Realnewzinfo https://realnewzinfo.com Wed, 25 Sep 2024 05:34:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.7 https://realnewzinfo.com/wp-content/uploads/2024/07/cropped-realnewz-32x32.png Realnewzinfo https://realnewzinfo.com 32 32 Sahara India Refund Portal News | Sahara India Refund Portal News https://realnewzinfo.com/sahara-india-refund-portal-news-sahara-india-refund-portal-news/ https://realnewzinfo.com/sahara-india-refund-portal-news-sahara-india-refund-portal-news/#respond Mon, 15 Jul 2024 06:47:58 +0000 https://realnewzinfo.com/?p=419

सहारा इंडिया निवेशकों के लिए रिफंड प्रक्रिया में महत्वपूर्ण अपडेट आया है, जिसमें पैसा जल्द ही ट्रांसफर होने की संभावना है।

Highlights

  • रिफंड प्रक्रिया में तेजी आई है।
  • 5 लाख तक का क्लेम कर सकते हैं।
  • सरकार ने 100% रिफंड की गारंटी दी है।
  • अगर क्लेम रिजेक्ट हुआ है, तो दोबारा सबमिट कर सकते हैं।
  • अगस्त से पहले भुगतान की उम्मीद है।
  • आधार नंबर से स्टेटस चेक करें।
  •  KYC अपडेट करना जरूरी है।

Key Insights

  • रिफंड प्रक्रिया में तेजी: मई से भुगतान की प्रक्रिया शुरू होने के बाद, निवेशकों को जल्द ही पैसा मिलने की उम्मीद है। यह एक सकारात्मक विकास है।
  • 5 लाख तक का क्लेम: निवेशक अब अधिकतम 5 लाख रुपये का क्लेम कर सकते हैं, जिससे अधिक लोगों को लाभ होगा।
  • सरकार की गारंटी: भाजपा सरकार ने रिफंड प्रक्रिया में 100% गारंटी दी है, जो निवेशकों की चिंता को कम कर सकती है।
  • री-सबमिशन की सुविधा: अगर किसी का क्लेम पहले रिजेक्ट हुआ है, तो वे उसे दोबारा सबमिट कर सकते हैं, जिससे संभावनाएं बढ़ती हैं।
  • समय सीमा: अगस्त से पहले भुगतान की प्रक्रिया को तेजी से पूरा करने का प्रयास किया जा रहा है, जिससे निवेशकों को शीघ्र राहत मिलेगी।
  • स्टेटस चेक करने की प्रक्रिया: निवेशकों को आधार नंबर का उपयोग करके अपने रिफंड की स्थिति चेक करने की सलाह दी गई है।
  • KYC की अनिवार्यता: निवेशकों को KYC को अपडेट करने की आवश्यकता को ध्यान में रखते हुए, यह सुनिश्चित करना होगा कि उनके विवरण सही हैं।

 

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ATC to Convert Rs 160 Crore of Vodafone Idea Bonds into Equity https://realnewzinfo.com/atc-to-convert-rs-160-crore-of-vodafone-idea-bonds-into-equity/ https://realnewzinfo.com/atc-to-convert-rs-160-crore-of-vodafone-idea-bonds-into-equity/#respond Fri, 12 Jul 2024 04:19:50 +0000 https://realnewzinfo.com/?p=388 In a strategic financial maneuver, American Tower Corporation (ATC) has announced its intention to convert Rs 160 crore worth of bonds issued by Vodafone Idea into equity. This decision comes at a crucial juncture for both companies amidst the evolving landscape of the telecom industry in India.

Understanding the Conversion

ATC, a prominent player in telecom infrastructure, aims to convert existing bonds into equity shares of Vodafone Idea. This move is expected to impact Vodafone Idea’s capital structure and shareholder composition, potentially strengthening ATC’s stake in the company.

Strategic Implications

By converting bonds into equity, ATC aligns its financial interests more closely with Vodafone Idea’s operational outcomes and market performance. This strategic alignment could provide ATC with greater influence in decision-making processes within Vodafone Idea, fostering deeper collaboration and synergy.

Context of the Telecom Sector

The telecom sector in India has witnessed significant shifts in recent years, characterized by intense competition, regulatory changes, and technological advancements. ATC’s decision reflects its confidence in Vodafone Idea’s ability to navigate these challenges and capitalize on emerging opportunities.

Impact on Stakeholders

For Vodafone Idea, the conversion of bonds into equity by ATC represents a potential infusion of capital and a vote of confidence from a key investor. This move could bolster Vodafone Idea’s financial stability and operational resilience amid competitive pressures in the telecom market.

Conclusion

In conclusion, ATC’s initiative to convert Rs 160 crore of Vodafone Idea bonds into equity underscores its strategic approach to investment in the telecom sector. This decision not only enhances ATC’s position within Vodafone Idea but also signifies a commitment to long-term growth and partnership in India’s dynamic telecom landscape. As developments unfold, the industry will keenly observe the implications of this financial restructuring on both companies and the broader market.

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State Bank of India seeks expressions of interest for distressed assets in Amul Industries. https://realnewzinfo.com/state-bank-of-india-seeks-expressions-of-interest-for-distressed-assets-in-amul-industries/ https://realnewzinfo.com/state-bank-of-india-seeks-expressions-of-interest-for-distressed-assets-in-amul-industries/#respond Mon, 08 Jul 2024 08:57:50 +0000 https://realnewzinfo.com/?p=376 Introduction

State Bank of India (SBI), one of India’s largest public sector banks, has recently announced its intention to invite Expressions of Interest (EoIs) for managing its stressed exposure in Amul Industries. This move is part of SBI’s strategy to address non-performing assets (NPAs) and streamline its financial portfolio.

Understanding the Situation

Amul Industries, a prominent player in the manufacturing sector, has faced financial challenges in recent times, leading to its classification as a stressed asset by SBI. This classification necessitates SBI’s proactive measures to recover its dues and restore financial health.

Objective of the Invitation

The primary objective behind inviting EoIs is to gauge interest from potential investors or stakeholders who can effectively manage and potentially revive Amul Industries. SBI aims to identify entities with the capability and resources to take over the stressed exposure and contribute to the revitalization of Amul Industries.

Process and Guidelines

Interested parties are required to submit detailed Expressions of Interest outlining their proposed strategies, financial capabilities, and turnaround plans for Amul Industries. SBI will evaluate these proposals based on various criteria, including financial feasibility, operational expertise, and the potential for sustainable recovery.

Benefits for Stakeholders

For SBI, this initiative presents an opportunity to mitigate financial risks associated with stressed assets and optimize its asset quality. By attracting capable investors, SBI aims to facilitate the restructuring of Amul Industries and potentially recover a significant portion of its outstanding dues.

Impact on the Industry

The outcome of this invitation process could have broader implications for the manufacturing sector, particularly in terms of financial restructuring practices and investor confidence. Successful resolution of Amul Industries’ stressed exposure could set a precedent for similar cases across the industry.

Conclusion

In conclusion, SBI’s decision to invite EoIs for its stressed exposure in Amul Industries underscores its commitment to proactive risk management and financial stability. The outcome of this initiative will not only influence the future trajectory of Amul Industries but also contribute to the broader dynamics of India’s banking and manufacturing sectors.

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Adani Group has established itself as a major contender in the data center industry https://realnewzinfo.com/adani-group-has-established-itself-as-a-major-contender-in-the-data-center-industry/ https://realnewzinfo.com/adani-group-has-established-itself-as-a-major-contender-in-the-data-center-industry/#respond Sat, 06 Jul 2024 05:28:37 +0000 https://realnewzinfo.com/?p=397 Over the past two years, major technology giants such as Google, Microsoft, and Meta have forged significant partnerships with two of India’s largest conglomerates to develop a global network of data centers. These partnerships with the Adani Group and Reliance Industries leverage their extensive experience in both infrastructure development and the technology sector. By collaborating with these companies, the tech giants aim to meet India’s growing technological needs and enhance their business operations significantly. For the Adani Group, these partnerships also represent a strategic opportunity to recover from previous challenges, notably the Adani Crisis.

Why Choose Adani Group and RIL as Partners?

Facing obstacles in environmental and land clearances, Microsoft turned to the Adani Group to navigate regulatory challenges in Telangana and Maharashtra. They awarded a contract to AdaniConneX, a joint venture of Adani Enterprises, for building data centers in Pune and Hyderabad, along with associated infrastructure like transmission lines and substations. Google also utilizes AdaniConneX’s capabilities for expanding data center capacity in Noida. The Adani Group’s recent investor presentations highlight a robust order pipeline, projecting 215 MW of new capacity.

How Have These Partnerships Benefited the Adani Group?

These collaborations with Big Tech have proven highly beneficial for the Adani Group’s data center business, driving substantial growth and setting new benchmarks. Microsoft and similar companies rely on Adani Group’s expertise in navigating governmental decision-making processes, enhancing their operational efficiency in India. Reliance Industries Limited has also entered the data center market through partnerships with Digital Realty and Brookfield to build facilities in Chennai, further bolstering India’s data center capabilities.

Adani’s Data Center Ventures:

The Adani Group’s venture into data centers is not new; they operate through AdaniConneX, a joint venture with EdgeConneX, a global leader in the sector. Together, they aim to contribute to India’s digital empowerment agenda by planning to operate 1 GW of data center capacity in the coming years. The Adani Group has built a strong reputation in the data center industry by focusing on delivering reliable services and adopting sustainable practices, including the use of renewable energy to power their operations.

Future Outlook:

Looking ahead, the Adani Group has ambitious plans to expand its data center segment, aiming for profitability and continued growth. Their advanced technological infrastructure and commitment to sustainability are designed to meet the increasing demand for digital services while minimizing environmental impact. These efforts not only drive digitalization but also contribute to achieving India’s broader digital goals.

Conclusion:

The Adani Group’s strategic moves into the data center business amid challenges demonstrate their resilience and vision for future growth. These partnerships with global tech leaders are poised to pave the way for further success and prosperity, positioning the Adani Group as a key player in India’s digital transformation journey.

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Tom Hardy’s Remarkable Film Journey: Exploring His Defining Roles https://realnewzinfo.com/tom-hardys-remarkable-film-journey-exploring-his-defining-roles/ https://realnewzinfo.com/tom-hardys-remarkable-film-journey-exploring-his-defining-roles/#respond Wed, 03 Jul 2024 05:00:20 +0000 https://realnewzinfo.com/?p=394 Tom Hardy is synonymous with versatility, intensity, and an unparalleled ability to fully inhabit the characters he portrays. His career has been marked by unforgettable performances that showcase his extraordinary range as an actor. From critically acclaimed blockbusters to indie gems, Hardy’s filmography is a testament to his talent and impact on audiences and critics alike. Let’s delve into some of the standout movies that have left a lasting impression.

Exploring Tom Hardy’s Best Films

The Dark Knight Rises (2012)

Christopher Nolan’s “The Dark Knight Rises” stands as a monumental film in the Batman trilogy, with Tom Hardy delivering an iconic performance as the formidable antagonist, Bane. Hardy’s portrayal, characterized by chilling presence and physical prowess, solidified his reputation as a versatile actor capable of commanding the screen in major Hollywood productions.

Mad Max: Fury Road (2015)

In George Miller’s visually stunning “Mad Max: Fury Road,” Tom Hardy takes on the role of the stoic Max Rockatansky. His portrayal, defined by minimal dialogue yet powerful physicality, contributed significantly to the film’s critical acclaim and commercial success. Hardy’s ability to convey emotion and resolve through nuanced performance made Max a compelling and enduring character.

Inception (2010)

Christopher Nolan’s mind-bending thriller “Inception” features Tom Hardy as Eames, a skilled forger who plays a pivotal role in navigating the complex layers of dreams. Hardy’s charismatic and witty portrayal added depth to the ensemble cast, showcasing his ability to bring charm and intelligence to a high-concept narrative.

The Revenant (2015)

In Alejandro G. Iñárritu’s brutal survival epic “The Revenant,” Tom Hardy delivers a haunting performance as John Fitzgerald, a morally ambiguous trapper. Hardy’s portrayal, marked by raw intensity and complexity, earned him critical acclaim and an Academy Award nomination for Best Supporting Actor, highlighting his talent for embodying deeply flawed yet compelling characters.

Bronson (2008)

“Bronson,” directed by Nicolas Winding Refn, features Tom Hardy in a transformative role as Michael Peterson, Britain’s notorious prisoner Charles Bronson. Hardy’s electrifying performance captured Bronson’s larger-than-life persona and chaotic nature with gripping authenticity, showcasing his dedication to immersive character work and earning widespread recognition.

Warrior (2011)

In Gavin O’Connor’s emotionally charged drama “Warrior,” Tom Hardy delivers a powerhouse performance as Tommy Conlon, a troubled MMA fighter seeking redemption and reconciliation with his family. Hardy’s portrayal, characterized by physical prowess and emotional depth, resonated with audiences and critics alike, solidifying his ability to convey vulnerability and strength in equal measure.

Locke (2013)

Steven Knight’s minimalist drama “Locke” hinges entirely on Tom Hardy’s performance as Ivan Locke, a man navigating a series of personal and professional crises during a fateful car journey. Hardy’s nuanced portrayal, conveyed through intimate phone conversations, showcased his ability to captivate audiences with subtle yet profound character exploration.

Dunkirk (2017)

Christopher Nolan’s gripping war epic “Dunkirk” features Tom Hardy as Farrier, a Royal Air Force pilot embroiled in the harrowing evacuation of Allied soldiers during World War II. Despite limited dialogue, Hardy’s portrayal of Farrier’s courage and determination left an indelible impact, underscoring his skill in portraying heroism amidst adversity.

Legend (2015)

In Brian Helgeland’s crime drama “Legend,” Tom Hardy delivers a tour de force performance in dual roles as notorious London gangster twins, Ronnie and Reggie Kray. Hardy’s ability to differentiate between the volatile Ronnie and the calculating Reggie showcased his versatility and depth as an actor, earning acclaim for his compelling portrayal of complex characters.

Venom (2018)

Tom Hardy’s venture into the superhero genre with “Venom,” directed by Ruben Fleischer, saw him take on the role of Eddie Brock, a journalist bonded with an alien symbiote. Hardy’s dynamic portrayal brought humor, intensity, and an unexpected depth to the character, resonating with audiences and paving the way for a successful franchise.

Tom Hardy’s filmography is a testament to his exceptional talent and dedication to his craft. Each film mentioned above not only highlights his versatility as an actor but also underscores his ability to bring depth, complexity, and authenticity to a diverse range of characters. Hardy continues to captivate audiences with his transformative performances, solidifying his status as one of the most compelling actors of his generation.

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Reliance Jio suffers nationwide outage, affecting WhatsApp and Instagram access for users. https://realnewzinfo.com/reliance-jio-suffers-nationwide-outage-affecting-whatsapp-and-instagram-access-for-users/ https://realnewzinfo.com/reliance-jio-suffers-nationwide-outage-affecting-whatsapp-and-instagram-access-for-users/#respond Tue, 18 Jun 2024 11:47:04 +0000 https://realnewzinfo.com/?p=382 Introduction

Reliance Jio, a major telecommunications provider in India, recently experienced a widespread service outage that disrupted connectivity for users across the country. The outage notably affected access to popular social media platforms such as WhatsApp and Instagram, leaving many users unable to use these services.

Details of the Outage

During the outage, which lasted [mention duration if known], users reported difficulties in accessing essential services including messaging and social media platforms. Reliance Jio customers expressed frustration over the disruption, highlighting the reliance on these platforms for communication and daily activities.

Impact on Users

The outage significantly impacted users who rely on WhatsApp and Instagram for personal and professional communication, as well as social networking. The inability to access these platforms during the outage period disrupted normal routines and activities for a large number of individuals across the country.

Company Response

Reliance Jio acknowledged the outage and assured users that efforts were underway to restore full service as quickly as possible. The company issued a statement apologizing for the inconvenience caused and advised users to monitor official channels for updates regarding the restoration of services.

Conclusion

The nationwide outage experienced by Reliance Jio underscores the critical role of reliable telecommunications services in everyday life. As users await the full restoration of services, the incident serves as a reminder of the dependence on digital connectivity and the impact of disruptions on daily routines.

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The Future of PR: Trends and Predictions from Newsmaker Media and Communications Experts https://realnewzinfo.com/the-future-of-pr-trends-and-predictions-from-newsmaker-media-and-communications-experts/ https://realnewzinfo.com/the-future-of-pr-trends-and-predictions-from-newsmaker-media-and-communications-experts/#respond Mon, 25 Dec 2023 04:40:34 +0000 https://realnewzinfo.com/?p=391 Evolving Trends in PR for Startups

The field of Public Relations (PR) continually evolves, influenced by technological advancements that impact industries positively. In today’s landscape, companies increasingly seek innovative strategies and tactics for effective PR, with Newsmaker Media and Communications emerging as a prominent player known for their tailored PR solutions for startups.

PR Strategies Tailored for Startups

Newsmaker Media and Communications remain attuned to current trends, ensuring their PR strategies are not only up-to-date but also responsive to emerging market dynamics. The evolution of the PR industry reflects ongoing advancements in media and technology, shaping strategies and practices across the board.

Anticipated PR Trends and Insights

For professionals in the industry or business owners seeking to enhance their PR strategies, understanding upcoming trends is crucial. Here are some key insights to consider:

Rise of AI in Public Relations

AI is poised to revolutionize PR, facilitating better decision-making, data analysis, and customer experience optimization. While AI tools enhance operational efficiency, maintaining a human-centric approach remains essential in startup PR, emphasizing authentic and transparent communication.

Human-Centric Approach

Despite technological advancements, maintaining authentic, two-way communication remains pivotal in PR. Building trust and authenticity through transparent interactions with audiences significantly impacts brand success.

Growing Importance of Influencer Marketing

Influencer marketing continues to dominate PR strategies, leveraging social media influencers to enhance brand visibility and engagement. Newsmaker Media and Communications excel in developing influencer-centric campaigns tailored for startups, capitalizing on influencers’ reach and credibility.

Digital PR Strategies

Digital platforms such as social media, blogs, and email campaigns play a crucial role in modern PR. These channels enable targeted communication and audience engagement, allowing brands to adapt and respond to market feedback effectively.

Value of Traditional In-Person Engagement

Amidst digital trends, in-person interactions at events, conferences, and interviews provide invaluable opportunities for personal engagement and relationship building. These traditional methods complement digital strategies, offering deeper insights and connections.

Conclusion: Adapting to Ever-Evolving PR Trends

The PR industry’s evolution is constant, requiring continuous adaptation and upskilling. High-quality content and strategic insights are essential in crafting effective PR campaigns that enhance brand value and resonate with target audiences. As trends evolve, partnering with experienced firms like Newsmaker Media and Communications can provide invaluable guidance in navigating the complexities of modern PR practices.

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Nepal’s Silence on Agneepath Scheme Forces India to Halt Recruitment Rally https://realnewzinfo.com/nepals-silence-on-agneepath-scheme-forces-india-to-halt-recruitment-rally/ https://realnewzinfo.com/nepals-silence-on-agneepath-scheme-forces-india-to-halt-recruitment-rally/#respond Thu, 25 Aug 2022 09:23:02 +0000 https://realnewzinfo.com/?p=404 India had to halt the recruitment rally for Nepalese Gorkhas under the Agneepath scheme, scheduled to start on August 25, due to the silence of the Sher Bahadur Deuba government in Nepal. The Gorkha Recruitment Depot Gorakhpur in Butwal, Nepal, was set to organize the rally for Agniveers from August 25 to September 7. However, the Indian Embassy in Nepal’s request for permission from Nepal’s Foreign Ministry went unanswered, causing the rally to be canceled.

Minendra Rizal, a senior leader in Nepal’s Prime Minister Sher Bahadur Deuba’s party Nepali Congress and the Defense Minister in the same government, stated that it is not easy for the government to give a definitive yes or no. He pointed out that Nepal has a coalition government, and parliamentary elections are approaching, making it difficult to make a clear decision.

When questioned about the government’s stance, Nepal government spokesperson Gyanendra Bahadur Karki deflected the query to the Defense Secretary. Defense Secretary Kiran Raj Sharma responded that there was no information yet and suggested discussing it later. The Deuba government appears hesitant to take a firm stand, likely to avoid alienating both allies and opposition, as well as India.

A poster from the Indian Embassy’s Defense Wing has been displayed at Agneepath in the pension camp in Kathmandu for the Nepalese Gorkhas in the Indian Army. On June 14, the Indian Army announced the Agneepath scheme for army recruitment, targeting youth aged 17 to 21. Under this scheme, recruits, known as Agniveers, will serve for four years, after which only 25% will be offered regular positions based on performance. The remaining 75% will have to return.

The Agneepath scheme has faced violent protests in several Indian states, and now Nepal is also reluctant to accept it. Since independence, Nepalese Gorkhas have been recruited into the Indian Army under a tripartite treaty signed between India, Nepal, and Britain in 1947. The main concern in Nepal is the future of the youth who return after four years of service. The current Sher Bahadur Deuba government is supported by former Prime Minister Pushpa Kamal Dahal Prachanda’s Communist Party of Nepal (Maoist Centre) and other leftist parties, adding to the complexity of the decision-making process.

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Bhupendra Patel will be sworn in as the 17th Chief Minister of Gujarat today, with Home Minister Amit Shah also in attendance. https://realnewzinfo.com/bhupendra-patel-will-be-sworn-in-as-the-17th-chief-minister-of-gujarat-today-with-home-minister-amit-shah-also-in-attendance/ https://realnewzinfo.com/bhupendra-patel-will-be-sworn-in-as-the-17th-chief-minister-of-gujarat-today-with-home-minister-amit-shah-also-in-attendance/#respond Mon, 13 Sep 2021 09:19:12 +0000 https://realnewzinfo.com/?p=401 Bhupendra Patel will be sworn in as the 17th Chief Minister of Gujarat today (Monday) afternoon. Known as Dada among his supporters, Bhupendrabhai Rajnikantbhai Patel was unanimously chosen for the position during the Gujarat BJP Legislature Party meeting on Sunday, which was attended by 103 BJP MLAs. This follows Vijay Rupani’s resignation from the Chief Minister’s post on Saturday. The swearing-in of the Chief Minister will take place today, while the cabinet members will be sworn in two days later.

Additionally, Home Minister Amit Shah is expected to attend the ceremony, arriving in Ahmedabad at 12:30 pm to participate. Bhupendra Patel, who holds a strong influence in the Patidar community, has been prepared by the BJP to lead them in the upcoming elections.

Notably, Bhupendra Patel has never served as a minister in the state government. Similarly, Prime Minister Narendra Modi had no prior ministerial experience before becoming the Chief Minister of Gujarat 20 years ago. Modi was sworn in as Chief Minister on October 7, 2001, and subsequently elected as an MLA on February 24, 2002, by winning the by-election to the Rajkot assembly seat. Most of the 112 BJP MLAs in the 182-member assembly attended the meeting.

Bhupendra Patel, known for his close ties to former Gujarat Chief Minister and current Governor of Uttar Pradesh, Anandiben Patel, represents an assembly constituency that is part of the Gandhinagar Lok Sabha seat, previously held by Amit Shah. Holding a diploma in civil engineering, Patel expressed his gratitude to Prime Minister Narendra Modi, BJP president JP Nadda, and Amit Shah for entrusting him with this significant responsibility.

From starting his political journey at the municipal level, Bhupendra Patel has risen to the top post in state politics. Known for his soft-spoken demeanor, Patel was not initially considered among the top candidates for the Chief Minister position. He first contested the 2017 election from the Ghatlodiya seat, defeating Congress candidate Shashikant Patel by over one lakh votes, the largest margin of victory in that election.

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Essar Group denies any links with NuPower, DH Renewables https://realnewzinfo.com/essar-group-denies-any-links-with-nupower-dh-renewables/ https://realnewzinfo.com/essar-group-denies-any-links-with-nupower-dh-renewables/#respond Wed, 25 Apr 2018 05:19:22 +0000 https://realnewzinfo.com/?p=422

The Essar Group has denied it has any links with the Deepak Kochhar-promoted NuPower Renewables, the Mauritius-based DH Renewables or First Land Holdings.

Essar has not made any investments in First Land or NuPower. Further, Essar entities have business dealings with Matix Fertilizers and Chemicals Ltd. on arm’s length basis, and these have no connection whatsoever with NuPower a statement issued by the Essar Group said.

In a report on Monday, Hindustan Times had said Investigative agencies are looking at whether DH Renewables Holding Ltd, the Mauritius-based special purpose vehicle of Accion Diversified Fund that is the major shareholder in NuPower Renewables, is related in any way, directly or indirectly, to the Essar Group.

The newspaper also quoted an unnamed tax officer in its report, saying: “From being a minority shareholder in NuPower, DH Renewables’ holding has risen to over 54 per cent. This happened because successive shareholders have offloaded their stake in NuPower to DH.

The report said DH Renewables also “stepped in” when Firstland Holdings, promoted by the son-in-law of Essar Group’s Ravi Ruia, “wanted to sell its stake in the company”.

When IANS reached out to an Income Tax (I-T) official, he said: “There are many reports that flow in. But I-T department cannot comment on it while the investigations are on.”

NuPower has been on the radar of investigative agencies since news reports raised questions about the chairman of Videocon Venugopal Dhoot giving a loan of Rs 64 crore to the firm he had jointly promoted with Deepak Kochhar, husband of ICICI CEO Chanda Kochhar, six months after his group received a Rs 3,250 crore loan from ICICI.

The Income Tax Department has so far sent two notices to Kochhar. On April 30, it sent a notice under Section 139(9) of the Income Tax Act seeking an explanation on his personal income. IT had earlier sent a notice in the first week of April to NuPower Renewables, which was formed in December 2008.

Sources earlier told IANS that the Foreign Tax Division of the department has written to the authorities in Mauritius seeking details of the ownership of DH Renewables Holding Ltd, a major shareholder in NuPower Renewables.

The CBI has registered a preliminary inquiry against Kochhar, Videocon Group officials and others to determine any wrongdoing or otherwise in the sanction of the loan to the Videocon group by the ICICI Bank as part of a consortium of banks in 2012.

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