Solar capacity addition down 12 per cent to 7,346 MW in 2019: Report
The large-scale solar projects saw a 7 per cent y-o-y fall while rooftop solar witnessed a 33 per cent drop y-o-y. Multiple reasons led to the fall in large-scale solar additions in 2019 including elections, a slowing economy, liquidity issues, tariff caps, lack of financing, curtailment, payment delays, and power purchase agreements renegotiations in Andhra Pradesh.
Share market update: Nifty Financial Services index down; Edelweiss tanks 9%
The Nifty Financial Services index was trading 0.23 per cent dow...
MFs raise holdings in Bharti Airtel as business prospects brighten for telco
The local funds have been buying Bharti Airtel for the last thre...
Drug makers must convert China crisis into an opportunity: Kiran Mazumdar Shaw
Too many regulations and price controls have weakened the structure of the pharma sector, says Kiran Mazumdar Shaw, Chairperson & MD at Biocon. Coronavirus crisis is an opportunity for India which it must not lose, she said.
Promoters trim pledged shares as market rallies after tax cut
Pledged holdings of companies in BSE 500 index declined to 2.28 per cent in December quarter.
Bet on midcaps in chemicals and auto sectors: Deven Choksey, KR Choksey Investment Managers
The next 2-3 years could possibly see a rebound in metals and the commodity pack as a whole, said Deven R Choksey, MD at KR Choksey Investment Managers. Choksey said he likes less volatile commodities such as zinc and aluminium.
Budget and financial sector: Key highlights
Credit guarantee scheme for NBFCs to be extended, said Nirmala Sitharaman.
Pay hikes in India to fall to decadal low in 2020: Aon survey report
A new survey report on Tuesday said that India will see the lowest salary increase in a decade this year, in which the real estate and trans...
India-US trade talks hit a wall over dairy access
New Delhi insists on mandatory certification of dairy products by veterinary officials specifying that the source animal was not raised on feed made of bovine extracts, a religious issue in India. The European Union, Australia and New Zealand provide this certification, but the US has been stalling on the issue.
Global scenario not rosy, will impact MF sector: SEBI official
The official of the Securities and Exchange Board of India said that liquidity is an important benchmark.
A data rich India needed to jumpstart MSMEs financial inclusion
With a large section of country’s MSMEs getting jittery of formal lending, a paucity of data is severely affecting financial institutions’ (...
Public Credit Registry to catalyse MSMEs’ financial inclusion: Enkash
According to Yadvendra Tyagi, EnKash's cofounder, a holistic view of the borrowers helps a lender in making a decision, and that’s where measures such as PCR can help immensely.
JM Financial gets shareholders' nod to raise up Rs 850 crore
The company further said that 99.9% votes were cast in favour of the special resolution.
JM Financial to raise Rs 300 crore in debt
The company has so far this fiscal year raised over Rs 500 crore through NCD sales.
Bank funding for large projects may gain momentum
Going ahead, planned or envisaged capex from all sources based on the pipeline projects sanctioned in all preceding years point to a noticeable improvement in 2019-20. The investment cycle appears to be poised to gain momentum in the short to medium term, but its sustainability needs to be watched closely, RBI said.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service