Saturday, October 17
New Delhi: Blackstone, which has a $50 billion investment portfolio in India, has submitted a non-binding offer of $1.5 billion for Statkraft’s local arm that houses a 2 gigawatt renewable energy generation portfolio, according to people aware of the matter. This is the first time Blackstone is evaluating a renewable energy acquisition in India, they said. It recently closed a global energy transition fund raising $5.6 billion.The offer has been approved by Norway-headquartered Statkraft’s global board and competes with those from KKR-backed Serentica Renewables, Sembcorp and BlackRock, according to the people cited. All other contenders have sizable renewable energy generation investments in the country and are said to be equally poised in the race. 121276043A law firm will provide a
Twelve people in Puducherry have tested positive for Covid-19 in the past week, according to a press release issued on Tuesday by the Department of Health and Family Welfare Services.V Ravichandran, Director of the department, said that health teams have been checking people showing symptoms like cough and cold, following guidelines from the Union Health Ministry.He urged the public not to panic, assuring that the department is fully prepared to deal with the situation.To manage any possible rise in cases, four hospital beds have been reserved for Covid-19 patients at the Government General Hospital, Indira Gandhi Medical College and Research Institute in Kadirkamam, and the Rajiv Gandhi Government Hospital for Children.A special six-bed ward with ventilators and oxygen support has also be
Elon Musk, the richest person in the world and a key financial supporter of President Donald Trump, said Tuesday that he'll be spending less on political campaigns. His decision, which he disclosed via videoconference during a Bloomberg forum in Doha, Qatar, could be a setback for Republicans before next year's midterm elections. It also speaks to his possible disenchantment with politics after his tumultuous experience with the Department of Government Efficiency, which has fallen far short of its goals for reducing federal spending. "I'm going to do a lot less in the future," Musk said. Asked why, he responded that "I think I've done enough." Musk spent at least $250 million supporting Trump in the presidential campaign, as the main contributor to America PAC, a super PAC that was active
