Sustainability Financial News

NTPC on Tuesday said it has inked a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs 1,650 crore)… Japan Bank for International Cooperation (JBIC), a government policy-based financial institution, will provide 60 per cent of the facility amount and the balance amount will be provided by other commercial banks under JBIC guarantee, a statement said. The agreements have been signed for a JPY 15 billion loan each for NTPC Ltd and NTPC Renewables Energy Ltd (NREL), it added. The facility has been extended under JBIC's initiative entitled 'Global action for Reconciling Economic growth and Environment preservation' («GREEN») for projects which ensure the conservation of the global environment…

The Bank of Canada is warning that waning productivity growth in the country is an “emergency” that can force higher interest rates and limit rising wages for Canadians.

The fundraise aims to augment and build financial flexibility to grow the business and harness various emerging opportunities both within the existing and expanding broking business, and across the inorganic universe within the fintech space.

China remains a major player in the global economy despite the economy facing headwinds of late.

Mint on the condition of anonymity. The finance ministry has already started preparations for the presentation of the full budget, and various ministries have been asked to present fresh assessments of their fund requirements for the next fiscal. Ministries have been asked to give details of schemes that need to be expanded next year and those which could be trimmed or axed to make way for any new scheme the next government may like to introduce.

Kejriwal has sought immediate release on account of the arrest and the subsequent remand to ED being “illegal". The Delhi CM was on March 21 and was subsequently remanded to the ED's custody till March 28 "for his detailed and sustained interrogation". Kejriwal, in his plea, said that he is a "vocal critic" of the ruling Bharatiya Janata Party (BJP) at the Centre, an opposition leader and a partner in the INDIA bloc, hence, the ED, which is under the Union government's control, has been "weaponised".

Economic Times. In the opinion piece published on March 23, Aiyar said, "A dark shadow of creeping authoritarianism looms over India as it prepares for its 18th general election." The article was titled: "Yamini Aiyar laments the damage done to Indian democracy under Narendra Modi". ALSO READ: PM Modi gave India a sustainable model of governance She acknowledged that Narendra Modi's Bharatiya Janata Party (BJP) is set to power after winning a third term.

Bank of America unveiled a new shelf of investment products to help its clients address the thorny problem of achieving sustainable retirement income.

Public Provident Fund (PPF) accounts in India. However, there are provisions for those who initially open a PPF account as Indian citizens and later acquire NRI status. The PPF scheme serves as a valuable tool for tax-saving and investment, boasting attractive interest rates and compounding benefits over its 15-year tenure. Despite its popularity among Indian residents, there has been confusion regarding NRIs' eligibility to operate PPF accounts. NRIs are barred from initiating or overseeing PPF accounts.

real estate boom in India has created a new avenue for NRI investments. There is a growing number of houses being purchased by this segment. The growth in NRI residential sales, which rose significantly over the last year, underscores this point. According to a report by NoBroker forecast report, NRI investments in India's real estate sector is poised to contribute 20% by 2025. This surge in demand can be attributed to several factors, both monetary and otherwise. Sentimentality has always been a key driving factor of NRI purchases in India, but with the world’s best comforts being available in India, the sentimental reason for buying a home “back home” amongst the NRIs, is also supported by valid reasons for quality real estate investing. To make matters more compelling, the technological revolutions that the entire world has witnessed in the 21st century have now made it easy for people from any part of the world to invest in different parts of the world with minimal hassles. Not just that, the technology also makes it easier for buyers around the world to have access to information on a real-time basis.

Methodology note: For each indicator, an average band is constructed around the five-year average value. This band's size varies by volatility (it depends on the standard deviation). An indicator that lies within this range is said to be 'in line with five-year average' (code: amber). Values falling below this range are said to be in red, and those lying above this range are said to be in green. For inflation, the red/green coding is reversed. While calculating the five-year average, data for some indicators for April-May 2020 and April-May 2021 have been removed to eliminate lockdown-induced skews in the trend. However, the five-year averages may still show high figures due to sustained base effect in several indicators in 2021 and 2022. Monthly standings will get updated retrospectively as more data comes in.

GAIL (India) Ltd, is preparing to commission the country's first green hydrogen project in the coming weeks. As reported by Reuters and confirmed by multiple sources within the company, this pioneering initiative is slated to commence operations at GAIL's Vijaipur complex in Madhya Pradesh by April.

BENGALURU : Warburg Pincus-backed Avanse Financial Services Ltd, a non-banking financial company (NBFC), has raised ₹1,000 crore in equity from Abu Dhabi's Mubadala Investment Co and Avendus PE Investment Advisors, via its fund Avendus Future Leaders Fund II. “The fund infusion will enable Avanse to strengthen its position in the rapidly evolving education financing segment by focusing on creating unique customer experiences and achieving sustained profitable growth," the company said in a statement on Tuesday. Avanse Financial Services, an NBFC focused on education, offers loans to Indian students pursuing higher education both domestically and internationally.

Nilam Resources has signed a letter of intent with Xyberdata to buy $1.70 billion worth of bitcoin amid the ongoing crypto market rally.

By Rae Wee

₹440.85 apiece on the BSE, gaining as much as 2.20%. Emkay Global initiated coverage on Coal India shares with a ‘Buy’ rating and target price of ₹550 per share, implying an upside potential of more than 27% from Friday’s closing price.

Adani Green Energy Gallery' at London's Science Museum, Gautam Adani, the chairman of the Adani Group, unveiled the group's renewable energy arm, Adani Green Energy, as the driving force behind this transition. He emphasized the company's commitment to taking care of the planet not just for the present generation but also for generations to come.

Investing.com-- Most Asian currencies tread water on Tuesday, taking little cheer from a softer dollar as traders remained cautious ahead of more cues on U.S. inflation and the Federal Reserve this week.

Secretary of State Antony Blinken raised US opposition to a major ground operation in Rafah with Israel's defense minister on Monday, after a delegation to discuss Washington's concerns was scrapped earlier in the day. Prime Minister Benjamin Netanyahu had agreed to send the delegation to Washington but cancelled it after the United States abstained on a UN Security Council resolution that demanded an immediate ceasefire during Ramadan. In his meeting with Israeli Defense Minister Yoav Gallant in Washington, Blinken reiterated US «opposition to a major ground operation in Rafah,» State Department spokesman Matthew Miller said in a statement.

Oracle and another AI infrastructure company giving in-principle approval to join the network. People+ai, an initiative by EkStep Foundation co-founded by Nandan Nilekani, set out last year to address increasing compute demand in the country, which is increasing with AI. The Open Cloud Compute (OCC) project is aiming for an open network where customers can discover the micro data centres, new players can build them, and investors can get on board.

Reuters. The ceasefire deal includes the withdrawal of Israeli troops from Gaza, a return of displaced Palestinians, and a 'real' exchange of prisoners. The United Nations Security Council has also made its first-ever demand for an ‘immediate ceasefire’ during the Muslim holy month of Ramadan.