Funds | The Asian Age

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Air India managed to get Rs 1,000 crore from the National Small Savings Fund (NSSF) as loan. (Photo: File | AFP)

Air India revives plans to raise Rs 500 cr; to mop up Rs 6,100 cr from aircraft sale

Air India is to receive a budgetary support of Rs 30,231 crore over a 10-year period ending March 2021.

20 Nov 2018 4:04 PM

An official said the government is looking at restructuring the Air India's debt. (Photo: File | AFP)

From time to time, govt is providing support to Air India: Choubey

The airline's accumulative losses stood at Rs 47,145.62 crore in financial year 2016-17.

19 Nov 2018 5:16 PM

The company began operations as an NBFC in April 2017 with a focus on MSME and corporate finance.

Adani Capital to raise Rs 1,000 crore in growth capital in FY19

Company has so far raised Rs 35 crore through its maiden commercial paper issuance last month.

18 Sep 2018 11:41 AM

Nearly Rs 400 crore has been released by the Centre to 10 states, having international borders, for developing forward areas as part of an ambitious plan to ameliorate the problems of those living in these isolated locations, officials said on Monday. (Photo: PTI)

Govt releases Rs 400 cr for development of forward areas along borders

The BADP covers 111 border districts in 17 states to meet special development needs of border population.

03 Sep 2018 1:44 PM

At the same time the couple has enjoyed trips to Las Vegas and Los Angeles and have purchased a BMW (Photo: AFP)

Homeless man who helped woman with his last money denied access to funds raised for him

Instead of a house, the duo bought him a camper on the woman’s name and asked him to leave it after accusing him of stealing from them.

28 Aug 2018 7:35 PM

Edelweiss is also absorbing the high quality investment team of these funds who bring over a decade of rich experience in Commercial Real Estate (CRE).

Edelweiss to acquire 2 funds of Milestone Capital Advisors

Edelweiss Group currently manages customer assets of over USD 26 billion, of which EAAA, has over USD 2 billion of assets under management.

13 Aug 2018 11:37 AM

The bank noted that NPA additions during FY'2019 are expected to be significantly lower than FY'2018.

Provision against bad loans to remain elevated in FY'19: ICICI Bank

The bank made a provision of Rs 17,307 crore against bad loans in 2017-18 as against Rs 15,208 crore.

31 Jul 2018 4:13 PM

Currently, there is no ECB window for airlines. (Photo: ANI)

Airlines may get nod to tap ECB window for low-cost funds

The airlines companies have been asked to provide their inputs on it at the earliest to take the issue forward.

22 May 2018 8:32 AM

Last year, Google.org had given a grant of USD 8.4 million to four Indian NGOs. (Photo: AP)

Google.org offers USD 3 mn in grants to 2 Indian non-profit organisations

The funds will be used to scale the platform to reach five lakh teachers in two years.

03 May 2018 3:33 PM

In the last fiscal, the government collected Rs 62,021 crore as cess on sin and luxury goods.

Rs 20,000 cr surplus in GST compensation cess fund as of end-Mar

For 2018-19, the government has budgeted to collect Rs 61,331 crore as GST compensation cess.

27 Apr 2018 4:09 PM

India is ramping up to a paperless economy and BankBazaar is contributing significantly towards this goal. (Photo: ANI)

BankBazaar to hire 800 personnel in FY19

The majority of the hires would be for the technology and product domains.

27 Apr 2018 10:03 AM

The cuts will result in job losses and include a scaling-back of its business with hedge funds.

Deutsche Bank announces major overhaul of investment bank

Banks net income of 120 million euros was below the forecasts of net income of 379 million

26 Apr 2018 1:31 PM

Govt had last month floated a preliminary information memorandum inviting bidders to buy 76 per cent stake in loss-making Air India along with transfer of management control.

Entities with sufficient funds, ability to run Air India can bid: FinMin

Bidder who buys Air India would have to stay invested in the airline for at least three years.

19 Apr 2018 12:51 PM

OPC Asset Solutions, which is being paid by Reliance Retail against the bundled handset sales, has raised the money against the future receivables.

OPC asset solutions raise funds against receivables from Jio subscribers

The issue size at Rs 5,000 crore is the single largest issuance of securitised paper in the country.

11 Apr 2018 8:35 AM

Court asked the company to deposit 15 per cent of the disputed tax, amounting to 4.9 billion rupees as security deposit till it decides on the case.

Indian court orders tax department to lift freeze on Cognizant's funds

Cognizant shares were up nearly 1 per cent in later afternoon trading on the Nasdaq.

04 Apr 2018 8:36 AM

Company's consolidated net debt stood at Rs 91,714 crore higher than Rs 91,480 crore in the previous quarter. (Photo: PTI)

Bharti Airtel plans to raise up to Rs 3,000 crore

Shares of Bharti Airtel on Friday closed 0.19 per cent higher at Rs 401.95 apiece on BSE.

09 Mar 2018 6:02 PM

ONGC holds 13.77 per cent stake in nation's biggest refiner Indian Oil Corp (IOC), which at today's trading price is worth close to Rs 26,000 crore.

ONGC to sell OPaL stake to fund HPCL buy

ONGC had borrowed money from banks to buy government's 51.11 per cent stake in HPCL for Rs 36,915 crore.

09 Mar 2018 4:16 PM

Airtel has closed trading window for dealing in the securities of the company from March 1 to 14, 2018 to prevent insider trading.

Bharti Airtel board to meet on Mar 12 to discuss fund raising

As on Dec 31, 2017, company's consolidated net debt stood at Rs 91,714 crore higher than Rs 91,480 crore.

08 Mar 2018 12:00 PM

According to the report, India-focused offshore funds have seen an investment of USD 876 million in January.

Offshore India funds, ETFs register USD 1.1 bn inflow in Jan

India-focused offshore funds and ETFs are a subset of the overall foreign portfolio investor (FPI) flows.

05 Mar 2018 3:37 PM

With at least half of the seats in UDAN flights offered at subsidised fares.

UDAN: Govt expects Rs 300 cr annually from levy on airlines

Allocation for UDAN has been substantially raised to Rs 1,014.09 crore for the next financial year.

26 Feb 2018 10:50 AM

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Shobhaa De