Deal● Neutral for Indian equities
Japan-based Sumitomo Corporation to pick 49% stake in HFE project SPV
The brief
- Sumitomo Corporation is to pick a 49% stake in a Hero Future Energies project SPV
- The SPV is developing an approximately 500 MWp wind and solar power plant
- Foreign investment in renewables may support India’s clean-energy project pipeline
- Takaichi pledges fiscal discipline as Japan's debt bill rises
- Asian shares rise as softer US jobs data cools Fed rate-hike bets
- Japan's Takaichi protests to US after Marine accused of murder in Okinawa
- Japan stocks extend losses as higher yields and oil prices weigh on sentiment
- Japan’s two-year government bond yield nears 2% amid BOJ rate-hike bets