Tag: crore

Paytm sets aside Rs 200 crore to promote UPI usage

BENGALURU: Digital payments major Paytmhas set aside Rs 200 crore to promote unified payments interface-based transactions this festive season, according to a senior company executive. Deepak Abbot, senior vice-president at Paytm, said the company has more than 33% market share in UPI payments, and with its marketing initiatives, it aims to…

Indiabulls Real Estate Q1 profit up 29% at Rs152.57 crore

Mumbai: Real estate developer Indiabulls Real Estate Ltd (IBREL) on Monday said consolidated net profit in the June quarter rose 29% from a year ago to Rs152.57 crore on the back of higher revenue. In a filing to the BSE, the company said it has recorded an…

BMW India to invest Rs 130 crore to boost operations

BMW India will spend Rs 130 crore in the current financial year to improve its overall operations. Some of the investment will also go into the two-wheeler and finance business. With this investment, BMW will have pumped in a total of Rs 1250 crore in its…

Samsung to invest Rs 1,970 crore in UP to boost Make in India

Samsung India Electronics on Monday announced expansion of its Noida plant with an investment of INR 1,970 crore, strengthening its commitment to ‘Make in India’ and ‘Make for India’. A memorandum of understanding (MoU) was signed between the company and the state government for setting up…

RCom, Aircel merge; Rs 65,000 crore telecom entity formed

Anil Ambani-led Reliance Communications today agreed to merge its wireless telecom business with smaller rival Aircel to create the country’s 4th-biggest mobile phone operator with asset base of more than Rs 65,000 crore (Rs 650 billion). In the largest consolidation in the country’s telecom sector, RCom…