Tag Archives: profits

New Lease of Life for Spandana Sphoorty Microfinance, Raises $270 Million

After 7 years of virtual hibernation, Hyderabad’s Microfinance lender Spandana Sphoorty Financial Ltd has raised $270 million of funding, to bail it out from the corporate debt restructuring cell (CDR). While $100 million will be in the form of equity from a Kedaara Capital-led consortium including Ontario Teachers’ Pension Plan, and the rest in the form of debt capital from ...

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Ujjivan Leads MFI Stocks, Equitas Equally Impressive

Backed by RBI license to start a Small Finance Bank (SFB), Bangalore-based Ujjivan adn Chennai-based Equitas have hit the IPO route this year to make a winning streak in collecting more than expected funds from the public and now they are swaying the markets. Ujjivan Financial Services shares rallied at 20% reaching to Rs 400 on Friday, while its Chennai ...

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Mahesh Babu-starrer ‘Srimanthudu’ Hits Rs.100-crore in First Week, Second Behind ‘Bahubali’

Telugu film Mahesh Babu-starrer ‘Srimanthudu’ has hit the box office records grossing Rs.101.25 crore in its opening week worldwide, becoming the second film after ‘Bahubali’ to break past records in the southern film industry, especially in 2015. Directed and written by Koratala Siva, the Telugu drama also stars Shruti Haasan for the first time with Mahesh Babu in the lead ...

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ISRO Commercial Arm Antrix Registers Profit Worth Rs.205 Crore

Indian Space Research Organisation (ISRO) has been increasingly undertaking foreign space missions and space contracts though the profit range is not as high as expected due to the cost of production involved. Going by its net profit figures given by the minister in parliament, it is in the same range as last year. ISRO’s commercial arm Antrix is responsible for ...

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Mahindra plans to set up plant in Tamil Nadu investing Rs.4,000 crore

Automobile manufacturer Mahindra and Mahindra Saturday said that it plans to invest Rs 4,000 crore over seven years for setting up a manufacturing plant in Tamil Nadu. “We have been promised that the land will be allocated very soon. The MoU (memorandum of understanding) will be signed during the Global Investors Meet,” Pawan Goenka, executive director, automobile division told reporters ...

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Xiaomi Registers 135 % More Revenue in 2014, Reveals CEO Lei Jun

Now that the figures are out, Chinese mobile maker Xiaomi Technology Ltd Co. said its pre-sales revenue stands $11.97 billion, an increase of 135% compared to its revenues in 2013, confirmed its CEO Lei Jun. Just three months ago Xiaomi was declared the third largest mobile maker in the world after Apple and Samsung, surpassing the Huawei, another Chinese firm ...

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Yearend Review: Small was big for Tamil cinema in 2014

Small was big down south. Low budget films, which were high on creative content, emerged as the real winners in 2014. Offerings like “Yaamirukka Bayamey” and “Karthikeya” not only set the cash registers ringing but also spelt profit for the investors in the southern filmdom, which otherwise registered a mere five percent hits out of about 500 releases. Biggies like ...

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