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Sumant Wahi started at Man Group's GLG unit Monday. The former Gladstone partner is going to run a stock-picking strategy focused on tech companies. Wahi previously ran a tech-focused strategy for Fidelity International. London-based Man Group has added to its roster of investment talent to start the new year. The $161 billion investment manager — one of the few publicly traded hedge fund managers — has hired former Gladstone partner Sumant Wahi to run a tech-focused stock-picking strategy.
Persons: Sumant Wahi, Gladstone, Wahi, Organizations: Fidelity International . London, Gladstone, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCreate something new instead of trying to reform the old, says Indian renewable energy firm's CEOReNew CEO Sumant Sinha speaks to CNBC's Dan Murphy and Steve Sedgwick at COP28.
Persons: Sumant Sinha, CNBC's Dan Murphy, Steve Sedgwick Locations: COP28
The country's leaders have been optimistic about its path to net zero, making bold claims that 50% of its power generation will come from renewables by 2030, and 100% by 2070. "This heightened power demand necessitates a reliable, cost-effective, and consistent power generation source, which coal currently fulfills," he highlighted. Nearly 10% of the country's electricity demand comes from space cooling and this will increase ninefold by 2050, the IEA said. Unreliable renewablesDespite being able to produce cheap wind and solar energy, only 22% of India's power generation is met by renewables. These complexities render it challenging to rely solely on renewables for consistent and dependable power generation," Narayan said.
Persons: Money Sharma, Anil Kumar Jha, Jha, Neshwin Rodrigues, Prakash Singh, Sooraj Narayan, Wood, Sooraj Narayan Wood Mackenzie, Narayan, Sumant Sinha, Sinha, CNBC's, Wood Mackenzie's Narayan Organizations: Afp, Getty, Coal, CNBC, National Thermal Power Corporation, International Energy Agency, Ministry of Coal, Jha, Bloomberg, Investment, Invest India, Nurphoto Locations: Uttar Pradesh, India, Coal India, Dadri, Asia, Uttarakhand, Kerala
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoal will continue to play a role in India's energy mix, says renewable energy firmSumant Sinha of ReNew Energy Global says India is "very dependent on fossil fuel imports," and discusses ways to reduce that dependence.
Persons: Sumant Sinha Organizations: Energy Global Locations: India
Aug 1 (Reuters) - Nile, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, has raised $175 million in a new round to fund its efforts to build a Cisco competitor, the company said. Nile, which has previously raised $125 million, did not disclose its valuation, but said it had doubled since the last round. Data from PitchBook pegged the company's valuation at $395 million in 2020. Since its technology became available last May, Nile has signed customers such as Stanford University and startup Carta. Pankaj Patel, chief executive at Nile, said the young company can challenge the incumbents by offering ease of use at lower cost and advanced security features in its network.
Persons: John Chambers, Pankaj Patel, Hewlett, Nile, Patel, Sumant, Krystal Hu, Nick Macfie Organizations: Cisco Systems, Cisco, March Capital, Sanabil Investments, Saudi Telecom Company, Liberty Global, PitchBook, Juniper Networks, Hewlett Packard, Aruba Wireless, Stanford University, Reuters, Sumant Mandal, Thomson Locations: Saudi, San Jose, NaaS, Aruba, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's not going to be easy to diversify our supply chains away from China: Indian clean energy firmSumant Sinha of ReNew says "I don't think you can replace China in a hurry, and I don't even think you will be able to replace China fully — nor should you try that."
ReNew Power is now studying green hydrogen opportunities, specifically in Egypt, having signed a framework agreement during the COP27 climate conference last year, Sumant Sinha told Reuters in Davos at the World Economic Forum. The plant would be located around 200 kilometres south of the capital Cairo and the green hydrogen would be shipped through the Suez canal. India also has plans to produce 5 million tonnes of green hydrogen by 2030, which ReNew Power wants to be a part of. "India has very good natural resources also and we can ship out of India just like we can out of Egypt." "One of the big reasons why there is so much volatility in the capital markets especially for clean tech stocks is because interest rates are going up," he said.
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