Stories of market manipulation
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Washington: India could attract as much as $169 billion in clean power project investments in the next decade, reports PTI quoting a report.
According to a report released today by The Pew Charitable Trusts, the annual clean energy investment in India is forecast to grow by as much as 763% over the next 10 years. Within the G-20, India is on track to climb from tenth to the third place in terms of clean power project investments worldwide, it said.
Enhanced clean energy policies would increase private investments in India by 48 percent, tied with the United Kingdom for the highest rate of increase in the G-20, the Pew report said.
It said under all policy scenarios, India, China, Japan, and South Korea will account for 40% of clean power project investments over the next 10 years.
Over the next decade, India is projected to increase its renewable energy generating capacity to 91 gigawatts, five times than what is currently installed, it said.
“The message of this report is clear; countries that want to maximise private investments, spur job creation, invigorate manufacturing and seize export opportunities should strengthen their clean energy policies,” said Phyllis Cuttino, director of the Pew's Climate and Energy program.
On global clean power, the report said the clean energy sector continues to be an immense economic opportunity and could attract as much as $2.3 trillion investment globally.
It said G-20 members have the potential to gain an additional $546 billion in clean power project investments over the next decade.
The report said total renewable energy capacity additions in the G-20 could reach 1,180 gigawatts, almost four times the amount of renewable energy capacity that exists today.
Birla Sun Life MF launches 90 days plan; Kotak Mahindra MF floats 370 days plan; Religare MF unveils 370 days plan; YES BANK enters strategic alliance with NCMSL for collateral management & warehousing services; Punjab & Sind Bank IPO opens on 13th December
Birla Sun Life MF launches 90 days plan
Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP–Series 3, a close-ended income scheme.
The plan seeks to generate income by investing in fixed income securities maturing on or before the duration of the plan. The plan will have duration of 90 days from the date of allotment. The exit load is nil. The new issue opens on 8th December and closes on 9th December. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Kaustubh Gupta is the fund manager.
Kotak Mahindra MF floats 370 days plan
Kotak Mahindra Mutual Fund has launched FMP Series 28, a close-ended income scheme.
The investment objective of the plan is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The tenure of the plan will be 370 days after the date of allotment of units. The exit load is nil.
The plan offers growth and dividend (payout).The new issue opens on 8th December and closes on 9th December. The minimum investment amount is Rs5,000.
The benchmark index of the plan shall be CRISIL Short Term Bond Index. Deepak Agarwal and Abhishek Bisen will be the fund managers.
Religare MF unveils 370 days plan
Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series IV-Plan A to F-Plan E, a close-ended income scheme.
The investment objective of the plan is to generate income by investing in debt and money market instruments maturing in line with the duration of the plan. The plan offers growth and dividend (payout). The tenor of the plan is 370 days.
The new issue opens on 8th December and closes on 9th December. The minimum investment amount is Rs5,000.
YES BANK enters strategic alliance with NCMSL for collateral management & warehousing services
Yes Bank has entered a strategic partnership with National Collateral Management Services Ltd (NCMSL), an agri-infrastructure player, for collateral management and warehousing services.
The objective of these services will be to assist industries, traders and farmers in financing their capital requirements at all stages of the supply chain, ranging from pre-harvesting to the marketing and export stages. Yes Bank will also avail of their premium services such as working capital financing in commodity-based industries, especially agro-based industries.
Punjab & Sind Bank IPO opens on 13th December
Punjab & Sind Bank will enter the capital markets with an initial public offering (IPO) of four crore equity shares of Rs10 each. The price band for the issue has not been fixed yet.
The Bank is a government of India undertaking bank started in Amritsar. They are one of 19 nationalised banks in India. The primary business of the Bank is taking deposits and making advances and investments, and is divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
The issue opens on 13th December, and closes for subscription on 16th December. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange.