Sustainability Financial News

New Mexico is preparing to set aside billions of dollars to sustain government spending in the future in case an oil production bonanza fades in the transition to cleaner sources of energy

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Cyient as its 'top pick of the week'. This is on the back of accelerating demand for ER&D services, new growth areas, and robust order intake for core services (DET). The brokerage has a ‘buy’ call on the stock with a target price of ₹2,460, implying a potential upside of 13.5 percent from its current market price of ₹2,166.40 (as on February 13, 2024).

SEBI to address any queries promptly. They also indicated that the current capital market conditions are favorable for the company to proceed with its initial public offering.

Investing.com-- Oil prices moved little in Asian trade on Tuesday as traders turned cautious ahead of key U.S. inflation data that is expected to factor into the path of interest rates, while an OPEC monthly report was also in focus. 

Inflation in January dropped modestly, thanks to a cool-off in food prices. Government data released on Monday showed the benchmark consumer price inflation rate declining to 5.1% year-on-year, compared with 5.7% in December, with food inflation easing to 8.3% in the first month of 2024 from 9.5% the month before. While inflation’s declining trend is comforting, this drop isn’t as sharp as some economists had expected.

Applied Materials will collaborate with semiconductor supplier organisations to reduce the time to commercialisation in India, said a senior executive. “Applied Materials will collaborate with semiconductor supplier organisations with the intent to reduce the time to commercialisation and develop a sustainable semiconductor ecosystem in India,” Suraj Rengarajan, managing director, Applied Materials India, told ET. The company last year announced that it will set up an engineering centre in Bengaluru with a total investment of $400 million (about Rs 3,278 crores) over four years to develop and commercialise technologies for semiconductor manufacturing equipment.

SYDNEY (Reuters) — Australia's central bank on Tuesday reiterated that while inflation was slowing, it was still too high and would take time to return to target, with much depending on whether productivity revived as hoped.

Arvind Virmani was chief economic adviser. A growth collapse was averted and our economy emerged from the crisis quickly. Sustaining the recovery required careful handling.

Markets are eagerly awaiting the first rate cut from the Fed, and all eyes will be on inflation data tomorrow.

manufacturing sector whose share in India's GVA continues to languish at about 17.4% which is less even than the share of agriculture. The government's persistent efforts to invigorate this crucial segment have led to the introduction of various initiatives, and at the forefront is the Production Linked Incentives (PLI) scheme under the flagship Atmanirbhar Bharat Abhiyaan. The PLI scheme, conceived with the aim of overhauling domestic manufacturing, seeks to amplify capacity and competence and create global champions.

FICCI) Northeast Advisory Council and Assam State Council have welcomed the Assam State Budget for 2024-25. The budget's strategic allocations and visionary initiatives are poised to catalyse sustainable development, economic revitalization, and social empowerment across the state, it said. Ranjit Barthakur, Chairman of FICCI Northeast Advisory Council, lauded the Assam State Budget 2024-25 for its integrated approach towards development, particularly emphasizing the budget's dual focus on enhancing infrastructure and supporting social and environmental initiatives. «The budget smartly navigates Assam's development path by significantly increasing capital expenditure to Rs. 16,338 crore in FY 2022-23, from Rs. 2,951 crore in FY 2015-16, demonstrating an unparalleled commitment to infrastructure. Equally commendable is the allocation of Rs. 2445.71 crore to the Agriculture Department for sustainable practices, Rs. 2369.86 crore for transforming 322 schools, and a visionary Rs. 1207.25 crore towards the Environment and Forest Department. The allocation of Rs. 40 crore for the Amrit Brikshya Andolan, aiming to plant 3 crore saplings, marks a significant step towards environmental conservation. This is in line with the global sustainability commitments he said. These figures highlight the government's balanced approach to achieving economic growth, social welfare, and environmental sustainability,» he elaborated.

Vedanta double the operating profit made on each tonne of aluminium going ahead, said John Slaven, chief executive officer for Vedanta Aluminium. India’s consumption of aluminium is likely to double in 5 years at the current growth rate, and Vedanta will look at maintaining its market share while focusing on sustainability, Slaven told ET in an interaction. Edited excerpts:

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In the coming months, Bitcoin is set to undergo a significant event known as “halving,” which will reduce the reward for Bitcoin miners who successfully complete a block.

investment decisions, carefully considering our risk profiles. The concept of patient, long-term investing unconsciously mirrors Darwin’s principles in evolutionary biology. Charles Darwin’s theory of evolution revolves around allowing time to shape future generations.

Stock market today: Despite heavy selling in mid-cap and small-cap stocks, Gensol Engineering shares witnessed strong buying interest on Monday. Gensol Engineering share price today opened upside at ₹1,170 apiece on NSE and went on to touch an intraday high of ₹1,199 per share on NSE, logging around 8 percent rise against its Friday close of ₹near ₹1,112 apiece.

ESG funds have been around for a while, the good news is that their scope has widened in the recent past. Earlier each mutual fund house was permitted to launch only one scheme under the ESG category. The capital markets regulator Sebi, in a circular issued in July last year, gave a green signal to multiple ESG schemes, so long as they are launched with different investing strategies.

Sensex gained 167.06 points, or 0.23%, to close at 71,595.49, while the Nifty 50 ended 64.55 points, or 0.3%, higher at 21,782.50. Nifty 50 formed a small body-positive candle on the daily chart with a minor lower shadow, which indicates an emergence of buying from the lower supports. “The market remained in a pattern of a one-day sharp decline and upside bounces in the subsequent days.

Ministry of External Affairs (MEA) confirmed. The eight former Indian Navy officials were condemned to death in October, had been accused of spying for Israel. Seven of the eight released former Indian Navy personnel returned to India on Monday.

Buy or sell stocks for today: After witnessing a sharp sell-off on Thursday, the Indian stock market shifted into a sustainable upside bounce from the lows and closed higher on Friday. The Nifty 50 index gained 64 points and closed at the 21,782 level, the BSE Sensex went up 167 points and closed at the 71,595 mark while the Nifty Bank index shot up 622 points and finished at the 45,634 level.