Sustainability Financial News

The upcoming week will also place a significant focus on monetary policy decisions of central banks, as the US Federal Reserve will begin its two-day policy meeting on June 11. The US Fed will announce its interest rate decision after its two-day policy meeting on Wednesday, June 12, 2024.Analysts noted that the US economic landscape has shown signs of moderation in recent months.

policy reforms and rapid economic growth under Prime Minister Narendra Modi to justify its record premium over emerging-market peers. Now, with the leader facing coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. Investors want to see evidence that Modi can sustain his reforms with the same vigor, while keeping alliance partners happy and avoiding populist measures to regain public support.

NEW DELHI : India’s steel ministry has asked all major exporters of the alloy to focus on reducing their carbon footprint as the European Union prepares to tax companies that do not meet its environmental standards. The EU’s carbon border adjustment mechanism, or CBAM, proposes a tax on embedded carbon imports from sectors including steel, aluminium, cement, hydrogen, electricity, and fertiliser from 1 January.

Startup India launched in 2016, over 1,12,000 startups and 115-plus unicorns have emerged, valued at $350 bn (2024). Yet, as the new government is sworn in, there's more to be done.

Export-Import Bank of India (India Exim Bank) has recently inaugurated the East Africa Representative Office in Nairobi with an eye on expanding India’s business footprints in the resource rich and demographically young continent.

The average rate on a 30-year mortgage dipped to just below 7% this week, little relief for prospective homebuyers already facing the challenges of rising housing prices and a relatively limited inventory of homes on the market

Ministry of Commerce and Industry took center stage at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum, held at the iconic Marina Bay Sands in Singapore.

RBI) Governor, Shaktikanta Das, reiterated the central bank's firm stance on tackling inflation during a statement on Friday. Emphasising the Monetary Policy Committee's (MPC) objective, he stated that the goal is not only to achieve the 4 per cent inflation target but also to maintain it consistently.

Shares of Garden Reach Shipbuilders & Engineers (GRSE) zoomed 8% on Friday on BSE to the day’s high of Rs 1,048 as the company became the lowest bidder (L1) for the construction of a Research Vessel for Defence Research and Development Organisation (DRDO). «We wish to inform you that the Company has become the Lowest bidder (Ll) for the construction of a Research Vessel for the Defence Research and Development Organisation (DRDO). The order value is likely to be Rs. 500 crores approx,» said the company in a filing to the exchanges.

Bitcoin, the world’s leading cryptocurrency by market capitalization, continues its upward momentum, trading around $71,300. This rally is driven by a significant influx into U.S. spot Bitcoin exchange-traded funds (ETFs), with a notable daily inflow of $886.75 million, contributing to over $1.2 billion in two days.

«The situation was never as good in the Indian aviation market as it is today because there are effectively only two large players, Vistara Air India combined and InterGlobe Aviation,» says Sandip Sabharwal, asksandipsabharwal.com. Let us get stock specific then and get in your take on the entire chemical sector, brokerages are of the view that it is still not out of the woods, in fact they have cut the target price of most of the companies like SRF, Tata Chemicals, Navin Fluorine. What is your outlook? On the chemical side there is still huge overcapacity, largely prices are under pressure, so obviously when prices fall a lot there is some upswing but given the huge oversupply position and the demand supply mismatch and the fact that many of these companies have added significant capacity over the last one or two years and are in the process of adding more capacity, so what this will do is that this will create diseconomies of scale so because of huge capex and low prices and as the plants become commercialised you will have interest costs, etc, also coming into your P&L.

Also Read: RBI Monetary Policy LIVE Updates: RBI keeps repo rate unchanged at 6.5%; raises FY25 GDP growth forecast to 7.2%Prices of industrial metals have registered double-digit growth in the current calendar. year so far, these trends, if sustained, could accentuate the recent uptick in input cost conditions for farms.

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, rose in early trade on Friday, extending their gain for the third day in a row, ahead of the RBI's monetary policy announcement today. Buying in IT stocks contributed to the market's bullish trend.The 30-share BSE Sensex rose 254.53 points to 75,329.04 in early trading.

As the country faces a demographic cliff and questions hang over the sustainability of the Social Security system, a new Gallup poll offers a glimpse of how healthcare costs continue to pose significant financial challenges for American adults.

A new survey from Hamilton Lane highlights a strong and growing interest in private markets among global financial advisors, with 70 percent planning to increase their clients’ allocation to this asset class in 2024.

Stocks to buy: The Indian stock market sustained its positive momentum, indicating stability post the Lok Sabha election 2024 results, on June 7. Both the Sensex and the Nifty 50 indices climbed by almost 1 percent each, marking the second successive session of gains.

Certificate Programme in Data Analytics for Business Applications.This high-impact 7-months programme is meticulously designed for professionals from diverse backgrounds. It caters to early professionals seeking to elevate their understanding of data analytics for adept decision-making.

ALSO READ: Why is Salman Khan trending on social media after Goldy Brar was reported dead?The development comes a day after Goldy Brar was charge-sheeted in the Karni Sena chief murder case.The NIA said that the raids were conducted at the premises of those associated with foreign-based designated individual terrorist Goldy Brar and his aides.It has released telephone numbers for the public to share information about the terrorist and his associates or to reveal any threat calls they may have received from the gang. “The information can be shared on landline number 0172-2682901 or mobile number 7743002947 (For Telegram/ WhatsApp).

₹1.4 trillion in 2023-24 and RBI’s dividend of ₹2.11 trillion, some of the expenditure cuts in the interim budget may have to be re-examined. On a trend basis, revenue expenditure growth in recent years was limited to 3.7%, 7.8% and 1.2% in 2021-22, 2022-23 and 2023-24, respectively, as per the CGA data. The interim budget's growth was 4.6% over 2023-24 actuals.

Dabur India and Zydus Lifesciences with ‘add’ calls; and PG Electroplast with a ‘reduce’ rating. Meanwhile, deletions include APL Apollo Tubes, Bharat Electronics, Data Patterns, Camlin Fine, and Titan Company.

Buy or sell stocks for today: The Indian stock market erased some of the previous day losses and ended higher after the NDA allies pledged support for the alliance to form a government for the third term. The Nifty 50 index gained 735 points and closed at 22,620, whereas the BSE Sensex shot up 1303 points and finished at 74,382.