KIADB to issue preliminary notice for acquirement of properties

Jio and Allianz to Launch Reinsurance Joint Venture

Jio Financial Services (JFSL) and Allianz Group, through its wholly owned subsidiary Allianz Europe B.V., have entered into a binding agreement to form a 50:50 joint venture in the domestic reinsurance sector. The new entity aims to cater to India’s growing and evolving insurance market.The partnership will combine JFSL’s strong digital infrastructure and local market expertise with Allianz’s global reinsurance capabilities and underwriting proficiency. The joint venture will draw upon Allianz’s existing presence in India through Allianz Re and Allianz Commercial, as well as its global..

Arunachal’s Hydro Corp Earns Carbon Credits Milestone

The Hydro Power Development Corporation of Arunachal Pradesh (HPDCAPL) has received verified carbon credits for its 3 MW Zemithang hydro project in Tawang, making it the Northeast’s first in the voluntary carbon market.The Universal Carbon Registry issued credits for FY 2022–23, with the project having generated 16,326 tonne so far and targeting 97,783 tonne by 2028.The plant uses 1.5 MW pelton turbines and remains HPDCAPL’s only commissioned project. The initiative supports India’s net-zero goal by 2070.CMD Toko Onuj is steering HPDCAPL towards becoming a green energy and carbon tradi..

Chandigarh Power Infra to Be Upgraded

Chandigarh Power Distribution Limited (CPDL) has announced plans to invest Rs 9.56 billion over five years to modernise the city’s ageing electricity network.Over 50 per cent of existing infrastructure is outdated, leading to frequent breakdowns. CPDL proposes tariff revisions to fund upgrades including new transformers, underground cabling, smart meters, and customer care centres.The Capital Expenditure (CAPEX) plan has been submitted to the Joint Electricity Regulatory Commission for approval.To improve communication, CPDL has also launched a KYC update drive for consumers. ..