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 […]
About 1,800 jobs are to be created in South Yorkshire building 10 new environmentally friendly airships. Hybrid Air Vehicles (HAV), a small Bedford-based company, announced on Wednesday it had signed a deal to provide a Spanish airline with 10 of its 100-passenger Airlander 10 helium-filled airships. The aircraft, which the company says will have under […]
The value of mortgage arrears in the UK has reached its highest level since 2010, with £2.05bn of mortgage debt delinquent at the end of the first quarter of 2022. As interest rate rises and the cost-of-living crisis hit household finances, more families are now beginning to fall behind on mortgage payments. Matthew Carter, partner […]
New ONS data shows that British exports to the EU reached their highest ever level due to rising exports of fuels as the bloc continues to import substantial quantities of LNG. Goods exports to the EU reached £16.4bn in April 2022, their highest level in current prices since the series began in 1997. Meanwhile, the […]
More than 64,000 staff at Lloyds Bank are to receive a £1,000 one-off payment to help with the rising cost of living in the UK. The payment – due to be made in August – comes after a campaign by the union Unite, which demonstrated at Lloyds’ annual general meeting last month. Unite said it […]