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The estimated cost of the project is around Rs. 1,807.46 Crore by Priya Jadhav 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 ...

by Priya Jadhav Mumbai, June 2025  –  Odysse Electric Vehicles,  one of India’s fastest-growing premium electric vehicle manufacturers, has registered a 42.9% increase in sales for May 2025, clocking 223 units, compared to 156 units in May 2024. Odysse Electric witnessed this impressive growth due to rising consumer demand for sustainable mobility solutions, expanded distribution networks, and product launches. The company recently announced the successful debut of Evoqis Lite, a sleek and sporty electric motorcycle offering high performance at an accessible price, and HyFy, an ultra-affordable, low-speed electric scooter tailored for daily urban travel. Odysse’s commitment to innovation, affordability, and eco-friendly transportation has resonated strongly with urban commuters and businesses alike. Nemin Vora, Founder and CEO of Odysse Electric Vehicles, said  “ We’re encouraged to see steady growth in our monthly performance. It reflects the gradual but positive sh...

by Priya Jadhav   The bank enhances affordability towards higher education at 860 premier Indian institutions  Mumbai,  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 ...

Driven by rising residential demand, India’s home loan market continues to strengthen. According to insights from Urban Money, the volume and value of home loan disbursals in top cities increased by 10% and 15%, respectively, in FY 2025. Notably, loans with ticket sizes above Rs. 1 crore accounted for 21% of total home loan disbursals during the year. by Priya Jadhav Mumbai, Maharashtra, June 3, 2025 –  Residential property registrations across key Indian cities have continued to rise steadily in recent years. Data from Urban Money (FinTech venture by Square Yards), shows that the total number of registered residential transactions in key cities*, as recorded by the Inspector General of Registration (IGR), increased from 3.07 lakh units in FY 2019 to 5.44 lakh units in FY 2025—a 77% growth over the six-year period. This upward trend is also reflected in the housing finance sector, which plays a critical role in supporting residential real estate. According to  Urban Money ’s l...