Sustainability Financial News

Realty developer TARC Ltd has appointed Arabian Construction Company, headquartered out of Abu Dhabi, UAE, as the principal contractor for its luxury residential developments, TARC Kailasa, located in Central West Delhi and its upcoming development TARC 63A located in Gurugram. TARC Kailasa is 2.80 million square feet luxury residential development spread across five 40-storey towers. TARC 63A Gurugram is an upcoming project, estimated to have more than 1.80 million square feet of luxury residential development spread across five 45-storey towers. “As we move forward in our journey of developing world class luxury residential projects in New Delhi and Gurugram, we are forging partnerships with the best in the world. Arabian Construction Company is known to efficiently deliver high quality developments across their 50 years of experience with the highest standards of safety, sustainability and professionalism besides specializing in construction of high-rise buildings. We want to bring the best consultants and engineers for our customers to deliver nothing less than the best,” said Amar Sarin, Managing Director & CEO, TARC Ltd.

What do you do when you travel in a chauffeur-driven Bentley but want to be known as the green king

Viksit Bharat in the full budget. Overall, the Budget 2024 has been an inclusive one, listing out nine priority areas. In fact, inspired by Prime Minister Narendra Modi’s vision, FICCI’s four priority areas, namely manufacturing (Make in India), farm-led growth, women-led development and sustainability, closely mirror the thrust areas highlighted in the budget.

₹1 crore. But exemptions must go. A new comprehensive economic framework for next-gen reforms is on its way, Sitharaman said.

Wall Street's main indexes ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to the latest earnings from Alphabet and Tesla . The duo kicked off results from the so-called Magnificent Seven stocks after the market closed, with both recording positive revenue numbers for the second quarter,

finance minister in India's history to present seven consecutive Union budgets, finance minister Nirmala Sitharaman had the momentous task of addressing multiple areas such as rural demand, infrastructure development, manufacturing, technology upgradation, among others, to build levers for sustainable growth for the Indian economy-underpinned by an overall focus on boosting consumption and spending.

reform' has an interesting backstory. Originating from the Latin 'reformare' — 'to form again' — it essentially means giving things a makeover. It entered English through Old French in the 14th c, initially focused on moral and religious matters, and took the spotlight during the 16th c. Protestant Reformation. Nowadays, 'reform' is our go-to for fixing political, economic, social and educational systems because things break, get outdated or just mess up.

maritime innovation, sustainability and economic growth. Shipping reforms are expected to generate significant employment opportunities and strengthen India’s maritime capabilities

rural economy, is expected to pick up in the hinterland after Finance Minister Nirmala Sitharaman’s Budget announcements on Tuesday. Executives said rural sops, increased focus on infrastructure and job creation will lead to higher demand in the hinterland, which contributes well over a third to overall sales of fast moving consumer goods.

Nifty ended the Budget day trading session 30 points lower on Tuesday to form a bullish hammer type candle pattern, signalling that bulls are trying to stage a comeback from lower levels. The short-term trend of Nifty remains negative with high volatility. Emergence of sharp buying and the formation of a positive candle pattern on Tuesday is signalling the occurrence of a bullish reversal pattern in the coming sessions. A sustainable move above 24,650-24,700 could open the next upside towards 24,850-24,900 levels in the near term. Immediate support is at 24,100 levels, said Nagaraj Shetti of HDFC Securities.

fire that broke out on July 19 on a merchant navy ship off the Karwar coast has been doused and efforts are underway to ensure the affected vessel remains in deep sea considering the grave threat posed to the coastline, the Coast Guard said on Tuesday. «The vessel is presently 13 nautical miles west of New Mangalore and heading towards open sea,» the ICG stated in a release.

Abu Dhabi-listed Phoenix Group has launched a new 25-megawatt cryptocurrency mining facility in Willamette, South Carolina.

HIVE Digital Technologies has announced plans to construct a 100-megawatt Bitcoin mining facility in Paraguay, marking its first venture into the country.

AI) is probably one of the last things a growing, lower-middle-income economy needs, said the Economic Survey.

HUL, Bajaj Finance, Suzlon Energy, Federal Bank, Gensol Engineering among others will be in focus due to various developments and quarterly earnings HUL, Bajaj Finance

jobs is a key takeaway from the Economic Survey; another highlight is the conservative approach to growth expectations.

Economic Survey 2023-24 said there is a need for nearer-term goals for human welfare, rather than just one larger, longer-term target for global climate management. It has also suggested a diversified approach for energy transition with the integration of renewables, alongside exploring nuclear energy and biofuels, wherein thermal power would provide the base-load to support largescale deployment of renewables.

Railways has increased by 77 per cent over the past five years with significant investments in the construction of new lines, gauge conversion and doubling, the Economic Survey 2023-24 said on Monday. According to the survey tabled in Parliament by Finance Minister Nirmala Sitharaman, in the financial year 2019-2020, the capital expenditure was 1.48 lakh crore which was increased to ₹2.62 lakh crore in 2023-24.

MUMBAI : Kotak Mahindra Bank Ltd’s reported profit jumped sharply during the first quarter of FY25 (Q1FY25), thanks to its insurance arm stake sale. Standalone net profit rose as much as 81% year-on-year to ₹6,250 crore, aided by an exceptional gain after the bank divested 70% stake in Kotak General Insurance to Zurich Insurance. Excluding the stake-sale gains, the bank’s net profit stood at ₹3,520 crore.

Economic Survey FY24, prepared by the Department of Economic Affairs, cast worries over artificial intelligence possibly impacting workers across skillsets and thereby affecting India's economic growth rate.