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Reliance Power Ltd

NEW DELHI/KATHMANDU: India and Bhutan expanded their energy ties on Tuesday during Prime Minister Narendra Modi’s visit to the Himalayan nation where he extended a 40 billion rupee ($455 million) line of credit and inaugurated a hydroelectric power project. India’s outreach to Bhutan is seen as an effort to grow its influence in the region and draw the country wedged between China and India closer to New Delhi as Beijing steps up its engagement to resolve a long-running border dispute with Bhutan and establish diplomatic relations. Modi is on a two-day visit to the country and on Tuesday addressed a gathering to mark the birthday celebrations of Bhutan’s King Jigme Khesar Namgyel Wangchuck’s father. “The partnership of trust and development between India and Bhutan stands as a model for the entire region,” he said. “As both our countries progress rapidly, our energy partnership is further accelerating this growth.” Later in the day, he inaugurated the India-funded 1,020-megawatt Punatsangchhu-II hydroelectric power project, which he said would increase Bhutan’s hydropower generating capacity by nearly 40%.

The company now holds a cumulative portfolio exceeding 4 GWp of solar capacity and 6.5 GWh of BESS across four tenders, achieved within 10 months

Indian benchmark indices ended higher on November 10, with Nifty 50 rising 0.32% and Sensex gaining 0.38%. Tech stocks led the gains amid positive global cues and improving domestic earnings. Goldman Sachs upgraded India's outlook, targeting a 14% upside for Nifty 50 by year-end 2026.

India Business News: NEW DELHI: Enforcement Directorate on Thursday arrested Amar Nath Dutta, a Kolkata-based consultant who was allegedly involved with Reliance Power's f.