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"Divestment" tag
norway-fossil-fuels

Norway’s sovereign wealth fund backs away from fossil fuels

Coal and oil have long been sought-after investment targets, but that is changing. Norway is increasingly withdrawing its huge sovereign wealth fund from fossil fuels. But for finance, not climate protection. The electric car pensioner...

divestment-marketexpress-in

Divestment in midst of credit crunch, buoyant capital market and ample dry powder

Executives of most of the company are generally geared up to buy assets rather than to sell them. Executives’ resistance is reasonable due to reduction of top-line, fear of market’s reaction and to avoid hassle...

rockefeller-fund-oil-stephen-heintz-618-dw-marketexpress-in

Rockefeller Fund: ‘The oil age is coming to an end’

Stephen Heintz, president of the Rockefeller Brothers Fund, explains to DW how it makes perfect sense that a fund which got rich on oil is now divesting from fossil fuels. With its announcement to pull...

FM guns for 3% Fiscal Deficit, Divestment & 2G auction

Finance Minister – P. Chidambaram’s take on Fiscal consolidation, Divestment, 2G auction, Inflation management, Current account deficit (CAD), key legislation such as Direct tax Code (DTC). He unveiled a five-year roadmap for fiscal consolidation. The...

Siemens ceases solar activities

German industrial conglomerate Siemens has announced plans to sell off its solar energy business in an effort to cut costs and strengthen profits. The firm doesn’t expect earnings in the sector to pick up in...

Budget 2012 : Divestment target set at 30,000 cr

After missing the target for current year, Finance minister cautiously set a target of Rs. 30,000 cr from stake sale in public sector undertakings. He commented that government is committed in its effort to enhance...