- [Non fin, Critical] 17 Indian soldiers were killed in an attack at Uri, J&K
- Greenko to buy SunEdison’s Indian portfolio for $315 million : Greenko, one of Indi’a fastest growing green energy companies will acquire 390MW of solar portfolio and 48MW of wind portfolio, in one of the biggest distress sales in the sector. A pipeline of 800MW will also be tranferred to Greenko
SunEdison declared Chapter 11 bankruptcy on April 21st, wiping out nearly $10 billion in market value. SunEdison, the poster-child for the solar industry had invested tremendously in growth over the last couple of years, fuelled primarily by cheap credit.
- Future Group in advanced talks to acquire Heritage foods: The deal will give the group control of more than 100 outlets in Southern India and will further consolidate their position in grocery retail.
Shares jumped 8.6% driven by sales talks
- Rajan returns to academia. Set to join Chicago business school.