Sustainability Financial News

By Tetsushi Kajimoto and Anton Bridge

A look at the day ahead in European and global markets from Tom Westbrook

₹439.00 apiece on the BSE. Around 43.7 crore ITC shares, amounting to 3.5% of the total equity of the company, changed hands in a block deal that took place in the pre-market block window. The shares were sold at an average price of ₹400.4 apiece, taking the total transaction value to ₹17,491 crore, reports said.

Bitcoin has hit another ATH above the $72K mark, but Ethereum has also flexed its muscles by showing strong price resilience in the last few days, maintaining its bullish momentum above the elusive $4K level. As of the time of writing, $ETH was hovering just above the $4,000 level as the market awaits its next move.

FM Nirmala Sitharaman on Tuesday held deliberations with stakeholders from various sectors to identify actionable ideas to boost growth and realise the goal of turning India into a developed nation by 2047. The participants included experts from various industries, start-ups, sunrise and emerging sectors, fintech, infrastructure, banking and financial services, social sector, academia and think tanks, the finance ministry said in a statement.

severe thunderstorms looms over the central regions of the United States. Stretching from Texas through the Midwest and up to the Great Lakes, millions of residents are on high alert, preparing for the onslaught of yet another multiday bout of severe weather. Commencing on Tuesday with its focal point in Missouri, the impending threat gradually intensifies, morphing into a widespread concern by Thursday. This expansive weather system will cast its shadow over tens of millions of individuals, spanning from the vibrant cityscape of Dallas to the bustling urban sprawl of the Chicago area.

The head of the African Development Bank is calling for an end to loans given in exchange for oil or critical minerals used in smartphones and electric car batteries

Department of Tourism, Government of Uttarakhand on Wednesday said that Tehri is set for a makeover with several developmental projects on the anvil for which the Asian Development Bank (ADB) has approved a funding of Rs 1294 crore. The projects will be funded in a ratio of 80:20 with ADB bearing 80% of the expenditure and the Uttarakhand government bearing 20% of the expenses. Sachin Kurve, Secretary, Tourism, and CEO of Uttarakhand Tourism Development Board said that in order to promote sustainable inclusive, climate resilient tourism, and for the development of designated areas in Tehri, the state decided to develop Tehri Lake and surrounding areas as a “Special Tourist Area” after which Tehri Special Area Development Authority (TADA) was established under the Tehri Special Area Development Act 2013.

₹17,484 crore ($2.11 billion). BAT, which holds over 29% in the cigarettes-to-hotels conglomerate, will sell the shares at ₹384–400.25 each, implying a 4–5% discount to ITC’s Tuesday closing price of ₹401.90 on the NSE. ITC shares fell 1.83% earlier in the day, while the benchmark Nifty index closed unchanged.

BAT Plc on Tuesday said in a statement that its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd will sell around 3.5% stake in ITC Ltd to institutional investors by way of a block deal and has launched the process. BAT said after the completion of the proposed block deal, BAT will continue to remain a significant shareholder of ITC with around 25.5% holding. BAT wanted to have more than 25% shareholding in ITC to have a strategic influence and veto rights in the company, chief executive Tadeu Marroco had said in December.

government on Tuesday banned the Jammu Kashmir National Front led by Nayeem Ahmad Khan under the Unlawful Activities (Prevention) Act. In an order, the Ministry of Home Affairs declared the JKNF, a constituent of the hardline Hurriyat Conference, an "unlawful association" with immediate effect. The government said the JKNF has been «indulging in unlawful activities, which are prejudicial to the integrity, sovereignty, and security of the country.» It said members of the JKNF have remained involved in supporting terrorist activities and anti-India propaganda for fuelling secessionism in Jammu and Kashmir and providing logistic support to terrorists in the Union territory.

By David Shepardson

Japan International Cooperation Agency (JICA) for $125 million to fund mostly farmers and women entrepreneurs in rural and semi urban India. This is the second such fund raise by the company in the past four months. At least 40% of the funds will be allocated to women borrowers while the rest will be disbursed to farmers, MSMEs, and two-wheeler loans. Last November, L&T Finance sourced $125 million from Asia Development Bank for a similar lending programme. “Despite steady rural economic growth, accessing financial services remains a challenge for rural communities, Ms. Apurva Rathod, Company Secretary & Chief Sustainability Officer of the company. ``A large percentage of marginal farmers lack formal access to credit, with women being disproportionately affected.”

From an April 2018 peak of £71m in total net assets, the fund size dwindled over the years, with a final recorded figure of £5.3m, according to data from Refinitiv Lipper. A spokesperson from the company confirmed the fund had been closed due to its small size, adding the cashflow solutions team continues to manage the Irish-domiciled GF Tortoise fund, despite its smaller £3.8m AUM. Liontrust hires sustainable investment analyst duo from Ninety One and abrdn Portfolio managers Matthew Smith and Tom Morris departed the fund in June 2023, having joined the firm in April 2022 as ...

in-plant railway siding project (of Maruti Suzuki) was inaugurated by PM Modi in Gujarat on March 12. The project is at Hansalpur in Gujarat's Mehsana district. Modi inaugurated it virtually from a function in Ahmedabad. Modi also inaugurated and laid the foundation stone of Rs 85,000 crore railway projects, including the launch of 10 new Vande Bharat trains, from Sabarmati area of Ahmedabad. He also visited the Dedicated Freight Corridor's (DFC) Operation Control Centre. The project is under PM Gati Shakti mission, in collaboration with the Gujarat government, Indian Railways, and MSIL. The cost of the project is Rs 976 crore. This is the first time in India that an automobile company has established an in-plant railway siding, Rahul Bharti, MSIL's Executive Officer for Corporate Affairs, said.

roti-kapda-makan (food, clothes, housing) troika dropped to below 50% in 2019-20, making way for other items that improve the quality of life—notably health, education, transport, communication, and recreation. A fortunate confluence of factors has the potential to seed rapid consumption growth in the coming two to three decades. First, the much-touted demographic dividend puts India at an advantage over East Asian rivals such as China and Thailand.

Bank of Baroda branch in India. Debadatta Chand, Managing Director & CEO, of Bank of Baroda said, “The Bank has taken great strides in embedding sustainability into its operations, including our approach to risk management, governance, social responsibility, and environmental impact.

here to register now. Here is the full list of winners. Reformer of the Year: S Jaishankar, Minister of External Affairs External affairs minister S Jaishankar has led from the front in steering India’s trade and economic diplomacy through the year amid multiple geopolitical uncertainties.

It is hard to find a word that is more relevant to the world’s greatest challenges and policy priorities than ‘inclusion.’ Inclusive, green economic growth that benefits all of society is an essential component of sustainable prosperity, social cohesion, competitiveness and geopolitical stability. Supporting a ‘just transition’ that includes all members of our societies is crucial to ensure that climate action and the digital transformation lead to a more sustainable and secure world.

A South Korean law firm operator was jailed in Busan on March 11 after being found guilty of stealing clients’ money to spend on crypto investments.

Quiver Quantitative — The recent surge in stock speculation in India, highlighted by an unprecedented volume of equity options contracts traded, is drawing global attention for its sheer scale and potential implications. In 2023, India astonishingly accounted for 78% of the global equity options market, with the National Stock Exchange witnessing a 153% increase in stock index options traded, reaching 84.3 billion contracts.