Asian Paints Where The Heart Is returns with five exquisite home tours in Season 9,

 showcasing how celebs are redefining homes through colour, emotion, identity and design

Introduces the ‘Asian Paints Where The Heart Is’ Lookbook to help consumers decode colour and décor inspiration for their own homes

Mumbai, January 23, 2026: Asian Paints, India’s leading paint and décor company, returns with the 9th  season of its much-loved home décor and storytelling property, Asian Paints Where The Heart Is. Over the years, the series has become a cultural touchstone, celebrating homes that are deeply personal reflections of the people who inhabit them. Season 9 continues this legacy, bringing to life stories that go beyond walls and colours to uncover the emotions, memories and values that truly make a house a home.

This season opens the doors to five distinctive homes of some of India’s most admired personalities, Sonakshi Sinha and Zaheer Iqbal, Gautam Gambhir, Keerthy Suresh and Antony Thattil, Archana Puran Singh and Parmeet Sethi, and Aman and Priya Gupta. While each home is different in style, geography and personality, they are united by a shared sense of warmth, authenticity and emotional depth. Across the season, viewers witness how homes become living canvases, shaped by relationships, routines, memories and the everyday moments that make life meaningful.

Viewers step into spaces that feel deeply lived-in and personal, each shaped by the lives lived within them. Archana and Parmeet invite audiences into their Anglo-Spanish inspired home in Madh, that has grown gently over time, rooted in family, nature and shared memories. Keerthy and Antony’s vibrant Kochi apartment reflects her instinctive relationship with colour and emotion, layered with playful details and spaces designed for everyday joy. Sonakshi and Zaheer open the doors to their penthouse ‘Saada’, a home that holds many moods, from lively conversations in the sunken pit to quieter, memory-filled corners.

Speaking on the launch, Amit Syngle, MD & CEO, Asian Paints said “With the ninth season of Asian Paints Where The Heart Is, we are proud to continue a journey that Asian Paints has been committed to for decades, helping Indians see their homes not just as places they live in, but as personal reflections of who they are. With over 1 billion views & counting, Asian Paints Where the Heart Is continues to be India’s most loved & watched home décor shows. Over the years, this series has evolved into a meaningful platform through which we have guided consumers on colour, décor and design — simplifying choices, demystifying trends, and showing how thoughtful design decisions can elevate everyday living. As a brand that has long stood for colour and design authority, this responsibility lies at the heart of everything we do.

MHADA lifts stop work from a project stalled for 17 years

A stop work notice which brought a project spread over 9 acres in Jogeshwari to a grinding halt,

crashing dreams of 576 occupant families and 350 home buyers, has recently been lifted by

MHADA’s building permission cell. This is after Pune based Mantra Group was asked to take the

over the project by National Company Law Tribunal (NCLT).

The saga revolved around redevelopment of MHADA colony which had 576 houses under the

banner of Majaswadi Sarvodayanagar Co-operative Housing Society. Back in 2008, the residents

decided to undertake the redevelopment of the colony, as a composite redevelopment scheme.

They appointed Acme Realities Pvt Ltd to execute the project. The project involved rehousing all

the occupant families and using the remaining land parcel for constructing sale towers. Acme

started construction of three towers for 171 of the 576 original occupants, and also launched two

sale towers. They sold houses to 350 home buyers in the two towers.

In order to finance the scheme, they raised substantial funds, which by the time the matter came

to NCLT had reached Rs 4,326.72 crores. When Acme could not complete the project, home

buyers moved NCLT. In August last year, NCLT entrusted Mantra to complete the project. Total

of 14 developers were in the fray for the project.

Within weeks of taking over, mantra cleared back rent of 316 tenants and paid them rent for the

current year. The 92 tenants on site were paid 1 year rent in advance and next year's pdc was

handed over along with hardship charges. Mantra has started work on homebuyer towers and is

now pushing towards completion

To add to this, Mantra has recently received funding of Rs 340 crores from ASK Property Fund,

the real estate arm of the Blackstone-backed ASK Asset & Wealth Management Group. The

funding will enable Mantra to put the development of Jogeshwari project in fast track.

Mantra Properties has established itself in Pune market. Over the past 18 years, the developer has

completed 16 large projects spanning housing 7,500 plus families.

Amit Bhagat, Co-founder, MD & CEO, ASK Property Fund, stated“ We remain committed to

providing growth capital for land acquisition of residential projects linked to approvals and

requiring financial closure of up to INR 500 crore.”

Rohit Gupta, CEO, Mantra Group, said, “The collaboration between ASK Property Fund and

Mantra Group is coming at a very opportune time. Of the three projects that are being invested

into, two of them have been stuck for a significant time, leaving many homebuyers in a lurch. In

the Mumbai project, Mantra’s acquisition and ASK Property Fund’s investment will impact lives of

576 families residing on the land parcel and another 350 families who had bought homes in the

erstwhile proposed development. As a group, we are committed to delivering quality homes and

fulfilling long-pending wishes of homebuyers.”

Bank of India reports Operating Profit for Q3FY26 grew by 13% YoY to ₹4,193 crores

Mumbai, 21 January 2026: Bank of India announced its results for the Q3 FY26. Operating Profit for Q3FY26 increased by 13% YoY and stood at ₹ 4,193 crores, while Operating Profit for 9M-FY26 increased by 4% YoY and stood at ₹ 12,023 crores.

 

Net Profit for 9M-FY26 increased by 14% YoY at ₹7,511 crores. Net Profit for Q3FY26 grew by 7% YoY to ₹2,705 crores Bank’s ROA and ROE for Q3-FY26 increased to 0.96% and 15.34% respectively. ROA and ROE for 9M-FY26 stood at 0.90% and 14.49% respectively. Bank’s Global and Domestic NIM for Q3FY26 stood at 2.57% and 2.80% respectively. Net Interest Margin (NIM) of Global and Domestic for 9M-FY26 stood at 2.51% and 2.76% respectively.

 

Bank’s Domestic Advances registered a growth of 15.16% YoY and Global Advances registered a growth of 13.63% YoY. Bank’s Global Business crossed ₹ 16 Lakh crores milestone. Retail Advances grew by 20.64% YoY, Agriculture Advances grew by 16.69% YoY followed by MSME Advances which grew by 15.77% YoY and Corporate Advances grew by 11.32% YoY. RAM % share in Advances increased to 58.54%. Bank’s Deposits grew by 11.64% YoY with Domestic Deposits grew by 12.80% YoY. CASA Deposit grew by 4.48% YoY and CASA ratio stands at 37.97% as on 31st December, 2025

 

Net Interest Income (NII) for 9M-FY26 stood at ₹ 18,442 crores and for Q3-FY26 stood at ₹ 6,461 crores. Non-Interest Income for Q3-FY26 grew by 30% YoY at 2,279 crores and increased in 9M-FY26 by 20% YoY at ₹ 6,665 crores

Gross NPA ratio at 2.26% improved by 143 bps YoY. Net NPA ratio at 0.60% improved by 25 bps YoY. PCR improved by 112 bps YoY and stands at 93.60%. Slippage Ratio for Q3FY26 improved by 3 bps YoY and stands at 0.16%. Credit Cost for 9M-FY26 improved by 30 bps YoY to 0.42% and for Q3FY26 improved by 5 bps YoY to 0.34%.

 

Capital Adequacy Ratio stands at 17.09%

 

On the digital and alternate channels front, 7 Lakh+ customers added during Q3-FY26, taking total UPI customers to 242 Lakh+. The share of alternate channels in total transactions increased to ~96% in Q3-FY26.

 

9th Edition of Penang Roadshow to India Drives Business Events and TourismMomentum for Visit Malaysia Year 2026

19th January 2025

India: Guided by the theme ‘Simply Penang’, the Penang Convention & Exhibition

Bureau (PCEB) leads the 9th edition of the Penang Roadshow to India 2026, reaffirming

Penang’s long-standing commitment to the Indian market and strengthening bilateral

ties in tourism and business events.

Taking place from 19 to 27 January 2026, the roadshow covers four major Indian cities

— Mumbai (19 January), New Delhi (21 January), Kochi (23 January) and Chennai (27

January). The programme engages more than 800 qualified buyers and over 100 media

representatives across the four cities, connecting Penang directly with decision-makers

across the leisure, corporate, incentive and meetings sectors.

Now in its ninth edition, the Penang Roadshow to India stands as a strategic platform

for sustained market engagement, business matching and destination promotion. India

remains one of Penang’s most important and resilient source markets, with strong

demand across leisure travel, business events and incentive travel.

As of November 2025, Penang had received over 42,367 visitors from India, marking a

significant rise that has propelled India from outside the top 10 in 2024 to become one

of Penang’s top six international source markets. This underscores India’s strategic

importance as Penang intensifies its global outreach efforts ahead of Visit Malaysia

Year 2026 (VM2026).

The continued visa exemption for Indian nationals until 31 December 2026 further

enhances accessibility and travel convenience, reinforcing Malaysia and Penang’s

competitiveness as preferred destinations for both tourism and business events.

Penang’s strong performance extends beyond leisure tourism. Up to November 2025,

the destination hosts more than 2,900 business events, generating an estimated

economic impact of RM1.3 billion, with final figures for December currently being

consolidated. These outcomes reflect Penang’s mature business events ecosystem,

robust infrastructure, professional services and its ability to deliver high-value,

high-impact events across multiple sectors.

No. 14A & 16A (First Floor), The Whiteaways Arcade, Lebuh Pantai, George Town,10300 Penang, MALAYSIA

T/ +604 261 6161 F/ +604 261 6171 E/ info@pceb.my W/ www.pceb.m

Live Times Expands its Global Footprint; Reaches 70 Million People in USA and Canada

National, January 17, 2026 :  India’s first Global Multicast News Hub, Live Times, today announced a major expansion of its international footprint with its launch across North America, making the channel accessible throughout the United States and Canada via UVOtv, a FAST platform serving global diaspora audiences.

With this strategic expansion, Live Times’ accurate and authentic news coverage from India is now available to an addressable audience of over 70 million people across North America who speak languages other than English. The development significantly amplifies India’s voice within the global information ecosystem and marks an important milestone in Live Times’ international growth journey—reinforcing its commitment to credible, truth-driven journalism that transcends borders.

North America remains a priority market for Live Times, owing to its large, influential, and deeply connected Indian diaspora. Building on its strong presence in the Middle East, Australia and Oceania, this expansion aligns seamlessly with the channel’s mission to connect meaningfully with overseas audiences, while ensuring that India’s perspective is presented globally with clarity, responsibility, and integrity.

Live Times’ availability on UVOtv enables the network to engage a diverse international viewership while remaining firmly anchored to its editorial ethos—delivering journalism that is factual, fearless, and uncompromising in its pursuit of truth.

Commenting on the expansion, Dilip Singh, Founder, Live Times, said: “Live Times was founded with a singular mission: to amplify India’s voice on the global stage, and contribute towards ‘Truth Based World Information Order’. In building a meaningful and enduring connection with the Indian diaspora, this expansion across the United States and Canada—directly aligns with our mission and vision. This strategic arrangement accelerates our ability to achieve the global footprints and audience simultaneously, while extending our reach to a remarkable and big 70 million people in North America, thereby strengthening India’s voice, perspective, and also adding to the credible global information ecosystem. We also plan to expand our deeper coverage beyond Indian boundaries.”

Lionel Dreshaj, Founder and CEO of UVOtv, added:  “UVOtv is proud to welcome Live Times to the platform as we continue to expand access to trusted international news for diaspora audiences across North America. Live Times brings a credible, fact-driven news voice to our growing portfolio of global channels, enabling Indian audiences in the U.S. and Canada to stay connected to news from home.”

Now available on UVOtv, Live Times continues to broaden its global reach while remaining steadfastly anchored to its core promise of delivering accurate, authentic, and impactful journalism—without compromise.

India’s ‘Kaundinya’ Reaches Oman, Maritime Ties Set to Gain New Strength

Mumbai, 15th January– The Indian Navy’s traditionally built sailing vessel INSV Kaundinya reached Muscat, Oman, on 14th January after completing a challenging 17-day voyage. The indigenous vessel, constructed using ancient shipbuilding techniques, had set sail from Porbandar in Gujarat on 29th December 2025. The journey marks an important step in strengthening India’s maritime diplomacy and preserving its cultural heritage.

On the occasion, India’s Ministry of External Affairs expressed happiness, stating that the vessel is a symbol of Prime Minister Narendra Modi’s vision, showcasing India’s indigenous maritime knowledge, craftsmanship, and sustainable practices.

MEA spokesperson Randhir Jaiswal wrote on social media platform X, “A Voyage Across Time : Seas That Connect, Histories That Endure. Indian Naval Sailing Vessel (INSV) Kaundinya successfully completed its maiden voyage from Porbandar and arrived in Muscat today. Envisioned by PM Narendra Modi, this traditionally built stitched sail vessel stands as a powerful symbol of 5000 years of maritime, cultural and civilisational ties between India and Oman. It was warmly received by Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal and dignitaries from Oman.”

Kaundinya is inspired by a 5th-century ship depicted in the murals of the Ajanta Caves. It has been built without the use of modern nails or metal fasteners; instead, wooden planks are stitched together using ropes and cords. The vessel is named after the legendary ancient Indian mariner Kaundinya and reflects India’s indigenous maritime knowledge, craftsmanship, and sustainable traditions.

According to media reports, the ship has no cabins for rest. All crew members slept in sleeping bags during the voyage. The vessel has neither an engine nor GPS. It is equipped with square cotton sails and paddles and relies entirely on wind power. There is no electricity on board either. To alert other vessels, the crew used only headlamps worn on their heads. Sixteen crew members spent over two weeks on the ship, surviving on dry rations, khichdi, and pickles.

Siddhant Chaturvedi Invites Guests to Experience Mumbai Like a Local, Only on Airbnb

Hosted by Siddhant Chaturvedi, ​​this 4-hour Airbnb Original Experience gives guests an exclusive chance to explore Mumbai with Siddhant and discover his favourite neighbourhoods, cafés, gig spaces, and more.

Bookings for the experience open on January 19, 11 AM IST.

India, January 14, 2026: As music increasingly shapes how India’s Gen Z travel with 77% planning trips around concerts and festivals in 2026, Airbnb is bringing fans closer to the culture they love. As part of its global live music partnership with Lollapalooza, Airbnb has partnered with actor, musician, and cultural voice Siddhant Chaturvedi to host Lolla India Like a Local, an exclusive Airbnb Original Experience in Mumbai.

Designed as an intimate, once-in-a-lifetime experience, that brings guests into the city that shaped Siddhant – through its neighbourhoods, food, music, and creative spaces - bringing to life the magic of everyday travel before ending the day at Lollapalooza India, experiencing the festival alongside him.

At the heart of this collaboration is The Mumbai Guidebook, a digital city guide curated by Siddhant Chaturvedi for travellers visiting Mumbai during Lollapalooza India 2026. Shaped by the city that inspired him, the guidebook features Siddhant’s handpicked neighbourhoods, local spots, and a selection of Airbnb stays that reflect the character of the city. With 76% of Gen Z travellers* in India saying they’ve visited a city for the first time because of a concert or festival, the guidebook builds on that curiosity - helping travellers extend their trip and experience Mumbai like a local.

Available to just four guests, the experience brings the guide to life - turning recommendations into real moments, stories, and shared experiences, at a time when discovery and rare moments are what drive travel for many Indians. With 62% of Gen Z travellers saying exploring a new city is their top motivation and 55% drawn by once-in-a-lifetime experiences* when travelling for a music event, guests will spend the day doing exactly that - starting with a meal at one of Siddhant’s favourite local food joints, followed by a curated heritage walk through Bandra’s historic Ranwar Village. The journey continues with an intimate jam session where Siddhant performs an original track inspired by the city, before heading to Lollapalooza India to soak in the music and energy together while catching a live act.

“Mumbai has shaped everything about me - from the music I make to the places I return to. Hosting this experience on Airbnb, and curating the Mumbai guidebook with them, was my way of welcoming guests into my version of the city - the neighbourhoods I love, the sounds that inspire me, and the everyday moments that make Mumbai what it is. Spending the day exploring together and ending it at Lollapalooza India feels like the perfect way to share that. I’m so excited for this super fun day!”, said the host Siddhant Chaturvedi.

This experience builds on Airbnb’s first-ever global live music partnership at Lollapalooza India 2026, which introduced a range of exclusive, festival-related Airbnb Experiences -from backstage access to artist-led sessions and behind-the-scenes tours - designed to bring fans closer to the music and culture they love

“At Airbnb, we know that travellers today are motivated as much by the chance to discover a new city as by a once-in-a-lifetime experience,” said Amanpreet Bajaj, Country Head for India and Southeast Asia at Airbnb. “Moments like live music often spark that journey, but it’s the local neighbourhoods, hosts, and everyday experiences that make it memorable. With Lolla India Like a Local, Siddhant brings that to life, offering guests a rare opportunity to experience Mumbai through his eyes, combining music, culture, and the kind of local connection that Airbnb is known for.”

About Lolla India Like A Local Experience

Curated and led by Siddhant, this 4-hour experience will take place in Mumbai and will include:

Start with His Favorite Bites: Kick off the experience at one of Siddhant’s favourite local food spots – a cosy neighbourhood eatery he frequents when he’s in Bandra.

Bandra Stroll: Join architect Nikhil Mahashur for a curated walk through Ranwar Village and discover Bandra’s charm and stories.

Jam On: Settle in for an intimate jam session with Siddhant

Lollapalooza India with Siddhant: End the day on a high at Lollapalooza India. with Siddhant as your inside guide and catch a live act together.

How to book:

Requests to book will open at 11 AM IST on January 19, 2026 at airbnb.com/siddhant. 

The 4-hour experience will be priced at ₹0.

This experience will be bookable by a maximum of 4 guests. Book for 1 or 2 people, but please note if spots are limited, you might only be able to book for 1. Guests will be selected on a first-come, first-served basis.

Guests will be responsible for their own travel to and from Mumbai, India.

About Airbnb

Airbnb was born in 2007 when two hosts welcomed three guests to their San Francisco home, and has since grown to over 5 million hosts who have welcomed over 2 billion guest arrivals in almost every country across the globe. Every day, hosts offer unique stays, experiences, and services that make it possible for guests to connect with communities in a more authentic way.

Zee 24 Taas Reinforces Editorial Excellence with ‘72 Hours | 72 Reporters | Non-Stop Coverage’ Across Maharashtra

Zee 24 Taas, Maharashtra’s most trusted Marathi news channel, is set to deliver its most intensive election coverage yet with a powerful new initiative — 72 Hours | 72 Reporters | Non-Stop Coverage. As municipal elections unfold across the state, Zee 24 Taas will bring viewers uninterrupted, ground-level reporting for 72 continuous hours. A dedicated team of 72 reporters will be deployed across every nook and corner of Maharashtra, polling locations, counting centres, and key political hotspots to ensure real-time updates without a break. The coverage will span polling, counting, and result trends, ensuring uninterrupted reporting through every critical phase of the election process. 

Zee 24 Taas has led election coverage from the front, bringing every major political leader and decision-maker to the studio through the course of the campaign. This special broadcast marks the culmination of that Maha Coverage with the Maharashtra’s No. 1 Election Team, bringing together the channel’s strongest panelists, most credible experts, and its sharpest analysis. Viewers will get clear perspective beyond the numbers, with insights that explain what each development truly means on the ground, as it happens.

Highlighting the channel’s on-ground approach and editorial focus, Kamlesh Sutar, Editor, Zee 24 Taas, said, “Election coverage demands presence, persistence, and perspective. With 72 reporters on the ground for 72 continuous hours, our team is committed to capturing real voices and real issues from across Maharashtra. This non-stop coverage is about giving viewers timely, verified information and helping them understand what is unfolding beyond headlines and results.”

Through 72 Hours | 72 Reporters | Non-Stop Coverage, Zee 24 Taas continues to strengthen its promise of delivering journalism that is rooted in communities, driven by facts, and focused on empowering citizens with timely and reliable information.

Power Finance Corporation Limited to tap Capital Market to raise up to Rs. 5,000 crore via public issue of Secured NCDs

Public Issue of secured, rated, listed, taxable, redeemable, non-convertible debentures (NCDs) of face value of Rs. 1,000 each (except in case of zero coupon NCD, face value shall be ₹ 1,00,000 each)

The Tranche I Issue of NCDs is for a Base Issue Size of Rs. 500 crore with a green shoe option of up to Rs. 4,500 crore aggregating up to Rs. 5,000 crore, which is within the shelf limit of Rs. 10,000 crore 

NCDs are rated “CARE AAA; Stable” by CARE Ratings Limited, “Crisil AAA/Stable” by Crisil Ratings Limited and [ICRA] AAA (Stable) by ICRA Limited

Coupon Rate up to 7.30% p.a (for NCD Holders in Category IV with a tenor of 15 years, payable annually)1

Tranche I NCD Issue opens on Friday, January 16, 2026 and closes on Friday, January 30, 2026 with an option of early closure or extension2

The NCDs are proposed to be listed on National Stock Exchange of India Limited (“NSE”) (“Stock Exchange”). NSE is the designated stock exchange for the Tranche I Issue

Mumbai/New Delhi, January 12, 2026: Power Finance Corporation Limited, a public financial institution and a Schedule-A Maharatna Central Public Sector Enterprises (CPSE), focused on the power sector, has filed tranche I prospectus dated January 9, 2026 (“Tranche I Prospectus”) for public issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs. 1,000 each (except in case of zero coupon NCD, face value shall be ₹ 1,00,000 each). The base issue size is Rs. 500 crore with a green shoe option of up to Rs. 4,500 crore, aggregating up to Rs. 5,000 crore (“Tranche I Issue”), which is within the shelf limit of Rs. 10,000 crore (“Issue”).

The Tranche I Issue opens on Friday, January 16, 2026, and closes on Friday, January 30, 2026 with an option of early closure or extension in compliance with Securities and Exchange Board of India Issue and listing of (Non-Convertible Securities) Regulations 2021, as amended (“SEBI NCS Regulations”). The NCDs are proposed to be listed on National Stock Exchange of India Limited (“NSE”), with NSE being the Designated Stock Exchange for the Issue. The NCDs have been rated by “CARE AAA; Stable” by CARE Ratings Limited, “Crisil AAA/Stable” by Crisil Ratings Limited and “[ICRA] AAA (Stable)” by ICRA Limited. 

The minimum application size would be Rs. 10,000 (i.e. 10 NCDs) and thereafter in multiples of Rs. 1,000 (i.e. 1 NCD) thereof (except in case of Series III NCDs (zero coupon NCD), the minimum application shall be 1 NCD and in multiple of 1 NCD thereafter. (For Series III NCDs, the minimum application amount shall be ₹ 51,502 for Category I and II; ₹ 51,263 for Category III and ₹ 50,780 for Category IV). This issue has maturity / tenure options of 5 years, 10 years and 15 years for NCDs with annual coupon payment being offered across series I, II, and IV, respectively. Effective yield for NCD holders in various categories ranges from 6.85% to 7.30% per annum.

Out of the net proceeds of the Tranche I Issue, at least 75% shall be utilised for the purpose of onward lending, financing / refinancing the existing indebtedness of the company, and /or debt servicing (payment of interest and/or repayment / prepayment of interest and principal of existing borrowings of the Company) and a maximum up to 25% will be utilised for general corporate purposes. The funds raised form the issuance of zero coupon NCDs shall be utilised towards only the purpose of onward lending and shall not be used for any other purpose.

The Company’s consolidated revenues from operations were Rs. 57,429.28 crore for the six months ended September 30, 2025 and its net profit was Rs. 16,815.84 crore.

For FY25, its consolidated revenue from operations were Rs. 106,501.62 crore and its net profit was Rs. 30,514.40 crore.

The terms of each series of Secured NCDs, offered under Tranche I Issue are set out below:

Series

I

II*

III

IV

V

Tenor

5 years

10 years

10 years 1 Month

15 years

15 years

Frequency of Interest Payment

Annual

Annual

Zero Coupon NCD

Annual

Cumulative

Minimum Application and in multiples of thereafter (₹)

₹10,000 (10 NCD) and in multiple of ₹1,000 (1 NCD) thereafter.

Except in case of Series III NCDs (zero coupon NCD), the minimum application shall be 1 NCD and in multiple of 1 NCD thereafter. (For Series III NCDs, the minimum application amount shall be ₹51,502.00 for Category I and II; ₹51,263.00 for Category III and ₹50,780.00 for Category IV Investors)

Face Value (₹/ NCD)

₹1,000

₹1,00,000

₹1,000

Issue Price of NCDs (₹/ NCD) for NCD Holders in Category I and Category II.

₹1,000

₹51,502.00

₹1,000

Issue Price of NCDs (₹/ NCD) for NCD Holders in Category III.

₹51,263.00

Issue Price of NCDs (₹/ NCD) for NCD Holders in Category IV.

₹50,780.00

Coupon (% per annum) for NCD Holders in Category I and Category II.

6.85%

7.00%

NA

7.05%

N.A.

Coupon (% per annum) for NCD Holders in Category III 

6.90%

7.10%

NA 

7.20%

N.A.

Coupon (% per annum) for NCD Holders in Category IV

7.00%

7.20%

NA 

7.30%

N.A.

Effective Yield (% per annum) for NCD Holders of Category I

and Category II

6.85%

6.99%

6.80%

7.04%

7.05%

Effective Yield (% per annum) for NCD Holders of Category

III 

6.90%

7.09%

6.85%

7.19%

7.20%

Effective Yield (% per annum) for NCD Holders of Category

IV

7.00%

7.19%

6.95%

7.29%

7.30%

Mode of Interest Payment

Through various modes available

Amount (₹ / NCD) on Maturity for NCD Holders in Category

I and Category II

₹1,000

₹1,000

₹1,00,000

₹1,000

₹2,780.50

Amount (₹ / NCD) on Maturity for NCD Holders in Category

III

₹1,000

₹1,000

₹1,00,000

₹1,000

₹2,839.56

Amount (₹ / NCD) on Maturity for NCD Holders in Category

IV

₹1,000

₹1,000

₹1,00,000

₹1,000

₹ 2,879.58

Maturity / Redemption Date (from the Deemed Date of

Allotment)

5 years

10 years

10 years 1 Month

15 years

15 years

Nature of Indebtedness

Secured

Put and Call Option

Not applicable

*The Company shall allocate and allot Series II NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

With respect to Series where interest is to be paid on an annual basis, relevant interest will be paid on each anniversary of the Deemed Date of Allotment on the face value of the NCDs. The last interest payment will be made at the time of redemption of the NCDs.

 

With respect to Series III NCDs, the NCDs are being issued on discount. For further details on taxation, please see “Statement of Possible Tax Benefits” on page 37 and “Material Contracts and Documents on page 140 of the Tranche I Prospectus.

Subject to applicable tax deducted at source. For further details, please see “Statement of Possible Tax Benefits” on page 37 of the Tranche I Prospectus.

Please refer to “Annexure C” of the Tranche I Prospectus, for details pertaining to the cash flows of the Company in accordance with the SEBI Master Circular. Coupon Payments falling on working Saturdays will be made on same day.

Applicants are advised to ensure that they have obtained the necessary statutory and/or regulatory permissions/consents/approvals in connection with applying for, subscribing to, or seeking Allotment of NCDs pursuant to the Issue. For further details, please see “Issue Procedure” and “Terms of Issue” on page 102 and 81, respectively, of the Tranche I Prospectus.

Tipsons Consultancy Services, A. K. Capital Services Limited, Nuvama Wealth Management Limited and Trust Investment Advisors Private Limited are the lead managers to the Issue (“Lead Managers”). Beacon Trusteeship Limited is the Debenture Trustee to the Issue and KFin Technologies Limited is the Registrar to the Issue.

About Power Finance Corporation Limited:

Power Finance Corporation Limited is a publicly listed Government of India (GoI) undertaking and operates as a public financial institution as defined under the Companies Act of 2013. Registered with the Reserve Bank of India (RBI) as a non-deposit taking systemically important Non-Banking Financial Company (NBFC), it obtained the classification of an Infrastructure Finance Company (IFC) on July 28, 2010. The Company believes that its NBFC and IFC classifications enables it to effectively capitalize on available financing opportunities in the Indian power sector.

Note 1: For further details, please refer to “Specific Terms for NCDs” on page 77 of the Tranche I Prospectus.

Note 2: The Tranche I Issue shall remain open for subscription on Working Days from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) during the period as indicated in the Tranche I Prospectus. Our Company may, in consultation with the Lead Managers, consider closing the Tranche I Issue on such earlier date or extended date (subject to a minimum period of two working days and a maximum period of ten working days from the date of opening of the Tranche I Issue and subject to not exceeding thirty days from filing the Tranche I Prospectus with RoC including any extensions), as may be decided by the Board of Directors of our Company or our Chairman and Managing Director on recommendation of our Director (Finance), subject to relevant approvals, in accordance with Regulation 33A of the SEBI NCS Regulations. In the event of an early closure or extension of the Tranche I Issue, our Company shall ensure that notice of the same is provided to the prospective investors through an advertisement in all the newspapers or electronic modes such as online newspapers or website of the issuer or the stock exchange in which pre-issue advertisement for opening of the Tranche I Issue has been given on or before such earlier or initial date of Tranche I Issue closure. On the Tranche I Issue Closing Date, the Application Forms will be accepted only between 10:00 a.m. and 3:00 p.m. (Indian Standard Time) and uploaded until 5:00 p.m. (Indian Standard Time) or such extended time as may be permitted by the stock exchanges (i.e. NSE and BSE). Further, pending mandate requests for bids placed on the last day of bidding will be validated by 5:00 p.m. (Indian Standard Time) on the Tranche I Issue Closing Date. For further details please refer to the section titled “General Information” on page 19 of the Tranche I Prospectus.

Why thalassemia continues to rise in India and the impelling need to tackle it

The growing number of thalassemia cases in India is not the result of a new health threat, it is the outcome of long-standing gaps in prevention. Thalassemia is inherited, predictable, and largely preventable, yet every year thousands of children are born with the severe form of the disorder.

One of the primary reasons is that most carriers do not know they carry the gene. A person with thalassemia trait is healthy and shows no symptoms. Without routine testing, there is no reason for individuals to suspect anything until a child is diagnosed by which point prevention is no longer possible.

Marriage practices in India also contribute. Many communities arrange marriages without discussing genetic health, and in some regions, marriages within extended families are common. This increases the chance that both partners carry the same trait. Health considerations are rarely factored into these social decisions.

India is at a defining moment in its public health response to thalassemia. With nearly 45 million carriers and around 15,000 children born with thalassemia major every year, the condition is not just a medical challenge. It affects entire families, places lifelong demands on children, and adds significant pressure on an already stretched healthcare system. This burden can be reduced through timely awareness, early diagnosis, and strong preventive screening programmes, which have the potential to save thousands of lives,” said Dr. Chandrakant Agarwal, President, Thalassemia and Sickle Cell Society.

Another major issue is the lack of structured screening before marriage or pregnancy. While testing facilities exist in cities and medical colleges, community-level screening is inconsistent. Many couples encounter testing only during pregnancy, often late in the first trimester, when options are limited.

Even when screening occurs, counselling is frequently inadequate. Carrier status is sometimes communicated without proper explanation, causing confusion or fear. Families may not understand the difference between being a carrier and having the disease. In some cases, this misunderstanding creates stigma, particularly for women, discouraging openness and follow-up.

Healthcare access varies sharply across regions. Large portions of the population rely on government hospitals that are overburdened and understaffed. Preventive genetic counselling receives far less attention than acute care. As a result, thalassemia prevention remains peripheral rather than central to public health planning.

Medical care for thalassemia has improved significantly over the past two decades. Better blood availability, safer transfusions, and improved chelation therapy (treatment to remove excess iron) have extended life expectancy. While this is positive, it also means the total number of patients living with thalassemia continues to rise unless new births are prevented.

Social discomfort around genetic disorders further complicates the issue. Many families avoid disclosing carrier status due to fear of social consequences. Marriage prospects, particularly for girls, are often cited as a concern. This silence allows the condition to pass unnoticed from one generation to the next.

Ultimately, thalassemia continues to grow in India not because prevention is impossible, but because it has never been implemented at scale. Awareness remains uneven, screening is inconsistent, and counselling is often insufficient. Thalassemia in India is not a medical mystery, it is a policy and awareness challenge that must be addressed if the cycle is to be broken.