Reliance New Energy Solar (RNESL), a wholly owned subsidiary of Reliance Industries, has signed definitive agreements to acquire 100% shareholding in Faradion (Faradion) for an enterprise value of GBP 100 Million. In addition, RNESL will also invest GBP 25 million as growth capital to accelerate commercial roll out.
Time Technoplast has received a prestigious single order from renowned Public Sector Gas Distribution Company for supply of Cascades with Carbon Fiber Reinforced Type-IV Composite Cylinder. This order is in addition to earlier order booking of Rs 150 crore (approx.)
State Bank of India (SBI) will acquire about 10 per cent stake in the India International Clearing Corporation (IICC). IICC is the first international clearing corporation set up at GIFT-IFSC that acts as a central counterparty providing clearing and settlement and risk management services. It clears and settles index and single stock derivatives, currency derivatives and debt securities. The strategic investment in IICC is aimed at strengthening the financial markets infrastructure.
Adani Total Gas (ATGL) has launched a new green initiative that targets afforestation, outreach to millennials, and energy audits. Titled Greenmosphere, this ATGL initiative will drive mass tree plantation programmes, spread awareness about climate change among the young, and encourage sustainable energy practices through energy audits. Greenmosphere aims at green technology, afforestation and energy audit.
Panache Digilife has signed distribution agreement with Mobileye Vision Technologies for their driver assistance-based products. Mobileye is a global leader in the development of vision technology for Advanced Driver Assistance Systems (ADAS) and autonomous driving and is based in Israel.
NTPC’s clean energy arm -- NTPC Renewable Energy (NREL) is all set to float a global engineering procurement and construction tender to set up a 3GW renewable energy project with a battery storage system worth around Rs 15,000 crore by February 2022. NREL currently has a renewable project portfolio of 3,850 GW, of which, 970 MW projects are under construction and 2,880 MW projects have been won and are in different phases of implementation.
Paisabazaar.com, India’s largest digital marketplace for consumer credit, has strengthened its partnership with Axis Bank, India's third largest private sector bank, by launching a Pre-Qualified Program for unsecured loans on its platform. The Pre-Qualified program on Paisabazaar.com entails deep technology and analytics collaboration with Banks and NBFCs, which enables select customers to view customized and pre-qualified lending offers on the fintech's platform.
| Company Name | CMP |
|---|---|
| SBI | 817.85 |
| Bank Of Baroda | 261.25 |
| PNB | 125.05 |
| Canara Bank | 113.80 |
| Union Bank Of India | 139.15 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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