Tata Power Renewable Energy Partners with Dugar Power to Accelerate Nepal’s Renewable Energy Initiatives
Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company Ltd, has partnered with Dugar Power, a subsidiary of Dugar Group, a prominent business house in Nepal, to accelerate Nepal’s renewable energy initiatives.
The partnership will enable TPREL to make its strategic entry into Nepal’s rapidly evolving renewable energy sector and deploy transformative solar technologies to produce a range of on-grid and off-grid energy solutions.
The agreement is designed to cater to Nepal’s diverse energy requirements, offering scalable solutions from 1 kilowatt (kW) to megawatt (MW) levels.
This partnership will also open up new horizons for TPREL to diversify its offerings, including the supply of solar cells and modules, engineering, procurement, and construction (EPC) services, and operations and maintenance (O&M) services in Nepal.
Abhishek Dugar, Managing Director of Dugar Power, said that this alliance is a strategic alignment in achieving Nepal’s long-term objectives for renewable energy and energy self-sufficiency.
This partnership is a significant development in Nepal’s renewable energy sector and is expected to play a key role in accelerating the country’s shift towards sustainable energy.
- 22 Sep
OYO Records Strong Growth in Business Travel Segment
OYO, a hospitality tech platform, has recorded strong growth in the business travel segment in the first seven months of 2023. The company has added nearly 2,800 corporate clients and its revenue from business travel has grown by 20%. The growth is being driven by strong demand from startups, film production houses, travel management companies, small and medium scale enterprises, and traditional business houses & conglomerates. OYO's commitment to providing affordable and reliable accommodation options to businesses of all sizes has made it a preferred choice for businesses across India.
- 22 Sep
Pharma Major Lupin Acquires 5 Legacy Brands from Menarini for Indian Market
Pharma major Lupin Limited has acquired five legacy brands in strategic therapy areas from Menarini for the Indian market. The brands are Piclin, Menoctyl, Sucramal O, Pyridium, and Distaclor. This strategic acquisition is in line with Lupin's goal to broaden its presence in the Indian market and offer a comprehensive range of products. The five brands acquired by Lupin have a range of medicinal properties and are used to treat a variety of conditions, including constipation, irritable bowel syndrome, acidity, stomach ulcer, heartburn, pain, burning, increased urination, and increased urge to urinate.
- 22 Sep
JPMorgan to Add Indian Government Bonds to Benchmark Emerging-Market Index
JPMorgan is adding Indian government bonds to its list of emerging market bonds that it invests in. This is a good thing for India because it means that more foreign investors will be able to buy Indian government bonds. This could bring in billions of dollars of investment into India, which would help the Indian economy grow.
- 21 Sep
Liberty General Insurance Appoints Parag Ved as CEO
Liberty General Insurance, a leading general insurance company in India, has announced the appointment of Parag Ved as its new Chief Executive Officer (CEO). Ved has over two decades of experience in the insurance industry, having held senior leadership roles at prestigious organizations such as ICICI Lombard General Insurance and Tata AIG General Insurance. He takes on the role following the retirement of Roopam Asthana.
- 21 Sep
Schneider Electric India to invest Rs 3,200 crore by 2026
Schneider Electric India plans to invest Rs 3,200 crore by 2026 to expand its industrial footprint in the country and focus on sustainable solutions. The company aims to be net-zero in its operations by 2030, carbon neutral by 2040, and net-zero CO2 emissions across its entire value chain by 2050.