In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, “NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)”. Read more at: https://economictimes.indiatimes.com/industry/energy/power/ntpc-to-foray-into-distribution-keen-to-buy-majority-stake-in-brpl-bypl/articleshow/76036517.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Dow Jones reported that Amazon is in advanced talks to buy Zoox for less than the $3.2 billion valuation from 2018. Read more at: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/amazon-in-talks-to-buy-autonomous-vehicle-startup-zoox/articleshow/76024192.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

While the platform is currently offering grocery and other essential products, it may soon take its entire retail portfolio live and integrate its fashion, lifestyle and consumer electronics arms on the platform.   https://www.financialexpress.com/industry/rils-mega-plan-not-just-grocery-jiomart-may-soon-take-reliance-retails-entire-offering-online/1971065/

According to preliminary estimates before exploration, total extractable reserve assessed by the coal ministry was about 1,000 million tonne from these two mines. But after preparation of geological reports, it was found that total extractable reserves from both the blocks will just be 500 million tonne because of difficult geo-mining conditions. Read more at: https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/coal-india-arm-to-see-viability-of-merger-of-ntpcs-two-mines-in-chhattisgarh/articleshow/76003809.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The share purchase agreement was finalized on Saturday. In a media release, ITC said Sunrise is a market leader in eastern India. Read more at: https://economictimes.indiatimes.com/industry/cons-products/fmcg/itc-acquires-sunrise-foods-to-strengthen-spice-business/articleshow/75950386.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Moody’s Investors Service estimates that though the Rs 90,000 loan for discoms carry low risk because of the state guarantees, it will increase the leverage of PFC and REC if they are booked as on-balance-sheet loans. https://www.financialexpress.com/industry/rs-90000-crore-discom-package-to-increase-leverage-of-pfc-rec-moodys/1967967/

“As per the MoU, NTPC and ONGC will explore and set up renewable power assets including offshore wind, in India and overseas, and explore opportunities in the fields of sustainability, storage, E-mobility and ESG (Environmental, Social and Governance) compliant projects,” a statement by ONGC said. Read more at: https://economictimes.indiatimes.com/industry/energy/power/ongc-ntpc-to-form-joint-venture-for-mega-projects/articleshow/75873450.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst