Sustainability Financial News

The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession.”

Russia-Ukraine war and the ongoing tensions in the Middle East pose a significant challenge for global stability and economics, said G20 Sherpa Amitabh Kant while speaking at an event in Delhi. Kant added, «In the face of a global debt crisis impacting nearly 95 countries, urgent action is needed to pursue inclusive and sustainable growth strategies. As we navigate these challenges, our focus remains on achieving the Sustainable Development Goals (SDG) by 2030.» The G20 Sherpa was speaking at an event called 'Celebrating and Calibrating G20 — The Sherpa Speaks', it was organised by Society of Indian Law Firms (SILF) to honour the remarkable achievements of the G20 Sherpa Kant for his significant contributions in spearheading the success of the G20. He was also presented with the Award for Outstanding Achiever- India 2023.

A Hong Kong businessman and his son have surrendered to police in connection with the abduction of a cryptocurrency investor, according to a local news outlet, the South China Morning Post, citing sources familiar with the matter.

Nifty on Friday ended 98 points higher to form an Inside Bar candlestick pattern on the daily chart. If the headline index manages to hold Thursday's low of 21,932, a pullback looks possible to chartists. Last month, the index found support around 21,780 levels, and the 100-Days exponential moving average (DEMA) is placed near 21,820. Therefore, on the downside, 21,780-21,820 will act as the next key support for the index. On the upside, the 21-DEMA is positioned near 22,335, which will serve as a major hurdle, said Neeraj Sharma of Asit C. Mehta Investment Interrmediates.

Tata Motors on Friday announced a dividend of Rs 6 per share while announcing its Q4 results, which would be paid to the eligible shareholders on or before June 28. “We would like to inform that the Board of Directors at its Meeting held today has recommended declaration of final dividend of Rs 6.00 per Ordinary Share of Rs 2 each (@ 300%) (Rs 3 normal dividend and Rs 3 special dividend) and Rs 6.20 per ‘A’ Ordinary Share of Rs 2 each (@ 310%) (Rs 3.10 normal dividend and Rs 3.10 special dividend) for the financial year ended March 31, 2024. The dividend, if declared at the AGM, shall be paid to the eligible shareholders on or before June 28, 2024,” states the filing to the exchanges.

Shares of Bandhan Bank Ltd.(up 2.33 per cent), Federal Bank Ltd.(up 1.85 per cent), Punjab National Bank(up 1.44 per cent), Au Small Finance Bank Ltd.(up 1.14 per cent) and IDFC First Bank Ltd.(up 0.93 per cent) ended the day as top gainers in the pack.

ALSO READ: Dubai-Jamaica chartered flight, with several Indians onboard, sent back: 'Docs weren't satisfactory,' says MEA The incident took place after a suspected briefcase bomb brought down the plane over the mountains of Czechoslovakia, allegedly by Croatian nationalists. In the incident, all passengers and four crew members died, but Vulovic survived and became the first and only person to survive a 33,000-foot fall without a parachute.

Tata Motors Q4 Results: Tata Motors on Friday reported over three-fold jump in consolidated net profit at ₹17,528.59 crore in the fourth quarter ended March 31, 2024, riding with all its three auto businesses delivering a strong performance, specially the British arm Jaguar Land Rover. The company had posted a consolidated net profit of ₹5,496.04 crore in the same quarter of the previous fiscal, Tata Motors said in a regulatory filing. Total consolidated revenue from operations stood at ₹1,19,986.31 crore, as compared to ₹1,05,932.35 crore in the year-ago period.

global economy. From advanced automation and robotics to data analytics and artificial intelligence, technological innovations are revolutionizing every aspect of steel production and distribution. Forward-thinking leaders recognize the potential of these technologies to enhance efficiency, improve quality, and drive down costs.

Retired nurse Joyce Fleming shares why she decided to return to work due to rising costs.

Shares of Coforge Ltd.(up 3.81 per cent) and Persistent Systems Ltd.(up 0.3 per cent) ended the day as top gainers in the pack.

Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in the last few years due to a sharp rise in acquisition costs and the pandemic's financial impact. Domestic two-wheeler sales totalled 17.9 million units in FY24, recovering from a low of 13.57 million units in FY22 but falling short of peak sales of 21.18 million units in the pre-Covid year of FY19. Venu said the Indian economy is in a «good situation» with inflation under control, which will drive consumption going forward.

The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale

engineering major Larsen & Toubro (L&T) hit a two-month low of Rs 3,290, falling 6% on the BSE on Thursday after the company cut its margin guidance. However, the company is not only bullish on its engineering, procurement, and construction business, but also green energy. R Shankar Raman, president, whole-time director & CFO, L&T, tells Kalpana Pathak, the company will build its own green ammonia plant at Deendayal Port, Kandla, Gujarat. Edited excerpts: The street has given a thumbs down to L&T's earnings. Comment.

Electric vehicles (EVs) are acquiring thrust as an environment-friendly transportation solution in India, directed by ecological concerns and technological progressions. Nonetheless, the extensive acceptance of EVs is subject to the expansion of a strong charging infrastructure throughout the nation.

malfunction compromised the device's functionality, requiring Neuralink to implement a series of software fixes to correct the problem. The Wall Street Journal was the first to report the incident. Neuralink mentioned that these software adjustments helped improve the device's performance, ultimately leading to "a rapid and sustained improvement that has now superseded Noland’s initial performance." Neuralink is currently focusing on enhancing text entry and cursor control for its brain-computer interface, with long-term plans to control physical devices such as robotic arms and wheelchairs.

India’s growing consumption economy hides a worry: the changing dynamics of parenting in conflict with how the attitudes and behaviours of younger generations are shaped. Indian parents are in uncharted territory, with children online and inundated with consumerist ideals. This shift not only threatens parenting as we know it, but also makes it harder to foster healthy developmental pathways for the next generation.

BEFE is creating a strong buzz in the crypto-sphere due to its robust community, unique value proposition, and potential for riding the post-Bitcoin-halving wave. Here’s why BEFE is the next meme coin on the rise:

Mumbai (Maharashtra) [India], May 3: Tata Projects, one of the leading Indian Sustainable Technology-led Engineering, Procurement, and Construction (EPC) company and part of the world-renowned Tata Group, announced its financial results for the fiscal year. Mr. Vinayak Pai, MD & CEO at Tata Projects, elaborating on the FY24 performance, said "Our strategic realignment, organisational transformation and improved focus on operational efficiencies have started yielding results.

Financial Times about Casa Maria Luigia, an 18th-century house that has been converted into a guesthouse by Bottura and his wife, Lara Gilmore, in Modena, he likened his creative process to that of artist Ai WeiWei, whose triptych adorns the main hall and shows the artist dropping a Han Dynasty urn. “I think Ai WeiWei stole my idea," Bottura joked with the Financial Times. Also read: Warm breads, strawberry sloffen hearts at a Dutch bakery in Kochi “[Bottura] has been breaking with tradition in his kitchen for almost 30 years. Dining at Francescana at Maria Luigia offers guests the chance to try iconoclastic dishes such as ‘Oops! I Dropped the Lemon Tart’ that made Bottura famous," states the piece about the parallels between the chef and the artist.

Aparna Purohit, Head of Originals for India and Southeast Asia at Amazon's streaming platform Prime Video, has quit after an eight-year stint, the streaming platform said, confirming the development. «Over the past eight years, Aparna has played a key role in developing some of the most-loved and popular Amazon Originals for India. She championed authentic, rooted, and diverse narratives that made Prime Video’s local original content resonate with audiences,» a Prime Video spokesperson said in a statement. «She was also the driving force behind the diversity initiatives at Prime Video, significantly increasing female participation in storytelling in front of and behind the camera,» the spokesperson added.