British International Investment allocates $ 89 million to push renewable energy in India

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 […]

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UK-based Cairn energy claims completion of all steps for retro tax repeal law; entitled to Rs 7,900 crore tax refund

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 […]

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RIL subsidiary acquires UK-based battery technology firm Faradion for 100 million British pounds

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 […]

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India seeks reciprocal, equitable access to foreign markets through FTAs: Commerce Minister Piyush Goyal

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 […]

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