Sustainability Financial News

Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the expansion of Agricultural Infrastructure Fund (AIF). To enhance and strengthen the agricultural infrastructure in the country and support the farming community, the Government has announced a series of measures to expand the scope of Agricultural Infrastructure Fund (AIF) scheme, said Centre in a press release. Viable Farming Assets: To allow all eligible beneficiaries of scheme for creation of infrastructure covered under 'viable projects for building community farming assets'.

Union Cabinet has approved the development of 12 new industrial smart cities under the National Industrial Corridor Development Programme. Union Minister Ashwini Vaishnaw announced that the projects, worth ₹28,602 crore, aim to transform India's industrial landscape. 12 new industrial smart cities: Here are the cities names

Both funds closed on 8 August, and had become too small to be commercially viable, the firm told shareholders in two respective letters. Regarding the China A Share Equity fund, abrdn said the vehicle had experienced outflows and a «gradual decline» in its net asset value down to around £8.2m as of 29 February. This had fallen further to £5.7m as at 31 July, according to the fund's factsheet.  Fidelity closes UK-domiciled Sustainable Water & Waste fund after less than five years «Small funds face a number of operating difficulties as they are unable to benefit from economies of ...

Many women in the central African nation of Chad are excluded from owning or having a say over the land they spend long hours working

Balu Forge Industries, which manufactures crankshafts and forged components, have rallied by over 1300% in the last 2 years. In just the last six months, the stock has delivered impressive multibagger returns of 250%. Last week, it rallied 33%, though it experienced some profit booking in Monday’s session, falling by 1.5%.

The focus of market players and borrowers has turned towards monetary policy in the US, particularly the two questions of when and by how much will its central bank, the Federal Reserve, cut the US Fed funds rate. Anticipation of imminent cuts rose after the Jackson Hole huddle of central bankers and economists, an occasion that market participants across the world were watching for cues.

«Clean beauty,» the idea of promoting healthy and environmentally friendly beauty products, is all the rage online and in big-box stores

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Unified Pension Scheme (UPS), that assures a pension of 50% of the salary for those who joined the service after January 1, 2004, under the National Pension System (NPS). This new scheme will take effect from April 1, 2025. NPS subscribers now have the option to switch to the Unified Pension Scheme (UPS), which provides this assured pension starting from the next financial year. The government's plan to transform NPS came against the backdrop of several non-BJP states deciding to revert to the DA-linked Old Pension Scheme (OPS) and employee organisations in some other states raising demand for the same. Here's how UPS, NPS, and OPS will stack up;

The energy transition challenge, often presented as a singular issue of greening our energy sources, is far from a one-dimensional problem. As with all public policy situations, the challenge is not amenable to a well-defined problem statement or an elegantly crafted solution. Two recent stories underscored the complexity of the task at hand.

Fast-fashion giant Shein says it has discovered two cases of child labor in its supply chain last year

Danfoss India, a leader in heating, ventilation and air-conditioning, is witnessing robust growth in the domestic market and is confident of doubling sales by 2025, a top official has said. The subsidiary of the Denmark-headquartered company said the Indian market is the fastest-growing region for the Danfoss Group with strong double digit growth in H1 driven by increasing opportunities in energy efficiency and electrification. Danfoss Group's sales amounted to Euro 5 billion and a half-year EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of EURO 533 million corresponding to an EBITDA margin of 10.6 per cent, as against 12.4 per cent last year.

Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech in Jackson Hole, Wyoming

Mint. The startup sought a valuation of more than $300 million compared with about $76 million in the previous round, the people said. “Minimalist also approached L Catterton, but the US-based private equity firm did not proceed with the discussions," one person said.

industrial revolution with its new biomanufacturing policy designed to tackle food, energy and climate challenges, officials said on Sunday. Approved by the Union Cabinet on Saturday, the BioE3 policy for fostering high-performance biomanufacturing aims to boost innovation and entrepreneurship in different fields. High-performance biomanufacturing involves the production of products ranging from medicine to materials, tackling farming and food challenges, and promoting the manufacturing of bio-based products through the integration of advanced biotechnological processes. Laying the foundation of the BioE3 policy, Finance Minister Nirmala Sitharaman in the Interim Budget had announced «a new scheme of bio-manufacturing and bio-foundry» to provide environment-friendly alternatives such as biodegradable polymers, bio-plastics, biopharmaceuticals and bio agri inputs.

https://www.livemint.com/companies/news/adani-family-looks-to-raise-3-6-bn-via-sales-of-promoter-stakes-as-shares-of-group-firms-skyrocket-11724340339603.html The group’s financial health is evident from the improving liquidity position: the cash balance relative to gross debt increased to 24.8% in 2023-24 from 10.6% in 2018-19, indicating a comfortable cash cushion to meet debt obligations. The net debt-to-operating profit ratio eased from 3.81 times to 2.19 times, reflecting enhanced capacity to manage debt with operating income.

climate change and the green imperative. Joshi, who is the Union minister of new and renewable energy, and consumer affairs, food and public distribution, will dwell on the most difficult challenge of our times, and how the quick adoption of renewable energy sources are critical to meet this challenge. He will also speak on the government’s renewable energy targets and net-zero ambitions.

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BJP) is targeting political gains from government employees by offering a Unified Pension Scheme (UPS) that includes a 50% salary as pension and inflation adjustment, countering the Congress's promise of a return to the unfunded Old Pension Scheme (OPS), a ToI report said on August 25. This move comes ahead of key assembly polls in Haryana, Jammu and Kashmir, Maharashtra, and Jharkhand. Recently, some government employees were influenced by Congress's OPS promise, particularly in Himachal Pradesh, said the report (by Akhilesh Singh). Government cadres have traditionally been a solid vote bank for the BJP, especially in Delhi, where elections are imminent in February. However, the demand for restoring OPS was leveraged by Congress in recent state elections to challenge the BJP. This tactic appeared effective in Himachal Pradesh, a state where government employees have significant influence. Despite this, BJP managed to win both Lok Sabha and assembly polls in Madhya Pradesh without much damage from the OPS issue. The dissatisfaction among some government employees was noticeable during the Lok Sabha polls, although it was less pronounced than in state elections. Observers suggested that this discontent could be influential in upcoming election battles.

Inter Miami will be playing FC Cincinnati on Saturday evening as top ranked teams of Major League Soccer (MLS) will go head to head. Lionel Messi will miss the match as the Argentina football legend has nursing an injury. Inter Miami are leading the MLS chart after earning 53 points from 25 games. FC Cincinnati are at the second position with 48 points from 25 matches. The teams' all-time head-to-head is tied at 4-4-2, though Inter Miami hasn't beaten Cincinnati since 2021. Inter Miami versus FC Cincinnati football game is scheduled to kick off at 7.30 pm (ET) at Chase Stadium on August 24. One cam watch the Inter Miami and FC Cincinnati's match on MLS Season Pass on Apple TV.