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Azure Power CEO Harsh Shah resigns due to “unforeseen circumstances”
International News

Azure Power CEO Harsh Shah resigns due to “unforeseen circumstances”

August 29, 2022 Mariel Alumit

Owing to unforeseen circumstances and matters beyond my control, I have decided to step down from my role of the CEO, Shah said. New Delhi:Renewableenergy producerAzure Powerannounced its Chief Executive Officer (CEO)Harsh Shahhas resigned from […]

Ambani details succession plan — retail to Isha, energy to Anant
International News

Ambani details succession plan — retail to Isha, energy to Anant

August 29, 2022 Mariel Alumit

At the annual shareholders’ meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains “a unit, well-integrated and secure institution even as it develops existing businesses […]

Mukesh Ambani succession, spinoffs in focus at Reliance’s shareholder meeting
International News

Mukesh Ambani succession, spinoffs in focus at Reliance’s shareholder meeting

August 28, 2022 Mariel Alumit

Anticipation is high as the 65-year-old billionaire has used the speech for a series of big announcements.New Delhi:Mukesh Ambani‘s once-a-year speech to investors has over time evolved into an eagerly-awaited pronouncement on his $222 billion […]

Debt ratio at billionaire Adani’s green firm needs ‘watching’
International News

Debt ratio at billionaire Adani’s green firm needs ‘watching’

August 27, 2022 Mariel Alumit

A key financial metric of Adani Green Energy is flashing signs of concern as its billionaire owner takes on more debt to become a renewable energy giant. The Gautam Adani owned company’s debt-to-capital ratio has […]

RIL, Adani submit bids for Lanco Amarkantak
International News

RIL, Adani submit bids for Lanco Amarkantak

August 27, 2022 Mariel Alumit

Among the three bidders, RIL has made the highest offer – of around INR1,960 crore – to lenders, and most of the money would be paid upfront, one of the persons cited above said. If […]

No Picture
International News

Tata Power raising $320m in sustainability-linked loans

August 25, 2022

If Tata Power does not invest or build capacity in areas like thermal power generation in the next few years, it will be rewarded by a reduction in interest rates by up to eight basis […]

No Picture
International News

Vedanta not to prune USD 2 billion capex target for FY23: CEO

August 25, 2022

“We are going ahead (with the capex target for the current fiscal). We cannot stop the project in between and these are all the brownfield projects where the returns are very good and this will […]

No Picture
International News

India’s Chennai Petroleum Corp forms joint venture for $4 billion refinery

August 24, 2022

CPCL, in which National Iranian Oil Company has about 15 per cent stake, was operating a small refinery at the Cauvery Basin at Nagapattinam, where the new plant will be located. BENGALURU: Chennai Petroleum Corp […]

No Picture
International News

Tata Motors signs PPA with Tata Power to develop onsite solar project

August 24, 2022

With this project, the onsite solar plant capacity of Tata Motors’ Jamshedpur facility will reach 14 MWp, which will generate 442 million units of green electricity having the potential to reduce carbon emission by 3.5 […]

No Picture
International News

ONGC, Indian Oil to make joint bid for JBF Petrochemicals

August 23, 2022

“ONGC has entered into a consortium with Indian Oil for the purpose indicated in your trailing email and is likely to submit a financial bid shortly,” an ONGC spokesperson said in an email reply. JBF […]

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