Fintech Firms Aim to Close $530 Billion Credit Gap for MSMEs

DLF, Trident Sell Rs 23 Billion Mumbai Project in One Week

India’s largest real estate company, DLF Ltd, in partnership with Trident Realty, has sold all 416 flats in its Mumbai luxury residential project, The Westpark, for around Rs 23 billion, within a week of its launch.In a regulatory filing on Friday, DLF confirmed that the entire inventory released in Phase 1 of the Andheri West project has been sold, reflecting robust demand in the premium housing segment.Strategic Milestone for DLF“This marks a major strategic milestone for DLF as we enter Mumbai,” said Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers ..

Govt Sets New Rules for Inverter Monitoring Under Solar Scheme

The Ministry of New and Renewable Energy (MNRE) has released draft guidelines on remote monitoring systems (RMS) for inverter communication devices, dongles, and data loggers under the PM Surya Ghar: Muft Bijli Yojana. These guidelines mandate remote monitoring capabilities across all inverter types, including strict software and data storage requirements. Feedback on the draft has been invited by 31 July.The move is likely to disadvantage several local suppliers, particularly those importing white-label inverters from China and selling them under domestic brands. With MNRE targeting 1 Septemb..

Govt Tightens Solar Inverter Rules Amid China Cyber Fears

Amid rising cybersecurity concerns linked to Chinese-origin components, the Ministry of New and Renewable Energy has made it mandatory for all original equipment manufacturers (OEMs) supplying inverters under the PM Surya Ghar: Muft Bijli Yojana to connect their devices directly to national servers and software platforms managed by the ministry or an authorised agency. The implementation date will be notified separately.According to the official notification, the integration of 10 million rooftop solar systems under the scheme introduces significant challenges related to grid stability and cyb..