China

Reliance New Energy Solar to Buy 40% Stakes in Sterling and Wilson Solar

Reliance New Energy Solar to Buy 40% Stakes in Sterling and Wilson Solar

On Monday, Reliance Industries (RIL) shares hit a new high after Reliance New Energy Solar LTD announced the acquisition of two companies, intensifying its drive into green energy. Nifty rocketed to a new high of 18,000, after gains in index heavyweights RIL and banks. Mukesh Ambani’s conglomerate, RIL made two purchases over the weekend, including…

Global Stock Markets Falls With the Repercussions Of  Evergrande ‘collapse’

Global Stock Markets Falls With the Repercussions Of Evergrande ‘collapse’

The global equity market and the prices of Bitcoin plummeted after China’s Evergrande Group’s Collapse, a Chinese real estate giant. The world’s most indebted property development firm, Evergranade, fears bankruptcy, resulting in 1.6 million unfinished homes and angry buyers protecting outside the company’s office. The global sentiments have been rattled by the real estate firm,…