Sustainability Financial News

Environmental, social, and governance (ESG) came up as an excellent strategy to align environmental goals with financial goals. It eventually promotes the betterment of the country. In context with the Indian stock market, ESG is gaining good traction. This is the result of constant government investment and the increased interest of citizens. People are now preferring to buy and make things that are not only financially feasible but also environmentally feasible.

Agratas, Tata Group’s global battery business, and Tata Technologies, an engineering and digital services company have announced their collaboration to scale Agratas’ product development and enterprise systems, supporting the design, development and manufacturing of best-in-class battery solutions.

The real estate sector, buoyed by a remarkable year, has again started looking towards the upcoming Interim Budget 2024-2025 with a blend of hope and expectations. The previous year, as detailed in various reports, was a milestone for residential real estate, witnessing an upsurge in both new launches and home sales. This success story has set the stage for what many in the industry hope will be a transformative period of policy reform.

Gurugram, one of the most significant cities amongst top metro cities, has become a focal point for Grade A office spaces, with a unique catalyst driving this surge—Global Capability Centers (GCCs) that global companies set up offshore to access specialized high-skill talent to ensure sustainable business growth. These GCCs, synonymous with innovation and research and development (R&D), are transforming India’s economic orientation.

Fendi, under Kim Jones, has presented a mesmerizing collection blending minimalist futurism with an homage to Karl Lagerfeld at Paris Couture Week

₹3.53 trillion, signify a collective step towards economic stability backed by trust and collaboration. It was encouraging to see the state receive interest for an additional ₹1 trillion investment, signifying opportunities in various sectors. The MoUs with diverse sectors are not merely financial commitments.

₹250 crore in FY23, compared to a loss of ₹66 crore a year earlier, according to a regulatory filing. “As Ola’s India Mobility business turns profitable in FY23..our focus on sustainable growth..has also set the stage for an exciting future of expansion and industry leadership," Bakshi said in a statement. The company is now divided into three business segments—Ola Mobility, Ola Financial Services and Ola Logistics—to streamline operations.

By Leah Douglas

According to a report from The Verge, Microsoft (NASDAQ:MSFT) is laying off 1,900 workers at Activision Blizzard and Xbox this week.

Introduction

At the start of December last year, gold prices reached a new all-time high of $2,135 per ounce.

₹153 crore. The firm cites the drop in company's consolidated net profit is due to higher employee costs and narrowed the revenue growth outlook for its largest business unit. As per LSEG data, analysts, on average, had expected a profit of ₹185 crore.

Coal India subsidiaries and NLC India on Thursday to review coal production and offtake in the last quarter of the fiscal. In a tweet, the minister said: “Happy to note that so far this year, the coal sector has achieved 11% growth in production and 8% growth in offtake over last year, and we are confident of achieving more than 1 billion tonne coal production in 2023-24." He added that the meeting laid emphasis on preparing a roadmap for sustainable coal mining in the coming years.

For the first time ever, ESG funds saw global net outflows amid a major exodus by US investors from environmental, social and governance strategies.

Tracks, the innovative Web3 music streaming dApp created by LABEL Foundation and built on the BNB Chain, is now available on LG Smart TVs running webOS 22 and webOs 23, globally. This pioneering launch introduces the first-ever Web3 music app on an LG smart TV platform, transforming how users engage with music streaming.

AI4Bharat, the research lab at IIT Madras, on Thursday announced the release of its first large language model Airavata trained on Hindi datasets. Airavata (Sanskrit word for ‘elephant’) was created using SarvamAI’s foundational Hindi model OpenHathi with diverse, instruction-tuning Hindi datasets to make it better suited for assistive tasks, the research wing said in a blogpost.

Indian industry, including exporters on Thursday, asked the government to provide tax incentives for research and more funds for marketing activities in the Budget to boost manufacturing and the country's outbound shipments. They also urged the government to consider developing a global shipping line in partnership with the private sector. India's outward remittance on transport services is increasing with rising exports. «We remitted over USD 80 billion as transport service charge in 2021. As the country moves towards the goal of USD 1 trillion, this will touch USD 200 billion by 2030,» Federation of Indian Export Organisations (FIEO) said, adding that the private sector may be engaged to develop the shipping lines. This will also reduce arm-twisting by foreign shipping lines, particularly of our MSMEs, the organisation said.

There’s no denying the fact that India's tourism industry is on a boom. With conversations shifting toward sustainability in travel, everyone is seeking a responsible and cost- effective travel experience. People want to make smart travel choices, and hence, they opt for travel credit cards. A travel credit card offers you discounts, reward points and cashback on your travel expenses. It also provides you with other benefits like lounge access and travel insurance.

Bengaluru-Salem National Highway, resulting in the tragic death of four individuals, including two women. The entire incident was captured by a CCTV camera. The footage reveals a speeding truck en route from Krishnagiri to Salem crashing into another truck on a bridge.

DCB Bank fell over 6 percent on Thursday after the lender witnessed a decline in its net interest margin (NIM) for the quarter ended December (Q3FY24). Its NIM for Q3FY24 declined sharply 21 bps QoQ to 3.48 percent. The lender posted an 11.2 percent year-on-year (YoY) rise in its net profit to ₹126.6 crore for the third quarter of FY24, as against ₹113.9 crore in the same period last year.

Analysts at most top brokerages raised or retained share price targets on Axis Bank after the lender's December quarter results.