saubhagya scheme

 

Govt to use mobile app for on-the-spot power connections

Jan 12 2018

The govt will use a mobile phone application to provide on-the-spot power connections to 4 cr families under PM Sahaj Bijli Har Ghar Yojana (Saubhagya scheme).

All villages in Bihar electrified: CM Nitish Kumar

Dec 27 2017

Nitish said all villages of Bihar were now electrified and added that every household in the state would have a free power connection by the end of the next calendar yr.

Govt plans to allow consumers to switch power service cos

Dec 03 2017

Consumers will be able to change their power suppliers just like telecom services, after proposed amendment to the existing Electricity Act is approved, Singh said.

India Markets Weekahead: Nifty in "sell on rally" mode

Oct 02 2017

Markets registered sharp losses during the week as geopolitical worries continued along with persistent selling by FIIs. Weakness in the rupee also dampened sentiment.

No free power for poor under Saubhagya; demand to rise by 24GW

Sep 27 2017

The govt said power will not be provided free of cost to any category of consumer under the recently launched Saubhagya scheme, which aims to provide electricity to all.

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Global Markets

 

Stocks In News

 

US dollar ends higher against rupee

Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

Following are the Interbank forex and RBI rates: (In Rs per unit) Unit   Interbank   RBI Reference US Dollar  64.21/22  US Dollar  Rs 63.9097 Pound Sterling  90.34/36  Euro       Rs 80.1683 Euro   80.18/20 Japanese Yen (100) 60.50/52

(PTI)

HDFC

Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors

Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share

MAHINDRA & MAHINDRA

To invest in Zoomcar India, Zoomcar Inc, U.S.

To invest Rs 176 cr in Zoomcar India

Initial investment in Zoomcar India likely to be completed by Feb 20

Additional investment in Zoomcar India expected to be completed by Aug 31

Co’s stake to increase to 16%

RELIGARE ENTERPRISES

RBI inspection had found diversion of funds within group firms

Funds to the tune of Rs 525 cr given to intermediary borrowing cos

Religare Finvest increased corporate loan book against RBI’s directions

RBI has asked for clarity on rollover of fixed deposits with a bank

Findings suggested continued weakness of internal controls

Economic Times Reports

FORTIS HEALTH

SC Allows Sale Of Fortis Health Shares Pledged With Lenders

SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis

Earlier, SC had restrained financial institutions from selling pledged shares

Business Standard Reports

INDOCO REMEDIES

Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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