Business Economy


MCL inks Rs 5.99 cr MoU for education, community development in Odisha’s Jharsuguda district

Bhuwaneshwar, Nov 11 (UNI) Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, has inked two Memoranda of Understanding (MoUs) with the District Administration, Jharsuguda, for key Corporate Social Responsibility projects to upgrade educational facilities, strengthen digital learning infrastructure, and improve community spaces within the district.
Under the first MoU, MCL will provide Rs 4.50 crore for the construction of electrified classrooms at Brajrajnagar College and rejuvenation and beautification of the Khaliakani Pond in Brajrajnagar which includes jetty construction, pathway development, and landscaping.
This initiative is designed to restore the pond’s ecological value and enhance it as a functional public space for local residents.
While in another MoU, MCL will provide Rs 1.49 crores to District administration, Jharsuguda to establish ICT labs in 130 Government Upper Primary Schools of Jharsuguda District.
This will include desktop computers, UPS systems, computer tables, and chairs, enabling greater access to digital education. This project will help to boost digital literacy and ensure inclusive, technology-driven learning opportunities for students across the district.
Through these meaningful CSR initiatives, MCL reaffirms its continued commitment to strengthen educational and public infrastructure and contribute to sustainable community development across its operational areas, claimed the coal producing company in a statement.
UNI XC SAS BM
More News

Market valuation of five of top-10 most valued firms spikes by Rs 1 54 lakh crore

19 Jul 2026 | 12:09 PM

New Delhi, Jul 19 (UNI) In a week, the market valuation of five of the top-10 most valued firms jumped Rs 1.54 trillion. IT major TCS emerged as the biggest winner, in line with a positive trend in equities. TCS added Rs 72,072.3 crore, taking its market valuation to Rs 8,20,672.70 crore.

see more..

AP: India's largest fashion destination, 'TRENDS' opens store

18 Jul 2026 | 8:14 PM

Guntur, July 18 (UNI) India's largest and fastest growing apparel and accessories specialty chain of Reliance Retail, TRENDS, launched its 7th new Store in Amaravati Road at Guntur in Andhra Pradesh.

see more..

Revanth Reddy announces land for FICCI, reaffirms push for women-led entrepreneurship

18 Jul 2026 | 6:58 PM

Hyderabad, July 18 (UNI) Telangana Chief Minister A Revanth Reddy on Saturday reiterated his government's commitment to women-led development, announcing the allocation of 1,000 square yards of land near Shilparamam in Hitech City for the Federation of Indian Chambers of Commerce and Industry (FICCI) to establish its headquarters and one acre in Bharat Future City to make the organisation a partner in the State's flagship development project.

see more..

Kotak dismisses margin pressure concerns after 26 pc Q1 profit jump

18 Jul 2026 | 5:43 PM

Mumbai, July 18 (UNI) Kotak Mahindra Bank on Saturday sought to allay investor concerns over the quality of its June-quarter earnings after reporting a 26 per cent rise in standalone net profit to ₹4,123 crore, saying its net interest margins (NIM) had stabilised following the Reserve Bank of India's repo rate cycle and that earnings were driven by underlying operating strength rather than merely lower provisioning.

see more..

Kotak Mahindra Bank Q1 profit rises 26 pc as NPAs fall

18 Jul 2026 | 4:17 PM

Mumbai, July 18 (UNI) Kotak Mahindra Bank reported a strong start to the financial year with a 26 per cent jump in standalone net profit to ₹4,123 crore in the first quarter of FY27, supported by robust credit growth, higher deposits and a sharp improvement in asset quality.

see more..