Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on August 22, 2024 acquired Sirohi Transmission, the Project SPV to establish ‘Transmission System for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/ Barmer Complex): Part B’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – PFC Consulting. The project comprises establishment of new 765/400 kV sub-station near Sirohi in Rajasthan, 765kV & 400kV D/C Transmission Lines and associated bays extension works at existing substation in the state of Rajasthan.
Bharat Forge has received approval for additional investment in Kalyani Powertrain (KPTL). KPTL is engaged in the EV and e-mobility solutions space. Accordingly, the proposed investment by the company in KPTL is towards the strategic initiatives of the company to house all the e-mobility initiatives of the company under KPTL. The investment will be completed on or before September 30, 2024. The ‘Investment Committee - Strategic Business’ of the Company has, at its meeting held on August 22, 2024, has approved the same.
Bharat Electronics (BEL) has secured orders worth Rs 695 crore. Major orders comprise of Combat Management System, Communication equipment, Stabilized Optronic Pedestal, Upgrades, Spares, Services etc. With these, BEL has now accumulated orders totalling Rs 5920 crore in the current financial year.
Wipro has been selected by the John Lewis Partnership (JLP) to transform and modernize the firm’s IT infrastructure. The transformation project will help the UK retailer advance its industry leadership and future-proof its business to drive ongoing, sustainable growth. As part of this engagement, Wipro FullStride Cloud will extend JLP’s current cloud infrastructure, Network and End user services for another four years.
Lemon Tree Hotels has signed new property in Shivpuri, Madhya Pradesh. The property shall be franchised by Lemon Tree Hotels and is expected to open in FY26. Shivpuri, a picturesque town in Madhya Pradesh, India, is renowned for its natural beauty and historical significance. Nestled amidst lush green forests and serene lakes, Shivpuri was once the summer capital of the Scindia dynasty. The town boasts a rich cultural heritage, with its ancient temples, forts, and palaces serving as testaments to its glorious past. Shivpuri also offers a variety of outdoor activities, including wildlife safaris, trekking, and boating, making it a popular destination for nature enthusiasts and adventure seekers.
BN Holdings’ wholly-owned subsidiary -- BN Holdings Europe has incorporated its wholly-owned subsidiary (WOS) at Liberia on August 19, 2024. The subsidiary is a corporation with shares and named as BNPB Industries Liberia Corporation (BNPB Industries). The company’s arm has incorporated its wholly-owned subsidiary for expansion of business of edible oil, palm oil, seed and related business in the overseas market.
Muthoot Microfin has forayed into Andhra Pradesh with the opening of its first branch at Chodavaram. With the new branch, Muthoot Microfin has expanded its network to 20 states serving over 3.4 million customers. With this expansion, it aims to bring its expertise in micro-lending to Andhra Pradesh, fostering economic growth and development in the state.
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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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