New Delhi, Jan 27 (PTI) ReNew Power on Thursday said it has sold 138 megawatts peak (MWp) of its distributed rooftop solar portfolio for Rs 672 crore to Fourth Partner Energy. "ReNew Power, India's leading renewable energy company, today (Thursday) announced that it has sold 138 MWp of its distributed rooftop solar portfolio to Fourth [...]
Ahmedabad, Jan 27 (PTI) The Gujarat government on Thursday said ArcelorMittal Nippon Steel India (AMNS India), which owns a steel mill at Hazira in Surat, will invest Rs 1,66,000 crore in six different projects in the state. A memorandum of understanding (MoU) for this proposed investment was signed by Additional Chief Secretary (Industries and Mines) [...]
Mumbai, Jan 27 (PTI) Unity Small Finance Bank, which has taken over the failed cooperative lender PMC Bank, on Thursday said all small depositors with under Rs 5 lakh of deposits -- who form 96 per cent of the customer base -- can take their entire money out now or keep it in the new [...]
New Delhi, Jan 27 (PTI) TVS Motor Company on Thursday said it has acquired a 75 per cent stake in Switzerland's largest e-bike player, Swiss E-Mobility Group AG (SEMG), for USD 100 million. The acquisition reaffirms the company's commitment to expanding operations in Europe through a portfolio of premium and technology leading brands, including Norton [...]
New Delhi, Jan 27 (PTI) With debt-ridden Future Group diluting its stake in its life and non-life insurance ventures, foreign partner Generali is set to raise its stake to up to 74 per cent. Last year, the government amended the Insurance Amendment Bill, 2021 to increase the foreign direct investment (FDI) limit in the insurance [...]
New Delhi, Jan 27 (PTI) Infrastructure investment trust India Grid Trust (IndiGrid) consolidated net profit remained almost flat at Rs 94.38 crore in the December quarter compared to a year ago. The company had reported a consolidated net profit of Rs 94.58 crore in the quarter ended on December 31, 2020, according to a BSE [...]
New Delhi, Jan 27 (PTI) Agritech start-up MoooFarm, which offers technical solutions for dairy farmers, on Thursday said it has raised USD 2.4 million from investors including Accel India, to expand and grow its business. The seed round funding was led by Accel India with participation from Rockstart's AgriFood fund and Navus Ventures. "This investment [...]
New Delhi, Jan 27 (PTI) The corporate funding at the global level for battery storage, smart grid and energy efficiency sectors saw over a two-fold jump to USD 19.5 billion in 2021, according to a report. Corporate funding includes venture capital (VC) funding, public market and debt financing, global research firm Mercom Capital Group said [...]
New Delhi, Jan 27 (PTI) Apollo Tyres on Thursday said it has kicked off a pilot initiative by deploying electric vehicles (EVs) for the delivery of tyres from its regional distribution centre (RDC) to multiple business partners in Bengaluru. This initiative will not only address the concern of growing environmental pollution, but will also help [...]
New Delhi, Jan 27 (PTI) Electric vehicle charging service provider EVRE on Thursday said it plans to have around 1,000 tech-enabled EV charging hubs by the end of 2023. With the dedicated focus towards serving EV fleets uniformly across the country, the company is looking at multifold growth in the charging hubs to satiate the [...]
