Bloomberg Tata Power Co. Ltd., in collaboration with the Rockefeller Foundation, plans to develop 10,000 microgrids in India to boost access to affordable and reliable electricity to homes and enterprises across the nation’s vast rural areas. Tata Power will set up a new unit, TP Renewable Microgrid Ltd., to build the microgrids through 2026 that will serve nearly 5 million ...

Bloomberg Brexit may have sown chaos in UK politics, but at least one private equity firm is enthusiastic about the potential it creates for deals. “We see Brexit as a huge opportunity for deals and are getting very excited about investments in the UK,” said Dan Zilberman, head of Europe at Warburg Pincus. “However, a deal bonanza is contingent on ...

Bloomberg A standoff between Italy and ArcelorMittal over the future of the European Union’s biggest steel mill escalated, after the country’s economic development minister lashed out at the company. “We won’t allow ArcelorMittal to blackmail the government by threatening over 5,000 job cuts,” economic development minister Stefano Patuanelli wrote in a Facebook post. “Commitments should be upheld.” ArcelorMittal started legal ...