India will exclude renewable power companies from government contracts for between three and five years if they do not meet project completion deadlines, a government order seen by Reuters shows, as the country looks to speed up green power projects.“If any renewable energy project is not completed by the prescribed date of completion, then its bank guarantee should be encashed and the develop...

Global climate talks approached crunch time on Friday, the final scheduled day of negotiations that are expected to go past their deadline as chances of a deal still looked unclear.The European Union made a surprise proposal late Thursday that could help buoy chances of an agreement. The proposal would tie compensation for climate disasters to tougher emissions cuts, two of the thorniest issues at...

The consolidated committee of creditors (CoC) for two insolvent Srei group companies on Friday decided to further extend the deadline for submission of the resolution plans by prospective applicants till August 29, as creditors have  asked bidders for higher financial bids. Bidders have also been suggested to submit complete resolution plans.Earlier, the CoC had decided to extend the deadline for...

The deadline for submission of resolution plan for debt-ridden Reliance Capital  NSE 0.81 % may be extended further as bidders have sought more time to complete the due diligence process, sources said. Few bidders, including Piramal, Torrent, Oaktree and IndusInd Bank  NSE 2.54 %, have written to the administrator seeking an extension of the deadline from existing August 10 to September 15.R...

The steel ministry has extended the deadline for submission of applications to avail of benefits under the Rs 6,322 crore production-linked incentives (PLI) scheme for specialty steel by a month to July 31. This is the fifth time the deadline is extended.Sources said a delay in the preparation of final guidelines under the scheme has been instrumental for repeated extensions.The cabinet approved t...