Sustainability Financial News

Aditya Arora, Adlytick, says he would like to go with Reliance. It is doing well after a long time. So, Reliance could be bought at Rs 2970. Rs 2900 is the stop loss and Rs 3070 is the target. The second one is Cipla from the pharma space. This could be bought at Rs 1471, Rs 1430 is the stop loss and Rs 1540 is the target. Today, Nifty seems to have comfortably crossed the 22,500 mark that it has been holding on for quite a long time. Do you expect this up move or Nifty to now comfortably stay above the 22,500 levels? Aditya Arora: The participation is good from the Reliance end, but auto is also doing well. However, other heavyweights are not participating. I would calculate the decisive breakout would come above 22,800 in Nifty futures and decisive breakout in Bank Nifty would come above 49,200. I would be bullish once these levels are crossed and sustained.

Deposit growth, too, has gathered pace on the back of aggressive competition, a push for deposits, and competitive TD rates offered by banks. As a result, the gap between credit and deposits narrowed to 3.4% in March 2024.

₹400 lakh crore for the first time during today's trading session. This achievement comes amid a sustained rally in the large, mid and small-cap stocks, extending for the third consecutive session, with heavyweight stocks playing a major role in driving the surge. The market sentiment has been bolstered by positive financial updates from numerous companies, setting an optimistic tone ahead of the upcoming earnings season.

Stock market today: Ashok Leyland, ICICI Bank to NCC — 7 buy or sell stock ideas by experts Experts recommend focussing on technically and fundamentally sound stocks for the short term. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks. Take a look: On the weekly chart, BEL has broken out of an eleven-week consolidation zone ranging between ₹217 and ₹179.

SAIC Motor Corp Ltd said its unit MG Motor India Pvt Ltd plans to introduce investors including JSW Ventures Singapore Pte Ltd, through an equity transfer and by increasing share capital. As part of the deal, JSW Ventures, a unit of JSW International Tradecorp Pte Ltd，will buy an aggregate 35% stake in MG Motor India for a total of 35.77 billion Indian rupee ($429.4 million). «As MG Motor India aims to continue to increase MG brand's market share in India and effectively prevent operating risks, the unit plans to introduce local Indian investors to create more favorable conditions for sustainable and healthy development,» SAIC said in statement late on Sunday.

Dogecoin (DOGE/USD) has recently shown significant market activity, with its price reaching $0.20, exhibiting a 12% rise within the last 24 hours.

Mirabai Chanu, the esteemed Indian women weightlifter, has made a resounding comeback to the competitive weightlifting scene. Her remarkable performance at the IWF (International Weightlifting Federation) World Cup 2024 not only marked her return to the sport but also secured her qualification for the prestigious Paris 2024 Olympics. The 29-year-old Manipuri weightlifter sensation finished third in Group B of the women's 49kg (and 11th overall) at the IWF World Cup to book her berth at the Paris Games. Mirabai's path to Paris was paved with dedication and perseverance as she adhered to the rigorous qualification criteria set by the IWF. Her participation in at least five major events, including the World Championships and the 2024 World Cup, ensured her eligibility for the Olympic stage. Currently ranked second in the Olympic Qualification Rankings (OQR), Mirabai's return to form signals her readiness for the upcoming challenge.

Poodl Inu is a new meme coin that is currently hosting a sizzling hot presale. 

TMC workers in connection with a probe of a 2022 blast in East Medinipur district. Two NIA officials sustained injuries in the incident while stones were reportedly pelted and vehicle of the officials was allegedly vandalized as they arrested two TMC workers. Slamming NIA and other agencies, West Bengal Chief Minister Mamata Banerjee questioned Why raids were conducted at midnight and ahead of elections. A similar incident took place on January 5, which rocked the state, when an Enforcement Directorate officials went to conduct a raid at Trinamool Congress leader Shahjahan Sheikh’s house in Sandeshkhali in North 24 Parganas district and five ED officials were injured. In a High Court probe, NIA had summoned two residents of Bhupatinagar-Balai Maiti and Manobrata Jana, in connection with the blast that ripped apart a house in Bhupatinagar on December 3, 2022. Three people were killed in the incident. As they did not appear for questioning, NIA officials nabbed them for questioning on Saturday early morning.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) The majority of experts expect crude oil prices to move higher in the short term due to supply-related factors and escalating geopolitical tensions.

Q4 Results Preview | Telecom cos to report moderate growth on ARPU upgrades; Bharti Airtel, Jio to lead the pack According to the report, banks are at an unusual junction wherein frontline names have underperformed. With outperformance by other private and mid-tier PSU banks, the valuation gap between mid-tier and frontline has narrowed. “We retain our neutral stance on banks; hereafter, the riskreward may be tilted toward frontline peers.

OIS) rates, the main financial market tool for gauging the direction of monetary policy, show that derivatives markets have broadly relinquished expectations of rate cuts in 2024 as the central bank continues with its unequivocal focus on bringing inflation down to its target of 4%, which is still some distance away. «The OIS market has moved towards pricing out all rate cuts in aggregate. There is a hope that maybe there could be nominal rate cuts towards the end of the calendar year, but it isn't really priced currently,» said Nitin Agarwal, head of trading at ANZ. «In any case, given the current domestic growth-inflation dynamics and the situation with US economic growth, our market does not expect a deep rate cut cycle,» he said.

Zimbabwe has launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population

NEW DELHI : India can sustain 7% growth annually in the coming years propelled by investments flowing into the country, high domestic savings, and by addressing supply-side challenges, Louis Kuijs, chief economist, Asia Pacific, at S&P Global Ratings, told Mint. If the government continues to work on resolving challenges related to infrastructure, institutional factors, labour laws, land acquisition rules, and education, the country can aspire to grow even faster, Kuijs said.

₹2,230.78 crore. Sanlam Emerging Markets Mauritius Ltd said in a statement that it will increase holding in Shriram General Insurance Co. Ltd by 10.74% and in Shriram Life Insurance Co.

B Capital, which has backed the likes of Byju’s, Meesho and Pharmeasy in India, has announced two appointments to further expand its climate investment practice. Rich Lesser, global chair and former CEO of Boston Consulting Group (BCG), has joined as vice chair, climate & sustainability and senior advisor, as per a statement.

company secretaries will be tremendous to manage the inflow of capital both from the Indian and international investors, a top domain expert said on Friday. «We have to increase the pool of Company Secretaries (CS) to 95,000 by 2030 and to 1.4 lakh by 2047, the year of Viksit Bharat economy driven by capital flow and the government-initiated infrastructure development,» B Narasimhan, President of the Institute of Company Secretaries of India (ICSI), said here. Currently, ICSI has around 70,000 CS members and over 2 lakh students, he told PTI. Narasimhan gave an insight into the aspects resonating with the Indian economy.

Lok Sabha elections, it appears that the country's youngest eligible voters are displaying a concerning lack of interest in participating in the democratic process. Recent data reveals that fewer than 40% of 18- and 19-year-olds across the nation have registered to vote, with certain states like Bihar, Delhi, and Uttar Pradesh recording enrollment rates of less than a quarter, a TOI report stated. According to statistics released by the Election Commission after the announcement of poll dates, only a little over 1.8 crore new voters in the 18- and 19-year-old bracket have been included in the electoral rolls. This figure is considerably lower than the projected population size of this demographic, which stands at just under 4.9 crore. In essence, merely 38% of these first-time voters have successfully registered. Although there is a possibility of this number increasing as various stakeholders intensify their efforts to encourage registration, the current scenario raises questions about the extent to which such initiatives can effectively address the issue. Telangana emerges as a notable exception, with over 8 lakh 18- and 19-year-olds enrolled to vote, constituting approximately 66.7% of its projected population within this age group. Conversely, Bihar, known for its youthful population, reports dismal figures, with only 9.3 lakh enrolled out of a potential 54 lakh (17%). Similar trends are observed in other states like Delhi, Uttar Pradesh, and Maharashtra, where enrollment rates remain notably low.

Comparing the statistics between the two cities, the Indian Institute of Science's latest study underscores a striking resemblance. Over the years, Bengaluru's urban sprawl has surged from a mere 8 per cent in 1973 to a whopping 93.3 per cent in 2023, marking an unprecedented 1055 per cent increase in concrete structures. This unchecked expansion has led to a drastic 79 per cent reduction in water spread area, significantly impacting water availability. Hyderabad's trajectory isn't too far off. Data from the municipal administration and urban development department (MAUD) indicates a substantial surge in commercial and residential built-up areas. Between 2010 and 2014, the city witnessed a growth of 50.7 million square feet (sft) in commercial built-up area, followed by an expansion of 100.4 million sft from 2015 to 2019. Additionally, the built-up residential area saw a surge of over 500 million sft from 2015 to 2021. Although precise current figures are unavailable, experts estimate a surge of 70 per cent to 80 per cent in the last three years.

Nadir Godrej, Chairman, Godrej Agrovet, says outlook for the “cattle feed as well as aquafeed segments are good. We have a lot of premium cattle feed products now. We have done a lot of R&D in cattle feed, which is showing good results. Our products are being well received. They are more efficient products. So, with less feed, you get better milk yield and therefore they are more sustainable products also because you can produce milk with lower carbon emissions.” Let us begin by talking about palm oil prices. In the last month, there has been 11% rise. What is your outlook as to where prices could potentially be headed? Nadir Godrej: Palm oil prices had risen quite a lot. They were expected to rise because they were quite low and there was a lot of demand and high production of other oils such as soybean oil and sunflower oil. But now the palm oil prices have reached the level expected and we do not really expect any further big increase. Of course, there will be small fluctuations, but generally speaking we expect fairly steady prices for quite some time.

Reserve Bank of India has proposed that CBDC (Central Bank Digital Currency) or, the eRupee, to be accessible to broader sectors of customers by enabling non-bank payment system operators to offer CBDC wallets. . According to the RBI's Statement on Developmental and Regulatory Policies issued on April 5, 2024, “Distribution of CBDCs through Non-bank Payment System Operators CBDC pilots in the Retail and Wholesale segments are underway with more use-cases and more participating banks. Continuing with this approach, it is proposed to make CBDC-Retail accessible to a broader segment of users in a sustained manner, by enabling non-bank payment system operators to offer CBDC wallets. This is expected to enhance access and expand choices available to users apart from testing the resiliency of the CBDC platform to handle multi-channel transactions. Necessary changes will be made to the system to facilitate this.” Further, the RBI governor said during his Monetary Policy Review speech, «The CBDC pilots are currently in operation with increasing number of use-cases and participating banks. It is proposed to make CBDC-Retail accessible to a broader segment of users by enabling non-bank payment system operators to offer CBDC wallets. This will also facilitate testing of the resiliency of CBDC platform to handle multi-channel transactions. „