H1 FY25 FINANCIAL RESULT HIGHLITS
Home Blog Page 374

CCI | Combination involving acquisition by IRB Infrastructure Trust in Meerut Budaun Expressway Ltd

0
Competition Commission of India -CCI
Competition Commission of India -CCI

The Competition Commission of India (CCI) has approved the proposed combination involving acquisition by IRB Infrastructure Trust in Meerut Budaun Expressway Limited.

Anahera Investment Pte. Ltd. (Anahera), Bricklayers Investment Pte. Ltd. (Bricklayers), Chiswick Investment Pte. Ltd. (Chiswick), Stretford End Investment Pte. Ltd. (Stretford), and  Dagenham Investment Pte. Ltd. (Dagenham), are collectively referred to as “GIC Unitholders”. GIC Unitholders are wholly-owned subsidiaries of GIC Infra Holdings Pte. Ltd. (GIC Infra) which, in turn, is a wholly-owned subsidiary of GIC (Ventures) Pte. Ltd. (GIC Ventures). Each of the GIC Unitholders are special purpose vehicles organized as a private limited company in Singapore that is a part of a group of investment holding companies managed by GIC Special Investments Private Limited (GICSI) (GIC Group).

IRB Infrastructure Trust (InvIT) is a private trust registered as an infrastructure investment trust with the Securities and Exchange Board of India under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The units of the InvIT are listed on the National Stock Exchange. InvIT forms a part of each of IRB and GIC Group. The InvIT holds a portfolio of toll road assets, operated and maintained pursuant to concessions awarded by the National Highways Authority of India and certain state concessioning authorities.

IRB Infrastructure Developers Ltd. (IRB), the sponsor and the project manager of the InvIT, is engaged in construction works in engineering, procurement and construction contracts, and providing operation and maintenance services, across three modes of Roads and Highways concessions it operates: (a) Build, Operate, and Transfer, (b) Hybrid Annuity Model; and (c) Toll-Operate- Transfer. The equity shares of IRB are listed on the BSE Limited and the NSE.

Meerut Budaun Expressway Limited (MBEL) is a special purpose vehicle which has been incorporated for the development of package I of the Ganga Expressway, i.e., the project involving building, operation and transfer of a six-lane greenfield expressway corridor of 129.7 km between Meerut and Budaun in Uttar Pradesh.

By way of the proposed transaction, the Acquirers, inter alia, contemplate the following:

  1. Step 1: Proposed subscription of non-convertible debentures (NCDs) of MBEL by each of IRB and Anahera, respectively (NCD Subscription). In the event that the Parties are unable to complete the NCD Subscription for any reason, the InvIT proposes to subscribe to such NCDs of MBEL (Alternate InvIT NCD Subscription).
  2. Step 2: Proposed fresh issuance of units by the InvIT to its existing unitholders (i.e., each of IRB and one or more of the GIC Unitholders in the InvIT) (Trust Unit Issue).
  3. Step 3: Proposed acquisition of equity shares of MBEL and NCDs of MBEL by the InvIT (MBEL Acquisition).  (Proposed Combination).

Coal and Lignite PSUs lead the way in Land Restoration & Sustainability

0
Ministry of Coal
Ministry of Coal

Coal and Lignite Public Sector Undertakings (PSUs), under the guidance of the Ministry of Coal, have not only increased coal production levels over the years to meet the escalating energy demands of the nation but have also demonstrated their dedication to environmental preservation by implementing various mitigation measures. One such measure involves reclaiming mined-out areas through extensive plantation efforts in and around coal-bearing regions.

As the year marks the 30th anniversary of the UN Convention to Combat Desertification (UNCCD), focus of World Environment Day, 2024 is on land restoration, desertification and drought resilience, under the slogan “Our Land. Our Future. We are #GenerationRestoration”. The theme emphasizes the importance of sustainable land management and the need to rehabilitate degraded lands to ensure a sustainable future for all. Coal Ministry has released a report titled “Greening Initiative in Coal & Lignite PSUs”, which highlights the efforts of the PSUs in the coal and lignite sectors to restore and rejuvenate mined-out lands. These PSUs have undertaken extensive afforestation and ecological restoration projects, transforming barren landscapes into thriving green areas. Such initiatives not only combat desertification and enhance drought resilience but also contribute to carbon sequestration and biodiversity conservation. By integrating these greening efforts, the report underscores the significant role that coal sector can play in advancing the goals of land restoration and promoting environmental sustainability. This synergy between global ambitions and local actions illustrates a comprehensive approach to preserving our planet’s land resources for future generations.

Secretary, Ministry of Coal, Shri Amrit Lal Meena commended the endeavours undertaken by CMPDI and the Sustainability & Just Transition Division of the Ministry of Coal in compiling this report. He also expressed his anticipation that the report would garner significant attention and be leveraged to augment green cover through the adoption of innovative techniques, such as seed ball plantation, seed casting via drones and Miyawaki plantation, within coal mines by other entities. It aims to outline the initiatives undertaken by the coal sector to increase green cover in coal regions through reclamation efforts.

image001P680

This report emphasizes the consistent and earnest endeavours made by Coal/Lignite PSUs to mitigate the environmental impact of coal mining through ongoing reclamation and afforestation endeavours. The report presents greening initiatives carried out in both closed and active coal mines, alongside a blueprint for a more sustainable and eco-friendly future. The data provided has undergone validation through Remote Sensing Studies and on-site ground-truthing surveys at selected locations. This report stands as the initial comprehensive documentation of baseline data regarding greening efforts by Coal/Lignite PSUs, setting a standard for forthcoming scientific investigations. Contained within the report is a compilation of mine-specific data by the companies concerning land usage status, corresponding reclamation efforts and both current and planned plantations, both within and outside project sites. The amalgamated data is presented to depict land usage across coal mines, the extent of completed reclamation projects, and the varieties of plantations undertaken. Additionally, a roadmap has been outlined for future plantation initiatives planned until the fiscal year 2029-2030, taking into consideration the necessary advancements in effective land reclamation and the sustainable utilization of mining-degraded lands.

image0024U9T

Afforestation in Jamuna OC, SECL, Anuppur, Madhya Pradesh

Coal/Lignite PSUs are implementing scientific reclamation techniques for mined-out lands according to technical and biological schedules outlined in mining plans. Additionally, they are pioneering community-oriented land uses such as restored forests, eco-parks, eco-tourism sites, etc. According to the report, Coal/Lignite PSUs have established green cover spanning approximately 50,000 Ha in and around coal mining regions over the years. This includes biological reclamation of de-coaled land covering around 29,592 Ha, additional plantation efforts like avenue plantation within mine leaseholds accounting for roughly 12,673 Ha and plantation activities outside mine leaseholds covering about 7,735 Ha. This collective effort is estimated to create a carbon sink potential of approximately 2.5 million tonnes of CO2 equivalent per year.

It is anticipated that this report will reinforce the commitment to land reclamation and management among coal PSUs, while also catalysing the establishment of sustainable green cover across coal mining projects. This initiative will further contribute to the augmentation of India’s green cover, thereby aiding in the fulfilment of India’s Nationally Determined Contribution (NDC) target of achieving a carbon sink of 2.5 to 3.0 billion tonnes by the year 2030. The report is available on the website of the Ministry of Coal

CCI | Combination involving acquisition in IRB Infrastructure Trust & MMK Toll Road Pvt Ltd by Cintra

0
Competition Commission of India_indianbureaucracy
Competition Commission of India_indianbureaucracy

The Competition Commission of India (CCI) has approved the proposed combination involving acquisition in IRB Infrastructure Trust and MMK Toll Road Private Limited by Cintra.

Cintra InvIT Investments B.V. (Cintra SPV 1) and Cintra IM Investments B.V. (Cintra SPV 2) are collectively referred to as “Acquirers” The Acquirers are SPVs (wholly-owned subsidiaries of Cintra Global S.E.) which have been incorporated in the Netherlands for the purpose of the Proposed Combination and belong to the Ferrovial group. The Cintra division of the Ferrovial group undertakes activities in relation to toll roads development and management, and the Ferrovial group is a global developer of transport infrastructure, mobility solutions, engineering and is engaged in the construction of civil works and buildings.

IRB Infrastructure Trust (Private InvIT) is a private trust registered under the Indian Trusts Act 1882 and SEBI’s Infrastructure Investment Trusts Regulations 2014. The sponsors of the trust are IRB Infrastructure Developers Ltd (IRB ListCo) and GIC. It is operating 14 highways assets, which are being managed pursuant to the concessions granted by the respective nodal agencies. The Private InvIT invests in road infrastructure assets in India and all road projects of the Private InvIT are held through SPVs. MMK Toll Road Private Limited (IM) is the investment manager of the Private InvIT which is an InvIT registered with the SEBI.

The Proposed Combination involves: (i) Acquisition of approximately 24% of the issued and outstanding unitholding (on a fully-diluted basis) along with certain commercially negotiated rights in the Private InvIT by Cintra SPV 1 (InvIT Transaction); (ii) Simultaneous acquisition of approximately 24% equity shareholding along with the right to nominate a director on the board of directors of the IM of the Private InvIT by Cintra SPV 2 (IM Transaction) (Proposed Combination).

FSSAI | FBOs to remove claim of 100% Fruit Juices from label & ads of Fruit Juices

0
FSSAI
fssai_indianbureaucracy

The Food Safety and Standards Authority of India (FSSAI) has issued a directive mandating all Food Business Operators (FBOs) to remove any claim of ‘100% fruit juices’ from the labels and advertisements of reconstituted fruit juices with an immediate effect. All the FBOs have also been instructed to exhaust all existing pre-printed packaging materials before 1st September, 2024.

It has come to the attention of FSSAI that several FBOs have been inaccurately marketing various types of reconstituted fruit juices by claiming them to be 100% fruit juices. Upon thorough examination, FSSAI has concluded that, according to the Food Safety and Standards (Advertising and Claims) Regulations, 2018, there is no provision for making a ‘100%’ claim. Such claims are misleading, particularly under conditions where the major ingredient of the fruit juice is water and the primary ingredient, for which the claim is made, is present only in limited concentrations, or when the fruit juice is reconstituted using water and fruit concentrates or pulp.

In the clarification issued regarding the marketing and selling of reconstituted fruit juices as ‘100% fruit juices’, FBOs are reminded that they must comply with the standards for fruit juices as specified under sub-regulation 2.3.6 of the Food Safety and Standards (Food Products Standards & Food Additives) Regulation, 2011. This regulation states that products covered by this standard must be labelled in accordance with the Food Safety and Standards (Labelling and Display) Regulations, 2020. Specifically, in the ingredient list, the word “reconstituted” must be mentioned against the name of the juice that is reconstituted from the concentrate. Additionally, if added nutritive sweeteners exceed 15 gm/kg, the product must be labelled as ‘Sweetened juice’.

The Food Safety and Standards Authority of India (FSSAI) is dedicated to protecting and promoting public health through the regulation and supervision of food safety standards across the country.

Horticulture production in 2023-24 is estimated to be about 352.23 MT

0
Ministry of Agriculture & Farmers Welfare holds Webinar on Connecting Agroforestry
Ministry of Agriculture & Farmers Welfare holds Webinar on Connecting Agroforestry

The Department of Agriculture and Farmers Welfare has released the Second Advance Estimates of 2023-24 of Area and Production of various Horticultural Crops compiled on the basis of information received from States/ UTs and other Governmental source agencies.

Total Horticulture 2022-23 2023-24 (1st Adv. Est.) 2023-24 (2nd Adv. Est.)
Area (in Million Ha) 28.44 28.77 28.63
Production (in Million Tonne) 355.48 355.25 352.23

Highlights of 2023-24 (Second Advance Estimates)      

  • The horticulture production in the country in 2023-24 (Second Advance Estimates) is estimated to be about 352.23 Million Tonnes, decrease of about 32.51 Lakh Tonnes (0.91%) over 2022-23 (Final Estimates).
  • Increase in production of Fruits, Honey, Flowers, Plantation Crops, Spices and Aromatics & Medicinal Plants is seen over 2023-24 (Final Estimates) whereas decrease in Vegetables.
  • The production of Fruits is expected to reach 112.63 Million Tonnes, mainly due to increases in production of Banana, Lime/Lemon, Mango, Guava and Grapes. On the other hand, production of Apple and Pomegranate are expected to decrease as compared to 2022-23
  • Production of Vegetables is envisaged to be around 204.96 Million Tonnes. Increase is expected in production of Bottlegourd, Bittergourd, Cabbage, Cauliflower, Pumpkin, Tapioca, Carrot and Tomato, whereas, decrease in production is envisaged in Onion, Potato, Brinjal and Other Vegetables.
  • Production of Onion is expected to be at 242.12 Lakh Tonne in 2023-24 (Second Advance Estimates) compared to 302.08 Lakh Tonne last year, a decrease by about 60 Lakh Tonne.
  • Potato production in the country is expected to arond 567.62 Lakh Tonne in 2023-24 (Second Advance Estimates) that is, a decrease by about  34 Lakh Tonne, mainly due  to decrease in production reported in Bihar and West Bengal.
  • Production of Tomato is expected to be around 212.38 Lakh Tonne in 2023-24 (Second Advance Estimates) compared to around 204.25 Lakh Tonne last year, an increase by 3.98% Lakh Tonne.

TMC acquires Advanced Intraoperative Imaging for Complex Brain Tumour surgeries

0
Tata Memorial Centre
Tata Memorial Centre

The Neurosurgery department at Tata Memorial Centre (TMC), Mumbai, recently procured a state-of-the art intraoperative Ultrasound (iUS) machine for performing complex brain tumour surgeries. The neurosurgery team at Tata Memorial Centre, led by Dr Aliasgar Moiyadi, has pioneered the application of iUS in India, and is one of the leading teams across the world. iUS is cost -efficient and with appropriate training, can become an important adjunct in the neurosurgeon’s armamentarium. The bKActiv machine, which was recently acquired by the department is the first installation of this advanced iUS system in the country.

Intraoperative imaging is crucial for safely and accurately removing intrinsic brain tumours. Combined with navigational aids (which is like a surgical GPS system), the iUS machine allows neurosurgeons to precisely track tumour remnants. Further, when combined with brain mapping techniques like awake surgery, they enable removal of tumours radically, even near critical functioning brain regions.

The system was unveiled on Saturday, 1st June 2024 at the Tata Memorial Hospital, Parel, Mumbai, in the presence of Dr. Shailesh Shrikhande, Dy. Director Tata Memorial hospital; Dr. Aliasgar Moiyadi, Chief of Neurosurgery, Tata Memorial Centre; and Shri Chaitanya Sarawate, Managing Director, Wipro GE Healthcare South Asia, along with the entire departmental and operation theatre personnel.

Dr. Moiyadi believes this advanced tool is likely to help his team and benefit the large number of brain tumour patients operated at the centre, many of whom are unable to access state-of-the-art care at subsidized rates elsewhere. iUS, being less costly than other intraoperative imaging systems (like intraoperative MRI), is particularly beneficial for resource constrained healthcare systems like ours. The department has also led efforts to train neurosurgeons and equip them with the necessary skills to optimally perform iUS-guided surgeries, conducting training courses both in India as well as globally, hoping that more neurosurgeons can adopt this useful technique and disseminate the benefits to a larger number of patients across India. Dr. A Moiyadi also pointed out that this equipment was procured with the aid of a generous grant provided by UBS. He said that TMC is grateful for the support provided by UBS and highlighted the importance of such contributions, which strengthens TMC’s efforts of providing advanced cancer care for all Indians.

Speaking at the launch event, Shri Sarawate said, “We are committed to designing active imaging systems that help surgeons visualize anatomy and lesions, guide interventions, and navigate inside the human body – and this collaboration marks a significant milestone in advancing healthcare technology in India. Poised to revolutionize neurosurgery, the bkActiv Ultrasound system.

DARPG Secretary presents CPGRAMS- Foundation for SMART Government

0
DARPG SEVA-Indian Bureaucracy
DARPG SEVA-Indian Bureaucracy

The IBM Center for The Business of Government, Washington, DC invited DARPG to make a presentation to the representatives of the US Government, as well as stakeholders who work with the IBM Center on 3 June 2024 by video conferencing. The 90-minute interaction with focus on adopting AI in governance was attended by Mr. James-Christian Blockwood, Executive Vice- President, Partnership for Public Service; Mr. Dan Chenok, Executive Director, IBM Centre for the Business of Government, Ms. Terry Gerton, President and CEO National Academy of Public Administration, Mr. Ivan Metzer, Director, Performance Management Line of Business (US Performance Reporting), General Services Administration; Mr. Alexander Snider Performance Management Strategy Lead, General Services Administration; and other attendees of the US Government. The representatives of the Commonwealth Hub for the Business of Government from India Prof Prajapati Trivedi and Prof Avanish participated in the discussions. Government of India was represented by Secretary DARPG Shri V. Srinivas, Joint Secretaries of DARPG Shri N.B.S. Rajput, Smt. Jaya Dubey, Deputy Director General NIC Dr. Sushil Kumar, Deputy Secretary DARPG Shri Parthasarathy Bhaskar, Senior Technical Director NIC Shri Manu Garg and other senior officials.

image001Y82G

The Indian presentation on Centralized Public Grievance Redress and Monitoring System (CPGRAMS) was made by Secretary Department of Administrative Reforms and Public Grievances (DARPG) Shri V.Srinivas on 3 June 2024. Mr. Dan Chenok Executive Director IBM Centre for the Business of Government conducted the interaction in which a number of commendations were received from the US government officials.

image002ETNEimage003V04T

Key highlights of the presentation included:

  1. The acknowledgment of technology’s potential to bridge the gap between citizens and government, empowering citizens, and optimizing transparency and accountability.
  2. The implementation of CPGRAMS’ 10-step reforms has resulted in significant improvement in quality of grievance redressal and reduction of timelines of grievance redressal.
  3. India has succeeded in redressal of over 1.5 lac grievances/ month and has mapped 1.02 lac grievance officers on the CPGRAMS portal.
  4. The intelligent grievance monitoring dashboard and the tree dashboard which were developed using AI/ ML practices were also presented to enable handling of disaggregated data sets enabling evidence-based policy making and data driven policy interventions.
  5. Government has approved an allocation of Rs. 128 Cr for CPGRAMS version 8.0 with an upgraded technology platform to be implemented over the next 2 years.

The discussions between both the countries were cordial and constructive. Enabling valuable exchange of information on citizen centric best practices in the United States of America and India.

Prediction for 5th June – 6th June, 2024 by Anoothie Vedic Astrology

0
Col Manoj Mehrotra (Retd) -Shastri in Vedic Astrology
Col Manoj Mehrotra (Retd) -Shastri in Vedic Astrology

Today’s Panchang

 Month – Jyeshtha
 Paksha – Krishna
 Tithi – Chaturdashi up to 7:54 PM on 05 Jun, Amavasya up to 06:07 PM on 06 Jun
 Moon – In Mesh up to 4:14 AM on 05 Jun, in Vrishabh up to 7:56 AM on 07 Jun
 Nakshatra –Krittika up to 09:16 PM on 05 Jun, Rohini up to 8:16 PM, Mrigsira up to 2:05 AM on 07 Jun

Colour of The Day  

Wednesday – Favourable colour is green and shades of green. You can combine with golden, cream, white, pink, magenta, red, orange, yellow, shades of yellow, black, dark blue, checks of black and blue. Avoid light blue and off white colours. 

Thursday – Favourable colours are yellow, shades of yellow, golden, cream, light blue, off white, red, orange, grey, checks of black and blue, black, dark blue. Avoid green, shades of green, pink, magenta white.

Prediction Based on Moon Signs

Aries(Mesh) – The days are not good for you. You will be mentally unsatisfied and have difference of opinion with family reducing your happiness and giving failures at work. You are likely to feel loss of strength and there can be losses due to bad people. Your belonging can be stolen and bile will increase. However, your communication skills can give you happiness and get wealth as people respect you for expert talks, But you can have losses due to loss of relatives.

Taurus(Vrishabh) –. You have a panchgrahi yog these days which will make you powerful, respected and strong. The days will give you happiness, success, pleasure, good health and good food. You may get gifts too. However, you may experience back biting, use of foul language and there is a chance of loosing some item. Expenditure will be high and you can have discomfort in eyes. Control your anger, harsh tone and harsh words as there can be loss of reputation due to these. Your spouse may have problems and you can have quarrels with spouse. Keep head covered and offer sweets in Hanuman Mandir. Recite Sankat Nashan Ganesh Srotra and keep anise at bedside.

Gemini(Mithun) – The days will give you mixed results. You can have problems is eyes and loss of reputation at work, as no one cooperates with you resulting in losses at work and increasing your expenditure. You are likely to be worried and sad and loose interest in food. There can be losses due to quarrels also, hence keep your communication under check. There will be differences with relatives. However, hard work and sticking to procedures can give you gains, success at work and victories. Brother can cause profit for you. Offer sindoor to Hanumanji, Abhishek of Shiv pariwar. Apply saffron tilak and worship Ma Durga.

Cancer(Kark) – Your gains / income is likely to increase and you will progress well towards your ambitions. Women will support you in getting profits and if you are in profession of liquids, your income will be good. You will although be healthy but you should be careful as there are chances of getting hurt. You are likely to have good meetings with family friends and will have interest / inclination towards auspicious works. You are likely to have malignant food and stay away from home due to profession. Offer food to little girls, visit Hanuman Mandir and recite Sundar kand.

Sinh(Leo) – Although you are likely to have problems in occupation yet you will get success and gains. Youa re also likely to have respect from state and seniors will be happy. You may be offered a new position and get an upper edge over enemies giving you mental peace and happiness. Family will be happy. However, control your anger, arrogance and harsh tone else you can be humiliated as enemies and opponents are stronger. They will create problems for you. Offer sindoor to Hanumanji, Pray to Shiv ji and Ganesh ji.

Virgo(Kanya) – The days are not good for you. You are likely to have problems from state and losses in business. You are likely to have differences with sons and younger males and luck does not favour. Enemies create trouble. You are likely to feel sorry for happenings in the past and have problems in works creating hurdles in profession. However, your communication skills can improve things and get works completed. You may have to stay away from home and hard work may go waste. If travelling, it will not be comfortable. Apply saffron tilak and pray to Ganesh ji. Wear silver and recite Hanuman Chalisa. Abhishek of Shiv ji.

Libra(Tula) – The days are not good for you. You can have indigestion, quarrels, mental tension and loss of wealth. Although you will have an upper edge over enemies and enhanced social as well as financial reputation, yet there will be physical and mental issues to family and feel shortage of some item. You are likely to have difference of opinion and quarrels with spouse as well as arguments with brother can make you sad. Offer sweets to sister and recite Hanuman Chalisa. Worship Ma Durga and offer food to little girls. Abhishek of Shiv ji.

Vrishchik(Scorpio)- You will get money gains and may take a short trip. Partnership will be beneficial and supportive. You will enjoy the days and good food as well as pleasure. You will win over enemies and your influence will increase. Despite all this, you can have physical problems and quarrels with spouse and others. You will be scared of state authorities and the days will keep you worried. Recite Sankat Nashan Ganesh Srotra and pray to Shiv ji and Hanuman ji.

Sagittarius(Dhanu) – The days will give you mixed results. You can have money gains and get fame, happiness. You are likely to enjoy good conversations and have a happy stay at home, defeating your enemies. However, expenditure will be high. However, all this can be adversely effected due to arrogance and harsh words. You will have loss of health and your prestige and glory can have a setback. There are likely to be problems from enemies. You are likely to read a good book. If you are in profession of music or academics or books, you will get fame and victory. Recite Hanuman Chalisa. Take flowers. Fruits if going for an important work.

Makar(Capricorn) – If travelling, you can have problems in journey. You are likely to be mentally disturbed due to family and have failure at work. Drive carefully these days. Your enemies will increase and have opposition from family. You are likely to have shortage of money and resources. Your mother can have problems. You will get happiness and may buy new clothes. Your delayed works will be completed and profession will be good. Abhishek of Shiv ji. Recite Hanuman Chalisa.

Kumbh(Aquarius) – You can have quarrels with family and have a restless mind. You will be disturbed even during meals and sleep. You should avoid any argument with women and have danger from water. There will be reduced pleasure from spouse. You will gain wealth and have friendship with knowledgeable people at high positions and family will be happy. Professional environment will be favourable. Apply saffron tilak. Abhishek of Shiv ji.

Pisces(Meen) – You are likely to get monetary gains and good clothes and keep healthy. You will win over enemies and be happy. You will benefit due to family and luck will improve. However, you will be scared for any reason and courage will reduce. You can have quarrels with brother, but get new friends. If studying, you will have interest in studies and may make new friends. You may meet old friends. Feed birds and pray to Shiv ji. Visit Laxmi Narayan
mandir.

For detailed individual accurate prediction as per Vedic Astrology,  contact on +91-9229112953

Moon changes sign every 2.25 days, hence the prediction is being done accordingly as per the sign

Air France-KLM extends strategic partnership with WFS in North America with new 3-year Phoenix contract

0

Paris: Worldwide Flight Services (WFS), a member of the SATS Group, has won a three-year contract to provide passenger and ramp handing services for Air France at Phoenix Sky Harbor International Airport.

Launched on May 23, 2024, Phoenix is the airline’s 17th destination in the United States. Air France now operates three direct flights a week connecting Paris Charles de Gaulle and Phoenix, the capital of the U.S. state of Arizona.

This new contract represents WFS’ third new ground handling agreement with the Air France-KLM Group in North America in the last 12 months.

“The opportunity to support the launch of Air France’s newest route in the United States reflects the growing relationship between Air France-KLM and WFS, and the airlines’ confidence in our ability to meet their high standards for customer service and operational excellence,” said Paul Walton, Senior Vice President, Ground Handling & Express Cargo at WFS.

“We are proud to extend our strategic partnership with Air France-KLM to another North American city. We hope this will lead to further opportunities for collaboration as we continue to demonstrate the value of partnering with WFS. The 85 WFS stations in Canada and the United States offer network connectivity throughout North America, served by dedicated teams with extensive experience who are committed to safety, service excellence and the delivery of a positive customer experience.”

2 IAS Officers of 1993 Batch empanelled at Secretary level at the Centre

0
Secretary Level Empanelment in GoI
Secretary Level Empanelment in GoI

The Appointments Committee of the Cabinet has approved the empanelment of 2 IAS officers of 1993 batch for holding posts at the Secretary level , the names of the officers are :

  1. Shri Ravi Kota IAS (Assam Meghalaya 1993 )
  2. Shri Prashant Kumar Singh IAS ( Manipur 1993 )

IndianBureaucracy.com wishes the very best .

News You Can Use | Tata Solar Power Advances PM Surya Ghar Muft Bijli Yojana with Ghar Ghar Solar Launch

0

Tata Power Solar Systems Limited (TPSSL), India’s top rooftop solar company and a subsidiary of Tata Power Renewable Energy Limited (TPREL), launched its ‘GharGharSolar, Tata Power ke Sangh‘ a national campaign in Jodhpur, Rajasthan. Jodhpur, known as Sun City or Surya Nagari, enjoys many sunny days each year.

Dr. Praveer Sinha, CEO and MD of Tata Power, announced the ‘Ghar Ghar Solar’ campaign in Jodhpur. This initiative aims to promote residential solar rooftop installations nationwide, furthering the goals of the PM Surya Ghar Muft Bijli Yojana. The campaign leverages Tata Power’s extensive network across 310 districts and its three-decade track record in the solar domain. Dr. Sinha emphasized Tata Power’s technical advancement and experience, making it a preferred partner for clean energy solutions.

TATA Solar PowerTata Power Solar, with over 34 years of expertise, leads the sustainable energy movement. The company offers rooftop consumers numerous benefits, including a 25-year warranty on modules, trusted quality assurance, exclusive sales and service in over 310 districts, lifetime service and support, easy financing options, and insurance for solar systems.

Aligned with the government’s initiative to promote household solar energy, Tata Power Solar has partnered with Union Bank of India, SBI, Indian Bank, and PNB to expand the adoption of rooftop solar installations by offering varied financing solutions.

Tata Power Solar plans to aggressively promote solar rooftop adoption through its extensive network of over 5,000 channel partners and retailers, aiming to reach every corner of the country. The company has already served over 80,000 satisfied customers and installed over 2 GW of rooftop solar capacity. It holds a significant market share of 13%, making it the number one player in the rooftop solar EPC business for nine consecutive years.

The ‘GharGharSolar, Tata Power ke Sangh’ campaign continues its mission to provide reliable, affordable, and sustainable solar energy to households across India. Tata Power Solar’s comprehensive solutions cover residential, commercial, industrial, MSMEs, large enterprises, group captive, and other customized offerings. The company excels in operational and maintenance services across 275+ cities, leveraging the trust of the Tata brand and its technological prowess with indigenous cells and modules. This commitment to customer satisfaction and an extensive network of channel partners solidifies its position as a trusted leader in the renewable energy sector.

Tata Power is a leading integrated power company and a part of Tata Group, India’s largest multi-national business conglomerate. The company has a diversified portfolio of 14,790 MW, spanning across the entire power value chain – from renewable and conventional energy generation to transmission & distribution, trading, storage solutions and solar cells and module manufacturing. As a pioneer of clean energy transition in India, Tata Power has 5,930 MW of clean energy generation, which constitutes 40% of its total capacity. The company has also committed to achieve carbon neutrality before 2045.Tata Power has established India’s most comprehensive clean energy platform, with offerings such as rooftop solar, micro grids, storage solutions, EV charging infrastructure, home automation et al. The company has also attracted global investors to support its growth and vision. Tata Power has successfully partnered with public and private entities in generation, transmission & distribution sectors in India, serving approx.13 million customers across the country.

80th Staff Course commences at Defence Services Staff College, Wellington

0
Ministry-of-Defence-logo_ib
Ministry-of-Defence-logo_ib

The 80th Staff Course commenced at the Defence Services Staff College (DSSC) in Wellington, Tamil Nadu. The course is designed to train mid-career officers from the Indian Army, Navy, and Air Force to become proficient staff officers and future military leaders and equips officers with the knowledge and skills necessary to operate effectively in an integrated tri-services environment. During the course, 480 student officers including 38 officers from 26 Friendly Foreign Countries will gain a deep understanding of the functioning of each service and the warfighting philosophies at tactical and operational level over a duration of 45 weeks.

In his address to the student officers, Lt Gen Virendra Vats, Commandant, DSSC highlighted the dynamic nature and character of warfare, characteristics of the VUCA World and how DSSC would empower the student officers to face future challenges. He emphasized the critical role of synergy and integration among the Army, Navy, and Air Force and underscored the importance of understanding the unique capabilities of each service to ensure seamless collaboration in modern warfare.

The Commandant also highlighted the need for student officers to develop a strong understanding of emerging technologies and geopolitical issues impacting India’s military and security landscape. This awareness will empower them to make informed decisions and contribute effectively to military strategies.

In a first-of-its-kind initiative, the 80th Staff Course also introduced a specially curated curriculum for a select group of student officers from the Indian Army, Navy, Air Force, and friendly foreign countries. The curriculum would foster a collaborative and inter-service approach to jointness and integration in warfare and focus on inter-service understanding and cooperation at this early stage in their careers, thus empowering them to lead the way in the upcoming era of Theatre Commands.

PIC6RJZ