Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Adani, Adani Group

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot

bonds market, currencies, currency, RBI, yield

Air India flew and LIC moved, but a big-bang PSU stake sale programme has proved to be elusive so far

Nirmala Sitharaman,

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

Banks

The government will integrate 28 new wholesale mandis (market yards) with the online trading platform eNAM, taking the total count to 1,389 in the country, Agriculture Secretary Manoj Ahuja said on Tuesday.
At present, 1,361 regulated mandis in 23 states and four Union Territories are linked with the electronic National Agriculture Market (eNAM), launched on April 26.
"To further strengthen e-NAM, 28 new mandis were approved recently for integration to take the total count of mandis to 1389," Ahuja said at a workshop here on eNAM 2.0.
He also emphasised on the importance of providing key information to the stakeholders of e-NAM at the right time.
"It is important to remove information asymmetry," he said.
Ahuja further said the information pertaining to quality of produce is as vital to the buyer, as the prices of commodities are vital to sellers.
"From an economic perspective, the whole value chain must be made efficient and wastage must be reduced," he said.
Faiz Ahmed Kidwai,

retail inflation

The company aims to reach upto 200 million homes & premises with new service

Jio, Jio logo

IndiGo on Tuesday said it has stopped serving beverages in cans onboard flights and that passengers have the option to get a complimentary glass of juice or coke on purchase of any snack, amid a former Parliamentarian complaining that one cannot buy a soft drink during a flight.
BJP member and former Rajya Sabha MP Swapan Dasgupta has complained that one cannot buy a soft drink in an IndiGo flight and said the airline must stop squeezing passengers through all sorts of extras.
Against this backdrop, an IndiGo spokesperson on Tuesday said the airline has revamped its services to provide an efficient, sustainable, and affordable snack experience.
"This initiative aligns with our commitment to Go Green, as it has saved thousands of cans from being thrown away," the spokesperson said in a statement.
The spokesperson said it has discontinued serving beverages in cans.
However, the airline did not mention from when it has discontinued serving beverages in cans onboard flights.
"I disco

indigo

Leading cement company Shree Cement said on Tuesday that it is planning to issue Non-Convertible Debentures (NCDs) worth Rs 700 crore on a private placement basis.
The company's board of directors will consider approving the issuance of NCDs on September 25.
The fundraising plan is expected to be part of the company's Rs 7,000-crore capex plan in the next phase of growth, during which it aims to add additional 12 million tonne of capacity.
The company has said it is planning to expand in Rajasthan and Maharashtra.
Recently, the company announced commercial production at Purulia in West Bengal with a three million-tonne capacity clinker cement plant at a cost of Rs 600 crore.
The company aims to cross 50 million tonne per annum capacity by 2025 and over 70 million tonne in the next few years. The current installed capacity is around 45 million tonne per annum.

Shree Cement

But analysts differ significantly with respect to individual large players

NBFCs

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

The board of the private sector lender is scheduled to meet on Friday, September 22, 2023 to consider the raising of funds by issue of equity shares / any other equity linked securities.

Karnataka Bank

As part of the partnership, Infosys will have access to NVIDIA's full-stack gen AI program and will set up a NVIDIA Centre of Excellence

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani (Photo: Infosys)

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani

The report says that judicious use of trade policy is needed to tame inflation at home without hurting farmer earnings

Farmer

The committee said 70 per cent of prisoners in Indian jails were undertrials but not released because of their inability to pay fine amounts

prison, jail, confinement

Says corrigendum notice not issued 21 days prior to AGM

Finolex cables

CCMB has already reduced the time taken for research analysis from 550 days to just nine days, or by up to 98 per cent on average, with cloud computing services, AWS said

Amazon Web Services

With softening of inflation, volume growth is finally returning and rural demand is witnessing green shoots, Procter & Gamble Hygiene and Health Care Ltd (PGHHL) said on Friday.
PGHHL, which reported a 12 per cent sales growth in FY23 and 3 per cent sales growth in the first quarter this fiscal, said FMCG consumption in the June quarter was the fastest in the last six quarters.
"Inflation is softening and volume growth is finally returning. A growth of 7.5 per cent in a quarter for the industry is great news," PGHHL Vice President Finance Gautam Kamath said in an investors' call.
This volume growth eventually unlocks capital investment and triggers a positive investment cycle.
"In another piece of good news, the rural demand is growing as well. With a quarter showing 1.4 per cent volume growth in the non-food sector in the rural economy after four quarters of significant volume decline," he added.
After a couple of years of flat volume growth, the industry as a whole is looking to

P&amp;G

At its first-ever investor day, which the company held for both its entities - PGHH and Gillette India, the firm noted that commodity prices continue to remain high

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InGovern seeks deferment of two resolutions floated by Finolex Cables

CCMB moves 83 terabytes of genomics data to AWS cloud to boost research

Volume growth returning, rural demand seeing green shoots: Procter & Gamble

PGHH is cautiously optimistic on India's FMCG sector in the near-term

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