Daily Press
ACWA Power- Saudi Arabia’s leading energy company has reportedly received a USD 114 million financing package to develop the proposed 200 MW Kom Ombo solar scheme in Egypt from four agencies.
Notably, the EBRD- European Bank for Reconstruction and Development, Green Climate Fund, African Development Bank, OPEC Fund for International Development- OPEC Fund, and the Arab Bank have inked a deal with the ACWA Power to construct one of the largest private solar project in Egypt.
DCB Bank Limited, Maharashtra-based private sector commercial bank, has recently announced taking over a minority stake of approximately 9% in Bengaluru-based Non-Banking Financial Company (NBFC), Techfino Capital Private Limited.
Reports suggest that this move would enable DCB to upgrade its tech stack apart from on-lending to customers.
For the record, NBFC makes use of a modern technology
DBS Group, a Singaporean multinational financial and banking services corporation, has recently announced acquiring a 13% stake in privately owned Shenzhen rural Commercial Bank for S$1.08 billion. It has been reported that the investment stands to be a part of the financial company’s strategy of expansion in China’s Greater Bay Area.
Report suggests that this 13% stake investment, which forms DBS Group’s bigg
One of the leading tech and e-commerce giants, Amazon.com, has made it to the front page yet again. But this time for setting up a deal with United Launch Alliance (ULA) to trade in nine satellite launch vehicles from the latter company.
Reports suggest that the move is likely to support the initial implementation of Amazon’s broadband internet initiative, Project Kuiper, for addressing the mounting demand for internet co
Phase 2a trial of the drug by the company to begin in the United States in the second half of the 2021 in non-small cell lung cancer
NeoTX Therapeutics, an Israel-based clinical-stage immune-oncology firm, has recently announced receiving FDA clearance for its Investigational New Drug (IND) application for Naptumomab estafenatox (NAP).
Speculations have it that NeoTX is cur
One of the most talked business professionals of the current era, Elon Musk, CEO of the world-renowned SpaceX, has reportedly announced bringing forth broadband satellite internet- Starlink-to the world.
As per credible reports, the space industry expert expects that company’s Starlink Internet service would grow up to become a USD 30 million a year business in the upcoming years. However, this claim remains an understate
The Government of India’s e-governance service segment – CSC has reportedly announced an alliance with Indian electric utility firm – Tata Power to establish solar-based micro grids along with water pumps in rural regions of the country. Initially, Tata Power aims at setting up nearly 10,000 micro grids to support rural users through the Common Service Centers.
Dinesh Tyagi, Managing Director, CSC e-Governance
Development of antibiotics has taken a natural and organic turn with the advent of biosynthesis process. In one such instance, North Carolina State University researchers have reportedly come up with a way to enhance the molecular assembly line which develops antibiotics through engineered biosynthesis.
According to official reports, the novel study could now enable scientists to revamp existing antibiotics as well as develop n
France-based leading renewables energy company, GE Renewables has made it to the front page yet again following its procurement of a 300 megawatts order of wind turbines from EP New Energies, an EPH subsidiary.
As per official sources, the 50 unit of 6MW wind turbines, which are being installed by EP New Energies in Germany, would be deployed at onshore farms, encompassing the 100MW project Forst-Briesnig 2 in the state of Bran