Mumbai, June 18 (IANS) The National Stock Exchange (NSE) has cautioned investors that regulatory changes, technology failures, cybersecurity threats and emerging risks associated with artificial intelligence (AI) could materially impact its business operations and financial performance, as the stock exchange moves ahead with its long-awaited initial public offering (IPO).In its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI), NSE highlighted its s…
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Mumbai, June 4 (IANS) In a sweeping reform that will reshape Maharashtra’s energy landscape, the state government has executed a massive corporate shake-up of its power distribution sector. Following a crucial nod from the State Cabinet clearing the formal demerger of Mahavitran’s (MSEDCL) agricultural business, the Maharashtra Electricity Regulatory Commission (MERC) has officially granted a distribution licence to the newly carved-out entity, MSEB Solar Agro Power Limited (MSAPL).This twin…
Mumbai, April 22 (IANS) In an important decision aimed at achieving a “$1 trillion Economy” for the state, the Maharashtra government on Wednesday sanctioned a comprehensive financial and institutional overhaul of the Maharashtra State Electricity Distribution Company Limited (Mahavitaran). The government resolution (GR) issued by the Department of Industry, Energy, Labour, and Mining, marks a significant shift in the state’s power distribution landscape.To strengthen Mahavitaran’s balance sheet…