Sustainability Financial News

Swastika Investmart. The Union Budget has always been one of the major trendsetters for the Indian market. Budget day is usually synonymous with market volatility.

₹3,105 per share by rolling forward RIL’s New Energy valuation to FY26E sales. It has a ‘Buy’ rating on the RIL shares. Reliance Industries has strategically invested in ten global technology innovators across New Energy verticals.

India Startup Outlook’ report from venture debt firm InnoVen Capital. Of the more than 100 startup founders who participated in the survey, 24% were open to hiring professional CEOs in the next 2-3 years, up from 20% in 2022.

green office spaces in India's major property markets is witnessing a rise, propelled by the joint efforts of occupiers, developers, landlords, and investors. This uptick reflects a shared commitment to lowering carbon emissions and endorsing sustainability initiatives. The share of green leasing has surged to 16% in 2022-2023 from 4% in 2018-19, indicating significant progress, showed a JLL-CRE Matrix study that has examined over 1,530 leases covering over 225 million sq ft between January 2018 and September 2023. The proportion of green leasing has quadrupled during the 2022-2023 period compared to the pre-COVID years of 2018-2019. This translates to a 132% increase in leased area, from 3.7 million sq ft to 8.6 million sq ft. This remarkable surge serves as a testament to the joint efforts of asset owners and occupiers to promote responsible leasing practices in the industry. However, widespread adoption is still a long way, and this can be attributed to the lack of industry-wide guidance, transparency, legal complexities, and split incentives. While the beginnings of change are already evident, India still has a long road to travel on the green lease continuum. “Sustainability has now firmly been incorporated into the board room agenda. Various strategies are being devised to reduce carbon emissions from the built environment, and green building certifications and green leases play a crucial role in this endeavor. The Indian market is making significant strides towards sustainability and the increase in green-certified office penetration from 39% in 2020 to 53% in 2023, is a clear indication of this progress,” said Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.

By Leika Kihara

Investing.com-- Most Asian currencies moved little on Thursday after clocking steep losses in the prior session, while the dollar fell slightly from a one-month high as strong U.S. retail sales data spurred more doubts over early rate cuts by the Federal Reserve.

QUITO (Reuters) — Ecuadorean prosecutor Cesar Suarez, who focused on pursuing organized trans-national crime in Guayas province, one of the country's most violent areas and the site of an on-air attack on a television station last week, has been killed, the attorney general said on Wednesday.

Investing.com-- Most Asian stocks kept to a tight range on Thursday as strong U.S. data further dented bets on early interest rate cuts by the Federal Reserve, while a rout in Chinese shares worsened in the wake of disappointing GDP readings.

Investing.com-- Oil prices rose slightly in Asian trade on Thursday as severe cold weather appeared to have spurred some disruptions in U.S. production, while military action in the Middle East raged on.

Zomato on Wednesday announced goals for 2030, to protect and ensure, "sustainable growth of the platform economy and all its stakeholders". The food aggregator's sustainability goals have been crafted around eight themes, such as ‘climate-conscious deliveries’, a ''waste-free world', ‘zero hunger’, ‘customer centricity’, ‘governance’, ‘inclusive growth’, ‘health, safety’, and ‘diversity and equity’. Zomato has pledged to facilitate 100% deliveries through EVs.

Ruchira Kamboj said that she is honoured to share India's development journey at the United Nations Development Programme high-level policy dialogue for the Asia-Pacific. She stated that India is committed to fostering development for all with the support of all. Kamboj noted that India is on track to surpass the Sustainable Development Goals (SDG) target 1.2 before 2030.

Ukraine has won praise for stabilizing its economy under dire circumstances

The Interior Department is updating and expanding an Obama-era plan to promote solar power on public lands in the West

The recent release of the Periodic Labour Force Survey (PLFS) for 2022-23 has generated a considerable measure of interest and commentary, some of which has appeared in this newspaper. Reading these reveals that improvements in data can only be useful if they are accompanied by a better understanding of statistics. To paraphrase an exchange from an old British sitcom, with statistics you can prove anything, even the truth.

Global Renewable Capacity: The world added a record renewable energy capacity in 2023 reaching around 507 GW. While this is a robust increase of nearly 50% over 2022, we need to triple global renewable capacity to tame the energy demand beast. Over the next five years, solar and wind power additions are projected to more than double with an addition of almost 430GW by 2028.

Interim Budget presentation in Lok Sabha on February 1, the Reserve Bank of India's Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday suggested that the government can contemplate imposing income tax on rich farmers to bring about fairness in the country's taxation structure, news agency PTI reported. "Government transfer payments to farmers are like a negative income tax. Along with that, a positive income tax can be applied for rich farmers as part of a movement to a data-rich system with low tax rates and minimum exemptions," PTI quoted Goyal as saying.

global economy is on everyone’s mind. In 2023, global growth was quite resilient and inflation also toned down. Several countries such as the US and China did relatively well in the second half of 2023.

Shares of Rivian Automotive (NASDAQ:RIVN) were down by more than 3.5% in pre-market trading Wednesday morning after Deutsche Bank downgraded the automaker to a Hold rating (From Buy) and cutting their 12-month price target to $19.00 (From $29.00).

Asian Paints Ltd consolidated net profit jumped 35% on year to ₹1,447.7 crore in the December quarter helped by a double-growth in volumes and as operating profit got a boost from lower raw material costs. The country’s largest paint-maker’s volume growth of 12% was largely in line with market expectations, while the bottomline was marginally ahead of Street estimates. Consolidated sales, meanwhile, rose by a little over 5% to ₹9,074.9 crore. The company has guided for its volume momentum and the softness in raw material prices sustaining in the current quarter.

World Economic Forum. ALSO READ: PM Modi says India-US ties 'mature and stable' amid Khalistani separatist's murder plot claims Blinken said the policies and programmes of Prime Minister Narendra Modi have been very beneficial to the people of India. According to PTI, the US official was replying to a question on whether the rise of Hindu nationalism concerns India despite the country's robust economic growth and infrastructure building under the Modi regime.

Ark Investment Management’s best-performing ESG fund of 2023 had made a bold bet on cryptocurrencies.