RS 10000 CRORE
This smallcap multibagger stock turned Rs 10,000 to Rs 2.5 lakh in 10 years. Should you buy?
Promoters own 66.75% of the company, with the remaining 33.25% held by the public. Mutual funds account for just over 7% of public shareholding, and foreign investors have no significant stake.
SBI may bank on infra bonds to raise Rs 10,000 crore next week
State Bank of India is expected to enter the debt market next week to raise up to Rs 10,000 crore via infrastructure bonds, with Bank of India likely to follow a week later to raise Rs 5,000 crore. These bonds help reduce lenders' overall funding costs as they are exempt from CRR and SLR
SBI Contra Fund turns Rs 10,000 monthly SIP to Rs 7 crore in 25 years
SBI Contra Fund marks 25 years with impressive returns, outperforming its benchmark consistently. Managed by Dinesh Balachandran and Pradeep Kesavan, the fund offers a diversified portfolio for long-term capital appreciation. With assets of Rs 34,366 crore, it caters to investors seeking a contrarian investment strategy.
Tata Equity P/E Fund turned Rs 10,000 monthly SIP into Rs 1.82 crore in 20 years
Launched in June 2004, the scheme has consistently outperformed its benchmark, the Nifty 500 - TRI, delivering impressive returns. Over a decade, the scheme provided a 17.04% return compared to the benchmark's 15.27%. In the past five years, it yielded 21.14%, surpassing the benchmark's 19.76%. The scheme achieved a remarkable 25.78% return over three years, whereas the benchmark returned 19.81%.
Man arrested in Rs 10,000 cr GST fraud case after nine months on the run
A 31-year-old man, Babar Khan, evading police for nine months, was arrested in connection with a Rs 10,000-crore GST fraud across India. Khan allegedly set up fake firms using stolen or forged ID cards to fraudulently claim input tax credit. Noida police initially busted the gang last year, which operated by registering thousands of companies under false identities to generate e-way bills and claim government benefits.
SBI raises Rs 10,000 cr via bond sales to fund infra projects
Separately, ICICI Bank is likely to carry out a sale of infrastructure bonds on June 28, with the private lender looking to raise up to ₹3,000 crore through 10-year securities, debt capital market sources said. SBI's infrastructure bonds, which mature in 15 years, bear a coupon - or rate of interest to be paid to investors - of 7.36%.
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SBI raises Rs 10,000 cr via bonds to fund infra projects
State Bank of India (SBI) on Wednesday raised Rs 10,000 crore through its fifth infrastructure bond issuance. The country's largest lender raised the funds at a coupon rate of 7.36 per cent.
PLI worth Rs 10,000 crore approved for textiles: Minister Giriraj Singh
Textiles Minister Giriraj Singh announced that the government has sanctioned a production-linked incentive (PLI) scheme exceeding Rs 10,000 crore for the textiles industry, with plans under consideration to extend it to the garments sector. Additionally, he highlighted that the ministry is developing a strategy to surpass China in the textile sector.
GNSS-based toll collection to add Rs 10,000 crore to India’s toll revenue: Nitin Gadkari
Speaking at the international workshop on GNSS-based electronic toll collection in India, union minister for road transport and highways Nitin Gadkari said since commercial vehicles including trucks account for 75% of annual toll revenue it is important that the new system is implemented on commercial vehicles first. India’s toll collection stood at Rs 64,809.86 crore in 2023-24 as against Rs 48,028.22 crore in 2022-23, an increase of 34.9%.
SBI plans to raise Rs 10,000 crore via infrastructure bonds on Wednesday
state Bank of India plans to raise up to Rs 10,000 crore through the issuance of 15-year infrastructure bonds as the country’s largest lender looks to garner long-term capital at a time when demand for loans continues to outstrip growth in deposits.
These mutual fund houses were sitting with over Rs 10,000 crore cash in May
Around four mutual fund houses had cash allocations of more than Rs 10,000 crore in their portfolio as of May 2024. Here is the break-up, according to data from ACE MF.
How to save Rs 1 crore with a monthly salary of Rs 50,000
Accumulating a Rs 1 crore corpus might seem like a distant dream for someone earning Rs 50,000 a month. However, with discipline and a strategic approach, it is achievable. Experts recommend systematic investment plans (SIPs) in equity mutual funds for wealth creation over the long term. Starting investments early and gradually increasing SIP contributions can significantly accelerate your progress towards becoming a crorepati. ET Wealth Online explains how you can save Rs 1 crore with Rs 50,000 salary.
MeitY to kick off Rs 10,000-crore IndiaAI Mission on July 3
The Ministry of Electronics and Information Technology will launch the IndiaAI Mission with a budget of Rs 10,372 crore and started inviting nominations from top institutes, such as IITs, NITs etc, for students who are undertaking projects in artificial intelligence (AI), according to reports.
This ADIA-backed multibagger stock turned Rs 10,000 to Rs 5 lakh in 10 years
The stock has failed to live up to its previous glory of jaw-dropping returns in the recent past. In the last six months, the shares rose 56% and are up about 42% in the last one-year period.
AUM of these top 5 mutual funds increased by over Rs 10,000 crore in May
There were around 44 mutual funds which together managed an asset base of Rs 60.02 lakh crore as on May 2024. Here is the break-up of the top five mutual funds based on assets managed by them, according to the data by ACE MF.
These 5 mutual funds received over Rs 10,000 crore inflows in May
Around 44 mutual fund houses managed assets of Rs 60.02 lakh crore in May against an asset size of Rs 58.35 lakh crore in April. Here are the top 5 mutual funds that received more than Rs 10,000 crore inflows in May, according to the data by ACE MF.
FAME-3 may get a budget-day release; Rs 10,000-crore outlay expected
Electric two, three, and four-wheelers are expected to be supported under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme, which could receive a budgetary allocation of about Rs 10,000 crore, people familiar with the deliberations told ET.
NFO Watch: HDFC Manufacturing Fund, 8 others collect over Rs 10,000 crore in May
Around nine mutual fund NFOs were floated in the market in May, which together collected Rs 10,140 crore, according to the monthly data released by AMFI.
ITC Hotels to have a net worth of Rs 10,000 crore and debt-free balance sheet
As of March 2024, ITC Hotels' capital structure stood at approximately Rs 207.85 crore. However, this figure may see slight adjustments on the listing day due to the issuance of shares under the ESOP scheme, according to Puri. This information was shared with shareholders on Thursday during an NCLT-convened audio-visual meeting of ITC Ltd shareholders concerning the demerger process.
Jaypee creditors pick IBC over NARCL's Rs 10,000 crore offer
Lenders plan insolvency route for debt-laden Jaypee, delaying debt sale to NARCL. Jaypee owes Rs 30,000 crore to 32 creditors, including ICICI Bank, and was admitted to NCLT recently after a six-year delay.
Haryana government to launch Rs 10,000-crore project to combat air pollution
Haryana Chief Secretary announced a Rs 10,000-crore project funded by the World Bank to tackle air pollution. The project aims to improve air quality in Haryana, starting with the NCR districts and expanding state-wide later.
Record Rs 10,000 crore seized during elections: Chief Election Commissioner
India's Chief Election Commissioner Rajiv Kumar revealed the Election Commission's record seizure of Rs 10,000 crore during the recent Lok Sabha elections, preventing vote buying and corruption. The number was Rs 3,477 crore seized in 2019. Kumar praised the EC's efforts in curbing the distribution of freebies like liquor and clothing, noting a decrease in such practices. He highlighted the prevention of money giveaways in southern states and emphasised the importance of stringent measures.
Income Tax Department seizes record Rs 1100 crore cash and jewellery in Lok Sabha elections 2024
The Model Code of Conduct (MCC) came into force on March 16, the day the Election Commission of India announced the dates for the Lok Sabha elections. Since then, the Income Tax Department has been vigilant in monitoring and seizing unaccounted cash and valuables that could potentially influence voters.
FAME 3 likely to be rolled out soon with Rs 10,000 crore outlay
The third edition of the Modi government's FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.
How to save Rs 1 crore with a monthly salary of Rs 25,000
Building a Rs 1 crore corpus with a Rs 25,000 salary requires discipline and time. Experts recommend consistent investment in equity mutual funds via SIPs for long-term wealth creation. Starting early and increasing SIP contributions can accelerate wealth creation significantly if you know the right tools. Further, you must consider factors like risk tolerance and investment tenure as well. ET Wealth Online explains how you can become a crorepati even with a salary of Rs 25,000 per month.
Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years
After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore. Earlier this year, the board of Sobha Ltd approved raising Rs 2,000 crore through a rights issue to increase the equity of the company and fund the growth.
PM Modi inaugurates modern hospital built with Indian assistance in Bhutan
India and Bhutan have inaugurated a modern 150-bed hospital, the Gyaltsuen Jetsun Pema Wangchuk Mother and Child Hospital, in Thimphu. The hospital, which has been built with Indian assistance, will be a shining example of India-Bhutan development cooperation. The hospital will house state-of-the-art facilities for Pediatrics, Gynecology and Obstetrics, Anesthesiology, Operation Theatre, Neonatal Intensive Care, and Pediatric Intensive Care.
Power Grid to form JV for transmission projects worth Rs 10k cr in Rajasthan
The proposed JV shall undertake the projects in Rajasthan in a phased manner, a BSE filing by Power Grid Corporation of India stated. The Memorandum of Understanding (MoU) was signed on March 10, 2024. According to the filing, Power Grid will have 74 per cent stake in the JV while RRVPNL will have 26 per cent stake.
Punjab cabinet approves new excise policy, aims at over Rs 10,000-Cr collections
The Punjab cabinet approved an excise policy to generate over Rs 10,000 crore from liquor sales. Colonisers can pay development charges in instalments. The One-Time Settlement scheme for tax arrears was extended. 1,390 medical officer posts will be created.
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