PCMC Raises Rs 2 bn Via Maharashtra’s First Green Municipal Bond
Describing it as a landmark achievement, the Pimpri Chinchwad Municipal Corporation (PCMC) announced on Tuesday that it successfully raised Rs 2 billion through Maharashtra’s first Green Municipal Bond, drawing an overwhelming response from investors.The bond issue, launched on the BSE’s Electronic Bidding Platform via private placement, attracted bids totalling Rs 5.13 billion —more than five times the initial offer. The base issue of Rs 1 billion was fully subscribed within just one minute of opening, reflecting strong investor confidence, the civic administration said.Offered at a com..
Modi Launches Rs 460B Projects, Flags Off First Direct Train to Kashmir
Prime Minister Narendra Modi will lay the foundation stone, inaugurate, and dedicate multiple development projects worth over Rs 460 billion in the holy town of Katra, the base camp of the Shri Mata Vaishno Devi Ji shrine, on Friday. This comes as he flags off the first-ever direct train to Kashmir, ending years of wait for seamless rail connectivity to the Valley.Modi will launch two Vande Bharat Express trains running between Shri Mata Vaishno Devi Katra and Srinagar on 6 June from Katra Railway Station. According to an official statement released ahead of the Prime Minister’s first visit ..
NCLAT Rejects Stay On Asset Freeze Order Against Gensol Group
The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to stay the National Company Law Tribunal’s (NCLT) order to freeze the assets of Gensol, its promoters, and associated entities.The appellate tribunal directed two Gensol Group companies—BluSmart Premium Feet and Matrix Gas and Renewable—to approach the Ahmedabad bench of the NCLT with their plea. The matter is scheduled for hearing on June 12.The asset freeze order was initially passed by a vacation bench of the NCLT on 28 May, following a petition filed by the Ministry of Corporate Affairs (MCA). The order covered..
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