Vadodara Municipal Corporation on March 1 raised Rs 100 crore through green municipal bonds maturing in five years at a coupon rate of 7.90 percent, officials told Moneycontrol. The bidding for the bonds took place on electronic bidding platform of BSE. The corporation will deploy these funds in three projects viz., the 100 MLD STP Plant at SHERKHI, 21 MLD STP and Pumping station at UNDERA.

In a bid to increase footfalls in Metro and monorail, state govt has decided to incorporate a new Regulation 33(23) to deal exclusively with transit-oriented development (TOD) zones in the city's Development Control and Promotion Regulations - 2034. The TOD zone will come up within 500m of a Metro and monorail station, stated a govt notification.

State-owned power giant NTPC on Friday said the group's total installed capacity crossed the 75 GW mark with the completion of trial operations of the second unit of a 660 MW thermal power project in Jharkhand. "Unit-2 of 660 MW capacity of North Karanpura Super Thermal Power Project, (3 x 660 MW) has successfully completed trial operation.

China's housing and financial regulators on Thursday urged prefecture-level and above cities to establish a financing coordination mechanism before March 15 in a bid to support the country's struggling property sector. Financial institutions need to prevent loans from being misappropriated and safeguard the safety of credit funds.

Education and technology services platform K12 Techno Services, which runs the Orchids International School chain, will see its revenue increase from ₹383 crore in FY23 to about ₹450 crore in FY24 on the back of increased demand for its services from schools, according to a senior executive at the company.The startup, which reported a profit of ₹39 crore in FY23, will remain profitable.

The Nifty made a recording-breaking start to the March series, clocking the biggest single-day gains in a month to close above the 22,300 mark for the first time. Buying across sectors, barring technology and pharma, and better-than-expected third-quarter GDP numbers boosted the sentiment. The index opened above 22,000 points and gained strength as the day progressed.

A lot of investors seek monthly income through their investments. While the majority of them prefer guaranteed return income plans, a number of them opt market-linked plans. Some of the investment schemes offering monthly income are Senior Citizen Saving Scheme, Post Office Monthly Income Scheme, Government Bonds, Pradhan Mantri Vaya Vandana Yojana, and Life Insurance Plus Saving, mutual funds.

Private hospitals and associations have said that a Supreme Court suggestion that standardised rates be established for various medical procedures should not be implemented without a proper analysis of costing, patient requirements and the expertise of doctors. They argue that treatment procedures at hospitals are a service and should not be compared to a product.

State-owned listed construction firm NBCC (India) Ltd has sold 2.05 lakh square feet of commercial space in the World Trade Centre in Delhi for around Rs 828 crore, the company said in a regulatory filing. The company said that the commercial space at the World Trade Centre (WTC) in Nauroji Nagar in south Delhi was sold in the 24th e-auction.

Bank Nifty closed above 47,300 following a bullish upsurge in Friday's session. According to a technical analyst at Nuvama, Bank Nifty is now poised to target 49,500 and 50,600 after the technical charts reveal a Morning Star pattern. Bank Nifty has formed a Multiple Inside Candle formation on the monthly charts, indicating compression and often leading to a trend move on a breakout.

A 72-year-old and his 65-year-old partners of a construction firm, who collected the bookings from various flat buyers in an upcoming redevelopment project in Vile Parle in 2014 and failed to complete the project and deliver the flats were arrested by the Mumbai police. The Economic Offences Wing (EOW)'s Unit 2 arrested Manoj Champaklal Shah, 72, and Suresh Shroff, 65.

India collected Rs 1.68 lakh crore in goods and services tax (GST) in February, 12.5 percent more than the year-ago period, the finance ministry said on March 1. At Rs 1.68 lakh crore, the February GST collection is 3.3 percent lower than the Rs 1.72 lakh crore in January, now revised upwards to Rs 1.74 lakh crore. The latest GST figure, which has come in above the Rs 1.5-lakh-crore mark.

Investments from Mauritius-based funds to India before March 31, 2017 may face additional tax scrutiny because of the Mauritius government’s recent decision to alter the India-Mauritius tax treaty, experts said. Last week, the Mauritius cabinet agreed to amend the DTAA with India to comply with standards prescribed by the Economic Co-operation and Development, an intergovernmental organization.

Ola Electric announced on March 1 that it has achieved a milestone by clocking 35,000 registrations in February. The company said it continues to dominate the EV 2W (two-wheeler) segment with a market share of 42%. The company said it witnessed its highest-ever monthly registrations in February, a growth of nearly 100 percent YoY.

Maruti Suzuki India on Friday said it has reported a 15 per cent year-on-year increase in total wholesales at 1,97,471 units in February. The company had dispatched a total of 1,72,321 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement. The total domestic passenger vehicle sales grew 9 per cent at 1,60,271 units as against 147,467 units in the month a year ago.