Sustainability Financial News

₹10 lakh on the State of Rajasthan for what it deemed as harassment of the poor litigant by dragging the case on for years and through various layers of the judiciary. This decision underscores the Supreme Court’s stance against unnecessary legal actions that burden individuals, particularly those with limited resources, and the Indian judicial system.

₹1,930 crore in Ananya Birla’s Svatantra Microfin. They said this will be the largest private-equity investment in the sector in India. Mint had reported on the development in February, noting that the Mumbai-based microfinance institution (MFI) would use the funds to expand and consolidate its growth.

(Reuters) — Ford Motor (NYSE:F) Co on Monday reported a 10.5% rise in U.S. sales for February, helped by sustained demand for family crossover SUVs, pickup trucks and hybrid vehicles.

After Goldman Last week, Apple (NASDAQ:AAPL) also left Evercore ISI’s lists of top Buy-rated stocks, the broker’s analysts revealed in a Friday note.

Crude oil is set to have an intriguing week, especially following Friday's breakout. Prices surged even before OPEC+'s weekend decision to prolong supply cuts, suggesting investors may have anticipated such an extension.

Driven by a sustained momentum in AI, capitalization-weighted market indices continue to advance, with the tech-heavy Nasdaq-100 not experiencing a decline of -2.5% or more for 302 days.

We have finally entered the bull market system after a lull of 2 years. The industry has sustained while weeding out weka projects and shitcoins. Bitcoin is nearing its ATH, and the market has just crossed the $2 trillion mark. The market has seen massive inflows, but for the altcoins, the bull season has just started.

Renewable energy player BluPine Energy on Monday said it has completed the acquisition of 369 MW solar power assets from Acme Group. The 369 megawatts of solar capacity power assets are spread across Uttarakhand, Punjab, and Karnataka and augment its total renewable capacity to 2.4 gigawatts, BluPine Energy said in a statement. Neerav Nanavaty, CEO of BluPine Energy, said, «The renewable energy sector in India continues to witness remarkable growth. We have high-quality solar assets in our portfolio, further solidifying our commitment to driving positive change in India's energy sector.»

NEW DELHI : Jindal Stainless Ltd is set to upgrade its facilities in Hisar, Haryana as a green hub for manufacturing in a couple of years, in preparation for the new European carbon tax that starts in 2026, said managing director Abhyuday Jindal. The company on Monday inaugurated India’s first green hydrogen stainless steel plant in partnership with Hygenco India Pvt. Ltd at Hisar.

Jyotiraditya M. Scindia, addressed a gathering at the inauguration of India's first green hydrogen plant within the stainless steel sector in a landmark moment for India's industrial landscape. The inauguration ceremony marked a milestone in India's journey towards sustainable industrial practices, with the Jindal Stainless' Green Hydrogen project paving the way for a greener, eco-friendlier future. Speaking at the inauguration ceremony, Minister Scindia expressed his immense pleasure at inaugurating the first green hydrogen plant, which symbolizes the collaborative efforts of two innovative powerhouses, Jindal Stainless and Hygiene Co.

Also Read: 11 power stocks including Adani Green Energy, NHPC gained between 20% and 110% in 3 months; check full list Going forward, the sharp bull run in PFC and RECL is likely to continue as per the projections made by domestic brokerage firm Elara Securities. The brokerage has identified the following four key growth levers for power financiers: 1] Renewed interest in thermal capacity addition following the Government of India's announcement regarding the addition of 80 GW and the emphasis on grid stability.

The economy is looking up, and that’s a challenge for the Federal Reserve. The pandemic shock prompted excessive monetary and fiscal responses, generating inflation. The Fed responded with aggressive rate hikes that reduced inflation within reach of its 2% longer-run target.

Devon Conway is all but ruled out of the upcoming Indian Premier League (IPL) as he will be sidelined for at least eight weeks due to the thumb injury he sustained during the T20I series against Australia last month. The 32-year-old Conway will undergo surgery on his left thumb which got injured during the second T20I in Auckland on February 23. He missed the first Test which ended on Sunday and after further medical examination, he has been advised surgery. «Devon Conway has a small fracture in the joint of his thumb. So he will undergo surgery this week and hopefully he will good in somewhere between an eight-week period,» New Zealand head coach Gary Stead said in a media interaction. Conway was bought by Chennai Super Kings for a base price of Rs 1 crore in the 2022 auction. The left-handed batter has amassed 924 runs in 23 matches in the IPL at an average of 46.12 with a strike rate of 141. 28.

Investing.com-- Most Asian stocks fell slightly on Monday, weighed chiefly by caution ahead of China’s national congress for 2024, although a sustained rally in technology stocks saw Japanese markets make new highs.

Investing.com-- Federal Reserve Chair Jerome Powell is likely to reiterate his hawkish stance on interest rates and inflation when testifying before Congress this week, analysts at ANZ Group said in a note on Monday. 

Virginia lawmakers have passed legislation that would legalize skill games, the slots-like betting machines that proliferated in businesses around the state before an on-again, off-again ban took effect

Godrej Consumer Products Ltd (GCPL) may see better-than-peers earnings growth ahead, under chief executive officer Sudhir Sitapati’s leadership. The company is taking the right steps to improve the overseas and India portfolio. It plans to bolster the financial position of the GAUM (Godrej Africa, USA, and Middle East) segment, which formed over 24% of GCPL’s consolidated revenue in the nine months ended December (9MFY24).

Lok Sabha elections this year. During the meeting, a 100-day agenda for immediate steps to be taken after a new government is formed in May was deliberated upon for its quick implementation.

Mint looks deeper into the third quarter performance and the prospects for the next few quarters. After strong growth in the first two quarters of 2023-24 (8.2% in Q1 and 8.1% in Q2), it was expected that the economic expansion will moderate to 6.5% levels in the third quarter. This was because manufacturing, mining and electricity sectors were showing signs of weakness, and an uneven monsoon was hurting agricultural output.

cycling in Navi Mumbai. The tragedy underscores a prime reason why those willing to shift to cycling in our cities do not. Saini chose to cycle even though he could have used a car because opting to pedal is a healthy, environment-friendly choice for a growing number of affluent Indians.

NTPC projects on March 4, 2024, signalling a significant leap towards sustainable development and economic growth, an NTPC statement said. Modi will dedicate Unit -2 (800 MW) of NTPC's Telangana Super Thermal Power Project (Stage-I) located in the Peddapalli district of Telangana. With an investment of Rs 8,007 crore, this project utilises ultra-supercritical technology, ensuring optimal power generation efficiency while significantly reducing CO2 emissions.