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Daily Archives: October 2, 2011

IFC Forming Emerging Markets-Focused Cleantech Fund-Of-Fund

According to reports, International Finance Corporation (IFC), a private sector investment arm of the World Bank Group, is proposing to invest in an upcoming investment vehicle called Climate Catalyst Fund that will mobilise additional capital for co-investments in private equity funds focused on low-carbon and climate-friendly projects and companies across all emerging markets. IFC will have an exposure of 20 per cent of total commitments made to the Climate Catalyst Fund, subject to an overall cap of $75 million, it ... Read More »

Intel Capital invests in Solar Products maker Duron Energy

According to reports, Intel Capital, the venture capital (VC) arm of the world’s largest chip maker, announced an investment of $20 million (Rs. 97.8 crore) in six Indian companies. The VC firm has invested in Saankhya Labs Pvt. Ltd (a semi-conductor company), Testing Czars (a solutions provider for mobile applications), Financial Inclusion Network and Operations (a banking technology platform provider), What’s On India Pvt. Ltd (an electronic programming guide for television), enStage (an electronic payment solutions and processing provider), and ... Read More »

Tatith Energies Gujarat gets $19 million loan from US Ex-Im to buy SolarWorld Panels

The US Ex-Im has the mandate to double the country’s exports in five years and also create jobs, focusing on small and medium enterprises (SMEs). Promoting SMEs has hardly been on the radar of US policy-makers in an economy with thriving multinational companies. From Ex-Im’s perspective, India offers a vast opportunity for investments, especially in infrastructure that would need over $1 trillion between 2012 and 2017. “India could be our largest portfolio in next 12-18 months,” says Hochberg. Mr Hochberg ... Read More »

TVS Group lines up Rs 18 billion for wind energy

According to reports, after making its presence felt in the automobile industry, TVS Group has its sight set on energy. The $4-billion group has lined up Rs 1,800 crore to set up wind energy farms of 200 Mw over the next three years, according to a senior official of Sundaram Clayton Ltd (SCL), a holding company of TVS Motor Company, India’s third-largest two-wheeler manufacturer. SCL will fund the projects through debt, equity and internal accruals. It has already commissioned two ... Read More »

Tamil Nadu learns to live with power cuts

According to reports, for the last two days, Coimbatore and its suburbs have been severely hit by power crisis as most parts remained without power or with extreme voltage fluctuations throwing normal life out of gear for residents and industries. Due to the frequent voltage fluctuation, the public have been forced to shut down their motor units, refrigerators and air-conditioners for the last couple of days, while industrial units have also been scurrying for more diesel. Former president of Southern ... Read More »

West Bengal to have solar policy soon: Minister

According to reports, the West Bengal government will declare a policy on solar energy after Durga Puja festivities, minister Manish Gupta has said. “Solar energy is being promoted actively by the Indian government. Subsidies are given. We do not have a policy yet but are formulating one which will be declared after the Puja,” Gupta, the development, planning and power minister, said at a programme organised by the Indian Chamber of Commerce (ICC) here Saturday. He, however, said subsidy-driven growth ... Read More »

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