 "SMFG India Credit Eyes Rs 60,000 Crore AUM with Branch Expansion")
Sumitomo Mitsui Financial Group (SMFG) India Credit is on track to increase its assets under management (AUM) to Rs 60,000 crore by the end of the financial year 2024-25, up from Rs 45,000 crore last year. The company has recently expanded its branch network, adding 300 new branches mostly in Tier 2 cities and rural ...
 "Munjal Auto Faces Rs 6.76 Crore GST Notice, Vows to Fight Back")
Munjal Auto Industries has received a GST demand notice from the Haryana GST authority for Rs 6.76 crore related to the period from April 2019 to March 2020. The company plans to appeal the notice within the specified timeframe and is preparing a robust defense. Despite the significant amount, Munjal Auto assures that this will ...
 "Mankind Pharma’s Bold Move: Financing Rs 13,630 Crore Acquisition Amidst Debt")
Mankind Pharma, India’s fourth-largest pharmaceutical company, plans to raise over Rs 9,000 crore through non-convertible debentures and short-term commercial paper to fund its Rs 13,630 crore acquisition of Bharat Serums and Vaccines Ltd. The company expects an average borrowing cost of about 8.5 percent. This acquisition will significantly enhance Mankind’s position in the gynaecology-fertility Market, ...
 "Brigade Enterprises Aims to Raise ₹1,500 Crore Amid Thriving Market Performance")
Brigade Enterprises, a prominent real estate developer based in Bengaluru, is set to raise up to Rs 1,500 crore by offering equity shares to institutional investors. The company launched its Qualified Institutional Placement (QIP) on September 2, with a floor price of Rs 1,164.70 per share, while shares closed at Rs 1,239.80 on the BSE. ...
 "Unprecedented Floods Devastate Telangana: Rs 5,438 Crore in Damages")
The Telangana Government has reported significant damage from recent heavy rains and floods, estimating a total loss of Rs 5,438 crore. Key impacts include Rs 2,362 crore in damage to roads and buildings, Rs 175 crore to energy infrastructure, and Rs 415 crore in crop losses across 415,000 acres. Additional costs stem from damages in ...
 "Water Revolution: Bihar’s Chief Minister Unveils Rs 1,347 Crore Supply Project")
Bihar Chief Minister Nitish Kumar has launched a significant drinking water project worth Rs 1,347 crore for the cities of Aurangabad, Dehri, and Sasaram. The initiative will supply water from the Sone river, reducing the cities’ reliance on groundwater, and is expected to be completed within two years. During the ceremony, the Chief Minister also ...
The Union Cabinet has announced seven new schemes aimed at boosting agriculture and related sectors, with a total budget of nearly Rs 14,000 crore. These initiatives focus on key areas like research, education, climate resilience, and digital advancements in agriculture. Notable projects include a digital agriculture mission worth Rs 2,817 crore and a Rs 3,979 ...
 "Rs 700 Crore Revamp: Blackstone Transforms India’s Logistics Landscape")
Horizon Industrial Parks, managed by Blackstone Real Estate funds, is set to invest Rs 700 crore to upgrade 13 warehouses owned by the Central Warehousing Corporation (CWC) across India. This partnership aims to transform government-owned facilities into modern Grade-A spaces catering to sectors like e-commerce, retail, and logistics. The redevelopment will cover 2.4 million square ...
 "Vedanta Approves Massive Rs 20 Dividend, Boosting Total Payout to ₹13,474 Crore")
Vedanta, led by Anil Agarwal, has declared a third interim dividend of Rs 20 per share for the current financial year, bringing the total payout for FY25 to Rs 13,474 crore. Earlier this year, the company approved a first interim dividend of Rs 11 per share and a second of Rs 4 per share. The ...
 "Government Reaps Rs 2,413 Crore Dividend from BPCL: Financial Surge Continues")
The Indian government received Rs 2,413 crore in dividends from Bharat Petroleum Corporation Limited (BPCL), as announced by the Department of Investment and Public Asset Management (Dipam). This amount is part of a total Rs 15,389.14 crore collected from various public sector enterprises in the current financial year, which includes dividends from companies like Indian ...
