Sustainability Financial News

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In recent weeks, Apple (NASDAQ:AAPL) stock has faced challenges, which has yielded a 2% year-to-date underperformance compared to the S&P500's 0.2% decline. Concerns surrounding China demand, watch bans, and regulatory risks have contributed to this dip.

₹2,038 crore, compared to ₹2,157 crore in the year-ago period. For the nine months ended December 31, 2023, the firm's revenue declined 7 percent at ₹7,310 crore, compared to ₹7,866 crore in the year-ago period, the firm said in a regulatory filing.

India for the year 2023, reaching $66 billion, marking a decrease of over 50 percent, a recent report from consultancy firm Grant Thornton Bharat found. Released on January 19, the report found a decline of over 20 percent in deal volume, with 1,641 deals compared to the previous year. Shanthi Vijetha, a partner at Grant Thornton Bharat, pointed out several factors contributing to this.

Wealthtech platform Share.Market aims to give a new dimension to discount broking in India by offering quantitative research and market intelligence that can facilitate sustained wealth creation for both retail investors and traders. “As we look to scale, we would endeavor to further strengthen our product to help retail and mass affluent investors in investment decision-making and inculcating investment discipline that is necessary for long-term wealth creation,” says Ujjwal Jain, CEO of Share.Market. The wealthtech platform plans to go live with futures & options trading by the end of March, and will look at adding more products to its portfolio in the near future. Edited excerpts from an interview with ETMarkets: How was 2023 for your wealthtech platform, a year that was highly rewarding for equity market investors? Ujjwal Jain: In 2023, our wealth platform experienced significant success, marked by our foray into stock broking with the launch of Share.Market in late August 2023, thereby rounding out our wealth offerings.

IndoSpace, India’s leading developer and owner of Grade A industrial real estate, has entered into a pact with the government of Maharashtra at the World Economic Forum in Davos to invest additional over Rs 700 crore in the state. The company plans to expand its footprint by acquiring around 100 acres in the Chakan-Talegaon region. This move is expected to create new job opportunities and boost the region's economic growth, IndoSpace said in a release. “IndoSpace's strategic approach to enhancing Maharashtra’s industrial and logistics infrastructure has strengthened further with the signing of this MoU with the Maharashtra government. This collaboration will propel IndoSpace's expansion in the Chakan-Talegaon region, creating sustainable and efficient industrial spaces that will drive India's economic growth,” said Rajesh Jaggi, Vice Chairman — Real Estate, Everstone Group. IndoSpace currently manages over 500 acres across nine international-standard industrial and logistics parks in the Chakan area.

Kotak Mahindra Bank is expected to report a double-digit growth in net profit for the quarter ended December, led by strong interest income, healthy loan growth, lower credit costs, and stable asset quality. The private sector lender’s net profit for the quarter is seen rising 15.3% year-on-year (YoY) to Rs 3,219 crore, and net interest income is likely to grow by nearly 14% YoY to Rs 6,416 crore, the average of estimates given by 12 brokerage firms showed. Sequentially, the growth is likely to have slowed down sharply, with net profit seen rising 0.9% and net interest income about 2%. The lender is scheduled to release its quarterly earnings on Saturday. Here’s summarising analysts’ expectations on the third quarter earnings scorecard front: Nuvama Institutional Equities Given the low base of unsecured loans for Kotak and lower than peers’ CD ratio, we estimate the bank to continue with its strong growth in Q3 FY24. We expect 6% QoQ/19% YoY growth in loans and 4% QoQ/21% YoY growth in deposits. However, Kotak’s deposit franchise is weaker than the top three private banks. As such, the risk of slower-than-expected deposit growth, in turn, leading to slower loan growth is high for this quarter given soft business updates from other banks. Management had pointed to a negative one-off of 14-15 bps in NIM in Q2FY24. We anticipate NII growth of 2% QoQ.

By Leika Kihara

Investing.com-- Oil prices moved little in Asian trade on Friday, but were set for some gains this week as optimistic demand forecasts and output disruptions in the U.S. helped offset fears of slowing economic growth and high interest rates.

(Reuters) — The New York Stock Exchange (NYSE) has withdrawn from the Securities and Exchange Commission a proposal to create a new tradeable asset class called «natural asset companies», or NACs, the commission said on Wednesday.

Lawmakers in the United States and the United Kingdom are urging the Securities and Exchange Commission not to allow JBS, the world’s largest meatpacking company, to be listed on the New York Stock Exchange

Citi analysts said in a note Thursday that they now expect the Fed's first cut to occur in June, one month earlier than before.

Sustainable energy use for Bitcoin (BTC) mining reached an all-time high of 54.5% in 2023, a 3.6% increase throughout the calendar year.

MUMBAI : India should look to grow by at least 7% in 2024-25, sustaining the better-than-anticipated growth in the ongoing financial year, say the authors of an article in the Reserve Bank of India's January bulletin. On 17 January, RBI governor Shaktikanta Das said he expected India's gross domestic product (GDP) growth to touch 7% in FY25.

Davos, where the 54th annual World Economic Forum meeting is taking place. The forum has consistently served as a global stage for leaders from diverse fields, addressing pressing challenges and exploring innovative solutions for a better future together. As we reconvene this year, with the fragile geopolitical situation globally, there is a renewed sense of urgency and shared responsibility powered by the energy and enthusiasm generated by the convergence of over 3000 global leaders.

As the real estate sector continues to witness unprecedented growth and innovation, the niche of Senior Living is emerging as a vital and undetectable sub-asset, catering to the unique needs of an ageing population. The ageing demographic is a global phenomenon, and with longer life expectancies, there is an increasing demand for housing and facilities tailored to the needs of seniors. This surge in demand has given rise to a new dimension within the real estate market, where developers and investors are recognizing the potential and long-term sustainability of Senior Living projects.

India strives to balance its substantial housing shortfall amid rapid urbanization with sustainable development. While real estate exhibits vigorous promise, experts emphasize tailored planning across affordable green projects, infrastructure upgrades, and ownership boosts.

With strong expectations and speculations circulating, particularly concerning tax rebates and home loan interest rates, stakeholders are keenly assessing the potential impact on homebuyers and the broader real estate market.

To encourage greater gender equality and diversity in real estate, industry policies should promote inclusivity and equal opportunities. Efforts should focus on creating a supportive environment for women to thrive in the field. Initiatives such as mentorship programs, networking events, and educational outreach can contribute to breaking down gender barriers, says Amrita Gupta, Director of the Manglam Group and Founder President of CREDAI Rajasthan Women’s Wing.

LONDON (Reuters) — The International Monetary Fund faces tough choices on how to deal with Pakistan after the February election and how to assess the country's debt situation, a former central bank governor of the South Asian nation said.

₹19 month-month (m-o-m) to ₹359 a bag, said an analyst from Nomura Financial Advisory and Securities (India) after interacting with dealers recently. This means healthy prices seen in October and November have failed to sustain as weak demand conditions have led to partial rollbacks. Unseasonal rainfall in Tamil Nadu caused by cyclone Michaung in December end, delayed infrastructure spending by state governments in key markets of Kerala, Telangana and Karnataka and labour unavailability have weighed on the region’s demand growth and consequently, prices.