Ahmedabad, Feb 9 (IANS) Adani Energy Solutions Ltd (AESL) on Monday said it has secured long-term financing from a consortium of Japanese banks for its flagship high-voltage direct current (HVDC) transmission project.This project will ensure a 6,000 MW green evacuation corridor designed to strengthen the flow of renewable power across northern India — enough to power 60 million households.The 950-kilometre corridor will connect Bhadla in Rajasthan to Fatehpur in Uttar Pradesh. Scheduled for com…
Latest SMBC News & Updates
Mumbai, Jan 14 (IANS) India’s central bank on Wednesday announced that it has given in-principle approval to Japan’s Sumitomo Mitsui Banking Corp (SMBC) to set up a wholly owned subsidiary in the country — marking an important step in the bank’s expansion plans in the Indian market.In a statement, the Reserve Bank of India said the approval allows SMBC to move from its current branch-based operations to a locally incorporated subsidiary.Until now, the Japanese lender has been operating in…