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Drax pauses UK BECCS investment in 2023 as it awaits clarity of government's commitment to its project; company says that, without government support for BECCS, Drax's largely biomass-fueled power station in England could become unviable in 2027

Revlon's local partner Umesh Modi Group will invest Rs 100 crore to expand its distribution network in India; plan will roll out more mass-premium color cosmetics and hair colors under the Revlon brand, competing with L'Oreal's Maybelline and HUL's Lakme

Over the past eight years EV and battery production facility investments in US totaled over US$120.0B and created 143,000 jobs; over 40% of investment has occurred over past six months due to passage of Inflation Reduction Act

Michigan announces it has won US$16.6B in projects, created 16,300 jobs building batteries and EVs as a result of the Inflation Reduction Act

Tex-Tech to invest US$24.8M to build new 170,000-sq.-ft. nonwovens, textile production site in Winston-Salem, North Carolina; company to also receive US$125,000 performance-based grant from One North Carolina Fund to help expand operations, create 49 jobs

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