Sustainability Financial News

«After eight years at Sarasin & Partners in several senior roles, Jerry Thomas has decided to move on to pursue challenges outside the business. He leaves with our best wishes for the future,» a spokesperson said.  He currently co-manages the Sarasin Responsible Global Equity, Thematic Global Equity, Global Dividend, IE Global Equity Opportunities and JSS Sustainable Equity — Global Thematic funds. Sarasin & Partners names head of investment strategy in leadership team shake-up Thomas joined the firm in 2016 from Allianz Global Investors, where he spent 12 years as a UK, European a...

Swiss Military on Friday said it will set up its first fully owned manufacturing unit in India in Haryana with an initial investment of Rs 56.5 crore. The company plans to set up its first fully owned manufacturing unit for luggage and travel gear in Faridabad, Haryana, Swiss Military Consumer Goods Ltd said in a statement. Spread over 1.21 acres and a built-up area of about 85,000 sq ft, the proposed plant will have a production capacity of 10 lakh pieces per year, it added. The targeted completion for the manufacturing unit will be within 8 months by Dec 31, 2024 at an initial investment of Rs 56.50 crore, the company said.

Bond traders pulled forward expectations for the Federal Reserve’s first full interest-rate cut by a month to November ahead of a key US jobs report on Friday.

processed foods have become a convenient option for many. From ready-to-eat meals to nutrition products, different products line our shelves promising quick satisfaction. However, lurking beneath the appealing packaging are hidden dangers that can wreak havoc on our health. India's food and beverage (F&B) industry has undergone a significant change. It is crucial for businesses, policymakers, regulators, public health experts, and industry leaders to educate consumers about scientifically backed information. This is where the labelling of F&B products becomes vital in enabling consumers to make well-informed choices about their nutrition. In the maze of product labels adorning packaged foods, deciphering the fine print can be daunting. However, mastering the art of reading labels is crucial for making informed and health-conscious choices. Here's a guide on how to navigate product labels effectively:

Stock market today: Continuing its upward trajectory from Thursday, the Indian stock market experienced a significant rally in early morning trading as the Nifty 50 reached a new milestone of 22,794, surpassing its previous high of 22,783 set earlier this week on Tuesday. This achievement underscores the market's resilience and upward trend.

₹537.50 apiece on the BSE. Dabur India posted a consolidated net profit of ₹341.22 crore for the quarter ended March 2024, recording a growth of 16.5% from ₹292.76 crore in the year-ago quarter. The FMCG major’s revenue Q4FY24 rose 5.11% to ₹2,814.64 crore from ₹2,677.80 crore, YoY.

Also Read: Stock market today: Trade set up for Nifty 50 to Sensex, 6 stocks to buy or sell on Friday — May 3 On an intra-week basis the benchmark index has registered an all-time high at 22,783 levels, indicating bullish sentiments. On the daily and weekly time frame, the index continues to scale with higher tops and bottoms formation, indicating a sustained uptrend. The index is well placed above its 20, 50, 100 and 200-day SMA which reconfirms a bullish trend.

The European Union has announced an aid package for Lebanon of 1 billion euros — about $1.06 billion — that will mostly go to strengthening border control to halt the flow of asylum seekers and migrants from the small, crisis-wracked country across the...

As the meme coin market shows signs of revival, Bitcoin also displayed robust market activity, trading at approximately $59,140 with a 24-hour trading volume of about $35 billion.  The cryptocurrency has increased by around 3.25% in the last day, mirroring the gains seen in the recovering meme coin market.

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

Logistics company Blue Dart Express on Thursday reported a consolidated net profit of Rs 77.78 crore for the March quarter, registering a 12% increase on the back of revenue growth. The company had reported a net profit of Rs 69.44 crore in the year-ago period. The express air integrated transportation, and distribution logistics company, declared its financial results on Thursday for the March quarter and the entire 2023-24 fiscal year at its board meeting held in Mumbai.

Tata Communications has raised $250-million loan from ANZ, DBS and Export Development Canada for five years under the sustainability-linked loan (SLL) framework, chief financial officer Kabir Ahmed Shakir said. The company will look at the framework for long term debt financing and refinancing of existing debt, he said. "Our endeavour is to finance our future borrowings (including refinancing of existing debt as it matures) under the SLL released.

Gujarat Toolroom on Thursday said it has acquired a 65-acre land parcel in Gujarat to set up a green energy project at an investment of Rs 572 crore. «Upon completion, the Hybrid Power Plant aims to contribute 97.5 megawatts of clean and sustainable electricity to the grid, the company said in an exchange filing. The company said it aims to set up the plant in 3-5 years. The company has acquired 65 acres of land on long-term lease in Gujarat for the establishment of Green Energy Hybrid Power Plant Project worth Rs 5.72 billion, it said.

Tata Projects on Thursday reported a profit after tax of Rs 120.57 crore for the quarter ended March 31 on the back of higher revenues. The company had posted a loss of Rs 366.42 crore in the year-ago period, Tata Projects said in a statement. These figures are after exceptional and/or extraordinary items.

The deal will expand Janus Henderson's ETF business in the US into Europe and is expected to complete in the second quarter of 2024.  Tabula IM was set up in 2018, specialising in fixed income and sustainable ETFs. The firm manages $500 in assets and has funds listed across ten European exchanges, serving clients across 15 countries.  Janus Henderson said it expects the acquisition to enhance its partnership with its UK and European client base, which it said is increasingly looking at active ETFs, and to reach markets in Latin America, the Middle East and APAC. Two Janus Henderson...

Punit Lalbhai, VC & Executive Director, Arvind, says, «We are rapidly decarbonizing our energy footprint. So, a lot of renewables, we are replacing fossil fuels for thermal energy using agro waste, so sustainability is a very, very strong theme. So, I think these are the couple of big themes right now — consolidation, more verticality, and a huge focus on sustainability.» «In the 80s, I think when my father started getting very active in the business, he realised that traditional textiles were under a lot of pressure from the unorganised segment. So, he had this vision called Renovision, where he reinvented the company and pivoted it to an export-oriented model and that has what made Arvind the largest denim company in the world,» says Kulin Lalbhai, Executive Director, Arvind Ltd. How would reflect on the journey of the Arvind Group? Kulin Lalbhai: If we just go back to the journey of this group, I think one definition or one pattern has been that we have had a constant reinvention. I think for any business to survive for 100 years, you have to constantly change and as you said when we started out, when the whole Swadeshi movement was there, we were producing a lot of traditional textile clothing. In the 80s, I think when my father started getting very active in the business, he realised that traditional textiles were under a lot of pressure from the unorganised segment.

India’s FY25 growth forecast upward to 6.6% from 6.2% projected earlier. “Strong investment and improving business confidence in India are projected to sustain real GDP growth of just over 6½ per cent in both FY25 and FY26, despite relatively sluggish private consumption growth,” OECD said. “Domestic demand will be driven by gross capital formation, particularly in the public sector, with private consumption growth remaining sluggish,” it further added.

Axis Mutual Fund has announced the launch of Axis Nifty Bank Index Fund, an open-ended index fund tracking the Nifty Bank TRI. This open-ended index fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of leading Indian banks, the fund house said in a release. The new fund offer or NFO will open for subscription on May 3 and close on May 17.

Over the last few years, the Indian real estate sector has observed a notable shift, as homebuyers are increasingly looking out for serene and offbeat destinations that are far away from the hustle and bustle of metropolitan cities. Cities like Sonipat, Bhiwadi, Panchkula, and Meerut have emerged as premier locales for residential investments, boasting a blend of natural beauty, cultural richness, and a growing economy. This transition reflects a desire for a better quality of life, where serenity meets modern amenities in a relaxed environment.

Indian stock market today: Global equities witnessed a strong rebound after the US Fed meeting, which signaled a willingness to go for a rate cut once there is an ease in the inflation concerns. On Dalal Street, the frontline Indian indices and broad market witnessed buying interest during morning deals, which are still underway.

Having a resilient investment portfolio tailor-made to each life stage is essential for financial security and success. During early adulthood, the goal is to invest for financial growth, considering that income is low relative to their future. Investments are risky, but yield the financial benefits needed. Mid-life calls for a balance of stability and growth, with investments primarily going into real estate, bonds and other stable growing investments.