Tulsi Tanti, the founder chairman and managing director of Suzlon Energy and a renowned expert on renewable energy, died due to cardiac arrest on Saturday evening. Tanti, 64, who was also the chairman of the Indian Wind Turbine Manufacturers Association, was on his way to Pune from Ahmedabad when he suffered a cardiac arrest, a company official said. He is survived by his daughter Nidhi and son Pranav.
Solar equipment manufacturing, however, is unlikely to pick up in India as Chinese imports are more cost-effective
A deal with Gamesa seen valuing firm at $3 billion.
Sebi pulled them up for delay in amending insider trading norms.
The latest crisis in the form of default to bondholders can be a crippling blow.
Why Sumant Sinha, chairman & CEO, ReNew Wind Power sees value in the renewable energy business.
Wind energy turbine maker Suzlon's founder-chairman, Tulsi Tanti, took a steep cut of Rs 1.46 crore (Rs 14.6 million) in compensation, as the company incurred losses last financial year.
The CEOs Forum was announced during the visit of Chinese prime minister Wen Jiabao here in December.
Suzlon is also looking at South Africa as a possible manufacturing base to join the ones it already has in India, China, Germany and Brazil, but chief executive Tulsi Tanti said it was still too soon to provide further details of this.
Suzlon is the world's largest wind energy turbine maker and is listed on the Bombay Stock Exchange.
Suzlon chairman Tulsi Tanti spoke to Business Standard at a recent World Economic Forum conference in Brussels about his view on a post-Copenhagen environment for wind and why green growth and development are complementary rather than contradictory.
Senvion SE will give Suzlon licence for off-shore technology for the Indian market.
A police complaint has been registered against Aishwarya Rai Bachchan and several others, including Suzlon chairman Tulsi Tanti, for the illegal purchase of land to set up a windmill at Nandurbar in north Maharashtra.
"The rest of the world should pass a motion of thanks to India for keeping its emission at a level which actually is below the level required to achieve climate sustainability," says Montek Singh Ahluwalia, a key member of Prime Minister Manmohan Singh's economic team.
Of the total project value of $5-billion, Suzlon Green Power will provide approximately $1.5 billion in equity. Suzlon Green Power will acquire existing green power assets and greenfield power projects. "Suzlon Green Power's business model will offer us an asset-based, long-term annuity income while mitigating the twin challenges of global warming and climate change.
Wind power major Suzlon Energy on Friday announced the acquisition of German wind turbine manufacturer REpower after the French nuclear energy group decided to withdraw from the bidding contest.
Domestic wind power firm Suzlon Energy chief Tulsi Tanti, along with Wadia Institute of Himalayan Geology's D P Dobhal, have made to a list of global environment champions prepared by the Time magazine.
Suzlon made its initial tender offer for the shares of REpower supported by Martifer in February last year. The deal was structured in such a manner that Suzlon would buy Martifer's stake within two years for a price of ?265-270 million.
Armed with a counter offer, country's largest wind energy company Suzlon Energy is confident to acquire the German firm REpower but will refrain from getting into a bidding war if that hurts the interest of its shareholders.
Consultancy Services CEO S Ramadorai was named Manager Entrepreneur of the Year.
Global professional services firm Ernst and Young said on Tuesday it will induct Suzlon Energy Chairman Tulsi Tanti in its World Entrepreneur of the year Academy on June 3 in Monte Carlo, Monaco.
The Rs 6,130-crore (Rs 61.3 billion) Suzlon will buy out Areva's stake in REpower, a year down the line, at a valuation to be decided on by an independent team.
The structure of Suzlon's takeover of REpower significantly lessens the financial implications, though the FY08 earnings may still take a hit.
Our break-even level has come down and we expect the cost structure to improve further, says the Suzlon chief.
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
The business council aims to give impetus to trade.
The world's fifth largest wind turbine supplier Suzlon Energy will invest close to Rs 15,000 crore in the next five years to set up power projects of 2,000 MW capacity in Madhya Pradesh.
On the telecom sector, he demanded auctioning of more spectrum.
Delaying action on climate change will hurt growth: Global CEOs.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Act says remuneration to directors and key managerial personnel should involve a balance between fixed and incentive pay.
'Right time, right place, right business and I could see I was the right person. It was a now or never moment in a sense. If I didn't do it then, then when? There is little point in entering a business as an entrepreneur when someone else has proven the concept.' BJP leader Yashwant Sinha's son started ReNew Power during the UPA II government to focus on clean energy.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
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