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Perpetual bond

Perpetual bond: Canara Bank issued India’s first Additional Tier I perpetual bonds since recent rule changes, attracting strong investor interest with a lower-than-expected coupon of 8.27%.This marks a revival in demand for these bonds, which had declined due to regulatory challenges. The Securities and Exchange Board of India’s (SEBI) recent valuation tweak, allowing mutual funds […]

Unified Lending Interface : RBI

Unified Lending Interface: RBI Governor announced that the Unified Lending Interface (ULI), designed for seamless and quick credit access, particularly for MSMEs and farmers, is currently in the pilot stage.The platform integrates diverse data sources to reduce loan appraisal times and simplify processes. It is expected to be launched nationwide soon, with the potential to […]

Solar paraboloid technology

Solar paraboloid technology: Solar paraboloid technology, a form of concentrating solar power (CSP), is emerging as a promising renewable energy solution.It uses parabolic mirrors to focus sunlight onto a receiver, generating high temperatures (up to 300°C) for electricity or industrial heat. This technology offers higher efficiency than traditional photovoltaic systems, potentially lowering electricity costs.

Reliance Industries’ 47th Annual General Meeting

Reliance Industries’ 47th Annual General Meeting: During Reliance Industries’ 47th Annual General Meeting (AGM), Chairman Mukesh Ambani announced a groundbreaking development in the field of artificial intelligence. The company’s telecom arm, Reliance Jio, is set to launch a comprehensive suite of AI tools and applications called ‘Jio Brain’. J