Sustainability Financial News

climate change fast enough, according to a fresh study that looked at more than 23,000 firms worldwide. Just 2% of companies that have committed to a 1.5C-aligned plan provide the full range of information needed to ensure their emissions-cutting plans can work, according to CDP, the global nonprofit focused on increasing environmental disclosures. What’s more, the figure falls to less than 1% when all companies reporting environmental data are considered. The number of companies that actually reported a 1.5C plan increased by 44% to roughly one in four. While that’s “encouraging, action on credible climate-transition planning isn’t moving fast enough,” according to the report.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 19All these stocks rallied up to 11% on Tuesday, hitting their respective 52-week highs. RCF share price jumped over 11%, while National Fertilisers shares rallied over 9% and Chambal Fertilisers shares surged more than 8%.Here are the technical stocks picks in the fertiliser sector:Chambal Fertilisers & Chemicals | Buy | TP: ₹765In the past, Chambal Fertilizer has doubled within 16-18 months of breaking above the 52-week highs.

Indian policymakers Tuesday met industry representatives on the impact of the proposed Digital Competition Bill on data and digital markets after stakeholders seemed to have widely different opinions on the regulations, with some backing its provisions that others believe could deter investments. Nine industry associations and representatives of government bodies, besides executives from some companies, were present at the MEITY meeting, sources said.

Farming and biofuels organizations are hopeful that ethanol could be used to power passenger jets, but making that dream a reality hasn’t been easy

Budget expectations: Finance Minister Nirmala Sitharaman will begin consultations on Wednesday, ahead of the new government’s first full budget, to be presented in July. India Inc has suggested a host of reforms, including medium-term ones, to catapult the economy to a higher growth trajectory, spur employment creation, trigger private investments and preserve macro stability. A look at their wish list: 1. SUSTAIN GROWTH:

Montana state officials are working to stop flooding caused by the breakage of a century-old pipe used to deliver drinking water to 14,000 residents and carry irrigation water to farmers

PepsiCo India is seeking to enhance the livelihood prospects for 1 million women in the country by 2026 under an initiative that focuses on sustainable development and gender equality, the beverages and packaged foods company said. It is looking at doing this through a combination of upskilling, awareness building and by offering job opportunities. The company has named this initiative as RevolutioNari, and is currently looking at partnering with other companies for this project.

disbursements at Rs 1.46 lakh crore in financial year 2023-24. According to Fintech Association for Consumer Empowerment (FACE), the number of loans disbursed grew by 35 per cent to over 10 crore borrowings in FY24. It can be noted that the Reserve Bank has been public with its concerns on some of the practices adopted by such lenders, and has also formulated draft guidelines for their operations. «The digital lending sector is responsibly driving ahead with a sharp focus on customer-centricity, compliance, risk management and sustainable business models,» FACE's chief executive Sugandh Saxena said in a statement

₹11,730 crore last week (June 10-15), according to NSDL data. This shift marks a sharp contrast to the intense selling seen in the last couple of months.

Family Business Survey 2023 shows that 88% of family businesses in India are poised to embrace a future marked by sustained expansion over the next two years, surpassing the global projection of 77%. Given their vast potential to unlock growth opportunities, The Family Business Excellence Series was launched by family business management consultancy, TriChambers, in Mumbai, to identify aspects that can help such businesses achieve their next level of growth. “The series aims to contribute to India’s economy by collaborating with family businesses, the oldest form of businesses, which are poised to grow exponentially in the times ahead,” Shivani Bagdai, Founder, TriChambers stated in an exclusive interaction with ET Digital.

«We expect market uptrend to continue next week supported by positive macro trends, expectation of sustained government spending and policy continuity, healthy monsoon and strong earnings,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

AlphaCore Wealth Advisory, a La Jolla, California-based independent wealth firm, is looking to go national by tapping an LPL alum to a key C-suite role.

As part of the transition, Emma Mogford and Mahgul Ansari will replace Barnett as managers of the TM Tellworth UK Income and Growth fund, with the change effective from today (17 June). Mogford and Ansari currently manage the Premier Miton Monthly Income fund and the Premier Miton Optimum Income fund. Having joined the Premier Miton team in 2020, Mogford was awarded fund manager of the year (small to medium firms) at Investment Week's Women in Investment Awards 2023. Premier Miton shutters sustainable European fund after three years Mike O'Shea, CEO of Premier Miton, said: «Investo...

water crisis as its groundwater levels continue to plummet. Another NCR town in UP, Noida is also not far behind in this trend. According to the National Compilation on Dynamic Ground Water Resources of India, 2023, commissioned by the Central Ground Water Board, Ghaziabad extracted an alarming 123% of its total groundwater last year. This extraction rate surpasses that of 75 districts in the state, where the average was significantly lower at 70.8%, a TOI report stated.

India has been on a remarkable trajectory of economic and technological growth. With a young and vibrant population, a robust tech ecosystem driving innovation and a rapidly evolving digital landscape, India has become a formidable force in the burgeoning digital economy.

Durlax Top Surface IPO: The initial public offering (IPO) of Durlax Top Surface Limited is going to hit the Indian primary market on 19th June 2024, i.e. on Wednesday this week.

Dabur shares have been Emkay Global’s preferred consumption pick given its relatively higher share of rural, diversified portfolios and its sustained thrust on NPDs. The brokerage firm has raised Dabur share price target to ₹700 per share from ₹660 earlier, and has a ‘Buy’ rating on the stock.Also Read: EXPLAINED! Why is Delta Corp share price skyrocketing before Budget 2024?“Dabur remains one of our preferred picks in the sector, given its diversified portfolio and better execution.

Residential demand today is at a decadal high and underscores the evolving dynamics of the real estate market, driven by a combination of economic factors and buyer preferences. According to Magicbricks, residential demand has surged by 23.8% over the past three years across major metros.

Most of the PSU stocks continued their dream run this week too, and as rightly put, it appears that FOMO is creeping amongst the investors as many of the PSU stocks, in defence, power, financials, infrastructure, have turned out to become multibaggers, significantly adding to the wealth of the investors, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at said, advising investors to remain alert and look at investing light. This analyst spells-out strategy in previous week’s major movers viz. Cochin Shipyard, Zomato and Global Health (Medanta) and three more stocks. Here’s what he recommends: Edited excerpts:

Also Read: Union Budget 2024: Finance Minister Nirmala Sitharaman to break Morarji Desai's THIS recordThe Indian economy is projected to grow 7.2 per cent in FY25 on the back of improving rural demand and moderating inflation, according to recent estimates by the Reserve Bank of India (RBI). The Modi 3.0 government inherits a strong economy with fiscal prudence in place with a special advantage as the RBI had announced the highest-ever dividend of ₹2.11 lakh crore for FY24.The key policy priorities for the third term of Prime Minister Narendra Modi-led government would include dealing with food inflation, unemployment, stress in the agriculture sector, job creation, sustaining capex momentum and pushing revenue growth to stay on the fiscal consolidation path.Rating agency S&P has maintained a positive stance on the economic policies followed by the Modi regime in the past 10 years.

Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18. The 2024-25 Budget is likely to lay out Modi 3.0 government's economic agenda.