GE Arm Buys 49% Stake in Continuum's Morjar Project

GE Arm Buys 49% Stake in Continuum's Morjar Project

GE Energy Financial Services, an arm of GE, has acquired 49% stake in Continuum Green Energy's 148.5 megawatt Morjar onshore wind project in Gujarat for an undisclosed sum.The deal size is estimated to be around $30 million, officials aware of...

Wholesale inflation bucks retail trend, rises to 15.88 percent

Wholesale inflation bucks retail trend, rises to 15.88 percent

India’s wholesale inflation has risen 15.88% in May, staying in double digits for 14 consecutive months as the cost of food, fuel and primary goods increased. The Wholesale Price Index (WPI) in May was higher than 15.1% recorded in April,...

Key Factors to Consider Before Going for Business Partnerships

Key Factors to Consider Before Going for Business Partnerships

There are numerous advantages of forming business partnerships, as it enables a person with an opportunity to combine his/her resources as well as the skillsets he/she doesn’t possess with another person for better business prospective. That...

TATA Projects inks EPC contract for the Noida International Airport

TATA Projects inks EPC contract for the Noida International Airport

TATA Projects Limited recently has inked engineering, procurement, and construction (EPC) contract for undertaking Noida International Airport (NIA) with Yamuna International Airport Private Limited (YIAPL). Tata Projects has a vast experience...

Retail inflation declines to 7.04 percent in May, still above RBI’s upper limit of 6 percent

Retail inflation declines to 7.04 percent in May, still above RBI’s upper limit of 6 percent

India’s retail inflation declined moderately to 7.04% in May from a year ago when compared to an eight-year high of 7.8% in April. This is helped by a favourable base effect. Consumer prices, however, continued to breach the Reserve Bank of...

Most Rated Companies Have Buffers to Withstand Further 10-15% Rupee Depreciation, Says Moody's

Most Rated Companies Have Buffers to Withstand Further 10-15% Rupee Depreciation, Says Moody's

Moody's Investors Service has recently stated that most rated companies in India have buffers to withstand a further 10-15 per cent depreciation of the rupee. The rupee depreciated by 8 paise to close at 77.76 against the US dollar on...

Top 100 global firms' market cap reaches $31.7 trillion

Top 100 global firms' market cap reaches $31.7 trillion

The market capitalisation of the top 100 companies globally increased from $10.3 trillion to $31.7 trillion, an increase of 48 per cent, from March 2020 till March 2021, a new report has stated on Sunday. Apple topped the list with $2.85...

Chinese technology conglomerate Tencent buys stake worth $264 million in Flipkart from Binny Bansal

Chinese technology conglomerate Tencent buys stake worth $264 million in Flipkart from Binny Bansal

Chinese technology conglomerate Tencent has bought stakes worth USD 264 million (about ₹2,060 crore) in Flipkart from the company’s co-founder Binny Bansal through its European subsidiary, according to official documents....

Most Valued Companies Have Buffers to Endure Further 10-15% Rupee Depreciation: Moody's

Most Valued Companies Have Buffers to Endure Further 10-15% Rupee Depreciation: Moody's

Moody's Investors Service on Thursday said most rated companies in India have buffers to withstand a further 10-15 per cent depreciation of the rupee. The rupee depreciated by 8 paise to close at 77.76 against the US dollar on Thursday,...

RBI governor Shaktikanta Das states that businesses should avoid short-term reward-seeking culture

 RBI governor Shaktikanta Das states that businesses should avoid short-term reward-seeking culture

The Reserve Bank of India Governor Shaktikanta Das on Thursday has said that businesses should avoid having an aggressive short-term reward-seeking culture without considering the build-up of excessive risks in their balance sheets....

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