While raising funds from Indian banks, NuPower Renewables had said its ‘marquee’ equity investor — Accion Diversified Strategies Fund (ADSF) is a private equity fund with a corpus of $250 million with investments all over the world. NuPower Renewables is the only India-based investment of ADSF, which has shown its address in Cayman Island, a […]
Day: April 13, 2018
Oil eases as Trump backtracks on imminent Syria strike
Oil prices edged lower on Friday after U.S. President Donald Trump tempered remarks warning of an imminent missile attack on Syria, but were still set for their biggest weekly gains in more than eight months. NYMEX crude for May delivery was down 16 cents, or 0.2 percent, at $66.91 a barrel at 0632 GMT. For […]
Daring gamble to sell Air India hits turbulence in test for Narendra Modi
A plan to sell off India’s flagship airline is facing headwinds before it even gets started. Narendra Modi’s boldest asset sale yet is the proposed divestment of Air India, the nation’s money-losing flag carrier, has run into rough weather after some of the potential bidders opted out upset with the government’s terms. This setback, however, […]