Sustainability Financial News

A pair of anti-ESG laws Texas passed in 2021 are costing the state hundreds of millions in lost economic activity and more than 3,000 full-time jobs, a new study found.

India’s information technology (IT) capital, Bengaluru, a city once lauded for its greenery, grapples with the formidable challenge of both urban flooding and water scarcity. The paradox of a city inundated yet thirsty is stark. Its water ordeal is a tale of many years of ecological neglect and urban mismanagement.

Sustainable investing remains a growing trend but while a recent report found rising interest among retail investors, new research highlights concerns among larger investors.

The US dollar mostly moved sideways but took a bullish turn towards the end of the previous week. Inflation data sparked volatility in the dollar index as CPI and PPI both came in above expectations, fueling inflation fears.

After climbing 4% last week, crude oil will be looking to extend those gains as we start a busy week.

Mumbai, 15 March, 2024: Driven by its core value of consumer obsession, Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurers, has introduced a host of funds, over time, for the benefit of consumers.

By Ross Kerber

With the development of prominent projects and the continuous influx of investments, the Delhi-NCR real estate market presents lucrative opportunities for investors while offering a diverse range of options for homebuyers, says Rajjath Goel, Managing Director, MRG Group.

Sectoral funds have become popular due to their potential for delivering higher returns, especially during bull markets. But investors must keep in mind that these funds are not for short-term bets and they should invest in them through systematic investment plans (SIP) with a five- to seven-year horizon.

– By Ashwini Kumar

The Indian real estate sector, a cornerstone of the nation’s economy, is undergoing a monumental shift. As urbanization accelerates, with projections indicating that 40% of India’s population will live in urban areas by 2030, the demand for both residential and commercial spaces is skyrocketing. This growth, while promising, brings with it the pressing need to balance economic advancement with environmental sustainability and social responsibility—a challenge not unique to India but faced globally as nations strive to create future-proof, equitable development models.

France's lower house of Parliament has unanimously approved a pioneering bill to curb the environmental impact of fast fashion, marking a significant step towards sustainability in the global fashion industry

California regulators have proposed delaying some new rules aimed at reducing how much water people use on their lawns

Mukul Agrawal portfolio: Gensol Engineering share price today witnessed strong buying interest during morning deals. The energy stock came under the radar of Dalal Street bulls after it announced the completion of a 160 MW solar project worth ₹128 crore in Bhavnagar, Gujarat for Continuum Green Energy.

Ashish Bhandari, MD & CEO, Thermax Group, says “by 2030, almost two-thirds of Thermax would be growing businesses that are very small today as part of the larger Thermax portfolio. We expect to drive almost every one of these newer areas that we are getting into and they are not necessarily, there are solutions around; even cooling, For almost everybody that I speak with, including people that are looking to add capacities in India, the domestic consumption story is a big part and perhaps a bigger part of the dialogue.” Given that we are at perhaps the brink of the manufacturing renaissance in India, what role do you see the Thermax Group playing in the next three to five years? Ashish Bhandari: Thermax is a company that has been part of India's energy spectrum for more than 50 years. As we look at the future, we see our role very clearly as one that balances energy availability with energy sustainability. So, energy transition-related technologies, not just green but how do you make the existing carbon footprint greener, more efficient and better.

By Leika Kihara

Jeevan Ghorpode, Nashik, Maharashtra Before we understand what logistics mutual funds are, it is important to understand sectoral/thematic mutual funds since logistics mutual funds are a subcategory of sectoral/thematic mutual funds. Thematic/sectoral funds invest in stocks tied to a specific theme or a sector. These funds invest in companies and sectors united by a common idea or concept.

Stock market today: Shares of Salasar Techno Engineering Ltd are one of the multibagger penny stocks that the Indian stock market has delivered in the last one year. This tech stock has surged nearly 150 percent in the last one year. The multibagger penny stock was in the news recently for trading ex-bonus on 1st February 2024.

Sandip Sabharwal, asksandipsabharwal.com, says “it is important for the froth to go out because there was too much speculation happening in too many segments and although optically the index has hardly fallen, when we talk of the correction on the largecap side the index, there is hardly any fall – 2% off the top. But the real pain has been on the smallcaps and to some extent on midcaps. I would think that valuations in that segment are still somewhat higher. I do not think the entire correction should be over as of now.” Sabharwal further says he is still sitting on 12-15% cash, waiting to see where the entire dust settles because «we have had a correction but there could be some more way to go.» Are we in for a pre-election rally? History tells us that markets in the run-up to the election have rallied. Will 2024 be different? Sandip Sabharwal: It could be different because we have already had a decent size run-up, so if you look at it, one month prior to election is one thing but starting right from October till now, the markets have had a sharp run-up and globally also markets are looking a bit jittery with inflation being sticky and there have been possibilities of a global correction.

Gold rate today: On account of the rising US dollar ahead of the US Fed meeting, gold price today witnessed sharp selling during morning deals. Gold future contract on the Multi Commodity Exchange (MCX) for April 2024 expiry opened lower at ₹65,348 per 10 gm level and went on to touch an intraday low of ₹65,180 within a few minutes of the commodity market opening. However, the yellow metal witnessed some buying at the lower levels and pared some of the early morning losses.

Bulgarian Foreign Minister, Mariya Gabriel for thanking the Indian Navy for rescuing seven Bulgarian nationals in a successful anti-piracy operation in the Arabian Sea, External Affairs Minister S Jaishankar has said that it is exactly what friends are for. In a post on X, Jaishankar wrote, «That's what friends are for,» alongside Gabriel's post. Notably, Bulgarian Foreign Minister, Mariya Gabriel on Sunday expressed gratitude to the Indian Navy for successfully carrying out a rescue operation to take back control of a hijacked merchant vessel and its 17 crew members including seven Bulgarian nationals in the Arabian Sea.