Reuters revealed that oil company Repsol is negotiating the sale of a holding in its renewables division. Repsol Renewables is currently worth €5.9 billion including debt, according to a UBS report in April 2024. The company headed by Josu Jon Imaz has received an unsolicited approach from an investor and appointed Santander to advise on […]
Paris-based rail engineering firm Alstom has announced its results for the 2023 financial year, with EBIT (earnings before interest and tax) profits of €997 million ($1.08 billion), and a future order book worth €18.9 billion ($ 20.4 billion). However, despite the apparently positive numbers. the company also reported that overall it had a net loss []Read More
BALTIMORE, MD (IANS) – They would have been in Colombo in Sri Lanka, their destination, a couple of days ago, and would have been on their way home. But they remain on a cargo ship off the coast of the port city of Baltimore. The […]
US company denies decision is linked to UK’s 35% windfall tax on North Sea producersChevron is preparing to call time on more than five decades in the North Sea with a plan to sell its remaining oil and gas fields in the ageing oil basin.The US oil company said on Thursday that it will launch a sale of its North Sea interests, including a 19.4% stake in the giant Claire oilfield in the West of Shetland region, which could raise up to $1bn. Continue reading
Indian shares declined on Monday while volatility climbed with key equity benchmarks giving up most gains made this year on concerns over the outcome of ongoing national elections and sustained selling by foreign investors.The blue-chip NSE Nifty 50 NSE:NIFTY was down 1.03% at 21,828.7 points, whil
The 28th session of the Indian Ocean Tuna Commission will discuss proposals to regulate the use of the devices, often deployed by international fleets.
Renowned investor Stanley Druckenmiller has significantly reduced his stake in Nvidia, indicating a shift in his investment strategy. read more
US independent power producer (IPP) Enfinity Global has secured US$135 million in financing for a 1.2GW solar and wind portfolio in India.
Rising pollution in India, is impacting the annual revenue of Indian solar power plants, industry analysts tell PV Tech Premium.
Proposal will offer eight franchises for sale to private investorsJohn Spellar: ‘There should be full public accountability’A Labour MP has called on the government to review any future decision by the England and Wales Cricket Board to sell its stake in the eight Hundred franchises to private investors.The ECB has given the 18 counties plus the MCC until this Friday to give consent to this new “direction of travel” for the sport’s showpiece domestic competition. Under one current ECB...
Adani Green Energy has published its results for the 2024 financial year, which include a 33% growth in revenue from power generation.
Direct-to-consumer (D2C) brands which are primarily online-first have a large opportunity to expand into offline stores, venture fund Accel’s founding partner Prashanth Prakash told ET in an interaction.About 90% of the Indian retail market will remain offline even as it scales to $2.2 trillion in size by 2030, a joint report on omnichannel firms — which have both online and offline presence — by Accel, Fireside Ventures and market research firm Redseer said.“Today we have at least 100 digital...