Latest news with #DFI
Times of Oman
11 hours ago
- Business
- Times of Oman
India records highest growth in power generation after US & China in last five years: IEA
New Delhi: India has emerged as a country with the third-largest growth in power generation capacity globally over the past five years, according to the latest report by the International Energy Agency (IEA). Only China and the United States surpassed India in power generation growth during this period. It said "India has seen the third-largest growth in power generation capacity in the world after China and the United States". The report highlighted that India's electricity demand has been rising sharply due to several factors. These include the expansion of commercial and residential spaces, increased ownership of air conditioners and other household appliances, and growing demand from industries. To meet this growing demand, power generation in the country has expanded across all energy sources. The report mentioned that a major driver of this expansion has been the strong push towards renewable energy. The report noted a significant increase in investments in clean energy, especially solar photovoltaic (PV) projects. In fact, solar PV alone accounted for more than half of the total non-fossil energy investment in India over the past five years. In 2024, as much as 83 per cent of power sector investment in the country went into clean energy initiatives. India was also the largest recipient of development finance institution (DFI) funding for clean energy in 2024. The country received around USD 2.4 billion in project-specific funding aimed at boosting clean energy generation. In terms of foreign investment, India has seen a steady rise in foreign direct investment (FDI) in the power sector. FDI reached USD 5 billion in 2023, nearly twice the level seen before the COVID-19 pandemic. This growth is partly driven by government policies that allow 100 per cent FDI in all areas of electricity generation (except nuclear power) and transmission infrastructure. However, the report also pointed out that foreign portfolio investment in India's energy sector has seen a decline in the past two years. This drop is attributed to a mix of macroeconomic and sector-specific challenges, though the long-term trend remains positive.
Qatar Tribune
18 hours ago
- Entertainment
- Qatar Tribune
DFI's ‘Geekend' caught ‘em all with successful pop culture celebration
Tribune News Network Doha Geekend, the region's premier pop culture event by Doha Film Institute (DFI), concluded three days of jam-packed activities and geeky camaraderie. The event hosted an exciting array of floor activations and a lively stage programme with a special Pokémon spotlight at the Geekdom Building on Lusail Boulevard. This edition of Geekend was presented in partnership with community activation group 'Nakama' to celebrate the intersection of anime and culture. The community-led event bridged gaps and brought together Geekdom's wide-ranging fanbase like never before, allowing for stronger engagement and integration. By uniting fans from across the nation and showcasing Qatar's vibrant creative economy, Geekend cemented its ongoing support for local artists and vendors in attendance. Abdulla Al Mosallam, chief administrative officer of Doha Film Institute and Founder of Geekdom, said: 'Geekdom has been a pop culture staple in the region for twelve years, bringing together diverse fandoms under one roof. This edition of Geekend was no different. We are grateful to be able to curate a space for the region's biggest fans, vendors, and artists to feel seen, inviting them to connect, engage, and showcase their passion.' The Geekend Market returned, giving niche creators a rare opportunity to connect with their target audience and engage with visitors who appreciate their craft. Local artists were able to showcase their work, reflecting continuous efforts to support the creative economy in Qatar. From platforming everything from storyboards to fan art, the Market has proven its success through participant testimonies and an increase in the number of applicants, almost quadrupling allocated slots. Further, the event celebrated the world of Pokémon with a wide range of Pokémon-inspired activities and entertainment, nostalgic to adults who have grown up with the nearly 30-year-old franchise, sharing that joy with a newer generation of fans. The success of Geekend was made possible through the support of its sponsors, including LG, Jumbo Souq, Ultra Gear, S-City, Music Lab, Store974, and Gamers Station. A special announcement added to the excitement, unveiling the dates for Geekdom 2025: This year's main pop culture event, supported by DFI, will take place from November 18 to 22, further amplifying the spirit of fandom exemplified by Geekend.
Economic Times
a day ago
- Business
- Economic Times
India records highest growth in power generation after US & China in last five years: IEA
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India has emerged as a country with the third-largest growth in power generation capacity globally over the past five years, according to the latest report by the International Energy Agency (IEA).Only China and the United States surpassed India in power generation growth during this said "India has seen the third-largest growth in power generation capacity in the world after China and the United States".The report highlighted that India's electricity demand has been rising sharply due to several factors. These include the expansion of commercial and residential spaces, increased ownership of air conditioners and other household appliances, and growing demand from meet this growing demand, power generation in the country has expanded across all energy report mentioned that a major driver of this expansion has been the strong push towards renewable report noted a significant increase in investments in clean energy, especially solar photovoltaic (PV) projects. In fact, solar PV alone accounted for more than half of the total non-fossil energy investment in India over the past five years. In 2024, as much as 83 per cent of power sector investment in the country went into clean energy initiatives India was also the largest recipient of development finance institution (DFI) funding for clean energy in 2024. The country received around USD 2.4 billion in project-specific funding aimed at boosting clean energy terms of foreign investment, India has seen a steady rise in foreign direct investment (FDI) in the power sector. FDI reached USD 5 billion in 2023, nearly twice the level seen before the COVID-19 growth is partly driven by government policies that allow 100 per cent FDI in all areas of electricity generation (except nuclear power) and transmission the report also pointed out that foreign portfolio investment in India's energy sector has seen a decline in the past two years. This drop is attributed to a mix of macroeconomic and sector-specific challenges, though the long-term trend remains the IEA report outlined India's strong performance in power generation and its growing focus on clean energy investment.
Time of India
a day ago
- Business
- Time of India
India records highest growth in power generation after US & China in last five years: IEA
India has emerged as a country with the third-largest growth in power generation capacity globally over the past five years, according to the latest report by the International Energy Agency (IEA). Only China and the United States surpassed India in power generation growth during this period. It said "India has seen the third-largest growth in power generation capacity in the world after China and the United States". The report highlighted that India's electricity demand has been rising sharply due to several factors. These include the expansion of commercial and residential spaces, increased ownership of air conditioners and other household appliances, and growing demand from industries. To meet this growing demand, power generation in the country has expanded across all energy sources. Live Events The report mentioned that a major driver of this expansion has been the strong push towards renewable energy. The report noted a significant increase in investments in clean energy, especially solar photovoltaic (PV) projects. In fact, solar PV alone accounted for more than half of the total non-fossil energy investment in India over the past five years. In 2024, as much as 83 per cent of power sector investment in the country went into clean energy initiatives . India was also the largest recipient of development finance institution (DFI) funding for clean energy in 2024. The country received around USD 2.4 billion in project-specific funding aimed at boosting clean energy generation. In terms of foreign investment, India has seen a steady rise in foreign direct investment (FDI) in the power sector. FDI reached USD 5 billion in 2023, nearly twice the level seen before the COVID-19 pandemic. This growth is partly driven by government policies that allow 100 per cent FDI in all areas of electricity generation (except nuclear power) and transmission infrastructure. However, the report also pointed out that foreign portfolio investment in India's energy sector has seen a decline in the past two years. This drop is attributed to a mix of macroeconomic and sector-specific challenges, though the long-term trend remains positive. Overall, the IEA report outlined India's strong performance in power generation and its growing focus on clean energy investment.
Business Times
10-06-2025
- Business
- Business Times
DBS raises DFI Retail Group Holding's target price, citing strong potential to grow earnings
[SINGAPORE] DBS bank on Monday (Jun 9) raised its target price for DFI Retail Group from US$3 to US$3.60 and maintained its 'buy' rating, citing a stronger and more focused business strategy. This represents an upside of 28.6 per cent from the DFI's previous closing price of US$2.80 on Monday (Jun 9). The bank analysts noted that DFI has been streamlining its operations by exiting low-margin businesses, especially in South-east Asia's food segment, and selling its stakes in associates such as Yonghui and Robinsons Retail Holdings (RRHI). These moves have given the company greater control over its operations and improved its ability to boost return on capital employed and total shareholder return, the analysts said in a report. As at 2.27pm on Tuesday, shares of DFI retail group were down 1.43 per cent, or US$0.04 at US$2.76. However, for Q1 ended Mar 31, 2025, the group's underlying profit fell 18 per cent compared with the same period a year ago, due to the divestment of Yonghui Superstores last year. The Chinese supermarket operator contributed US$23 million in earnings in the corresponding period a year ago. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Excluding the divestment, the underlying profit of the mainboard-listed group rose 28 per cent for Q1 compared with a year ago. Looking ahead, DBS sees strong potential for DFI to grow earnings, driven by improving operational efficiency. They estimate gains of over US$100 million, noting that even a modest 0.1 percentage point rise in operating margin could boost FY2026 net profit by about 2.2 per cent. DBS has also raised its core earnings forecasts for DFI by 4 per cent for FY2025 and 3 per cent for FY2026, reflecting the impact of recent divestments and a solid first quarter. For FY2025, DBS also expects earnings to reach US$269 million – near the upper end of management's guidance – helped by stronger performance from Maxim's and lower interest expenses. Said the DBS analysts: 'For FY2026, we anticipate further margin expansion for the remaining businesses and continued interest savings, driven by a full-year impact from lower debt levels and reduced lease liabilities following the sale of DFI's SG Food business.' On Mar 24, DFI announced the divestment of its Singapore Food business to Macrovalue – the same party that acquired its Malaysia Food operations in 2023. The transaction is valued at S$125 million and is expected to be completed by Q4 2025. By FY2026, further margin improvements and savings from lower debt and lease obligations, after selling the Singapore food business, are expected to outweigh the US$14 million earnings loss from the RRHI stake disposal. Rather than pursuing costly mergers and acquisitions activity, DBS believes DFI would be 'more prudent and value-accreditive' in focusing on operational improvements and maintaining a steady special dividend payout of US$0.10 annually until better investment opportunities arise.
