Business & Finance

China’s SAIC to dilute stake in MG Motor India, drive EV sales – EQ Mag

May 11, 2023 Anand Gupta

BENGALURU : China’s SAIC Motor plans to drop its ownership in MG Motor India to allow domestic entities to take a majority stake, the Indian electric vehicle maker said on Wednesday, as Chinese investments face increased scrutiny by the New Delhi government. MG also plans to invest more than 50 billion rupees ($611.4 million) to […]

HPL-Electric-and-Power-Ltd-secures-Rs.-204-crores-in-Smart-Meter-Orders

Business & Finance

HPL Electric and Power Ltd Secures INR 204 Crore Smart Meter Orders – EQ Mag

May 11, 2023 Anand Gupta

Leading Indian electric equipment manufacturer HPL Electric and Power Ltd. (HPL) declared today that it has received smart meter orders worth INR 204 crore from clients with a presence across the country. The company has been operating and providing at an increased pace in alignment with the roll-out of government-led programs for smart metering thanks […]

GAIL will invest to build 1GW renewable energy, expand the business beyond natural gas

Business & Finance

GAIL plans $4.9 billion ethane cracker in West India: Sources – EQ Mag

May 11, 2023 Anand Gupta

Indian companies are boosting their petrochemical production capacity as the expanding economy boosts the need for goods ranging from plastics to paints and adhesives. A cracker produces ethylene, required for products such as plastics. GAIL (India) Ltd, the country’s top gas supplier, plans to build a 400-billion rupee ($4.89 billion) ethane cracker near its liquefied […]

Tesla may release $25,000 electric car without a steering wheel in 2023

Business & Finance

Tesla Begins Building $1 Billion Lithium Refinery in Texas – EQ Mag

May 10, 2023 Anand Gupta

Tesla broke ground on a lithium refinery it plans to build in Corpus Christi, Texas with CEO Elon Musk joined by Gov. Greg Abbott on Monday for the ceremony. Tesla plans to invest $375 million to build the facility according to filings with the Texas Comptroller. Tesla CEO Elon Musk joined Texas Governor Greg Abbott […]

European Investment Bankand Development Bank of SouthernAfricalaunch EUR 400 million South Africa renewable energy investment initiative

Business & Finance

Actis’ Japanese Renewable Firm Gets $500 Million to Develop 1.1 GW Capacity – EQ Mag

May 10, 2023 Anand Gupta

Nozomi Energy created as a Japan-focused renewables platform targeting 1.1GW of generation by 2027 Nozomi will deliver onshore wind and solar power with first investment in Hergo Japan Energy London, Tokyo : Actis, a global investor in sustainable infrastructure, has launched Nozomi Energy, a new US$500 million Japan-focused renewables platform. Nozomi will target 1.1GW of […]

Business & Finance

Goodera and EY Join Hands to Promote Sustainability and Empower Communities – EQ Mag

May 10, 2023 Anand Gupta

Goodera’s hosted volunteering experiences provide a unique opportunity for leading organizations NEW DELHI : Goodera, a leading platform for hosted volunteering experiences, recently collaborated with Ernst & Young (EY) to organize two impactful CSR activities in Bangalore and Gurgaon. The events were a part of EY’s Volunteering Festival and Connectival II, respectively. In Gurgaon, around […]

Business & Finance

IIT Kanpur & Indian Army collaborate to pursue carbon neutrality – EQ Mag

May 10, 2023 Anand Gupta

The move is aimed towards supporting India’s goal of achieving net-zero emissions by 2070. In yet another green initiative the Indian Army is now set to work towards achieving carbon neutrality in several cantonment campuses. Owing to this, the Military Engineer Services (MES) Jhansi has now signed an MoU with IIT Kanpur to achieve the […]

Business & Finance

PTC India inks pact with Brookfield Renewables to purchase 100 MW solar power – EQ Mag

May 10, 2023 Anand Gupta

“PTC India has executed a Memorandum of Understanding (MoU) with Brookfield Renewables for purchase of 100 MW solar power on a long-term basis.” Power trading solutions provider PTC India on Tuesday said it has signed an agreement with Brookfield Renewables for purchase of 100 MW solar power on a long term basis. Brookfield Renewables is […]

Business & Finance

YES BANK launches solar financing programme to aid MSMEs – EQ Mag

May 10, 2023 Anand Gupta

The Bank has forged strategic collaborations with original equipment manufacturers (OEM) and companies who offer solar solutions to support adoption of sustainable energy practices by MSMEs YES BANK today announced the launch of YES KIRAN, an attractive lending proposition aimed at offering financial assistance to Micro, Small and Medium Enterprises (MSME) manufacturers who wish to […]

Business & Finance

Odisha approves 11 projects worth Rs 2,841 cr – EQ Mag

May 10, 2023 Anand Gupta

Bhubaneswar : The Odisha government has approved 11 projects with a total investment outlay of Rs 2,841 crore, a senior official said. The projects, which will be set up in Bolangir, Ganjam, Jagatsinghpur, Khurda, Mayurbhanj, Rayagada, Sambalpur and Sundargarh districts, are expected to generate employment for 3,721 people. Chief Secretary P K Jena said the […]