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INDIA INVESTMENT NEWS

India added close to 3,019 mw of grid-connected solar power generation capacity in 2015-16, which is well above its target of 2,000 mw for the fiscal. India’s total solar power generation capacity touched 6,763 mw as on March 31, 2016, according to the latest update on progress on clean energy initiatives. The tendering of over […]

Suzlon Energy Ltd, in its attempt to increase its presence in India’s renewable energy sector, has acquired Gale Solarfarms Private Limited, Tornado Solarfarms Private Limited, Abha Solarfarms Private Limited, Aalok Solarfarms Private Limited and Shreyas Solarfarms Private Limited. In its BSE filing, the company said the acquired firms will implement various renewable energy projects across […]

Hero Electric on Monday announced tie-up with the New Delhi Municipal Council (NDMC) and Tata Power to provide hassle-free travel during the ongoing 15-day odd-even traffic rule in the national capital. While NDMC will offer free parking spaces to Hero Electric users across the city, Tata Power will provide bike-charging facilities at all the major […]

JK Tyre, the country’s third-largest in the segment by revenue, has completed acquisition of the Rs 2,200-croreHaridwar unit from Birla Tyres, to enter the two- and three-wheeler segment. The acquisition expands the company’s tyre manufacturing capacity by 40 per cent, to 34.7 million tyres annually, across its nine domestic and three foreignplants. The Haridwar plant […]

A standard format has been designed for banks to share transaction related details with revenue intelligence and central security agencies looking into money laundering and financial fraud cases. This follows intelligence and probe agencies laying emphasis on a standardised format for sharing of information by the banks, including those done through cheques, official sources said […]