Sustainability Financial News

European Championship on Tuesday. The match pits one of the highest-scoring teams at the tournament against one of the lowest as France's star forward Kylian Mbappe has struggled to get to grips with his mask. Kickoff is at 9 p.m. local time (1900 GMT) in Munich. Here's what to know about the match: Match facts — The winner will play England or the Netherlands in the final on Sunday in Berlin. Their semifinal is on Wednesday.

consumer behaviour, presenting a wealth of opportunities for investors. Consider the automotive industry: 60% of car registrations in India in FY24 have been SUVs, highlighting a preference for higher-end vehicles offering status and comfort. In the two-wheeler segment, growth is driven by demand for power bikes Similarly, metropolitan real estate markets, particularly in Mumbai, NCR, Bangalore, and Chennai show a rise in demand for luxury properties India's luxury housing market is thriving, as it recorded a 10 per cent year-on-year (Y-o-Y) growth in sales during the first quarter (Q1) of 2024.

The State of Fashion 2024, 75% of Gen Z aged 11-26 consumers consider sustainability when making purchases. In India, thrifting began humbly in friends' homes, where clothes were piled on to beds and sifted through together. Garage sales and informal swaps were also known, but weren't a popular concept.

Coal India unit Northeastern Coalfields (NECIL) which is operating one coal mine in Margherita sub-division in Tinsukia district, is making efforts to increase production from two lakh metric tonnes to 15 lakhs tonnes per annum. The Chairman & Managing Director of Coal India Limited (CIL), PM Prasad, and his team of senior officials called on the Chief Secretary, Ravi Kota at his Office chamber in Lok Sewa Bhawan, Guwahati. The Chief Secretary during interaction, reviewed the progress of the ongoing projects of NECIL in Assam. Kota highlighted that the Assam Government under the leadership of the Chief Minister, Himanta Biswa Sarma is keen on developing Assam as a sustainable and environmentally clean source of coal for relevant industries to reduce import of coal and to help in employment generation. The government is also exploring ways to maximize exploration and utilisation of the coal resources to accelerate economic growth, he said. At present, one coal mine in Margherita sub-division in Tinsukia district, under NECIL is actively extracting coal with an annual production of two lakh metric tonnes of coal. The production is likely to increase to three lakh tonnes per annum very soon and efforts are being undertaken to expand the same to 15 lakhs tonnes (1.5 Mn tonnes) per annum.

pre-Budget rally that has seen Sensex and Nifty touch unclaimed peaks this week may not sustain in the run-up to the D-Day, according to historical market trends ahead of the Budget. “If history were to repeat, we should see a dip prior to the Budget announcement. So history advises traders not to chase prices higher this week,” says Anand James, Chief Market Strategist, Geojit Financial Services.

RBI. To achieve India’s ambitious growth objectives and fulfil India’s Nationally Determined Contributions, green finance is imperative. Climate risk disclosure frameworks work in complement with policymaking to support India’s net-zero target and are also pivotal in guiding companies and investors to navigate the opportunities and risks posed by climate change. The introduction of the disclosure framework is a laudable first step, signalling a concerted effort towards addressing climate risks and fostering climate action within the financial sector. These disclosures are poised to accelerate the evolution of Environmental, Social, and Governance (ESG) considerations in financial markets. Modelled on global standards like the Task Force on Climate-related Financial Disclosures (TCFD), they promise interoperability of data (especially relevant for companies operating globally) and reduce operational burdens for banks. Moreover, they foster a level playing field not only for comparison within the domestic financial system but also internationally.

Small businesses will launch over 3200 new products on Amazon across categories like home and kitchen, fashion and grooming, jewelry and handmade products on Prime Day on July 20 and 21 this year. A host of small businesses will be participating in the shopping event on Amazon. “During the two days of the event, sellers will not only get a massive boost in the visibility of their products and brands but also directly access Amazon’s vast customer base across India, spanning 100% of serviceable pin codes. Through such shopping events, our aim is to enable small and medium businesses to embrace the power of e-commerce and unlock new avenues for their success, fostering a vibrant online marketplace that contributes to the larger economic growth of India,” Amit Nanda, Director, Selling Partner Services, Amazon India said in a statement. Small and medium businesses can leverage a robust suite of tools and features available on Amazon to gear up for Prime Day 2024. A streamlined self-service registration process makes it easy for sellers to get started on the Amazon marketplace, with multi-language support, easy registration and invoicing. Sellers can use the Sale Event Planner to opt-in and offer great deals during Prime Day.

Hurricane Beryl is roaring toward Jamaica as islanders scramble to make preparations after the powerful Category 4 storm earlier killed at least six people and caused significant damage in the southeast Caribbean

Bihar is planning to introduce a few policies in the next 2 months to attract capital in various potential sectors and is poised to become the growth engine of the East, State Industries and Tourism Minister Nitish Mishra has said. The state is implementing strategic measures to suit both large and small businesses in order to promote industry and employment, aligning with Prime Minister Narendra Modi's vision to develop East India as a growth engine, he said. «Bihar is ready to participate in the country's development and become the growth engine of the East,» Mishra said on the sidelines of Bihar Business Connect 2024 first roadshow in Kolkata on Monday. Over 50 companies represented by some nearly 90 officials and industrialists attended the event.

Alphacorp has entered into a joint venture to develop a luxury residential project in Gurgaon, with an investment of Rs 350 crore. The company will develop 500,000 sq ft on two 2 land parcels — one 2.38 acre and another 2.36 acre. There will be 29-floors and the company will develop 200 units, expecting a revenue of Rs 600 crore.

Nykaa recently outlined a breakeven plan for the fashion segment, which posted an Ebitda loss of ₹101.6 crore in FY24. The company has guided to break even at the Ebitda level by FY26 and clock a mid-single-digit margin in FY27, helped mainly by growth in brand assortment and advertisement revenue.

ONGC Videsh Ltd (OVL), the overseas arm of state-run explorer Oil and Natural Gas Corp. (ONGC), is raising $800 million through a five-year loan from three domestic banks, people familiar with the matter said. The loan is likely to be priced at 120 basis points above the three-month international benchmark Secured Overnight Financing Rate (SOFR), the people said. «Three banks, state-owned Bank of Baroda (BoB), private sector Axis Bank and Singapore-based DBS Bank are the mandated lead arrangers for this loan which is now being syndicated to other banks. Bankers will go on a roadshow to Singapore and Taipei later this month to broaden the scope of lenders in this deal,» said one of the persons cited above.

India Inc. has responded favourably to the government's initiative, acknowledging that adopting ESG principles is beneficial for compliance but also enhances long-term business sustainability. Numerous Indian companies are now prioritising initiatives to decrease their carbon footprint, promote social equity, and strengthen governance frameworks. However, these companies must now actively develop capabilities for adjusting to new reporting norms and occasionally realigning their business strategies says advocate Jatinder (Jay) Cheema who serves on the US-India Gas Task Force constituted by the Department of Energy, United States, along with the Ministry of Petroleum and Natural Gas, Government of India. How do you see the Indian government’s push for the ESG and India Inc.’s response to the same?

A post shared by NASA Artemis (@nasaartemis)The photo, clicked by astronaut Matthew Dominick, shows a crescent moon above the Earth's atmosphere. He described it as "A sliver of a moon rises out of noctilucent clouds and appears to look towards the horizon awaiting the imminent sunrise."Dominick is the commander of NASA and SpaceX's Crew-8 mission which launched to the ISS on 3rd March 2024.

June against Rs 13,316.81 crore in the corresponding month last year, an improvement of about 11.12 per cent, according to a statement.«During the month of June 2024, originating freight loading of 135.46 MT has been achieved against loading of 123.06 MT in June 2023, which is an improvement of approx 10.07 per cent over the last year,» the Railway Board said in the statement. It added that freight revenue of «Rs 14,798.11 crore was achieved in June against Rs 13,316.81 crore freight earnings in June 2023, thereby showing an improvement of about 11.12 per cent over the last year». The railways achieved loading of 60.27 MT in coal, 8.82 MT in imported coal, 15.07 MT in iron ore, 5.36 MT in pig iron and finished steel, 7.56 MT in cement, 5.28 MT in clinker, 4.21 MT in foodgrain, 5.30 MT in fertiliser, 4.18 MT in mineral oil, 6.97 MT in containers and 10.06 MT in balance other goods during June this year, according to the railway ministry.

Meatyard began the role on Wednesday (10 July), according to a LinkedIn post. She joins directly from abrdn, where she worked as a senior ESG investment analyst, having started out at the firm in 2021. abrdn: The journey from Europe's second-largest fund manager to the FTSE 250 She previously worked at FE fundinfo as an analyst for just over four years, following on from her participation in its graduate scheme. Meatyard also had an 11-month stint at Hymans Robertson as an investment research associate. The research director was a judge at Investment Week's Sustainable Investment A...

Nifty ended Monday’s session flat amid non-directional activity, indicating indecisiveness between bulls and bears and formed a Doji-type candle on the daily chart. The short-term trend of Nifty continues to be positive. There is a possibility of continuation of this range movement for the next 1 or 2 sessions before witnessing further up move above 24,400 levels. A sustainable move above the key hurdle of 24,400 levels could open a sharp up move for the market ahead, said Nagaraj Shetti of HDFC Securities.

China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics

American Airlines says a smoking laptop in a passenger’s bag prompted an evacuation on one of its flights headed to Miami from San Francisco International Airport

₹24.87 trillion, weighed by a fall in corporate and wholesale loans. Total deposits were flat quarter-on-quarter at ₹23.79 trillion. The mismatch in credit and deposit growth has been plaguing the sector for a while now.

Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased by 19% in FY24. This was nearly the same as the 20% compound annual growth rate (CAGR) recorded during FY21-23, but a significant improvement from the -1.6% CAGR during FY19-21 The analysis is based on a common sample of companies for which data has been available for the last six years. The data excludes BFSI (banking, financial services, and insurance) and IT services.