The UK has officially shut down its last coal-fired power plant, marking a significant transition from coal to cleaner energy sources. While countries like the UK, Germany, and the US have made strides in reducing coal dependency, nations such as China and India continue to expand their coal power capacity amid rising electricity demands. Despite the global push for cleaner energy, coal remains a dominant power source, meeting about 35% of global energy needs.
Dr. Reddy's has made a significant investment of US$ 620 million in its subsidiary located in Switzerland. This strategic move underscores the company's commitment to expanding its global footprint and enhancing its operational capabilities in the pharmaceutical sector.
UBS is reportedly in discussions to establish a joint venture focused on wealth management in India, targeting minority ownership. Sources indicate that these talks are part of the bank's strategy to expand its presence in the growing Indian market.
EaseMyTrip is set to enhance its non-air business by entering the medical tourism sector, which is experiencing rapid growth. CEO Nishant Pitti emphasized that this strategic move aligns with the company's goal of diversifying and achieving sustainable profitability in a flourishing market.
Dr. Reddy's Laboratories has finalized a $620-million investment in its Switzerland subsidiary, Dr. Reddy’s Laboratories SA, by acquiring 6.2 million non-convertible preference shares. The funds will be utilized for acquiring Nicotinell and related brands from Northstar Switzerland SARL, owned by the Haleon Group. Additionally, the company faced a penalty of approximately Rs 28 lakh from the Mexican drug regulatory authority.
Mission 2025 urges governments to adopt investment-positive policies to mobilize $1 trillion annually for clean energy, highlighting successful strategies from industrialized nations. Despite record renewable capacity growth, the UN warns of a two-speed transition, with developing countries facing high capital costs and debt crises, risking global climate goals. The IEA emphasizes the need for stable policies and international support to ensure equitable investment in clean energy across all economies.
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