NTPC to raise ₹5,000 crore via loans

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⭐NTPC plans to raise ₹5,000 crore via loans

State-owned power company NTPC seeks to raise ₹5,000 crore via term loans. It has invited bids from banks and financial institutions. It says that the funds will be used to fund capital expenditure for present and future capacity additions, including renewable energy projects, coal mining business, renovation and modernisation program of various projects, among others.

⭐ Tube Investments plans four EVs

Tube Investments of India (TII), part of the Murugappa group, is working on four electric vehicle (EV) platforms and plans to invest ₹250 crore in each. Currently, the company is working on platforms for three-wheelers, tractors and heavy commercial vehicles. The fourth platform is still under development. 

⭐  Wholesale inflation eases in July

India's wholesale price index (WPI) fell to 13.93% in July, from 15.18% in June, the lowest in five months. The overall decline in WPI was due to the easing cost of food articles and manufactured products. Food inflation eased to 10.7% in July from 14.3% in June. Meanwhile, prices of vegetables rose by 18.2% in July as compared to 56.7% in June.

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Fact of the day

Scientists in Australia and the US are using genetic engineering to bring back an extinct animal commonly known as the Tasmanian tiger.

Source: NDTV