Archive for September 25th, 2008
Suzlon arm to spend $5 bn on green energy
Business Standard Suzlon Energy Chairman and Managing Director Tulsi Tanti announced the company’s plan at the 2008 Clinton Global Initiative (CGI) of former US President Bill Clinton in New York, said a press statement issued by Suzlon. Of the total project value of $5-billion, Suzlon Green Power will provide approximately $1.5 billion in equity. Suzlon [...]
Anil Ambani promoted ADAG Group slots USD $13.3 billion for green energy
Business Standard Anil Dhirubhai Ambani Group (ADAG)-promoted Reliance Power (R-Power) is planning to invest over Rs 60,000 crore (USD $13.3 billion at 1USD ~45INR) in renewable and alternative energy resources such as hydroelectric, wind, solar and fuel cell-based power. R-Power Chairman Anil Ambani said the company was planning to generate about 5,000 MW from hydroelectric [...]
Building fashion empires of their own
International Herald Tribune Some insiders believe that Indian brands, which already have a majority share of the country’s luxury market at their fingertips, are more attractive to investors than local designers in other emerging economies. “Why smaller versions of the European conglomerates?,” asks Akshaya Chauhan, a director of the Fashion Design Council of India, who [...]
South American Leaders Hail Closer Ties
efluxmedia South American leaders gathering at the United Nations this week have been touting their own new political union, which was hailed as a coming of age for the continent. The regional leaders gathered for a closed-door meeting Wednesday of the Union of South American Nations, a collection of 12 countries. Chilean President Michelle Bachelet, [...]
FDI in Latin America, Caribbean hits record 126.3 billion dollars for 2007
Earth Times Finance General Foreign direct investment (FDI) in Latin America and the Caribbean reached a record 126.3 billion US dollars in 2007, the United Nations Conference on Trade and Development (UNCTAD) said Wednesday in the Chilean capital Santiago. UNCTAD expected the figure to continue to rise in 2008.Brazil, Mexico, Chile and Argentina received a [...]
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