Sustainability Financial News

The jobs of people who produce Sports Illustrated were in limbo after the company that paid to maintain the iconic brand’s print and digital products told staff that its license was revoked

Indian firm Tata Steel says it will close both blast furnaces at its plant in Port Talbot in Wales, eliminating 2,800 jobs

Ram Temple. This significant day is brimming with auspicious ceremonies, public engagements, and a meticulously planned schedule that underscores the spiritual and cultural significance of the occasion. PM's Spiritual Journey: A Glimpse into the Day Prime Minister Narendra Modi, actively involved in the Ram Temple movement since 1990, will oversee the 'pran pratishtha' ceremony after an 11-day 'anushthan' ritual.

In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far in the month of January, FPIs were net sellers at Rs 16,455 crore. Domestic institutional investors, meanwhile, are holding for as they invested about Rs 10,274 crore in Indian equities so far this month. Analysts say the rise in US bond yields and elevated valuations are triggering capital outflows from emerging markets. The not-so-pleasing results of India's leading HDFC Bank also aggravated the outflows as they increased short positions.

Ollie Robinson, who last played a Test for England in July last year before sustaining an injury, said that he has been practising Indian pacer Mohammed Shami's «dead-straight» seam bowling and looking forward to battle star batter Virat Kohli during the five-match Test series against the Asian giants. It will not be Robinson's first tour to India, having travelled as a «reserve» back in 2021, when Indian spinners dominated England to win the series 3-1, with Joe Root's double hundred in the first Test at Chennai being the only major batting highlight for the English team. During that time, Robinson had spent a lot of time training, serving drinks to his teammates or just staying inside the hotel.

President of the United Nations General Assembly Dennis Francis is undertaking an official visit to India from January 22 to 26 during which he will visit New Delhi, Jaipur and Mumbai and also meet External Affairs Minister S Jaishankar, according to an official statement issued by his office. During his five-day trip, Francis will hold bilateral discussions with the India leadership and engage with civil society, leading think tanks, embark on field visits and participate in events related to sustainability, multilateralism, accessibility, and digital public infrastructure, among other engagements.

Steel Authority of India (SAIL) and one director of iron ore major NMDC for alleged misconduct, according to exchange filings by the companies. SAIL also has suspended 26 other officials with immediate effect for violation of its code of conduct, the steel PSU said in a regulatory filing to BSE. The filing said the Ministry of Steel vide its letters dated January 19, 2024, "in exercise of the powers conferred by sub-rule (1) of Rule 20 of the Conduct, Discipline and Appeal Rules, 1977 of Steel Authority of India Limited, has placed V.S.

The Indian real estate sector has registered record-breaking growth numbers in 2023. Now, with the Union Budget 2024 around the corner, the real estate sector is hopeful of transformative reforms to be addressed in the announcements. By allocating resources and implementing favorable policies, the government has the potential to catalyze this sector, fostering job creation and stimulating economic activities.

Manipur have strengthened their demands for action from the Bharatiya Janata Party (BJP)-led government in the state, Hindustan Times reported. The ongoing clashes, which commenced on May 3 last year, have resulted in over 200 fatalities.

Nifty started the week on a positive note but witnessed selling at higher levels to end the week on a weak note. The Nifty50 closed at 21622 on 19th January with a loss of 272 points on a weekly basis. On the weekly chart, the index has formed a Bearish candle which engulfed its previous week's move, forming a «Bearish Engulfing» candlestick formation, indicating a bearish reversal. For confirmation of this formation, a break and close below the previous week's low are necessary, which could signal a change in the trend to the downside. The chart pattern suggests that if Nifty crosses and sustains above the 21700 level, it could witness buying, leading the index towards 21800-22000 levels.

Budget expectations: The union budget speech by the Hon. Minister of Finance in the previous year started off with emphasis on the economic empowerment of women. This was to be through developing the lakhs of SHGs in the country into viable income generating producer organisations and economically sustainable women enterprises. The budget also accorded renewed emphasis on enhancing the incomes of the largely small and marginal farmers of the country. Also Read: Nari-shakti may drive Bharat's moment in the world order These targets and priorities are in sync with the circumstance and needs of the stakeholder categories who constitute much of the Indian populace.

logistics industry has experienced a significant transformation as consumer demand for sustainability has grown stronger. The era of single-use plastics and excessive packaging waste gradually led to a new paradigm: sustainable packaging. Today, eco-conscious consumers increasingly seek brands that prioritise environmentally friendly practices, making sustainable packaging a crucial factor for business success. Eco-friendly is a catch-all term for all kinds of packaging that is – for one reason or another – considered better for the environment.

The rally in rail stocks seems to be far from over, with stocks like IRFC witnessing a 41% gain in the week. “Given the trend and momentum, the stocks in this space are experiencing increasing demand every single day. I believe this momentum might carry over in the short term, and dips would be bought into. So, consider dips to get into the stocks in the railway space,” says Rupak De, Senior Technical Analyst at LKP Securities. Edited excerpts: Following the buying seen on Friday, how does the Nifty chart look like for monthly expiry ahead? How strong is the support at around the 21,300 level? Rupak De: Following a carnage on Wednesday, the bulls made a strong comeback on the last day of the week, taking Nifty back above the 21EMA.

sustainable entrepreneurship, redefines success by incorporating positive societal and environmental contributions alongside financial gains. Sustainable entrepreneurship is about a practical approach that integrates eco-friendly and socially responsible practices into the very fabric of business models. It's about finding the perfect equilibrium where profitability and ethical responsibility not only coexist but enhance each other. This synergy benefits the company and contributes positively to the global community. At the heart of sustainable entrepreneurship lies a commitment to enduring impact.

Interim Budget 2024: From capital gains tax provisions to input tax credit, here's real estate industry's wish list The positive home-buying sentiment experienced in 2023 is expected to spill over into 2024. With urbanisation being the primary driver, the demand for real estate is anticipated to remain robust.

Walt Disney and Mahindra group officials have joined the Board of Directors of US India Strategic and Partnership Forum, which the organisation said is testimony to the success story of American companies in India and a growing presence of Indian conglomerates in the US. The two officials are Dorothy Attwood, senior vice president of Global Legal, Policy and Compliance for The Walt Disney Company, and Amarjyoti (Amar) Barua, Executive Vice President (EVP) of Group Strategy at the Mahindra Group to the Board of Directors, the US India Strategic and Partnership Forum (USISPF) said in an announcement. Attwood, in her current role, is responsible for the company's international legal and government affairs functions around the world, outside of the US, and leads strategic public policy initiatives as well as ESG and Sustainability globally across all business segments.

Banks are likely to make representations to the Reserve Bank of India (RBI) on sustained liquidity drainage that has pushed up funding costs for lenders despite unchanged policy rates for nearly a year. Liquidity has steadily declined with the central bank repeatedly stressing the primacy of maintaining price stability as Indian voters get ready to elect their next government this summer. «Banks and other participants in bond and interest rate markets will send a representation on the issues on Liquidity Coverage Ratio (LCR) buffers and high cost of funds to the RBI,» a source told ET. «This will be done next week, ahead of the policy statement on February 8,» the source said. LCR refers to a post-global financial crisis norm that requires banks to maintain high quality liquid assets (HQLA) to meet 30 days of net fund outflows under conditions of stress.

San Francisco Federal Reserve President Mary Daly gives her outlook on the U.S. economy and discusses the Fed's interest rate plan on 'Making Money.'

Gautam Adani summed up as he left Davos after participating in the annual World Economic Forum 2024. In a long LinkedIn post penning his experience during his stay in Davos and the interactions he had with global executives and thought leaders, Gautam Adani concluded that India's message and the actions it has taken resonate with the spirit of multilateralism and inclusiveness. The World Economic Forum's Annual Meeting took place in Davos from January 15-19, 2024. Union Ministers Hardeep Puri, Smriti Irani, and Ashwini Vaishnaw represented India in the Forum. At the 54th World Economic Forum Annual Meeting, global leaders met to rebuild trust, generate new ideas, and create partnerships to advance solutions to the challenges the world faces. «This was the Davos where my fellow countrymen in attendance would have left with their heads a little higher than usual.

Georgia Gov. Brian Kemp is telling world business leaders that the state must increase its supply of electricity produced without burning fossil fuels to meet industries’ demand for clean energy

ALSO READ: Tata Steel to close Port Talbot blast furnaces in UK; 3,000 jobs at stake: Reports The steelmaker will start a consultation process as part of the restructuring and would try to maximise voluntary redundancies. “The course we are putting forward is difficult, but we believe it is the right one," Tata Steel chief executive TV Narendran said.