Sustainability Financial News

CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.Recognised for its global leadership, DBS has been named “World’s Best Bank" by Global Finance, “World’s Best Bank" by Euromoney, and “Global Bank of the Year" by The Banker.

New Delhi: The Energy and Resources Institute (TERI)organized a photo exhibition titled "Coal Dependence: Lives in an Extractive Economy" at its headquarters at the Indian Habitat Centre on July 25 and 26.Thetwo-day exhibition was part of a project “Just Transition: Understanding and the Implications of Moving Away from Coal", supported by the MacArthur Foundation.The exhibition strove to illuminate the lives of communities that are intricately connected to the coal economy, which is at the heart of the just energy transition debate.Through a series of compelling photographs, the exhibition examined the everyday realities of individuals engaged in selling, extracting, and transporting coal which happens in the absence of alternate lucrative means of income. These images highlighted the vulnerabilities faced by these communities as we aspire to transition towards cleaner energy sources.The photo exhibition was inaugurated by Dr Vibha Dhawan, Director-General, TERI, and attended by Mr Ajay Shankar and Mr Jiwesh Nandan, Distinguished Fellows at TERI.

Adani Total Gas Ltd (ATGL), the city gas distribution arm of the Adani Group reported a 14% increase in consolidated net profit for the quarter ended 30 June 2024, helped by improved overall performance. Net profit came in at Rs 172 crore against Rs 150 crore in the June quarter of last fiscal.

Tata International has planned to increase the share of its sustainable leather from 27% of its total production in FY24 to 50% in the next four years.

BluPine Energy on Monday said it has secured Rs 239 crore financial assistance from Tata Capital. The amount will be utilised towards a solar power project in Chhattisgarh, the company said in a statement.

Quad Foreign Ministers on Monday condemned the ongoing attacks perpetrated by Yemen's Houthis against international and commercial vessels transiting through the Red Sea and Gulf of Aden.

Nifty Bank, which has been underperforming in the last few weeks, looks ready for a smart recovery in the short term. «Going forward, a move above 51,500 might induce a decent rally towards 52,500. On the lower end, support is placed at 51,000,» says Rupak De, Senior Technical Analyst, LKP Securities. Edited excerpts: How would you read Friday's rally? It appeared as if traders were waiting for the July series to get over before buying again in the August series. Nifty had a decent rally on Friday following a period of downward consolidation in the previous few sessions. The index sustained above the 21 EMA at closing, setting the stage for solid gains in the near term. Banks, which had not been supportive in the last few sessions, came in with their full support. The sentiment looks apt for a strong rally in the market. Technically, Nifty has made a decisive move above 24,600, which acted as a strong resistance level in the recent past. Going forward, the trend is likely to remain strong as long as it stays above 24,500.

Nifty witnessed a sharp recovery a day after monthly F&O expiry, to close near the all-time high with gains of 429 points or 1.7% at 24,835. The broader market too ended in green, up by more than 1%. The Budget was seen hitting the Realty space in the last week while at the same time mixed reactions through markets gave the final verdict with a new ATH close.

US Treasury Secretary Janet Yellen travelled Saturday to the mouth of the Amazon River, pitching the idea that fighting climate change would bolster economic growth in the region and across the globe.

Bitcoin (BTC), the world’s leading cryptocurrency, has experienced volatility. It struggled to maintain its early-day upward momentum and dipped to $67,624.

₹6,404 crore in the June quarter (Q1FY25), up more than 200% year-on-year. This whopping increase was driven by the launch of the second phase of the luxury project Privana West in New Gurugram. The project was fully sold out, with bookings of ₹5,600 crore.

Coal India Ltd is advancing 119 projects with a capacity of 896 million tonne per year and a sanctioned capital of Rs 1,33,576 crore, the world's largest miner said. These projects, which are at various stages of implementation, are part of CIL's «proactive strategy» to increase production capacity and meet future coal demands, the company said in its latest annual report.

technology, India has a unique human capital advantage to harness artificial intelligence for significant economic and societal benefits. Empowering people with AI skills will be a foundational step in India becoming an AI-first nation.

retail chains such as Reliance Retail, Shoppers Stop and Spencer’s Retail are facing a prolonged slowdown in consumption, pushing them to exit unprofitable markets, raise debt and control costs.

UAE-India CEPA entered into force in 2022, trade between the two countries has grown remarkably by 16.41 percent with total trade growing from $72.87 billion in 2021-2022 to $84.84 billion in 2022-2023, according to UAE Minister of Economy Abdulla Bin Touq Al Marri who was recently in Chennai. In a wide-ranging interview with ET’s Dipanjan Roy Chaudhury, Al Marri mentioned that CEPA has strengthened collaboration to promote startups through exchange of best practices between accelerators, incubators, and other such ecosystem stakeholders

freight rates have soared around 105% in the past three months and a severe container shortage is hurting industries from agriculture to automotive.

GDP growth — calling for more focused policy reforms and budgetary support.

₹10,000, and an additional fine of up to ₹5,000 will be levied—for every day during which the violations continue to occur—on entities found violating the provisions of the law for the first time. In case the violators fail to pay the penalty within 90 days, the act states that they shall be liable for imprisonment which may extend up to three years or pay a fine which may extend to twice the amount of the penalty, or both, as per the existing rules.

Fitch Ratings on Friday said India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit for FY25 and FY26, despite demands of the coalition government. In the FY25 budget, the government has lowered the Centre's fiscal deficit target for the year ending March 2025 to 4.9 per cent of GDP, from 5.1 per cent in February's interim budget.

Neelam Kothari Soni to establish LINK BNK for luxury residential projects and our recently launched entity K-BNK with Kshitij Limaye that expands into workspace & commercial design.By harnessing Dubai's dynamism, we aim to craft spaces that not only reflect the city's essence but also redefine design innovation on a global scale.Our vision for contributing to the design ecosystem in the GCC is rooted in our commitment to excellence and innovation. As we embark on this new chapter, we anticipate various challenges, including navigating cultural nuances, addressing climate considerations, and adapting to regulatory frameworks.

₹1,436 apiece on Thursday, backed by the robust June quarter (Q1FY25) earnings performance. A key highlight was its Ebitda margin which surged to a 23-quarter high of 19.5%. Ebitda, which stands for earnings before interest, tax, depreciation, and amortization, is a key profitability measure for companies.