Ircon faces Rs 10 mn penalty
ECONOMY & POLICY

Ircon faces Rs 10 mn penalty

Ircon, a prominent company, is in the midst of a financial setback, facing a substantial Rs 10 million penalty. The penalty stems from a concerning issue ? half of Ircon's board members lack independence. Regulatory authorities have imposed this penalty to uphold corporate governance standards. Ircon, known for its contributions to the infrastructure sector, must now address and rectify the composition of its board to align with regulatory requirements.
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Ircon, a prominent company, is in the midst of a financial setback, facing a substantial Rs 10 million penalty. The penalty stems from a concerning issue ? half of Ircon's board members lack independence. Regulatory authorities have imposed this penalty to uphold corporate governance standards. Ircon, known for its contributions to the infrastructure sector, must now address and rectify the composition of its board to align with regulatory requirements.

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Bonzer7 Signs Vaani Kapoor for ‘Kya Baat Hain’ Campaign

Bonzer7, a premium tiles brand by Asian Granito India Ltd (AGL), has announced Bollywood actress Vaani Kapoor as its brand ambassador. This collaboration highlights Vaani's elegance and versatility, aligning perfectly with Bonzer7's focus on luxurious, innovative products. The announcement coincides with the launch of its new campaign, ‘Kya Baat Hain,’ featuring the Bollywood star.Bonzer7 caters to modern India's aesthetic needs, offering a rich collection of stylish and budget-friendly tiles. Competing with Morbi-based brands, Bonzer7 has become a leader in trendy designs, blending afford..

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Resources

REC Limited Commits Funds for 1MW Solar Power Plant in TN

REC Limited, a Maharatna CPSE under the Ministry of Power, has signed a Memorandum of Agreement (MoA) with the Gandhigram Rural Institute (GRI), Dindigul, Tamil Nadu, to establish a 1MW ground-mounted, grid-connected solar photovoltaic power plant. Under its Corporate Social Responsibility (CSR) initiative, REC has pledged ₹8.44 crore for the project, which will benefit students and researchers at the institute.The solar power plant, to be implemented by GRI in collaboration with BHEL, aims to make the institute self-reliant in energy while serving as a hub for research on advanced solar tec..

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Infrastructure Urban

Rs 500 Billion Investment Announced for Inland Waterways Development

The Inland Waterways Development Council (IWDC) convened its second meeting under the leadership of Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, at Kohora, Kaziranga. The event witnessed significant announcements, including an investment of over Rs 500 billion over the next five years to enhance inland waterway infrastructure across India. The IWDC, organised by the Inland Waterways Authority of India (IWAI), unveiled projects worth Rs 14 billion in 21 states. Among the key initiatives announced was the Riverine Community Development Scheme, aimed at boosting the soc..

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