Tamil Nadu will soon get some relief from power cuts as Unit 1 of the Kudankulam nuclear power project has been cleared to achieve 100 per cent capacity by the Atomic Energy Regulatory Board.
Tag: India
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Tata Power to add 646.7 MW RE
Tata Power plans to increase its renewable energy capacity by about 71 per cent to cut carbon emissions and reduce risks from fluctuating fuel prices. The utility is adding 646.7 MW of renewable energy capacity.
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Government evaluating site in Bihar for UMPP
The power ministry is evaluating a site in Bihar for setting up a 4,000 MW ultra mega power project (UMPP) and has approached the Coal Ministry for allocation of a nearest coal block for the thermal plant.
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Economy to grow by 6.5 per cent
India's economy will grow by 6.5 per cent over the next four years if there is a decisive mandate in the general elections, CRISIL said. But if there is no clear mandate, the economy could derail further.More than election outcomes,
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GMR Infra gets Rs 1,740 cr from stake sale in Istanbul
GMR Infrastructure has received Rs 1,740 crore towards divestment of 40 per cent stake in Istanbul Sabiha Gokcen International Airport in favour of Malaysia Airport Holdings Berhad.
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Bandhan to start 600 branches
Bandhan Financial Services plans to begin its banking journey next year with around 600 branches. Bandhan will operate in the rural belt and in the unbanked areas of the country.
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Exim Bank to set up PDC with African Development Bank
Exim Bank will soon set up a Project Development Company (PDC) in association with the African Development Bank, a multilateral institution for 55 African countries. According to David Rasquinha, Executive Director, Exim Bank
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JICA loan to Uttarakhand forest project
The Japan International Cooperation Agency (JICA) has approved a loan of about Rs 674 crore for a forest project in Uttarakhand. The loan at a concessional interest rate of 0.30 per cent carries a repayment period of 40 years with a grace period of 10 years.
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SBI inks deal with Reliance Money Infra
State Bank of India (SBI) has signed up Reliance Money Infrastructure (RMIL), an Anil Ambani Group company, in a 'business correspondent' deal to source a range of banking services.
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Shriram Capital eyes more acquisitions
Shriram Capital is looking at a possible shift in strategy in favour of more acquisitions to expand its businesses. Apart from the acquisitions, Shriram will also focus on entering newer businesses which may be aligned to the current ones