EESL to lease out EV charging infra ops, to set up 1,800 more points

NEW DELHI : State-run Energy Efficiency Services Ltd (EESL) will lease the operation of its electric vehicle charging infrastructure across the country. The company, which has set up more than 400 charging stations, has put out a tender for the operation of charging stations for 1,800 places in the future. Many of the existing charging … Read more

NHPC in talks with states for ₹62.4k cr storage plants push

NEW DELHI : State-owned NHPC Ltd plans to set up 20.8 GW pump storage for an investment of approx ₹62,400 crore in Maharashtra, Andhra Pradesh, Odisha, Jammu & Kashmir, Jharkhand and Mizoram to help the country’s energy transition, according to the chief executive of India’s largest hydropower company. The idea is to store cheap green … Read more

Watch for this week: Monsoon, forex, IPL final

Every Monday, the Mints Plain Facts section contains important data releases and events to look for in the coming week. All eyes will be on the weekly foreign exchange reserves, which are under pressure due to the volatility of the rupee, while Indonesia’s decision to lift the ban on palm oil exports could lead to … Read more

Paytm Payments Bank hopes RBI to lift curbs on taking new customers soon

India’s Paytm Payments Bank, which facilitates transactions on the mobile trading platform Paytm, expects the central bank to allow it to resume receiving new customers in the coming months, a top executive told Reuters. In March, the Bank of India ordered a comprehensive review of the company’s IT system, citing “significant” regulatory issues, without further … Read more

This public sector bank’s zero balance accounts rise by over 139% in four years

The state-owned bank Punjab National Bank (PNB) has said that the bank registered a total of 67,637,918 accounts with zero balance as of March 31, 2022. In response to an application for information under the Right to Information Act (RTI), the bank said it has seen a increase in zero balance sheets over the last … Read more

Netflix to premiere Korean version of ‘Money Heist’ on 24 June

The American streaming service Netflix will stream Money Heist: Korea – Joint Economic Area, the South Korean TV series based on the Spanish crime drama series of the same name, on June 24. The Korean series directed by Kim Hong-sun and written by Ryu Yong-jae, is an original Netflix series, with Yoo Ji-tae, Park Hae-soo, … Read more

Taapsee Pannu-starrer ‘DoBaaraa’ to release on 19 August

Taapsee Pannus new movie DoBaaraa directed by Anurag Kashyap and co-produced by Ekta Kapoor will be released in cinemas on 19 August. There is also Pavail Gulati. Pannu, who began his career as a model for brands such as Reliance Trends, Red FM 93.5, UniStyle Image, Coca-Cola, Motorola and Pataloons, made his film debut with … Read more

Infra projects over ₹500 cr to route through GatiShakti’s NPG

The Department for the Promotion of Industry and Internal Trade (DPIIT) said on Sunday that all logistics and connection infrastructure projects, which involve an investment of over ₹500 crore will go through the Network Planning Group (NPG) formed under the PM GatiShakti initiative. The PM GatiShakti plan was announced last year with the aim of … Read more

This private bank hikes interest rates on 1 to 2 years fixed deposits (FDs)

Karnataka Bank, a lender in the private sector, revised its fixed deposit rates on May 21, 2022. Following the recent change, the bank has raised the interest rate on domestic maturities to less than ₹2 crore maturing in one year to two years. Previously, the bank offered an interest rate of 5.1 percent, but it … Read more