Sustainability Financial News

Indian stock market: The Nifty remained within the defined range of 23,300-23,500. The short-term sentiment is likely to remain more or less positive. Support levels are seen at 23,400/23,300, where put writers have built significant positions.

Major Solana (SOL) holders, known as whales, have recently orchestrated the transfer of over $500 million worth of SOL in six large transactions within 24 hours.

pallu and border. While weaving, rice starch is applied to the yarn using a brush made from the fishtail palm tree to prevent yarn breakage. The Udupi sari started fading away in the 1980s with the introduction of power looms—much like in the case of other handloom saris.

Petrol pump owners across Delhi have issued a warning to shut down Pollution Under Control (PUC) certification centres starting July 1, citing unaddressed financial challenges. Despite persistent appeals since 2015, the fees for issuing PUC certificates have remained unchanged for over 12 years, rendering operations unsustainable, according to the Delhi Petrol Traders’ Association (DPDA), a TOI report stated. In a letter addressed to Delhi’s transport commissioner, DPDA expressed their longstanding concerns, stating, «PUC certification centres earlier operated on wafer thin margins for many years and have for the last few years operated on losses...While the spiralling costs and other expenses, which have jumped several fold, have been brought to your notice several times in the past, non-revision of PUC checking rates and the consequent unviability is forcing us to close our centres across Delhi from July 1.» Currently, Delhi hosts nearly 650 PUC centres, situated at various petrol and diesel stations throughout the city. Customers are charged Rs 60 for two-wheelers, Rs 80 for petrol cars, and Rs 100 for diesel vehicles (excluding 18% GST) for PUC checks. «The last time the rates were revised was in Dec 2011. In the last 12 years, the minimum wages of a skilled worker have gone up by nearly three times, the oil companies have started charging exorbitant rents for these centres and the overhead charges such as maintenance of the equipment have also increased,» DPDA President Nischal Singhania told TOI.

Nifty is stuck in a narrow range between 23300-23500, and a break on either side will lead to trending moves, says Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities. “The underperformance of BankNifty is preventing Nifty from moving higher; for Nifty to break on the higher side, BankNifty must start performing. The undertone remains bullish, and one should adopt a buy approach on a breakout above 23500, targeting 23,800-24,000,” he says.

Dabur India's target price was raised to Rs 700 by domestic brokerage firm Emkay Global. Emkay Global said that they foresee Dabur benefiting from consumption recovery, with the company positioned to gain from steady distribution expansion, comprehensive portfolio category coverage, sustained focus on innovation, and adequate liquidity for bolt-on acquisitions.

IIFL Securities Limited has made a significant move to enhance employee engagement by granting 3,69,500 stock options to its identified employees under the ‘IIFL Securities Employee Stock Option Scheme - 2018’ (IIFL ESOS Scheme-2018), on June 14, 2024. The company's Nomination and Remuneration Committee (NRC) approved this grant through a circular resolution, demonstrating a strong commitment to retaining and motivating its workforce, as per an exchange filing.Also Read | Darshan case: Renukaswamy sustained 15 grievous injuries, head forcefully rammed into a vehicle | What we know so farThe stocks of IIFL Securities closed in gree, up 0.71 per cent on June 14, at ₹221.05 on BSE.

benchmark Brent crude and rupee-dollar trend would also guide the market. «This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz. Key factors to watch will be progress of monsoon and institutional flows,» said Santosh Meena, Head of Research, Swastika Investmart Ltd.

₹325 crore and an Offer-for-Sale (OFS) of 65.27 lakh equity shares by promoters and an investor according to the draft red herring prospectus (DRHP).Private equity firm Mandala Capital AG Ltd is offloading 49.27 lakh shares through the OFS route.Proceeds from the fresh issue to the tune of ₹240 crore will be used for debt payment and the remaining amount for general corporate purposes.The Maharashtra-based Godavari Biorefineries is one of the prominent manufacturers of ethanol-based chemicals in India.The company's diversified product portfolio comprises bio-based chemicals, sugar, different grades of ethanol and power. These products find application in a range of industries such as food, beverages, pharmaceuticals, flavours & fragrances, power, fuel, personal care and cosmetics.According to Frost & Sullivan Report, the bio-based chemicals market has been growing exponentially owing to the increasing need for environmentally sustainable solutions.

Water restrictions in Calgary are set to remain in place for up to five more weeks, as crews working to repair the water feeder main discovered more locations than need to be repaired.

The recent inauguration of the Haryana section of the Dwarka Expressway by Prime Minister Narendra Modi signifies a stupendous leap towards comprehensive development in Gurugram and its surrounding regions. Spanning 29 kilometres, this expressway is a catalyst for economic growth, job creation, real estate boom, and a stepping stone towards Gurugram’s transformation into a vibrant urban place.

At the recent G7 Leaders’ Summit, the UK solidified its role as a global leader by announcing the expansion of its AI for Development programme into Asia. This initiative, initially launched to support safe and responsible AI projects in Africa, will now extend its reach to Asia, marking a significant step in global technological and sustainable development efforts.

Nifty ended the week with a closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002. The post-election rally has taken everyone by surprise and both indices now are currently sustaining well above their short-term moving averages after testing their 200 day moving averages.

Adani Electricity has disconnected power supply to 100 homes in Mumbai's Chembur, as per a report in the Times of India. As per the report, Adani Electricity took the step amid mounting dues from 1100 families which have swelled to whopping Rs 115 crore. The defaulters, the report added, have not paid their dues since last 19 years, since 2005. After the disconnection, the families in Siddharth Colony, Chembur, demanded restoration on humanitarian grounds.

Also Read: Planning a new car? Here are the latest car loan interest rates from top banksDuring the monsoon, your car's engine is especially vulnerable. Water can enter the engine due to driving through floods, fluid leaks, or accidently starting the engine after submersion. This can lead to costly repairs or a complete engine replacement.

By By Aditya Pareek Business Development Head, Race Eco Chain Ltd The growing demand for resources and the increasing challenges of waste management have put the recycling industry in the spotlight. As the world adopts principles of circularity and sustainability, the demand for recycling sector is to transform from an unorganized sector into an organized with efficient pillar of the circular economy is growing. ESG & EPR Regulations India's plastic packaging waste supply chain is largely unorganized, with 70% of it lacking formal structure. The nation generates an estimated 26,000 tonnes of plastic waste daily. Government regulations, such as Extended Producer Responsibility (EPR) for Producers, Importers, and Brand Owners (PIBOs), will require the use of at least 30% recycled materials in packaging by 2025. This push for sustainability has significantly shifted the industry, driving unprecedented demand for recycled materials. Packaging waste in India is projected to increase by 30% by 2030. Additionally, SEBI's Business Responsibility and Sustainability Reporting (BRSR) guidelines mandate that companies ensure their suppliers comply with ESG (Environmental, Social, and Governance) standards, starting with Fortune 500 companies and eventually extending to all organizations.

IoT) devices in homes, which enhance security, energy efficiency, and convenience. Startups specializing in smart home solutions are expected to see substantial growth during this period, according to a joint report by by Resurgent India and NAREDCO. Additionally, the green buildings market in India is set to rise significantly, contributing USD 39 billion (Rs 3.2 lakh crore) by 2025. This trend reflects the growing emphasis on sustainable construction, with green buildings becoming a larger share of new developments.

The independent ESG advisory house has today (14 June) launched its «Fund Sustainability Due Diligence Report» in an effort to assist asset managers with the upcoming SDR transition.  As part of the due diligence process, MainStreet completes fund manager interviews, a deep analysis of portfolio holdings and all fund documentation to derive an ESG rating between one and five.  According to MainStreet, funds with a four or above rating are eligible to receive a formal letter of certification, outlining that the fund has met the SDR standards set out by the FCA.  Charles Stanley's Pa...

penalty of Rs 1.45 crore on the Central Bank of India for non-compliance with certain directions related to 'loans and advances' and 'customer protection'. The RBI had conducted a statutory inspection for Supervisory Evaluation (ISE 2022) of the Central Bank of India with reference to its financial position as of March 31, 2022. A notice was issued to the bank, advising it to show cause as to why a penalty should not be imposed on it for its failure to comply with the directions, the RBI said. After considering the bank's response, the RBI found that charges against the bank were sustained.

Penny stock under ₹5: Shares of Srestha Finvest Ltd have been on an uptrend after ushering in the new financial year 2024-25. The penny stock bottomed out at ₹1.04 apiece at the end of March 2024 and has scaled to ₹1.87 in the new financial year, delivering nearly 45 percent in FY25.

Union Budget 2024 likely on July 22, Economic Survey on July 3, says report"I started crying at the meeting. I told them that I was willing to work even at a lower salary and designation," a Paytm employee told the paper, adding that HR execs contacted him late in May and informed him that his role would be terminated due to organisational restructuring.