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Wikipedia.org

A lakh (also written lac) is a unit in the Indian numbering system, widely used both in official and other contexts in Bangladesh, India, Nepal, Sri Lanka, Myanmar and Pakistan. One lakh is equal to a hundred thousand, i.e. (10 5 ). The word's use in the English language is particularly notable: In articles written for Indian audiences where the author is referring to the number 10 5 , the otherwise common expression "(a) hundred thousand" is almost never used; almost always the word lakh is used instead.

This system of measurement also introduces separators into numbers in a place that is different from that which is common in certain other number systems. For example, 30 lakh which is to say 3 million, would be written as 30,00,000 instead of 3,000,000. In this system of counting, a hundred lakhs make a crore, which is ten million.

In India, one lakh is written as 1,00,000. In most other parts of the world, the comma appears every three positions, so a lakh would usually be written as 100,000 outside India.

In India, the first comma appears after three places, but after every two places thereafter.

Examples of the Indian comma system: 12,12,12,123 5,05,000 7,00,00,00,000.

The same examples in the non-Indian system: 121,212,123 505,000 7,000,000,000

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EdServ Softsystems has opened for subscription today with an IPO of 39.7 lakh equity shares of Rs 10 each. Detailing on the IPO, S Giridharan, CEO of Edserv Softsystems, said they have a cash ...
9 months ago
moneycontrol.com
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FIIs were net sellers to the tune of Rs 914.5 crore in Nifty futures while they net buyers of Rs 721 crore in Nifty options and net bought Rs 224 crore in Stock futures.
9 months ago
moneycontrol.com
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State Bank of India announced loan waivers amounting to Rs 7000 crore on Monday.
a year ago
CNN-IBN (India)
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Mutual funds or MFs have seen sharp erosion in assets in the month of October. Total assets under management (AUM) may be down 20% or one lakh crore rupees in a month.
a year ago
moneycontrol.com
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FIIs have net sold Rs 682 crore in Nifty futures while net bought Rs 360 crore in Nifty options. Nifty June futures shed 6.5 lakh shares while July futures added 6.5 lakh shares in Open Interest (OI).
a year ago
moneycontrol.com
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FIIs net bought Rs 677 crore in Nifty futures, net buy Rs 292 crore in Nifty options. Nifty futures shed 1.6 lakh shares in Open Interest, at 18-point discount. Nifty Open Interest PCR was at 1.54 ...
a year ago
moneycontrol.com
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Stock futures added 1.5 crore shares in Open Interest. Nifty futures added 7 lakh shares in Open Interest, at 32-point discount. Nifty Open Interest PCR unchanged at 1.61.
a year ago
moneycontrol.com
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FIIs net bought Rs 909 crore in Nifty futures, net bought Rs 144 crore in Nifty options. Nifty futures added 7 lakh shares in Open Interest, at 27-point discount. Nifty Open Interest PCR was at 1.65 ...
a year ago
moneycontrol.com
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