The Competition Commission of India (CCI) has approved the takeover of CG Power and Industrial Solutions Ltd by publicly listed Tube Investments of India Ltd, part of the Murugappa Group.

Also read: TII to invest ₹100 crore more in CG Power acquisition

The CCI said CG Power is presently undergoing financial stress and is in immediate need of funds to continue its operations as a going concern for which the lenders of CG Power have initiated the process for resolution of stress in accordance with the Stressed Asset Directions.

In August, the CG Power board had accepted Tube Investment’s proposal to invest ₹700 crore following a Swiss challenge bidding process, which was initiated by the lenders to CG Power.

Two business units

CG Power is a publicly listed entity with two major business units — power systems and industrial systems. The power systems business unit focusses on power transmission, distribution,

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Nasdaq-listed company Marathon Patent Group is forming a new joint venture with a U.S. power provider that will bring a supply of cheap energy for its bitcoin mining operations.

  • In an announcement Tuesday, Marathon said it’s teamed up with Maryland-based Beowulf Energy for the venture. Beowulf develops and operates power generation and industrial infrastructure facilities internationally.
  • The arrangement will see Marathon co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana.
  • Beowulf will supply electricity for the mining farm at a production cost of $0.028 per kWh, according to the announcement.
  • That’s 38% below Marathon’s current aggregate power cost for mining and facility operations, $0.034 per kWh.
  • The company says this, in turn, will cut its breakeven costs to mine one bitcoin from approximately $7,500 currently to $4,600.
  • Under the deal, Beowulf is also becoming an equity shareholder in Marathon, while
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The Fast Company Impact Council, an invitation-only group of corporate leaders, entrepreneurial founders, and other leaders from across industries, gathered on June 30 to share their insights. Members split into small groups, moderated by Fast Company editors, and shared their perspectives on how they are managing and innovating amid a trio of crises: the global pandemic, the economic slowdown, and calls for social justice in the wake of the killings of George Floyd, Breonna Taylor, and Ahmaud Arbery.

In this roundtable discussion, led by senior editor Amy Farley, top executives talked about how companies build narratives that can resonate with consumers and with employees, and how the role of authentic storytelling and honest communication will be a key tenet of business in the decades to come. Participants in this session, in no particular order, were the executive director of MIT Media Lab Deb Roy, Esri CMO Marianna Kantor, Integral Ad

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Identify which are the villains and kryptonites in your portfolio to become a financial superhero.

Free Book Preview Money-Smart Solopreneur

This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success.

4 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.

Have you ever identified with a superhero ? Perhaps, with his strength, his intelligence, his speed, his speed, etc. Even as a child you probably dreamed of being a superhero, however, as the years go by, we lose that illusion and we realize that these things only exist in movies.

But have you ever thought that you have the possibility of being another kind of hero?

How about a hero who has the super power to make a lot of money?

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The global telecommunications battery market size is poised to grow by USD 217.85 mn during 2020-2024, progressing at a CAGR of 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here:

Technavio has announced its latest market research report titled Telecommunications Battery Market in Latin America 2020-2024 (Graphic: Business Wire)

Population growth and urbanization are the key drivers for the rising power consumption in the telecommunications sector in Latin America. Rising power consumption in Latin America is significantly driving the demand for off-grid energy storage

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RADFORD, Va. (WDBJ) -At Radford’s City Council meeting on Monday, COVID-19 and the community’s response to the ever-evolving situation were front and center. They wanted to check in and see just how well they’re doing.

a large clock on a pole: At Radford’s City Council meeting on Monday, COVID-19 and the community’s response to the ever-evolving situation were front and center. They wanted to check in and see just how well they’re doing.

© Provided by Roanoke-Lynchburg WDBJ-TV
At Radford’s City Council meeting on Monday, COVID-19 and the community’s response to the ever-evolving situation were front and center. They wanted to check in and see just how well they’re doing.

“One of the things we promised we’d do was constantly monitor where we are with our COVID response and to make sure we’re being appropriate, find out if there’s anything else we need to do and to gage what we’re doing with everybody else,” said Mayor David Horton.


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“It’s not going to get tired so we can’t get tired and we can’t get complacent and we can’t get laxed,” said New River Health District Director Dr.

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TOKYO (Reuters) – Japanese trading house Mitsui & Co Ltd 8031.T plans to sell its remaining stakes in coal-fired power stations by the end of the decade as it shifts to gas from coal to help achieve its 2050 net zero emission target, its chief executive told Reuters.

FILE PHOTO: People walk past the logo of Japanese trading company Mitsui & Co in Tokyo, Japan, Jan. 10, 2018. REUTERS/Toru Hanai/File Photo

“We still own stakes in coal-fired plants in Indonesia, China, Malaysia and Morocco, but our goal is to make it zero by 2030,” Mitsui CEO Tatsuo Yasunaga said in an interview on Friday.

The comment – Mitsui’s first on selling out of coal-fired power generation – comes as firms worldwide move away from coal to cut harmful carbon dioxide emissions and slow climate change.

Mitsui, which generates about two-thirds of profit from energy and

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a windmill on top of a dry grass field: MailOnline logo

© Provided by This Is Money
MailOnline logo

Dividends from UK companies may not yet be as rare as hen’s teeth, but the income landscape for most investors has changed beyond recognition since the coronavirus struck. More down than up in terms of trajectory. 

According to investment experts at AJ Bell, dividend payments from the country’s 100 largest stock market-listed companies are likely to plunge by a quarter this year – from £75billion to £57billion. 

Some 35 of these companies have already either cut, deferred or cancelled their dividends while they grapple with the impact of coronavirus, with nine not paying a penny in income to shareholders. 

A raft of companies previously renowned for their dividend-friendliness – tobacco giant Imperial Brands, HSBC, BP and Shell – have all taken an axe to dividends. 

a windmill on top of a dry grass field: Wind of change: A willingness to think outside the box when it comes to income is an approach lauded by most advisers

© Provided by This Is Money
Wind of change: A willingness to think outside the box when

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Power producers’ total dues owed by distribution firms rose over 37 per cent year-on-year to ₹1.33 lakh crore in August 2020, reflecting stress in the sector.

Distribution companies (discoms) owed a total of ₹96,963 crore to power generation firms in August 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms.

In August 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at ₹1,20,439 crore, as against ₹78,646 crore in the year-ago period.

Outstanding dues

According to the latest data on the portal, total outstanding dues in August increased on month-on-month basis as well. In July 2020, total outstanding dues of discoms stood at ₹1,30,452 crore. The overdue amount in

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  • Katherine Power is the CEO behind Who What Wear, the fashion and lifestyle site that in 14 years has grown into a digital media and fashion brand with over 3.4 million followers on Instagram. 
  • She’s also founded two more companies, Versed skincare and Avaline, the “clean wine” brand she cofounded with best friend Cameron Diaz.
  • Power’s three brands have collectively raised over $60 million in funding. 
  • Power says three strategies have been fundamental to her success, including mindful leadership and focus on profitability.
  • Visit Business Insider’s homepage for more stories.

There are challenges to starting a business that any entrepreneur might find intimidating.  

But for Katherine Power, challenges are what keep things interesting. “I enjoy problem-solving, it’s almost a creative outlet for me,” she told Business Insider. 

Power is the startup guru behind Who What Wear, the fashion blog born in 2006 that over the last 14 years has ballooned

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