Business & Finance

DroneDeploy announces $35M Series D led by Bessemer Venture Partners

November 14, 2019 Anand Gupta

Tracy Young, founder of PlanGrid, joins Board to help bring DroneDeploy to every job site SAN FRANCISCO : DroneDeploy, the leading enterprise-grade drone software solution, today announced it closed a $35 million Series D round led by Bessemer Venture Partners. Bessemer partner David Cowan, a 14-time Midas list investor, will also join the Board. “Drones […]

Business & Finance

Ambev to invest $145 mln in wind farm to power Budweiser breweries in Brazil

November 11, 2019 Anand Gupta

Under the terms of the agreement, Ambev is expected to pay around 600 million reais ($145 million) over a 15-year period SAO PAULO : Ambev SA said on Friday it has signed a deal with a private equity group to build a wind farm that will supply renewable energy to all of its beverage plants in Northeastern Brazil, as […]

Business & Finance

Ambev to invest $145 mln in wind farm to power Budweiser breweries in Brazil

November 9, 2019 Anand Gupta

SAO PAULO: Ambev SA said on Friday it has signed a deal with a private equity group to build a wind farm that will supply renewable energy to all of its beverage plants in Northeastern Brazil, as well as to its five Budweiser breweries across the country. Under the terms of the agreement, Ambev is […]

Business & Finance

Exide Industries share price gains 3% after Nomura turns bullish with rating upgrade, raises target

November 8, 2019 Anand Gupta

Nomura upgraded stock to buy from neutral and raised target price to Rs 222 from Rs 203 per share, implying 19 percent potential upside from current levels. Shares of Exide Industries rose 3 percent intraday on November 7 after Japanese brokerage firm Nomura turned bullish on the stock, upgrading its rating after Q2 earnings. The […]

Business & Finance

Fuji Electric targets Rs 1,500crore revenue by 2023

November 8, 2019 Anand Gupta

CHENNAI : Fuji Electric Co on Thursday announced a target to reach Rs 1,500 crore by 2023. The company would focus on charging stations to cater to the electric vehicle segment and work with metro stations, pump manufacturers and other businesses. The company said it would also focus on emerging applications like Energy Storage, megawatt […]

Business & Finance

Canada Pension Giant to Buy Pattern Energy for $2.6 Billion

November 5, 2019 Anand Gupta

Canada Pension Plan Investment Board agreed to buy Pattern Energy Group Inc. in a deal valued at $2.6 billion as big investors chase wind and solar farms that had lost luster on Wall Street. The Toronto-based pension giant will pay $26.75 a share for Pattern, a 3.8% discount to Friday’s closing price, according to a […]

Business & Finance

Buenavista Renewables and Micronesia Renewable Energy Close Debt Financing for Latte Stone Solar 2 Distributed Generation Solar Portfolio

October 30, 2019 Anand Gupta

HAGÅTÑA, Guam : Buenavista Renewables (BVR) and Micronesia Renewable Energy (MRE) have closed a US$4.3 million loan with Bank of Guam for the construction of the Latte Stone Solar 2 (LSS2) portfolio of distributed generation PV solar facilities on Guam. LSS2 is the second phase of the multi-phase Latte Stone portfolio that the company is […]

Business & Finance

mPower Technology Raises $2.5 Million in Series A Round

October 29, 2019 Anand Gupta

Company nears commercialization phase with breakthrough solar technology in the aerospace market ALBUQUERQUE, N.M.: Innovative solar cell technology startup, mPower Technology, today announced that it has raised $2.5 million in Series A funding from experienced sector investors, including Santa Fe-based Sun Mountain Capital. The capital builds upon extensive R&D investment by Sandia National Laboratories and […]

Business & Finance

China seeks WTO okay for USD 2.4 billion tariffs on US goods

October 22, 2019 Anand Gupta

The move comes as the world’s two largest economies continue to seek a deal to resolve a trade war that has seen billions of dollars in tit-for-tat tariffs imposed by both sides. GENEVA : China will ask the World Trade Organisation for permission to impose tariffs on USD 2.4 billion worth of US goods as […]

Business & Finance

Terna Energy Finance to launch green bond tender offer October 16

October 16, 2019 Anand Gupta

The offer for the seven-year bond will end on October 18, it said ATHENS: Terna Energy Finance, the financing arm of Terna Energy, will launch a tender on Oct. 16 for a green bond loan of up to 150 million euros, it said on Monday. The offer for the seven-year bond will end on Oct. […]