High Court Upholds Rs 15 crore Forfeiture in Rs 1504.64 crore Project Bid Dispute

IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer

IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.

IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.

The need for fresh appro..

Malaysian Carbon Credit Auction Begins July

In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.

The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.

The auction w..

NHPC Secures ?20 Billion Loan

NHPC, India's leading hydropower company, has signed a pact with Japan Bank for International Cooperation (JBIC) for a ?20 billion loan. This agreement aims to bolster NHPC's renewable energy projects, promoting sustainable development in India.

The loan agreement was formalised in the presence of top officials from both organisations. NHPC?s Chairman and Managing Director, Mr. Abhay Kumar Singh, expressed optimism about the partnership, highlighting its potential to accelerate the company's renewable energy initiatives. The loan will be utilised for various green projects, including h..