Former CDC Group, now British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has made a total commitment of $89 million to scale renewable energy capacity in India. The DFI’s investment is comprised of a Rs 350 crore ($47 million) follow-on commitment to Fourth Partner Energy, and a Rs 315 crore […]
Exports of tea during the first 11 months of 2021 declined to 175.38 million kg as compared to 189.83 million kg in the corresponding period a year ago, the Tea Board India said. According to industry experts, the decline in exports could be attributed to shortage of containers, high ocean freight and less offtake by […]
Britain’s Cairn Energy said it has complied with all rules of the retro tax repeal law to now become eligible for about Rs 7,900 crore refund of taxes that were collected from it to enforce a retrospective tax demand. As part of the settlement reached with the government of India in the seven-year-old dispute over […]
Reliance New Energy Solar Ltd, a Reliance Industries subsidiary, has acquired 100% shareholding in UK-based firm Faradion Limited for GBP 100 million. Reliance will spend an additional GBP 25 million to accelarate its roll out, Reliance Industries said in a press release. Faradion Limited is a leading global battery technology firm that has patents of sodium-ion battery technology. The Sheffield and Oxford-based firm […]
The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research. Global gross domestic product will be lifted by the continued recovery from the pandemic, although if inflation persists it may be hard for policy makers […]
India is looking at reciprocal and equitable access to foreign markets through free trade agreements, which the country is negotiating with its trading partners, Commerce and Industry Minister Piyush Goyal said. India is, at present, negotiating free trade agreements (FTAs) with countries like UAE, the UK, and Australia. Under a free trade agreement, two trading […]
The United States of America has also signed up to be a member to join the International Solar Alliance (ISA). It is now the 101st member country to make an entry into this initiative. “In a big boost to accelerate global adoption of solar energy, John Kerry, US Special Presidential Envoy for Climate, announced at […]
India and the UK are looking to enhance their International Solar Alliance (ISA) partnership with the launch of a new Green Grids Initiative connecting different parts of the world. The initiative is to be launched at the United Nations (UN) COP26 climate summit in Glasgow. will mark a merging of flagship interconnection initiatives from India […]
Sterling and Wilson Solar, a Shapoorji Pallonji Group company, has bagged its first order for waste-to-energy project from a developer of energy assets in the UK and Europe. The order is worth Rs 1,500 crore The construction for the project will begin in the third quarter of the financial year 2021-22 and will take over […]
The UK Royal Mint’s first bullion bar range featuring Goddess Lakshmi as a celebration of Diwali went on sale this week. The “Lakshmi” bar, a 20 gram gold bar with the Hindu Goddess of Wealth engraved intricately into the precious metal, was designed by Royal Mint designer Emma Noble and follows a close collaboration with […]
