Mumbai-based Reliance Industries acquired a 79.4 percent stake in Saratoga, CA-based solar energy software developer SenseHawk for $32 million. The acquisition is part of the conglomerate’s aggressive push into renewable energy to decarbonize its oil and chemical-dominated business. Reliance aims to produce 100 GW of solar energy by 2030. SenseHawk...
Nihon Kohden to Build its Largest Manufacturing Facility in India
Model Economic Township or MET City, a wholly-owned subsidiary of Mumbai-based Reliance Industries said it was developing a world-class greenfield smart city near Gurugram, Haryana in the Delhi National Capital Region. In this industrial township, Tokyo-based manufacturer of medical devices Nihon Kohden Corporation will build its largest facility in India....
Morgan Stanley: India to Become World’s Third-Largest Economy by 2030
In a report titled ‘The New India: Why This Is India's Decade", Morgan Stanley said India has the conditions in place for an economic boom. It could account for 20 percent of the growth that the world will generate. Ridham Desai, head of India-Equity Research, as well as the India...
India’s Reliance Expands Investments in Clean Energy in Europe
Mumbai-based Reliance Industries (RIL), through its subsidiary Reliance New Energy Solar Ltd., invested in German "green solar wafers" technology company NexWafe GmbH, and signed a pact with Danish company Stiesdal A/S for hydrogen electrolyzers, as part of a strategy to expand its clean energy portfolio. The company invested 25 million...
India Records Highest Ever FDI Inflow
Net foreign direct investment (FDI) into India hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous year's high of $43.013 billion. India's central bank, the Reserve Bank of India said that while the direct investment to India in FY21 stood at...
Reliance Retail to Launch Tiffany and Tory Burch in India
Reliance Brands Limited, the luxury retail subsidiary of Mumbai headquartered Reliance Industries, signed a deal to launch the iconic jewellery brand Tiffany & Co in India next April. At that time, the company will also introduce American lifestyle brand Tory Burch in India. Reliance Brands markets luxury brands such as...