Skip to main content

Reliance, Tata Power in race for $2.4-billion solar module incentive

Reliance Industries and Tata Power, in addition to global corporations like First Solar, are competing for India`s $2.4-billion economic incentive scheme to sell home sun module production and decrease dependence on imported panels from China, Bloomberg said on March 2.

Other involved events consist of JSW Energy, Avaada Group and ReNew Energy Global.Adani Group, one in all India’s biggest sun panel manufacturers, did now no longer take part withinside the bidding process, as in step with the report.

The economic help is a part of Prime Minister Narendra Modi`s purpose to show the state right into a production powerhouse, growing extra jobs withinside the financial system and lowering imports which could drain overseas exchange.

PM Modi’s “Make in India” marketing campaign is an attempt to exhibit the u . s . a . as an opportunity to China amid a worldwide push to diversify deliver chains withinside the wake of the pandemic.

The authorities is supplying presents to take the u . s . a .`s module-making ability to as plenty as ninety gigawatts via way of means of monetary 2026, sufficient to fulfill its very own necessities and serve export markets.

The bids, being carried out via way of means of state-run Solar Energy Corp., closed Feb. 28, after being prolonged more than one times.

Comments

Popular posts from this blog

What should you know about Redeeming Mutual Funds?

The world of mutual funds is really tricky if you are not focused.   It is not rocket science but you have to be dedicated so as to make the most of your investments.   Whether to invest in ELSS, SIP or other schemes; the choices is always yours. It is always better to go through the option before you make the decision. If you are thinking How to redeem mutual funds online then the good news is that the process is quite easy. And on the basis of the kind of mutual fund you hold, money can get credited to your bank account in a maximum of four to five working days after you submit a redemption request to that specific fund house. How can an investor redeem mutual fund units? A unit of a mutual fund can get redeemed on any business day. In the physical mode, investors might require to fill in the requisite transaction slip and it can be download from the fund house website or that of detach from the bottom of your account statement.   The redemption application could get submitted

SEBI restrains Poonawalla Fincorp MD, 7 others

The Securities and Exchange Board of India (SEBI) has barred Abhay Bhutada, director of Poonawalla Finance, and 7 others from accessing the stock exchange after alleged trading . In a 46-page interim order, SEBI said the eight entities had made total wrongful gains of Rs 13.58 crore through trading in shares of Magma Fincorp (now Poonawalla Fincorp) round the time it had been acquired by Rising Sun Holdings (RSHPL). All the Entities, viz: Entity nos. 1 to eight are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders,” the market regulator said witin the interim ex-parte order. RSHPL had earlier this year acquired a controlling stake within the NBFC through an equity infusion of Rs 3,456 crore. Bhutada was director and CEO of Poonawalla Finance, a subsidiary of RSHPL. Bhutada allegedly passed on unpublished price sensitive information (UPSI) to some connected entities, consistent with SEBI’s interim order

Invest your money to get good returns

Money is everything which one needs to enjoy life. In everyone’s life, money can never be sufficient at any stage. Therefore every individual wants to save money and to invest that saved money to get high returns. Investing money on the right platform is not easy with an increase in companies of investment. There are many duplicate companies present in the market which promises to give high returns, and after investment, they cheat on you. One needs to check the company profile before investing the money. Every investor looks for an option where he gets high returns on low risk or moderate risk.   Each shareholder also wants that the company where he is going to invest, is flexible and transparent. Thus the company which satisfy all these points is only mutual fund. Mutual fund: A mutual fund is an investment company with a very reputed name in the share market. A mutual fund is known for its transparency, flexibility, returns and for interesting offers. There is a number of invest