Sustainability Financial News

₹51 crore from the previous quarter, while write-offs themselves rose by ₹105 crore over the same period. Abhijit Chakravorty, chief executive of SBI Cards, told analysts in a conference call: “The primary reasons for the increase in credit cost…is that customers obtained multiple trade lines from other lenders after taking a card, and this over-leveraging has impacted their repayment capacity." The credit card business is a tough one and can be highly cyclical. Importantly, the business in general is the canary in a coal mine for economic conditions.

“Our Iceberg Is Melting: Changing and Succeeding Under Any Conditions” by Holger Rathgeber and John Kotter paints a simple visual story of a group of penguins who are unaware that the iceberg they live on is melting. The story follows the journey of one penguin, Fred, who makes the discovery and then the intricate journey Fred has to undertake to convince his community of penguins that their iceberg is melting and that they need to move their habitat. Central to the story are the motivations of each character in the penguin colony and how Fred and his growing clan of believers help them see the real picture.

In a stock exchange notice today (2 September), PMGR confirmed it will not seek to adopt one of the four labels under SDR and, in light of the regulation, will change the wording in its investment subjective. The objective will no longer refer to «sustainable» infrastructure investments, but rather to «similar» infrastructure investments, the board noted. Impact Healthcare REIT to change name following introduction of SDR As a result, and with immediate effect, PMGR's investment objectives now plan «to achieve a high income from, and to realise long-term growth in the capital value...

Cabinet on Monday gave nod to seven decisions focused on boosting farm-related activities in India, Union Minister Ashwini Vaishnaw announced, while addressing a press conference. While announcing the key decisions, Vaishnaw said, «Today, Seven major decisions have been taken in the cabinet meeting for improving the lives of farmers and increasing their income...The first is Digital Agriculture Mission. This is being developed on lines of the structure of Digital Public Infrastructure for agriculture. A few good pilot projects have been taken up and we have achieved success. On that basis, with a total investment of Rs 20,817 Crores, Digital Agriculture Mission will be set up...» Here are the major decisions taken by Prime Minister Modi-led Cabinet:

China’s property crisis has hit local governments hard, drying up a key source of income as land sales crumble. Fiscal reform plans have sparked hope relief is on the way, but economists see little progress. Cash-strapped and indebted, regional governments are seeking alternative revenue streams to compensate for falling land and tax income.

Vijay Kedia’s portfolio stock Patel Engineering surged 13% in 2 days to a high of Rs 60.71 on BSE today after the company on Thursday had announced that its signed a Memorandum of Understanding (MoU) with RVNL to collaborate on Hydro and other infrastructure projects. “The agreement outlines a framework for collaboration between the Company and RVNL to leverage each other’s strengths and capabilities in pursuing hydro and other infrastructure projects. Under this MOU, both parties will explore opportunities to work together in various capacities,” said the company in a filing to the exchanges.

«Defence as a segment, whether you take any other country companies, Lockheed Martin in the US, etc, their order book despite being mature countries grow very fast. So, there is a trading positional investment opportunity in, let us say, Bharat Electronics or HAL, but valuations are still rich,» says Chakri Lokapriya, Managing Partner, RSB LLP. What the outlook is on some of these defence stocks, given the fact that they are a buzz in today's trade, what is it that catches your eye within the sector? Chakri Lokapriya: The defence stocks, as we know, have corrected in the last month or so. The outlook remains strong, as the order book for these companies is never in question for the next three to five years. What was in question is the valuation and the ability to sustain the momentum of the order book, which I think the second question is easier to answer, which is the order book momentum will continue. Defence as a segment, whether you take any other country companies, Lockheed Martin in the US, etc, their order book despite being mature countries grow very fast. So, there is a trading positional investment opportunity in, let us say, Bharat Electronics or HAL, but valuations are still rich.

Marc-Andre Blanchard, executive vice president and global head of sustainability at CDPQ, one of the biggest global investors in infra-related assets in India. «When we talk about ESG and sustainability, we're really talking about good management and value creation,» Blanchard said. «As a pension fund, we are driven by the desire to build businesses that drive performance and progress. For us, capital takes on its full value when it generates positive change.» The Canadian leader stated that CDPQ is a global investment group with over $452 billion in assets under management, including 12% in the Asia-Pacific region. What sets CDPQ apart is its dual mandate: generating returns for its depositors-representing over 6 million Quebecers-while contributing to Quebec's economic development. CDPQ is also Canada's second-largest pension fund, he said.

Manipur government reported was carried out by Kuki militants against Koutruk villagers. «The State Government has learnt about the unfortunate incident of the attack on unarmed Koutruk villagers using drones, bombs and many sophisticated weapons on Sunday reportedly by Kuki militants causing the death of two persons including one woman and injuries to many,» said the Manipur government in a statement. «Such act of terrorising upon the unarmed villagers is viewed very seriously by the State Government when the State Government is putting all possible efforts towards bringing normalcy and peace to the State. Such an act of creating havoc among the unarmed villagers reportedly by Kuki militants is seen as an attempt to derail the efforts taken by the State Government to establish peace in the State,» stated the Manipur government condemning the attack.

data analytics, predictive tech and AI, data points are valuable not so much for what they tell us about the past but for how well they can predict the future. By that yardstick, Q1 GDP numbers released by NSO last Friday for the quarter ended June 2024 are likely to fail the test. In a world dogged by uncertainty, where black swan events are seemingly no longer the exception, macroeconomic numbers like GDP are incredibly hard to predict. The past is no guide to the future. No one foresaw the pandemic or, further back in time, the Global Financial Crisis, both of which saw GDP growth collapse dramatically. Sure, these were catastrophic events. But, thanks to geopolitics, there are just too many unknown unknowns in the world today to expect GDP estimates for a single quarter to give us more than a very rough idea of how growth is likely to pan out in future.

Nifty towards 25,500–26,000 in the short term, says Rupak De, Senior Technical Analyst, LKP Securities. He recommends buying TCS, DLF, and LTIMindtree for the week. Edited excerpts:

₹5 lakh to clean a water body, which greatly increases water storage and helps replenish groundwater. Farmers benefit from better crop yields and the reduced need for fertilizers that using silt assures them. Many similar success stories across India show how community-driven water body rejuvenation can change lives.

Europe, setting the stage for policymakers in both regions to lower interest rates in September. On a three-month annualized basis, the Federal Reserve’s preferred measure of underlying US inflation advanced 1.7% in July, the slowest this year. In Europe, consumer prices rose 2.2% in August from a year ago — the tamest since mid-2021 and significantly lower than the 2.6% pace a month earlier. Meantime, inflation in Tokyo — a leading indicator of the national data due in September — picked up speed in August, supporting the case for the Bank of Japan to continue raising rates at a gradual pace as the bank balances the need to support the economy.

Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs on Friday. This marked Nifty's best week in two months, extending its winning streak to 12 consecutive sessions. The 30-share BSE Sensex climbed 231 points, or 0.28%, to close at 82,365, while the broader NSE Nifty gained 84 points, or 0.33%, ending at 25,235. This is the third consecutive day the Nifty has closed at a record high.

Cultural Encyclopedia of the Dard Tribe: Journey through Gurez and Ladakh (2024). “The inhabitants of Dawar are transforming their ancestral, cultivable land into hotels, cafés and restaurants without taking sustainability into consideration." A little further from the villages, is the 330 MW Kishanganga Hydroelectric Project, which was started in 2018. Ironically, electricity supply to the valley is patchy and unreliable.

monsoon remained active over Telangana, bringing heavy to very heavy rainfall across various districts, including the capital Hyderabad. On Saturday, Hyderabad witnessed heavy waterlogging in some parts of the city, leading to disruption in traffic. Narayanpet witnessed particularly heavy rainfall at isolated spots, while Mahabubabad experienced significant downpours across most areas. Additionally, Warangal, Bhadradri Kothagudem, Khammam, Mahabubnagar, Mulugu, Nagarkurnool, Suryapet, and Wanaparthy were impacted by isolated showers of varying intensity.

India's financial capital recorded 11,628 property registrations in the month of August, marking a 7% on-year increase in deals. The robust performance helped the state exchequer collect over Rs 1,061 crore, reflecting a 31% rise in revenue, according to data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. The city’s consistent sales momentum has been driven by sustained buyer confidence, surpassing 10,000 units in monthly registrations for the first eight months of 2024. This marks eleven consecutive months of annual growth since August 2023.

₹54,999), and while it’s all about achieving near-pristine air quality levels, it’s also the most refreshing take on air purifier design I’ve seen in a long while. Call it a homage or inspired design, the Hive takes several cues from the ‘Aluminum era’ industrial design of Apple products, most notably the ‘cheese grater’ Mac Pro – the use of aircraft grade aluminum in a familiar space gray color, for instance. It’s a gorgeous piece of kit, looking quite at home in my living room, although it may be too industrial for classic/vintage home décor.

sugar stocks listed on the BSE, 35 closed higher on Friday. Shares of Triveni Engineering jumped 8.6%. EID Parry, Balrampur Chini, Shree Renuka Sugars, Dalmia Bharat Sugar, DCM Shriram, Avadh Sugar & Energy and Dhampur Sugar Mills gained between 1.9% and 7.5% on Friday. The government's notification removes the limit that exists on the diversion of sugar for ethanol production. «Since ethanol is a high-yielding product, this removal of cap would help the sugar mills and distilleries to manufacture more ethanol and improve their revenue mix directly, which will improve cash flows and stabilize the sugar industry,» said T Manish, research analyst, Samco Securities.

equity indices closed at all-time highs on Friday tracking continued gains in the rest of Asia, the market ending on a positive note in August after witnessing sharp swings for most of the month. The Nifty gained 0.3%, or 83.95 points, to close at 25,235.9. The Sensex rose 0.3%, or 231.16 points, to close at 82,365.77. Analysts expect the indices to gain up to another 2% on technical factors but warn against betting on one-sided moves in the near term amid continued concerns that parts of the market might be overheated. The outcome of the rate-setting meetings of US Fed and the Bank of Japan scheduled in September will determine the market direction next month.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.