REC helps SSMI School, Punjabi Bagh to upgrade infrastructure
REC Foundation, the CSR arm of REC Limited, has committed a financial assistance of Rs 2.47 crore to SSMI, a not-for-profit society dedicated to providing free quality education to children from poor families. The funds will be utilised for expansion at SSMI School in Punjabi Bagh, West Delhi. New classrooms, library, computer room, science lab and exam hall are proposed to be added to the school infrastructure under the project. This will enable the school to turn from secondary to senior secondary school and admit more children from underprivileged backgrounds. The Memorandum of Agreement (MoA) was signed on 3rd January, 2018 in New Delhi by Rajpal Singh, DGM, REC, on behalf of REC Foundation and Sunita Bhasin, Director, SSMI in the presence of CP Bhatia, GM, REC & other senior officials of REC and SSMI.
NTPC Registers Highest Quarterly Generation with Double-Digit Growth
NTPC, the largest power generator of India, with installed capacity of 51383 MW, has recorded its highest ever quarterly generation of 67781 MUs during Q 3 of FY 2017-18 which is 10.39 per cent more than the generation of 61400 MUs recorded during the corresponding period of last year. NTPC has also achieved commercial declaration of 4415 MW capacity during the first nine months of current year itself. In line with GoI's thrust on Renewable energy, the company is also increasing its green footprint and has already generated 912 Million Units from its solar and wind stations during the year which is around 3 times its renewable generation during corresponding period of last year. With more than 20 GW capacities under various phases of construction, NTPC is all set to continue energising India's growth in the coming years.
ICICI Pru Balanced Advantage Fund: Make market dynamics work for you
Many retail investors are entering the markets through the mutual fund route for the first time. In a scenario where markets are trading close to their all-time high and earnings growth has been flat for the past four years, financial planners say that instead of investing in pure equity funds, first-time investors making should enter the equity markets through dynamic asset allocation funds. These funds reduce or increase their exposure to equity in the portfolio based on market valuations and are less risky or volatile compared to pure equity funds. ICICI Prudential Balanced Advantage Fund, the largest in the space with assets of Rs 22,465 crore under management, uses the price-to-book-value ratio of the market, to decide its equity allocation. Rebalancing is done on a daily basis. Its equity allocation can range anywhere between 30 per cent and 80 per cent, with debt making up the rest. For example, when the Sensex was at 23,002 on February 29,2016, with the price-to-book value of the Nifty at 2.81, the fund had a 76 per cent net equity exposure. With valuations inching up, the fund has trimmed its equity exposure to 37 per cent as of October 2017. Over the past year, the fund has delivered a return of 16.08 per cent, and it also uses derivatives to hedge against the downside or generate arbitrage returns. The equity portion is mainly invested in large-cap stocks, while in the debt portfolio; the fund does take some duration calls help make the most of rate declines.