Sustainability Financial News

A flurry of megadeals early in the year failed to translate into a sustained recovery in mergers and acquisitions after the momentum was stymied by skittish central banks and geopolitical unease.

bull candles on the daily chart, Nifty ended June derivative series above the 24,000-mark for the first time ever amid short covering. The underlying trend of Nifty continues to be positive. A sustainable move above 24000-24100 levels could pull Nifty towards another Fibonacci extension resistance of around 24380-24400 levels in the near term. Immediate support is placed at 23800 levels, said Nagaraj Shetti of HDFC Securities.

June 27, 2024 — DeltaPrime , a decentralized borrowing and investing platform, is thrilled to announce their Token Generation Event (TGE) on Uniswap and Trader Joe. The TGE marks another i nnovation in crypto with the launch of the $PRIME and $sPRIME tokens on July 1st, 2024. Born in the bear market and operating on the Arbitrum and Avalanche networks, DeltaPrime’s inventive tokenomics design focuses on stable growth of its liquidity pools, as well as enhanced community rewards and governance capabilities.

Kotak Mahindra Bank Ltd and excluding Axis Bank Ltd. Now, Nomura's top large banks include ICICI Bank, State Bank of India, and Kotak Mahindra Bank, all rated 'Buy'.

Also Read: Why are India Cements shares skyrocketing today? — explainedPHC’s acquisition aligns with PI’s long-term strategic objective to build a differentiated portfolio of integrated solutions for sustainable agriculture. With PHC, PI will gain access to cutting-edge biological/peptide technology platforms in the “Plant Immunity Inducers" space, the company said in a release.PI already has a portfolio of 8 products and many more in the development & registration pipeline.

—Name withheld on requestIf you plan to retire at 50, you will need to build a big enough corpus to last you through 30-35 years of retirement, or even longer. Considering inflation, and the extended period in retirement will necessitate a larger corpus than ₹2 crore to provide for your needs. Let's assume you will need ₹75,000 per month to sustain your expenses.

NSIL said on Wednesday that its newest rocket the SSLV will have its first dedicated commercial launch when it puts into orbit the Optimus — a satellite built by Australia-based Space Machines Company. The announcement was made jointly by NewSpace India Limited (NSIL) and Space Machines Company at the India Space Congress, organised by the Satcom Industry Association-India. This pioneering collaboration sets the stage for the launch of Space Machines Company's second Optimus spacecraft, weighing 450 kilogrammes, the largest Australian-designed and built spacecraft so far, a statement from NSIL said. «This will be the first dedicated commercial launch for SSLV (Small Satellite Launch Vehicle). The first commercial launch was Janus, a 10-kilogramme nanosatellite on board the SSLV-D2 mission,» NSIL Chairman and Managing Director Radhakrishnan Durairaj told PTI.

New Delhi, India – June 26, 2024 –Flychem is a leading manufacturer and distributor of high-quality ingredients for personal care, home care, pharmaceuticals, food and beverages, agriculture, and nutraceuticals while prioritizing quality and sustainable practices. Flychem is proud to announce the launch of the world’s most advanced high-purity Encapsulated Salicylic Acid under the brand name KOSAVATM.

₹830, implying an upside of almost 24 percent.The positive outlook is driven by India's recovering real estate sector and robust infrastructure developments, which are boosting demand for plastic pipes. Nuvama's recent note highlights that channel checks indicate continued strong demand in both the infrastructure projects and plumbing sectors.

In a landmark move towards environmental sustainability, India’s real estate sector is poised for a significant transformation driven by ambitious government policies aimed at achieving net-zero carbon emissions by 2047. The latest initiatives underscore a vital shift towards green growth, aligning with global sustainability goals and signaling a new era for urban development in the country.

liquified natural gas export plant on British Columbia’s coast is poised to go ahead.On Tuesday, the Hasila Nation and its partner Pembina Pipeline Corporation announced a green light with their final investment decision in the Cedar LNG plant.The $US3.4 billion project will see the construction of a floating LNG facility in Haisla territory in Kitimat.The nation is a majority owner in the project with a 50.1 per cent stake.“With Cedar LNG, we have proven that Indigenous communities can successfully forge a path to economic independence and generational prosperity,” Haisla Chief Councillor Crystal Smith said in a statement.“We have created a model for how sustainable energy development should be done, with Indigenous Nations as owners, balancing environmental interests with global demand for cleaner energy.”The project has already secured all major regulator approvals and has signed an agreement with the Coastal GasLink Pipeline for the delivery of 400 million cubic feet of natural gas per day, once it is up and running.Cedar LNG estimates the project will be in service by late 2028.B.C.

GEM Enviro Management made a stellar market debut today, as its shares opened at ₹142.50 each on BSE SME, indicating a premium of 90% over the issue price of ₹75. The price continued to surge post the listing to hit the ₹149 mark, a 99% premium over the issue price.The SME IPO, valued at ₹44.93 crore, was open for subscription from June 19 to June 21, 2024, at a price between 71 and 75 per share.

Shaktikanta Das while addressing the 188th AGM of Bombay Chamber of Commerce & Industry in Mumbai informed that India is at the threshold of a major structural shift in its growth trajectory as it moves towards 8% GDP in a sustained manner. «India is at the threshold of a major structural shift in its growth trajectory moving towards 8% GDP growth in a sustained manner,» said the RBI governor in Mumbai. Speaking on RBI's forecast of 7.2% growth, the governor flagged concerns such as weather, geo political conflicts, fragmentation in trade and other challenges like heightened financial sector volatility that could hurt the forecast but remains confident of achieving the predicted growth.

Garden Reach Shipbuilders (GRSE) enjoyed another bullish day as the PSU's stock surged 18% to reach a new all-time high of ₹2,065 apiece during today's intraday trade, before closing the session with a 11% gain at ₹1,946.Today's rally pushed the stock's gains to multibagger returns of 123% in CY24 so far. This remarkable rally builds on the stock's steady gains over the last three years, ending CY23 with an 80% increase.

₹1,350 (premised on 2.5x FY26E ABV). This indicates an over 15 percent potential upside.The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023."While we estimate margins to remain range-bound in the near term, the operating leverage is emerging as a lever to support earnings growth.

Bank of Canada governor Tiff Macklem says the country must not take its competitive labour market for granted, adding that with inflation much closer to two per cent, there is room to invest in new jobs without creating inflationary pressures.

By Murtaza Haider and Stephen Moranis

Kalki 2898 AD titled B&B: Bujji and Bhairava started streaming on Amazon Prime Video in the run-up to the film’s theatrical release. While these are undoubtedly seen as ways to create IPs (intellectual properties) that can sustain beyond the individual film, industry experts point out that this is an unchartered territory for India and would need significant work to become sustainable.

JSW Steel, the steelmaking arm of the $24-billion JSW Group, on Tuesday announced plans to upgrade the manufacturing facility of its US-based subsidiary's Baytown, Texas, facility with an investment of $110 million. The company's US-based subsidiary, JSW Steel USA plans to produce high-quality monopile steel plates that are meant to be used in the planned expansion of offshore wind energy generation, which has a target of deploying 30 gigawatts (GW) by 2030.

Euro 2024 is gradually heading towards the knock-out Round of 16. So far, Germany, Spain, Portugal, Switzerland, Italy, England, France, Netherlands have qualified from the group stage. While top two teams qualify for round of 16, four third-placed teams will also play in the knock-out stage.

fintech sector in India has been facing a decline in funding since last year, majorly owing to tighter regulations by the government. Scaling up is now coming at a cost for many firms in this segment. However, industry leaders and experts believe that it’s important for the regulator to do its job and the tightening of regulations is for the greater good. These regulations should be looked at as an enabling tool over obstacles. As per reports by Tracxn, the fintech sector saw a decline of 63% in 2023 in terms of funding. It received $2 billion in funding in 2023, compared to $5.4 billion in 2022 and $8.4 billion in 2021. This year, the sector raised $551 million from the January-March period in 2024, a decline of 50% a year earlier. Register here for the ET MSME Day 2024 here