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State Bank of India torn between BlackRock and Funding Coal

SBI’s loans to the power sector stood at 1.86 trillion rupees at the end of March with 319.2 billion rupees of loans to renewable energy, according to the bank’s latest analyst presentation India’s biggest bank is caught between Larry Fink and Narendra Modi. State Bank of India needs to finance coal projects to meet the […]

TNECL Invites Bids for 20 MW Rooftop Solar Installations on Government Buildings – EQ

CBI books Hyderabad-based firm, its MD for Rs 166-crore bank fraud

The company has been doing business with State Bank of India since 2006 with an initial credit limit of Rs seven crore, which was increased to Rs 243 crore within four years, they said NEW DELHI: The CBI has booked Hyderabad-based Chadalavada Infratech Ltd and its Managing Director for allegedly cheating State Bank of India […]

INCREASING ADOPTION OF ELECTRIC VEHICLES 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 […]

NIIF Weighs Stake Sale in IntelliSmart as Smart Metering Market Expands – EQ

SBI Agrees To Extend Moratorium To NBFCs

India’s largest lender State Bank of India will allow non-banking financial companies to avail the benefits of a three-month repayment moratorium permitted by the Reserve Bank of India, a senior bank official told BloombergQuint on condition of anonymity. On March 27, RBI had allowed banks to offer the moratorium to term loan borrowers, among others. […]

INCREASING ADOPTION OF ELECTRIC VEHICLES IN INDIA – EQ