Total speeds up renewables push with $2.5 billion investment in Indian solar power

By Sudip Kar-Gupta PARIS (Reuters) – Total is paying $ 2.5 billion for a share in Indian renewable energy firm Adani Green Energy Limited (AGEL) and a portfolio of solar power assets, marking the latest step in the French energy company’s drive to reduce its dependence on oil. For its investment, Total will get a […]

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Apple puts supplier Wistron on notice after Indian factory violence

© Reuters. FILE PHOTO: Men wearing protective face masks walk past broken windows of a facility run by Wistron Corp in Narsapura By Sankalp Phartiyal and Chandini Monnappa NEW DELHI/BENGALURU (Reuters) -Apple Inc has placed supplier Wistron Corp on probation, saying on Saturday it would not award the Taiwanese contract manufacturer new business until it […]

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Paytm, other Indian startups vow to fight ‘big daddy’ Google’s clout: sources

© Reuters. FILE PHOTO: A man walks past the sign of “Google for India”, the company’s annual technology event in New Delhi By Aditya Kalra NEW DELHI (Reuters) – Dozens of India’s technology startups, chafing at Google’s local dominance of key apps, are banding together to consider ways to challenge the U.S. tech giant, including […]

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Indian central bank announces new measures to maintain market stability

© Reuters. FILE PHOTO: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India announced new measures on Monday to maintain stability in the financial system during the coronavirus pandemic, including two more tranches of special […]

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Indian gold demand could hit three-decade low as lockdown hits festivals, weddings

2/2 © Reuters. FILE PHOTO: A saleswoman shows a gold earring to customers at a jewellery showroom in Mumbai 2/2 By Rajendra Jadhav MUMBAI (Reuters) – India’s gold consumption in 2020 could fall as much as 50% from a year ago to the lowest level in nearly three decades as a nationwide lockdown has closed […]

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Indian economy rides on consumer spending revival ahead of GST launch

© Reuters. FILE PHOTO: A vendor arranges clothes at his roadside shop in Kochi By Rajesh Kumar Singh GURUGRAM, India (Reuters) – Kaveri Shukla and her fiance are on a shopping spree ahead of their wedding next month. In just one week, the couple has bought home appliances ranging from a rice cooker to a […]

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