Industry

GE Energy Financial Services (GE EFS) on Wednesday said it has bought a 49% stake in Continuum Green Energy’s 148.5 MW Morjar onshore wind project in Gujarat for an undisclosed amount. Continuum Green Energy is majority owned by global…

The base price of 5G spectrum would result in a further deepening of telecom operators’ debts, even with a low upfront payment, as the industry expected to shell out about Rs 1-1.1 trillion in the upcoming auctions. The operators are of…

The Cabinet's decision to allow direct spectrum allotments to independent companies for setting up captive private 5G networks is likely to lead to business uncertainty for telcos on enterprise service revenue streams, hit the overall 5G…

The Centre is likely to offer about 8 GW of electricity to states for the medium to long term from projects that are idling as they don't have coal linkages or purchase tie-ups, said people with knowledge of the matter. The Centre will…

As inordinate delays in the resolution of stressed assets hits recovery, the Insolvency Law Committee has suggested that the Insolvency and Bankruptcy Code (IBC) be amended to stipulate that the National Company Law Tribunal (NCLT)…

In an attempt to clean up its books before the announced merger with its subsidiary bank, Ltd is in the final stages of selling four large distressed accounts, including that of Subhash Chandra-promoted , to Assets Care and…

Board of Control for Cricket in India (BCCI) secretary Jay Shah told ET that the separation of TV and digital rights for Indian Premier League (IPL) was a key development and that the auctions that concluded on June 14 had made it the…

New Delhi: Substantial reduction in sales by private fuel retailers, bulk buyers' shift to retail outlets for lower prices and seasonal increase in farming-related consumption have combined to create a demand surge at petrol pumps run by…

E-commerce logistics solutions company, Shiprocket has signed a deal to acquire a majority stake in its competitor Pickrr for roughly $200 million, in a mix of cash and equity transaction, the two firms announced in a statement on…

The Tata Group-owned Air India has decided to procure its maiden batch of wide-bodied A350 aircraft of Airbus and the first plane is likely to be delivered to the airline by March 2023, sources said on Wednesday. However, it was not…