Sustainability Financial News

SME IPO of Ganesh Green Bharat, which closed on Tuesday, received strong response from investors across categories. The company is likely to finalise the share allotment process later today or tomorrow. Investors can check the status of Ganesh Green Bharat IPO allotment by logging in to the official website of the registrar, which is Link Intime India in this case. Follow the step by step process mentioned below to check the status of allotment.

Piramal Capital & Housing Finance raised its maiden dollar syndicated social loan of $100 million (₹835 crore). The entire loan is pre-funded by Standard Chartered Bank and the foreign lender is expected to syndicate the loan in the next few months. The loan has a three-year maturity, and it is benchmarked to the three-month secured overnight financing rate (SOFR) plus 200 basis points. The prevailing SOFR is 5.3%. «Through this loan, we are trying to tap the overseas market and since a large part of our financing gels well with the social theme, this loan is the first of many to come,» a Standard Chartered Bank official said on condition of anonymity. «All highly-rated NBFCs have to start looking at some amount of financing from the international markets and this route is expected to pick up pace. In fact, there is a lot of global investor appetite for ESG space.»

₹2 lakh per year to ₹5 lakh to add momentum to housing demand.- Long-Term Capital Gains: Bring long-term capital gains at 10% on par with equity shares.- Municipal Charges: Exclude municipal charges from the purview of GST.- GST Reduction: Reduce GST on under-construction properties to make homes more affordable.- Redefine Affordable Housing: Broaden the definition of affordable housing to expand the benefits for homebuyers, thereby boosting end-user demand.- Interest Subsidy: Provide an interest subsidy for first-time homebuyers to boost sales in the real estate sector.- Introduce tax exemptions for rental income to encourage greater investment in residential real estate.4. Industry Status & Budgetary Support:- Industry Status: Grant “Industry" status to the housing sector to incentivize growth and attract significant investment.- Budgetary Allocation: Allocate funds from the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund in the upcoming union budget for FY 2024-2025 with relaxations, including allowing input tax credit under GST and providing incentives for rental housing to achieve the housing-for-all targets.By addressing these expectations, the industry will not only drive growth in the real estate sector but also stimulate demand in various ancillary industries, thereby boosting job creation across these sectors.Overall, the hope is for policy measures that foster sustainable growth and address key challenges facing the industry in the upcoming budget.The author, Pramod Kathuria is Founder and CEO of Easiloan.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before

Mumbai's island city received an average of 47.93mm of rainfall in the 10-hour period ending at 6pm on Monday, while the figure was 18.82 mm and 31.74 mm for eastern and western parts of the metropolis, respectively. «In the 24 hour period ending at 8 am, Mumbai's island city recorded an average rain of 115.63 mm, Eastern Mumbai 168.68 mm and Western Mumbai 165.93 mm rainfall.

, the market's momentum largely hinges on the actions of domestic institutional investors (DIIs) and the proposals in the upcoming Budget. FIIs net sold ₹146.29 crore worth of equities between 1 January and 2 July, while DIIs were net buyers, pouring in a staggering ₹2,40,627.19 crore during this period.

Tata Realty & Infrastructure has secured a loan worth Rs 825 crore loan from the World Bank Group member International Finance Corporation (IFC) for the strategic refinancing of Ramanujan Intellion Park in Chennai. This financing is a part of Tata Realty's broader commitment to advance its sustainability efforts and elevate the standard of green commercial spaces across India. The funds will further integrate state-of-art sustainable technologies and practices at this flagship asset, which boasts a total leasable area of approximately around 4.67 million sq ft of IT/ITES commercial office spaces.

banks to find ways to bridge the gap between credit and deposit growth and reduce credit-deposit ratio, raising concerns over the persistent higher credit growth than deposit mobilisation which could pose a risk in business sustainability. The central bank Governor Shaktikanta Das held a meeting with the heads of public sector banks and select private sector lenders Wednesday where he spoke about high credit-deposit ratio, the resultant liquidity risk management challenges, trends in unsecured retail lending as well as cybersecurity and third-party risks and the need for improving customer services. He also highlighted the importance of further strengthening the governance standards, risk management practices and compliance culture in banks.

The Association says Big tech companies should be forced to pay compensation to victims of fraud on the basis of the ‘polluter pays’ principle. The lobby group has also been increasingly vocal on the reimbursement rules set to be introduced by the Payment Systems Regulator which have set a maximum mandatory refund by banks for APP fraud victims to £415,000.

The Cardano Foundation, in collaboration with the Crypto Carbon Ratings Institute (CCRI), has released a set of sustainability indicators designed to comply with the Markets in Crypto-Assets (MiCA) regulation in the European Union.

Zhejiang province on China’s eastern coast, two mounds of discarded cotton clothing and bed linens, loosely separated into dark and light colours, pile up on a workroom floor. Jacket sleeves, collars and brand labels protrude from the stacks as workers feed the garments into shredding machines. It’s the first stage of a new life for the textiles, part of a recycling effort at the Wenzhou Tiancheng Textile Company, one of the largest cotton recycling plants in China. Textile waste is an urgent global problem, with only 12% recycled worldwide, according to fashion sustainability nonprofit Ellen MacArthur Foundation. Even less — only 1% — are castoff clothes recycled into new garments; the majority is used for low-value items like insulation or mattress stuffing.

Asia is the economic engine of the world. Population growth, urbanization and industrialization are on the rise. But the region also faces a stark reality: achieving sustained economic development with the least amount of carbon emissions requires a monumental shift in energy production and consumption.

We have a variety of Market Focus events in the second half of the year covering Global Equities, Sustainable & Impact, Fixed Income and Private Markets. These convenient events provide a fantastic opportunity for busy researchers, analysts and selectors to hear from a number of expert managers in one place, in just half a day out of the office.  We are also delighted to announce the sponsors for our popular flagship event – Funds to Watch Autumn. Aegon, Baillie Gifford, BakerSteel, Comgest, Fiera, Impax Asset Management, Janus Henderson Investors, Marlborough, PGIM, Pinebridge, Premier ...

Domestic markets faced selling pressure for a second straight day on Thursday. However, a recovery in the last hour helped the indices to close flat. «Overall strength is seen in the market as every dip is being bought, supported by strong domestic flows aided by FIIs buying in the last few days,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

Shiba Inu (SHIB) has recently become the best-performing meme coin in the market with its price surge. This remarkable turnaround comes after a significant surge in its burn rate and market value.

₹3 lakh to ₹4.8 lakh per annum, and for LIG from ₹6 lakh to ₹9.2 lakh per annum, aligning with Consumer Price Index (CPI) adjustments. These revisions are crucial to ensure the relevance and accessibility of housing schemes. Expand affordable home dimensions: Current size limits for EWS and LIG homes are inadequate for dignified living.

two officials said. Allocations to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) are likely to be similar to estimates in the interim budget, one of the two officials said. "These allocations can be increased later as per the requirement and demand for jobs in the rural regions," the person said on the condition of anonymity.

urban local body in India and fourth in the world to unveil a climate budget for FY25 and earmarked ₹10,224 crore to fight climate change. In January this year, the Solapur Municipal Corporation prepared its own climate change action plan that included a detailed vulnerability assessment and greenhouse gas emissions inventory as well as causes and mitigation. Later in February, Vadodara Municipal Corporation raised ₹100 crore by issuing Asia's first certified green municipal bond for sustainable water infrastructure.

Britain’s new Treasury chief says the Labour government will make stimulating economic growth its mission while limiting bureaucracy to allow for easier investments

Budget 2024: With anticipated economic growth and energy transition, India’s power sector is at the forefront of the government’s focus. The country aims for 500 GW of renewable energy by FY30 and 85 GW of additional thermal capacities by FY32. ET looks at the challenges and budget wish list of the sector. State of Play India’s current installed power capacity is 444.75 GW of which 54.6% is thermal, while the rest are clean sources of energy.

Mint’s requests for a comment, Lal Sweets’ managing director Prateek Athwani declined to comment on the developments. Founded by Athwani, the Bengaluru-based company has exposure across general trade, modern trade, online marketplace, exclusive airport outlets and the export market. Lal Sweets is known for its ‘signature products’ such as Mysore Pak, Besan Laddoo, Kaju Katli and Dharwad Peda, as per the company’s official website.

Singapore, July 11: Greta Minerals PTE Ltd, part of the Greta Group – a Singapore based company has successfully acquired Lithium and REE (Rare Earth Elements) exploration assets in Western Australia. This marks a significant milestone in Greta Groups’ growth strategy, enhancing its portfolio and expanding its operational footprint in Australia.