Adani group will invest more than $100 billion (around Rs 8,340 crore) in energy transition projects and manufacturing capability to produce every major component required for green energy generation, its chairman said on Wednesday. Besides building solar parks to produce electricity from sunlight and wind farms that do the same from wind, the conglomerate is building major facilities to manufacture electrolyzers for making green hydrogen, wind power turbines and solar panels.
"Surprisingly, not as popular as men's cricket but women's cricket is going to get very popular. The game has taken giant strides in the last two-three years. Hope a lot of people come to watch the tournament,"
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
With infrastructure claiming a larger share, movement and distribution of cement is bound to change.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
Seeking to make inroads into Africa, Prime Minister Dr Manmohan Singh on Tuesday said at the Ethiopian capital of Addis Ababa that India will continue to support efforts at infrastructure development, before announcing some very handsome grants which aim at helping Africa.
There is a need in Mumbai to create a fully empowered city government to manage urbanisation with political and financial accountability.
Arvinder Sood, CEO of Hanover Square Capital, says that they will be starting an India fund and they are looking at raising £100 million.
IndusInd Bank, a private-sector bank in India promoted by the UK-based Hindujas, will launch a $1 billion fund for deployment in the country's infrastructure sector besides its foray into semi-urban and rural areas.
Despite Indian economy recovering, there is very little room for loan growth, say bankers.
Transparency is more than welcome, but govt should not look vindictive.
It is increasingly clear that Rajasthan, under the leadership of Chief Minister Vasundhara Raje, will lead the country in terms of policy reform.
Delhi Metro, Yamuna-expressway and Tata Power's Mundra ultra mega power project in Gujarat are among the six ventures that have figured in the list of world's most innovative, impactful infrastructure projects prepared by international accounting firm KPMG.
Stressed asset funds could offer higher returns than traditional fixed-income funds, but holding period will be longer due to the risky underlying assets
Irked by India's status as the world's biggest arms importer, Modi wants to build an advanced defence industry
The Lodha Group has bought land parcels worth Rs 12,000 crore in Mumbai
The industry's reactions to the Budget have been mixed.
'The real test will be in defence-related deals, for instance the Javelin anti-tank missile: Is the US willing to co-develop something with India, on terms that will support the 'Make in India' initiative? Is there defence technology transfer? Or will it dump old junk on India?' asks Rajeev Srinivasan.
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