Thirteen firms, including ArcelorMittal, Petronas, Brookfield, Canada Pension Plan Investment Board, and India’s state-backed National Investment & Infrastructure Fund, have evinced interest to pick up a minority stake in state-run NTPC’s green energy subsidiary.

NTPC Green Energy, a wholly-owned subsidiary of the country’s largest power generator, is slated to have installed renewable capacity of 35 gigawatt (GW) by 2027, up from 2.5 GW at present. Its renewable power portfolio includes wind, solar and hydro projects.

“We sought expressions of interest from strategic investors around two months ago. A total of 13 companies including patient capital funds like Canadian pension fund have shown interest. The deal is expected to be firmed up in the next two months,” an NTPC official said.

When Warren Buffett reveals he's a shareholder of a public company, its stock price tends to jump, as other investors trust the Berkshire Hathaway CEO's judgment and buy shares as well.

However, the "Buffett Effect" works the other way too: BYD has seen about $35 billion of its market value vaporized in recent weeks amid fears that Berkshire is preparing to sell its stake in the Chinese electric-vehicle maker.

BYD stock has plunged from the Hong Kong dollar equivalent of $42 on July 8, to $31 at Wednesday's close — a roughly 25% drop in under seven weeks.

It initially slumped by 16% in three days after 225 million shares — Berkshire's exact stake — appeared on Hong Kong Stock Exchange's clearing system under the custody of Citibank. That sparked speculation that Buffett's company was headed for the exit.

Indian tycoon Gautam Adani (60), whose business empire extends from infrastructure to airports management and FMCG to cements, Tuesday became the third richest person in the world, behind Tesla's Elon Musk and Amazon's Jeff Bezos.

With a net worth of $137.4 billion, the main promoter of the Ahmedabad-headquartered group that carries his family name, Adani surpassed French businessman Bernard Arnault, the co-founder of world's largest luxury brand LVMH, Bloomberg billionaire index showed.

Reliance Industries' retail subsidiary, Reliance Retail, served over 200 million register customers at stores and digital platforms in 2021, Isha Ambani, Executive Director of Reliance Retail Ventures, said at the conglomerate's annual general meeting on August 29.

This number, she said, was equivalent to the collective population of the United Kingdom, France and Italy.

"We welcomed 520 million walk-ins to our stores, a growth of 18 percent YoY (year-on-year) and 4.5 billion visits to our digital platforms, up 2.3x YoY," Isha Ambani added.

5G is already available in the global markets and India is yet to experience it. If you have been waiting for the launch of 5G, then you might be happy to know that the release is not too far away. However, 5G will initially be rolled out in select cities, and in a phased manner. But, the question that everyone has been asking is when will 5G arrive in India?

Well, Union telecom minister Ashwini Vaishnaw has finally given a possible date for this. He announced that the 5G services should be launched by October 12 and then it will gradually reach more cities and towns. Earlier this month, Airtel claimed that it will commence 5G deployment in August 2022. But, we haven't heard about it from the telecom giant.