RS 10000 CRORE
This multibagger pharma stock turns Rs 10,000 to Rs 2.7 lakh in 10 years. Should you buy?
Accordingly, if an investor had invested Rs 10,000 in the stock four years ago and stayed put, the investment would have jumped to 2.7 lakh, according to an analysis by ET Markets.
SBI raises Rs 10,000 crore through infrastructure bonds at 7.36% coupon
State Bank of India on Wednesday raised Rs 10,000 crore through the issuance of infrastructure bonds, while two other public sector lenders – Canara Bank and Bank of India – are likely to tap the debt market next week to raise a total of up to Rs 15,000 crore through the same instrument.
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%.
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.
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.
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.
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.
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.
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