FINANCE TODAY

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...