Business & Finance

Rana Group to invest Rs 1,900 crore in EV business in phases

Sidbi to finance 50,000 EVs for MSMEs – EQ Mag

June 6, 2023 Anand Gupta

The financing will be done under a new project called Evolve, which is electric vehicle operations and lending for a vibrant ecosystem, under which Sidbi will give access to affordable commercial financing for EVs, the national bank said in a statement on Monday Sidbi has tied up with the Niti Aayog, World Bank, Korea-World Bank […]

Kutch heritage, Modhera solar-powered village

Business & Finance

Realty firm Gaurs Group sets up 15 MW solar power plant near Gwalior at Rs 80 cr – EQ Mag

June 6, 2023 Anand Gupta

Realty firm Gaurs Group has set up a 15 MW solar power plant near Gwalior in Madhya Pradesh with an investment of Rs 80 crore The electricity produced by the plant will be integrated into the central grid and utilised for its real estate projects, the company said in a statement. Delhi-NCR-based Gaurs Group has […]

Business & Finance

Embassy Reit raises Rs 1,050 cr through NCDs – EQ Mag

June 6, 2023 Anand Gupta

Embassy Office Parks REIT expects to secure interest savings of approximately 138 basis points Embassy Office Parks REIT or Embassy REIT, the first listed Real Estate Investment Trust (REIT) in India, announced the debt raise of Rs 1,050 crore through non-convertible debentures (NCDs) on Monday. The purpose of this fundraise is to refinance bank loans […]

Business & Finance

Government plans 15,000-crore push for batteries – EQ Mag

June 6, 2023 Anand Gupta

NEW DELHI : The government is working on a production-linked incentive (PLI) scheme worth as much as ₹15,000 crore to encourage the setting up of grid-scale battery storage, with the draft of the scheme expected to be released within a month, two people familiar with the development said. Grid-scale battery storage systems or battery energy […]

Coal Ministry to complete 67 first mile connectivity projects by 2027

Business & Finance

Centre gets Rs 4,185.31 crore from Coal India stake sale – EQ Mag

June 6, 2023 Anand Gupta

The government has received Rs 4,185 crore through a 3 per cent stake sale in state-run Coal India, as per the Department of Investment and Public Asset Management. By Press Trust of India: The government has mopped up Rs 4,185 crore through a three per cent stake sale in state-run Coal India. The holding of […]

Business & Finance

Sentra World Secures $2 Million in Funding Led by Avaana Capital and Other Investors – EQ Mag

June 6, 2023 Anand Gupta

Sentra.world, a startup with a strong focus on ESG (Environmental, Social, and Corporate Governance), has successfully secured $2 million in seed funding. The funding round was led by Avaana Capital, a venture capital firm specializing in early-stage climate-tech investments. Notable participants in the round included RPG Ventures and Golden Sparrow Ventures, as stated by the […]

India’s Gautam Adani Asia’s richest man in the eye of a storm

Business & Finance

Adani Group repays loans worth $2.65 billion to complete prepayment programme – EQ Mag

June 6, 2023 Anand Gupta

New Delhi : Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has […]

‘India’s green energy sector to attract $800 bn investment’ – EQ Mag

June 5, 2023 Anand Gupta

Investment in the Indian green energy sector could reach as much as $800 billion over the next decade, said Debasish Purohit, co-head of investment banking for Bank of America in India. “The energy transition theme will attract $800 billion investment over the next decade. We expect investments from Indian corporates, foreign strategic investors and sponsors […]

Coalescing ESG’s Shared Value with Business Goals for the Creation of Net-Zero Future

Business & Finance

Investors still warming up to ESG-focussed funds; asset base drops by Rs 2,020 cr in FY23 – EQ Mag

June 5, 2023 Anand Gupta

New Delhi: Sustainable or ESG (environmental, social, and governance) fosussed mutual funds, which are in a nascent stage in India, have seen their asset base declining by Rs 2,020 crore in fiscal 2022-23 even as experts hope such funds will attract greater attention in coming years. ESG investing is gaining traction globally, and India is […]

Mahagenco Issue Tender for 62MW AC CRYSTALLINE GRID INTERACTIVE SOLAR PV POWER PROJECT

Business & Finance

Indonesia seeks $700 million to install 200 MW of solar power – EQ Mag

June 3, 2023 Anand Gupta

JAKARTA : Indonesian state utility Perusahaan Listrik Negara seeks a $700-million investment to install a 200-megawatt (MW) solar panel that will replace diesel power generators in a bid to reduce carbon emission, the company said late on Saturday. The plan is part of its target to reach net zero carbon emissions by 2060. PLN has […]