Business

AEL has signed agreement with Wilmar International to exit AWL Adani Enterprises Limited (AEL) is set to raise over USD 2 billion through a two-step transaction, comprising an Offer for Sale (OFS) and a sale to Wilmar. The proceeds from this transaction will be strategically deployed to accelerate AEL’s growth in core infrastructure sectors, including Energy & Utilities, Transport & Logistics, and adjacent Primary Industry businesses. This marks a significant milestone for the Adani Group, signaling its return with a…

The Reserve Bank of India has released statistical data on Money Market Operations as of December 31, 2024, highlighting a marginal increase of approximately ₹6,547 crore in cash balances held with the RBI. The cash balance as of December 31, 2024, stands at ₹9,41,167.47 crore, compared to ₹9,34,620.45 crore on the same date in the previous year (December 31, 2023). Implications The rise in cash balances indicates an excess of liquidity in the economy, prompting the RBI to consider raising…

On New Year’s Day 2025, Shri Pradip Kumar Das, Chairman and Managing Director, Indian Renewable Energy Development Agency Ltd. (IREDA), addressed all employees via video conferencing. Dr. Bijay Kumar Mohanty, Director (Finance), Shri Ajay Kumar Sahani, Chief Vigilance Officer, and other senior officials were also present. Shri Das emphasized IREDA’s untiring commitment to renewable energy financing. He highlighted IREDA’s leadership in driving market innovations, by offering first-to-market support for Green Ammonia, and Pumped Storage Hydropower projects as well as de-centralized…

Steel Authority of India Limited (SAIL) has earned the prestigious ‘Great Place to Work’ certification for January 2025 to January 2026, awarded by the Great Place to Work Institute, India. This marks the second consecutive certification for SAIL, having first been certified for December 2023 to December 2024. This consecutive global recognition highlights the company’s innovative HR initiatives including the Work Other than Workplace (WoW) scheme, flexible timings for city-based employees, self-paced learning through LinkedIn Learning Hub and E-Pathshala, high-end…

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan IV 4B Power Transmission Limited to Dineshchandra R. Agrawal Infracon Private Limited on 30th December, 2024 at Gurugram.  Dineshchandra R. Agrawal Infracon Private Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development…

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan IV 4A Power Transmission Limited to Power Grid Corporation of India Limited on 30th December, 2024 at Gurugram.  Power Grid Corporation of India Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for…

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Indo-Tibetan Border Police (ITBP) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 2.92 Cr. for the procurement of medical equipment/items in the field hospitals of ITBP (Indo-Tibetan Border Police), Ministry of Home Affairs for the benefit of the force personnel, their families, dependents, Ex-CAPF & civilian population at Leh (2 nos.), Narayanpur…

Dr. Sandip Shah, an eminent medical professional and visionary leader, has been appointed as the Chairperson of the National Accreditation Board for Testing and Calibration Laboratories (NABL), a constituent board of the Quality Council of India (QCI). NABL works to improve the quality of testing and calibration services, ensuring trust in the products and services used by consumers, businesses, and regulators.  Dr. Shah, a Gold Medalist in MD Pathology and Bacteriology from B.J. Medical College, Ahmedabad, has an extensive academic…

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Sevarth Sansthan Seth Bimal Kumar Jain Trauma & Physiotherapy Dharmarth Samiti (SSB) under its Corporate Social Responsibility (CSR) initiative to provide financial assistance of Rs. 14 crore for the procurement of Linear Accelerator (LINAC) machine in Trauma Centre established by SSB in Firozabad District of Uttar Pradesh. The agreement was signed on 27th December 2024 by Shri Pradeep…

Ahmedabad : Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated transport utility, is proud to announce its latest order for eight state-of-the-art harbor tugs, to be constructed by Cochin Shipyard Ltd. This initiative aligns with the Government of India’s Make in India and Aatmanirbhar Bharat initiatives by fostering local manufacturing and advancing self-reliance in the maritime sector. The total contract value is approximately INR 450 crore, and delivery of these tugs is scheduled to commence in December…