CPP Investments (CPPIB), Canada’s largest pension fund manager, has dropped its plans to sell stake in IndoSpace Core, its equal joint venture with IndoSpace, a developer of logistics parks promoted by Southeast Asia-focused Everstone Capital and US-based Realterm, people in the know said. CPPIB did not get the desired valuation from bidders, sources said. “Also
Not just kiranas, but quick commerce is beginning to hurt organised grocery retailers in urban centres as consumers seek instant gratification and convenience. While DMart, a popular grocery chain, admitted last week that online formats were hurting sales in metro stores, NielsenIQ data sourced from the industry corroborates this trend. Sales volume growth in modern
As the government looks to set up 500 gigawatt (GW) of green capacity by 2030, a key challenge is to ensure its seamless access to the Grid. This is because RE by nature is intermittent, which undermines its optimal use unless stored efficiently. Private companies such as ReNew, JSW Energy, Avaada Energy, Serentica Renewables, Gensol
India’s renewable energy RE) ambitions could increase the country’s annual solar import bill to $ 30 billion from $ 7 billion currently with most of it coming from China and as the entire world faces the same issue in its efforts to decarbonise key countries need to unite to global scale solar manufacturing facilities, according
By Dr Mohit Tantia Rajasthan has emerged as a prime destination for solar energy investment, not just in India, but globally. With an impressive installed capacity of 22,860 MW, the state now ranks first in the country in solar energy production. As India pushes toward its ambitious goal of achieving 500 GW of non-fossil fuel
India has proposed to the United States to convert their memorandum of understanding in critical minerals into a critical minerals agreement (CMA) that will give the benefits of a free trade agreement to the trade of electric vehicles. “I have suggested that our critical minerals MoU should be converted to critical minerals partnership agreement and
Kotak Mahindra Bank’s standalone profit rose 5% to Rs 3,344 crore in the second quarter of current fiscal from Rs 3,191 crore in the same quarter previous year, helped by healthy growth in net interest income and improvement in asset quality. The net profit was below expectations as Bloomberg analysts expected the lender to post
Tech Mahindra reported a higher-than-expected earnings in the September quarter on the back of improved revenue growth in communications, hi-tech and media, and banking, financial services and insurance verticals. The consolidated revenue rose over 2% sequentially to Rs 13,313.2 crore in July-September against Rs 13,005.5 crore reported in the June quarter. The topline also beat
Good news for UPI users! The Reserve Bank has allowed prepaid payment instruments holders to do UPI transactions through third-party mobile applications. Until now, UPI payments from bank accounts could be made by linking a bank account through the UPI App of the bank or using any third-party UPI application. However, the same facility was
As 2024 enters its final phase with just three trading days remaining, its a busy day at the exchanges with 6 listings scheduled today. Among these 6 public issues making their debut on the Indian bourses, the two mainboard issues that are at the centre of everyone’s attention is – DAM Capital Advisors and Mamata
Go to Live UpdatesACME Solar Holdings Share Price Today Live Updates, 27 Dec, 2024: The ACME Solar Holdings share is in news and the counter closed trade on 26 Dec, 2024 at Rs 239.75. The shares touched an intraday high of Rs 246.75 in the last trading session while the intraday low was at Rs
Go to Live UpdatesReligare Enterprises Share Price Today Live Updates, 27 Dec, 2024: The Religare Enterprises share is in news and the counter closed trade on 26 Dec, 2024 at Rs 301.7. The shares touched intraday high of Rs 311.5 in the last trading session while the intraday low was at Rs 296.05. The company’s
The retail real estate market in Delhi-NCR achieved a landmark year in 2024, driven by record leasing volumes, reduced vacancy rates, and rising rental values. This achievement, supported by strong developer confidence, significant infrastructure developments, and shifting consumer trends, solidified Delhi-NCR’s status as India’s premier retail investment destination. CBRE’s India Retail Figures H1 2024 reported
