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PCMC raises ₹ 200 crore through green bond
PCMC raises ₹ 200 crore through green bond

Hindustan Times

time5 days ago

  • Business
  • Hindustan Times

PCMC raises ₹ 200 crore through green bond

The Pimpri Chinchwad Municipal Corporation (PCMC) has raised ₹ 200 crore through a green municipal bond. This is the first Green Municipal Bond floated by a civic body, which received an overwhelming response from investors, the officials said on Wednesday. According to the officials, the issue floated on the BSE's Electronic Bidding Platform via private placement attracted bids worth ₹ 513 crore, oversubscribing the offer by 5.13 times. The base issue of ₹100 crore was fully subscribed within one minute of the issue opening, reflecting robust investor confidence, said the officials in a statement issued on Tuesday. Offered at a competitive coupon rate of 7.85%, the bonds are rated 'AA+' by CRISIL Ratings and CARE Ratings, with a tenure of five years. The structured repayment mechanism is secured through an escrow of Property Tax collections, ensuring timely servicing of interest and principal payments, they said. As per officials, this is also India's first Municipal Green Bond issued exclusively for a sustainable mobility project. These funds will accelerate the green infrastructure journey, supporting key projects like the Harit Setu in Nigdi Pradhikaran and the redevelopment of Telco Road from Gawali Matha to Indrayani Nagar Chowk — both contributing to PCMC's commitment to sustainable and climate-resilient urban development. Shekhar Singh, municipal commissioner, PCMC, said, 'The overwhelming response to our Green Bond is a testament to the trust that investors place in Pimpri Chinchwad's vision for a sustainable future. This funding will help us accelerate critical green infrastructure projects and strengthen our resilience against climate change.' As per officials, this is PCMC's second municipal bond in two years, following the successful ₹ 200 crore issue in July 2023.

Jerky and snack sticks recalled nationwide
Jerky and snack sticks recalled nationwide

Yahoo

time5 days ago

  • Business
  • Yahoo

Jerky and snack sticks recalled nationwide

(WJW) — More than 15,000 pounds of ready-to-eat jerky and snack stick products are being recalled due to misbranding and undeclared allergens. According to the U.S. Department of Agriculture's (USDA) Food Safety and Inspection Service (FSIS), the recalled products, made by Springville Meat & Cold Storage Co., Inc., contain anchovies, a known allergen that is not declared on the product label. Ground beef sold nationwide possibly contaminated with E. Coli According to FSIS, production observations by its inspectors revealed that anchovies were contained in the Worcestershire sauce used in the jerky and snack stick products. Worcestershire sauce without anchovies had been previously used. The recall includes a total of about 15,388 pounds of not only beef products, but venison, buffalo, and elk jerky as well. Here's what else to know: The affected items were produced from May 30, 2023, to May 30, 2025. They bear the establishment number 'EST. 20528' inside the USDA mark of inspection. They were shipped to retail locations nationwide. Below, you can view the multiple product labels and lot codes subject to the recall: Label Part 1 Label Part 2 Label Part 3 Label Part 4 Label Part 5 Lot Numbers So far, the FSIS said, there have been no confirmed reports of adverse reactions related to these products. However, anyone concerned about an injury or illness should contact a healthcare provider. Woman dies from brain-eating amoeba in tap water Consumers with food safety concerns can contact the USDA Meat and Poultry Hotline at 888-MPHotline (888-674-6854) or email MPHotline@ Issues with a meat, poultry or egg product can be reported to the Electronic Consumer Complaint Monitoring System. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

PCMC raises Rs 200 crore through Maharashtra's First Green municipal bond
PCMC raises Rs 200 crore through Maharashtra's First Green municipal bond

Indian Express

time7 days ago

  • Business
  • Indian Express

PCMC raises Rs 200 crore through Maharashtra's First Green municipal bond

Describing it as a landmark achievement, the Pimpri Chinchwad Municipal Corporation (PCMC) on Tuesday claimed that it successfully raised Rs 200 crore through 'Maharashtra's first Green Municipal Bond,' receiving an overwhelming response from investors. The issue, floated on the BSE's Electronic Bidding Platform via private placement, attracted bids worth Rs 513 crore — oversubscribing the offer by 5.13 times. The base issue of Rs 100 crore was fully subscribed within one minute of opening, reflecting robust investor confidence, the civic administration said. Offered at a competitive coupon rate of 7.85%, the bonds are rated 'AA+' by CRISIL Ratings and CARE Ratings, with a tenure of five years. The structured repayment mechanism is secured through an escrow of Property Tax collections, ensuring timely servicing of interest and principal payments, officials said. The funds raised will support two major green infrastructure initiatives — the Harit Setu Project in Nigdi Pradhikaran and the development of Telco Road from Gawali Matha to Indrayani Nagar Chowk — both contributing to PCMC's commitment to sustainable and climate-resilient urban development. Municipal Commissioner Shekhar Singh said, 'The overwhelming response to our Green Bond is a testament to the trust that investors place in Pimpri-Chinchwad's vision for a sustainable future. This funding will help us accelerate critical green infrastructure projects and strengthen our resilience against climate change.' This is PCMC's second municipal bond in two years, following the successful Rs 200 crore issue in July 2023. With the successful issuance of this green bond, PCMC also qualifies for a Rs 20 crore incentive from the Government of India, as part of its support for environmentally responsible financing, officials said. A. K. Capital Services Ltd served as the Transaction Advisor and Merchant Banker for the issue.

Where does Kettering Health stand nearly two weeks after cyberattack?
Where does Kettering Health stand nearly two weeks after cyberattack?

Yahoo

time03-06-2025

  • Health
  • Yahoo

Where does Kettering Health stand nearly two weeks after cyberattack?

DAYTON, Ohio (WDTN) — Kettering Health is working around the clock to bring systems back online following a cyberattack nearly two weeks ago. Kettering Health continues to provide updates as they recover from a cyberattack that sent all of their systems offline on May 20. Gradually, the healthcare network is relaunching their systems and bringing everything back online. Cyberattack a gut-punch to Kettering Health patients, staff On Monday, Kettering Health shared EPIC Electronic Health Record Systems are back online, which they say marks a major milestone in restoration efforts. The team says they're continuing to work on bringing back in- and out-bound calls to facilities and practices, as well as bring MyChart back online for patients. Last Friday, Kettering Health said patients who had information impacted by the cyberattack will be notified. They suspect the number should be fewer than they are estimating. For more information regarding Kettering Health's response to the cyberattack, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Premium Bonds checker: winners scoop millions in June 2025
Premium Bonds checker: winners scoop millions in June 2025

Scotsman

time02-06-2025

  • Business
  • Scotsman

Premium Bonds checker: winners scoop millions in June 2025

Modest investments have turned into million-pound fortunes 🎉 Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Lucky winners from Stockport and Edinburgh each bagged £1 million in June's Premium Bonds draw Both winners hold £5,000 in Premium Bonds, with winning bonds bought in 2005 and 2019 Premium Bonds offer tax-free prizes instead of interest, with jackpots up to £1 million Over 19,000 high-value prizes awarded this month, including 79 payouts of £100,000 Fully backed by the UK Government, Premium Bonds are a secure and fun way to save Two lucky UK savers are celebrating a £1 million windfall after winning big in the June 2025 Premium Bonds prize draw. Premium Bonds, issued by National Savings & Investments (NS&I), offer a unique way to save: instead of earning interest, each bond is entered into a monthly prize draw. Advertisement Hide Ad Advertisement Hide Ad Prizes range from £25 all the way up to a £1 million jackpot. While there's no guaranteed return, your initial investment is always secure. You can purchase Premium Bonds from just £25, up to a maximum of £50,000. They're available online through the NS&I website or by post with an application form and cheque. (Photos: Pexels/Getty Images) | Pexels/Getty Images Winners are drawn at random each month by ERNIE (Electronic Random Number Indicator Equipment), the trusted system that's been powering draws since 1957. Fully backed by the UK Government, Premium Bonds offer a safe way to save – with the added excitement of possibly winning a life-changing prize. Advertisement Hide Ad Advertisement Hide Ad Who are the big winners this month? This month's first £1 million winner is from Stockport and holds £5,000 in Premium Bonds. Their winning bond, 103FE583469, was purchased nearly 20 years ago in November 2005. The second jackpot winner, from Edinburgh, also has £5,000 invested. Their winning bond, 352AC359547, was bought in February 2019. While the million-pound prizes grab the headlines, 79 people won £100,000 each in June's draw, with NS&I awarding 19,581 'high value' prizes in total. Advertisement Hide Ad Advertisement Hide Ad The full list of winners can be found on NS&I's website. To see if your Premium Bonds have won a prize, use their official prize checker.

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