Latest news with #JVA
Zawya
4 days ago
- Climate
- Zawya
Jordan: Dam storage drops to 'red Line' thresholds, raising water security concerns
AMMAN — The Jordan Valley Authority (JVA) on Thursday warned that dam storage levels have dropped to 'red line' thresholds this summer, raising concerns over the country's water security. JVA Secretary-General Hisham Al Hesa told Al Mamlaka TV that an emergency plan is in place to ensure water supplies for both domestic and agricultural use. He said distribution between drinking water and irrigation has been carefully managed despite the sharp decline in rainfall. 'Although dam levels are critically low this summer, we want to reassure citizens and farmers that a contingency plan is in place to manage the situation,' Hayasa said. He noted that rainfall this season reached just 35 per cent of the annual average, prompting early measures last year to safeguard irrigation water for farmers. Raed Saaydeh, president of the Cooperative Date Growers Association, said the shortage has hit farmers hard, with some reporting losses of up to 30 per cent. He warned that reduced pumping this season is already affecting date production. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Time of India
4 days ago
- Business
- Time of India
K-RERA allows flat-owners to takeover apartments under construction
Kochi: In a landmark decision, Kerala Real Estate Regulatory Authority (K-RERA) has issued an order allowing a flat allottees association to take over an under-construction apartment complex from the promoter. K-RERA granted takeover of the nine-storey apartment complex in Angamaly by exercising its special powers under the Real Estate Regulation and Development Act, 2016. MIR CINTRA in Angamaly, the registered association of allottees of the real estate project, approached K-RERA against the promoter of MIR Builders and Developers Pvt Ltd, which failed to hand over the flats to the beneficiaries. The complainants pointed out that although Rs 15.06 crore were collected from the allottees, the promoters did not even complete the structural works of the building. Although K-RERA ordered the promoters to complete the project in a time-bound manner, and despite the extension of registration, the promoter was unable to complete the project. Later, the promoter, in an affidavit, admitted that they were not in a good financial position even to pay compensation. Furthermore, the promoter also consented to hand over the project to the flat allottees association. The order, based on the suo motu proceedings initiated in July last year, states, "The association may be allowed to take over the project MIR Cintra and carry out all remaining construction works, not limited to the construction of apartments and common amenities. The association may be permitted to register as the promoter of the project and be exempted from payment of any registration fees. The existing joint venture agreement (JVA) entered into between the promoter and the landowners may be cancelled and annulled, and landowners may be directed to enter into a JVA with the association for the purpose of enabling the takeover of the project. " Sandeep Sreekumar, who legally represented the association, said that the association is planning to complete the pending project by pooling funds from around 50 flat-owners who are members of the association. "The order, which is the first of its kind from K-RERA in the state, is a big relief to the allottees who are legally fighting for many years, and they are hopeful that they can revive the project," he said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Independence Day wishes , messages , and quotes !
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Business Standard
10-07-2025
- Business
- Business Standard
This smallcap realty stock jumped 9% after acquiring 2 prime land parcels
Peninsula Land share price jumped 9.2 per cent, logging an intraday high at ₹39.5 per share on Thursday. At 10:23 AM, Peninsula Land shares were up 7.47 per cent at ₹38.86 per share on the BSE. In comparison, the BSE Sensex was down 0.22 per cent at 83,353.69. The company's market capitalisation stood at ₹1,259.07 crore. Its 52-week high was at ₹71.49 per share and 52-week low was at ₹21.05 per share. Why are Peninsula Land shares rising in trade? The buying on the counter came after the company announced acquiring two prime land parcels in Sogaon, Alibaug (11 acres) and Bhilawale, Karjat (29 acres). The company had recently set up an ₹765 crore Real Estate development platform through an equity partnership with investors, Alpha Alternatives and Delta Corp. A joint venture agreement (JVA) was formed on June 24, 2024, to create a real estate platform in partnership with Alpha Alternatives Special Situations Fund and Delta Corp Limited. As part of this platform, a special purpose entity—Prairie Real Estate LLP—has acquired around 11 acres of land in Sogaon, Alibaug, for a proposed premium plotted development project. This is the second such acquisition under the JVA, following earlier deals totalling approximately 32 acres in Bhilavale, Karjat. So far, the JVA partners have committed approximately ₹216 crore to these real estate projects. These developments, along with others planned under the JVA, are expected to support the company's long-term growth. The upcoming projects in Alibaug and Karjat are poised to offer buyers more than just land. Designed as premium plotted communities, they will feature modern infrastructure, curated amenities, and a secure living environment—elements rarely seen in standalone land transactions. These plots are targeted toward investors, second-home buyers, and urban families seeking a long-term lifestyle upgrade or a luxury getaway Further, in the past, the company launched AshokVann in Pune in 2023, offering 321 plots, followed by AshokVistas in 2025, which featured 125 plots and received an overwhelming response—with nearly all inventory sold out on Day 1. In addition to Pune, Peninsula Land has its plotted land portfolio across Nashik, Goa, and Lonavala, reinforcing its commitment to developing high-potential land destinations that align with lifestyle aspirations and future growth corridors.
IOL News
03-07-2025
- Business
- IOL News
UKZN and Youtility partner to revolutionise South Africa's energy landscape with AI-driven technology
At the signing of the significant Joint Venture Agreement were Wayne Mostert, Director at Youtility (front left) and Professor Anil Chuturgoon (Acting Deputy Vice-Chancellor for Research and Innovation at UKZN). Professor Leigh Jarvis, Acting Director of the UKZN Eskom Power Engineering Program (back left), Professor Neil Koorbanally (Acting Dean of Research at UKZN), and Dr Nhlanhla Msomi (Director of Innovation at UKZN). Image: Supplied In a monumental step towards redefining South Africa's energy future, the University of KwaZulu-Natal (UKZN) has announced a strategic Joint Venture Agreement (JVA) with Hong Kong tech company Youtility. This collaboration promises to harness cutting-edge, AI-driven technology to enhance how electricity is produced, managed, and distributed—setting the stage for a cleaner, more sustainable energy model. The JVA aligns with UKZN's vision of evolving into South Africa's first predominantly renewable green university. With Eskom Distribution already expressing interest in the project's potential, the agreement positions UKZN as a pioneering test bed for next-generation energy technologies. This collaborative framework not only aims at local energy independence but also aspires to provide a blueprint that could influence national energy distribution policies in the years to come. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading During the launch event at UKZN's Westville campus, Acting Deputy Vice-Chancellor for Research and Innovation, Professor Anil Chuturgoon, described the partnership as a 'defining moment' in addressing South Africa's chronic energy issues. He emphasised, 'This concept of green energy is going to transform the energy landscape in South Africa.' Professor Leigh Jarvis, Acting Director of the UKZN Eskom Power Engineering Program, echoed these sentiments, asserting that the partnership represents a commitment to transformative change. 'At its core, the recognition that the future of electricity lies in disruption networks and decentralised energy systems is essential. Microgrids powered by solar energy, storage solutions, and advanced operational systems are becoming key pillars in creating a resilient, flexible, and inclusive energy landscape,' he noted. Youtility's Director, Wayne Mostert, detailed how their flagship technology, the AI-driven operating system called Wizdom, will reshape electricity management. He likened the anticipated shift in the utility sector to the digital disruption experienced in entertainment media. 'Where Blockbuster failed to adapt, Netflix scaled using data and customer-centricity. Similarly, Youtility aims to reform the utility landscape with a decentralised, user-centred infrastructure,' Mostert explained. The strategic rollout will begin at the Westville campus, encompassing all five UKZN campuses—Howard, Edgewood, Medical School, and Pietermaritzburg—over the coming phases. The initiative promises not only to bolster local energy independence but to cultivate a hands-on learning environment for students involved in managing and maintaining this advanced system. Students will also gain invaluable experiential learning by participating in real-world applications of energy technology, contributing to research, and potentially launching spin-off companies that stem from this partnership. Professor Jarvis elaborated on this dual advantage: 'This collaboration paves the way for student-led innovations and a direct connection between academic learning and the industries that will shape our energy future.' Addressing the prevalent issue of load shedding, the innovative energy model offers a compelling solution. By employing a decentralised approach, UKZN will begin generating power on-site through over 2,000 solar panels and battery storage units. The intelligent management by Wizdom will ensure a steady power supply, buffering against national grid failures by allowing each campus to operate independently during outages. Through this sustainable setup, UKZN aims not only to reduce operational costs but also generate bill savings for consumers. By introducing real-time blockchain billing, consumers will have unmatched transparency concerning their energy usage—paying only for what they consume, reducing the likelihood of electricity theft and restoring fairness to billing practices. In its pursuit of becoming the country's most environmentally sustainable university, UKZN aims to generate clean energy daily while significantly decreasing fossil fuel reliance. The project also envisions creating an innovation hub for energy technology at the university, further bridging the gap between academia and industry in the broader fight against climate change.
Business Upturn
26-06-2025
- Automotive
- Business Upturn
ASK Automotive enters JV with Germany's TDH to manufacture sunroof control cables for passenger vehicles
By Aman Shukla Published on June 26, 2025, 15:33 IST ASK Automotive Limited has officially entered into a Joint Venture Agreement (JVA) with Germany-based T.D. Holding GMBH (TDH) for the production and marketing of sunroof control cables and helix cables for passenger vehicles. This move follows board approval on June 25, 2025, and marks a strategic collaboration to tap into the growing demand for advanced automotive components in India. The new joint venture company (JV Co.), to be incorporated in India, will focus on supplying these specialized components to OEMs, Original Equipment Suppliers, and Tier 1 suppliers in the Indian automotive market. Under the agreement, TDH will hold a 51% stake in the JV Co., while ASK will own 49%. The board of directors for the JV Co. will comprise five members, with ASK nominating two and TDH three. TDH will also contribute its technical expertise and manufacturing know-how to the venture, ensuring global-quality standards in product development. Both parties have confirmed there are no related party concerns or conflicts of interest, although two directors will be common to both ASK and the JV Co. This partnership reflects ASK Automotive's commitment to expanding its product offerings and deepening its presence in the high-precision component segment, especially for the evolving needs of India's passenger vehicle industry. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
