Tag: crore

J&K gets Rs 35581 crore central assistance in Union budget

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Srinagar, Feb 01: The Union Territory of Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Wednesday.
The budget documents available with news agency—Kashmir News Observer (KNO) reveal that Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget for 2023-24.
According to the documents, there has been massive hike in revised estimates for the current financial year.
The revised estimates for UT have been hiked to Rs 44538 against budget estimates of Rs 35581 crore—(KNO)
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#crore #central #assistance #Union #budget
( With inputs from : roshankashmir.net )

February 1, 2023
Highest-ever capital outlay of Rs 2.40 lakh crore for railways in budget

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New Delhi: The capital outlay for the railways has been increased to the highest-ever Rs 2.40 lakh crore in the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman said on Wednesday.
Presenting the budget in Lok Sabha, Sitharaman said the outlay for the railways is nine times the amount provided in 2013-2014.
She said 100 critical transport infrastructure projects for last- and first-mile connectivity for coal, fertilizer, and food grain sectors have been identified and will be taken up on a priority basis with an investment of Rs 75,000 crore, including Rs 15,000 crore from private sources, she said.
With increased passenger expectations, the railways are planning to refurbish more than 1,000 coaches of premier trains such as Rajdhani, Shatabdi, Duronto, Humsafar, and Tejas. The interiors of these coaches will be improved with a modern look and for enhanced passenger comfort.
A significant allocation is likely to be made to replace old tracks as the railways plan to speed up trains and launch Vande Bharat Express in more destinations. Aimed at attracting tourists, the railways is proposing to manufacture 100 more Vistadome coaches.
In the budget, the government proposed to manufacture 35 hydrogen fuel-based trains, 4,500 newly designed automobile carrier coaches with side entry, 5,000 LHB coaches, and 58,000 wagons.
The railways were allocated Rs 1.4 lakh crore in the Union Budget for 2022-23, of which Rs 1.37 lakh crore was earmarked for capital expenditure and Rs 3,267 lakh crore for revenue expenditure.

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( With inputs from www.siasat.com )

February 1, 2023
Adani Enterprises FPO fully subscribed, 4.62 crore shares sought

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New Delhi: The Rs 20,000 crore share sale of Adani group’s flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data.
As many as 4.62 crore shares were sought as against an offer of 4.55 crore.
Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers (QIBs) was almost fully subscribed, according to BSE data.
There was, however, muted response from retail investors and company employees.
Retail investors, for whom roughly half of the issue was reserved, bid for just 11% of the 2.29 crore shares earmarked for them. Employees sought 52% of the 1.6 lakh shares reserved for them.
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#Adani #EnterprisesFPOfully #subscribed #crore #shares #sought

( With inputs from www.siasat.com )

January 31, 2023
Hyderabad: BC welfare association seeks Rs 2L crore from Union Budget

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Hyderabad: National BC Welfare Association’s president and MP R Krishnaiah requested a hike of Rs 2 lakh crore for the welfare of backward classes from the forthcoming ‘Union budget’.
The MP had written to Prime Minister Narendra Modi pointing out that the Union government provided 27 percent reservations to BCs in educational institutions run by the Centre since 2006 while they constitute 56 percent of the country’s population.
“If the BC population of 75 crore is not developed, how is it possible for the country to assume superpower status?” Krishnaiah asked in his letter.
He further pointed out that the allocations made for BCs in Tamil Nadu, Andhra Pradesh, Telangana and other states were less than required.
Krishnaiah also demanded that pre-matric and post-matric scholarship schemes should be introduced for BCs along the lines of SCs and STs.
He further sought funds for the construction of hostels and residential schools run by state governments.
He said that 80 percent subsidy loans have to be sanctioned to BC candidates through National BC Corporation and all schemes provided to SCs and STs at the national level should be extended to OBCs as well.

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#Hyderabad #welfare #association #seeks #crore #Union #Budget
( With inputs from www.siasat.com )

January 30, 2023
‘Pathaan’ is unstoppable, collects Rs 429 crore worldwide in 4 days

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Mumbai: Bollywood superstar Shah Rukh Khan’s latest release “Pathaan” is emerging as an unstoppable force at the global box office. The film, directed by Siddharth Raaj Anand, has earned Rs 429 crore gross worldwide in four days.
The film collected another Rs 100 crore day on its fourth day, as it registered Rs 53.25 crore net in India (in Hindi and all dubbed versions).
The overseas gross recorded up till the fourth day adds up to Rs 164 crore, according to trade analysts.
“Pathaan” crossed the Rs 200-crore net mark in India in just four days, with a Rs 265-crore gross collection up on the board. Four days is the shortest time for a Hindi film to enter the Rs 200 crore club.
“Pathaan” has also become the only Hindi film to register three Rs 50-crore days. Now, as a result, all films in YRF’s Spy Universe — “Ek Tha Tiger”, “Tiger Zinda Hai”, “War”, and “Pathaan” — are blockbusters.
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#Pathaan #unstoppable #collects #crore #worldwide #days

( With inputs from www.siasat.com )

January 29, 2023
SRK-starrer ‘Pathaan’ grosses Rs 313 crore worldwide in first 3 days

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Mumbai: Bollywood superstar Shah Rukh Khan’s film ‘Pathaan’, directed by Siddharth Anand, has recorded the biggest opening weekend in the history of Hindi cinema, which it set on Day 3 of its release, by collecting Rs 313 crore gross worldwide.
On Day 3, ‘Pathaan’, which released on January 25, collected Rs 38 crore net in Hindi format, while dubbed formats earned Rs 1.25 crore net. The total India collection on Day 2 was Rs 39.25 crore net (47 crore gross). Meanwhile, overseas collection was also astronomical as it collected Rs 43 crore gross ($5.3M).
The total worldwide collection on Day 3 was a whopping Rs 90 crore worldwide gross box office.
The total India GBOC after 3 days stands at 201 crore gross and total overseas collection is at Rs 112 crore gross.
Akshaye Widhani, CEO of Yash Raj Films, said: “It is incredible that Pathaan has registered the biggest all-time opening in India and overseas, considering the collections of the film in the first 3 days of release which is dubbed as the opening weekend for any film.”
“‘Pathaan’ has been blessed by Indians across the globe and what is happening with this film is unprecedented and historic.”
‘Pathaan’, is part of Aditya Chopra’s ambitious spy universe and has Shah Rukh Khan, Deepika Padukone and John Abraham.

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( With inputs from www.siasat.com )

January 28, 2023
‘Pathaan’ worldwide collection crosses Rs 200 crore mark

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Mumbai: Superstar Shah Rukh Khan’s “Pathaan” continued to rake in big numbers at the global box office as the film’s worldwide collection on day two reached Rs 219.6 crore, the makers announced on Thursday.
According to production house Yash Raj Films (YRF), the SRK-Deepika Padukone starrer raised Rs 113.6 crore in worldwide gross on day two of its release. The film’s opening day figure was Rs 106 crore.
In the domestic market, the film’s net day two collection stood at Rs 70.5 crore (Rs 82.94 crore gross). The film’s Hindi version amassed Rs 68 crore in net earnings, with its dubbed formats bringing in additional Rs 2.5 crore. “Pathaan” was also released in Tamil and Telugu on Wednesday.
With its day two haul, the movie created another record — first Hindi film to breach the Rs 70 crore net collection on a single day.
Internationally, the film earned Rs 30.70 crore gross.
The Siddharth Anand directorial, which faced boycott calls over the song “Besharam Rang”, marks Shah Rukh’s return to movies after a gap of over four years. His previous film was 2018’s “Zero”.
“As an industry, we are rejoicing today. This is the most important sentiment emerging out of Pathaan’s success. All of us at Yash Raj Films are grateful for the incredibly humbling support from media, audiences and the industry towards ‘Pathaan’.
“It is this unanimous love for the film that has resulted in Pathaan shattering all existing records and creating new ones. We are happy that the film has entertained everyone in such an immersive manner,” Akshaye Widhani, CEO of Yash Raj Films, said in a statement.

With its record haul in the first two days of its release, “Pathaan” has exceeded the expectations of the industry experts who were banking on the action spectacle to bring some cheer in the industry after a series of box office duds.
“Pathaan” is the fourth film in producer Aditya Chopra’s ambitious spy universe, following Salman Khan’s “Ek Tha Tiger” (2012) and “Tiger Zinda Hai” (2017), and “War”, featuring Hrithik Roshan (2019).
The movie follows the titular spy Pathaan (Shah Rukh) who comes out of exile to stop terrorist group Outfit X, led by Jim (John Abraham), from launching a debilitating attack on India.
“Pathaan”, which according to YRF has broken some 21 box office records, also has a guest appearance by Salman as fellow spy Tiger.

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( With inputs from www.siasat.com )

January 27, 2023
SRK’s ‘Pathaan’ sets cash register ringing with Rs 55 crore opening, highest for any Hindi movie

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Mumbai: Shah Rukh Khan made a grand comeback to the big screen with his new Hindi film “Pathaan” raising a whopping Rs 55 crore nett and its dubbed versions bringing in additional Rs 2 crores on the opening day, the makers announced on Thursday.
According to production house Yash Raj Films (YRF), the movie’s nett day one collection stood at Rs 55 crore, the “highest grossing first day for a Hindi film”. “Pathaan” was also released in Tamil and Telugu on Wednesday.
The Siddharth Anand directorial, which faced boycott calls over the song “Besharam Rang”, marks Shah Rukh’s return to movies after a gap of over four years. His previous film was 2018’s “Zero”.
YRF said “Pathaan” had set multiple new records, including the “widest Hindi release of all time in India” and “highest grossing first day for a non-holiday release”.
The first day gross collection of the stylish spy thriller is also the “highest ever” in Shah Rukh’s career as well as for co-stars John Abraham and Deepika Padukone, director Anand and YRF, the studio stated in a press release.
“It is a historic day for Indian cinema and we are humbled to see the love and appreciation that is flowing for ‘Pathaan’ globally.
“For ‘Pathaan’ to shatter records in this fashion on a non holiday, just proves that the theatrical business is here to stay, provided we make films that entice people to come to the cinemas to witness a never seen before experience that entertains them thoroughly,” Akshaye Widhani, CEO of Yash Raj Films, said in a statement.
With its record day one haul, “Pathaan” has exceeded the expectations of the industry experts who were banking on the action spectacle to pull out Bollywood from the trenches of the pandemic and a string of box-office duds.

The film opened on Wednesday in over 5,000 screens across the country, including big cities like Delhi and Mumbai. The movie has a five-day extended opening weekend as it released just the day before Republic Day.
Till Tuesday, “Pathaan” sold with 4.19 lakh tickets sold in advance booking reflecting 80 per cent occupancy on day one, even for early morning shows beginning at 6 am or 7 am, said industry insiders.
Buoyed by the phenomenal response to the star-studded entertainer, production banner YRF on Wednesday said it had added a post midnight 12.30 am show across the country.
Besides, 300 more screens were added due to high demand, according to trade analyst Taran Adarsh, taking the film’s total screen count to 8,500 worldwide.
“Pathaan” is the fourth film in producer Aditya Chopra’s ambitious spy universe, following Salman Khan’s “Ek Tha Tiger” (2012) and “Tiger Zinda Hai” (2017), and “War”, featuring Hrithik Roshan (2019).
The movie follows the titular spy Pathaan (Shah Rukh) who comes out of exile to stop terrorist group Outfit X, led by Jim (John), from launching a debilitating attack on India.
“Pathaan” also has a guest appearance by Salman as fellow spy Tiger.
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#SRKs #Pathaan #sets #cash #register #ringing #crore #opening #highest #Hindi #movie
( With inputs from www.siasat.com )

January 26, 2023
Air India offers nearly 98 crore shares to employees under stock option scheme

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Mumbai/New Delhi: Air India has offered around 98 crore shares of the company to its permanent employees as part of a stock option scheme.
The shares are also being offered to the permanent staff of Air India Express as part of the Employees’ Share Benefit (ESB) Scheme 2022, according to a document.
The Tata group took over the control of Air India and Air India Express from the government on January 27, 2022.
An airline official told PTI that around 8,000 employees will benefit from the scheme.
“In accordance with the share purchase agreement signed as part of the disinvestment process, Air India has initiated the Employee Share Benefit Scheme for eligible employees who were in service with the airline on the date of privatisation.
“We will be working with the relevant employees to help them understand the long term benefits and avail of the same,” an Air India spokesperson said in a statement.
Those who were permanent employees at the two carriers — Air India and Air India Express — at the time of the takeover will be eligible to participate in the scheme where the share is offered at a price of 27 paise apiece, as per the document sent to the staff.
A source said the price is at a discount compared to the book value of 87-90 paise per share at the time of acquisition.

An employee trust has been set up to administer the ESB scheme.
“The company has authorised the trust to offer ESB benefits on no more than three per cent of the shares of the company purchased by Talace i.e., 97,99,56,600 to the eligible employees from time to time, in one or more tranches, acquired by the trust from Talace for nil monetary consideration.
“The trust shall hold the ESB shares to provide the ESB benefit to the eligible employees upon the payment of the aggregate exercise price together with all applicable taxes and amounts…,” the document said.
Talace, a subsidiary of Tata Sons, acquired Air India, Air India Express and the government’s 50 per cent stake in Air India SATS Airport Services Pvt Ltd.
“.. any eligible employee retiring on or after January 27, 2022, will be deemed to be an eligible employee and will be entitled to the benefits in accordance with and subject to the terms of this scheme,” as per the document.
A source at Air India Express said the airline has around 1,600 employees, majority of whom are contractual staff. It has about 300 pilots who are on permanent rolls, the source added.
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( With inputs from www.siasat.com )

January 25, 2023
Women’s Premier League: BCCI earns Rs 4669.99 crore windfall for 5 teams

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Mumbai: The BCCI on Wednesday earned a Rs 4669.99 crore windfall for the sale of five teams in the inaugural Women’s Premier League (WPL) with Adani Sportsline shelling out a massive Rs 1289 crore for the Ahmedabad team, which emerged the most expensive franchise.
IPL team owners Mumbai Indians, Royal Challengers Bangalore and Delhi Capitals made successful bids of Rs 912.99 crore, Rs 901 crore and Rs 810 crore respectively to enter the WPL.
Capri Global Holdings got the Lucknow franchise for Rs 757 crore.
“Today is a historic day in cricket as the bidding for teams of inaugural #WPL broke the records of the inaugural Men’s IPL in 2008! Congratulations to the winners as we garnered Rs.4669.99 Cr in total bid,” BCCI secretary Jay Shah tweeted.
Earlier this month, the BCCI sold the media rights of the Women’s Premier League to Viacom18 for Rs 951 crore, getting a Rs 7.09 crore per match value for five years.
Adani Group, which had failed to buy an IPL team when the Lucknow and Ahmedabad franchises were up for sale in 2021, has made its official entry into Indian cricket by securing a women’s team for WPL.
Many were already calling the league Women’s IPL but BCCI secretary revealed the name on Wednesday.
“The BCCI has named the league – Women’s Premier League (WPL). Let the journey begin.

“Today is a historic day in cricket as the bidding for teams of inaugural #WPL broke the records of the inaugural Men’s IPL in 2008. This marks the beginning of a revolution in women’s cricket and paves the way for a transformative journey ahead not only for our women cricketers but for the entire sports fraternity.
“The #WPL would bring necessary reforms in women’s cricket and would ensure an all-encompassing ecosystem that benefits each and every stakeholder,” Shah said in a series of tweets.
After pay equity, today’s bidding for media rights for Women’s IPL marks another historic mandate. It’s a big and decisive step for empowerment of women’s cricket in India, which will ensure participation of women from all ages. A new dawn indeed! #WIPL @ICC @BCCIWomen
— Jay Shah (@JayShah) January 16, 2023
The eight franchisees in the men’s IPL were sold for USD 723.59 million before the maiden edition in 2008.
The WPL player auction will take place next month with the first edition to be played in March.
The BCCI on Monday had cleared 17 technical bids for the closed door bidding that was held in a five star hotel here on Wednesday.
As many as seven IPL franchisees were in the race and the ones to miss out were Punjab Kings, Kolkata Knight Riders, Rajasthan Royals and Sunrisers Hyderabad.
Among the outsides, multinational sweets and snacks company Haldiram’s too had submitted its bid on Monday. The BCCI had not set any base price for the sale of teams.
A total of 22 games will be played in the inaugural season with the top-ranked team in the league stage qualifying directly for the final. The second and third placed teams will battle out for a place in the title clash.
Each team will have a purse of Rs 12 crore at the players’ auction next month and will need to buy a minimum of 15 players and maximum of 18. Up to five overseas players, including one from associate, will be allowed in the playing eleven.
“India’s women cricketers have always made the nation proud in the global sporting arena be it the World Cup, Asian Cup or the recent Commonwealth Games!
“This new Women’s League will once again shine a global spotlight on the talent, power, and potential of our girls. I’m sure our Women’s MI team will take the Mumbai Indians brand of fearless and entertaining cricket to a new level altogether,” said Mumbai Indians owner Nita Ambani.
Mumbai Indians also have their presence in the ongoing ILT20 in UAE and SA20 in South Africa.
The Diageo-owned RCB franchise said it was patiently waiting to become part of women’s cricket.
“At the core of Diageo, is the value of gender inclusivity that embraces diversity in the broadest possible sense and this enterprise champions us to welcome and celebrate women’s cricket for who they are and the value they bring in the journey of this sport, Cricket.
“Therefore, it is a fitting asset in the right direction for Diageo India owned franchise.
“We held back all our investments in overseas teams to own a team that
aligns with this philosophy and core value, and it gives us immense pleasure to have marked this accomplishment positively,” said RCB chairman Prathmesh Mishra in a statement.

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#Womens #Premier #League #BCCI #earns #crore #windfall #teams
( With inputs from www.siasat.com )

January 25, 2023