Sustainability Financial News

15.05 / 10:21

UPS Provident Bitcoin news Sustainability Bitcoin reports Bitcoin Price Prediction: BTC Nears $62,000 Amid Fed’s Hawkish Stance and PPI Report; CPI Ahead

On Wednesday, Bitcoin traded at $61,949, up 0.65%, as the Federal Reserve’s hawkish stance on interest rates impacted its price outlook. Concerns over inflation and higher interest rates have dampened investor sentiment toward cryptocurrencies.

15.05 / 08:09

Sustainability Department abrdn chief sustainability officer Amanda Young departs after a decade

Young originally joined Standard Life prior to its merger with Aberdeen Asset Management – which went on to become today's abrdn – in 2013, taking on the role of head of responsible investments. PIMCO and abrdn funds lose Square Mile rating following manager departures She became global head of responsible investment for abrdn in 2018, a position Young held for three years until her promotion to chief sustainability officer in January 2022. An abrdn spokesperson confirmed to Investment Week that Young had left the firm. Marlborough hires abrdn's James Athey as co-manager of bond...

15.05 / 04:03

markets Target Analysis Sustainability Research trends recommendations Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 15

Buy or sell stocks for today: Despite mixed global market sentiments, the Indian stock market ended higher for the third straight session on Tuesday. The Nifty 50 index finished 113 points higher at 22,217, while the BSE Sensex gained 328 points and closed at 73,104. The Bank Nifty index gained 105 points and closed at 47,859.

14.05 / 19:21

markets Manufacturing Sustainability trends President reports April car sales growth moderates on high base

Car sales in the local market rose 1.3% to 335,629 units last month. Automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. A high base due to the strong growth in the last two years weighed on the year-on-year comparison, resulting in the tepid pace of growth in April. Though the growth rate moderated in April, it was the fourth consecutive month in CY24 when sales volume in the local market set a new record, as per data from Society of Indian Automobile Manufacturers (SIAM).

14.05 / 18:57

COST Waters security Align Sustainability performer innovations 3GV by Rx Propellant receives the World’s first ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences Building

RX Propellant has secured the first ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences Building globally for 3GV, one of the pharma and life sciences facilities located at Genome Valley, Hyderabad. Rx Propellant that specialises in life science real estate projects across India has portfolio in Hyderabad, Bengaluru, and Mumbai. The company has taken the helm in developing 3GV as a flagship life sciences and pharma centre, with a total built-up area of 150,000 sq. ft.

14.05 / 16:15

UPS Target FIVE Sustainability Dreams country Nayara announces foray into ethanol production with investment of ₹600 cr

₹600 crore to establish two ethanol plants in Andhra Pradesh and Madhya Pradesh, each with a production capacity of 200 kilolitres per day. The move, in line with the government's 2025 ethanol-blending target, will help the oil-refining to fuel-retailing major achieve vertical integration, the company said in a statement. Land has already been acquired for the proposed facilities in both states, it added.

14.05 / 14:59

markets ETF Strategy Sustainability track reports Cathie Wood's ARK Invest poaches northern Europe sales boss from Circa5000

Prior to his time at the London-based impact ETF issuer, he worked as sales director at Orpheus Partners and business development manager at LGBR Capital. Spells will report to ARK Invest Europe's head of sales James Thomas, who said his hire marks a «pivotal moment» for the firm and underscores its «enhanced» commitment to European investors. AssetCo sells loss-making Rize ETF to Cathie Wood's ARK Invest «With his expertise in European market dynamics and a strong track record in selling active and sustainable strategies, Paul is well equipped to amplify our capabilities and impr...

14.05 / 14:47

markets Manufacturing Sustainability Election President reports Auto sales growth moderates in April, sets record despite tepid demand

Car sales in the local market rose 1.3% to 335,629 units last month, and automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. Though the growth rate moderated in April, it was the fourth consecutive month when sales volume in the local market set a new record, as per data from industry body Society of Indian Automobile Manufacturers (SIAM). Two-wheeler sales posted strong growth, increasing 30.8% from a year earlier to 1,751,393 units. Three-wheeler sales rose 14.5% to 49,116 units.

14.05 / 13:35

markets Reuters Fox CEO Sustainability Southern reports Walmart cutting hundreds of corporate jobs, asking remote workers to return to office: report

A Walmart associate operates an autonomous forklift around the distribution center. (Credit: Walmart)

14.05 / 11:17

Digital Strategy Mobile Sustainability wellness reports recommendations Bharti Airtel Q4 Results: Profit slides 31% YoY to Rs 2,072 crore; dividend declared at Rs 8/share

Telecom major Bharti Airtel on Tuesday reported a 31% fall in its consolidated net profit at Rs 2,072 crore for the quarter ended March 2024. This compares with Rs 3,006 crore profit in the previous year's quarter. The profit missed the Street estimates by a wide margin, which saw the figure around Rs 3,274 crore.

14.05 / 08:19

markets COST Provident Sustainability GTL information Updates Small-cap stock below ₹50: Green energy stock hits upper circuit after this profit rise update

Small-cap stock below ₹50: According to the latest market data, Gujarat Toolroom shares have been in an uptrend since the early morning session on Tuesday. Today, the share price opened upside at ₹24.12 apiece on BSE and touched an intraday high of ₹26.29 apiece on BSE.

14.05 / 06:53

markets FIVE economy Sustainability Election trends Cycling General Elections 2024: How can stock market investors make most out of the ongoing Lok Sabha polls?

election result periods. The convergence of conducive reforms has been a key driver, underscoring the potential for positive returns regardless of the political landscape. Since 2014, India has witnessed political stability under the BJP's majority rule, and now amid the national elections, political continuity remains the anticipated trajectory.

14.05 / 02:49

markets Target Analysis Sustainability Trade Experts recommendations Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 14

Buy or sell stocks: Despite a gapdown opening, the Indian stock market demonstrated a significant recovery, closing higher on Monday. The Nifty 50 index concluded 48 points higher at 22,104, while the BSE Sensex ended 111 points higher at 72,776. The Bank Nifty index surged 333 points and settled at 47,754.

14.05 / 02:49

Sustainability testing Updates Interviews cricket BCCI officially invites applications for next Team India head coach. All you need to know

BCCI, the new head coach will have a three-and-a-half-year tenure, starting immediately after the T20 World Cup and ending in December 2027, just after the conclusion of the next ODI World Cup. Announcing the update in a release, BCCI secretary Jay Shah stated, “The BCCI on Monday invited applications for the position of Head Coach of the Senior Men’s Team.

13.05 / 19:47

UPS FIVE Aviat Manufacturing Sustainability country Nayara Energy to set up two ethanol plants for ₹600 crore

Nayara Energy is planning to invest ₹600 crore to set up two ethanol manufacturing plants in the country, said a senior company executive. Each plant will have a production capacity of 200,000 kilo litres of ethanol per day. These will be set up in Andhra Pradesh's Naidupeta and Madhya Pradesh's Balaghat, and are slated for commissioning by 2026. The company will use broken rice and maize for feedstock. In the long run, the company plans to have five ethanol manufacturing plants. «We have big plans on the ethanol front. By 2025, we have to blend 20% ethanol, so we have a mission for 100% sourcing. We aim to have at least five ethanol plants in the long term but to start with, we are setting up two,» said Prasad Panicker, executive chairman at Nayara Energy.

13.05 / 17:41

markets UPS Platform Sustainability electronic testing From Amazon to Cashify: Top 5 Platforms for ‘Refurbished Premium’ Smartphones

Amazon, a titan in the e-commerce industry, also offers a wide selection of "renewed" smartphones through its platform. Each device undergoes comprehensive diagnostic testing and inspections before being reset to factory settings, guaranteeing functionality and quality for buyers. Specializing in refurbished smartphones, ReFit Global offers the affordability and environmental benefits of refurbished electronics.

13.05 / 17:41

markets UPS Manufacturing Sustainability performer reports INOX India Q4 results: Net profit jumps 44% YoY to ₹44 crore; revenue up 17%

₹44 crore in Q4FY24 from ₹30.6 crore during the year-ago quarter. The company's revenue increased 17% year on year from ₹235 crore to ₹276 crore during the period under review. “With numerous historic milestones crossed, FY24 continues to delight us and our stakeholders.

13.05 / 17:29

UPS Provident Extreme Sustainability performer innovations Features 10 Best Solar Panels in India: Harnessing Innovation for a Sustainable Future (2024)

Their importance lies not only in their capacity to generate clean electricity but also in their versatility, offering solutions for a myriad of applications, from residential rooftops to vast commercial installations. As the demand for renewable energy grows, selecting the best solar panels ensures reliable performance and long-term savings on energy costs. More than just a technology, solar panels represent a tangible step towards the commitment to a cleaner, more sustainable world.

13.05 / 12:29

markets Sustainability show stars reports Department shock Polycab stock is wired for growth, but risks of a shock persist

₹6,468.90 on Monday. The reason is simple. Investors are upbeat about the strong March quarter (Q4FY24), which saw the company gain market share and grow its volumes.

13.05 / 12:29

markets Strategy Sustainability Election trends Trade performer Stock market crash: Why are FIIs selling Indian equities aggressively? Are Lok Sabha elections to be blamed?

Stock market crash: In May, FPI selling in the cash market has been relentless. FPIs have been sellers on every trading day and have sold equity for ₹24,975 crores. This has contributed to the underperformance of the Indian market.

13.05 / 11:37

markets Provident Manufacturing Sustainability Research information International Altigreen eyes profitability following restructuring

BENGALURU : Reliance-backed electric vehicle maker Altigreen, unable to raise funds over the past year amid a surgical restructuring, is now chasing a metric that’s become the investors’ darling: profitability. That, however, might be a long and bumpy road. As part of a restructuring in December after the company failed to raise funds last year, Altigreen laid off about 200 employees and cut salaries by 30-40% to pare expenses, two people familiar with its operations told Mint, requesting anonymity.

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