The BJP-led Centre is reviving mega solar power project in Leh and Ladakh with a plan to set up 23 GW of grid-connected solar power projects. The government would tender mega size solar projects to be built by private developers along with transmission network running up to Punjab.

Earlier the UPA-II government tried setting up 7.5GW solar power project but the plan never saw the light of the day.

BENGALURU: Wipro has set a target of $150 million in revenue from its intellectual property (IP) in this financial year, said people aware of the matter. Last year, the Bengaluru-headquartered software services company had clocked a revenue of about $80 million from IP-led business, in keeping with chief executive Abidali Neemuchwala’s strategy to extract more value from the segment, said a person with direct knowledge of the IP business.

The asset monetisation plan of Reliance Communications got a major boost when the Supreme Court on Friday asked the company to submit a corporate guarantee of Rs 1,400 crore to the department of telecommunications (DoT).

The Anil Ambani-company can now proceed with the sale of spectrum to Reliance Jio Infocomm (Jio).

Microsoft Corp’s stock market value closed above Apple Inc’s for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand. Shares of Microsoft rose 0.6 percent to end the week at $110.89, putting its market capitalization at $851.2 billion. Apple shares fell 0.5 percent to $178.58 on the day, adding up to a market value of $847.4 billion.

As negative news flow on Yes Bank’s governance issues continue unabated, we ask ourselves as we did with ICICI – Is this time any different? We decide to look at Sir Templeton’s words of wisdom with a twist – and reiterate our Buy stance on YES.

We look to when ICICIBC was in similar predicaments in Apr’18 & Feb’16, being put to the test as negative newsflow led to derating.

India’s burgeoning logistics sector is gaining favor with property developers and investors, boosted by a growing consumer class’s embrace of online shopping. With the nation’s residential market in the doldrums and good quality office space in short supply, logistics assets are attracting global players such as Brookfield Asset Management Inc, Canada Pension Plan Investment Board and Warburg Pincus LLC.

Despite fiscal constraints, the Centre is likely to provide Rs 12,200 crore from the Budget — half of it this fiscal and the balance in the next year — to retire 40% of the Rs 30,000-crore working capital debt of Air India. As a precursor to this, the debt — not backed by assets — will be shifted to a special purpose vehicle (SPV).

Ericsson has been selected by Volvo Car Group to provide the industrialised Ericsson Connected Vehicle Cloud (CVC) platform to further enable its digital vehicle services in more than 120 markets worldwide for the next five years. Volvo Cars, like other major players in the automotive industry, is increasing focus on securing high-quality connected-vehicle services as digitalisation increases the importance of software services.

The Indian government should allocate funds and incentivise local technology and telecom firms to develop their internal capacities which would in turn help 5G technology succeed in the country, said a report by the Cuts International on Friday. The report further said that industry and the government should think of collectively investing in Research and Development (R&D) to help the local companies become globally competitive.

Vodafone’s $21.8 billion proposed acquisition of Liberty Global's assets in Germany and eastern Europe is likely to face a full EU antitrust investigation, a person familiar with the matter said.

The European Commission's move could ratchet up pressure on the world's second-largest mobile operator to offer concessions, unless it can convince the EU competition enforcer that the deal poses no competition issues.

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