Germany shuts down half of its 6 remaining nuclear plants

Fox Business Flash top headlines for December 30 Check out what’s clicking on FoxBusiness.com. Germany on Friday shut down half of the six nuclear plants it still has in operation, a year before the country draws the final curtain on its decades-long use of atomic power. The decision to phase out nuclear power and shift from fossil fuels to renewable […]

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‘NTPC Renewable Energy to float tender for 3 GW by February’

₹15,000-crore project includes battery storage system NTPC Renewable Energy Ltd. (NREL) will float a global engineering procurement and construction tender to set up a 3 GW renewable energy project with a battery storage system worth about ₹15,000 crore by February 2022, according to a senior official. “The NREL has decided to float a global tender or RFP (request for proposal) […]

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Reliance New Energy Solar to acquire U.K.’s sodium-ion battery tech firm Faradion

It has signed definitive agreements to acquire 100% shareholding in Faradion Ltd. for an enterprise value of GBP 100 million (around ₹1,000 crore). Reliance New Energy Solar Ltd. (RNESL), a wholly owned subsidiary of Reliance Industries Ltd., said it has signed definitive agreements to acquire 100% shareholding in Faradion Ltd. (Faradion) for an enterprise value of GBP 100 million (around […]

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Samsung India top deck sees changes

South Korean consumer electronics major Samsung on Wednesday announced top level organisational changes in India with an aim to generate more synergies among its various businesses. The company has appointed CH Choi as the new division leader for the consumer electronics business while Jinsock Lee will be the division leader for the network business and would be based in Mumbai, […]

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Google moves Karnataka High Court, seeks more time to respond in CCI probe

‘Billing integration deadline extended, no cause for haste’ Tech titan Google has filed a writ in the Karnataka High Court seeking more time to reply to CCI’s queries pertaining to a probe into Play Store rules. Google said it respects the Competition Commission of India’s (CCI) investigative process and “will continue to engage cooperatively and constructively in the interest of […]

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Sony’s India unit agrees to absorb Zee Entertainment

Deal entails listing of merged entity, ZEEL’s Goenka as MD Sony Pictures Networks India Private Ltd. (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) have agreed to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. After closing, the new combined company will be publicly listed in India. As per the terms […]

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Entegris To Acquire CMC Materials In About $6.5 Bln Cash, Stock Deal – Quick Facts

Entegris, Inc. (ENTG) and CMC Materials, Inc. (CCMP) announced Wednesday a definitive merger agreement under which Entegris will acquire CMC Materials in a cash and stock transaction with an enterprise value of approximately $6.5 billion. Under the terms of the agreement, CMC Materials shareholders will receive $133.00 in cash and 0.4506 shares of Entegris common stock for each share of […]

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Biden 'is going to have to worry' about rising gas prices 'a lot more,' Canary CEO warns

Canary CEO slams Biden’s energy policies Dan Eberhart, the CEO of Canary, a drilling-services company, warns President Biden is going to ‘have to worry’ about gas prices ‘a lot more,’ predicting they will continue to rise. Dan Eberhart, the CEO of Canary drilling services, predicted Thursday that the price of oil and gas is "headed higher" and warned that President […]

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