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DCM Shriram Consolidated Ltd. (DSCL) has announced the sale of its entire equity stake in its subsidiary, DESCO, to M/s Dalkia India Pvt. Ltd, the Indian arm of the France based Violia energy group, the world’s largest provider of environmental services. It was an all cash deal at an overall...

Software major Tata Consultancy Sevices has been ranked as the top company in India in terms of its sustainability practices by research and consultancy firm CSR Asia. The Asian Sustainability Ratings released by CSR Asia ranked the 200 largest listed companies in ten markets operating in Asia Pacific on their...

A clutch of tiny Indian start-ups are proving that global warming’s business opportunities will not be the exclusive preserve of the developed nations. EnNatura of Dehli has developed washable, bio-degradable printing ink from vegetable oil. Solar-based LED lighting start-up Pegasus Semiconductor of Rajasthan makes off-grid home and street lighting systems...

Temperature rises in the Himalayas seem to be more dramatic than the global average. A UN-backed report has found that climate change is posing a serious threat to the livelihood of people living in the Hindu Kush-Himalayan region. The report was issued in Copenhagen recently, as representatives from different nations...

The Indian government has linked up its biggest investment idea in recent years with Climate change concerns. The commerce and industry ministry on Monday unveiled its plans to make all special economic zones (SEZs) eco-friendly by mandating the use of renewable energy sources, and energy efficient buildings that conform to...

The government allows 100 per cent foreign direct investment (FDI) in the renewable energy sector and has put in place a conducive policy to attract foreign companies in the sector. The government, he said, has formulated a generation-based incentive scheme in wind power projects, especially for the foreign investors, who...

A recent study of the power sector has opined that the power trading in India is still at nascent stage. According to a study conducted by Ambit research, the power traded, in volume terms, is just 8.1 percent of total power generation in the country (4.9 percent excluding UI). Of...

Azure plans to build up a capacity of 100 MW by 2013 which will require an investment $300-400 million. Azure Power, a solar energy services provider, is close to raising $10 million from International Finance Corporation (IFC), the investment arm of the World Bank. The funds will be used by...

India is planning to invest over Rs 74,000 crore within the next five years to improve energy efficiency and cut carbon emissions from its power sector. Coal-based power generation plants account for around 60 per cent of India’s total carbon emissions. The country’s biggest power producer NTPC Ltd has already...

Natural Power, an India-focused solar energy firm, is looking at setting up a 5 MW solar farm near Jaipur at a cost of Rs 85 crore. The company will finance 70 per cent of the total project cost through a combination of private equity and debt raised from Indian and...