Sustainability Financial News

MUMBAI : KKR & Co. has set the stage for an exit from RE Sustainability Ltd, selling the municipal business back to its founders, and hiring bankers to find a buyer for the remaining industrial waste business. The global private equity firm is seeking a valuation of $1 billion for its entire stake, three people aware of the matter said on condition of anonymity.

Cochin Shipyards Share Price: Shares of India's largest shipbuilding and maintenance company rallied 14 per cent to hit a lifetime record-high mark during intra-day on Tuesday, May 21, three days ahead of announcing its January-March quarter results for fiscal 2023-24 (Q4FY24) results. The leading public-sector undertaking (PSU) will also declare a final dividend for FY24 on Friday, May 24, according to a regulatory filing to the stock exchanges.

Metropolis Healthcare on Tuesday reported a 8% year-on-year (YoY) rise in net profit to Rs 36.1 crore in Q4FY24 lead by volume increase and better patient realisations. The diagnostic chain reported Rs 33.5 crore net profit in the corresponding quarter of the previous year.

The annual inflation rate slowed to 2.7 per cent in April, Statistics Canada said Tuesday, as cooling grocery price pressures offset higher fuel costs.

Lack of access to affordable bank credit for MSMEs has remained a perennial issue for not just the entrepreneurs but also for lenders and the government alike to bring businesses in the informal economy into the formal fold. Poor credit access emanates from the lack of collateral with MSMEs to pledge against the credit. To tide over this challenge, over the past few years, banks and non-banking financial companies (NBFCs) have been gradually integrating historical data of MSMEs including GST filings, cash flow information, and more to underwrite business or working capital loans to them.

The Indian real estate sector is experiencing a remarkable surge in green building and sustainability initiatives, encompassing every corner of the nation, particularly among luxury homebuyers. With a focus on reducing greenhouse gas emissions, improving energy efficiency, and adopting renewable energy sources, the country is actively working towards a greener and more sustainable future. The new generation of discerning homebuyers encompasses HNIs, NRIs, millennials, young professionals, and retired professionals who prioritize spacious green living spaces that are highly sustainable and well-equipped with modern amenities and safety features.

changes to regulations in India, which will greatly simplify the process of obtaining a driver's license. 1. Applicants will have the option of taking the driving test at the nearest centre of their choice instead of the current practice of taking the test at the respective regional transport offices (RTOs).

household savings in FY24 after falling to their lowest level in FY23, Crisil said in its report released Tuesday. “Bank deposits, which constitute the largest chunk of gross financial savings, grew 13.5% in FY2024, compared with 9.6% in the previous year,” it said. Moreover, Crisil noted that mutual fund investments rose further in FY24, and even a continued rise in equity market returns may have attracted more retail investors.

The National Association of Realtors releases its monthly snapshot of existing U.S. home sales Wednesday

Tata Power Delhi Distribution on Tuesday said it has inked an initial pact with India Smart Grid Forum for the 'Vehicle-to-Grid Technology Demonstration Project'. The initiative aims to explore the potential of EVs to provide essential grid services like frequency and voltage support, test their viability as backup power sources during outages, and examine the impact of bi-directional charging, a company statement said. The pilot project aims to showcase the basics of how electric vehicles (EVs) can interact with the grid. This project looks at reducing carbon emissions within the transportation and energy sectors, Tata Power Delhi Distribution Ltd (Tata Power-DDL) which supplies electricity to a populace of 7 million in North Delhi, said… Additionally, the project will investigate how EVs can participate in the power market by storing electricity when prices are low and selling it back during peak hours. It will also test the feasibility of charging EVs with green electricity.

learning about the stock market is both free and can be done quickly through a reel or a tweet. Consequently, spending two hours learning the basics of the stock market might appear outdated. But just go back to the start of this month, when every segment of the stock market was falling. The fact is that the first indications of what happened in May had come much before the meltdown. Right from the breakdown of stock prices below their medium trendline to the sentiment indicators clearly indicating that bulls are losing steam.

Also Read: Explained: What's driving the ongoing uptrend in metal stocks? The country is experiencing a significant surge in power demand each month, driven by increased usage in both the industrial and household sectors. The above-normal temperatures witnessed across most regions during April and May have led to a surge in the use of cooling appliances such as air conditioners and desert coolers, resulting in heightened power consumption. The India Meteorological Department (IMD) has forecast above-normal maximum temperatures across the country for the summer season.

Indian Renewable Energy Development Agency Ltd (IREDA) share price gained more than 4% on Tuesday during intraday trades. The IREDA share price opened at ₹177.00 on the NSE, however rose to ₹184.80 by afternoon, reflecting gains of 4.8 % over the previous close. Choice Broking has recommended Buying IREDA at ₹181 levels with a target of ₹203 for IREDA share price and a stop loss at 170 .

Mint in an interview. He said even delivery platforms servicing giants like Amazon and Flipkart must seriously evaluate this strategy. Personal care D2C brand Nat Habit, which raised about $10.2 million led by Bertelsmann last year, is the latest among the companies that are in talks to sell products through quick commerce.

Read here: Elections 2024 & Stock Markets: ‘Stop predicting, start…’ says Deepak Shenoy "In our view, a large part of the optimism is already priced in, while disappointment is not. Therefore, the risk-reward is skewed slightly towards a buy-on-dip strategy, rather than going all in," it said. Overall, it continues to believe the Indian equity market will deliver low double-digit returns in the current financial year after the positive performance YTD.

To foster a healthier and more sustainable crypto ecosystem, Binance, the world’s largest cryptocurrency exchange, urged small and medium-sized crypto projects to address the prevalent trend of low float and high fully diluted valuations (FDV) on Monday. 

₹6.52 crore for the quarter ending in March 2024 from ₹15.03 crore in the same quarter of the previous year. The company reported operational revenue of ₹255.60 crore for the quarter ending March 31, 2024, with total income reaching ₹255.92 crore. For the fiscal year 2024, Apollo Pipes recorded a profit of ₹42.82 crore and revenue of ₹986.95 crore.

As the world becomes increasingly conscious of fuel prices and environmental sustainability, innovative solutions are more essential than ever. Enter Gaswizard, a groundbreaking platform designed to revolutionize the way we fuel our vehicles. At the heart of this innovation is the GWIZ token, a key component ready to change the landscape of fuel consumption and cost management. With the GWIZ token presale currently underway and performing spectacularly, this is a prime opportunity for savvy investors and everyday drivers alike. Here’s why you don’t want to miss out.

Aeronautics Limited (HAL) from ‘Accumulate’ to ‘Buy’ after the company reported 52 per cent year-on-year (YoY) rise in its net profit to ₹4,308.7 crore for the fourth quarter results (Q4 FY24). The brokerage firm has also raised the target price of the PSU defence stock from ₹4,100 to ₹5,590. “We revise to Buy from Accumulate, with a higher TP of INR 5,590 from INR 4,100 based on 45x (from 35x) March 2025E P/E as we roll forward.

Prince Edward Island (PEI), a significant protest is unfolding. A group of former and current international students, mostly from India, have taken to the streets, voicing their distress over a policy shift that jeopardizes their future prospects in the country. According to reports, the controversy centers on the Provincial Nominee Program (PNP), a lifeline for many international students aiming to secure permanent residency (PR) in Canada. Typically, Indian students enroll in institutions in provinces like Ontario or British Columbia. However, upon realizing the fierce competition for PR in these densely populated areas, many transfer to smaller, less populated provinces like PEI. Do you meet the immigration criteria? Check here These provinces, grappling with stagnant and aging populations, have historically relied on the PNP to attract temporary residents, thereby addressing labor shortages and sustaining population growth.

ET Make in India SME Regional Summit will on May 25 enter the second city in this year’s edition. Lucknow, the city of nawabs and famous for its handicrafts, will host small businesses, industry leaders and entrepreneurs in an engaging summit conducted by the Economictimes.com.