New Delhi- REC Limited, a Maharatna Central Public Sector Enterprise under the administrative control of Ministry of Power and a leading NBFC, has achieved an ‘Excellent’ MoU Rating for the financial year 2024–25, signed with the Holding company (i.e. Power Finance Corporation Limited). This rating is awarded by Department of Public Enterprises (“DPE”), Ministry of…
New Delhi : Union Minister of Commerce & Industry Piyush Goyal has said that India will work towards strengthening trade and investment ties with Mexico, highlighting the strong potential for deeper cooperation between the two countries. Goyal held a discussion with Francisco Cervantes, President of the Business Coordination Council of Mexico, focusing on ways to…
New Delhi- Led by the industrial and warehousing segment, the institutional investments in Indian real estate touched $6.5 billion inflows in 2024, a substantial 22 per cent increase from the previous year’s $5.4 billion, according to a report on Monday. Overall, at $4.3 billion, foreign inflows continued to drive annual real estate investments at 66…
Gurugram- REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹54,692 crore, up 17.98% year-on-year for the Quarter ended December 31, 2024. The quantum of renewable energy loan disbursements grew 58.09% year-on-year to ₹6,314 crore in the corresponding period. For 9-months (Q1-Q3) FY24-25, REC disbursed total…
Seoul- South Korea’s industry ministry said on Wednesday the country plans to implement eased regulations for hydrogen charging stations next year in line with efforts to support the sector’s ecosystem. The set of new rules is reflected in the revised high-pressure gas safety control act, which will be implemented in May, focusing on lowering barriers…
New Delhi- Retail sales of vehicles across categories in India grew by 11.21 per cent to 32,08,719 units in November, as compared to 28,85,317 units in the same month last year riding on surging two-wheeler demand, according to figures compiled by the Federation of Automobile Dealers Associations. Retail sales of two-wheelers rose to 26,15,953 units…
New Delhi- REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over the project specific SPV (Special Purpose Vehicle). viz, ERES-XXXIX Power Transmission Limited to Tata Power Company Limited on 14th November, 2024 at Gurugram. The Tata Power Company Limited emerged as…
New Delhi : Union Minister for Finance and Corporate Affairs Nirmala Sitharaman has launched the National MSME Cluster Outreach Programme, organised jointly by the Department of Financial Services (DFS), Ministry of Finance, Government of India, and Small Industries Development Bank of India (SIDBI). The launch took place on Saturday. Around 150 MSME Clusters were connected…
New Delhi- As India is poised to see a surge in energy demand than any other country over the next decade owing to its sheer size and scale of rising demand from all sectors, the country’s power transmission sector is set for significant growth due to ambitious renewable energy targets. The Central Electricity Authority expects…
New Delhi : Maruti Suzuki India reported its highest-ever monthly sales volume at 206,434 units. Total sales in the month include domestic sales of 163,130 units, sales to other original equipment manufacturers (OEMs) of 10,136 units and the highest-ever monthly exports of 33,168 units. Festival season and on top of that the deep discounts offered…
