Sustainability Financial News

AU Small Finance Bank and Fincare, which Camotra believes is a healthy sign for the industry. Speaking about Unity Small Finance Bank’s tie-up with a fintech firm, Camotra said, “It’s the best thing for India to have its banking and fintech integrated.

Securities and Exchange Commission (SEC) Chair Gary Gensler maintains a cautious stance on crypto despite the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the agency he leads.

international students. As we anticipate the trends shaping the landscape in 2024, it is increasingly clear that India's impact on the international student demographic is particularly profound in Australia, Canada, the UK, and the United States. Australia, for instance, has identified India as its second-largest market for international students, with China still holding the dominant position.

Also Read-Jefferies says weakness likely to continue in specialty chemicals; check its ratings on SRF, PI Industries and more Analysts remain positive on the expected rise in Average revenues per operating bed (ARPOB). Analysts at Nomura Research have recently increased our ARPOB CAGR (compound annual growth rate) assumption over FY25-30 from 4% to 5.8%, factoring in the expectation of sustained improvement in case mix and payor mix along with price hikes. Also, the newer brownfield capacity is expected to come up over next 4 years in facilities with relatively high ARPOBs (15% higher than the company average on a blended basis, in our view) which should support the ARPOB improvement, they said Fortis Hospital should see improvement in its earnings before interest tax depreciation and amortisation (Ebitda) and margins also because of these reasons.

Jaguar Land Rover on Thursday reported record sales at 3,582 units for nine months ended December 31, 2023. The company said its sales rose 93 per cent year-on-year as compared to the April-December period of the last fiscal. Range Rover and Defender continue to lead with a year-on-year (YoY) rise of 250 per cent, contributing to over 75 per cent of the current order book, the automaker said. In the October-December quarter, the company reported a 74 per cent YoY growth, achieving retail sales of 1,226 units, it added. The newly launched Range Rover Velar witnessed a YoY sales growth of 183 per cent in the quarter, JLR said. «Over the past nine months, JLR's progress in India has been characterised by consistent and substantial growth. Each quarter has shown an impressive year-on-year surge of nearly 100 per cent,» JLR India Managing Director Rajan Amba said. The burgeoning order bank and continuous order intake signal a robust demand, underscoring promising future prospects, he added. "...the eagerly awaited Range Rover BEV has generated significant interest among clients across the country, and with our upcoming launches this quarter, we are poised to sustain our remarkable growth trajectory in India," Amba said. The company's order book at the end of the third quarter remained strong with a YoY growth of 92 per cent, it stated. The current total order book covers more than eight months of sales and is seeing a consistent increase month-on-month, it added.

Ajmera Realty & Infra India Ltd has recorded sales worth Rs 253 crore during the quarter ended December, up 98% from a year ago. The company’s collections for the quarter grew 30% on-year to Rs 151 crore. The developer sold 1,03,573 sq ft space in the December quarter, up 63% from a year ago.

Covid pandemic and this has helped the Indian economy to be the bright spot amid global economic meltdown, Reserve Bank of India Governor Shaktikanta Das said. «The remarkable turnaround in the Indian banking system has been a cornerstone of India’s success story in the recent years. Today, the Indian banking system is well-placed to support India’s growth story in the years ahead,» Das said Thursday at Mint BFSI summit in Mumbai. He said that the trust on the banking and financial system that is built over a period of time through sustained efforts needs to be preserved. «The Reserve Bank has committed itself to safeguard the trust factor of the Indian financial system.

₹400 crore in Mahindra Last Mile Mobility Ltd (MLMML), a subsidiary of Mahindra & Mahindra (M&M), valuing the company at ₹ 6,600 crore. The deal marks the Fund's first investment since it was set up in August last year, resulting in a projected 6-8% stake in MLMML.

The New York Post. Before the flight took off for Dubai, the passenger “boarded the Boeing 747 normally" but he did not take his seat. He jumped off and fell 20 feet to the tarmac.

Lakshadweep, a tropical archipelago located 406km west of Kochi in Kerala, has gained attention in recent times. The Prime Minister of India, Narendra Modi's visit and a viral snorkelling picture sparked interest in this unexplored destination. Lakshadweep, consisting of 36 atolls and coral reefs, has become a popular choice for many celebrities. Out of the 36 islands, 10 are inhabited and open for tourism.

SIDBI ET MSME Conclave is scheduled to be held in Bhubaneswar on January 12. The conclave is a series of events being held nationwide to empower MSMEs. It kick-started with a successful session in Indore on January 9.

As investors await these results this week, a gauge of Indian tech shares has fallen for three straight weeks after rallying for the most part in 2023. The broader benchmark NSE Nifty 50 Index was also in the red so far this year after gaining 20% in 2023.

UAE-India Business Summit, held under the theme of “Two Nations, One Vision”, took place on the side-lines of the Vibrant Gujarat Global Summit 2024. The event marked an important milestone in the UAE-India economic partnership, with the unveiling of a range of new initiatives aimed at further bolstering the strategic bilateral partnership. Among the key outcomes of the Summit, the ceremonial launch of the UAE-India CEPA Council (UICC) took place in the presence of Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, and Piyush Goyal, the Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles. Among its objectives, the UICC will encourage close partnerships and tangible cooperation across all levels of the UAE and Indian business communities, with a strong emphasis on critical industries such as start-ups, women entrepreneurs, micro, small, and medium-sized enterprises (MSMEs), and the services sectors.

FreedomWorks chief economist Steve Moore joins The Bottom Line to weigh in on the Biden White house blaming the GOP for 90% of the national debt increase.

CES 2024 has kicked off in Las Vegas

Large and mid-cap equity mutual funds: This category of mutual funds provides sustainable growth with moderate risk. It invests in large-cap companies, well-established and ranked from 1-100th among the top listed companies. Additionally, it includes mid-sized companies with rankings from 101-250th among listed companies, offering expansion potential.

greenhouse gases declined by nearly 2% in the United States in 2023, even as the economy expanded at a faster clip, a new report finds. The decline, while «a step in the right direction,'' is far below the rate needed to meet President Joe Biden's Rhodium Group, an independent research firm.

Yves Leterme said on Wednesday that the European Union is focusing on Free Trade Agreement with India in coming days and emphasized on inclusiveness in education and said that challenges of illiteracy should be addressed. Merchant Chamber of Commerce & Industries (MCCI) in association with Woxsen University in Hyderabad organised a National Round Table on “Glocalization in Education for the Future Businesses” on Wednesday in Kolkata. Former Prime Minister of Belgium Yves Leterme was the Chief Guest of the session. Leterme said that “glocalization is an approach that recognizes the interconnectedness of global and local contexts and seeks to create a more inclusive and culturally sustainable society.” MCCI President Namit Bajoria, in his welcome address, emphasized that in today's fast-paced and interconnected world, “the concept of glocalization has become increasingly relevant for shaping the education systems that would prepare future business leaders”. Bajoria noted that the adoption of global standards and benchmarks in local context and incorporating local perspectives into global frameworks is becoming increasingly important. Chahat Mishra emphasized on the need of establishing diplomatic relations by educational institutes.

Union Budget 2024: With India’s ambitious clean energy targets reaching a fever pitch, all eyes of the renewable energy sector are set on the upcoming Union Budget 2024. Seen as a pivotal instrument in propelling the nation’s green agenda, the Budget holds the key to unlocking investments, streamlining policies, and accelerating the transition towards sustainable practices.

HIBOX Company, a distinguished player in e-commerce specializing in handpicked mystery box offerings, has announced plans for a substantial $50 million funding round. This strategic move aims to advance their innovative product range and broaden their market footprint. Known for their unwavering commitment to innovation and immersive online shopping experiences, HIBOX has been a leader in the mystery box e-commerce sector since its inception.

Evify, an electric vehicle logistics firm, said it has raised $1.3 million in funding in a pre-series A round led by venture capital firms GVFL and Piper Serica Angel Fund. Existing investors We Founder Circle and IVY Growth, along with a few angel investors, also participated in the round. Founded in 2021 by logistics expert Devrishi Arora and cleantech specialist Pragya Mittal, the company is focused on electric vehicle-based logistics to transition India's direct to consumer FMCG and ecommerce last-mile delivery to electric vehicles. The firm will use the fresh funds to expand its operations across Gujarat and product innovation. The aim is to grow the existing fleet from 400 to 4,000 electric bikes by March 2025. Currently, it is operational in Surat and Ahmedabad.