The MoUs with the two entities, valued at Rs 300 crore and Rs 200 crore, respectively, focus on crucial aspects of energy efficiency, including lighting, clean cooking, space heating, renewables, e-mobility, cooling, and consultancy.
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The benchmark Sensex, which was trading up around 285 points at 72,035 when the finance minister rose to present the interim budget at 11am, had given up most of the day’s gains to hover around 71,815 up around 63 points – when the speech concluded around 12 noon.
India s mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013.
MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds.
By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.