Dhruv Consultancy Services in association with Infinite Civil Solutions has received the LOA towards the Consultancy Services in form of providing Independent Engineer Services for Construction of Four Lane High Speed corridor of Vataman to Pipali section from Design Km 69+700 to Design Km 93+811 (Total Length: 24.111 Km) of SH 6 in the State of Gujarat on Hybrid Annuity Mode (HAM) from the office of Managing Director, Gujarat State Road Development Corporation, Gandhinagar. The contract price for the said Project will be Rs 5.70 crore excluding GST.
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) to market Sacubitril and Valsartan Tablets, 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg (USRLD: Entresto tablets). Sacubitril and valsartan combination is used to treat chronic heart failure in adults to help reduce the risk of death and hospitalization. The drug will be manufactured at the group’s formulation manufacturing facility in Moraiya, Ahmedabad (India).
State Bank of India (SBI) has raised Rs 10,000 crore at a coupon rate of 7.36% through its sixth infrastructure bond issuance. The issue attracted overwhelming response from investors with bids in excess of Rs 18,145 crore and was oversubscribed by around 3.6 times against the base issue size of Rs 5,000 crore. The total number of bids received was 120 indicating wider participation with heterogeneity of bids.
Satin Creditcare Network (SCNL) has successfully raised 15 million Euros in External Commercial Borrowing (ECB). The funding was secured from OeEB - Oesterreichische Entwicklungsbank AG - the Development Bank of Austria. The ECB has a tenure of five years, during which the funds raised will be strategically utilized to expand SCNL’s business operations and enhance micro-credit access for its customers. These efforts will be facilitated through the company's Income Generating Loan (IGL) and WASH Loan programs, both tailored to support and empower rural women entrepreneurs. Furthermore, this initiative aims to foster economic growth and elevate living standards in underserved communities.
Jindal Steel & Power (JSPL) is working on the expansion of its Angul facility in Odisha, which will achieve the 12 million tonne per annum capacity from the existing 6 MTPA next year. The company is committed to Odisha’s industrial and economic development, and it will work in partnership with the government to achieve that goal. In the next six years, the company will build the world’s largest steel plant in Angul with a capacity of 25 MTPA.
Trent’s brand – Westside has inaugurated its newest store in Faridabad with an aim to inspire fashion enthusiasts. Located at Westside, Amolik City Centre, Faridabad, Haryana, this store is spread across 22255 sq ft. With a conscious effort of making style simple for every moment, it will feature most of Westside’s brands across apparels, accessories, cosmetics and footwear- all conveniently available at one location.
IRB Infrastructure Developers reported a 35 per cent YoY increase in gross toll collection to Rs 517 crore in June.
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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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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