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SECI Issues Show-Cause Notice to Reliance Power Over Fake Bank Guarantee

The Solar Energy Corporation of India (SECI) has issued a show-cause notice to Reliance Power Ltd. for allegedly submitting a fake bank guarantee in a recent tender bid. The bid, submitted by Reliance NU BESS, a subsidiary of Reliance Power, was for the establishment of a 1,000 MW/2,000 MWh energy storage system. SECI’s investigation revealed that the bank guarantee, purportedly issued by FirstRand Bank’s Manila branch, was fraudulent, as no such branch

General

14 Nov 2024 10:34 AM 1.14k views

SECI Issues Show-Cause Notice to Reliance Power Over Fake Bank Guarantee

The Solar Energy Corporation of India (SECI) has issued a show-cause notice to Reliance Power Ltd. for allegedly submitting a fake bank guarantee in a recent tender bid. The bid, submitted by Reliance NU BESS, a subsidiary of Reliance Power, was for the establishment of a 1,000 MW/2,000 MWh energy storage system. SECI’s investigation revealed that the bank guarantee, purportedly issued by FirstRand Bank’s Manila branch, was fraudulent, as no such branch

General

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project. The Incident: Fake Bank Guarantees in SECI Tender

Business

07 Nov 2024 04:38 AM 1.19k views

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project. The Incident: Fake Bank Guarantees in SECI Tender

Business

Challenges India Faces in Securing a Permanent Seat on the UN Security Council

India has long aspired to secure a permanent seat on the United Nations Security Council (UNSC), arguing that its status as an emerging superpower merits representation at the high table. Despite support from several permanent members and international coalitions advocating for UNSC reform, experts remain skeptical about India's chances in the near future. One of the most significant hurdles is China’s steadfast opposition. As the only Asian country with a permanent seat,

Global News

20 Sep 2024 09:54 AM 1.69k views

Challenges India Faces in Securing a Permanent Seat on the UN Security Council

India has long aspired to secure a permanent seat on the United Nations Security Council (UNSC), arguing that its status as an emerging superpower merits representation at the high table. Despite support from several permanent members and international coalitions advocating for UNSC reform, experts remain skeptical about India's chances in the near future. One of the most significant hurdles is China’s steadfast opposition. As the only Asian country with a permanent seat,

Global News

From Private Jets to Commercial Flights: YS Jagan Mohan Reddy

Power has a profound impact on the lives of politicians, a fact vividly illustrated by recent events involving former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy. During his tenure as CM, Jagan enjoyed the luxury of flying in private jets, a privilege that facilitated his personal and professional travel with utmost convenience. This exclusive air travel arrangement underscored the distinction and ease afforded by political power. However, the recent electoral loss has brough

Political News

14 Aug 2024 05:07 AM 1.36k views

From Private Jets to Commercial Flights: YS Jagan Mohan Reddy

Power has a profound impact on the lives of politicians, a fact vividly illustrated by recent events involving former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy. During his tenure as CM, Jagan enjoyed the luxury of flying in private jets, a privilege that facilitated his personal and professional travel with utmost convenience. This exclusive air travel arrangement underscored the distinction and ease afforded by political power. However, the recent electoral loss has brough

Political News

The Power of Infinity'- Health, Well Being and Anticancer Lifestyle

'The Power of Infinity'- Health, Well Being and Anticancer Lifestyle: Anupkumar Shetty MD FASN In this book, author's semi-autobiography has been used to explain the science and logistics of living a cancer-free life. A sincere attempt has been made to bridge secular and spiritual life, the science of cancer, and the science of wellness. This book conveys different ways to beat cancer and prevent cancer by systematically attacking the cancer cells with a

General

22 Nov 2022 02:01 AM 1.15k views

The Power of Infinity'- Health, Well Being and Anticancer Lifestyle

'The Power of Infinity'- Health, Well Being and Anticancer Lifestyle: Anupkumar Shetty MD FASN In this book, author's semi-autobiography has been used to explain the science and logistics of living a cancer-free life. A sincere attempt has been made to bridge secular and spiritual life, the science of cancer, and the science of wellness. This book conveys different ways to beat cancer and prevent cancer by systematically attacking the cancer cells with a

General

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#veto-power

SECI Issues Show-Cause Notice to Reliance Power Over Fake Bank Guarantee

SECI Issues Show-Cause Notice to Reliance Power Over Fake Bank Guarantee

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Challenges India Faces in Securing a Permanent Seat on the UN Security Council

Challenges India Faces in Securing a Permanent Seat on the UN Security Council

From Private Jets to Commercial Flights: YS Jagan Mohan Reddy

From Private Jets to Commercial Flights: YS Jagan Mohan Reddy

The Power of Infinity'- Health, Well Being and Anticancer Lifestyle

The Power of Infinity'- Health, Well Being and Anticancer Lifestyle

Swiggy Attracts Celebrity Investors Ahead of IPO Announcement

Sportfishing on the Hudson River gains traction with Hoboken guide offering unique trips

UnitedHealthcare CEO Brian Thompson Shot Dead in New York

Felix Baumgartner, famed space jumper, dies in Italy paragliding crash

India's PMO to Hold Key Meeting as US Doubles Tariffs on Indian Goods

The Resilient Journey of Raghu Rama Krishna Raju

Memorial Day Ceremony in Fremont to Feature KC135 Flyover and Speech by Navy Captain

Drunk Hyderabad Techie Does 6 Accidents In 6 Minutes

Investing in a Post-Pandemic World: Opportunities and Challenges Ahead

Trump's Executive Order Challenges Birthright Citizenship

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Swiggy Attracts Celebrity Investors Ahead of IPO Announcement

Sportfishing on the Hudson River gains traction with Hoboken guide offering unique trips

UnitedHealthcare CEO Brian Thompson Shot Dead in New York

​Felix Baumgartner, famed space jumper, dies in Italy paragliding crash

India's PMO to Hold Key Meeting as US Doubles Tariffs on Indian Goods

The Resilient Journey of Raghu Rama Krishna Raju

Memorial Day Ceremony in Fremont to Feature KC135 Flyover and Speech by Navy Captain

Drunk Hyderabad Techie Does 6 Accidents In 6 Minutes

Investing in a Post-Pandemic World: Opportunities and Challenges Ahead

Trump's Executive Order Challenges Birthright Citizenship

#veto-power

SECI Issues Show-Cause Notice to Reliance Power Over Fake Bank Guarantee

SECI Issues Show-Cause Notice to Reliance Power Over Fake Bank Guarantee

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Challenges India Faces in Securing a Permanent Seat on the UN Security Council

Challenges India Faces in Securing a Permanent Seat on the UN Security Council

From Private Jets to Commercial Flights: YS Jagan Mohan Reddy

From Private Jets to Commercial Flights: YS Jagan Mohan Reddy

The Power of Infinity'- Health, Well Being and Anticancer Lifestyle

The Power of Infinity'- Health, Well Being and Anticancer Lifestyle

Swiggy Attracts Celebrity Investors Ahead of IPO Announcement

Sportfishing on the Hudson River gains traction with Hoboken guide offering unique trips

UnitedHealthcare CEO Brian Thompson Shot Dead in New York

​Felix Baumgartner, famed space jumper, dies in Italy paragliding crash

India's PMO to Hold Key Meeting as US Doubles Tariffs on Indian Goods

The Resilient Journey of Raghu Rama Krishna Raju

Memorial Day Ceremony in Fremont to Feature KC135 Flyover and Speech by Navy Captain

Drunk Hyderabad Techie Does 6 Accidents In 6 Minutes

Investing in a Post-Pandemic World: Opportunities and Challenges Ahead

Trump's Executive Order Challenges Birthright Citizenship

Popular Cities

Felix Baumgartner, famed space jumper, dies in Italy paragliding crash

Felix Baumgartner, famed space jumper, dies in Italy paragliding crash