Sustainability Financial News

Gaza. The resolution calls for the truce to lead to a "lasting, sustainable ceasefire" and demands that Hamas and other militants free hostages seized in their October 7 attack that triggered the massive Israeli military campaign.

Bitcoin price rose on Monday, recovering a measure of losses from last week as sustained capital flows into exchange-traded funds and anticipation of the upcoming “halving” buoyed the world’s largest cryptocurrency. In addition, BlackRock (NYSE:BLK)'s venture into asset tokenization and the initiation of a global central bank easing cycle also contributed to bullish pressure.

Ahmedabad Municipal Corporation (AMC) has announced the establishment of a 300-tonne-per-day solid waste to steam plant in Ahmedabad, operating under the Public-Private Partnership (PPP) model. The plant, to be constructed by Surat-based Steamhouse India on a 5-acre plot at the Pirana Waste dumping site, is set to significantly reduce environmental pollution by decreasing reliance on fossil fuels. Ahmedabad, the seventh largest metropolis in India, produces approximately 4,000 metric tonnes of solid waste daily. The shift towards sustainable waste management is crucial due to the adverse effects of organic waste decomposition in landfills, which release harmful greenhouse gases contributing to climate change, and the health hazards posed by toxic substances from various waste types to nearby communities, a spokesperson from the Ahmedabad Municipal Corporation explained. Utilizing waste to steam (WTS) technology, the project aims to establish a circular economy by utilizing Refuse Derived Fuel (RDF). This German technology, making its debut in India, offers numerous benefits, including reduced environmental impact, low operational costs, and efficient resource utilization. Additionally, the project is anticipated to provide a more cost-effective solution for steam generation, with capital expenditure projected to be 70 percent lower compared to conventional waste to energy plants, according to the AMC.

Nissan has announced plans to expand its electric vehicle lineup, develop more powerful batteries and cut production costs

New European Union rules aimed at protecting dwindling forests are reordering how the world gets its coffee

It will be a very tiny big-game hunt for one of the largest animals in North America

minimum wage with living wage by 2025 and has sought technical assistance from the International Labour Organization (ILO) to create a framework for estimating and operationalising these, ET has learnt. Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in key social expenditure by an individual such as housing, food, healthcare, education and clothing – were endorsed by the ILO earlier this month. These would be higher than basic minimum wages. “We could go beyond minimum wages in a year,” a senior government official told ET. The ILO had agreed on the reform at its 350th governing body meeting in Geneva that concluded on March 14. There are over 500 million workers in India and 90% of them are in the unorganised sector where many draw a daily minimum wage of `176 or more, depending on the state where they work. However, this national wage floor — not revised since 2017 — is not binding on states and hence a few states pay even less than that.

Moon Train." Spearheaded by aerospace giant Northrop Grumman and supported by the US Department of Defence, this visionary endeavor aims to facilitate the seamless transportation of both goods and people across the lunar surface, heralding a new era of human presence and economic activity beyond Earth, as per a report by The Sun.

The World Happiness Report 2024, a partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and WHR’s Editorial Board, is out. Mint evaluates its metrics to explain why it may not be the final word on happiness. India is ranked 126 out of 143 nations surveyed.

The ESG brand probably has its best days behind it. Following a three-year craze for investment products focused on environmental, social and corporate-governance concerns, the percentage of newly created funds in the U.S. and Europe with ESG in their name has fallen from a peak of 8.3% to just 3.3%, according to an analysis of quarterly data by Morningstar Direct.

FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of Rs 25,743 crore in January, data with the depositories snowed. With this, foreign portfolio investors' (FPIs) investment has turned positive to the tune of Rs 13,893 crore in equities so far in 2024 and Rs 55,480 crore in the debt market.

Paytm, has in an exchange filing on March 24 announced that Praveen Sharma, Senior Vice President - Business, formally resigned from his position on Saturday. Sharma is pursuing "other opportunities" in the next phase of his professional journey. Before his tenure at Paytm, Sharma held leadership roles at Google for nine years, focusing on India and the APAC region, as per an ANI report.

RR vs LSG IPL 2024: When and where to watch? Live streaming details and more A well-balanced Rajasthan Royals will have plenty of options to choose from in the opening match, boasting explosive batsmen like Sanju Samson, Yashasvi Jaiswal, Jos Buttler alongside key bowlers like Ravichandran Ashwin, Yuzvendra Chahal and Trent Boult. LSG, on the other hand, also have a finely-tuned squad but will have some tough decisions to make with the recent injury losses of Mark Wood and David Willey.

When a Swedish startup launched a new material made from recycled textiles in late 2022, the fashion industry hailed it as a game changer in its efforts to lessen its environmental impact. Last month, the company, Renewcell, filed for bankruptcy. While some big retailers, including H&M and Zara, were enthusiastic backers, not enough brands committed to buying its material.

S Jaishankar has reiterated India's firm stance on the territorial integrity of Arunachal Pradesh during his visit to Singapore, strongly opposing China's claims over the northeastern state, as per an ANI report. Speaking at the Institute of South Asian Studies of the National University of Singapore, Jaishankar dismissed China's claims as "ludicrous," affirming that Arunachal Pradesh is an integral part of India based on its status within the country, not on external assertions. Responding to recent assertions by China, he said that India has consistently rejected such claims, reiterating that Arunachal Pradesh is an inherent part of the nation.

Dharmesh Shah, Head-Technical, ICICI Direct, says “any correction in the PSUs from the current level should not be constructed as negative, but should be looked upon as a buying opportunity because we believe most of the negative news seems to be getting priced in there. Any dip from the current level is a buying opportunity. So, stocks like HAL or BEL, Bharat Electronics in the defence space and also Cochin Shipyard, one should definitely consider at the current levels.” Do you expect the Nifty momentum that we have been seeing on Thursday and Friday to sustain for the benchmark? Dharmesh Shah: Yes, definitely, I think so. If you see the recovery push after the Fed event, the sentiment seems to be slightly bullish. I would not say major bullish, but yes, it seems to be getting better and better going forward. We believe a target of 22,400 for the Nifty in the coming week. At the same time, we see 21,700 remaining as a strong support in the current trading session.

Chandrasekaran on Saturday said the conglomerate will move to 70 per cent green energy by 2030. He was addressing the convocation of XLRI-Xavier School of Management in Jamshedpur where he was honoured with the Sir Jehangir Ghandy Medal for Social and Industrial Peace. "Nation-building impulse is as relevant now as it was earlier. There are major energy transitions, digital transitions in the form of AI and machine learning, and supply chain transitions that we are facing today. But, India is uniquely placed because we can invest in each of these transitions today because of the geopolitical advantages that our country has," he said. He said that by 2030, the Tata Group will move to 70 per cent green energy.

Here's what Jaishankar said | Top 5 points Jaishankar said Pakistan is sponsoring terrorism at almost an "industry level". asked, "How do you deal with a neighbour who does not hide the fact that they use terrorism as an instrument of statecraft?" "It's not a one-off happening...but very sustained, almost at an industry level...So what we have come to conclude is that we have to find a way of addressing (the menace)," he said, adding that dodging the problem "gets us nowhere, it only invites more trouble." He said he doesn't have a "quick instantaneous fix (to this issue)". He, however, said India will not skirt this problem anymore.

₹38,098 crore worth of Indian equities and the total inflow stands at ₹51,542 crore as of March 22, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹13,223 crore so far this month. "An interesting feature of the foreign portfolio investment in India this fiscal is the steady growth in debt investment in sharp contrast to the volatile equity investment.

ET Now: What is your assessment of the current market conditions? We observed from derivatives data that Nifty found solid support at 21,900. Additionally, market breadth displayed bullish tendencies. Do you anticipate a continuation of the relief rally or is consolidation also probable? Rajesh Palviya: This week, both indices experienced a breakdown of crucial support levels. Nifty briefly dipped belo

Foreign portfolio investors turned net sellers in the secondary market last week, selling stocks worth over Rs 7,200 crore on Dalal Street. Selling by the big bulls restrained the upside in benchmark indices, as the BSE Sensex clocked just 0.3% gains.