GE Energy Financial Services, an arm of GE, has acquired a 49 per cent stake in Continuum Green Energy's 148.5 megawatt Morjar onshore wind project in Gujarat for an undisclosed sum. This transaction marks GE EFS' first onshore wind equity investment in Gujarat through a structured preferred equity solution, the company said in a statement. [...]
Benchmark indices are in the red these days. The BSE Sensex has shed 15.23% since it reached its 52-week high of 62245.43 points. It is currently trading at 52762 levels. Further, the NSE Nifty has also slipped 15.30% from its 52-week high of 18.604.45 points. It is currently trading at 15758 levels. The markets are [...]
Adani Transmission Limited (ATL) on Wednesday said its USD 700 million revolving loan facility has been tagged as 'green loan' by Sustainalytics. Sustainalytics, a Morningstar Company, provides analytical environmental, social and governance (ESG) research, ratings and data to institutional investors and companies. In a statement issued on Wednesday, ATL said its "USD 700 million revolving [...]
The shares of UltraTech Cement Ltd., the largest producer of grey cement, ready-mix concrete and white cement were trading near their 52-week low. As of 13:20 IST, the stock of the Aditya Birla Group was exchanging hands at ₹ 5,456 per share. It has lost almost 30% of its value since the start of the [...]
B2B manufacturing startup Groyyo on Wednesday said it has raised USD 40 million (about Rs 310 crore) in a combination of equity and debt in its Series A round led by Tiger Global. The funding round also witnessed strong participation from early investor Alpha Wave Global. Existing investors Sparrow Capital and Stride Ventures, and angel [...]
The Union Cabinet has approved the auction of airwaves capable of offering fifth-generation or 5G telecom services including ultra high-speed internet, and gave its nod for setting up of captive 5G networks by the big tech firms. The auction of over 72 GHz of the spectrum will be held by July-end, said an official statement [...]
JSW Steel crude steel production in May on a standalone basis jumped 31 per cent to 17.89 lakh tonnes, the company said on Wednesday. The crude steel output in May of FY'21 was 13.67 lakh tonnes. The flagship company of the USD 22 billion JSW Group stated that production of flat-rolled products also expanded by [...]
E-commerce logistics SaaS company Shiprocket has inked a deal to acquire a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million (about Rs 1,560 crore) in a mix of cash and equity transaction, the firms said in a joint statement. Shiprocket and Pickrr cater to India's burgeoning D2C (direct-to-customer) sector, where [...]
Minda Industries, a mid-cap auto-ancillary company has announced 8th July as the record date for the bonus share issue and final dividend of the shares. Therefore, to be eligible for the same an investor will have to purchase the stock before the 7th of July. The board has recommended a 1:1 bonus share and a [...]
Hero MotoCorp-backed electric two-wheeler maker Ather Energy is in talks with several state governments to set up a new manufacturing facility in the country, according to sources. The company is said to be in talks with officials of several state governments, including Andhra Pradesh, Maharashtra, Gujarat, Telangana and Karnataka, to set up an additional manufacturing [...]
