Sustainability Financial News

Anand Tandon, Independent Analyst, says “going forward, oil is something that one needs to watch out for. We should be expecting an increase in energy costs because of the fact that despite subdued production, despite the fact that there are global issues which are preventing free flow of oil, despite all of that, the prices were remaining well under control and we had significant cutback in terms of production, I think that will now begin to show up in higher prices as we are already seeing.” It seems the markets are ignoring what is happening in the commodity universe so far. Do you think if crude goes above $90, the equity markets will begin to feel the heat? Anand Tandon: Well, yes, there is no doubt that if the oil prices were to continue to sustain higher, there will be some pressure on the economy. For now, at least, the quarter that has just ended will actually show commodity prices being relatively lower and therefore, most of the manufacturing companies will show increased operating margin.

Xcelerate, a Singapore-based GRC and ESG investment platform, has acquired a strategic equity stake in Stirrup Communication, India's leading stakeholder communications consultancy, for an undisclosed amount, sources familiar with the transaction said. Stirrup Communication, boasting a current clientele of more than 250, ranging from the Tata Group to the Birla Group, specializes in ESG communications and corporate reporting. Founded by Arvind Agrawal, Stirrup previously operated under AICL Communications Limited (AICL) before transitioning to its current identity. The company has been active in corporate reporting and stakeholder communications for over 17 years, pioneering Integrated Reporting, Sustainability Reporting, and ESG Communication. It has served as a consulting partner for over half of the integrated reports published in India. As part of the acquisition, K V Ramakrishna, former CEO of Kotak Private Equity, and KV Ramanand, CEO of XLSure India, will join the board of Stirrup. Founder Arvind Agrawal will continue to lead the company and report to the board, added another source.

Mint. Fourth Partner Energy, which counts TPG Capital’s RISE Fund and Norway’s Norfund as investors, has a current installed green energy capacity of 1.35 gigawatt (GW), with operations in Vietnam, Bangladesh, Sri Lanka and Indonesia; and plans to reach an installed capacity of 3.5GW by 2025. It was founded in 2010 as a solar component and engineering, procurement and construction (EPC) firm.

An environmental group is challenging the U.S. Energy Department's decision to award over $1 billion to help keep California’s last nuclear power plant running beyond 2025

Geoffrey G. Jones is the Isidor Straus Professor of Business History at Harvard Business School. Speaking to Srijana Mitra Das, he discusses the evolution of socially responsible companies: Q. In your book ‘Deeply Responsible Business’, what factors shaped values-driven leadership? A.

Shashwat Goenka is joining the 2024 Class of Young Global Leaders of the World Economic Forum. RPSG Group owns power utility CESC and Spencer's Retail amongst other businesses. Other class members from India Inc for this year include FSN E-Commerce Ventures (NYKAA) CEO Adwaita Nayar, Jubilant Group director Arjun Bhartia and Vedanta Limited non-executive director Priya Agarwal Hebbar. There are Indian members in other fields such as social entrepreneur and acting. The class of 2024 includes a group of nearly 90 changemakers across nations.

Singapore regulators have granted a Major Payment Institution (MPI) license to crypto market maker GSR Markets, establishing the company as among the initial recipients of such authorization within its sector.

To get an idea of the financial toll extreme weather is taking on this country’s agriculture industry, look no further than the government of Saskatchewan’s books.

The looming “maturity wall" for commercial real-estate loans coming due has been moved back, but it has also gotten taller. Banks’ commercial real-estate loans are now growing at an accelerating rate. In the first quarter of 2024 they grew sequentially 1.2% on a seasonally adjusted basis, according to Federal Reserve data.

Nifty 50 ended marginally higher on Thursday, but the session witnessed volatility amid bouts of profit booking. The 50-stock index ended 0.4% higher at 22515 points. On the daily chart, the index has formed a hanging man pattern, indicating a potential bearish reversal in the short term, said Rupak De, senior technical analyst at LKP Securities.

Gold set another record above $2,300 an ounce on the likelihood the Federal Reserve will cut interest rates this year and sustained demand from central banks.

₹20.2 trillion, up 11.7%. Last fiscal year’s monthly average GST mop-up was ₹1.68 trillion, up from ₹1.5 trillion the year before. It seems we can finally close the long chapter of shortfall-compensation for states after the mid-2017 switchover to GST from multiple central and state taxes that got subsumed by this uniform levy across the country.

Sensex fell 27.09 points to close at 73,876.82, while the Nifty 50 settled 18.65 points, or 0.08%, lower at 22,434.65. Nifty 50 formed a small positive candle on the daily chart with a gap-down opening and an upper shadow. “Technically this pattern indicates broader range movement in the market near all-time highs.

startup ecosystem, the shift of investors' interest towards ESG norms— environmental, social, and governance — is seen as another major reason for the funding slowdown in the new age businesses. Investors, nowadays, are more concerned about sustainability, carbon reduction, and improved working conditions of businesses, besides financial parameters.

Green hydrogen (GH2) and green ammonia segments are estimated to drive investments of $125 billion (about ₹10.43 lakh crore) in India by 2030, according to a report by investment banking firm Avendus Capital. The report, titled 'Green Hydrogen, The Next Frontier In Energy Transition', said the growth would be driven by an increasing focus on sustainability, demonstrated commercial viability, ever-expanding use cases and a strong regulatory push. GH2 is made by electrolysis of water, using power from renewable energy sources. It does not emit any greenhouse gases. Efforts are on globally to make green hydrogen the fuel that can help countries attain their net-zero emission targets.

Bad economic ideas don’t die. Instead they just return a decade later to haunt another generation. That seems to be the situation with China’s steel industry.

The Federal Reserve chairman delivers the keynote address at a Stanford University forum.

Nifty Bank recouped losses on Wednesday to close in the green which suggests that bulls are here to stay. The index rose 78 points to close at 47,624 while the Nifty50 fell 18 points to close at 22,434.

₹120 crore in FY23, after positing a ₹120 crore loss in FY22, according to financials submitted to the Ministry of Corporate Affairs. Founded in 2018 by second-time entrepreneurs Paavan Nanda and Saumya Singh Rathore, WinZO Games saw its revenue surge 182% from ₹242 crore in FY22 to ₹687 crore in FY23.

The last fiscal year ended on an upbeat note for India’s economy, going by the purchasing managers’ index (PMI) for the manufacturing sector. It hit a 16-year high of 59.1 in March, the highest level since February 2008.

Cement producers across the country are set to hike prices by an average of Rs 10-15 per bag this month, even as demand is seen subdued due to a slowdown ahead of general elections. While price hikes could be sharper in some regions, including southern India, dealers do not see these sustaining and expect hikes of only around Rs 10-20 to hold up. Cement prices have corrected for five months in a row now, and average prices for the March quarter are 5-6% lower as compared to the December quarter, with price cuts sharpest in east and south India.