Sustainability Financial News

As Solana (SOL) edges closer to the $100 mark, the crypto community is abuzz with speculation about its potential to surpass its previous all-time highs. Trading at $94.05 today, SOL has seen a 1.03% increase in the last 24 hours, with a robust trading volume of around $2.34 billion.

By Jamie McGeever

Indian Stock Market: A tough battle unfolded in the market as the Nifty remained highly volatile throughout the day. The sentiment may continue to lean towards the bears as the Nifty struggled to surpass the 21500 mark, where call writers held substantial positions. Looking ahead, the trend is likely to remain sideways, fluctuating within the range of 21300 and 21500.

(Reuters) — The Inter-American Development Bank (IDB) has approved a loan worth $100 million to Paraguay to help the country improve its logistics performance and commercial integration, it said in a statement.

retail lending is increasingly posing concerns for the banking industry, arising from a potential systemic risk. The non-mortgage lending growth of banks and NBFCs has been growing at 25-30% YoY, mainly led by credit cards, durables, autos, personal loans, education loans, and others. A recent RBI research delves into the empirics of retail credit growth and concludes that the quality of retail loan portfolio is healthy across banks, product categories, and borrower risk classes, even as growth continues to surge. But it warns that some subcategories, mainly credit cards and vehicle loan portfolios, show signs of weakness, and need close monitoring. The broader message of this study is that there are incipient concerns about rising credit risks from rampant retail lending by banks and NBFCs. However, the fact that the RBI’s research recommends further regulatory tightening to contain the spillover effect aligns with our fervent alerts on exuberant retail lending. Considering RBI’s latest study, the announced and prospective regulatory tightening, and our assessment of the economic cycle, the headwinds for the Indian banks and lending industry will likely intensify.

third season of Shark Tank India wherein enthusiastic entrepreneurs from India are back to present their business ideas to the panel, hoping to secure investments? The atmosphere is charged with excitement as both investors and budding entrepreneurs prepare to make the most of this brief opportunity, which lasts only a few minutes. One standout moment was Priyasha Saluja’s pitch for The Cinnamon Kitchen, where she impressed the investors by highlighting her impressive credit score. Her closing statement, “Main Paisaa Leke Deti Hoon Waapis," translates to “I repay all my debts on time".

New Jersey’s public transit agency is scrapping plans for a backup power plant that would have been fueled by natural gas, heartening environmental justice advocates who targeted it and several other proposed power plants in largely minority areas

₹50,000 crore into highway building in the current fiscal as it chases a record 13,800-km target, despite slow construction across much of the year. The Union budget for FY24 had granted ₹2.6 trillion for the ministry of road transport and highways (MoRTH) for road construction. The additional amount will be used to build new roads, pay for projects awarded earlier, and acquire land.

Investing.com — Underlying U.S. price growth rose by 0.2% as expected in December, a rate that, if sustained, many economists believe could help cool inflation back down to the Federal Reserve's target.

Dubai COP28 last month, 'Whether you like it or not, fossil fuel phase-out is inevitable.' In this context, questions like whether high-end Indian consumers really care for environmental impact, whether they are willing to pay a premium for sustainable products, and whether companies focus on ESG just because it's a mandate from shareholders and board are gaining traction. The real motivation for both companies and consumers is to save our planet for our children, and ensure we hand over a cleaner and greener environment for them to grow in. Today's challenges related to climate change, resource depletion and carbon footprint are very real.

₹50,000 crore into highway building in the current fiscal as it chases a record 13,800-km target, despite slow construction across much of the year. The Union budget for FY24 had granted ₹2.6 trillion for the ministry of road transport and highways (MoRTH) for road construction. The additional amount will be used to build new roads, pay for projects awarded earlier, and acquire land.

Every country is obsessed with GDP or gross domestic product which is the market value of goods and services produced by labour and property located in that country during a year or part of it. The prosperity of a country is measured by the size of its GDP and its per person income. The world’s GDP in 2022, after accounting for inflation, was nearly $90 trillion, according to the World Bank, up from about $51 trillion in 2002.

Zomi Council Steering Committee (ZCSC) submitted a memorandum to the Prime Minister highlighting the plight of the Zo people — the Hmars, the Kuki-Zos and the nine Zomi tribes — who continue to bear the brunt of Meitei radicals. The ZCSC letter described how the Arambai Tenggol, a Meitei militia group, after radicalizing and then subsequently militarizing the 700-odd square miles of Meitei ancestral territory within the last eight months, have influenced 39 Meitei representatives — 37 Members of Legislative Assembly (MLAS) and two Members of Parliament (MPs) — to take an Oath favouring the desires of the militia group. The memorandum explained how the Oath commissioned by Arambai Tenggol is a pledge by the Meitei MLAs and MPs to further the State sponsored ethnic cleansing pogrom on the Zo ethnic tribes and is no different from relinquishing of the Indian State of Manipur to a group of armed Meitei radicals. The entire Oath-taking exercise testified the collapse of democracy and all forms of governance in Manipur, a case similar to Afghanistan, Libya, Gaza, etc. where armed militias took over the elected government.

RBI governor Raghuram Rajan on Friday said India needs to focus more on education and healthcare to become a developed economy by 2047. He highlighted the fact that India has maintained an average growth rate of six per cent over the past 25 years, which is no easy feat for any country. Rajan emphasised the need for governance reforms, as well as a focus on education and healthcare, to build a strong foundation.

Ride-hailing company Ola Mobility plans to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year. The company on Friday announced the launch of e-bike service in Delhi and Hyderabad. In September 2023, Ola had launched a pilot project of e-bike service in Bangalore.

ClimateGPT is a compilation of various open-source large language AI models that focus on highlighting the impact of climate change. The tool, powered by Dutch startup Erasmus.AI, accesses over 10 billion web pages and millions of open-access academic articles across natural, social, and economic sciences to ensure credibility and authenticity.

As the sun sets on the fiscal horizon, casting shadows of anticipation and speculation, the real estate industry eagerly awaits the unveiling of the pre-budget landscape. In the intricate dance between policy and practice, the pre-budget phase becomes a crucial overture, setting the tempo for the real estate symphony that echoes through economic corridors. Realty experts say the pre-budget expectations in the real estate sector are akin to seeds sown in fertile soil, where each policy pronouncement is poised to sprout into a forest of opportunities. Investors, developers, and homeowners alike stand on the precipice of fiscal revelation, hoping for a budget that not only addresses the challenges but also nurtures the growth of the real estate ecosystem. The clamor for fiscal incentives, tax reforms, and regulatory frameworks harmonized with the evolving needs of the industry resonates within the corridors of real estate power. A pre-budget that espouses simplicity in procedures, transparency in transactions, and encouragement for sustainable practices becomes the catalyst for a robust and resilient real estate sector.

By Sohamm Thakkar

electric vehicle industry in India is advancing at a rapid pace. However, industry players note that it still needs some hand-holding as it is yet to mature. There is almost a consensus on the government continuing FAME subsidies in FY25. Along with that, many industry players have asked for GST parity for EV batteries, as well as financial incentives such as tax credits, subsidies, and low-interest loans. Here's what the industry players are asking from Finance Minister Nirmala Sitharaman. Hyder Khan CEO Godawari Electric Motors «I eagerly anticipate the upcoming budget with optimism and a fervent hope for increased support towards the electric mobility sector. The extension and enhancement of the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme would be instrumental in propelling India towards a sustainable and eco-friendly future. Substantial subsidies for electric vehicles and related infrastructure would not only incentivize consumers but also bolster the growth of our industry. These measures will not only promote cleaner transportation but also stimulate innovation and job creation. I look forward to a budget that recognizes the pivotal role electric mobility plays in achieving environmental goals and economic development, and I trust that the government will continue to foster a conducive ecosystem for the electric vehicle industry to thrive.»

credit cards, with a record 1.9 million additions during the month alone, the latest Reserve Bank of India (RBI) data revealed. The calendar year 2023 saw the addition of 16.71 million cards, a significant increase from the 12.24 million added in 2022. This trend of growth has been consistent over the past five years, with the number of credit cards in circulation swelling by nearly 77 per cent from 55.53 million in December 2019.

The Manglam Group on Thursday announced the launch of Manglam Signature Elite. Situated at the prestigious Narayan Singh Circle in Jaipur, Rajasthan, with seamless connectivity to all city roads and essential facilities, this retail-cum-commercial project offers spaces for premium corporate offices and showrooms.