Singularity AMC Invests $57.2M in Bhilwara Energy

13 Mar 2025 CW Team

The Competition Commission of India (CCI) has approved ONGC-NTPC Green Pvt Ltd’s (ONGPL) proposal to acquire renewable energy firm Ayana Renewable Power Pvt Ltd for USD 2.3 billion.

ONGPL is a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL). The approval was confirmed through a post on X by the CCI, stating, “CCI approves the proposed combination involving the acquisition of Ayana Renewable Power Pvt Ltd by ONGC NTPC Green Pvt Ltd.”

Last month, ONGPL signed a share purchase agreement to acquire a 100% equity stake in Ayana. With approximately 4.1 GW of operational and under-construction assets located across resource-rich states, Ayana is considered a significant player in India’s renewable energy landscape.

This acquisition marks the second-largest deal in India’s renewable energy sector. The largest transaction remains Adani Green Energy’s (AGEL) acquisition of SB Energy India from SoftBank Group Corp and Bharti Group for USD 3.5 billion in October 2021.

The move aligns with India’s clean energy ambitions and showcases the growing interest in consolidating renewable energy assets under major players like ONGC and NTPC.

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..