India's largest private sector power producer, Tata Power Company, has called off its plan to sell 15 per cent stake in two special purpose vehicles (SPVs) owning coal mines in Indonesia to private equity (PE) firm Olympus Capital for $300 million (Rs1,392 crore).
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
Olympus Capital, UTI's PE arm to fund Rs 400 crore.
Hospital chain Aster DM Healthcare's plans to sell its Gulf business may run into rough weather with voting advisory firm Institutional Investor Advisory Services (IiAS) raising concerns over the transaction. Recommending an 'against' vote on the resolution, IiAS has said there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues. In November, Aster DM had announced its plans to sell its wholly-owned subsidiary Affinity Holdings, which conducts business in the Gulf Cooperation Council (GCC) region, to Alpha GCC for $1 billion.
Arysta, the target, is a leading crop protection and life sciences firm.
At a time when millions of people are taking to the streets, joining the wave of global climate strikes and demonstrations spreading around the world, with generations demanding urgent action on the escalating ecological emergency from governments and institutions, the Chartered Institution of Water and Environmental Management (CIWEM) Environmental Photographer of the Year contest shows the devastating impact climate change has on humans and wildlife around the world. The Environmental Photographer of the Year award, which is supported by the UN Environment, Arup, and Olympus UK, "exists to inspire change from political leaders, decision makers, and the general public." Keep scrolling to see the powerful winning photos from this year's contest.
