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India panel seeks cheaper loans for hydel projects

Bloomberg India should provide long-term finance at lower interest rate to all hydro power projects for their viability and to keep tariff competitive with other generation sources, a lawmakers’ panel said in a report. The report recommended promotion of hydro power on the lines of solar energy by making its purchase mandatory in overall consumption. India should categorise hydro power ...

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India’s path to become world’s 5th-biggest economy is shaky

Bloomberg India’s economy grew at a faster pace than most major nations in 2018, and this year, it’s poised to overtake the UK to become the world’s fifth-biggest. But that journey won’t be smooth. The outcome of a general election due by May is a potential pitfall for a nation already battered by emerging market turmoil and a currency rout ...

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Ghosn set to mount ‘defense’ at hearing

Bloomberg Nissan Motor Co.’s former chairman Carlos Ghosn, indicted on suspicion of violating Japan’s financial reporting laws, will mount a “vigorous defense” at his first hearing on Monday, his son, Anthony, told France’s Journal Du Dimanche in an interview. Carlos Ghosn will attend a hearing of the Tokyo district court on Monday after his legal team requested an explanation of ...

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