Sustainability Financial News

Kisanserv has announced a plan to open 250 new retail stores across Pune and Mumbai over the next three years, tripling its current footprint. According to the company, it's unique selling proposition lies in offering fresh, premium-packed fruits and vegetables at prices 15–25% lower than the market average. Niranjan Sharma, Founder and CEO of Kisanserv, said in a statement, «Our mission at Kisanserv is twofold: to provide consumers with affordable, high-quality produce and to support local farmers by ensuring fair prices and direct sourcing.»

NEW DELHI : The Export-Import Bank of India has predicted that India's total merchandise exports will reach $116.7 billion in the ongoing first financial quarter, growing 12.3% year-on-year on strong economic fundamentals and sustained manufacturing and services activity. The Exim Bank also projected non-oil exports to grow by 10.7% to reach $93.9 billion in the first quarter. Exim Bank's report underscored that an anticipated global easing of monetary tightening is expected to enhance global demand, which would provide further support to India's export growth.

₹1,618 crore from ₹954 crore in FY23. In addition to announcing its best-ever financial performance, the BSE declared a final dividend of Rs 15 per equity share for FY 2023–2024, as per the filing. In FY24, the exchange's net profit climbed to ₹404 crore, a 97% rise over the previous fiscal year.

NASA's Artemis III is set to be a mission in 2026 that will carry a unique payload designed to explore the feasibility of growing plants in the lunar environment. NASA has selected the first scientific instruments for astronauts to deploy on the Moon's surface during Artemis III, including the Lunar Effects on Agricultural Flora (LEAF). LEAF will study how the lunar environment impacts space crops, examining plant photosynthesis, growth, and stress responses under space radiation and partial gravity conditions.

Also Read: Breakout stocks today: Sumeet Bagadia recommends five stocks to buy today The brokerage firm also expects the momentum in India’s defence exports to continue averaging to ₹300 billion annually over FY24-32F. Nomura has initiated coverage on HAL shares and BEL shares with a ‘Buy’ rating and expects an upside potential of up to 23% - 30%. Nomura initiates coverage on the stock with a ‘Buy’ rating and HAL share price target of ₹4,750 apiece, valuing HAL shares at 38x FY26 earnings.

Wealth Monitor app has revealed that 65% of investors are struggling to outperform basic market benchmarks with their mutual fund holdings. The portfolio review app, designed to compare an investor's portfolio’s returns against market benchmarks, revealed a lesser-known reality that might have a significant impact on how investors view their portfolio’s returns. The reality is that a majority of mutual fund investors are inadvertently leaving substantial money on the table by failing to beat the broader market indices.

Novo Nordisk's oral semaglutide tablet, branded Rybelsus, is gaining popularity in India though doctors have cautioned against indiscriminate use of the drug approved for treating diabetes and also for weight reduction. Sales of the drug have more than doubled in the past year to ₹363 crore in April from ₹147 crore a year earlier, showed data from market researcher Pharmarack. Touted as a game changer for treating Type 2 diabetes, Rybelsus was launched in an oral form in India in 2022. The pill is marketed in three strengths (3, 7 and 14 mg), and is priced at about ₹10,000 a month.

MUMBAI : Inox Air Products has signed a 20-year agreement with Asahi India Glass Ltd (AIS) to supply green hydrogen to the glass maker's greenfield float glass facility in Chittorgarh, Rajasthan. As part of the agreement, announced on Tuesday, Inox Air Products will handle the design, engineering, installation, operations, and continuous supply of green hydrogen to the AIS facility for the next 20 years. This project marks Inox Air’s first green hydrogen unit, with a planned capacity of 190 tonnes per annum.

Cumulative inflows during ISA season (15 February to 5 April, inclusive) hit £5.2bn, up from £981m the same time last year.  April marked the thirteenth highest inflows level in Calastone's records and followed a record quarter for equity fund subscriptions, which reached £7bn in the first quarter of 2024. Interest in North American equities remained high, with net inflows reaching £1.2bn, the fourth-best month on record. Investor optimism also spread to global and European equities, which took in £1.5bn and £471m, respectively. Equity funds take majority of sustainable inflows in ...

"Innovation, guided by a commitment to the environment and social responsibility, has the power to reshape our world. At CGI, corporate social responsibility isn't just a principle—it's integral to our identity. We urge our professionals to join us in addressing sustainability challenges through pro bono engagements, leveraging technology to create lasting solutions.

Heard of the Trash Isles? It’s a ‘country’ with over 100,000 citizens, with Judi Dench as its queen and Dwayne ‘The Rock’ Johnson as defence minister. This floating mass of trash clumped together and polluting the Pacific Ocean was declared an imagined country by an awareness campaign to focus attention on the ‘no man’s land’ that gets polluted by everyone’s waste but is taken care of by no one.

₹3.25 crore in a private placement round. The firm, which supplies sustainable lighting and power products solutions, has secured the funding while it aims to launch its initial public offering (IPO) to raise nearly ₹30 crore around August this year. "GRE Renew Enertech has successfully secured funding of ₹3.25 crore in a private placement round.

IIT-M) on Wednesday said it has raised Rs 513 crore in funding—more than double what was raised last year—from its alumni, industry and individual donors during 2023-24. The alumni did most of the heavy lifting, contributing Rs 368.19 crore, followed by the CSR segment contributing Rs 95.53 crore, with the rest coming from other sources. Additionally, the institute has attracted total new pledges worth Rs. 717.8 crore from alumni and corporate partners during FY24. The alumni have pledged Rs 455.6 crore whereas the CSR segment has pledged Rs 262.2 crore.

₹7,500 crore to PMJAY this year. Officials from NITI Aayog, health ministry, and private hospitals who held a review meeting of the scheme on 1 May raised concern over the inadequate release of funds by states for the insurance scheme, persons aware of the matter said. “The problem of untimely payments to the hospitals arose when some states like Telangana, and Andhra Pradesh merged their state health scheme into the PMJAY," said Girdhar Gyani, director general, Association of Healthcare Providers of India (AHPI).

India needs 8-10% growth over next decade to reap demographic dividend: RBI However, April's RBI bulletin warned that extreme weather events and prolonged geopolitical tensions could lead to volatile crude oil prices and pose inflation risks. In an event hosted by the National Council of Applied Economic Research in New Delhi, the CEA said, "The omens are good for us to continue the steady growth rate".

retail sector in India registered a growth of 27 per cent on an annual basis in April, driven by stable fuel prices and new model launches even as Lok Sabha elections dampened consumer sentiment, FADA said in a press release on Wedensday. Retails of two-wheelers increased by 33 per cent while three-wheelers, passenger vehicles, commercial vehicles and tractors grew by 9 per cent, 16 per cent, 2 per cent each, the auto body said. The tractor segment grew by 1 per cent in April. Auto retails in April were buoyed by a favourable market sentiment which was driven by stable fuel prices, a positive monsoon outlook, festive demand and the marriage season.

₹300 to ₹315 per share. Aadhar Housing Finance IPO raised ₹898 crore from anchor investors on Tuesday, May 7. Bids can be placed for multiples of 47 shares, with a minimum bid of 47.

Dr Pawan Goyal, ED and Chief Business Officer, Naukri.com, says “the salary growth is expected to remain in single digits. This has moderated from the time period of 22 when the great resignation wave was underway. So, 6% to 7%, somewhere in that range is where we expect the salary growth.” We were in fact quite surprised to see the consumer side starting to witness high demand. Talk to us about that to start with from that side. Dr Pawan Goyal: If you look at the overall JobSpeak index, it has been flattish. It is minus three on a year-on-year basis and minus one on month-on-month basis. From a statistical standpoint, I would consider that flattish. Over the consumer sectors that are doing very well, is oil and gas; FMCG; travel, tourism, and hospitality; as well as auto. They have been consistently growing for several months at a time and April numbers are in line with that.

Aurobindo Pharma has been in a broad range since November 2023 wherein the stock has taken support near Rs 985 levels a few times while on the upside, it shows a resistance near its all-time high level of Rs 1,177. Post 19th March, the stock has been in a broader uptrend and has not been able to breach its resistance zone in the past 5 trading sessions.

Expert view: Indian stock market inherently strong to sustain gains; look beyond immediate triggers The Sensex concluded the trading day with a decline of 384 points, or 0.52 percent, settling at 73,511.85. Similarly, the Nifty 50 ended 140 points lower, or 0.62 percent, at 22,302.50, with 34 stocks recording losses. This marks the third consecutive session of setbacks for the Nifty 50 index.

Sumitomo Mitsui Financial Group has invested Rs 1,300 crore in SMFG India Credit Co Limited through a rights issue, with the funds set to be used for expansion efforts in the latter’s housing finance business. The Sumitomo Mitsui Financial Group holds 100% in SMFG India Credit Co, which was formerly Fullerton India Credit Company Limited. Following the fund infusion, SMFG India Credit Co has invested Rs 150 crore in its wholly owned subsidiary SMFG India Home Finance Co. Ltd.