Sustainability Financial News

Bitcoin (BTC)‘s recent price correction, following its surge to a new all-time high above $69,000, has resulted in the closure of leveraged perpetual futures bets worth $1 billion across digital asset markets. 

IIM Bangalore (IIMB), has partnered with GPS Renewables, a full-stack, clean fuels technology and engineering company, for the second edition of Campus Founders – a student entrepreneurship programme aimed at supporting college-based startup founders and recent graduates in transforming their startup ideas into thriving businesses. The collaboration assumes significance as GPS Renewables was co-founded 12 years ago by two IIMB graduates Mainak Chakraborty and Sreekrishna Sankar. Campus Founders focuses on innovative solutions in sustainability, climate change and hardware development. The four-month long programme is tailored to cater to students' needs, allowing them to evolve their ventures while still pursuing their studies.

Motovolt Mobility is betting big on sales of its newly launched e-scooters for both passenger and cargo transportation in the country, a top company official said. The multi-utility e-scooter, manufactured at its Taratola factory, was launched on Tuesday. Adoption of electric mobility is increasing in the country, CEO of Motovolt Mobility Tushar Chowdhury said at the launch event here. Motovolt Mobility, which had earlier unveiled e-cycles, has entered into a technical collaboration with German company eROCKIT for the manufacture of e-scooters, priced at Rs 1,22,000.

Real Estate Sector of India has witnessed a growing and evolving demand amongst the ultra-rich NRIs. Their preferences, fuelled by an interconnected world, increased availability of sustainable options, world class infrastructure, and advantageous Price Differentials, make Real Estate investment in India a promising purchase for NRIs on multiple fronts. Per recent reports, there has been a 35% YOY rise in investments by NRIs in the Indian residential real estate market. Growing Interest in Indian real estate NRIs at large have witnessed a rise in income with higher paying jobs and flourishing businesses overseas. They are therefore looking at India as a great opportunity for real estate investment given the positive economical outlook for the country. These homes are lucrative rent generating assets for them as appreciation in India is higher than the other markets. The currency advantage also remains a catalyst to encourage investments from other countries.

Vamsi Gaddam has emerged a pioneer in India's sustainable construction industry, leaving a lasting impression on Visaka Industries Ltd, one of India’s leading construction companies. With a background that traces back to his role as a Management Trainee in 2011, Gaddam swiftly ascended the ranks, culminating in his current position as Joint Managing Director of the 40-year-old, ₹1600 cr.

By Leika Kihara and Takahiko Wada

RMG) companies are closely watching the Google versus startups battle over service fees, as they are likely to be the next cohort of application developers to be facing the 15-30% levy beginning June this year. These companies say absorbing a 30% service fee plus 28% goods and services tax will be a double whammy of sorts and will not be sustainable for any business. They are also considering various options to mitigate the impact.

New Delhi: The plan to restructure Sri Lanka’s debt could be completed by June, two people aware of the matter said, as the island-nation prepared to reach an agreement with its creditors in the coming months. "We expect that the agreements will be finalized around June, which will help settle the debt restructuring process with Sri Lanka," said one of the officials mentioned above, requesting anonymity. In May 2022, India's southern neighbour defaulted on its overseas debt after its worst financial crisis since independence in 1948 emptied out foreign exchange reserves.

Elevate your daily look with these affordable accessories that seamlessly blend fashion and utility. Delve into the world of fashion-forward and budget-friendly clutches that will effortlessly elevate your everyday look.

DK Shivakumar on Tuesday hailed the Supreme Court verdict quashing the money laundering case registered against him by the Enforcement Directorate (ED) I 2018. «Today is a happy day for me in my difficult life,» Shivakumar, who is also the president of the Karnataka Pradesh Congress Committee (KPCC) said, after hearing the news. «I have received a big relief from the Supreme Court,» he told the media, while offering his pranams to the court. The investigating agencies have been proved wrong, Shivakumar said. The Dy CM added that he heard the probe agency was preparing to appeal the verdict, and he was also prepared for a long battle.

Stocks reaching new highs often suggest that more highs could be on the way. However, occasionally, the market takes a break, similar to a runner stopping after covering a long distance.

A shift away from Chinese equities by global long-term investors has taken a pause, with some funds getting less bearish, according to Morgan Stanley.

pilots were injured as a small aircraft of the Indian Army landed on a field in Bihar's Gaya district on Tuesday morning moments after it took off, officials said. The microlight aircraft of the Army's Officers' Training Academy (OTA) landed on the field in Bagdaha village's Paharpur in Bodh Gaya sub-division around 9.15 am, they said. «During the training session, the aircraft experienced a malfunction and caused a massive sound. Eventually, it landed on the field,» a police officer said. Two trainee pilots were on board and they sustained minor injuries, he said.

Aston Villa insists the club is operating within the financial rules of the English Premier League despite reporting a loss of 119.6 million pounds in its latest accounts

JG Chemicals, which opened for subscription earlier today, was fully booked so far on the first day of bidding. The retail portion of the issue was fully subscribed, while NII category followed closely with 93% subscription. There were no bids yet in the QIB category of the IPO, which closes on March 7.

Karnataka aims to become a $1 trillion economy by 2032 by growing at a sustained rate of 18%, Industries minister MB Patil said on Monday. The state, he said, would soon bring out a new clean mobility policy that would make the state a premier destination for EV manufacturing. Patil, who was speaking at the inauguration of the 54th World Trade Centre Association (WTCA) Global Business forum, said that the state’s Industrial Policy for the period 2020-25 provided multiple financial incentives to create favourable economics for investors. “Karnataka is also partnering with technology companies to leverage industry 4.0 technologies and the state will drive automation and develop AI-powered subscription products or services,” he added. This was the first edition of the summit in Karnataka and the second held in India. The event, jointly organised by the New York World Trade Centers Association and Bengaluru World Trade Centers Association, was inaugurated by Deputy Chief Minister DK Shivakumar.

Tata Motors into two separate listed entities — CV and PV — will eventually lead to the exclusion of the smaller stock (commercial vehicles unit) from Sensex and Nifty just like what happened during the demerger of Jio Financial Services from Reliance Industries (RIL). «Tata Motors is currently a member in all passive indices. However, once the demerger is complete, with the smaller entity (CV business) becoming a standalone entity, it will exit Nifty50 and Sensex. We're looking at a wait of around 15 months or so for this to materialise,» Nuvama's Abhilash Pagaria said.

Stock market today: Platinum Industries share price today listed on BSE and NSE at a robust 31 percent listing premium. After a strong debut on Dalal Street, Platinum Industries shares extended its gains and went on to touch an intraday high of ₹236.25 apiece on NSE and ₹237 per share on BSE. However, the newly listed stock couldn't sustained at higher levels after the profit-booking trigger.

shares of Kotak Mahindra Bank could be in the offing as the price is near a technical support level, which has been breached only during the Global Financial Crisis of 2008, said analysts. But a tearaway rally looks unlikely with the stock seen grinding higher because of technical hurdles. Kotak shares are around a support level of its 50-day exponential moving average on a monthly time frame placed at ₹1,700-level, according to Tradonomy, an investment advisory. The stock could bounce from these levels, it said. «Fresh buying from smart money could come around these levels, taking it to 1,900-2,200 levels from here,» said Tadonomy's founder Dharan Shah.

HCL Group has invested Rs 166 crore to acquire a minority stake in education software company Educational Initiatives (Ei) This is a part of the secondary stake sale, where HCL Group has acquired a portion of the stake held by Mumbai-based private equity firm Gaja Capital in Ei.

By Laura Sanicola