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Adani Power Acquires Infra Development Firms SPPL And EREPL For Over Rs 609 Crore

Adani Power Acquires Infra Development Firms SPPL And EREPL For Over Rs 609 Crore

Adani Power on Monday has completed their acquisition of 100 percent equities in infra development companies SPPL and EREPL for about Rs 609 crore. On June 7, 2022, Adani Power had signed a share-purchase agreements in order to acquire 100 per...

Altcoin News: Recession, Tanking Economy Hit Crypto Markets Hard

Altcoin News: Recession, Tanking Economy Hit Crypto Markets Hard

As Q2 comes to a close, cryptocurrency markets are facing one of the most significant downturns in the past decade, with industry leader bitcoin (BTC) shedding nearly $47,000 of its price since November 2021. That's the largest percentage drop...

Indian Banks May Join Hands with Russia Lenders Not Hit by Sanctions

Indian Banks May Join Hands with Russia Lenders Not Hit by Sanctions

Indian banks including Canara Bank, Bank of Maharashtra and UCO Bank are likely to join hands with Russian banks that are not under Western sanctions to facilitate bilateral payments, said people familiar with the matter. These Indian banks...

India and EU set to resume free trade talks after a 9-year gap

India and EU set to resume free trade talks after a 9-year gap

India and the European Union will be relaunching the first round of formal free trade negotiations on June 27 in New Delhi after a gap of nine years, while concurrently working on investment protection and geographical indicator deals in the...

RBI Increases Limit of E-Mandates for Transactions Up to Rs 15,000

RBI Increases Limit of E-Mandates for Transactions Up to Rs 15,000

The Reserve Bank on Thursday raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions. It implies,...

India ranks third globally for total renewable additions in 2021, States Report

India ranks third globally for total renewable additions in 2021, States Report

Despite the promise of a worldwide green recovery in the wake of the Covid-19 pandemic, this historic opportunity has been lost a report has said, but India ranked third globally for total renewable power capacity additions with 15.4 GW in 2021,...

5G Spectrum Auctions to Settle by July-End, Services May Start by Sept: Govt

5G Spectrum Auctions to Settle by July-End, Services May Start by Sept: Govt

India's biggest spectrum auction, which will pave the way for high-speed 5G services, is likely to conclude by July-end and the rollout is expected by September this year, union Telecom and IT Minister Ashwini Vaishnaw said on Wednesday....

India's exports expand 24 percent in May but trade deficit widens sharply

India's exports expand 24 percent in May but trade deficit widens sharply

India’s total exports, including goods and services, in May grew 24% over a year ago to $62.21 billion, but the trade deficit also rose sharply to $15.44 billion in the month when compared to a $1.38 billion trade surplus in the same month...

GE Arm Buys 49% Stake in Continuum's Morjar Project

GE Arm Buys 49% Stake in Continuum's Morjar Project

GE Energy Financial Services, an arm of GE, has acquired 49% stake in Continuum Green Energy's 148.5 megawatt Morjar onshore wind project in Gujarat for an undisclosed sum.The deal size is estimated to be around $30 million, officials aware of...

Wholesale inflation bucks retail trend, rises to 15.88 percent

Wholesale inflation bucks retail trend, rises to 15.88 percent

India’s wholesale inflation has risen 15.88% in May, staying in double digits for 14 consecutive months as the cost of food, fuel and primary goods increased. The Wholesale Price Index (WPI) in May was higher than 15.1% recorded in April,...

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