Sustainability Financial News

Mookmati. Through his works, he gave a voice to the downtrodden. In the domain of healthcare too, his contributions were transformative.

Buy or sell stocks for today: Domestic market benchmark Nifty 50 crossed the coveted 22,000 mark for the first time, hitting its fresh record high of 22,215.60, in intraday trade in the previous session, with shares of HDFC Bank, Axis Bank and Power Grid among the top contributors. The domestic market witnessed significant volatility on Tuesday, with the Nifty 50 index swinging 170 points during the session. The Nifty 50 finally closed 75 points, or 0.34 per cent, higher at 22,196.95.

By Tetsushi Kajimoto

(Reuters) -Rio Tinto Ltd has signed a renewable power purchase agreement with specialist renewable energy firm Windlab to buy the majority of electricity from its planned 1.4 giga-watt (GW) wind energy project in Queensland, the miner said on Wednesday.

International advocacy organization Global Citizen is turning to Gen Z and millennial leaders in its fight to reach the United Nations’ Sustainable Development Goals and end extreme poverty

Stellaris Venture Partners anticipates a significant uptick in deal activity within generative artificial intelligence (genAI) and sustainability, and has strategically integrated the emerging opportunities into its investment mandate, Rahul Chowdhri, partner, Stellaris Venture, said. The venture capital (VC) firm, which had raised its $225 million second fund in 2021, has backed software-as-a-service (SaaS), business-to- business (B2B) marketplaces, and consumer firms from the fund. “In the last two years, we have added gen AI and sustainability to our investment focus for fund II," said Chowdhri.

Crypto experts are accumulating an exciting new green crypto called eTukTuk ahead of 2025, a year when the crypto bull market is really expected to explode.

The Singapore Airshow – Asia's largest – kicks off Tuesday with an array of aerial displays including some by China’s COMAC C919 narrow-body airliner

Power Finance Corp (PFC) on Tuesday signed a memorandum of understanding (MoU) with the Goa government to fund the state’s green energy ambitions through a blended finance facility. Under the MoU, PFC will provide financial support for Goa’s pivotal climate-related projects.

India continues to rise, mirroring ongoing inflationary pressures, higher commodity prices and increased construction costs. The average cost to fit-out workplaces with medium specification across India increased 4.5% from a year ago with the average fit-out cost per sq ft rising to Rs 5,788. Mumbai continues to be the most expensive city in India for office fit outs at an average of Rs 6,588 per sq ft followed by New Delhi at Rs 6,068 per sq ft, showed global property consultant JLL’s Asia Pacific Fit-Out Cost Guide 2023-2024. “India’s supply-chain performance has improved significantly over the last two year, coping better to the global disruption, and varying regulatory frameworks. Largely, input costs have decreased due to reduced global raw material prices, however increasing labour costs remains set on an upward trajectory. This industry is also making efforts to modernise and streamline the supply chain to enhance efficiency and competitiveness,” said James Jipu Jose, Managing Director, Project & Development Services (PDS), India, JLL.

While it will likely be a relatively quieter week so far as macro data is concerned, North American markets re-open today after a long weekend, and with China also back this week, markets should turn a bit livelier after a quiet period.

BNP Paribas Easy Sustainable EUR Corporate Bond is an Article 9 fund with a «100% sustainable universe» and is benchmarked against the Bloomberg Euro Aggregate Corporate index, an investment grade bond index with an average duration of 4.4 years.  The second fund, BNP Paribas Easy Sustainable EUR Government Bond, is an Article 8 ETF targeting 30% sustainable investment. The benchmark index for the fund is JP Morgan EMU Investment Grade, also an investment grade bond index, but with an average duration of 7.1 years. Both funds are sub-funds of the BNP Paribas Easy Luxembourg SICAV and ...

Reserve Bank of India in the February edition of its monthly bulletin said that expectations of a fresh round of capital expenditure by the corporate sector will likely fuel the next leg of growth. RBI Governor Shaktikanta Das said that investment cycle in India is gaining steam, thanks to sustained thrust on government capex, increasing capacity utilisation, rising flow of resources to the commercial sector, and policy support from schemes such as production linked incentive (PLI scheme).

Parag Parikh Dynamic Asset Allocation Fund, an open-ended dynamic asset allocation fund. The new fund offer or NFO of the scheme is open for subscription and it will close on February 22. The scheme will re-open for continuous sale and repurchase on February 28. The investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments. The allocation between equity instruments and fixed income will be managed dynamically to provide investors with long-term capital appreciation while managing downside risk.

Also Read: Bank stocks to consolidate till margins start improving, says InCred Equities; recommends HDFC, ICICI Bank, SBI While, on the downside, the 20-day EMA (Exponential Moving Average) is likely to provide cushion in case of any immediate decline, which is currently placed at 21,784 level. The brokerage advises to look for stock-specific opportunities in Auto, Pharma, Banking, IT, and Oil & Gas space. Meanwhile, the Bank Nifty seems to have found stability around the 200-day EMA level after underperforming the frontline indices in recent months.

Mukul Agrawal portfolio: Gensol Engineering share price has been on an uptrend since the early morning session. Gensol Engineering share price today had a gap up opening at ₹1290 apiece on NSE. After an upside opening, the engineering stock went on to touch an intraday high of ₹1,376 apiece, which tuned out its new 52-week high.

Waaree Renewable Technologies, the solar EPC arm of Waaree Group, saw its shares surge by 5% to ₹4,650 each in today's intraday trading. This increase followed the company securing a significant Letter of Award (LOA) for executing engineering, procurement, and construction (EPC) duties for a solar power plant of 980 MWp. The contract, valued at ₹990.60 crore, was granted by one of India’s leading renewable energy firms.

diversification and willing to navigate market fluctuations. Flexi-cap schemes offer the flexibility to adjust allocations based on current market conditions and emerging opportunities. “Unlike the constraints of single large, mid or small-cap schemes, which focus solely on respective companies, flexi-cap schemes provide the opportunity to adjust the allocation according to prevailing market conditions and opportunities.

One 97 Communications, the parent company of Paytm, have recently shown significant upward movement, consistently hitting upper circuit limits in recent trading sessions. In today's trading session, the stock was locked at a 5% upper circuit limit at ₹376 apiece, marking the third consecutive day of a 5% rally.

Haldwani was lifted completely on Tuesday morning, marking the end of the restrictions that had been imposed for 12 days following violent incidents sparked by the demolition of an “illegal" madrasa. As reported by PTI citing an official directive, the curfew was lifted at 5 am. Throughout the period when the curfew was enforced, the administration provided intermittent relaxation for different durations.

Bajaj Finserv Asset Management Limited launched the Bajaj Finserv Large and Mid Cap Fund, a unique offering that revolves around the innovative moat investing strategy. With the New Fund Offer (NFO) scheduled to close on 20th February 2024, potential investors are presented with an opportunity to delve into a scheme that comes with a host of benefits tailored to meet their financial goals. At the heart of this scheme lies the moat investing strategy.