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Mahindra Group to invest Rs 2,325 crore in Maharashtra

Loknath Das, , , , , , , , ,

The Mahindra Group today announced over Rs 2,300 crore investment in the state in three projects of which as much as Rs 1,700 crore will be spend towards creating an entertainment destination at Kandivali, a northwestern suburb of the megapolis. Addressing the Magnetic Maharashtrainvestor summit here this evening Mahindra group chairman Anand Mahindra said his software company Tech Mahindra will invest Rs 125 crore to create an all-green tech hub in Nagpur that will create ate least 2,500 jobs. On the Rs 1,700-crore investment announced in the city, Mahindra said, “we are exploring to set…

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UBI Posts Rs. 637.53 Crore Net Loss In Q3

Loknath Das, , , , , , , ,

United Bank of India’s operating profit saw a 65.76 per cent fall to Rs. 181.53 crore Kolkata: State-run United Bank of India (UBI) on Monday reported a net loss of Rs. 637.53 crore for the quarter ended December 31, 2017, as compared to a net profit of Rs. 64.10 crore for the a year-ago period. The net loss for the quarter was on the back of sharp fall in operating profit and a huge increase in provisions to cover rising bad loans.During the quarter ended December, the bank’s operating profit saw a 65.76 per cent fall to Rs. 181.53…

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How to earn Rs 50,000 monthly via investing in mutual funds?

Loknath Das, , , , , , , , , , ,

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. You can earn a regular monthly income just by investing a substantial portion into mutual funds. However this may include the impending tax liability. In a mutual fund query, an investor wanted to know where they should invest to earn Rs 50,000 on a monthly basis, a report by ET Mutual Funds revealed. “I am looking for a monthly income of Rs 50,000. Tell me how to go about it? How much investment is required? Whether one-time…

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Future Lifestyle Fashions raises Rs 350 crore through NCDs

Loknath Das, , , , , , , ,

Future Lifestyle Fashions Ltd (FLFL), part of the Kishore Biyani-led Future Group, has raised Rs 350 crore through issuance of non-convertible debentures series on a private placement basis. “The Committee of Directors… has issued and allotted 3,500 senior, secured listed, rated, redeemable non- convertible debentures series – IV (NCDs) of Rs 10 lakh each at par for cash aggregating Rs 350 crore to the investors, on private placement basis,” FLFL said in a regulatory filing. Last week, the company had reported a 3.23 per cent increase in consolidated net profit at…

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Karbonn A91 Typhoon With Android 5.1 To be had On line at Rs. 2,899

Srijita, , , , , , , , , , , , ,

Home handset maker Karbonn Mobiles has introduced a new access-stage Android telephone, the Karbonn A91 Storm. The new handset is now listed at the organization website while is now To be had to shop for via an e-trade website priced at Rs. 2,899. At this rate factor, the Karbonn A91 Typhoon may be competing towards Intex’s entry-level Aqua 3G Pro Q telephone which went on sale lately priced at Rs. 2,999. The Karbonn A91 Hurricane is a dual-SIM (regular-SIM + ordinary-SIM) supporting cellphone that runs Android 5.1 Lollipop out-of-the-box. It…

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BSE To auction funding Limits For Rs 4,046-Crore authorities Bonds

Srijita, , , , , , , , ,

New Delhi: leading stock alternate BSE will on Monday public sale funding limits for remote places buyers for the purchase of government debt securities really worth Rs 4,046 crore. The public sale will be conducted on BSE’s ‘e-bidxchange’ platform from three:30 p.m. to 5:30 p.m., after the close of market hours. The debt auction quota offers foreign places traders the proper to make investments in the debt, as much as the restrict purchased. “stay bidding consultation for allocation of debt investment limits for FII (overseas institutional buyers)/FPI (overseas portfolio traders)/sub…

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