HDFC Asset Management Co. Ltd., investment manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses, announces the launch of the HDFC NIFTY100 Low Volatility 30 Index Fund, a passively managed fund that aims to track the NIFTY100 Low Volatility 30 Total Returns Index. The new fund offering (NFO) opens on…
The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro (L&T) has won a domestic order to build a grid-connected 185MW Solar PV Plant along with a Battery Energy Storage System (BESS) having multitudes of MWh capacity. The Solar PV plant at Kajra in Lakshisarai district will be a key element in Bihar’s plans…
Waaree Energies Limited, India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 (Source: CRISIL Report), has been awarded a major contract by ACCIONA Energy’s subsidiary Juna Renewable Energy Private Limited, to supply its bifacial solar modules for the 412.5 MWp/335 MW AC project in…
ONGC and IndianOil Corporation Limited (IOCL) signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin on 17 June 2024. The establishment of the Hatta LNG plant will significantly enhance the Vindhyan Basin’s status, upgrading it from a Category II to…
With respect to Affle India Limited (“Affle”) minority investment in Talent Unlimited Online Services Private Limited (“Bobble”), Affle demands full inspection on Bobble and has secured Delhi High Court order for the same. Affle has also filed an execution petition in the Delhi High Court to enforce the full inspection rights on Bobble as per…
ZEE Entertainment Enterprises Limited (ZEEL), India’s content and entertainment powerhouse and Emirates Cricket Board have released the list of retained players for the upcoming edition of the much-anticipated truly-global cricket league – DP World International League T20 Season 3. The six franchise teams have retained a total of 69 players for tournament’s third season which…
In a significant administrative reshuffle, IAS officer Ajitabh Sharma from the 1996 batch of the Rajasthan cadre has been appointed as the Principal Secretary of Industries for the Government of Rajasthan. The state authorities announced Sharma’s appointment through a recent notification, emphasizing his extensive experience and expertise in various administrative roles. As the Principal Secretary…
Kondurkar Studio, which earned Silver and Bronze Lions alongside Early Man Films in Film Craft for Jindal Steel’s ‘The Steel of India’ campaign, asserts it is being unfairly targeted following recent press coverage of the campaign’s ideation controversy. Reports from Campaign and other outlets have highlighted the issue, which had been amicably resolved in May…
Dassault Systèmes today announced that Mahindra & Mahindra, a leader in automotive, farm and services businesses in India, is advancing its digital transformation by selecting Dassault Systèmes’ 3DEXPERIENCE platform on the cloud to accelerate its end-to-end new product development process. Mahindra & Mahindra’s strategic decision to adopt the 3DEXPERIENCE platform on the cloud for its…
Tata Communications has secured a five-year USD250 million sustainability-linked loan (SLL) from DBS Bank, ANZ and Export Development Canada (EDC). ANZ acted as the Lead Sustainability Coordinator for the loan, while DBS Bank and EDC were the Joint Sustainability Coordinators. The transaction is the first SLL for Tata Communications under the company’s new SLL framework….
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