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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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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‘Dil Dhadakne Do’ (DDD) Box Office Collections Hit Record Rs.37 Crore in 3 Days

Zoya Akhtar’s recently released movie ‘Dil Dhadakne Do’ earns Rs.37.05 Crore in three days. Weekend rush seemed  to have turned the tables around for the movie which is on the way of making good profits. Taran Adarsh, Film trade analyst, said it was due to a “strong weekend” in his tweet. #DilDhadakneDo has STRONG weekend. Fri 10.53 cr, Sat 12.27 ...

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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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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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Sonia Visits Priyanka as Vadra Land Mafia Role Gets Rap from All Corners

The BJP and the AAP Sunday lashed out at Congress president Sonia Gandhi’s son-in-law Robert Vadra, a day after Vadra snapped at a TV crew on being questioned over his controversial land deals in Haryana. The Bharatiya Janata Party (BJP) denounced Vadra and the Aam Aadmi Party (AAP) accused the Gandhi family of “arrogance”. Sonia Gandhi Sunday visited her daughter ...

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