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Sunkind on Monday announced securing a solar energy project of 10.4 MW capacity from the government of Maharashtra. The project has been awarded by Maharashtra State Power Generation Company Limited (Mahagenco) under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY 2.0 scheme), the renewable energy player said in a statement. The project specifically includes a 10.4 MWp capacity ground-mounted solar PV technology grid interactive distributed agriculture feeder solarization system, to be implemented at Satmane, Nashik. Sunkind, as the EPC contractor, will provide wide-ranging installation services for the entire solar power system, with the final ownership to be transferred to Mahagenco.

Nagaraju on Monday asked banks to carry out fresh KYC (know your customer) process for Jan Dhan accounts which are due for updation. The PMJDY was launched in 2014 and approximately 10.5 crore PMJDY accounts were opened in mission mode during the period from August, 2014 to December 2014. These PMJDY accounts are becoming due for periodic updation or re-KYC now after 10 years. Nagaraju chaired a meeting with all stakeholders for carrying out fresh Know Your Customer (re-KYC) process for the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders, the finance ministry said in a statement. During the meeting, Nagaraju suggested using all means for doing re-KYC — such as fingerprints, face recognition, taking declarations where no change in KYC documents occurred — through all channels like ATM, mobile banking, internet banking, and other available digital channels.

Sanjiv Khanna heard 45 cases on his first day as the 51st Chief Justice of India (CJI), and thanked lawyers and bar leaders for wishing him well. CJI Khanna entered the hallowed CJI's courtroom around noon after being sworn by President Droupadi Murmu in a brief ceremony at the Rashtrapati Bhavan. He received a rousing welcome by the bar leaders, lawyers including former attorney general and senior advocate Mukul Rohatgi. «I wish you a fruitful tenure as the CJI,» wished Rohatgi.

direct tax collection grew 15.4 per cent year on year to Rs 12.1 lakh crore during the period April 1-November 10. Direct taxes include corporate and personal tax. It grew over 21 per cent to Rs 15 lakh crore on a gross basis during the period, a statement issued by the income tax department said. The government said it had issued tax refunds of Rs 2.9 lakh crore.

Indian Tea Association at the annual general meeting of the association. The tea industry in Assam and Bengal, as of September 2024, has experienced a notable crop decline of 63 million kilograms as per available Tea Board data. This situation has neutralized the marginal gains in the domestic prices. Bangur, highlighted the change in the production structure, with small tea growers and the organized sector coexisting in a competitive landscape. He emphasized the importance of creating a level playing field, advocating for the organized sector to be relieved of certain welfare obligations.

Keystone Realtors, which operates under the brand Rustomjee, is confident of exceeding its guidance of Rs 4,000 core for project additions during the current financial year 2024-25 in the backdrop of a robust deal pipeline, said a top company official. The listed company has added 3 new projects with a total gross development value (GDV) of over Rs 1,333 crore in the quarter ended September taking it to over Rs 2,300 crore in the first half of the financial year. Apart from these projects in the redevelopment space, the company has also forayed into the fast-growing market for plotted developments with the acquisition of an 88-acre plot in Kasara near Mumbai.

Reserve Bank of India (RBI), which was set up in 1935, completed 90 years in April this year. Star India Private Limited, Viacom 18, Zee Entertainment Network Limited and Discovery Communications India were in the fray for «Production and distribution of Web Series Commemorating 90 years of RBI» after the central bank floated a Request for Proposal (RFP) in July. While Zee Entertainment Network and Discovery Communications India did not qualify beyond the technical evaluation round, Star India Pvt Ltd and Viacom 18 made it to the final round.

foreign direct investment (FDI) if the entity breaches the prescribed limit. Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis. Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclassifying such holdings as FDI subject to the conditions specified by the RBI and Sebi within five trading days from the date of settlement of the trades causing the breach. The RBI has issued an operational framework for reclassification of foreign portfolio investment by FPI to FDI.

Mohanlal’s son Pranav seems to have decided that he is drawn to the robust farm life rather than the glitz of showbiz. As per a Manorama report, the veteran actor’s son is currently in Spain, spending time farming. The ‘Iruvar’ star’s wife, Suchitra, told the magazine that even though she is hearing some scripts every year, her son is currently preoccupied with things other than movies. Suchitra shared that Pranav is currently involved in a 'Work Away' program on a farm in Spain, where he works in exchange for food and accommodation rather than money. She explained that Pranav values these kinds of experiences more than financial rewards and is currently taking on tasks like caring for horses and goats. «Although people, including his cousins, often say that Pranav only listens to me, I don’t think that’s entirely true,» Suchitra said. «He has his own ideas—he’s not stubborn, but he follows what he believes is right.»

Sterlite Power on Monday said it received orders worth around Rs 1,200 crore across its Global Products and Services (GPS) business in September quarter. Its GPS business focuses on sustainable products, and specialized Engineering, Procurement, and Construction (EPC) services. The cumulative order win in April-September FY25 is Rs 2,700 crore, it said. In September quarter, it bagged new orders totalling Rs 800 crore for high-performance conductors and Optical Ground Wire (OPGW) products. In the domestic segment, the major orders were towards supply of conductors for green energy transmission projects including Angul-Paradeep, Yalwar, and Runija-Indore transmission lines. The export segment saw order wins for high-performance green products from the US, the European Union, Africa, and the Middle East. The company also received India's first 144-fiber count OPGW cable order from a state utility.

Alembic Pharmaceuticals Ltd on Monday said it has received final approval from the US health regulator for its generic Diltiazem Hydrochloride extended-release capsules indicated for the treatment of hypertension. The approval by the US Food & Drug Administration (USFDA) for the abbreviated new drug application (ANDA) for Diltiazem Hydrochloride Extended-Release Capsules of strengths 120 mg, 180 mg, 240 mg, 300 mg, and 360 mg, Alembic Pharmaceuticals Ltd (Alembic) said in a statement. These capsules are indicated for the treatment of hypertension. These capsules may be used alone or in combination with other antihypertensive medications. Moreover, Diltiazem Hydrochloride is also indicated for the management of chronic stable angina and angina due to coronary artery spasm, the company said.

TA Associates will acquire the Bengaluru- and US-based revenue cycle management (RCM) services provider Vee Healthtek for $250 million (about ₹2,100 crore), said sources aware of the development. TA will own a significant majority stake, while the promoter — Chennai-based Valliappa family — will retain a minority stake, added sources. Vee Healthtek, owned by South India-based Sona Group, provides a range of services, including revenue cycle management, professional billing, and IT services to hospitals, health systems, pharmaceutical companies, and physician groups globally. The company boasts a workforce of 5,000 employees worldwide, and is expected to post $100 million in revenue in FY25.

Net profit after minority interest declined to Rs 694.60 crores in Jul-Sep from Rs 1,205.40 crores during the corresponding period a year ago. Consolidated net sales decreased by 5.3% to Rs 8,003.0 crores from Rs 8,451.9 crores. “Domestic decorative coatings segment volumes declined marginally while overall domestic coatings revenue declined by 5.5% for the quarter impacted by muted consumer sentiments and extended rains and floods in some parts of the country,” said Amit Syngle, Managing Director & CEO of Asian Paints.

The retirement fund body witnessed an increase of 55.4% in realizing arrear dues (Rs 5268 crore vis-a-vis Rs 3390 crore) over the previous year and an increase of 7.8% in the number of claims settled over the previous year at 44.5 million as compared to 41.2 million). Labour secretary Sumita Dawra-led executive committee of the central board of trustees of EPFO deliberated and approved the draft annual report for 2023-24 at its 109th meeting held on Friday, the ministry of labour and employment said in a statement issued on Sunday.

Vistara merger over different retirement age limits for pilots of the two Tata Group-owned airlines as the management is yet to address the issue, according to sources. At Air India, which was owned by the government since the 1950s and came into the Tata fold in 2022, the retirement age for pilots and other staff is 58 years, whereas at Vistara it is 60 years. Vistara — jointly owned by Tata Group and Singapore Airlines — is set to be merged with Air India on November 11 as part of the salt-to-steel conglomerate's consolidation of its aviation business. The sources said resentment is brewing among a section of Air India pilots as the management is yet to formulate a common superannuation age for the integrated entity.

Adani Thiruvananthapuram International Airport Ltd is not a 'transfer of business', but supply of services and hence is liable to GST, the Kerala-bench of the GST Authority for Advance Ruling (AAR) has said. The Kerala AAR ruling is contrary to the rulings passed by the Rajasthan and Gujarat Appellate Authority for Advance Ruling (AAAR) in the case of transfer of Jaipur and Ahmedabad airports and Uttar Pradesh AAR in the case of Chaudhary Charan Singh International Airport in Lucknow. These authorities had exempted such transfers from goods and services tax (GST). The Airports Authority of India (AAI) in its application before the AAR said it has entered into a concessionaire agreement with Adani Thiruvananthapuram International Airport Ltd for the operation, management, and development of the airport for 50 years. The AAI sought rulings from the AAR on a set of queries, including whether the agreement involves transfer of business and whether such a transfer would be treated as 'supply as going concern' and be exempt from GST.

India Infrastructure Finance Company Ltd (IIFCL) is planning to set up a subsidiary to issue asset-backed securities (ABS) or covered bonds, as it aims to securitise its assets and conserve capital for further business growth. «We are almost reaching the threshold of asset size and loan book that we should have, and we may not really look at the quantum jump in asset size or loan book size. We may have a separate vertical to securitise our own assets,» IIFCL MD PR Jaishankar told PTI. «We will try to grow our assets and generate more assets with the help of the existing assets instead of taking more liabilities...the idea is that assets should beget assets incrementally. That will save the capital that will help our cost of funds go down, our profitability going up, and that will help improve our viability and quality of assets.» The idea is to hive off part of our assets, he said, adding, «We will maintain a threshold, and we will focus on increasing the sanctions and disbursements more as compared to growing the asset size or loan book size».

Hindustan Zinc Ltd by selling about 1.6 per cent stake. Through the two-day OFS on November 6-7, the government had proposed to sell over 5.28 crore shares, or 1.25 per cent stake, with a greenshoe option to retain additional subscriptions of a similar amount. As per the official data, the government has raised Rs 3,449.18 crore from the OFS. On the first day of the share sale offer on November 6, the institutional investors had placed bids for close to Rs 3,400 crore shares or about 1.58 per cent stake.

Vedanta's aluminium and zinc production volumes have reached record levels. «In the near future, we are aiming to double the production levels at our subsidiary, Hindustan Zinc Ltd, increase oil production at Cairn Oil & Gas to 3 lakh barrels of oil equivalent per day, and increase the capacity at our aluminium smelter to 3 million tonnes per annum,» he said.

MTV Europe Music Awards (MTV EMAs) is set to mark its 30th anniversary with a star-studded evening, celebrating three decades of musical excellence.