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Agritech startup Clover launches D2C app

Agritech startup Clover launches D2C app
Clover founders (from left) Santosh Narasipura, Avinash B.R., Gururaj Rao and Arvind Murali have switched to selling freshly sourced vegetables directly to consumers during the pandemic
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Bengaluru: Agritech startup Clover, which sells fresh fruits and vegetables, has launched its direct-to-consumer app Deep Rooted, as it moves away from its business-to-business (B2B) model to focus on a D2C business strategy.
The new consumer brand Deep Rooted. Co is a demand-backed cultivation and supply chain solution for fruits and vegetables focused on quality, consistency, traceability and a high degree of predictability, the startup said. ....

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Bharti Airtel raises $1.25 bn through overseas bonds

Bharti Airtel raises $1.25 bn through overseas bonds
The fundraising will further support Airtel’s capital structure, says a company official.
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Airtel‘s subsidiary, Network i2i, priced perpetual bonds at a coupon of 3.975%
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NEW DELHI :
Bharti Airtel Ltd has raised $1.25 billion overseas by selling senior bonds and perpetual bonds, in the largest fundraising by any Indian investment grade issuer since January 2019, it said on Thursday.
Bharti Airtel priced the senior 10.25-year bonds of $750 million at a yield of 187.5 basis points (bps) for an implied coupon of 3.25%, while its wholly-owned subsidiary Network i2i Ltd priced $500 million worth guaranteed subordinated perpetual 5.25-year bonds at a coupon of 3.975%. ....

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Asia to drive 75% of LNG demand growth by 2040: Shell LNG outlook

Asia to drive 75% of LNG demand growth by 2040: Shell LNG outlook
Photos of Shell LNG terminal at Hazira, Gujarat.
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Natural gas emits between 45% and 55% fewer greenhouse gas emissions and less than one-tenth of the air pollutants than coal
Just 3 million tonnes in new LNG production capacity was announced in 2020, down from an expected 60 million tonnes: Shell’s LNG Outlook 2021
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Mumbai: Asia is expected to drive nearly 75% of demand for Liquefied Natural Gas (LNG) by 2040 as domestic gas production declines and LNG substitutes higher emission energy sources, tackling air quality concerns and meeting emissions targets, says Shell’s LNG Outlook 2021. ....

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Ravi Deol's Inbrew acquires Molson Coors' India biz

Inbrew buys Molson Coors’ beer biz in India
Molson Coors India Pvt Ltd is a subsidiary of Coors Brewing USA with popular beer brands in India
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Singapore-headquartered Inbrew Holdings Pte. Ltd, which is owned by UK-based entrepreneur Ravi Deol, has acquired Molson Coors Brewing Co.’s beer business in India, as the American firm is in the process of exiting non-core geographies.
The deal value was not disclosed. Molson Coors India Pvt. Ltd (MCIPL) is a subsidiary of Coors Brewing USA with popular beer brands in India.
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Saudi wealth fund's Lucid windfall will make up for Tesla exit

Saudi wealth fund’s Lucid windfall will make up for Tesla exit
FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo
(REUTERS)
. Updated: 25 Feb 2021, 10:46 PM IST Bloomberg
The kingdom’s main sovereign wealth fund is sitting on paper gains of over 30-fold from its investment in Lucid Motors Inc., with the value of its stake set to rise as part of a deal to take the company public
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The second time proved the charm for Saudi Arabia’s foray into electric vehicles.
The kingdom’s main sovereign wealth fund is sitting on paper gains of over 30-fold from its investment in Lucid Motors Inc., with the value of its stake set to rise as part of a deal to take the company public. ....

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