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SJVN Ltd on Thursday said it has bagged a 100 MW solar project under an e-reverse auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL). SJVN bagged the 100 MW solar project at the rate of Rs 2.54/unit on a build-own and operate basis through a tariff-based competitive bidding process of GUVNL Phase XXI, a company statement said.

Piramal Capital & Housing Finance’s plea to initiate a corporate insolvency resolution process against Edweena Real Estate after the company defaulted on its dues of more than Rs 1,065 crore. The Mumbai bench of the National Company Law Tribunal has also appointed Jayesh Natvarlal Sanghrajka as the resolution professional for the company. The total default includes the principal amount of Rs 499 crore and the outstanding interest thereon as of March 2023 of over Rs 395 crore, along with default interest and additional interest of more than Rs 169 crore. In May 2016, original lender Dewan Housing Finance Corporation (DHFL) sanctioned a loan worth Rs 500 crore to Edweena Real Estate. Of this, Rs 499 crore was disbursed by the financial creditor to date in multiple tranches. The said loan was secured by various securities and instruments, such as a deed of hypothecation of receivables and demand promissory note, a deed of simple mortgage, and an escrow agreement. As per the loan agreement, any default in payment of interest or principal for two consecutive months would be construed as an event of default, and the entire loan would be due and payable.

ruling BJP, were “beaten up” and “compelled” to take an oath by radical armed Meitei group, Arambai Tenggol, at Kangla Fort in Imphal. Congress leader Jairam Ramesh stated in X, «The Indian National Congress strongly condemns the brutal physical assault on Manipur PCC President K.

state-run insurer Life Insurance Corporation of India's (LIC) application to acquire a 9.99% aggregate holding of paid-up share capital in HDFC Bank. «Pursuant to Regulation 30 of the SEBI Listing Regulations, we would like to inform you that the Reserve Bank of India (“RBI”) vide its letter dated January 25, 2024, addressed to Life Insurance Corporation of India (“LIC”), has accorded its approval to LIC for acquiring aggregate holding up to 9.99% of the paid-up share capital or voting rights of HDFC Bank Limited,» the insurance company said in an exchange filing.

₹825 crore, in the first big land transaction this year. The company plans to develop a housing project on this land, offering 7.5 million sq ft of saleable area. A key part of this transaction involved DLF settling Ireo’s outstanding loan of ₹825 crore.

Introduction

In the final quarter of 2023, Apple's (NASDAQ:AAPL) smartphone shipments in China declined by 2.1%, as per data from research firm IDC, citing increased competition from local rivals led by Huawei.

best bicycle for women, where we break down the features, styles, and unique qualities that make each bike stand out. Let's redefine your cycling experience with a touch of pink, blending functionality with a splash of personality. Get ready to pedal your way to empowerment with our top 10 picks in pink – because the best ride is not just about the destination; it's about the journey, and it starts with the perfect bicycle.

₹250 crore defence ministry contract to produce 96 Specialist Mobility Vehicles (SMVs), branded as ATOR N1200. These vehicles are currently being manufactured in Chandigarh, with delivery commitments for June 2024.

Binance founder Changpeng “CZ” Zhao’s request to travel from the US to the United Arab Emirates (UAE) for personal reasons has been denied by a US federal judge, a recent court filing has revealed.

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Crypto venture capital (VC) funding dropped 70% in 2023, securing only about $10b in deal value.

It’s indisputable that something needs to be done to fix the Social Security system’s underfunding problem, and a pair of ideologically opposed academics suggest eliminating the tax preferences for 401(k)s and individual retirement accounts as solution.

Polygon Labs plans to release “AggLayer,” a new blockchain aggregation layer, in February. This development aims to enhance interoperability across blockchain platforms.

Virtual asset trading platform Bixin has applied for a virtual asset trading platform license with Hong Kong Securities Futures Commission. So far, 13 crypto firms have applied for the similar license with the Hong Kong regulator.

Project Hertha will explore how network analytics could help identify financial crime patterns utilising a minimum set of data points.The project will map current and emerging financial crime typologies in real-time payment systems, drawing upon lessons from instant payment systems and digital asset networks. It will also build a synthetic dataset to test how the typologies could be identified accurately while reducing false positives.The project takes its name from the pioneering British scientist, prolific inventor, and suffragette Hertha Ayrton.

real estate developer DLF has acquired 29-acre land in Golf Course Extension Gurgaon for Rs 825 crore with a development potential of 7.5 million sq ft. The developer, who has huge land bank in the region, has done the acquisition after many years. According to the regulatory filing by the company, it has entered into an agreement with Standard Chartered Bank, Singapore Branch, DB International (Asia) Limited, Singapore and Deutsche Investments India Private Limited for purchase of privately placed, listed, secured, non-convertible, redeemable bonds of face value of Rs 600 crore on which the bond issuer has defaulted in repayment of the said bonds including accrued interest thereon.

Budget 2024 expectations: In anticipation of the upcoming Interim Budget 2024, Muthoot Finance highlights the importance of granting 'priority sector status' to gold loans and proposes the introduction of a 'Gold linked credit line via UPI' by NBFCs. George Alexander Muthoot, Managing Director of Muthoot Finance, in an email interview with Mint, has outlined key recommendations to leverage the idle gold holdings in Indian households.

There’s no denying the fact that India's tourism industry is on a boom. With conversations shifting toward sustainability in travel, everyone is seeking a responsible and cost- effective travel experience. People want to make smart travel choices, and hence, they opt for travel credit cards. A travel credit card offers you discounts, reward points and cashback on your travel expenses. It also provides you with other benefits like lounge access and travel insurance.

NATO defence chiefs' meeting drew to a close, NATO Military Committee Chairman Admiral Robert Bauer outlined the steps he believed households within the alliance should already be taking in the event of war. «You need to have water, you need to have a radio on batteries and you need to have a flashlight on batteries to make sure that you can survive the first 36 hours,» he said, adding that in any major conflict member nations might need to introduce conscription to keep their militaries in the fight. The shifting «tectonic plates of power», he warned, were producing the most dangerous world in decades – and risks that could only be tackled by the private sector, industry and governments together to deliver greater resilience. «We need public and private actors to change their mindset from an era in which everything was plannable, foreseeable, controllable, focused on efficiency… to an era in which anything can happen at any time,» Bauer said. «An era in which we need to expect the unexpected.» Alongside what now appears to be an ongoing U.S.-UK military campaign in Yemen, the first weeks of 2024 have brought a much greater focus on the mounting risk of war in both Europe and the Pacific – as well as an awareness that the U.S.

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