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stock trading: 'One mistake can ruin your life': Former JP Morgan consultant shares horror tale of investor who lost Rs 1.4 crore in derivative trading

Aditya Singhania, a former consultant at JP Morgan, shared a cautionary tale of a trader's journey. Starting with one crore, they made a net profit of one crore in 2022-23 but lost over 1.4 crores the next year. With substantial losses and hefty expenses, Singhania warns of the challenges in full-time trading. User reactions emphasize the importance of caution and risk management in trading.

'Dark side of trading': Ex-JP Morgan consultant shares how friend lost over 1.4 crore on 1.7 crore capital

Navitas Solar Partners with Royal Challengers Bangalore (RCB) as its Official Renewable Energy Partner for T20 Season 2024

Woman orders snacks for everyone thinking RCB will win, online delivery platform says 'now order tissues'

A woman shared on Twitter how her roommate had ordered snacks for the entire PG in the hope that RCB would win but alas, it ended in heartbreak for her.

Navitas Solar onboards MECpower as sole distributor for Gujarat, aims for strong market growth

Ahmedabad, April 13: Navitas Solar, a leading module manufacturing company from Surat, has onboarded Vadodara-based MECpower Solutions Ltd., a provider of end-to-end solutions in the renewable energy segment, as its sole distributor for solar modules for the Gujarat region; it seeks to tap the huge potential the state offers in the solar power space and expand the market.

Navitas Solar onboards MECpower as sole distributor for Gujarat, aims for strong market growth

Ahmedabad (Gujarat) [India], April 13 (ANI/PNN): Navitas Solar, a leading module manufacturing company from Surat, has onboarded Vadodara-based MECpower Solutions Ltd., a provider of end-to-end solutions in the renewable energy segment, as its sole distributor for solar modules for the Gujarat region; it seeks to tap the huge potential the state offers in the solar power space and expand the market. With exclusive distributor rights for two years, MECpower will distribute 100 MW of solar modules of Navitas Solar per year. The two partners aim to solarise more than 55,000 homes in the state through high-quality DCR & Non-DCR Poly and Mono PERC solar modules. The offering will be supported with digital & offline financing for consumers. "We are pleased to appoint MECpower Solutions Ltd. as the exclusive distributor for our solar modules in Gujarat. MECpower has a solid track record of over 30+ years of industrial experience and is one of the market leaders in Gujarat in solar projects. Navitas Solar has ambitious growth plans for Gujarat and beyond and we are confident that the partnership is just the beginning of a long and fruitful association between MECpower and Navitas Solar," said Vineet Mittal, Director & Co-Founder, Navitas Solar. Manoj Shah, Managing Director, MECpower Solutions, said, "The strategic collaboration of MECpower and Navitas Solar aims to ease the renewable journey for everyone and ensure complete solar solutions under one roof. This association not only enhances the confidence of our customers about the quality and durability of PV products but also amplifies the facilitation of financing and risk management of PV projects. Together, we will drive significant change and create a better future for the coming generations." The partnership is poised to be a winner as Gujarat is the leading state in terms of rooftop solar installations in India with more than 1 GW installations already. Availability of solar products, strong demand for solar power, growing consumer awareness, timely disbursal of subsidies, and digitization of processes are some of the factors that have made Gujarat the leader in rooftop solar installations. The government of Gujarat also floated a tender last year to install 1 GW of rooftop solar power. MECpower and Navitas Solar are also well-placed to serve commercial, industrial, and residential customers with Capex and Opex models. Since both groups believe in innovative solutions to unlock solar power procurement by industries, joint investments will also be launched for ESG solutions and solar parks. Navitas Solar and MECpower are confident of supplying more than 100 MW of solar panels in Gujarat. Navitas Solar & MECpower jointly focus on distributing solar products in the urban as well as interior parts of entire Gujarat. Also, the joint collaboration will offer innovative and attractive dealership opportunities at city, district, and taluka levels to promote local entrepreneurship in Gujarat. Established in 2013 by Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania, and Saurabh Aggarwal, Navitas Solar is one of India's leading solar module manufacturers. With a capacity of 500 MW per annum, it is ranked amongst the top 10 leading Indian solar manufacturers by JMK Research & Analytics. It specializes in the production of polycrystalline & Mono PERC solar modules ranging from 5 to 600 watts per panel. Navitas Solar is among the few Indian solar module manufacturers having backward and forward integration. The organization employs over 300 people across diverse domains. Navitas Solar has served over 700+ customers nationwide, including government, semi-government, and commercial enterprises. MECpower Solutions Ltd. comes with 30+ years of industrial experience and is one of the top three market leaders in Gujarat. MECpower has solarized 10,000+ projects/homes/premises until now. With their vast network and experienced team, they have completed 35+MW residential rooftop projects, making them among the largest residential rooftop EPC companies in India. MECpower has gained a prestigious name in the industry due to its one-stop solution for quality products including PV modules, inverters, structures, and batteries. From concept to commissioning, they cover all corners of solar solutions for effective execution. According to JMK Research & Analytics, it holds the title of the 7th largest solar rooftop EPC company in India. For more information, visit: https://navitassolar.in/ This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

Navitas Solar on expansion drive aims to manufacture 500 MW solar modules per annum

New Delhi [India], August 10 (ANI/ATK): Navitas Solar, one of India's leading solar module manufacturers, has announced the expansion of the solar module manufacturing capacity to 500 MW per annum. A fully automatic line of 300 MW with auto busing is added to the existing 200 MW production facility as part of the new extension. Navitas Solar has a state-of-the-art manufacturing facility in Surat that is spread across 1,50,000 sq ft. This facility is extensively involved in the development of cutting-edge products and services like solar PV modules, EVA sheets, solar kits, and solar EPC. The backward integration of Navitas Solar, Navitas Alpha Renewables Pvt Ltd (NARPL), has an annual capacity of 800 MW per annum and is expected to be extended to 2 GW in a couple of months. Moreover, Navitas Solar aims to clock INR 250 crore+ in revenue this fiscal, i.e. 2022-23. Having marked significant growth in 2021-22, the company is in a hyper-growth phase driven by its high-quality and reliable solar products. The company has also extended its portfolio with a powerful and reliable Half Cut Mono PERC Solar Module: Bonito. Bonito is launched in two series: Bonito Pro and Bonito Max. The Bonito Pro is a 9 BB Mono PERC Half Cut Solar Module available in 144 and 156 cells, which will be able to generate from 435 to 500 watts with an efficiency of 21.47 per cent. The Bonito Max is a 10 BB Mono PERC Half Cut Solar Module available in 144 and 156 cells, which will be able to generate from 530 to 600 watts with an efficiency of 21.67 per cent. The Bonito Series of Mono PERC half-cut solar modules is ideal for large-scale installations. The module is constructed with a white back sheet, tempered glass that is 3.2 mm thick and anti-reflective, and silver and anodized aluminium alloy frame. Bonito has many features, like better shading tolerance, high power, lower LCOE and system cost, excellent temperature performance, etc. The Bonito series cells are cut by a no-water Non-Destructive Laser Cutting (NDLC) machine, which separates the solar cell into halves using the principle of separation by varying temperatures, which can increase the power output of the solar panel. The half-cut technology reduces the overall cost of a solar system, ensuring a lower LCOE (Levelized Cost of Energy). Commenting on the expansion, Co-Founder and Director, Navitas Solar, Ankit Singhania, says, "We are delighted to expand our portfolio with 9 BB half-cell modules in M6-size wafers offering 435 to 500 Watts in 144 and 156 cells and 10 BB half-cell modules in M10-size wafers offering 530 to 600 Watts in 144 and 156 cells. Navitas Solar foresees strong and steady demand for high-power solar modules in the future. In the highly competitive Indian market, awareness of balance of system (BOS) and product performance are the additional advantages for choosing high-power modules. Bonito is a cost-effective solution where you do not have to compromise on quality and output." Navitas Solar, established in 2013 by five passionate individuals - Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania, and Saurabh Aggarwal - is one of India's leading solar module manufacturers. They specialize in the production of monocrystalline and polycrystalline solar modules. Backward integration is provided by its subsidiary company called Navitas Alpha Renewables Pvt Ltd (NARPL), which manufactures EVA Sheets. It is ranked amongst the top 10 Indian solar manufacturers by JMK Research & Analytics. Currently, the organization employs over 300 people across diverse domains. They also serve over 700 customers nationwide, including government, semi-government, and commercial enterprises. This story is provided by ATK. ANI will not be responsible in any way for the content of this article. (ANI/ATK)

Navitas Solar, one of the leading solar module manufacturer, has been named as the "Pride of Gujarat"

New Delhi [India], August 3 (ANI/PNN): Navitas Green Solutions Pvt. Ltd. (Navitas Solar), a company specializing in the manufacturing of high-efficiency mono PERC and polycrystalline solar modules, has been awarded the "Pride of Gujarat" at an event organized by News 18 Group and the award was handed over by the Chief Minister of Gujarat, Bhupendra Patel. This award recognizes the contributions of company who have done remarkable work in their respective fields. The event took place in Ahmedabad on July 30, 2022. Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania, and Saurabh Aggarwal, the founders of Navitas Solar, were recognized for their contributions towards India's sustainable energy initiative. The award was handed to Vineet Mittal, Co-founder and Director and Saurabh Aggarwal, Head of Taxation and Logistics at Navitas Solar. The Surat-based company has previously received numerous awards for its achievements in accelerating global solar power adoption. Some of the key awards they have received include the Annual MSME Excellence and Sustainability Awards in the Manufacturing Sector by the Bengal Chamber of Commerce and Industries (BCC&i) and EQ's Leading MSME Indian Module Manufacturer of the Year. Navitas Solar, established in 2013 by five passionate individuals - Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania and Saurabh Aggarwal - is one of India's leading solar modules manufacturers. They specialize in the production of monocrystalline and polycrystalline solar modules. Backward integration is provided by its subsidiary company called Navitas Alpha Renewables Pvt. Ltd. (NARPL), which manufactures EVA Sheets, while forward integration is provided by project execution and full-fledged EPC services for residential, commercial and industrial clients on rooftop as well as open access solar parks. It is ranked amongst the top 10 Indian solar manufacturers by JMK Research and Analytics. Currently, the organization employs over 300 people across diverse domains. They also serve over 700 customers nationwide, including government, semi-government, and commercial enterprises. For more details, please visit at www.navitassolar.com. This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

eway bill: E-way bills clock 64.1 million in July

GST collections at over ₹1.16 lakh cr in July; second highest this fiscal