Business

MOIL has entered into a draft joint venture agreement with Madhya Pradesh State Mining Corporation Limited (MPSMCL), at MP Mining Conclave’24 in Bhopal. This collaboration aims to advance manganese ore mining and undertake value-addition projects in the state of Madhya Pradesh. The formal signing ceremony took place in the esteemed presence of the  Chief Minister of Madhya Pradesh, Dr. Mohan Yadav, Mr. Sanjay Shukla, Principal Secretary, Government of Madhya Pradesh, Shri Ajit Kumar Saxena, CMD MOIL, and Shri M. M.…

Minister of Energy and Natural Resources of Bhutan, His Excellency Lyonpo Gem Tshering, met with the Union Minister of Power and Housing & Urban Affairs, Shri Manohar Lal, in New Delhi today. The meeting focused on strengthening the longstanding cooperation between the two nations in the hydropower sector. Key points of discussion included:             •           Puna-1 Hydroelectric Power (HEP) Project: Both sides discussed enhancing their collaboration to further boost energy production from this project.             •           Puna-2 Tariff Finalization            …

In a significant step toward empowering future generations, the Adani Foundation announced a donation of Rs 100 crore for establishing the Young India Skills University in Telangana. The announcement was made on Friday, underscoring the foundation’s commitment to contributing to educational initiatives that will shape the skills landscape of India. The donation was formalized during a meeting between Gautam Adani, Chairman of the Adani Group, and Chief Minister A. Revanth Reddy, where the Adani Foundation delegation presented the cheque. Speaking…

PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has received approval from International Financial Services Centres Authority (IFSCA) to commence business as a Finance Company in IFSC  GIFT City Gujarat. PIFIL, part of India’s largest non-banking financial company (NBFC) group, will be the first finance company in IFSC dedicated to power and infrastructure lending. PFC Infra Finance IFSC Limited aims to provide lending in India and in other countries in foreign currency,…

First time in India, Amul has launched infant formula in liquid, Ready to Feed (RTF) aseptic pack. Amulspray in Ready to Feed (RTF) pack is launched in 250 ml UHT pack, MRP Rs 25/-. It is a Ready to Feed Infant Formula available in convenient Edge Cap pack designed for ease of pouring/ drinking. The RTF pack of Amulspray offers convenience as it saves time to prepare feed multiple times during the day. More importantly, it ensures adequate nutrition to infant every…

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan-IV H-1 Power Transmission Limited to M/s Power Grid Corporation of India Limited (PGCIL) on 15th October 2024 at Gurugram. M/s Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) through Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL, the BPC (Bid…

 PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has entered into a Memorandum of Understanding (MoU) with the Central Electricity Authority (CEA) on October 14, 2024. Under this MoU, PFCCL and CEA will pool their expertise in areas including generation, transmission, and distribution projects. The MoU was signed by Shri Manoj Rana, CEO of PFCCL, and Shri Rakesh Kumar, Secretary of CEA, in the presence of Shri Rajiv Ranjan Jha, Director (Projects) of PFC, Shri…

Competition Commission of India has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance and 25.18% shareholding in Future Generali India Life Insurance by Central Bank of India. The proposed combination envisages acquisition by Central Bank of India of 24.91% equity stake in Future Generali India Insurance Company Limited (FGIICL) and 25.18% equity stake in Future Generali India Life Insurance Company Limited (FGILICL) through bid/resolution plan submitted by Central bank of India under Insolvency and Bankruptcy Board of…

Chhattisgarh Real Estate Regulatory Authority (RERA) held a joint meeting with notified bank officials and members of the builders’ association (CREDAI) at the local New Circuit House today with the aim of ensuring transparency of bank accounts in real estate projects. RERA Chairman Mr. Sanjay Shukla, Executive Director of Central Bank of India Mr. Mahendra Dohare, Zonal Manager of Punjab National Bank and officials of 28 nationalized and private banks, as well as members of CREDAI (Raipur and Bilaspur) attended…

Jaipur : Chief Minister Shri Bhajan Lal Sharma-led high-level delegation of Government of Rajasthan today participated in ‘Rising Rajasthan’ Investor Roadshow in Munich (Germany) and invited German innovators & investors to set-up units in Rajasthan on the second day of its Germany visit. Calling for investments in Rajasthan’s different sectors like automobile, ESDM, supply chain & logistics, tourism, petroleum, mines and minerals, renewable energy, defence, packaging etc., Chief Minister Shri Sharma said that his government’s efforts to make Rajasthan an…