REC Receives RBI Approval for Gujarat Subsidiary

Inox Wind's 3MW Turbines for New Fortunes

Inox Wind, a leading player in the renewable energy sector, is eyeing new opportunities with its 3MW wind turbines. The company aims to capitalise on the growing demand for clean energy solutions and strengthen its position in the wind power market.

The 3MW wind turbines represent a significant advancement in technology, offering enhanced efficiency, reliability, and performance. With a focus on innovation and sustainability, Inox Wind aims to meet the evolving needs of its customers while contributing to India's renewable energy goals.

The deployment of these turbines is expec..

PFC Examining RBI's Draft Norms

Power Finance Corporation (PFC), a leading financial institution in India's power sector, is currently evaluating the Reserve Bank of India's (RBI) draft norms pertaining to project financing. Despite the scrutiny, PFC anticipates no adverse effects on its profitability.

The RBI's draft norms on project financing have sparked interest and scrutiny from stakeholders, particularly financial institutions involved in funding infrastructure projects. PFC, being a key player in financing power projects, is carefully assessing the implications of these guidelines.

The proposed regulat..

RBIs Investment in IIFC UK Subsidiary Drops in FY23-24

The Reserve Bank of India (RBI) witnessed a notable decline in its investment in the UK subsidiary of the India Infrastructure Finance Company Ltd (IIFC) during the fiscal year 2023-24. According to recent reports, the investment saw a reduction of one-fifth compared to the previous fiscal year.

This decline in RBI's investment comes amidst a backdrop of evolving economic conditions and shifting priorities in the infrastructure sector. While specific reasons for the reduction remain undisclosed, it reflects a nuanced approach by RBI towards its investment portfolio and strategic alloca..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..