Adani Enterprises

With this deal, SB Energy India is now a 100 per cent subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group.The transaction pegs SB Energy India at an enterprise valuation of USD 3.5 Billion (Rs 26,000 crore) and marks the largest acquisition in the renewable energy sector in India.

The over $700 million deal, which was struck in Colombo with the Indian partners joining virtually, is to run for 35 years with the Adani Group having majority 51 per cent share, followed by John Keels (34 per cent) and SLPA (15 per cent). Following a 2019 tripartite agreement with India and Japan, the Adani Group was to develop the East Container Terminal (ECT) jointly with Japan.

The AREMHL has signed definitive agreements with Essel Green Energy Pvt Ltd to acquire 100 per cent economic value in a special purpose vehicle (SPV) that owns the solar project in Odisha, the company said in a statement on Thursday. The project has a long-term Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about 22 years, the company said.

ATL won the project through the tariff-based competitive bidding (TBCB) process and received the LoI on September 14. ATL will build, own, operate and maintain the transmission project in the state of Madhya Pradesh for a period of 35 years. The project, ‘MP Power Transmission Package-II Limited', consists of approximately 850 ckt km of transmission lines and air insulated substations of various voltage levels.

With fresh funds, Khatabook will focus on financial services disbursement through its software ecosystem, catering to 10 million monthly active MSMEs. The company said that it plans to accelerate hiring to strengthen its engineering, product, design, analytics, and data science capabilities. The first phase of our journey was enabling digital transformation by building a tech ecosystem for Indian MSMEs.

Its consolidated revenue also grew to Rs 4,557 crore as compared to Rs 2,293 crore in the same period of previous year, registering a growth of 99 per cent. "The results are a validation of the strong fundamentals of the APSEZ strategy leading to a continued gain of market share as the company transforms into a full-fledged pan-India Ports & Logistics platform," Karan Adani, Chief Executive Officer.

This is part of the Uttar Pradesh policy for setting up institutional services in Noida in IT and ITES sectors to promote investment and employment. As per a notification, Adani Enterprises will make investments of Rs 2,400 crore within the upcoming facility at Sector 62, Noida which will generate employment for 1,350 persons. In addition, the Noida authority has allotted another 16,350 sq metre land parcel in sector 145 to MAQ India Pvt Ltd to for an IT facility.

slice has raised this amount from existing investors Gunosy, Blume Ventures among others. "The banking industry in India has always viewed credit cards as a loan product rather than a high frequency payment instrument. Therefore, banks' main focus is to optimise the fees related to credit cards and there are portfolio teams to increase the loan book," Rajan Bajaj, Founder & CEO, slice, said in a statement.

With this latest funding, the US and Delhi-based Sentieo has now secured $62 million in total capital. Currently, Sentieo employs 175 people, with more than 120 at its office in New Delhi. "With the incredible adoption of the Sentieo platform it is clear we are experiencing a massive shift in how financial and corporate research is executed," said David Lichtblau, CEO of Sentieo.

The change will come into effect prior to the opening of the indices on Thursday. In a statement, S&P Dow Jones Indices said that the decision was taken after an analysis was conducted on the company post the news reports over its alleged commercial link with the Myanmar military.