Power Finance Corporation

 Marqeta Introduces New Credit Card Platform, Helping Brands Redefine Customer Loyalty With Dynamic and Embedded Credit Experiences

Retrieved on: 
Monday, October 23, 2023
Finance, Banking, Payments, Professional Services, Technology, Power Finance Corporation, API, Revolving credit, Credit history, Online shopping, Cryptocurrency

With this launch, brands can create a new standard for credit cards that encourage greater customer loyalty with personalized rewards, completely owning the experience for their customers from end-to-end.

Key Points: 
  • With this launch, brands can create a new standard for credit cards that encourage greater customer loyalty with personalized rewards, completely owning the experience for their customers from end-to-end.
  • We want our credit card platform to completely change the consumer experience and the brand loyalty equation.”
    Through Marqeta, customers won’t have to build credit cards with black box legacy infrastructure or from a patchwork of different solutions.
  • Marqeta enables brands to own the entire experience by embedding a credit card into their own digital experience, allowing them to increase overall customer engagement with their product.
  • Build a card that promotes customer loyalty through personalized rewards: Marqeta’s credit card platform allows customers to redefine how they build customer loyalty.

Marqeta Reports Second Quarter 2023 Financial Results, Announces Four Year Extension to Cash App Contract

Retrieved on: 
Tuesday, August 8, 2023
Banking, Professional Services, Finance, TPV, Growth, EBITDA, Adjustment, Acquisition, Power Finance Corporation, Bookkeeping, Video game, Communications satellite

Second Quarter 2023 Financial Results:

Key Points: 
  • Second Quarter 2023 Financial Results:
    Net revenue increased by $44 million, or 24% year-over-year, rising to $231 million from $187 million in the second quarter of 2022 resulting from a 33% increase in TPV year-over-year, partially offset by unfavorable changes in the mix of our card programs.
  • Gross profit increased by 8% year-over-year, rising to $85 million from $78 million in the second quarter of 2022 primarily due to our TPV growth.
  • Total Processing Volume increased by 33% year-over-year, rising to $54 billion from $40 billion in the second quarter of 2022.
  • Adjusted EBITDA margin was 0.4% in the second quarter of 2023, an increase of 5 percentage points year-over-year.

ReNew Signs MoUs for INR 640 Billion (~US $7.8 bn) for Green Energy Projects

Retrieved on: 
Friday, July 21, 2023
Science, Other Energy, Other Science, Utilities, Environment, Alternative Energy, Energy, Green Technology, INR, Wind, REC Limited, REC, G20, Corporate finance, Power Finance Corporation, PFC, Clean Energy Ministerial, Microsoft, Renewable energy, ReNew

ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading decarbonisation solutions company, announced on Friday that it has signed Memorandums of Understanding (MoUs) worth INR 640 billion (~US $7.8 bn) with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for its green energy projects.

Key Points: 
  • ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading decarbonisation solutions company, announced on Friday that it has signed Memorandums of Understanding (MoUs) worth INR 640 billion (~US $7.8 bn) with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for its green energy projects.
  • According to the MoUs signed with the lenders at the Clean Energy Ministerial meeting in Goa, ReNew will receive INR 320 billion (~US $3.9 bn) each from PFC and REC for financing its current and upcoming energy transition projects.
  • The MoUs support the ongoing efforts to further the clean energy transition under India's G20 presidency.
  • These MoUs will help us meet our current and future financing needs and demonstrate ReNew’s ability to raise long-term financing for large-scale green energy projects.

Adani Electricity Mumbai Ltd Ranked No.1 Power Utility in India

Retrieved on: 
Tuesday, April 11, 2023
Number One, Exercise, Cash, Collection, Multi-year rate plan, Analytics, SCADA, Electricity, Uganda Electricity Generation Company Limited, State government, Power Finance Corporation, Corporate governance, Rivers State Ministry of Power, McKinsey & Company, Maharashtra, Ministry, City, MD, ACS, Integration, MIS, University Avenue station, Mobile phone, Cryptocurrency, Renewable energy

MUMBAI, India, April 11, 2023 /PRNewswire/ -- Adani Electricity Mumbai Ltd (Adani Electricity) topped the country's 71 electricity distribution companies for its overall governance including Financial Sustainability, Performance Excellence and External Environment.

Key Points: 
  • MUMBAI, India, April 11, 2023 /PRNewswire/ -- Adani Electricity Mumbai Ltd (Adani Electricity) topped the country's 71 electricity distribution companies for its overall governance including Financial Sustainability, Performance Excellence and External Environment.
  • Early this month, Adani Electricity had announced the least tariff hike among Maharashtra's discoms for the period reviewed under the Multi-Year Tariff mechanism.
  • It covers 71 power distribution utilities comprising 45 state discoms, 14 private discoms and 12 power departments across India.
  • Adani Electricity scored 12.8 out of 13 for Performance Excellence, covering Billing Efficiency, Low Distribution Loss, Collection Efficiency and Corporate Governance.

Adani Electricity Mumbai Ltd Ranked No.1 Power Utility in India

Retrieved on: 
Tuesday, April 11, 2023
Number One, Exercise, Cash, Collection, Multi-year rate plan, Analytics, SCADA, Electricity, Uganda Electricity Generation Company Limited, State government, Power Finance Corporation, Corporate governance, Rivers State Ministry of Power, McKinsey & Company, Maharashtra, Ministry, City, MD, ACS, Integration, MIS, University Avenue station, Mobile phone, Cryptocurrency, Renewable energy

MUMBAI, India, April 11, 2023 /PRNewswire/ -- Adani Electricity Mumbai Ltd (Adani Electricity) topped the country's 71 electricity distribution companies for its overall governance including Financial Sustainability, Performance Excellence and External Environment.

Key Points: 
  • MUMBAI, India, April 11, 2023 /PRNewswire/ -- Adani Electricity Mumbai Ltd (Adani Electricity) topped the country's 71 electricity distribution companies for its overall governance including Financial Sustainability, Performance Excellence and External Environment.
  • Early this month, Adani Electricity had announced the least tariff hike among Maharashtra's discoms for the period reviewed under the Multi-Year Tariff mechanism.
  • It covers 71 power distribution utilities comprising 45 state discoms, 14 private discoms and 12 power departments across India.
  • Adani Electricity scored 12.8 out of 13 for Performance Excellence, covering Billing Efficiency, Low Distribution Loss, Collection Efficiency and Corporate Governance.

Shell signs agreement to sell Permian interest for $9.5 billion to ConocoPhillips

Retrieved on: 
Monday, September 20, 2021
Permian, Disclosure, Shell, Lists of countries and territories, Disease, Lubricant, Hydrogen, Power Finance Corporation, Climate change, Risk, Employment, Pandemic, Sale, Wind, Cyprus Securities and Exchange Commission, Ownership, Natural gas, Phrase, RDS, Private Securities Litigation Reform Act, Acquisition, Coronavirus, Royal Dutch Shell, International, Tudor, Pickering, Holt & Co., COVID-19, Technology, ConocoPhillips, Nationalization, Contract, Forward-looking statement, Electricity, Gasoline, SEC, Bank, Renewable energy, Online gambling

The transaction will transfer all of Shells interest in the Permian to ConocoPhillips, subject to regulatory approvals.

Key Points: 
  • The transaction will transfer all of Shells interest in the Permian to ConocoPhillips, subject to regulatory approvals.
  • Shells Permian business includes ownership in approximately 225k net acres with current production of around 175 thousand barrels equivalent per day.
  • In this announcement, Shell, Shell Group and Group are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general.
  • The term Shell interest is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.