Sustainability Financial News

Foreign Secretary Vinay Kwatra on Saturday highlighted the importance of Bangladesh in India's strategic plans for regional cooperation and security stating that neighbouring country is crucial for India's SAGAR (Security and Growth for All in the Region) doctrine and its vision for the Indo-Pacific region. Addressing a special press briefing on the State visit of Bangladesh PM to India today, Kwatra also stated that renewing the disaster management agreement will improve response and capacity building. Additionally, they will focus on reducing and managing disaster risks, which is a key part of the Indo-Pacific Oceans initiative. «Bangladesh is a key part of India's SAGAR doctrine and the Indo-Pacific vision. The renewal of the MoU on maritime cooperation and blue economy that was signed in exchange earlier today aims to develop our ocean-based blue economy and maritime cooperation,» said Kwatra

Nifty kept marking incremental highs, the intraday trend remained practically absent. The volatility also did not change much as compared to last week. The India Vix inched higher by just 2.79% to 13.18 on a weekly basis. The weekly trading range for the Nifty too remained much capped. The index oscillated in just 268.90 points range before posting a negligible weekly gain of 35.50 points (+0.15%).

Meanwhile, on Saturday, Maharashtra Congress President Nana Patole inspected the cracks spotted on the Mumbai-Trans Harbour Link (MTHL), and alleged that these cracks are the result of corruption. Project Head Kailash Gantra said that the repair work will be completed by this evening.

RVNL shares, which ended 6% higher on Friday, gave a consolidation breakout on the daily chart, suggesting a rising optimism among investors. «Besides, the stock has moved above a critical moving average. The RSI is in bullish crossover. In the near term, the stock might move towards Rs 440 while a support is placed at Rs 394,» said Rupak De, Senior Technical Analyst at LKP Securities.

₹1,405 level.The stock recently broke above the ₹1,405 level with high volumes, signalling robust strength.This positive sentiment is further reinforced as it trades above its 20, 50, and 200-day moving averages, indicating bullish momentum.It faces a minor resistance at ₹1,435 level. Sustaining above this resistance could trigger additional upward momentum, paving the way for further gains.The Relative Strength Index (RSI) is presently at 58.11 and trending upwards, highlighting increased buying activity and further supporting the bullish outlook.Given these technical indicators, Bharti Airtel presents a compelling investment opportunity."The strong bounce from support, a significant breakout, and favourable RSI readings make it an attractive prospect for investors looking to capitalise on its upward trajectory.

In the SME segment, a total of seven issues will open for subscription next week.

Recently, leaders from India's corporate sector advocated for reducing the income tax burden on individuals, increasing capital expenditure, and implementing measures to control food inflation during their nearly two-hour meeting with Finance Minister Nirmala Sitharaman ahead of the Union Budget. In their pre-Budget discussions with Sitharaman, industry representatives emphasized the need for heightened focus on infrastructure development to sustain economic growth. They also highlighted the importance of bolstering the MSME (micro, small, and medium enterprises) sector, which is crucial for the Indian economy and a key source of employment.

populist budget is a fiscal plan tailored to resonate with the general public by offering immediate benefits or addressing popular concerns through measures like tax cuts, increased social spending, or subsidies. Examples include farm loan waivers, higher crop prices, and tax reductions above lower brackets. While «populist» isn't inherently negative, such budgets draw criticism for prioritizing short-term gains over long-term stability. They can lead to unsustainable fiscal policies, increasing deficits and national debt. Critics argue they're often crafted for political expediency, aimed at gaining votes rather than sound economic management. Promises made can be unrealistic, lacking clear funding mechanisms, posing future financial challenges. Financial markets may react adversely to perceived fiscal irresponsibility, raising government borrowing costs and undermining currency value. Inflation risks rise from measures like monetary expansion or subsidies, eroding purchasing power and economic stability. Benefits may disproportionately favor certain groups, deepening social and economic disparities.

dollar edged higher against other major currencies on Friday, hitting a fresh eight-week high against the yen as data showed a strong U.S. economy and as the Federal Reserve's patient approach to interest-rate cuts stood in contrast to more dovish peers. U.S. business activity hit a 26-month high in June amid a rebound in employment while price pressures subsided considerably, suggesting that a recent slowdown in inflation was likely to be sustained.

climate change are evident through increased floods, droughts, heat waves and other extreme weather events across the globe. Scientists warn that if immediate action is not taken, the damage caused may become irreversible by 2030. One of the major contributors to global warming is greenhouse gas emissions from traditional internal combustion engine (ICE) vehicles. However, there is still hope if we accelerate the adoption of zero-emission electric vehicles. The Auto Industry's Electric Shift

Bill Gates isn't the first name that you'd think of after watching Oppenheimer. But TerraPower, the nuclear reactor engineering company the Microsoftwala founded in 2006, began constructing a micro nuclear reactor plant, Natrium, in Wyoming this month. This marks a quiet, commercially untested class of nuclear reactors: small modular reactors (SMR).

Bharat Petroleum Corporation Limited (BPCL), has announced a partnership with Bounce Infinity, a made-in-India electric scooter manufacturer. According to a press release, this collaboration aims to accelerate the adoption of electric vehicles (EVs) across India through the establishment of innovative "eDrive stores" at select BPCL retail outlets. The introduction of BPCL's «eDrive stores» marks a major milestone in making EVs more accessible and popular among Indian consumers.

Thermax, a leading energy and environment solutions provider, have been on an upward trend over the last seven months, producing a stellar performance and significantly enhancing shareholder wealth in a relatively brief timeframe.During this period, the company's shares have grown from ₹2,533 apiece to the current market price of ₹5,061, resulting in a gain of 100%. Notably, the company finished 6 out of 7 months in positive territory, with December witnessing the largest monthly gain with a return of 22%.

DCB Bank to ‘buy’ from ‘neutral’ earlier."We had downgraded our rating on DCB Bank to Neutral in July 2019 (stock price at ₹239) amid weaker operating performance and an uncertain growth/asset quality outlook. However, with a recovery in loan growth and anticipated improvements in operating leverage, we estimate a 21 percent earnings CAGR over FY24-26E.

Kazakhstan’s First Deputy Foreign Minister Akan Rakhmetullin underscored the crucial role of the United Nations in addressing urgent global challenges ahead of the July 3-4 SCO Summit. He recently highlighted the high level of interaction between Kazakhstan and the UN over 32 years of cooperation.

Indian Hotels Company, EIH Ltd, Lemon Tree Hotels , Chalet Hotels share price have risen sharp 54-112% in a year benefitting from rising occupancy , average room rates leading to better revenue per available room (RevPar). The tailwinds have remained strong post easing of COVID-19 pandemic, and there has been a sustained increase in travel demand, with India continuing to be a popular destination.

Green finance is one of the most fundamental requirements to make MSMEs more climate-friendly. Many small and medium businesses face challenges in raising capital to run and expand their businesses. So their challenge becomes steeper when it comes to raising funds to invest in cleaner technologies, energy efficiency upgrades and sustainable business practices. But now, fintech is working on developing innovative solutions for MSMEs to make the transition to greener processes. Register for the ET MSME Day 2024 here.

“We expect the NDA government to sustain focus on capex-led growth around PLI, Roads, Ports, Aviation, Defence, Railways, and Green energy, given a 20 bps lower fiscal deficit in FY24 (Than RE), normal monsoons, and Rs 2.1 lakh crore dividend from RBI,” says Amnish Aggarwal, Director — Institutional Research, Prabhudas Lilladher. In an interview with ETMarkets, Aggarwal said: “We believe a progressive budget, normal monsoons, and strong inflows will further re-rate markets,” Edited excerpts:

«Coming to private sector banks in particular, the growth is going to be strong in FY24, particularly second half, in terms of the loan book growth,» says Rajesh Kothari, CIO, AlfAccurate Advisors. Let us start off with banks, exactly what our experts were talking about because seems like that is where valuation comfort is. The FIIs clearly making a comeback and their first port of call is private banks. Do you believe this is going to be a sustainable move? Rajesh Kothari: Well, I think entire banking and finance if we divid it into multiple sub-segments, so we have private sector banks, then we have PSU bank, then we have NBFCs, and then there is something called others, which includes insurance, asset management companies, wealth management companies and exchanges.

Sunil Singhania on Thursday said India offers a lot of opportunities for equity investing, backed by robust fundamentals. These fundamentals are being driven by 4 'Ds', according to the Abakkus founder, which are amplified as Democracy, Demographics, Domestic Consumption and Digital leeway.

MUMBAI : With the Union Budget expected in the second half of July, mutual fund executives are hoping for measures in four key areas that can boost their sector and invigorate the economy. From 1 April 2023, debt mutual funds have not got the benefit of indexation on long-term capital gains. Such gains are taxed at the slab rate of the investor.