Tag Archives: crore

J&K Bank case: I-T dept raids Kashmir business group, seizes Rs 1.28 crore assets

The Income Tax Department said on Tuesday that it has conducted raids against a Kashmir-based business group and seized unaccounted assets worth Rs 1.28 crore in connection with its tax evasion probe against entities linked to the financial operations of J&K Bank. Alleged irregularities in loan disbursal activities and appointments at the state-owned lender came to light recently… Read More »

GMR to invest ₹350 crore to set up business park in Hyderabad

HYDERABAD: GMR Infrastructure Ltd plans to invest around₹350 crore to set up its first office park spread over 1 million sqft in Hyderabad in the next 3-4 years as part of its larger land monetisation plan, said a top company executive. The New-Delhi based group, which operates Delhi and Hyderabad airports apart from other infrastructure businesses in India, has been… Read More »

Happi Mobiles eyes a turnover of ₹500 crore

All the stores will come up in Telangana and Andhra Pradesh Happi Mobiles, a mobile phone retail company, is planning to expand the chain to 150-200 stores by the year-end from its present strength of 50. It is also looking to hire 900 more employees, to take its headcount to 1,500. The number of employees representing various mobile… Read More »

Fairfax to sell 12% in ICICI Lombard for Rs 2,500 crore

Fairfax Financial Holdings, the joint ventures partner of ICICI Bank in ICICI Lombard General Insurance, is selling 12.2% in the Indian non-life insurance major to three entities for nearly Rs 2,500 crore.The three funds which are buying into the company are Red Bloom Investment, an arm of global private equity major Warburg Pincus, Tamarind Capital, a company owned… Read More »