Bright News

  The Initial Public Offering of NTPC Green Energy Limited was subscribed 33% on the first day of bidding led by Retail Investors.   The issue received bids of 19,48,57,242 shares against the offered 59,31,67,575 equity shares, at a price band of ₹ 102-108, according to the data available on the stock exchanges.   Retail Portion and Non-Institutional Investors Portion were subscribed 1.33 times and 0.16 times respectively. Reservation Portion was subscribed 0.57 times. Employee Portion was subscribed 0.17 times. Qualified Institutional Buyer Portion is yet to see traction. The issue kicked off for subscription on Tuesday, November 19, 2024, and will close on  Friday, November 22, 2024 .    A day before the opening of the issue, NTPC Green Energy Ltd raised Rs 3,960 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were Capital World, Goldman Sachs, GIC, T.Rowe Price, Abu Dhabi Investment Authority, Morgan Stanley, Allianz Global, Life Insura

  India’s first-ever Music Concert Photography Exhibition by music journalist Verus Ferreira, opened on Saturday evening 16 th November 2024, at the Bombay Exhibition Centre, Bandra Reclamation, Bandra (West). The music concert exhibition was inaugurated by jazz legend Louiz Banks. Louiz Banks was very pleased to see the work done by Verus Ferreira. He remarked, "It is great to see how you have managed to capture so many amazing artists in action. Great photographs. I really love your work. I have never seen anything like this before. Keep it up and continue with what you are doing". For some, photography is a hobby, to others, it’s a profession. Some love the technology side of photography, some shooting for weddings, and documenting for newspapers, while a music lover loves taking pictures to capture their artists on camera for posterity. Ferreira is the latter. Welcoming the gathering of friends, family and well-wishers, compere Kamakshi Fernandes stated that Verus F

  Mr Nair, a 65-year-old resident of Panvel was rushed to a local hospital after collapsing at his home. Medical investigations revealed that the patient had suffered a hemorrhagic stroke or brain bleed. The medical team at this local hospital informed the family that they could not do anything to improve the patient's condition. The distraught family was unwilling to accept the situation and shifted the patient to Apollo Hospitals Navi Mumbai (AHNM) where advanced care facilities were available. Medical investigations at AHNM revealed that the patient was extremely critical & injury to the brain was significant. As no progress was seen in the condition of the patient, the medical team at Apollo Hospitals counseled the family with available options which included shifting the patient to another hospital to provide supportive care as well as the option to support the cause of organ donation.   Mr Nair’s son said , “As a family, we were not ready to accept our father’s condition,

  ~More than 50 Mumbai restaurants join NRAI’s drive, offering 20% discount to voters who dine-in and show proof of voting~ The  National Restaurant Association of India (NRAI)  Mumbai Chapter has launched a special initiative, the ‘Democracy Discount,’ to encourage higher voter turnout in the upcoming general elections. On 20th & 21st of November 2024, voters can enjoy a 20% discount on their total dine-in bill at participating restaurants across Mumbai. The NRAI’s initiative comes at a crucial time, as Chief Election Commissioner Shri Rajiv Kumar has voiced concerns over urban voter apathy and is striving for maximum voter turnout in the upcoming Maharashtra Assembly elections. This drive aims to motivate young urban voters to participate and make their voices heard in the election. Speaking on this occasion  Rachel Goenka, NRAI Mumbai Chapter Head , said,  “This initiative by the NRAI aims to inspire our young urban voters to actively engage in the voting process, celebrating ou

  The Ministry of Commerce & Industry has issued an update in the Gazette of India announcing an important amendment to the Handbook of Procedures, 2023, to further streamline jewellery exports. The Directorate General of Foreign Trade (DGFT) issued a public notice dated 13th November adding Amritsar Airport as an authorised export point for gold, silver, and platinum jewellery. The inclusion of Amritsar Airport comes after persistent efforts by the GJEPC, which has been consistently advocating for streamlining export procedures and promoting regional growth within the industry. This move will significantly boost the export potential of precious jewellery, especially for businesses in Punjab and surrounding areas. Expressing his gratitude to the government,  Vipul Shah, Chairman, GJEPC, said , “We are thankful to the government for their continued support in enhancing the ease of doing business in the sector, as demonstrated by this notification. Amritsar is one of the major thrivi

  ACME Sun Power Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has secured Rs 3,753 crore term loan financing from REC Limited for the development & construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) projects in collaboration with SJVN.   The project would be located at high resource potential areas at Jaisalmer, Rajasthan for solar capacity and Bhuj & Jam Khambhaliya, Gujarat for wind sites. Power Purchase Agreement (PPA) has been signed with SJVN and the grid connectivity has also been secured. The land acquisition process is in advanced stages.   REC Limited will serve as the sole lender for this project, highlighting its confidence in ACME Solar’s project execution capabilities. Recently, another FDRE project, ACME Surya Power Private Limited, has secured project financing for a 250 MW FDRE project from REC Limited.   Mr. Manoj Kumar Upadhyay, Chairman and Founder of ACME Solar Holdings Limited, expressed gratitude for REC Li