International Finance Corporation, a member of the World Bank Group, will invest $125 million in picking up equity stake in Hero Future Energies, the renewable energy arm of the Hero Group, enabling the company to set up 1 GW of greenfield solar and wind plants in the next 12 months across India.
Currently, Hero Future Energies has operations across 12 states with a total capacity of over 360 MW including solar, wind, and rooftop installations.
Bank of Baroda Cuts Lending Rates
Bank of Baroda lowered its lending rates by up to 0.75 percent, which will lead to cheaper home and corporate loans.
The new rates would be effective from January 7 and will be applicable to all new and renewed accounts.
The move will help bring down cost of home, auto and other loans linked to marginal cost of funds based lending rate (MCLR).
Bank Credit Growth Slowest in Decades
Growth of bank credit fell to a multi-decade low of 5.1% for the fortnight ended December 23, as drying up of demand in the last two months of the year saw businesses cutting down on borrowing.
UEFA announced the Team of the Year for 2016 with Spain's La Liga dominating the line-up.
The team is selected by fans, through an online poll on UEFA's website. Fans vote for their best XI based on the players' overall performances in European club football and international competitions.
The XI players on the team are: Gianluigi Buffon (Juventus); Sergio Ramos (Real Madrid), Gerard Pique (Barcelona), Leonardo Bonucci (Juventus), Jerome Boateng (Bayern); Andres Iniesta (Barcelona), Toni Kroos (Real Madrid), Luca Modric (Real Madrid); Lionel Messi (Barcelona), Antoine Griezmann (Atletico Madrid) and Cristiano Ronaldo (Real Madrid).
Marching contingents of country's three exclusive border guarding forces will be missing in action, as they will not be walking the Rajpath this Republic Day event that showcases the defence and security prowess of the country.
Officials said the contingents of Sino-India border- guarding force ITBP, Indo-Nepal and Indo-Bhutan frontier force SSB, and the largest amongst them-- the BSF, that secures fronts with Pakistan and Bangladesh-- have not been asked to join the preparations till now, despite only about 20 days remaining for the event.
Punjab CM to Contest from Lambi Constituency
As per reports, Punjab Chief Minister Parkash Singh Badal will contest the Assembly elections from the state's Lambi constituency.
His son Sukhbir Singh Badal will stand for the Jalalabad Assembly seat.
Get Topic-wise Tests, Section-wise and Mock Tests for your preparation.
Know where you stand and what next to do to succeed.