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climate risk assessments are critical for business organisations and the finance function, including the CFOs and finance teams, are key to this transformation, says a report by the Association of Chartered Certified Accountants. As business leaders have to be adequately equipped to deal with disruptions due to climate-related events, the report also has tool kits for finance teams to build resilience skills in areas of scenario testing, crisis management planning and business continuity plans. Key insights

This is a particularly notable trend in India. Currently valued at about USD 170 million, the EV leasing market is expected to develop at an astounding compound annual growth rate (CAGR) of 73%, reaching USD 4–5 billion by 2030. The increasing popularity of EVs and the growing acceptance of leasing as a wise substitute for ownership are both factors contributing to this development. Whether it is last-mile delivery companies upgrading their fleets or enterprises looking to optimise operational costs, EV leasing offers compelling advantages. Managing capital and operational costs EV leasing addresses one of the most significant challenges businesses face: high upfront capital expenditure. Purchasing EVs typically requires a substantial down payment, ranging from 10–25% of the vehicle's cost. Leasing, in contrast, demands only a security deposit equivalent to 3–6 months of lease payments, enabling businesses to scale their fleets with minimal initial investment. This approach not only preserves cash flow but also provides predictable monthly expenses, simplifying financial planning.

Star Cement on Wednesday dismissed reports suggesting that Adani Group’s Ambuja Cement is evaluating a potential acquisition of the company to expand its presence in the North East. The company labeled the claims as speculative and clarified that no such discussions are underway. In a filing to the stock exchanges, Star Cement stated, “With reference to the news item that appeared in ‘Money Control,’ we hereby clarify that the above-mentioned news item is speculative, and the company is not engaged in any discussions in this regard.” The company further emphasised its commitment to regulatory compliance, saying, “We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.”

open on Wednesday as investors braced for a crucial no-confidence vote by French lawmakers that will likely oust Prime Minister Michel Barnier's government. The pan-European STOXX 600 index was up 0.1% at 0810 GMT, on track for its fifth straight session of gains, after closing at a one-month high on Tuesday, with Germany's DAX rising 0.5%. France's CAC 40 was up 0.05%.

Elon Musk’s Starlink in India. “No Sir. The Telecommunications Act, 2023 provides for assignment of spectrum through administrative process for satellite-based services, listed in First Schedule of the Act,” Minister of state for communications and rural development Pemmasani Chandra Sekhar said in reply to a question if the decision was made to facilitate entry of Starlink into the Indian market. To a query around projected revenue loss as a result of not auctioning satellite spectrum, the Minister said spectrum assigned administratively are also chargeable and hence contribute to revenue.

Trump reportedly suggested to the Canadian PM that if a tariff for failing to address trade and immigration issues would kill the neighbor to the north’s economy, maybe it should become the 51st state, according to Fox News sources. Trudeau and other officials nervously laughed at Trump's joke. Trump was joking when he suggested Canada become the 51st U.S. state during a dinner with Justin Trudeau, a Canadian minister who attended their recent dinner said Tuesday.

S Chockalingam has said the seven per cent increase in voter turnout in the last hour of polling for the state assembly elections was not a surge, as claimed by the opposition, but an «average» process. In a video statement on Monday, Chockaligam said Maharashtra is a large state with more than one lakh polling booths. «If 76 lakh voters turn up in the last hour of polling, it is only (an average of) 76 voters in each of the polling centres,» he added. The assembly elections in Maharashtra and Jharkhand were held last month.

Suzlon Group on Wednesday said the company has secured an additional wind project of 302.4 megawatt from Jindal Renewables in Karnataka. In October, Suzlon had announced securing a 400-megawatt (MW) wind power deal from Jindal Renewables Power. «Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, have expanded their partnership with an additional 302.4 MW wind power project in the Koppal region of Karnataka,» the group said in a statement. The second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest-ever commercial and industrial (C&I) order from a single customer.

The projections were made during a Meeting of the Parliamentary Consultative Committee of Members of Parliament for Ministry of Power here last evening. Union Power Minister Manohar Lal chaired the meeting. As per 20th Electric Power Survey (EPS) report published by the Central Electricity Authority (CEA), the peak demand and energy requirement is pegged at around 366 GW and 2474 BU by 2031-32, it stated.

Lupin Ltd. 0.65 per cent to Rs 2095.05 at 01:55PM (IST) in Wednesday's trade. The stock hit a high of Rs 2099.00 and low of Rs 2062.30 so far during the session. The stock had closed at Rs 2081.40 in the previous session. The counter had a total traded volume of 01:55PM shares so far with a turnover of Rs 1.05 crore on BSE. The stock traded at a price-to-earnings multiple of 36.38 and a price-to-book ratio of 5.16.

SBI Card has discontinued the accrual of reward points on digital gaming platforms/merchants transactions for certain credit cards from December 1, 2024 onwards. According to the SBI Card website, “W.e.f. 1 Dec 2024, accrual of Reward Points on spends done on Digital Gaming Platforms/Merchants will be discontinued for certain credit cards.” Here is list of SBI credit cards where reward points will not be applicable on digital gaming platforms/merchants: AURUM • SBI Card ELITE

Devendra Fadnavis, the political stalwart who rose from humble beginnings to become a key figure in Maharashtra politics, is set to become chief minister — a position he has held twice before. The 54-year-old leader, whose career has been marked by a blend of resilience and strategic manoeuvring, is positioned to lead the state for the third time following a decisive showing of the BJP in the November 20 assembly polls, and his election as leader of the state BJP legislature party on Wednesday. Fadnavis' political journey has been nothing short of remarkable. From serving as an obscure corporator to becoming the youngest mayor of Nagpur, he has strengthened his status as a prominent leader within his party. Notably, he is only the second Brahmin to serve as Chief Minister of Maharashtra, following the Shiv Sena's Manohar Joshi. His ascent began in earnest ahead of the 2014 assembly elections, where he garnered significant support from Prime Minister Narendra Modi and senior BJP leader Amit Shah. Modi famously referred to him as «Nagpur's gift to the country» during a campaign rally, underscoring the confidence placed in Fadnavis.

Manjesh Kumar, a 42-year-old property dealer, had hired a hitman to eliminate his business partner, but the hitman double-crossed him, ultimately killing Manjesh instead. The drama began when Arjun Kumar, a former Army man and the hitman hired by Manjesh, decided to betray him. Arjun informed Sanjay Singh, Manjesh’s business partner, about the plan. Seizing the opportunity, Sanjay, 42, offered Arjun a hefty Rs 10 crore to turn the tables and eliminate Manjesh instead. Police investigations revealed that Manjesh was found dead in a rented house in Patel Nagar, Dehradun, which belonged to one of the accused’s accomplices. The cause of death was strangulation, with shoe laces being used as the murder weapon.

Arvind Kejriwal, and BRS leader K Kavitha on the ED's plea challenging a trial court's order directing it to supply «unrelied documents» to those accused in the alleged money laundering case related to the excise policy. Justice Manoj Kumar Ohri issued notices to all the 40 accused on the Enforcement Directorate's (ED) petition as well as its application for stay in the case. The high court listed the matter for further hearing on January 30 next year. Besides former Delhi chief minister Kejriwal, AAP leaders Manish Sisodia and Sanjay Singh and several businessmen are among the accused in the case.

Tata Power Company Ltd. 0.66 per cent to Rs 425.95 at 12:39PM (IST) in Wednesday's trade. The counter hit a high of Rs 432.00 and low of Rs 424.40 so far during the session. The stock had closed at Rs 428.80 in the previous session. The counter had a total traded volume of 12:39PM shares so far with a turnover of Rs 16.04 crore on BSE. The stock traded at a price-to-earnings multiple of 36.32 and a price-to-book ratio of 3.89.

PI Industries Ltd. 1.86 per cent to Rs 4217.00 at 12:44PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 4219.60 and low of Rs 4098.20 so far during the session. The stock had closed at Rs 4139.60 in the previous session. The counter has had a total traded volume of 2587 shares so far with a value of Rs 1.07 crore on the NSE. It traded at a price-to-earnings multiple of 35.25 and a price-to-book ratio of 6.74.

Bandhan Bank Ltd. traded at Rs 175.95 on BSE at 11:58AM (IST) on Wednesday, 0.42 per cent from previous close. The stock quoted a 52-week low price of Rs 163.00 and a high of Rs 263.15.

Shree Cements Ltd. traded at Rs 27160.95 on BSE at 12:03PM (IST) on Wednesday, 0.02 per cent from previous close. The scrip quoted a 52-week low price of Rs 23500.15 and a high of Rs 30710.15.

Tube Investments of India Ltd. traded at Rs 3621.35 on BSE at 12:19PM (IST) on Wednesday, 0.02 per cent from previous close. The scrip quoted a 52-week low price of Rs 3258.95 and a high of Rs 4807.05.

KL Rahul has refused to divulge the makeup of India's opening partnership for the second test against Australia amid speculation that he will drop down the order to make way for returning captain Rohit Sharma. Rohit missed India's comprehensive victory in the series opener in Perth to care for his newborn baby in Mumbai but has since joined the squad ahead of the pink-ball test at Adelaide Oval, which begins on Friday. Rahul filled in for Rohit at the top of the order at Perth Stadium and forged a 201-run opening stand with Yashashvi Jaiswal to put India on course for victory.

Bank of America has teamed with FIFA for a second time