Sustainability Financial News

An ancient tree from India is now thriving in groves where citrus trees once flourished in Florida, and could help provide the nation with renewable energy

telecom companies, among the fiercest price warriors, have finally seen the light. They are raising tariffs, hoping Indians hooked on to prodigious amounts of data at dirt cheap rates won't be able to kick their browsing habit. It is a calculated gamble by Reliance Jio, Bharti Airtel and Vodafone Idea to raise revenue per subscriber to fund network expansion.

test cricket to six or seven teams and using the 20-overs format as the vehicle to spread the game were some of the views aired at a symposium organised by the Marylebone Cricket Club (MCC) on Sunday. Test cricket's dwindling appeal outside India, England and Australia has coincided with the proliferation of lucrative T20 leagues across the world. Although test cricket at the top level still often produces drama, the brevity and action-packed nature of 20-overs cricket has quickly made it the preferred format for the game's new fans.

Corporate America needs to deliver a blowout quarterly earnings season for US stocks to extend a record-breaking rally, according to some Wall Street strategists.

Budget Expectations: Finance minister Nirmala Sitharaman concluded her customary stakeholder consultations for the Union Budget, meeting more than 120 invitees across 10 stakeholder groups over two weeks till Friday to gather their inputs. Participants included representatives, economists and experts from industry, agriculture, trade unions, education, health, employment & skilling, MSME, trade & services, financial sector and capital markets, infrastructure, energy and urban sector, the finance ministry said in a statement on Sunday. The full Budget for FY25 will be presented on July 23.

Google, which has an ambitious plan to address climate change with cleaner operations, came nowhere close to its goals last year, according to the company’s annual Environmental Report Tuesday

Kerala Government will, in collaboration with IBM, hold a two-day international Gen AI conclave at Kochi from July 11. Chief Minister Pinarayi Vijayan will open the event in the presence of several industry leaders. The event is aimed at advancing AI in Kerala and the rest of India and explore its transformative potential and impact on society and the economy, the State’s Law, Industries & Coir Minister P Rajeeve said.

impact of behavioral biases and emotional decision making. Financial literacy plays a crucial role in decision-making and wealth management. Understanding basic financial concepts, such as compound interest, risk and return, and asset allocation, can empower individuals to make informed decisions and build sustainable wealth over time.

Cardano is a proof-of-stake blockchain platform aiming to bring about positive global change and redistribute power from unaccountable structures to individuals.

Reserve Bank deputy governor Michael D Patra. India, however, will have to overcome various challenges with regard to labour productivity, infrastructure, contribution of manufacturing sector in GDP, and greening of the economy for sustainable development, he said in his address to the officials of the Indian Administrative Service at the Lal Bahadur Shastri National Academy of Administration, Mussoorie. «Given the innate strengths, I described and the resolve to achieve its aspirational goals, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031 and the largest economy of the world by 2060,» he said. The senior RBI official further said it has been estimated that if India can grow at the rate of 9.6 per cent per annum over the next ten years, it will break free of the shackles of the lower middle income trap and become a developed economy.

Hathras claimed the lives of 121 people, the Sub Divisional Magistrate (SDM) of the Sikandra Rao division of the district submitted a prime facie report to the District Magistrate of Hathras on Wednesday. The prime facie report suggests that the stampede occurred as devotees rushed to seek blessing from 'Bhole Baba', the preacher at the religious congregation Satsang, as he was about to leave the venue after the prayer. The preacher 'Bhole Baba' identified as Suraj Pal is also known by the names of Narayan Sakar Hari and Jagat Guru Vishwahari.

There were a number of reports last week about the prime minister and finance minister meeting with a government-funded think tank to discuss a variety of issues involving “generational fairness,” one of which was the introduction of a home equity tax.

waste management firm ReCircle has entered the textile waste management vertical with a target to process 570 million tonnes (MT) of textile waste in 12 months. The company recently launched Project Extra Life to tackle India’s textile waste problem and build a more sustainable circular economy. Until now, ReCircle has focussed on managing plastic and paper waste. In FY24, it diverted 65,364 tonnes of waste — paper, plastic, cardboard and e-waste. “We’re constantly innovating to digitise the waste supply chain, create meaningful opportunities for informal waste workers, build a closed-loop system to extend the life cycle of waste and empower India to move towards a circular future — one piece of trash at a time,” says Rahul Nainani, Co-Founder & CEO, ReCircle.

Pakistan government's efforts to reform its public sector enterprises (PSEs) have been marred by persistent challenges, as highlighted by recent fiscal data and international funding initiatives, Dawn reported. Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7 trillion, with an additional borrowing exceeding Rs 43 billion in the fiscal year 2024. Economic priorities underscore the urgency of privatising PSEs to alleviate the strain on the national budget, a crucial step also mandated for securing future loans from the International Monetary Fund (IMF). The allocation for PSEs in the 2024-25 budget saw a dramatic increase, reaching PKR 1.267 trillion, largely earmarked for subsidies and grants, marking a 104 per cent surge from the previous fiscal year.

With ESG continuing to be a divisive topic among investors, a recent InvestmentNews Award winner is adding gasoline to the fire.

Nasdaq and S&P 500 rallied to record high closes on Wednesday, fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data and quarterly earnings reports due this week. It was the Nasdaq's seventh straight record-high close and the S&P 500's sixth straight. The S&P 500 crossed 5,600 for the first time after Federal Reserve Chair Jerome Powell stoked expectations for an interest-rate cut in September.

Finance Minister Nirmala Sitharaman is set to present the Union Budget on July 23 in Lok Sabha. The Parliamentary session for the Budget will commence on July 22 and continue till August 22. The NDA government’s first Budget is expected to focus on sustaining economic growth with impetus to job creation, with an eye on maintaining the fiscal deficit target. All eyes are now on the Finance Minister as people eagerly await the announcement of policies and initiatives that align with their interests.

JP Nadda chaired the first executive committee meeting of the National One Health Mission on Wednesday. He said the mission will help India achieve integrated disease control and pandemic preparedness by institutionalising the 'One Health' approach, the health ministry said in a statement.

 Strategas' Jason Trennert says it is hard to not be involved in the stock market on 'Maria Bartiromo's Wall Street.'

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]

Powell's comments came on Tuesday (9 July) during a Congress presentation of the semi-annual monetary policy report published on 5 July. According to him, while data for the first quarter of 2024 «did not support such greater confidence», the most recent inflation readings showed «some modest further progress» in that direction. As a result, the committee left interest rates unchanged at between 5.25% and 5.5% at the last meeting in June. However, Powell added, recent US market indicators highlighted continuous economic expansion, with private domestic demand remaining «robust». In Ju...