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Norway sovereign wealth fund excludes APSEZ, joins 14 other Indian cos facing similar action

Coal India, NTPC, Reliance Power, Tata Power and three other power producers faced a similar action in April 2016 for production of coal or coal-based energy.

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Norway sovereign wealth fund excludes Adani Group s APSEZ, joins 14 other Indian cos facing similar action | Business News

Norway sovereign wealth fund excludes Adani Group s APSEZ, joins 14 other Indian cos facing similar action | Business News
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Norwegian Wealth Fund Blacklists 15 Indian Giants, Including APSEZ

Norway's central bank excluded Adani Group's port firm, APSEZ, from its government pension fund due to ethical concerns, specifically unacceptable risks related to violations of individual rights in war or conflict situations. APSEZ sold its Myanmar asset last year, yet Norway's Norges Bank cited insufficient buyer information. This marks APSEZ as the 15th Indian company excluded, joining firms like ONGC, GAIL, and NTPC, which faced similar actions regarding ethical violations and environmental concerns.

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Tata Power: What Should Investors Do? - The Hindu BusinessLine

Tata Power is poised for growth amid rising power demand and renewable energy targets in India. Its diversified business segments, strengthened balance sheet, and ambitious capex plans signal long-term potential. However, given its substantially increased stock valuation, investors are advised to book partial profits while retaining Tata Power as a core holding for the future.

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IMD issues red alert for severe heatwave across north India

The IMD has advised people to stay indoors since there is a high possibility of developing heat-related illnesses from too much exposure to the sun | Latest News India

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