Mumbai, April 7 – The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, has approved the financial restructuring and bifurcation of the Maharashtra State Electricity Distribution Company Limited, in an effort to transform the state’s energy landscape.This move represents a...
agricultural sector
commercial consumers
debt reduction
digital billing
domestic consumers
energy security
financialrestructuring
government bonds
industrial consumers
initial public offering (ipo)
maharashtra state electricity distribution company limited
power distribution
renewable energy
solar energy
tariff stability
Mumbai, April 7 Maharashtra's state-owned power distribution company will be split into two entities under a financial restructuring plan approved by the state cabinet on Tuesday, and one of them will be listed on stock exchanges after an IPO is launched within six to nine months of the...
agricultural power supply
debt management
energy sector
financialrestructuring
initial public offering
ipo
long-term bonds
maharashtra state electricity distribution company ltd
mahavitaran
msapl
msedcl
mukhyamantri saur krishi vahini yojana 2.0
power distribution
solar energy
state government
stock exchanges
New Delhi, April 7 The government is exploring options, including the issuance of preference shares or fresh equity, to maintain a 51% stake in the state-owned Power Finance Corporation after its merger with REC, a senior official said.Finance Minister Nirmala Sitharaman had announced the...
equity
financialrestructuring
government ownership
government policy
india
merger
power finance corporation
preference shares
public sector finance
rural electrification corporation
state-owned nbfc
Mumbai, April 7 The Maharashtra cabinet on Tuesday approved the creation of the Department of Electronics, Information Technology, and Artificial Intelligence to achieve the state's development goals under the 'Viksit Bharat 2047' vision.The existing Directorate of Information Technology will...
artificial intelligence
companies act
disaster management
electronics
financialrestructuring
flood mitigation
geotechnology
government administration
information technology
maharashtra
maharashtra remote sensing application centre
mahavitaran
state secretariat
viksit bharat 2047
world bank
In New Delhi, on April 6, the Supreme Court declined to block the implementation of Adani Group's ₹14,535-crore bid to acquire Jaiprakash Associates Limited (JAL), but imposed a safeguard by restraining the firm's monitoring committee from making any "major policy decisions" without prior...
adani enterprises
adani group
cement manufacturing
committee of creditors
corporate insolvency resolution process (cirp)
debt recovery
financialrestructuring
insolvency proceedings
jaiprakash associates
national company law appellate tribunal
nclat
new delhi
real estate
resolution plan
supreme court
vedanta ltd
New Delhi, April 4 Himalaya Food International on Saturday said a consortium of lenders, led by State Bank of India, has approved its proposal for extending its One Time Settlement (OTS) scheme until September 2026."This development significantly reduces the Company's financial risk and marks...
asset monetization
canned food processing
export business
financialrestructuring
frozen food processing
himalaya food international
man mohan malik
one time settlement
rights issues
state bank of india
Hyderabad, March 18 Telangana Chief Minister A Revanth Reddy on Wednesday criticized former BRS supremo K Chandrasekhar Rao for not attending the Assembly for the past two years, saying that Rao has received over Rs 1 crore in salary and allowances from December 2023 until now as the Leader of...
brs party
december 2023
encroachment drive
february 28, 2026
financialrestructuring
frbm loans
government debt
hyderabad
k chandrasekhar rao
legislative assembly
nirmala sitharaman
political criticism
revanth reddy
salary and allowances
state finance
telangana assembly
Kochi (Kerala), March 11 The Fertilisers and Chemicals Travancore (FACT) has met almost all the necessary criteria for a 'Mini Ratna' status, which will, in turn, help the company achieve greater success, a senior company official said.The senior official stated that the company has met almost...
company performance
corporate finance
fact
fertilisers and chemicals travancore
fertilizer industry
financialrestructuring
government dividends
india
kerala
market capitalization
mini ratna status
net worth
profitability
self-reliance
turnover
Kolkata, March 5 Titagarh Rail Systems Ltd (TRSL) announced on Thursday that its Italian associate, Titagarh Firema SpA, has completed the sale of its business unit to the Italian government-owned Fabbrica Italiana Treni S.p.A for a net consideration of 66.09 million EUR.This strategic...
business unit sale
cnc (composizione negoziata della crisi)
corporate divestment
creditor settlement
european union
fabbrica italiana treni
financialrestructuring
india
italy
kolkata
naples
railway industry
titagarh firema
titagarh rail systems
umesh chowdhary