A unit of Reliance Industries Ltd. acquired solar panel manufacturer REC Solar Holdings AS in a deal giving the company an enterprise value of $771 million as the Indian oil-to-retail conglomerate seeks to extend its dominance into alternative energy.
Reliance New Energy Solar Acquires REC Solar Holdings
Reliance New Energy Solar Ltd., a wholly-owned subsidiary of Reliance Industries Ltd., has acquired REC Solar Holdings AS for an enterprise value of $771 million.
Gold Trader’s Chat Bragged About ‘How Easy’ It Is to Manipulate Prices
Chat logs introduced as evidence by prosecutors at the Chicago spoofing trial of two former precious metals traders for Bank of America Corp.’s Merrill Lynch unit show one of them, Edward Bases, bragging about how easy it was to manipulate prices.
Buy Spot Gold Above $1750 Target Price $1775—$1792 | Neal Bhai
The spot gold technical outlook remains bearish with gold failing to break above the 20-day SMA for the 18th straight trading day. Additionally, the Relative Strength Index (RSI) indicator on the daily chart stays slightly below 50, confirming the view that sellers are looking to remain in control of gold (Yellow Metal) action.
RBI MPC Keeps Repo Rate Unchanged At 4%
RBI MPC Keeps Repo Rate Unchanged At 4%Watchful of evolving situation and remain committed to bring it back to normal in a gradual and non-disruptive manner
Oil Heading for Seventh Weekly Advance With WTI Nearing $80
Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roiled markets from Europe to Asia.
JSW Energy Advances After Signing Contract With GE Renewable For Supply Of 810 MW Wind Turbines; RSI > 70
Shares of JSW Energy Ltd. Rose 2.6% to Rs 389 apiece after the company signed a contract with GE Renewable Energy for the supply of 810 Mega Watt of onshore wind turbines.