Friday, September 11
Wind energy solutions provider, Inox Wind (IWL), on Tuesday said it has sold a stake worth ₹175 crore in its EPC subsidiary, Inox Renewable Solutions (formerly Resco Global Wind Services), to investors at a valuation of ₹7,400 crore.The company did not disclose who these investors are. This latest development comes after the National Company Law Tribunal approved the merger of Inox Wind Energy (IWEL) into IWL on June 10, 2025, strengthening the company's balance sheet by reducing liabilities by about ₹2,050 crore.Last September, Inox Renewable Solutions had approved a ₹350 crore equity raise from investors for a single-digit stake. Inox Renewable Solutions offers end-to-end services for wind projects right from the conceptualisation stage up to project commissioning, as well as the
The number of bottom-of-the-pyramid borrowers taking loans from four or more lenders has come down 44% from a year ago, reflecting the impact of prudential lending in the most vulnerable economic strata where mounting delinquencies dented the performance of Indian lenders in the last five quarters.The number of such borrowers queuing up at more than three financiers fell to 3.1 million at the end of the June from 5.7 million a year ago, showed the CRIF High Mark data, illustrating the efficacy of a three-lender exposure cap that took effect from the start of this fiscal. The latest count represents about 4% of an active borrower base of 79.8 million.The 3.1 million customers, who could be considered 'higher risk' have ₹35,712 crore of outstanding borrowing between them at the end of June
By Stephen JenIs technology more job augmenting or job replacing? This has been a long-standing debate. But recent academic work suggests that technology has been a net destroyer of jobs for decades. Artificial intelligence and robotics could rapidly accelerate this trend, with significant implications for inflation, the size of government and U.S.-China relations. Over the long arc of history, technological advances have enabled industries to emerge, as workers, released from "older" jobs by machines, have been able to transition into newer ones. Indeed, 60% of workers today are employed in occupations that did not exist in 1940, or 74 percent if we consider just the professional category, which added the most workers during the past eight decades. However, recent academic research sugges
