Sustainability Financial News

Manish is keen to become an entrepreneur. He has worked for 25 years and has held senior management positions in large companies. He holds a large portfolio of assets, including real estate, equity, mutual funds and bonds. He is fairly confident that his business idea will scale up. His two children are currently pursuing their graduation. He is confident of funding their higher education with his savings and educational loans. What precautions should Manish take before quitting his job? Manish’s family will be used to certain expenses given their current lifestyle.

European Union about its proposed regulation that seeks to benchmark exporting countries as low or high risk basis deforestation levels. The EU's deforestation-free product regulation has implications for India's coffee, cocoa, soya, wood products, rubber and its products, and leather goods exports. The regulation requires firms to ensure that the product exported to the EU has been grown on land which has not been deforested after December 31, 2020. It prescribes fines up to 4% of a firm's annual turnover in the EU, confiscation of product and revenues gained from a transaction. The new rules will apply to large firms from December 2024 and small firms from June 2025.

₹38,000 crore if the proposal gets through." “With stabilization in production, cane output can increase further and be stable in future irrespective of weather changes," Ballani added. “The food ministry is examining the proposal and is yet to take a call after discussing it with the agriculture and Jal Shakti ministries as economic viability is to be checked," a senior government official said. “Due to constant weather changes, sugar production has become unpredictable.

DCCDL's rental income from office buildings increased 7 per cent annually to Rs 3,460 crore in the last fiscal, driven by rent appreciation and expansion of the asset portfolio. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. DCCDL has an operational rental portfolio of 41.9 million square feet, of which 37.9 million square feet area is office space and 4 million square feet retail real estate.

Shiba Inu (SHIB), one of the most talked-about cryptocurrencies, has hit a roadblock in its recent rebound, struggling to break past the $0.000025 mark. As SHIB faces resistance, all eyes are now turning towards its competitor, Retik Finance (RETIK), set to launch on May 21, promising a new era in decentralized finance (DeFi).

India is on a mission to become the world's leading and the most sustainable producer of critical minerals, Vedanta group firm Hindustan Zinc's Chairperson Priya Agarwal Hebbar has said. Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars. Critical minerals are particularly in demand for the production of batteries for electric cars. Speaking at Bank of America Securities Global Metals, Mining and Steel Conference 2024 in Miami recently, Hebbar said the mining and metals sector will play a crucial role in helping the world meet the net-zero goals.

Nifty ended Saturday’s small and special trading session 36 points higher to close above 22,500 for the first time in several days. However, a small bodied candle on the daily chart suggests very little about the future direction of the price, analysts say. On the weekly chart, a Piercing Line-type pattern was seen, which hinted at more upside for the market ahead.

Notre Dame cathedral, will still be under renovation after a devastating fire that ignited in the cathedral and burned for 12 hours on April 14, 2019. When the last embers were extinguished, most of Notre Dame's wood and metal roof was destroyed, and its majestic spire had vanished, consumed by flames. Notre Dame is nearly 1,000 years old and has been damaged and repaired many times. Its last major renovation was in the mid-1800s. The massive beams that framed the structure were fashioned from European oak trees harvested 300 to 400 years ago. Today, these trees are common throughout north-central Europe, but few are tall enough to replace Notre Dame's roof lattice and spire, thanks to centuries of deforestation. Planners had to search nationwide for enough suitably large oaks for the restoration.

All About AI, Arundhati Bhattacharya, Chairperson and CEO of Salesforce India, dispels these fears and discusses how she is bridging the generation gap and making Salesforce a Great Place to Work. “When I came in, there were disparate groups—sales and distribution, technology and products, support and success. Each group had its leaders, but nobody was bringing them together to create one Salesforce vision and ensure that each group developed the Salesforce DNA," Arundhati reflects on the time she assumed the mantle in April 2020.

Authorities reported that eight devotees lost their lives and numerous others sustained injuries when a bus they were traveling in caught fire on the Kundali-Manesar-Palwal Expressway in Haryana on Friday night. The devotees, who had been on a pilgrimage to Mathura and Vrindavan in Uttar Pradesh, were returning when the fire erupted. The bus, which carried over 60 individuals from a family, including women and children, all hailing from Punjab, became engulfed in flames. Survivors recounted noticing flames at the rear of the bus around 1:30 am on Saturday and attempted to alert the driver. Observing the escalating situation, a passing motorcycle rider trailed the bus and alerted the driver, prompting a halt. Local residents rushed to douse the flames and rescue those seated at the front of the bus.

Motilal Oswal Financial Services. Also read: Gold rate today: Gold price retraces from three-week high despite US Fed rate cut buzz, weak US dollar. Buy or wait? Damani added, “The CME Fed-watch tool showed traders pricing in a greater chance of a 25 bps cut in September, at nearly 54%.

Five women were killed and 12 others injured when a Uttar Pradesh (UP) Transport bus collided with a trailer truck on Friday in Rajasthan’s Bharatpur.

Meghalaya State Council on Climate Change & Sustainable Development discussed the need to have a regulatory framework through the Amendment of the existing Meghalaya Protection of Catchment Areas Act, 1990 to protect critical catchment areas from further degradation. A meeting of the Meghalaya State Council on Climate Change & Sustainable Development under the Chairmanship of Chief Minister, Conrad K. Sangma, was held on May 16, 2024, at the Main Secretariat Building, Shillong. The meeting centred around leveraging community institutions as part of a collaborative strategy for community-led climate action. Despite abundant rainfall and lush green landscapes, the State stands at a critical juncture amidst climate change, where urgent and coordinated, interventions are needed to ensure sustainable environmental management and resilience. In response to this, the Council unanimously agreed on the need for coordinated and targeted strategies towards climate action particularly on the Rejuvenation of critical water sources, Catchment area protection and massive afforestation.

Zydus Lifesciences on Friday reported Rs 1,182 crore net profit in Q4FY24, a threefold year-on-year (YoY) jump led by growth in US, India, Europe and emerging market sales. The Ahmedabad-based drug maker reported net profit of Rs 297 crore in the corresponding period of previous year.

The real estate industry in India is witnessing a paradigm shift towards sustainable development, driven by the pressing need for environmental stewardship and community-centric living. Sustainable buildings, characterized by energy efficiency, eco-friendly materials, and thoughtful design, are emerging as catalysts for fostering a profound sense of community and environmental responsibility among residents.

In recent years, the shift towards sustainable living has brought the electric vehicle (EV) industry into the spotlight. India is experiencing a significant surge in EV adoption, and there are compelling reasons why now may be the ideal time to consider purchasing an electric vehicle in the country.

It’s better to continue with the same index rather than annually switching a Systematic Investment Plan (SIP) to the previous year's best-performing index, revealed a study conducted by WhiteOak Capital Mutual Fund.

Funding winter for startups likely to thaw this year As markets stabilised, some fledgling companies went bust while others changed their business models to attract funds and survive the downturn. "We started seeing many companies that had raised seed funding come back to us towards the end of last year," Garg said. “Today, the market is in very good shape as we have enough time to do our due diligence before giving a term sheet.

Indian Hotels: The brokerage has a target price of ₹680 for the stock, indicating a 19 percent potential upside. MOSL expects the strong momentum to continue in FY25, led by 1)an increase in ARR; 2) sustaining higher occupancy levels led by favourable demand-supply dynamics; 3) strong room addition pipeline till FY28 in both owned/leased (2,779 rooms) and management hotels (10,174); 4) higher income from management contracts; and 5) value unlocking by scaling up reimagined and new brands. In FY25, Indian Hotel (IH) expects to sustain double-digit revenue growth, with new businesses expected to grow 30%.

Crompton Greaves Consumer Electricals, one of the leading consumer companies in India, saw its shares surge by 15% during early morning trading today, reaching a 20-month high of ₹390.40 per share. This increase followed the company's impressive performance in the March quarter, surpassing street estimates, largely due to heightened demand for its fans and air coolers.

“Foreign Institutional Investors (FIIs) turning net sellers in India can be attributed to various factors, including global uncertainties regarding monetary and interest rate policies, rising growth concerns in the US, and the possibility of asynchronous monetary policies across the world,” says Pradeep Gupta, Co-founder & Vice-chairman, Anand Rathi Group. In an interview with ETMarkets, Gupta said: “Investors should not overly concern themselves with short-term market movements and should maintain their portfolio allocation in line with their long-term strategic decisions,” Edited excerpts: What a twist market saw in the week gone by. We retested crucial support levels. What is causing the panic on D-St? Pradeep Gupta: The recent market movements have indeed been notable, with a retesting of crucial support levels indicating a certain level of volatility and uncertainty.