FINANCE TODAY

  Seasoned executive to turn founder to revolutionize wealth management with elite team and institutional backing Marking a bold leap from corporate leadership to entrepreneurship, fintech industry veteran Prabhakar Tiwari, a renowned name in the digital broking experience with previous experience in leading discount brokers, is close to launch of his new WealthTech venture, Project Drone, with Share India Securities (NSE: SHAREINDIA, BSE: 540725) as strategic partner, which is in process of obtaining relevant approvals. This new venture marks Tiwari’s transition from accomplished fintech executive to startup founder in this space, bringing his extensive experience in driving digital transformation and customer-centric innovation to the forefront of wealth management. Project Drone aims to bridge critical gaps in India’s wealth management ecosystem by offering intelligent, technology-led solutions tailored for emerging and mass affluent Indians, especially across Tier 2, 3, and 4 c...

Mohit Kamboj is a visionary leader, entrepreneur, and philanthropist dedicated to progress, unity, and transformative change across India by Samiksha  In a landmark move reaffirming its commitment to inclusive and transparent governance, the Maharashtra Government, under the leadership of Chief Minister Devendra Fadnavis, has released the Good Governance Index, a comprehensive report evaluating the performance of districts and departments across the state. This announcement underlines the administration’s broader objective of enhancing the ease of living for every citizen and creating a more responsive and responsible public service framework. Governance, at its core, is defined as the process whereby elements in society wield power and authority, and influence and enact policies and decisions concerning public life, economic and social development. Good governance, therefore, is not merely an administrative ideal but the foundation of a stable, prosperous, and equitable society. W...

by Samiksha Siddharthnagar, Uttar Pradesh :  Shri Manohar Lal, Hon'ble Minister of Power &  Minister of Housing and Urban Affairs,  laid the foundation stone for a state-of-the-art 1000-seater Community Auditorium, in  Siddharth Nagar, Uttar Pradesh. The  Auditorium is being jointly funded by REC, PFC and NTPC. REC Limited, a Maharatna CPSU and a leading NBFC under the Ministry of Power, has agreed to support ₹7.02 Crore under its Corporate Social Responsibility (CSR) initiative. The foundation stone-laying ceremony was attended by the Executive Director (CSR) of REC Limited and other senior officials, alongside enthusiastic local residents who expressed optimism about the project’s potential to energize the district’s cultural landscape. The construction of this 1000-seater auditorium is expected to be completed within a stipulated time frame, ensuring that the district soon benefits from a modern, inclusive space for artistic and cultural expression. ...

by Samiksha Building on the expansion of its lifestyle portfolio, the collection targets the Gen Z cohort seeking a blend of style and functionality National,June 2025:  Jockey, the brand known for innerwear, sleepwear, and athleisure, today  announced the launch of its latest JKY  Groove TM    collection, a style-forward athleisure range for young adults aged 18 to 24. Available exclusively in 52 Jockey exclusive stores across India and company’s website –  www.jockey.in ,  Groove  is designed to appeal to the tastes of a fashion-forward, comfort-seeking, and socially active audience, bringing a youthful energy to Jockey’s offerings. The JKY Groove TM  collection captures the vibrant spirit of Gen Z with trend-driven designs that prioritize both style and ease. Infused with Jockey’s signature comfort, Groove offers a fresh take on athleisure, empowering young adults to express their unique identity with confidence. “ At Jockey, we aim to kee...

by Samiksha The bank enhances affordability towards higher education at 860 premier Indian institutions  Mumbai, 03 June:  Punjab National Bank (PNB), India’s leading public sector bank, has reduced interest rates on its education loan offering under the  Vidyalaxmi Scheme  by 20 bps. This initiative further strengthens the bank’s commitment to enhance education accessibility. The Vidyalaxmi Scheme is designed to provide comprehensive financial support to students towards quality-driven higher education. This initiative is available to candidates who secure admission on merit to 860 identified Quality Higher Education Institutions (QHEIs) across India. These institutions have been categorized by PNB as follows:   Group Name No of Institutes I AAA 85 II AA 152 III A 623       Key Features of the Scheme: Eligibility : Indian Nationals including NRIs, and OCIs pursuing Graduation/Post-Graduation degree or diploma courses in QHEIs. Quantum of Finance ...

The estimated cost of the project is around Rs. 1,807.46 Crore by Samiksha REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, WRNES Talegaon Power Transmission Limited to Adani Energy Solutions Limited on 30th May 2025. The estimated cost of the project is around Rs. 1,807.46 Crore. Adani Energy Solutions Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis. The SPV was handed over by Shri T.S.C. Bosh, CEO, RECPDCL to Shri Sanjay Arvind Johri, Vice President (BD), Adani Energy Solutions Limited in the presence of Senior Officials of RECPDCL, Adani Energy Solutions Limi...

Davangere Sugar Company Limited (BSE: 543267, NSE: DAVANGERE), a company expanding its product portfolio beyond Sugar into Sustainable Power and Ethanol Solutions, in its board meeting held on May 14th, 2025, has approved the unaudited Financial Results of the Company for the quarter and year ended 31 March 2025. The total income for the march quarter was reported at Rs. 5747.51 Lakhs. Consequently, profit before tax was reported at 224.71 lakhs, reflecting robust operational performance. EBITDA came in at Rs. 1024.93 Lakhs For the year ended 31 March 2025, revenue from operations stood at Rs. 21675.60 lakhs. PAT was reported at Rs. 1083.11 Lakhs. EBITDA was reported at Rs. 5375.15 Lakhs, growing at 8% YoY. To maximize ethanol production, the Davangere Sugar Company Ltd. aims to procure larger quantities of maize from various regions across the country. Government policy currently encourages Ethanol production from maize, and the Central Government is in the process of establishing a N...

Will launch Diversified range of beverages and aerated drinks under brand name “NOCTRL”  NSE & BSE listed (NSE NGIL) ( BSE 541418) Nakoda Group of Industries engaged in manufacturing and Exports of premium-quality Tutti Frutti (Candied Fruits), dry fruits & dehydrated fruits has announced a strategic expansion into the drinks and beverages segment, adding items like mineral water, aerated drinks, and non-alcoholic beverages to its product line. This move is part of a broader strategy to diversify its offerings and strengthen its market position. It operates in the food and beverage industry, focusing on manufacturing, processing, and trading a wide range of food products, including fruits, nuts, bakery items, and various agricultural products.  Additionally, the company will launch Its New beverages Products in ‘NOCTRL’. brand name Strategically headquartered in Nagpur—geographically recognized as the heart of India—the company benefits from seamless logistical a...

by Samiksha Mumbai, April, 2025  – REC Limited, a Maharatna CPSU under the Ministry of Power and a prominent NBFC, has entered into a Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) to provide financial support of ₹1 lakh crore for infrastructure development in the Mumbai Metropolitan Region (MMR). The agreement was formally signed by Shri. Harsh Baweja,Director (Finance), REC Limited and Dr. Ankush R Nawale, Financial Advisor MMRDA, at the India Global Forum (IGF) Mumbai NXT 25 event at the Jio Convention Centre, Mumbai, in the presence of Maharashtra's Hon'ble Chief Minister, Shri Devendra Fadnavis; Hon'ble Deputy Chief Minister, Shri Eknath Shinde; Dr. Sanjay Mukherjee, IAS, Metropolitan Commissioner, MMRDA; Shri Vikram Kumar, IAS, Additional Metropolitan Commissioner, MMRDA; Shri Rahul Dwivedi, IAS, Executive Director, REC and senior officials of REC and MMRDA. The MoU outlines REC Limited's commitment to financing...

by Samiksha Mumbai, April ,2025:  DSP Asset Managers today announced the elevation of Aditi Kothari Desai as Chairperson*. She will be assuming the charge from her father, Hemendra Kothari, who had been at the helm of DSP Asset Managers Pvt Ltd since the firm’s incorporation in 1996. Aditi represents the fifth generation of the Kothari family and the first woman at the helm who carries forward DSP’s 160-year+ legacy in Indian financial services. Aditi brings over two decades of hands-on experience in investments, sales, marketing and digital transformation domains. Her career began at Merrill Lynch’s investment banking group in New York, where she worked on M&A activities in the Financial Institutions Group. Aditi joined DSP Asset Managers in 2002 and over the years has helped build and support DSP’s domestic business growth strategy, while also founding the group’s international business. She was instrumental in the digital transformation of DSP’s Asset Management Business. Ad...

by Samiksha  SACRAMENTO, CALIF.– April, 2025  – NTT DATA, a global leader in digital business and technology services, today announced the release of the first sustainability report for its data center division, NTT Global Data Centers. The report highlights NTT DATA’s ongoing commitment to environmental stewardship and its accelerated progress toward achieving Net-Zero emissions within its data centers. In FY23, NTT Global Data Centers achieved 51% renewable energy usage for non-IT load globally and secured 1.7 TWh of renewable energy through Power Purchase Agreements (PPAs) to support its transition to achieving Net-Zero emissions in our operations by 2030. “The rise of AI and digital infrastructure brings unprecedented opportunities, but also a responsibility to build sustainably,” said Doug Adams, CEO and President, NTT Global Data Centers. “We believe technology and environmental stewardship must go hand in hand. Our commitment to Net-Zero extends beyond reducing emission...

by Samiksha This Earth Day, it's more than just planting trees or sharing a post; it's about making meaningful decisions.  The 2025 theme, "Our Power, Our Planet," reminds us that each of us is responsible for creating a cleaner future.  One modest change, such as switching to an electric scooter, can help you reduce your carbon footprint while also making everyday travel more efficient and enjoyable.  Whether you're riding to work, seeing friends, or simply enjoying the wind in your hair, these five electric scooters are meant to make your commute easier, cleaner, and guilt-free.  Because doing better for the environment should feel better for you. 1.Odysse Evoqis Odysse Evoqis is a sleek electric bike with a motor that produces 3,000W (max 4,300W) and a top speed of 80 km/h.  It has a range of up to 140 kilometres on a single charge and is designed for both performance and environmental sustainability. This motorbike has a sleek look and practical features suc...