Foreign investors have upgraded India as a dedicated allocation in their investment portfolios given the strong economy, stable government and significant reforms undertaken over the last eight years, equity experts have said. According to the experts, who participated in Futures Industry Association (FIA) Asia trade conference held in Singapore from November 29 to December 1,… Continue reading Foreign investors upgrade India as dedicated allocation in investment portfolios
Author: Economic Times of India Online News
Reduce bank interest rates to middle class; TDA urges union finance minister
Low or no growth in salaries and food inflation together with increased expenditure on health and education. The Telangana Developers Association (TDA) has asked the union finance minister Nirmala Sitharaman to come to the rescue of middle class by proposing measures in the upcoming union budget 2023-2024 by taking measures like revising the income slab… Continue reading Reduce bank interest rates to middle class; TDA urges union finance minister
Lawmaker says EU should complain to WTO over U.S. Inflation Reduction Act
The European Union should file a complaint with the World Trade Organization (WTO) in the next few months regarding the United States’ green energy subsidy package, the head of the European Parliament’s trade committee was reported as saying on Sunday. The U.S. and the EU have so far sought to be conciliatory about the bill,… Continue reading Lawmaker says EU should complain to WTO over U.S. Inflation Reduction Act
Octopus Energy acquires British solar power developer Zestec
Octopus Energy Group’s generation arm has acquired British solar power developer Zestec Renewable Energy to build more than 100 rooftop solar projects, the company said on Friday. Zestec is developing a pipeline of more than 160 megawatts (MW) of solar capacity to allow businesses and public sector organisations to benefit from self-generated renewable power. Through… Continue reading Octopus Energy acquires British solar power developer Zestec
Odisha bags investment proposals worth Rs 8.90 lakh cr so far in biz summit
CM Naveen Patnaik with dignitaries at the conclave. Bhubaneswar: The Odisha government said that it has bagged 325 investment proposals valued at over Rs 8.90 lakh crore till the fourth day of the ongoing business summit. Four new projects were inaugurated during the five-day ‘Make In Odisha Conclave 2022’ that began on November 30, and… Continue reading Odisha bags investment proposals worth Rs 8.90 lakh cr so far in biz summit
Tata Trusts Board may consider internal candidate for CEO job
Traditionally, the Trusts have been governed by a Tata insider. Narasimhan was named the first CEO of the Tata Trusts in 2020, marking a shift to a more professional management style. Narasimhan was earlier managing director of Tata Teleservices and Tata Teleservices (Maharashtra). The Tata Trusts board of trustees is understood to be considering a… Continue reading Tata Trusts Board may consider internal candidate for CEO job
US green plan should be ‘wake-up call’ for EU industry: French minister
Washington -French Finance Minister Bruno Le Maire on Friday said Washington’s $430 billion plan to spur climate-friendly technologies in the United States must be seen as a wake-up call for Europe. The EU “must be able to sweep in front of our own door” before worrying about the effects of the US climate plan on… Continue reading US green plan should be ‘wake-up call’ for EU industry: French minister
Proposed battery swap subsidy unlikely to be linked to EV standards
Representative Image India is unlikely to link the likely subsidy for battery swapping to adherence of standards, to be announced soon. Existing electric vehicle manufacturers are opposed to homogenous swapping standard. Battery Swapping Policy has already been finalised and will be notified shortly, said an official, privy to the development. “The standards mentioned in the… Continue reading Proposed battery swap subsidy unlikely to be linked to EV standards
Fusion Processing to help HVS in APC-aided hydrogen mobility project for net zero
Fusion Processing, a Bristol-based automated drive systems provider, today announced a collaboration with Hydrogen Vehicle Systems (HVS), a Hydrogen powered heavy truck maker, on a GBP 15 million (USD 17.8 million) grant from the UK Government’s Advanced Propulsion Centre (APC) as part of a wider funding package to support zero emission transport. Fusion Processing is… Continue reading Fusion Processing to help HVS in APC-aided hydrogen mobility project for net zero
Tata Power announces Rs 6,000 crore investment in Odisha
Bhubaneswar: Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha. Speaking at the Make in Odisha Conclave here on Thursday, Sinha said the four power discoms of Odisha, where Tata Power has a majority stake, are committed to Rs 6,000 crore capex investment in the… Continue reading Tata Power announces Rs 6,000 crore investment in Odisha