According to the program, a manufacturing plant has to be set up within two years and incentives will be given over five years on the sale of batteries made locally, the ministry said in the statement. The government received bids from 10 companies with a combined output of 128 gigawatt-hours, it said.
(Bloomberg Businessweek) — A new TV commercial in India features white-clad mourners grieving at the funeral rites of a departed loved one. The object of their grief is a refrigerator. “”—or “What use is a refrigerator?”—ask matching full-page ads for the campaign touting instant grocery brand Dunzo, which offers delivery of fresh items in minutes. … Read more
(Bloomberg) — Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country. As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology, Kapil Maheshwari, president … Read more
The auction started slow on Sunday as bidders navigated carefully through the e-auction process — this is the first time it’s being tried for the IPL — but heated up later, according to one of the people, who didn’t want to be named as the information is not public. Bidding was more intense for digital … Read more
Holcim’s sale of its Indian business, which is subject to local regulatory approvals, is expected to close in the second half of 2022, helped by the fact that Adani doesn’t have sizable overlap. The company began reviewing new asset sales over the last year after the roofing acquisitions, and concluded negotiations with a handful of … Read more
The company plans to allow suitors a few extra days to firm up their bids, the people said, asking not to be identified because the information is private. Walgreens had initially requested binding offers by May 16 for the business, which includes the Boots chain in the UK, but is now expected to receive proposals … Read more