Sustainability Financial News

ACME Group on Friday said it has signed an agreement with gas exchange IGX to explore opportunities of collaborations for developing green hydrogen and ammonia projects in India. The Memorandum of Understanding (MoU) was signed between Manoj Kumar Upadhyay, Founder and Chairman of ACME Group, and Rajesh Kumar Mediratta, Managing Director and CEO of IGX, at the ongoing India Energy Week in Goa, a statement said. The agreement covers the partnership across the green hydrogen and ammonia value chain, starting from production to logistics and supply to the industrial customers for use in a range of applications and reduce the overall emissions contributing to the national decarbonization targets, the ACME Group said in the statement. Ashwani Kumar Dudeja, Group President and Director of ACME Group, said, «We're collaborating with IGX on developing the market for green hydrogen and its derivatives in India, aiming to pioneer sustainable energy solutions and create liquid and transparent market for customers.»

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Bajaj Allianz Life Insurance recently launched an inclusive scheme that enables policyholders to access assured early income. The latest offering, Bajaj Allianz Life Assured Wealth Goal Platinum, provides guaranteed payouts from the commencement of the second policy year.

By providing early payment options and improving financial stability for suppliers, DBS Bank’s SPS solution reduces the risk of disruptions, resulting in a more stable and resilient supply chain for clients. Furthermore, it promotes supplier inclusion, empowering the bank's clients to expand their supply chains and diversify their sourcing options.

NEW DELHI : The ruling National Democratic Alliance (NDA) government and the opposition Congress party locked horns on Thursday, over a paper tabled in the Lok Sabha by finance minister Nirmala Sitharaman accusing the previous United Progressive Alliance regime of undermining the country’s macroeconomic fundamentals, and the Congress hitting back at the government citing price rice and unemployment. The debate over the economic track record before and after 2014 highlighted major shocks that India’s economy underwent under both regimes, how the respective governments dealt with them, the effectiveness of the fiscal stimulus, given as well as the persisting issues of price rice and job creation not being commensurate with the demand from a large working age population.

Mint explains how the rental story may play out: Residential rents have seen a remarkable turnaround post-pandemic. Last year, average monthly rentals in parts of the top 7 cities soared over 30%, according to Anarock Property Consultants. Bengaluru saw the steepest rise, with high demand due to the ‘back to office’ mandate by firms, and low supply of ready projects.

For several months, I have pushed back against the market expectation that the US Federal Reserve’s cycle of interest-rate cuts would start as early as March. Last fortnight, I said that June was much more probable.

Dharaksha Ecosolutions, a Faridabad-based start-up, specializes in mycelium-based biodegradable packaging. It is among the seven revenue-generating start-ups selected under Cisco and Social Alpha’s Krishi Mangal second edition cohort, a scale-up accelerator program launched in 2021 to support start-ups in agriculture and allied livelihoods.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

The Fed's monetary policy meeting this week is being closely watched by global markets as macroeconomic data keeps undermining the need for the US central bank to start lowering rates in the first semester of the year already.

UBS Group strategists are forecasting a challenging period ahead for global equities, which are currently trading near all-time highs.

Ravindra Jadeja and batter KL Rahul were on Monday ruled out of the second Test against England starting in Visakhapatnam on February 2. Jadeja sustained a hamstring injury during play on Sunday while Rahul complained of a right quadriceps pain. «Mr.

IDFC First Bank Test against England in Vizag, starting February 2. Ravindra Jadeja sustained a hamstring injury during play on Day 4 of the first Test in Hyderabad while KL Rahul complained of a right quadriceps pain.

By Sergio Goncalves and Andrei Khalip

ONGC (Oil and Natural Gas Corporation ) share price rose more than 5% during the intraday trades on Monday as it scaled 52-week highs. The stock was amongst the largest gainers in the Nifty-50 stocks.

Nationally Determined Contributions (NDC) to reduce emissions intensity. the construction and operation of buildings, responsible for approximately 40% of global carbon emissions become particularly significant in this regard.

Cryptocurrency markets traded marginally lower on Monday, dragged by Bitcoin, Ethereum, Cardano, and Avalanche. However, over the weekend, Bitcoin surged over $42,000 level, and other altcoins also saw gains. At 11.39 a.m., Bitcoin was trading 0.84% lower at $42,164, while Ethereum was down 1.05% at $2,266. «Over the weekend, Bitcoin climbed back above $42,000, aligning with the performance of equities. A breach of the $42,800 resistance might set the stage for a move to the $43,500 level. The market could see renewed buyer interest if Bitcoin surpasses $44,700. Conversely, a failure to overcome resistance places support at $41,750,» said Edul Patel, CEO of Mudrex. CoinDCX Research Team said, " Ethereum (ETH) closed on a bearish note and is still positioned below the 20EMA Daily. Currently, ETH is in the middle of its range, slightly above $2,275. Key support and resistance levels for ETH are at $2,175 and $2,388, respectively."

By Simon Jessop and Huw Jones

corpus of Rs.10.5 crore to sustain inflation-adjusted withdrawals till the age of 85. To build this enormous nest egg, Nagarajan needs to put away nearly Rs.80,000 every month in avenues that earn her 10% annualised returns. However, the Chennai-based IT professional earns Rs.60,000 per month and spends nearly all of it. “If I start saving for retirement, I will have nothing left to spend,” she says. Many people dream of a care-free retirement, with lots of spare time and enough money in the bank. This dream may remain just that if you haven’t saved enough. The road to building an adequate nest egg is full of pitfalls. Topping the list is investing less than you need to. A 30-year-old, aiming at a retirement income of Rs.50,000 a month, will need to invest Rs.35,000 a month for 30 years to live comfortably till the age of 90. Invest less than this amount and your nest egg will be finished in no time (see graphic). “Under-funding of retirement corpus is a common problem. People don’t realise this until much later, when money starts running out,” says Abhishek Kumar, Founder & Chief Investment Adviser, SahajMoney. No more nudges It is here that compulsory savings play an important role. The mandatory monthly contribution to retirement plans, such as the Employees’ Provident Fund and the NPS, means that salaried people are putting away at least 12% of their income towards retirement. Add to this the tax-saving investments under Section 80C, which force many people to put away money in long-term investments.

TJM Institutional Services director James Iuorio predicts a longer economic lag this year.

NEW DELHI : The department of water resources, river development and Ganga rejuvenation may get 10% more in the interim budget for continuing with marquee projects such as linking the Ken and Betwa rivers, dam rehabilitation and improvement, infrastructure rehabilitation, Namami Gange and Atal Bhujal Yojana, a senior official said. In the FY24 budget, the department received an allocation of ₹20,055 crore, which may be hiked to a little over ₹22,000 crore. “As of now I think the interim budget will be more about carrying on with the current work that is happening unless there are some major SOPs," the official said.