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Articles for Fy21

Are more women applying to study abroad than men? How many are from small towns?
10 months ago

Are more women applying to study abroad than men? How many are from small towns?

Hindustan Times  

More and more Indian women are seeking to pursue higher education overseas in the US, UK, Europe, Australia as they are using a greater number of dedicated scholarships and funding opportunities, data from loan providers and education consultants showed. These women are not just from the big cities but also from small towns, it showed as education consultants said that …

Women Men Female Students Funded
Stock below ₹50 declares 1:2 bonus issue, scrip up 175% in 6 months
1 year, 9 months ago

Stock below ₹50 declares 1:2 bonus issue, scrip up 175% in 6 months

Live Mint  

With a market valuation of ₹46.25 Cr, Achyut Healthcare Ltd. is a small-cap company that operates as an SME in the pharmaceutical industry. “The Board considered and recommended to issue 46,72,500 Equity Shares of Rs.10/- each as bonus issue in the ratio of 1:2 i.e. one new bonus Equity Share of ₹10/- each for every two existing fully paid up …

Equity Shares Bonus Equity Share Equity Shares
Data | Five Southern States took off-Budget loans worth ₹2.34 lakh crore in FY21
1 year, 9 months ago

Data | Five Southern States took off-Budget loans worth ₹2.34 lakh crore in FY21

The Hindu  

While tabling the Budget a week ago, Telangana Finance Minister T. Harish Rao accused the Centre of “creating hurdles after hurdles” in the development of the State. Five Southern States — Telangana, Andhra Pradesh, Kerala, Tamil Nadu and Karnataka — accounted for ₹2.34 lakh crore, around 93%, of the total off-Budget liabilities of eleven major States analysed. In almost all …

Karnataka Budget Loans Debt Telangana Cag Chart
Uber India narrows net loss to Rs 216 crore in FY22; details here
2 years ago

Uber India narrows net loss to Rs 216 crore in FY22; details here

Firstpost  

Uber India managed to grow its operational revenue by 7 percent to Rs 397 crore in the current fiscal year from Rs 370 crore in FY21. Amid this scenario, leading online cab service provider Uber India has managed to bring down its net loss to Rs 216 crore in Fiscal Year 22. Uber’s second-largest cost after the input expenditure, employee …

Crore Uber Fy22 7 Percent India Managed Uber India Net Loss
Personal loans jump, biz loans fall in FY22
2 years, 3 months ago

Personal loans jump, biz loans fall in FY22

Deccan Chronicle  

Chennai: Personal loans origination—fresh loans sanctioned—grew 122 per cent in volume terms in FY22, indicating that more people sought credit to rebound after the pandemic. However, business loan origination volumes declined 22 per cent in FY22 compared to the previous year. Personal loans witnessed 46 per cent growth in originations in value terms and 122 per cent growth in origination …

Personal Loans Loans Cent Lakh Fy22 Fy21 Biz Loan
Byju's Co-Founder Divya Gokulnath Compares Ed-Tech Firm's Results to 'Brahmastra'; Know Why
2 years, 3 months ago

Byju's Co-Founder Divya Gokulnath Compares Ed-Tech Firm's Results to 'Brahmastra'; Know Why

News 18  

Byju’s co-founder and director Divya Gokulnath has broken her silence on reports over the ed-tech firm’s financial performance in FY21 and FY22, saying that the second blockbuster release of this year, after the movie “Brahmastra”, was the financial results of the $22-billion company. In a social media post, Gokulnath said that while BYJU’s reported Rs 4,500 crore loss in FY21 …

Results Revenue Crore Losses Byju Fy22 Gokulnath
Byju’s valuation makes no sense to Harsh Goenka; Kiran Mazumdar-Shaw agrees
2 years, 3 months ago

Byju’s valuation makes no sense to Harsh Goenka; Kiran Mazumdar-Shaw agrees

Live Mint  

One of India’s most valuable startups, Byju’s, has grabbed the attention of Harsh Goenka and Kiran Mazumdar-Shaw, but for all the wrong reasons. The numbers confused Goenka, who tweeted, “Byju’s revenues - 2,280 crore; Byju’s losses- 4,588 crore. Contrarily, Byju's claimed that revenue increased four-fold to ₹10,000 crore in the fiscal year ended March 31, 2022, but the company did …

Revenue Crore Goenka
Byju's losses widen to ₹4,588 crore in FY21
2 years, 3 months ago

Byju's losses widen to ₹4,588 crore in FY21

The Hindu  

Byju's booked a loss of ₹4,588 crore for fiscal year ended March 31, 2021, 19 times more than the preceding fiscal, as the nation's most valuable start-up on Wednesday released audited financial statements after months of delay. But in the following fiscal, ending March 31, 2022, the company said revenue soared fourfold to ₹10,000 crore but it did not disclose …

Company Acquisitions Revenue Crore Million Losses Byju
Byju’s FY21 losses widen after change in revenue recognition
2 years, 3 months ago

Byju’s FY21 losses widen after change in revenue recognition

Live Mint  

Think and Learn Pvt. Ltd, the parent of edtech major Byju’s, said its loss widened sharply to ₹4,588.75 crore for the year ended 31 March 2021 from ₹231.69 crore in the previous year as the company changed its accounting standard that delayed the recognition of revenues. Co-founder Byju Raveendran blamed the company’s losses on changes in accounting rules that determine …

Change Company Revenue Crore Its Loss Fy20 Revenue Recognition
Data | Anonymous donations to parties in FY21: Congress tops list, BJP close second
2 years, 3 months ago

Data | Anonymous donations to parties in FY21: Congress tops list, BJP close second

The Hindu  

The Association of Democratic Reforms’ analysis of the income-tax returns and donation statements of select national and regional political parties in FY21, shows that 36% of the sources remained anonymous. The national parties and regional parties received ₹427 crore and ₹264 crore worth of funds, respectively, from unknown sources. Almost half the total income of the regional parties was from …

Congress Parties Income Crore Regional Parties Unknown Regional
Data | How did Central Public Sector Enterprises perform in FY2021?
2 years, 4 months ago

Data | How did Central Public Sector Enterprises perform in FY2021?

The Hindu  

Financial Year 2021, the one-year period just after the national lockdown was announced, was a relatively better year for Central Public Sector Enterprises in terms of profits. Of the 254 CPSEs for which data are available, 177 made net profits while 77 made net losses in FY21. Worryingly, 28 of those 77 loss-making CPSEs have made net losses for the …

Net Losses Profits Cpses Net Losses Public Sector Enterprises
Consumer durables stocks have fallen 20-30% since the start of the year; Here is why
2 years, 6 months ago

Consumer durables stocks have fallen 20-30% since the start of the year; Here is why

Live Mint  

Since the beginning of 2022, there have been lots of challenges for the consumer durables sector, starting from the war, high commodity prices, the COVID situation and lockdown in China, and the rupee falling to an all-time low. Company Name LTP June 15 closing 52 week Low Previous 52 week Low Date % Distance from 52 week low Crompton Greaves …

Consumer Price Stock Share High Crore Cent
Savers financed 10-yr high corporates profits
2 years, 6 months ago

Savers financed 10-yr high corporates profits

Live Mint  

Earnings of listed corporates touched 4% of gross domestic product in FY22. The last time net profits of listed corporates to the GDP ratio was anywhere as high was in FY12 at 4% of GDP. View Full Image Massive jump In absolute terms, net profits of listed corporates in FY22 stood at ₹9.5 trillion, against ₹5.6 trillion in FY21, a …

Companies Interest Rbi Profits Listed Fy22 Net Sales
India Creates 1.46 Crore Payroll In FY22; Women's Enrolment Rises to 27%: SBI Report
2 years, 6 months ago

India Creates 1.46 Crore Payroll In FY22; Women's Enrolment Rises to 27%: SBI Report

News 18  

India created 1.46 crore payroll, including 1.38 crore through EPFO and 7.8 lakh through the National Pension System, in the financial year 2021-22 as compared with 94.7 lakh in FY21, according to a report by SBI Research. “NPS data indicates that there was an increase of 1.5 lakhs NPS in FY22 over FY21, after a steep decline in FY21,” it …

India Report Epfo Sbi Nps Fy22 Lakh Crore
Sufficient coal available in country, says Centre
2 years, 8 months ago

Sufficient coal available in country, says Centre

The Hindu  

Coal Minister Pralhad Joshi on Saturday said there is sufficient coal availability in the country as 72.50 million tonnes of dry fuel is available at different sources and 22 MT at thermal power plants. Mr. Joshi said that at present 72.50 MT of coal is available at different sources of Coal India Ltd., Singareni Collieries Company Ltd. and coal washeries …

Maharashtra Coal Centre Cil
Are People Buying More Life and Health Insurance Policies After Covid-19? Know Here
2 years, 9 months ago

Are People Buying More Life and Health Insurance Policies After Covid-19? Know Here

News 18  

After a muted show in December 2021 and January 2022 due to the third wave of the COVID-19 pandemic, life insurance companies reported impressive growth of 22.47 per cent in new business premium to Rs 27,464 crore in February, according to a report by SBI Research. “NBP of life insurers rose 22.47 per cent to Rs 27,464.76 crore in February, …

Growth Insurance Life Report Covid Policies Insurers
Cred FY21 losses widen as marketing spends grow manifold
2 years, 9 months ago

Cred FY21 losses widen as marketing spends grow manifold

Live Mint  

Credit card payment platform Cred, owned and operated by Dreamplug Technologies Pvt Ltd, reported a 45% increase in its net loss for 2020-21 as the company’s marketing expenses soared manifold during the year, according to an official document shared by the company. However, the company’s revenue from operations grew exponentially to ₹88 crore from ₹52 lakhs a year earlier, taking …

Crore Employee Regulatory Filings Fy21 Company Cred Losses Widen
Highway Projects Worth Rs 3.36 Lakh Crore Sanctioned in 3 Years Till FY21: Nitin Gadkari
2 years, 10 months ago

Highway Projects Worth Rs 3.36 Lakh Crore Sanctioned in 3 Years Till FY21: Nitin Gadkari

News 18  

The Road Transport and Highways Ministry has sanctioned highway projects of about Rs 3,36,661 crore during the three years to 2020-21, Union minister Nitin Gadkari said on Wednesday. In a written reply to the Rajya Sabha, the Road Transport and Highways Minister said that time for the completion of a project is generally kept two-three years from the date of …

Delhi Vehicles Highway 15 Years Gadkari Nct
Digit Insurance’s FY21 net loss shrinks as revenue soars over 50%
2 years, 11 months ago

Digit Insurance’s FY21 net loss shrinks as revenue soars over 50%

Live Mint  

MUMBAI: Cloud-based general insurance company Digit Insurance’s net loss shrank sharply in financial year 2020-21 following strong revenue growth during the year. The company, owned and operated by Go Digit Infoworks Services Pvt Ltd, reported a consolidated net loss of ₹58.67 crore for FY21, down from ₹193 crore loss for FY20, as per filings with the Ministry of Corporate Affairs. …

Company Crore Digit Insurance Product Digit Insurance
Govt. approves 8.5% interest rate on Employees' Provident Fund for FY21
3 years, 1 month ago

Govt. approves 8.5% interest rate on Employees' Provident Fund for FY21

The Hindu  

The government has approved 8.5% rate of interest on employees' provident fund for the 2020-21 fiscal, a source said. Just ahead of Diwali, this is a good news for over five crore subscribers of the Employees Provident Fund Organisation. The 8.5% rate of interest on provident fund deposits for the last financial year was decided by the EPFO's apex decision …

Interest Provident Fund Fund Rate Interest Rate Epfo Provident
Titan Q2 results: NET PTOFI
3 years, 1 month ago

Titan Q2 results: NET PTOFI

Live Mint  

Titan Company on Wednesday reported a consolidated net profit of ₹641 crore, a growth of 270%, for the second quarter ended 30 September, 2021. The watches-and-wearables business recorded an income of ₹687 crore with 72 per cent growth in Q2 FY22 compared to ₹400 crore in Q2 FY21. The eyewear business recorded an income of ₹160 crore with 70 per …

Company Crore Titan Net Profit Fy22 Q2 Results Quarter Compared
Centre sanctions ad-hoc bonus to employees for FY21. Check details here
3 years, 2 months ago

Centre sanctions ad-hoc bonus to employees for FY21. Check details here

Hindustan Times  

The Centre on Tuesday sanctioned the non-productivity linked, or ad hoc bonus, for its employees for 2020-21 fiscal year. The department of expenditure, which comes under the Union finance ministry, said in an office memorandum that the employees of central paramilitary forces and armed forces are also eligible for the bonus. The employees who were in service as on March …

Employees Bonus Hoc
Govt. sanctions ad hoc bonus to employees for FY21
3 years, 2 months ago

Govt. sanctions ad hoc bonus to employees for FY21

The Hindu  

The government has sanctioned non-productivity linked or ad hoc bonus for central government employees for fiscal year 2020-21. Employees who were in service as on March 31, 2021, and have rendered at least six months of continuous service during 2020-21 fiscal year would be eligible for this ad hoc bonus. Giving an illustration, the memorandum said given the calculation ceiling …

Employees Bonus Hoc
Balaji Telefilms shareholders reject Ekta Kapoor's ₹2.4 crore pay hike request: report
3 years, 3 months ago

Balaji Telefilms shareholders reject Ekta Kapoor's ₹2.4 crore pay hike request: report

Hindustan Times  

The shareholders of Balaji Telefilms have reportedly rejected the proposal to raise Ekta Kapoor and her mother, Shobha Kapoor's salaries for the upcoming year. Ekta Kapoor's salary hike resolution was rejected by the shareholders. IiAS also said, “Ekta Kapoor has a poor attendance record, having attended 50 per cent of the board meetings in FY21 and 75 per cent board …

Kapoor Ekta Ekta Kapoor Shobha Balaji Telefilms Hike Request Resolution Voting