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'We focus on investing in greenfield projects'

Swedish private equity firm EQT Partners and Singapore state investment firm Temasek set up the Indian renewable energy platform 02 Power in late 2019, joining a large number of foreign investors in the sector. At the time, they committed $500 million to 02 Power and said the platform would target 4GW of installed capacity. Since then, O2 Power has raised its capacity to 780 MW and is further set to increase it to 1,500 MIW by the end of March, its founder and CEO Parag Sharma said.

Industrial output soared 35% in FY22 post-pandemic recovery

Industrial output surged over 35% during 2021-22 (FY22) from the previous fiscal year, signaling a robust recovery from the impacts of the pandemic, the government's Annual Survey of Industries (ASI) results for 2020-21 and 2021-22 said.

Govt seeks nod for extra spending of over ₹78,600 cr

Most of the additional funds being sought are for schemes under the agriculture ministry

Box office sizzles even as footfall fizzles

The pandemic caused a break in the habit of people visiting cinemas, which hit footfall and revenues

FMCG ad dollars seen rising in Q4

Liquor major Diageo India's A&P reinvestment rate was 11% of its sales in the December quarter

Show outcome, get loan: Govt to states

In FY24, ₹1.3 tn was earmarked for the scheme, and about ₹30,000 cr of that was marked as outcome-based

Dr Agarwals Health Care plans IPO for $300 million

Dr Agarwals Health Care Ltd (AHCL), parent of publicly listed Dr Agarwals Eye Hospital Ltd (AEHL), is planning a $300–400 million public share sale later this year, three people aware of the plans said.

How BoB branches gave out gold loans without collateral

Gold loans without gold. Processing fees paid by branch. And repayments backdated to hoodwink the system.

Runaway rise in PSU scrips spurs worries

Sensex's returns pale in comparison to the rally over 3 months

Capacity remains a concern for IndiGo

InterGlobe Aviation Ltd, which runs IndiGo, ticked the right boxes in the December quarter (Q3FY24).

For Sahil Naik, the studio is a space of collaboration

In his workspace in Goa, Naik works on multiple series at the same time, moving between materials and mediums

How to make your office wear fun and chic

Dressing for work doesn't mean you have to cut back on style. Here's how

How introverts can gain visibility in the workplace

Introverts may often be ignored at offices, but many of their skills are workplace, vital to the like creativity, innovation, and better listening

The budget does well on both the big Cs: Capex and Consolidation

It aims to sustain the infrastructure momentum while a reduced fiscal deficit could also work in favour of economic growth

RBI should respond to Paytm's 'speed bump'

The regulator must ensure prudent banking. Its response to l'affaire Paytm Payments Bank should be an overhaul of the ownership structure of banks to improve regulatory oversight

'PRIVATE INVESTMENTS ARE FLOWING INTO SUNRISE SECTORS'

Economics and politics may not be completely detached from one another. If economics is good, it is going to play in the minds of the people during the election.

ICMR trials of Serum's HPV jab Cervavac may start next month

Trials will check for efficiency and side-effects and decide if a single dose is enough

Pristyn Care's fitness tech biz to raise up to $75 mn

Pristyn was founded in 2018 to provide patient-centric healthcare services from disease to health

Live events move beyond big cities to thrill small-towners

BookMyShow Live experienced a 2.3-fold increase in its consumer cohort of premium event-goers

Employees scurry for jobs after curbs on Paytm bank

Employees fear there could be more regulatory trouble ahead for the digital-payments firm

Govt likely to push for Air India units' stake sale in FY25

The process of seeking interest is yet to start for any of the cos, despite Air India being fully sold to the Tata Group

India key to Skoda's exports strategy, says country CEO

The company is looking to use its hub in Pune to export cars to South-east Asian countries

Timex bets on analogue watches in India

Timex is looking to capitalize on India's expanding consumer class, with a heightened focus on local production

SIAC denies emergency relief to Sony

The Singapore International Arbitration Centre (SIAC) on Sunday rejected Sony Group's emergency petition against Zee Entertainment Enterprises' plea before India's insolvency tribunal seeking implementation of the merger scheme with the Japanese media company's local unit.

NCLT okays Vadraj insolvency action

PNB filed for insolvency proceedings against the ABG Shipyard's unit for defaulting on its dues of ₹87 crore

Go First may get another 60 days to complete resolution

The airline has attracted interest from Sky One, Africa-focused Safrik Investment, & SpiceJet.

Record 6-year high in FPI fund inflow

Foreign Portfolio Investors (FPIs) have injected over ₹19,800 crore in the country's debt market in January, making it the highest monthly inflow in more than six years, on the back of inclusion of Indian government bonds in the JP Morgan Index.

Jewellery margin dulls Titan

Titan Co. Ltd's shares are down 2% since it announced its December quarter (Q3FY24) results on Thursday. A key disappointment in Q3 was the margin performance of its jewellery business.

India a hyper-growth mkt for Veeam Software

India is a hyper-growth market for Veeam Software, a US-based provider of backup, disaster recovery, and data management solutions.

Mid-cap IT firms test Gen AI before selling it to clients

Zensar, Sonata, Happiest Minds and Hexaware plan to be early movers in Gen AI segment