Sustainability Financial News

Rakesh Sharma, ED, Bajaj Auto, says coming to exports recovery, in the last one or two quarters, we have bottomed out and have also sensed a slightly better flow of funds from overseas, but still have to watch a couple of quarters to see whether there is a substantive and sustainable recovery now well underway.” There are so many factors to look forward to, new launches in EVs, a recovery in exports, the growth in the CNG motorcycle launch. Let’s begin with the recovery that we have seen in exports, a 10% year-on-year growth. Can you build on this number and if so, which are the markets according to you that will really lead this growth? Rakesh Sharma: I must say that the exports recovery needs to be still watched for a couple of quarters. It is completely on the back of macroeconomic factors. Happily, in many countries, the informal exchange rate and the formal exchange rate are now finally converging, which allows the banking systems to support international trade though, of course, it is a serious devaluation in many countries which raises the ultimate purchase price and that has to be digested.

That’s the view from Rajiv Batra of JPMorgan Chase & Co., who says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors will use any correction as an opportunity to increase holdings. His views come as overseas flows have become more volatile ahead of the national vote amid concerns over stretched valuations.

Investing.com-- Oil prices fell slightly in Asian trade on Wednesday as traders remained cautious before more cues from the Federal Reserve, although persistent signs of tight supplies kept prices pinned near four-month peaks. 

Shares of most tyre companies weakened Tuesday as the recent spike in prices of commodities including rubber and crude, which are raw materials for their production, dented investor sentiment. Analysts expect these stocks to be under pressure over the next quarter but advise buying them if they decline. JK Tyre fell 4.35% on Tuesday while MRF Tyres and Goodyear India declined 3.32% and 2.39% respectively. Apollo moved down 0.59% while CEAT and Bridegstone were up by 0.44% and 2.74% respectively. Benchmark Nifty slumped over 1%, while Nifty Auto Index fell 0.45%.

₹18.3 trillion, respectively. Such a large-scale shift to digital payments was unthinkable in an emerging economy like India till a few years ago. What is praiseworthy is the trust earned by this payment mode from millions of people, a large fraction of whom are not tech-savvy.

With Bitcoin pushing through all-time highs, the demand for cryptocurrencies has steadily increased. However, most crypto projects historically have failed to reward their communities in the long run. That’s because they were either built on ponzinomics, lack of real value generation, or real-world rewards to incentivize their communities.

By Nivedita Balu

Sports Illustrated will continue operations after the company that owns the brand agreed with a new publisher for its print and digital products

Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, says it's cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits

For people who rely on Supplemental Security Income, or SSI, getting married can result in reduced monthly benefits and a lower amount allowed for savings

Nottingham Forest has been deducted four points for overspending

Japan's central bank has raised its benchmark interest rate for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy

Japan’s Government Pension Investment Fund (GPIF) said Tuesday that it is seeking information regarding diversifying into illiquid assets such as Bitcoin, gold, forests, and farmland.

₹1.01 lakh crore. The company board gave its approval for the raising of funds not exceeding the above-mentioned figure through the issuance of nonconvertible debentures (NCDs) in one or more tranches.

₹1,250 crore from International Finance Corporation (IFC), the private-sector arm of the World Bank Group, by issuing sustainability-linked non-convertible debentures (NCD). It said the funds would be used to support decarbonisation through its new paint-manufacturing business.

The move brings the nation's interest rate to a range of 0-0.1%, as BoJ governor Kazuo Ueda also ended a swathe of accommodative monetary policies. Interest rates shifted into negative territory in 2016 in an attempt to encourage banks to lend more, continuing a near decade-long trend of cutting rates, with the previous hike occurring in 2007. Aviva Investors' Wakefield: Is Japan's stock-market sugar rush sustainable? Chris Scicluna, head of research at Daiwa Capital Markets Europe, noted along with the rates shift, the bank ended the policy of yield control and ETF purchase, which...

Read here: Ambuja, Bharti, SBI, L&T, Zomato among top 11 picks by Jefferies for 5 years The brokerage has listed key trends that will keep the hotel industry rising this year: Hotel sector market cap has tripled since 2019: The brokerage noted that the hotel industry market capitalisation has more than tripled in the past three years vs Dec 2019 levels, led by: 1) strong operating performance and earnings surprises drove growth in the stock prices of the listed incumbents; 2) valuation re-rating of the sector on strong tourism theme; 3) listings of Samhi, Park, and Juniper in the past six months. Travel theme driving investor interest: As per Jefferies, the strong travel theme playing out in India has focused attention on the hospitality space for the right reasons.

Stock market today: Despite weakness in the Indian stock market today, JTL Industries share price has been in uptrend since early morning deals. JTL Industreis share price today opened upside at ₹190 apiece on NSE and went on to touch an intraday high of ₹195.95 per share level, logging an intraday rise of nearly 6 percent during Tuesday deals. However, the stock failed to sustain at higher levels after the profit-booking trigger.

Hero Electric, Okinawa Autotech, and Benling India have allegedly failed to repay the subsidies they claimed incorrectly. Livemint could not independently verify this news.

Investing.com-- The Bank of Japan hiked interest rates for the first time in 17 years on Tuesday, marking an end to nearly a decade of ultra-loose policy on growing confidence that a «virtuous cycle» of its inflation targets and wage stability will be achieved. 

Sanjeev Bikhchandani, Co-Founder, Info Edge, talking to ET Now at the sidelines of startup mahakumbh says: “McKinsey in collaboration with CII released a report about which there was a discussion here also, which is called Unicorn 2.0 and that report said that in the last 10 years, roughly 13% to 15% of India's GDP growth has come from the startup ecosystem. In my view, that is a conservative estimate and this number is likely to go up as we go along”.