Parke Financial News

green energy sector. The state’s Industries Minister, MB Patil, announced the need for a policy to effectively capitalize on investment and production opportunities on Tuesday. With an estimated requirement of Rs 45-50 crore in capital and five gigawatts of power, the state aims to boost such projects. “As per experts, a location within a 20 km radius of Mangaluru port would be ideal for green ammonia and green hydrogen production,” Patil said while interacting with the state's Vision Group for Green Energy. He emphasized that achieving the state's renewableenergy goals will require close coordination between the Department of Large-Scale Industries and the Department of Power. A second meeting will be held with industrialists and potential investors to discuss the way forward. Patil also noted that there are suggestions to establish green industrial parks to attract more investments into the sector. Renewable energy company-- Avaada Energy’s CEO, Krishna Nair, who was present for the meeting, said the company has signed an MoU with Karnataka worth Rs 45,000 crore for green hydrogen production. «We can focus on electrolyte and battery production if the government introduces the right policies and incentives.»

Subscribe to enjoy similar stories. New Delhi: State-run NLC India Ltd is looking to raise about ₹4,500 crore through the initial public offering (IPO) of its subsidiary NLC India Renewables Ltd (NLCIRL) in April-June 2025, according to its top executive. NLC will offload 51% shares of the renewable energy arm, Prasanna Kumar Motupalli, chairman and managing director (CMD) at the public sector lignite miner, told Mint.

A genealogist spent years scouring historical records to trace the lives and establish the identities of enslaved people she believes are buried on the grounds of Taiwan-based Formosa Plastics Group's $9.4 billion facility in southeast Louisiana

Check out what's clicking on FoxBusiness.com.

The Janus Henderson Tabula Japan High Conviction Equity UCITS ETF (JCPN) is an active all-cap concentrated portfolio with 20 to 30 holdings, giving investors exposure to companies that are «set to benefit from structural themes and trends in the Japanese equity market», according to the firm. Janus Henderson continues acquisition run with majority stake in Victory Park Capital The fund, which will be managed by Janus Henderson UK, will be advised by Junichi Inoue, head of Japanese equities and portfolio manager at Janus. Inoue argued that «now is the ideal time to invest in Japan, ...

Subscribe to enjoy similar stories. Nine developers won the final bids for the Yamuna Expressway Industrial Development Authority (Yeida)’s residential group housing plots in sector 22D and 18, Greater Noida in the Delhi-NCR region. The Yeida auctioned nearly 287,000 square meters as 19 prime plots in sectors 17, 18, 19 and 22D, out of which nine deals were closed.

Subscribe to enjoy similar stories. It shares a border with Greece, is a convenient boat ride away across the Adriatic Sea from Italy and not much of a drive from Dubrovnik in southern Croatia. Yet, Albania is a bit of a dark horse when it comes to Indian travellers.

A major redesign has been proposed for Manhattan’s famed luxury store row Fifth Avenue

Vedanta on Saturday said it will pump in over Rs 1 lakh crore in Rajasthan across different business verticals, including, zinc and oil and gas. While Hindustan Zinc, a Vedanta group firm, will invest Rs 30,000 crore to double zinc capacity from 1.2 million tonnes per annum (MTPA) to 2 MTPA, silver from 800 tonne to 2,000 tonne, and set up a one MTPA fertiliser plant, Cairn Oil & Gas, a subsidiary of Vedanta Ltd, will invest Rs 35,000 crore to augment capacity to 3 lakh barrels per day, the company said. Vedanta Group entity Serentica Renewables will invest Rs 50,000 crore to develop 10,000 MW renewable power capacity to support the investments, help energy transition and ensure highest environmental standards and green manufacturing, the company said in a statement. Vedanta also announced setting up of an industrial park around the Udaipur area on a non-profit basis, for small and medium scale industries from Rs 5 crore onwards.

democracy, it becomes one only when the voice of the people is heard, climate activist Sonam Wangchuk, who has been sitting on a fast in Delhi for the last 14 days, said. Wangchuk, who led a padayatra from Leh to Delhi, was detained last month with several of his supporters and later released. Since then, he has been sitting on an indefinite fast at Ladakh Bhawan here with about two dozen of his supporters, demanding a meeting with the country's top leadership. There has been no communication from the government so far regarding any meeting.

Wallace and Gromit return in a new adventure, Wallace & Gromit: Vengeance Most Fowl. The stop-motion duo will face their old enemy, Feathers McGraw, in a thrilling story of mischief and revenge. Wallace and his loyal dog Gromit are set for a new adventure in Vengeance Most Fowl. Directors Nick Park and Merlin Crossingham have taken the helm for this stop-motion film.

Universal Orlando Resort will open its fourth central Florida theme park, just in time for Memorial Day next year

Hyundai is telling the owners of nearly 1,600 hydrogen fuel cell vehicles in the U.S. and Canada to park them outdoors and away from structures due to the risk of fuel leaks and fires

Subscribe to enjoy similar stories. Growing up, I believed ‘Cadbury’ was just another word for chocolate, and I wasn’t the only one. Milk chocolate was first imported into India by the British and it’s now a daily habit for one in five Indians, according to a 2019 report by Mintel.

The Walt Disney Co. is set to pilot a new pass for guests to get on rides faster at its domestic theme parks, but the cost might be a bit out of reach for many

Technology features in modern vehicles can make driving easier and more enjoyable

Bengaluru is facing incessant rain since Monday evening, affecting normal life in the city. Several localities witnessed water-logging and traffic congestion. Many citizens faced difficulties navigating through the city due to the downpour as several roads in Varthur, Hebbal, Kadubeesanahalli, and surrounding areas were water-logged. The India Meteorological Department (IMD) has issued an orange alert for Wednesday and Thursday in the city. Union Minister and JD(S) leader HD Kuamraswamy took to social media platform to blame the Congress government for the poor infrastructure.

The family of a Tennessee employee who was killed by catastrophic flooding caused by Hurricane Helene has filed a wrongful death lawsuit

Sick New World 2025 festival has disclosed an exciting lineup that will feature some of the most iconic names in rock and metal. The event will happen in the festival grounds of Las Vegas, and renowned bands will come to perform.

Manyata Tech Park, one of the largest tech hubs in India, experienced significant flooding on October 15 due to relentless rainfall that began early Tuesday morning. The heavy downpour left roads within the 300-acre tech park submerged, causing substantial disruptions for the tech workforce. Videos shared on social media captured the extent of the flooding, showcasing waterlogged streets that rendered access difficult. The North Bangalore Post, an X handle, reported, “The roads in Manyata Tech Park on the ORR Bengaluru are under water. With rains continuing without a break from 3 AM, expect more flooding in and around this area.” The sight of “lakes and waterfalls” forming within the tech park was also noted by users, highlighting the severity of the situation. Traffic congestion has become a pressing issue, particularly at the Hebbal flyover, where gridlock is anticipated to worsen during the evening rush hour. To avoid being stranded, weather bloggers like Bengaluru Weatherman advised office-goers to leave work early. They tweeted, “With more rain in store for the coming 2-3 hours, it's better to leave the office whenever you get a chance.”