Harborside To Acquire Majority Stake In FGW Haight

California-based Harborside Inc. said it has agreed to acquire a 50.1 percent stake in FGW Haight Inc., a California-based company that has a conditional use approval required to operate a cannabis dispensary in the Haight Ashbury area of San Francisco, California. Hraborside noted that the acquisition will further expand its footprint in the state of California and strengthen its presence […]

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Iberdrola’s US Unit Avangrid To Buy PNM Resources For $4.3 Bln In Cash

Spanish utility Iberdrola S.A.(IBDSF.PK) announced Wednesday that its U.S. energy operations unit Avangrid Inc. (AGR) agreed to buy US-based PNM Resources (PNM) in a deal with enterprise value of approximately $8.3 billion. In the deal, PNM’s shareholders will receive $50.30 cash per share or $4.3 billion cash in total at closing of the transaction. The enterprise value comprises a net […]

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Wildfire safety blackouts in California may impact 50,000 PG&E customers

California wildfires have been ‘devastating’ to local businesses: Winery owner Hall, Walt and Baca Wines owner Kathryn Hall on launching a fundraiser for wildfire relief aid. Tens of thousands of Pacific Gas and Electric customers in Northern California could lose their power as early as Wednesday night, one week after planned outages rippled through the region. Continue Reading Below The […]

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Pretium, Ares Management To Acquire Front Yard Residential In $2.4 Bln Deal

Pretium and a group of its investors and funds managed by the Real Estate Equity as well as Alternative Credit strategies of Ares Management Corp. (ARES) said Monday they have agreed to acquire Front Yard Residential Corp. (RESI) in an all-cash transaction valued at $2.4 billion. Front Yard Residential is a provider of affordable single-family rental or SFR housing. Shares […]

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IOC to offer differentiated fuels, hydrogen-spiked CNG

The company has already set up EV-charging points at 76 petrol pumps and battery-swapping facilities at 11 outlets. India’s top oil firm IOC is remodelling business with an increased focus on petrochemicals to hedge volatility in the fuel business, while at the same time turning petrol pumps into energy outlets that offer EV charging points and battery swapping options besides […]

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Ask us: On investment

The choice of an insurance company should be a natural progression of this. All eggs in one basket Q. I am a 41-year-old from Chennai and have bought a medical insurance policy named iHealth for myself recently from ICICI Lombard General Insurance Company Ltd. In addition to my health insurance, I have also taken two-wheeler and accident insurance policies from […]

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TV rating agency BARC suspends ratings for news channels

To ‘review and augment’ current standards of measuring and reporting data over 8-12 weeks Days after Mumbai Police investigations pointing at a possible tampering of Target Rating Point (TRP) by certain news channels, television rating agency Broadcast Audience Research Council (BARC) announced the suspension of audience estimates and ratings for news channels for the next three months. The decision was […]

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Work-from-home spurs Epson India printer sales

E-learning also aiding demand: Kumar Printer maker Epson India has reported a surge in sales during the second quarter of FY21, triggered by high demand for its EcoTank printers from work-from-home (WFH) and e-learning consumers, said a senior official. “After witnessing a decline in the first quarter sales due to COVID-19 and stoppage of billing from March 15, we are […]

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California rolling blackouts during summer heat wave caused by 3 main factors, report says

Who’s to blame for California energy blackouts? According to some, California’s rolling black outs are indicative of an energy crisis. FOX Business’ Jackie DeAngelis with more. The first statewide power outages in California in nearly 20 years that left the state with rolling blackouts in August was due to a combination of factors that included an "extreme heat storm," according […]

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Airlines owe ₹2,400 crore to AAI

Dip in travel demand impacts airport operator’s revenue; AI biggest defaulter Several airlines have delayed payments, amounting to ₹2,400 crore, to the Airports Authority of India (AAI) for using airports because of losses sustained following the drop in travel demand during COVID-19. The biggest defaulter among all airlines is the Air India (AI) Group which owes more than 80% of […]

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