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GM walks away from stake in electric vehicle maker Nik ola

Nikola on Monday released updated terms between the companies for a supply agreement related to GM’s fuel-cell system, replacing an agreement signed in September NEW YORK : General Motors will not be taking a stake in the electric vehicle company Nikola which announced Monday that it would scuttle one of its marquee vehicles, an electric […]

Climate Harm Puts Brakes on Buying Teslas with Bitcoin

GM Stock Jumps on News of Stake in Electric-Vehicle Company Nikola

Detroit auto maker will engineer and manufacture the Nikola Badger pickup truck in exchange for 11% ownership General Motors Co. ’s shares jumped after the auto maker said it would help an electric-truck startup develop and manufacture new models, the latest example of investor infatuation with electric vehicles. In exchange for its services, GM said […]

Climate Harm Puts Brakes on Buying Teslas with Bitcoin

Tata Power arm TPIPL acquires 10% equity in ABV; total stake rises to 50%

The 10 per cent stake acquisition has increased TPIPL’s shareholding in ABV to 50 per cent. NEW DELHI: Tata Power on Wednesday said its arm Tata Power International Pte Ltd (TPIPL) has acquired 10 per cent stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for USD 150,000 (about Rs 1.13 crore). […]

Webinar: Rajasthan Grid Interactive RE Systems Regulations 2021

GAIL in talks to buy stake in ACME Solar Holdings

The state-owned company formerly known as Gas Authority of India is said to be carrying out due diligence on solar power plants owned by ACME Solar. It is yet to discuss financial terms with ACME’s shareholders. The state-run player could pick up anywhere between 49-74% stake in ACME Solar holdings if discussions progress towards a […]

Webinar: Rajasthan Grid Interactive RE Systems Regulations 2021