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VIDEO: India's angel investors

2015-07-03 17:09:34| BBC News | Business | UK Edition

With banks in India still reluctant to lend money, start-ups are having to look elsewhere.

India's climate pledge 'critically important', says UN climate chief

2015-07-03 16:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: A strong pledge to curb carbon emissions by India, the worlds third largest polluter, will be critically important to a meaningful deal at the crucial UN climate summit in Paris in December, the UNs climate chief has said. India has so far resisted calls for an ambitious target, citing the millions in the country who do not have access to energy and the need to pull those people out of poverty. Instead, it has suggested that it may make two climate pledges: one that can be achieved with domestic...

Tags: important chief climate pledge

India's $100 billion solar push draws foreign firms as locals take backseat

2015-07-03 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: India's $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, no longer protected by government restrictions on the sector. The money pouring into India's solar industry is likely to be soaked up by foreign-organized projects such as one run by China's Trina Solar - not the country's own solar panel manufacturers. Last week, Softbank became the latest foreign player to enter India's solar market,...

Tags: foreign push firms billion

World Bank approves $650m loan for India's Eastern Freight Corridor

2015-07-03 01:00:00| Railway Technology

The International Bank for Reconstruction and Development (IBRD) or World Bank has approved $650m in the third phase of loans to support the construction of India's freight-only rail line Eastern Dedicated Freight Corridor (EDFC).

Tags: world bank eastern loan