Advertisements Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due to valuation concerns, sources with knowledge of the matter said. Talks broke down… Read More ›
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UK to expand development finance investment to boost growth
Advertisements Britain will expand the size and reach of its development finance institution to provide billions of pounds of investment in infrastructure and technology in countries across Asia, Africa and the Caribbean, the government said. Announcing a plan to rebrand… Read More ›
Reliance-Aramco no-deal is sign of the ESG times
Advertisements Green and black are increasingly clashing. Reliance Industries and Saudi Aramco will re-examine a plan first unveiled more than two years ago for the oil colossus to pump $15 billion into the Indian conglomerate’s refining operations. The impasse reflects how quickly… Read More ›
BP’s venture capital arm looks to India in clean mobility drive
Advertisements BP’s venture capital division could put up to a third of its new investments into India as it looks for deals in a clean mobility drive, a managing partner at bp ventures told Reuters. The British oil company’s investment arm… Read More ›
India needs about USD 10 trillion to meet net zero target, says study
Advertisements To meet its goals of net zero, or being able to effectively eliminate carbon dioxide emissions by 2070, India will need close to $10 trillion (₹700 lakh crore), according to an analysis by climate and energy research firm, CEEW… Read More ›
Small Investors Will Get Direct Access to Investing in Govt Securities Market, Says PM
Advertisements The latest Tweet by PTI News states, ‘Small investors will get direct access to investing in govt securities market, says PM at launch of two customer-centric initiatives of RBI’.
India’s GDP to rise by USD 406 bn by 2050 in net-zero scenario
Advertisements India’s GDP will rise by $406 billion by 2050 and more than 43 million jobs will be created, as the Asia’s third-largest economy leaps towards a net-zero target, according to a report by Observer Research Foundation (ORF). At the… Read More ›
Investment in social sectors crucial for economic growth: NITI Aayog CEO
Advertisements NITI Aayog Chief Executive Officer Amitabh Kant on Thursday said investment in social sectors like health and education is crucial for sustained economic expansion and maintained India must get into “sunrise areas of growth”. Kant also expressed concern about the state… Read More ›
Adani to invest USD 70 bn in renewable energy, produce cheapest hydrogen
Advertisements Billionaire Gautam Adani on Thursday said his logistics-to-energy conglomerate will invest $70 billion over the next decade to become the world’s largest renewable energy company and produce the cheapest hydrogen on the Earth. Adani Green Energy Ltd (AGEL), the… Read More ›
New USD 143 Mn investment to restore Great Green Wall ecosystems and increase climate resilience in the Sahel
Advertisements A new US$143 million investment programme will ensure millions of the most at-risk rural people living in the Sahel region of West Africa can adapt to climate change, with a wide-reaching plan to restore degraded land and provide climate… Read More ›