Australia’s key power market suspended spot trading as it attempts to ease an electricity crunch that’s been worsened by some plants withholding supply after the introduction of price caps. BloombergNEF analyst Will Edmonds discusses the details on Bloomberg Television.
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 infrastructure fund managed by Morgan Stanley Infrastructure. Morgan Stanley, which owns an over 85% stake in […]
Easy Pay, the digital payments platform, is in talks to raise close to $25 million in its Series A round at a valuation north of $250 million, its newly-appointed chief executive officer and co-founder Vaibhav Joshi told FE. He added that there is a “keen interest” from a host of investment bankers, including at least […]
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 opinion that reserve prices are on the higher side, and the industry’s debt […]
The department of telecommunication’s (DoT’s), in a notice inviting applications (NIA), on Wednesday said that direct allocation of spectrum to the Big Tech companies for building their private networks will follow a demand study and sector regulator Trai’s recommendation on aspects such as pricing and modalities of such allocation. Big Tech companies like Google have […]
Franklin Templeton Investments Chief Executive Officer Jennifer Johnson discusses M&A activity. She speaks with Bloomberg’s Dani Burger on “Bloomberg Surveillance: Early Edition.”
Home buyers of stressed realty projects may be governed by a separate regulatory framework if a proposal put forward by the insolvency regulator for public comments is approved. The Insolvency and Bankruptcy Code (IBC) was amended in 2018 to clarify the status of home buyers as financial creditors. However, a large number of real estate […]
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