Is the Utility-Scale Solar Industry in a Finance Bubble?

February 9, 2019

The utility-scale solar market has gotten “frothy” in the last year and a half. A flood of new investors, like pension funds and insurance companies, now view solar as a stable asset. That “wall of money” going after a smaller pool of projects has created a market so competitive that many sponsors are willing to accept lower-than-average returns. Power-purchase agreement prices have also fallen to new lows, and contract terms…


World’s fastest growing economy has world’s most toxic air

November 10, 2018

By: Iain MarlowAsia’s largest economy, China, has long had a reputation for smoggy skies. But these days, neighboring India is fighting the far bigger battle with pollution: The South Asian country is home to the world’s 10 most polluted cities.Outside India’s capital, New Delhi, Kusum Tomar knows the personal and economic price of breathing some of the world’s most toxic air. At 29, she learned that pollution was the likely…


Michael Kors Will Buy Versace For $2 Billion

October 19, 2018

In July, when Michael Kors bought Jimmy Choo for $1.2 billion dollars, we wondered what that meant for business. Would Choo add lower-priced (read: more accessible) shoes to its product range? Or perhaps Kors is banking on a wealthier, more luxury-minded consumer to turn its business around? On Tuesday, Kors confirmed the latter with the news it would acquire Italian fashion house Versace. Business of Fashion is reporting the deal…


HCL Tech wins IT deal from UK’s third largest retailer Asda

October 15, 2018

The country’s third largest software services firm HCL Technologies has been selected by Asda — UK’s third-largest grocery retailer — to help drive IT transformation at the company. The three-year application services contract will involve Asda’s IT Application Services being transformed with a new DevOps delivery model to drive data and analytics and support back-office applications. HCL will also build a central data management platform to enable Asda to improve…


Kerala’s favourite asset may turn its saviour

August 27, 2018

MUMBAI: Calamity-stricken residents of Kerala could end up pledging,or selling,their gold ornaments to re-build their homes or meet exigencies arising from the worst floods in a hundred years. Muthoot Finance and Manappuram Finance, whose core business is lending against gold, and local jewellers from the state could see a rush of customers in the coming weeks, said trade sources.“As rain waters recede and the affectedtakestockof their losses, it’s probable that…


The 5 worst ways to address a cover letter when you don’t know the hiring manager’s name

August 13, 2018

WOCinTech Chat/Flickr Knowing how to address a cover letter can be frustrating when that information isn’t readily available. Many times, there are steps you can take to figure out who exactly the person reading your letter will be. But in an absolute pinch, certain ways of addressing your cover letter are more off-putting than others. Some of the worst ways to address a cover letter include “Dear HR professional” and a simple “Hi!” Dear Reader,…


Trump told Piers Morgan he fully intends to run for re-election in 2020

August 8, 2018

Associated Press/Pablo Martinez Monsivais President Donald Trump told Piers Morgan in an interview he fully intends to run for re-election in 2020. He said he didn’t “see anybody” who could beat him from the Democratic party. Trump also disclosed in the interview that he’d discussed Brexit with Queen Elizabeth, and that she said it was “a very complex problem.” LONDON (Reuters) – US President Donald Trump said in an interview…


Ivanka Trump’s only store has already shut down, and it’s unclear whether it will reopen

July 26, 2018

Business Insider/Jessica Tyler Ivanka Trump’s fashion brand is shutting down, the company said on Tuesday.  Trump said in a statement, “After 17 months in Washington, I do not know when or if I will ever return to the business, but I do know that my focus for the foreseeable future will be the work I am doing here in Washington.” When we visited the brand’s only store on Tuesday afternoon,…


Wipro to acquire India services of US-based Alight Solutions

July 24, 2018

BENGALURU: Wipro said it would acquire Illinois based Alight Solutions’ India services. The Bengaluru-headquartered software services company said it has entered into a long-term relationship with Alight Solutions. Wipro said the companies would aim to reshape the HR services industry by providing Alight’s clients with the breadth and depth of capabilities from the two industry-leading organizations. “This strategic partnership will enable Alight to accelerate investment in consumer-facing technologies and services…


Why KM Birla is worried about India’s ‘positive’ growth

July 23, 2018

Industrialist Kumar Mangalam Birla today warned of near-term headwinds for the economy saying the rising oil prices, spiralling inflation, firming bond yields and a widening current account deficit are areas of concern. The present positive outlook gets a bit dimmed when one views the increasing trade protectionism, rising crude prices, geo-political risks and the uncertainty about tightening monetary policies in the advanced economies, Birla told the shareholders at the annual…