Sustainability Financial News

External Affairs Minister S Jaishankar on Saturday dismissed China's repeated claims on Arunachal Pradesh as «ludicrous» and asserted that the frontier state was a «natural part of India». In probably his first public comments on China's frequent claims on Arunachal Pradesh and its opposition to Indian leaders visiting the state, Jaishankar said it was not a new issue. «This is not a new issue. I mean China has laid claim, it has expanded its claim. The claims are ludicrous to begin with and remain ludicrous today,» he said in response to a question on the Arunachal issue after delivering a lecture at the prestigious Institute of South Asian Studies (ISAS) of the National University of Singapore (NUS) in Singapore. Jaishankar, who is here on a three-day visit, emphasised that Arunachal Pradesh was a «natural part of India.»

Buy or sell stocks: The Indian stock market joined the global market rally after the US Federal Reserve and Bank of England kept the interest rate unchanged. The Nifty 50 index added 84 points and finished at 22,096 level, the BSE Sensex gained 190 points and closed at 72,831 mark whereas the Bank Nifty index shot up 178 points and finished at 46,863 level. In the board market, the small-cap index rose more than the Nifty 50 index even as the advance-decline ratio remained positive at 2.7:1.

Edited Excerpts of an interview with Livemint 1) How do you assess the current domestic and global market conditions, and what factors are you closely monitoring? Inflation and geopolitical tension are the main factors impacting the global economy at present. US inflation, still hovering above the 3% level is proving to be stickier and more persistent, hence rates are likely to remain higher for the time being and any cut is unlikely in 1HCY24. To add to the concerns, the Red Sea attack by the Houthis added to higher freight rates across the globe.

financial services, the gold loan (GL) sector, particularly NBFCs, has substantially evolved over the past two decades. It has become indispensable for lower- and middle-income households, emphasising that GLs are a crucial financial safety net for many. GLs enable individuals to access cash using gold as collateral without losing ownership. This shows its vital contribution to financial stability. They are short-term, low-obligation debt where borrowers anticipate future financial resources for repayment. GLs go beyond mere financial transactions. They encompass legacy, emotions, promises and deep-rooted trust. They are more than monetary support. They're a testament to the borrower's confidence and determination to face future challenges, fuelling aspirations in their endeavours. Efforts by GL NBFCs have propelled gold loans into a recognised financial category across India. This push has initiated a noteworthy migration from the unorganised to the formal market. Despite these strides, about 70% of gold loans are still disbursed in the unorganised sector, indicating significant room for growth and integration into the mainstream financial system.

Leicester could be the latest team to be sanctioned for overspending in the Premier League

Russia and China on Friday vetoed a US-led draft resolution at the Security Council on a ceasefire in Gaza, with Moscow accusing Washington of a «hypocritical spectacle» that does not pressure Israel. The United States, Israel's main ally which has vetoed previous ceasefire calls, put forward the resolution which for the first time would have supported «the imperative of an immediate and sustained ceasefire» and condemned the October 7 attack by Hamas.

By Niket Nishant

Change in trade route: Container ships routing through the Suez Canal are shunning and rerouting around the Cape of Good Hope. By the first half of February 2024, container tonnage crossing the Canal fell by 82 per cent, and vessel tonnage passing through the Cape of Good Hope increased by 60 per cent. • Increase in the distance and operational shift due to rerouting of ships: The extra miles travelled and days lost due to trade diversion has translated into additional costs such as fuel costs and lost value of time-sensitive cargo.

Renault Nissan Automotive India Pvt Ltd on Friday said it has received Platinum category recognition for its efforts on water conservation from internationally accredited body DQS. Germany-headquartered DQS is an internationally accredited ISO certification agency specialising in audits, assessments and training across the globe. The firm conducted a rigorous audit at RNAIPL factory in February 2024, the company said in release issued on World Water Day today, The certification marks the success of Renault Nissan Automotive India Pvt Ltd (RNAIPL) in implementing a comprehensive strategy to reduce the Chennai manufacturing facility's water footprint through extensive rainwater harvesting and recycling of wastewater, among other steps. The company said that it has also set a target of achieving a 21 per cent reduction in water usage by 2030. The Chennai-manufacturing facility uses recycled water for a variety of industrial purposes. «RNAIPL has an unwavering commitment to sustainability and responsible water management.

Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. «This collaboration further strengthens our dedication to 'Make in India' and for accelerating the nation's transition to a sustainable and electrified future,» Uno Minda Group CMD Nirmal K Minda said in a statement. StarCharge, a global leader in electric vehicle charging infrastructure and microgrid solutions, operates in 67 countries and regions with manufacturing facilities in the US, Vietnam, and China.

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered, and operated.

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MUMBAI : D’Decor, the nation’s leading manufacturer of curtains and upholstery, is set to significantly expand its capacity, aiming to boost its daily output from 140,000 metres of fabric to over 200,000 metres within the next four years, managing director Sanjay Arora said. In an interview, he stressed the importance of meeting rising consumer demand while preserving the company’s competitive edge. "We are a zero-debt company, and all expansion will be funded through internal accruals," he said.

Adani Group Founder Gautam Adani has welcomed the partnership with The Science Museum in the UK that had resulted in a new gallery, The Adani Green Energy Gallery. In a post on social media platform X on Friday, Adani said," Delighted to see the new 'Energy Revolution: The Adani Green Energy Gallery' becoming a reality in partnership with the Science Museum in London. This landmark gallery will showcase the scientific vision of a sustainable future, powered by renewables and low carbon technologies. #SustainableFuture #GreenEnergy." According to the website of the UK Science Museum, 'Energy Revolution: The Adani Green Energy Gallery' uses both recognisable and surprising objects plus interactive exhibits to highlight how we can journey to a more sustainable future--and our role in achieving that low carbon world.

A handful of meme coins soared to exceptional heights in February and March 2024, with popular tokens like $PEPE, $WIF, and $BONK once again entering the one billion dollar market cap club. As meme coins soar, traders are searching for the next meme coins to buy. These coins are primed to explode in the coming weeks, following $PEPE and $BONK reaching the billion-dollar market cap levels.

Leading Singapore-based Web3 gaming company, Affyn, has unveiled Buddy Arena, the highly anticipated MOBA game with Web3 functionality. The mobile version of Buddy Arena is now available globally, alongside the introduction of their groundbreaking multi-chain ecosystem and innovative Omnia Sync Technology , significantly enhancing the gaming experience for players worldwide.

Lionel Messi's Inter Miami will play New York Red Bulls in Major League Soccer (MLS) match on Saturday. Inter Miami won three out of five matches in the regular league and have 10 points. NY Red Bulls have seven points after winning two out of four games. Inter Miami versus New York Red Bulls MLS game will be played at Red Bull Arena – Harrison, N.J. The kick off is scheduled at 2 pm (ET) on Saturday, March 23. Soccer fans can watch Inter Miami vs New York Red Bulls soccer game at MLS Season Pass on Apple TV.

who registered his invention with the German patent office on Aug. 30, 1949. But they certainly helped the Germans beat Hungary in the 1954 World Cup final.

Rationing and containment of water until sources fill up are temporary measures. Given how water and climate issues are linked, we need to plan strategically and well into the future — not just how to augment supply of fresh water but also how to use it wisely and sparingly. Decades back, agriculture was termed a 'gamble on the monsoon'. Earlier, with surface water being tapped through canal irrigation systems, parts of India were somewhat insulated from this. However, groundwater, which was supposed to be a reserve for challenging times, became a primary resource.

Turkey’s central bank has raised its key interest rate by 5 percentage points, resuming a policy of rate hikes aimed at combating soaring inflation that is causing households severe economic pain

existing homes made the biggest jump in a year last month on improved housing supply, according to industry data released Thursday, as mortgage rates held at a slightly lower level. Existing home sales advanced 9.5 percent in February from January to an annual rate of 4.38 million, seasonally adjusted, the National Association of Realtors (NAR) said.