Brands Archives - Page 101 of 148

08 Jun

Vedanta’s NCDs issue oversubscribed, Co. to repay high-cost loan saving ₹350 Cr annually

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#Vedanta #VedantaNCDsissue · Company received final bids of more than Rs. 6500 crore, indicating 60% oversubscription on the base issue of ₹4100 crores. Chandigarh: Mining Major Vedanta Ltd. plans to deploy funds from the ₹5000 crore raised through its unsecured non-convertible debenture (NCD) issue to pay-down a high-cost private credit facility of ₹3,400 crore, potentially reducing its annual interest burden by at least ₹350 crore, according to a person familiar with the matter. The remaining funds will likely be used for ongoing Capex requirements, general corporate purposes, and repayment or prepayment of existing debts, the person added. The NCD offering,…

07 Jun

New Deribative: MCX gets SEBI greenlight to launch electricity derivatives

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#MCX #SEBI #MCXSEBIelectricityderivatives #electricityderivatives #derivatives Chandigarh: India’s largest commodity exchange, MCX, has received SEBI approval to launch electricity derivatives, offering power firms and large consumers a regulated tool to hedge price volatility amid evolving energy dynamics. The Multi Commodity Exchange of India (MCX) on Friday announced it has secured approval from the Securities and Exchange Board of India (SEBI) to introduce electricity derivatives—a significant development for India's energy and commodities market. The contracts will provide power generators, distribution companies, and large industrial consumers with a transparent, regulated platform to hedge against price volatility and manage market risks more effectively. This move comes…

07 Jun

Benefit: Insurers relax health insurance norms for diabetes, heart conditions

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#Healthinsurance #Healthinsurancerelief #easedunderwritingnorms Chandigarh: Health insurance is becoming more accessible for individuals with chronic and lifestyle-related diseases, according to a Policybazaar note. Insurers have eased underwriting norms, allowing people with conditions such as diabetes, heart disease, and arthritis to secure coverage more easily. Several insurers, including Niva Bupa, Care Health, ABHI, and Star Health, now accept higher HbA1c levels for individuals with well-managed Type 2 diabetes. This change widens the scope for people who were previously denied coverage due to borderline or slightly elevated sugar levels. The Body Mass Index (BMI) cutoffs have also been revised across many plans. Overweight and mildly…

06 Jun

Mutual Funds: Canara Robeco Mutual Fund to rename three equity schemes from June 20

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#CanaraRobeco #CanaraRobecoMFrename3equityschemes Chandigarh: Canara Robeco Mutual Fund has changed the names of three of its equity schemes. The changes are effective from June 20, 2025. Here are the revised names: Canara Robeco Focused Equity Fund is now Canara Robeco Focused Fund Canara Robeco Emerging Equities Fund is now Canara Robeco Large and Mid Cap Fund Canara Robeco Bluechip Equity Fund is now Canara Robeco Large Cap Fund The fund house clarified that these are name changes only. There is no change in investment strategy, asset allocation, or risk profile of the schemes. Existing investors will not face any impact due…

06 Jun

The new MINI Countryman E John Cooper Works Pack debuts in India, Only 20 units limited Edition MINI

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#MINI #MINIIndia #CountrymanE #JCW Gurugram: MINI India announced the launch of the new MINI Countryman E John Cooper Works Pack. The car will be available as a completely built-up unit (CBU) and can exclusively be booked on the MINI Online Shop (shop.mini.in). Only 20 units of this limited edition MINI will be available for sale - deliveries will begin on 10th June 2025. The electrified third generation MINI Countryman, now with the John Cooper Works Pack combines progressive technology with sportiness of the JCW Pack, along with the basic principles of MINI body language and origins. It packs an innovative…

06 Jun

SEBI’s ESG Bond Framework, L&T announces India’s first Listed ESG Bond Deal in partnership with HSBC

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#SEBIESGBond #LandTESGBondDeal #LandTHSBC Chandigarh: Larsen & Toubro (L&T) has announced a Rs 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India’s (SEBI) newly introduced ESG and sustainability-linked bond framework. HSBC is acting as the sole lead arranger in this transaction. The issuance is compliant with SEBI’s regulatory framework announced on Thursday (5 June), which is designed to promote transparency, accountability, and alignment with international ESG standards. The framework outlines key requirements for issuers, including the disclosure of sustainability objectives, mandatory external assessments such as Second-Party Opinions (SPOs),…

06 Jun

NSE Sustainability Ratings and Analytics Ltd Launches ESG Ratings for Listed Companies

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#NSE #NSESustainabilityRatings #NSEESGRatings Chandigarh: NSE Sustainability Ratings and Analytics Ltd announces the launch of its ESG ratings for listed companies, marking a significant milestone in advancing sustainable business practices in India. NSE Sustainability focuses on assessing Environmental, Social, and Governance (ESG) performance, providing stakeholders with vital information to make informed decisions. NSE Sustainability received its certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as a Category I ESG Rating Provider (ERP). As a wholly owned subsidiary of NSE Indices Limited which in turn is a wholly owned subsidiary of National Stock Exchange of India…

06 Jun

SIF in India: Mirae Asset launches ‘Platinum SIF’ brand to offer Specialised Investment Funds for Investors

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#SIFinIndiaMirae #MiraeAsset #MiraeAssetPlatinumSIF #PlatinumSIF Mumbai: Mirae Asset Investment Managers (India) has launched Platinum SIF, a new brand under Mirae Asset Mutual Fund aimed at offering Specialised Investment Funds (SIFs). The move marks a shift in the fund house’s approach to product innovation. The company plans to introduce differentiated investment strategies across equity, hybrid, and fixed income categories within the mutual fund structure. “With Platinum, we are laying the foundation for a new phase in our product journey,” said Swarup Anand Mohanty, Vice Chairman & CEO, Mirae Asset AMC. He added that the goal is to provide sharper, strategy-led approaches while ensuring…

06 Jun

Amazon announces 400 million litre water replenishment project in New Delhi

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#Amazon #Amazon400millionlitrewaterreplenishment #AmazonNewDelhi First-ever Amazon New Delhi project benefits local communities with infrastructure rehabilitation and construction of new water-saving structures Chandigarh: Amazon is funding its first-ever water replenishment project in the Yamuna River watershed, upstream from New Delhi, tackling water scarcity and over-extraction of groundwater. This initiative adds to Amazon's growing portfolio of water conservation projects across India, which already includes major lake restoration efforts and community water solutions benefiting over 1 million people since 2020. The project is expected to replenish more than 400 million litres of water annually once completed, and will help Amazon make progress toward its…

06 Jun

Jio empowers more than 8 lakh premises with JioFiber and Jio AirFiber services across Punjab

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#Jio #JioPunjab #JioPunjab8lakhJioFiber #JioAirFiberPunjab #JioAirFiber Chandigarh: Driving digital inclusion in the vast urban and rural areas across Punjab, Reliance Jio has connected more than 8 lakh houses and business premises in the state with high-speed broadband and world class home entertainment by rapidly expanding its JioFiber and Jio AirFiber services. As per the latest data released by TRAI, Reliance Jio’s 5G FWA service - JioAirFiber is leading with a huge market share of 86 % in Punjab. JioAirFiber has around 4 lakh subscribers in the state, while its competitor, a distant second, lags far behind with only around 65 thousand subscribers…