Bloomberg Tata Power Co., one of India’s largest private power utilities, is planning to invest as much as $5 billion to ramp up its renewable capacity fourfold, according to its top executive. The 103-year-old power utility plans to increase its clean-energy capacity to 12,000 megawatts by 2028, Chief Executive Officer Praveer Sinha said. That would require an investment of as ...

Bloomberg Oil steadied near $71 as OPEC signalled it could fill in any supply gap if renewed US sanctions curtail shipments from Iran, the group’s third-largest producer. Futures in New York were little changed after sliding 0.9 percent. Three members of the Organization of Petroleum Exporting Countries — Saudi Arabia, Kuwait and the United Arab Emirates — together have enough ...

Bloomberg EDP-Energias de Portugal SA is poised to reject a 9.1 billion euro ($10.9 billion) takeover offer from China Three Gorges Corp on the grounds that it undervalues Portugal’s biggest energy company, according to people with knowledge of the matter. The board of EDP, which may meet as early as this week, views the current bid of 3.26 euros a ...

Bloomberg Vivo Energy Plc’s bet on fuel demand growth in Africa has earned it a market value of almost 2 billion pounds ($2.7 billion) in London’s largest initial public offering this year. Backed by the world’s biggest independent oil trader Vitol Group and private-equity firm Helios Investment Partners, Vivo sells fuels and lubricants across the continent from Morocco to Mozambique. ...

Bloomberg India’s oil consumption surged 4.5 percent in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared. The nation’s total oil demand expanded to 17.7 million tonnes in the month from 16.9 million a year ago, rising for eight straight months, according to the oil ministry’s Petroleum Planning & Analysis Cell. Demand ...

Bloomberg Fifty-two Palestinians were killed in confrontations with Israeli troops after tens of thousands converged on the Gaza Strip border in a violent protest, throwing a pall over President Donald Trump’s contentious inauguration of a US embassy in Jerusalem. It was the deadliest day in Hamas-run Gaza since Israel warred with protesters there in 2014. Hundreds were also wounded by ...

­­­­­­Bloomberg MI5 chief Andrew Parker warned of the continued threat of attacks on Britain from Russia and the IS militant group in a rare speech outside the country on Monday. Speaking publicly for the first time since the attempted murder of former Russian spy Sergei Skripal and his daughter in Salisbury in March, Parker said in Berlin that the incident ...

Bloomberg President Donald Trump and North Korean leader Kim Jong Un appear to be on a collision course over what comes first: Disarmament or sanctions relief. On Sunday, two of Trump’s top national security officials — Secretary of State Mike Pompeo and National Security Adviser John Bolton — both said the US needs proof that North Korea’s denuclearisation is complete, ...

Bloomberg A wave of deadly bombings in Indonesia has put the spotlight on lawmakers and anti-terrorism laws that give police enhanced powers to take preemptive action but which have languished in the parliament since 2016. President Joko Widodo said on Monday the government may issue a rule in lieu of law, known as perpu, if parliament fails to pass revision ...

Bloomberg Pakistan’s top military and civilian leaders on Monday rejected criticisms by former premier Nawaz Sharif over the nation’s handling of militant groups and the 2008 Mumbai attacks. “It was very unfortunate that the opinion arising out of either misconceptions or grievances was being presented in disregard of concrete facts and realities,” according to a statement released by Prime Minister ...