Sustainability Financial News

tropical storm Hone, Hurricane Gilma and one disturbance may hurtle towards the island. Tropical Storm Hone was expected to deliver strong winds and heavy rain to Hawaii this weekend, particularly to the Big Island and Maui, as it passes south of the island chain. A tropical storm watch was in effect Friday for Hawaii County, which includes all of the Big Island, according to the Central Pacific Hurricane Center in Honolulu.

Amazon, Jeff Bezos bought a Gulfstream G700, a high-end business jet built by Gulfstream Aerospace that is regarded as one of the biggest and most sophisticated private aircraft in the world, last month. He owns an $80 million private jet. According to reports, Bezos purchased a Gulfstream G700, which is regarded as the world's most sophisticated luxury business jet. Twenty panoramic windows and a whisper-quiet cabin with 100% fresh, plasma-ionized air replenished every two to three minutes are two more features of the G700. The G700 blasted off from Ibiza last Sunday. Also Read: Reacher season 2 DVD, Blu-ray, 4K release date: What we know so far

Starbucks has devoted itself to promoting its environmentally conscious credentials with considerable time and resources, and anyone who has ever had the misfortune of spending a few minutes browsing the company's website could reasonably assume they had unintentionally ended up on the Greenpeace homepage. The CEO of Starbucks mocks the green logo used by the company.

Earlier this month (8 August), Reeves asked her office to «respond quickly to an industry consultation on a new regulatory regime for ESG rating providers and bring forward legislation next year», a Treasury spokesperson said.  Since taking charge of Britain's purse strings, Reeves has expressed a desire to «drive more investment and cement the UK as a world-leader in sustainable finance», the Treasury said, with the lack of transparency behind ESG ratings top of the chancellor's list of priorities.  The case for clarity  «The aim of increasing transparency is something that I can f...

M3M India on Friday reported a 37 per cent increase in sales of residential and commercial properties in the June quarter to Rs 3,911 crore on strong demand. Its sales bookings stood at Rs 2,854 crore in the year-ago period. Out of total sales bookings in the April-June period of the current fiscal, Rs 2,972 crore pertained to the housing segment and Rs 940 crore to commercial properties, the company said in a statement. During the first quarter of this fiscal, M3M India said the total sales bookings in Gurugram stood at Rs 2,415 crore, while Noida projects contributed Rs 402 crore. Sales of residential plots at Panipat in Haryana were Rs 1,094 crore.

Sheetal Thamby has issued a legal notice to Manju Warrier, accusing the actress-producer of negligence on the set of the film 'Footage', which allegedly led to Sheetal sustaining severe injuries. According to the reports by Asianet News, the notice demands Rs 5 crore in compensation for the physical and financial toll resulting from the incident. Sheetal, who also served as an assistant director on the film, was injured while performing a fight scene in the Chimmini forest area. The legal notice claims that multiple takes of the scene were required, and the absence of proper safety measures contributed to the injury. Despite the seriousness of her condition, Sheetal alleges that the production company, Movie Bucket, failed to provide adequate medical attention, forcing her to undergo surgery at her own expense. So far, the company has only provided Rs 1.80 lakh in installments, leaving her financially burdened and unable to work. Ranjith Marar, Sheetal's lawyer, emphasised that there was no ambulance or basic medical facilities available on set, which worsened her situation. He also pointed out that Sheethal was made to perform the stunt herself—a task generally assigned to stunt doubles—leading to a significant escalation of her injuries. Despite her direct pleas for assistance and her participation in the film’s promotional activities, Sheetal claims that the promised compensation was never delivered, compelling her to take legal action against Manju Warrier and Bineesh Chandran of Movie Bucket.

Powdr Corp. is selling Vermont’s Killington Resort and Pico Mountain, the largest mountain resort in New England, to a group of local passholders

Cruise’s trouble-ridden robotaxis are on the road to joining Uber’s ride-hailing service next year as part of a multiyear partnership bringing together two companies that once appeared poised to compete for passengers

Power Finance Corp (PFC) has committed about ₹21,000 crore toward helping build India's largest ever container port, the Vadhavan Port along the western coast, people aware of the development told ET. The big-ticket sanction comes almost two months after the union cabinet's approval of the ₹76,220-crore mega port project to be developed at Palghar district in Maharashtra. The project is to be developed by the Vadhavan Port Project Ltd, a special purpose vehicle formed by the Jawaharlal Nehru Port Authority and the Maharashtra Maritime Board. Prime Minister Narendra Modi is likely to visit Maharashtra on August 30 for its foundation stone laying ceremony.

Audi. Balbir Singh Dhillon, head, Audi India, said while the company is considering introducing more electric car models in the domestic market, and exploring the possibility of assembling them locally, policy continuity is required to make investments viable. He emphasised that subsidies are needed to drive growth in the EV segment, «till the time we reach a decent penetration level». «There is no science behind this; it's just a gut feeling that, maybe by the time we reach 50% EV penetration in the luxury space, we need that support (lower GST) and thereafter, it is driven by itself,» he said.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Chetan Singh Solanki has stressed the urgent need for energy conservation and a global shift to renewable energy to tackle climate change. Highlighting the lack of climate awareness among the youth, Solanki advocated for the «Avoid, Minimize, Generate» strategy as key to mitigating the crisis. The IIT professor was speaking at a lecture session hosted by Pandit Ravishankar Shukla University on 'Environment-Friendly Energy Product Startups.' The lecture provided a comprehensive '6-Point Understanding' of climate change, focusing on the challenges and necessary corrective actions. Speaking to TOI on the sidelines of the session, Prof. Solanki said many young people are increasingly unaware of climate change, with some not even discussing the issue. He attributed this to the lack of emphasis or discussion from influential figures in their lives, such as parents, teachers, professors, influencers, and spiritual leaders. Even when climate change is addressed, it is often only at a superficial level, leaving young people with a shallow understanding of the issue.

Realty developer M3M has reported Rs 3,911 crore sale during Q1FY 25, an increase of 37% increase from Rs 2854 crore during the same period last year. In the residential and plot development segment, M3M reported sales of Rs 2028 crore in Gurugram, Panipat and Noida region during the first quarter of FY 2023-24. Its sales during the first quarter of FY 2024-25 increased by 46% increase to Rs 2971 crore. M3M generated Rs 826 crore from its commercial segment during Q1FY 2023-24, which increased to Rs 940 crore this year.

cement industry has lined up a capex of around Rs 1.25 lakh crore for FY25 to FY27 to meet the growing demand, said a report by rating agency CRISIL. During this period, the industry is expected to add 130 million tonne of cement grinding capacity, which is a fifth of the existing capacity. The investment will be driven by healthy demand outlook and the quest for market share, and the low capex intensity and strong balance sheets will keep the credit profiles of the companies stable, the report said. «The projected outlay will be 1.8 times the capex during the past three fiscals, yet the credit risk profiles of manufacturers will remain stable. This is owing to their continued low capex intensity and solid balance sheets with financial leverage sustaining below 1x on the back of strong profitability,» it said.

civil aviation ministry on Thursday announced simplified regulations for seaplane operations, including allowing non-scheduled entities to operate such services and putting in place a simplified certificate process. The relaxed norms are aimed at encouraging seaplane operations under the regional air connectivity scheme UDAN (Ude Desh ka Aam Nagrik). Generally, seaplanes are amphibian aircraft that can take off and land on the sea. Under the relaxed norms of the Directorate General of Civil Aviation (DGCA), there will be no need for a waterdrome license and compliance requirements have also been reduced.

The closure of the fund, which has assets of around £10m, became effective on 15 August. A spokesperson for the firm told Investment Week the vehicle was closed after it became too small to manage cost-effectively. At its peak in December 2021, the strategy managed £82.7m in assets, according to data from Morningstar Direct.  Fidelity brings sustainable water & waste fund to the UK The UK-domiciled version of the fund was launched in December 2019 following the success of the Luxembourg SICAV, which remains open and currently manages $1.2bn in assets.  The SICAV, currently manag...

Axis Mutual Fund has announced the launch of Axis Consumption Fund, an open-ended equity scheme following the consumption theme. The new fund offer or NFO of the scheme will open for subscription on August 23 and will close on September 6. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The scheme will be benchmarked against Nifty India Consumption TRI. The fund will be managed by Hitesh Das, Shreyash Devalkar, and Krishnaa Narayan.

chartered accountant from Vikhroli, Mumbai, after his car inadvertently splashed water on them from a deep pothole near Jan Seva Bank in Keshavnagar, Mundhwa, in Pune around 5.45 PM on Monday. The victim, Yash Manwani, sustained injuries and later lodged a complaint with the Mundhwa police. The incident took place when Yash Manwani, 29, was driving to Keshavnagar to pick up his siblings for Rakshabandhan. Manwani, who hails from Bhopal and lives in Vikhroli, works with a private firm. «I was going to Keshavnagar to pick up my brother and sister on the occasion of Rakshabandhan,» he told TOI. Near Janaseva Bank, his car drove through a deep pothole filled with water, splashing the duo on the bike and two passing pedestrians. The biker chased Manwani's car and kicked its driver's side, prompting him to stop and roll down his window to explain the situation. However, the biker and his pillion rider forced Manwani out of the car and started a quarrel. «I advised them to visit the nearby Keshavnagar police chowkey, but they refused,» said Manwani. The two pedestrians reached the scene, and the four men started to abuse and physically attack him.

Amit Khurana, Head of Equities, Dolat Capital, says a serious outperformance by India from here in the near term, looks a little bit of a challenge. But India remains the best emerging market to play over the next few years. But near term, some normalisation is required to get to healthy market levels and price levels that one can enter.

SME IPO of Forcas Studio received a healthy response from investors as the issue was subscribed to over 400 at close. Post the strong response, the company is likely to finalise the share allotment for the IPO today. Investors, who placed bids for the IPO, can check the status through the registrar or by visiting the NSE website.

Akshay Urja Day on August 20th, it's a great time to take pride in how far India has come in using renewable energy. It is also time to look at how advanced technologies are going to shape our future brighter. This day, marking the birth anniversary of former Prime Minister Rajiv Gandhi, highlights the importance of renewable energy in our journey towards a cleaner, greener planet. Solar Power in Indian Homes India's use of solar energy has grown rapidly.