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RBI weighs priority sector loans for electric vehicles

The Reserve Bank of India is considering a proposal from the Niti Aayog to categorise loans to purchase electric vehicles under the priority sector lending (PSL) segment. If the proposal is accepted, it will help the segment get credit at lower interest rates. Currently, these loans are given under the auto retail category, but lenders […]

Ather Energy ties up with BPCL to expand charging infrastructure

Fortum Solar Raised USD 1,47,49,994 by Rupee Denominated Bonds or Masala Bonds – EQ Mag Pro

Mumbai: Indian companies raised nearly USD 1.34 billion from foreign markets in October this year, down 34 per cent from the year-ago period, RBI data showed on Wednesday. The domestic firms had raised over USD 2.03 billion from the overseas markets in October 2020. In a break-up, the companies raised as much as USD 1.32 […]

Torrent Power gets letter of award to supply 150 MW renewable energy -EQ

SC on Loan Moratorium LIVE Updates: Apex court says complete interest waiver not possible, can’t allow moratorium extension

SC on Loan Moratorium: A Supreme Court bench comprising of three judges said judicial review is not possible on economic policy matters. The Supreme Court has pronounced its judgment on a batch of pleas related to the six-month loan moratorium period, stating that it cannot allow waiver of complete interest and extension of the moratorium. […]

Indosol unveils solar module plant in Telangana – EQ

RBI Update – Special liquidity scheme for NBFCs/HFCs

  Reserve Bank of India has issued a notification pursuant to a scheme approved by Government of India to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. Following NBFCs/HFCs are eligible under the Scheme: (a)  NBFCs including Microfinance Institutions that are registered […]

OeEB invests in AMPIN Energy Transition to support renewable energy investments in India – EQ

Reliance Power to eye value accretive growth opportunities

Anil Ambani also said that the company is committed to cleaner and greener power and is undertaking capital expenditure of Rs 3,300 crore to install Flue-gas desulfurization (FGD) in its coal based plants New Delhi: Reliance Power Chairman Anil Ambani on Tuesday said that the company’s focus will be on value accretive growth opportunities while […]

Indosol unveils solar module plant in Telangana – EQ

Punjab National Bank extends moratorium to NBFC

  Summary RBI on Saturday had conveyed to top banks that even NBFCs including microfinance firms and housing finance companies are covered under `borrowers’ to be eligible for moratorium. The central bank also told them they could use their discretion to decide the eligibility of firms based on their credit and liquidity profile. Kolkata: Punjab […]

OeEB invests in AMPIN Energy Transition to support renewable energy investments in India – EQ