Sustainability Financial News

Narendra Modi will visit Gujarat from January 8-10 during which he will hold bilateral meetings with world leaders, CEOs of top global corporations, and inaugurate the Vibrant Gujarat Global Summit. Vibrant Gujarat Global Summit, conceptualised in 2003 under the visionary leadership of the then chief minister Modi, has today evolved as one of the most reputed global forums for business collaboration, knowledge sharing and strategic partnerships for inclusive growth and sustainable development, a statement issued by the Prime Minister's Office (PMO) said. On January 9, at around 9.30 am, Prime Minister Modi will arrive at Mahatma Mandir in Gandhinagar, where he will hold bilateral meetings with world leaders, followed by a meeting with CEOs of top global corporations. At around 3 pm, he will inaugurate Vibrant Gujarat Global Trade Show, the PMO said. On January 10, at around 9.45 am, Prime Minister Modi will inaugurate Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar. Thereafter, he will hold a meeting with CEOs of top global corporations. The Prime Minister will then travel to GIFT City where, at around 5.15 pm, he will interact with prominent business leaders in the Global FinTech Leadership Forum. The Tenth edition of Vibrant Gujarat Global Summit is being held from January 10 to 12, 2024 in Gandhinagar, Gujarat. Its theme is 'Gateway to the Future'.

Bengaluru, there's a discussion about extending the Namma Metro rail network to suburban areas, and not everyone is excited about it. Many people are asking, «Why go outside the city when the main parts are still not connected?» The deputy chief minister, DK Shivakumar, recently talked to Union Finance Minister Nirmala Sitharaman to get permission for this extension. The plan is to reach places like Bidadi, Hoskote, Harohalli, and Nelamangala. However, some are not happy with this idea.

India's economy is expected to grow 7.3 per cent in the current fiscal year ending in March, the highest rate of the major global economies, helped by state spending and a pickup in manufacturing, the National Statistics Office said on Friday. Siddhartha Sanyal, Chief Economist, Bandhan Bank, DK Joshi, Chief Economist, CRISIL and Indranil Pan, Chief Economist, Yes Bank, in conversation with ET Now How do you see these numbers and what do these really numbers project for the Indian economy going into 2024? Siddhartha Sanyal: In the first half of the financial year, we had seen that GDP growth for India had been around 7.6%. This particular number was known for a while. Now, at the same time, till very recently we were expecting that still the full year number will be in the vicinity of 6.5%, that means talking about a significantly lower number for the second half of the financial year, but now the 7.3% with quite a lot of data points already available in hand for the first nine odd months, government clearly is much more confident about the second half growth.

Tennessee Attorney General Jonathan Skrmetti details his lawsuit against Blackrock on ‘Varney & Co.’

₹2,300 crore. Singapore and its companies will strengthen economic cooperation with the state of Gujarat. This will be through expanded investments in Gujarat's green economy and sustainability sector.

The decentralized finance sector faced a significant setback when KyberSwap, a DeFi protocol, suffered a devastating hack in November 2023. The aftermath of this security breach has led to far-reaching consequences, including a drastic reduction in the platform's workforce and efforts to support affected users.

Read more Billionaire Mukesh Ambani's Reliance Industries (RELI.NS) and Walt Disney (DIS.N) have engaged law firms and initiated antitrust due diligence for their proposed merger in the Indian media and entertainment sector, according to four individuals with knowledge of the situation. Read more Aided by sustained investment growth and robust output in manufacturing, construction and certain services, India’s economy may grow at 7.3% in FY24, the government’s first advance estimates showed, higher than the central bank’s upwardly revised estimate of 7%. Read more The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P, rose to 59 in December, up from 56.9 in the month prior.

Bengal: ED officials attacked by mob while conducting raid at TMC leader's house Two officials of the agency sustained injuries in the incident, the agency added. The attack on the ED team drew outrage from the BJP, which gunned for the ruling TMC over the 'collapse' of law and order under the leadership of Chief Minister Mamata Banerjee.

Gold rate today: In the first week of the new year 2024, spot gold price remained at $2,010 to $2,080 per ounce whereas on Multi Commodity Exchange (MCX), the precious yellow metal traded in ₹62,250 to ₹63,500 per 10 gm range. The gold futures contract for February 2024 expiry on MCX finished at ₹62,579 per 10 gm level, around ₹1,500 away from its lifetime high of ₹64,064 per 10 gm.

₹171.79 trillion against the provisional estimate of ₹160.06 trillion for FY23 released in May last year. The ministry estimates nominal GDP growth of 8.9% in FY24, lower than the 10.5% estimated in the union budget for this year. However, some economists expect India’s full-year economic growth to range closer to the RBI’s forecast of 7%, as government expenditure, which was high during the first eight months of the ongoing fiscal, is expected to slow down in the last quarter.

Gyeongseong Creature Part 2 final three episodes thrust the main characters into a life-threatening situation, with Chae-ok and Tae-sang endeavoring to eradicate the sinister influence of Onseong Hospital once and for all. In the initial segment of this K-drama, viewers were left on the edge of their seats with a cliffhanger concerning Tae-sang's uncertain fate after sustaining injuries. Despite the escape of the hospital's victims, the challenges persist. As Part 2 unfolds, the aftermath is palpable, and Tae-sang unravels the truth behind the clandestine force steering the entire operation.

means this food can also be grown in space, it added. "Now, researchers reporting in ACS Food Science and Technology have designed the optimal 'space meal': a tasty vegetarian salad. They chose fresh ingredients that meet male astronauts’ specialised nutritional needs and can be grown in space," the statement read.

MobiKwik IPO: 7 crucial things to know from DRHP Nevertheless, India faces substantial risks in the form of prolonged elevated commodity or oil prices and unfavorable election results. On a global scale, the potential scenarios of either a scenario with no economic downturn (characterized by robust growth, persistent inflation, and higher yields) or a hard landing (marked by sharp declines in growth, inflation, and yields) may lead to increased risk premiums and diminished valuations.

On December 25, 2023, the Bitcoin network achieved a significant milestone. The mining hash rate, a measure of the network's computing power, soared to an all-time high of 544 exahashes per second (EH/s). This landmark event confirmed by Blockchain.com marks a remarkable increase of 130% since January 2023, when the hash rate was at 253 EH/s​​​​​​.

Mizoram chief minister Lalduhoma said that Mizoram is keen to offer eco-friendly and sustainable tourism that respects the fragile ecology of the State and its meagre population but not interested in mass tourism. Merchants' Chamber of Commerce & Industry (MCCI) organised a Felicitation & Interactive Session of the new Mizoram chief minister in Kolkata. He said, “Mizoram is keen to offer eco-friendly and sustainable tourism that respects the fragile ecology of the State and its meagre population but is not interested in mass tourism”. He said that Mizoram is the second largest producer of bamboo in Northeastern India and second largest producer of strawberries in India. It is a gold mine for researchers seeking out medicinal and aromatic plants.

The Indian economy grew 7.7% in the year's first half, prompting economists to revise their growth forecast upward, but the first advance estimates based on first eight months data, point to an even higher growth. The Reserve Bank of India had pegged growth at 7%, whereas the ET poll median suggested 6.7% growth. The government estimates highlight the economy may grow 6.9% in the year's second half, spurred by higher investment and manufacturing. “India’s GDP growth for FY24 as per FAE at 7.3% has come as a positive surprise. The stellar growth has been led by the manufacturing sector and construction sector, while there has been some moderation in the services sector growth,” said Rajani Sinha, chief economist, CareEdge. Investment rate, measured as gross fixed capital formation as a proportion of nominal GDP, is expected to rise to a nine-year high of 29.8% in FY24, compared with 29.2% in the previous year. Economists noted that the 10.3 % growth in gross fixed capital formation, a proxy for investment, in FY24 reflects the sustained focus of the government on capex. “This is more heartening because it has come on high base of FY23, whereby GFCF had grown 11.4% yoy,” said Sunil Kumar Sinha, principal economist and Paras Jasrai, senior analyst, India Ratings & Research.

Transporters' unions of Assam, whose strike against the new penal law on hit-and-run cases brought commercial vehicle services to a standstill on Friday, decided to call off their agitation, an official said. The strike will be withdrawn at 5 am on Saturday, he said. The decision to call off the 48-hour strike was taken following discussions with the state government.

establish a correct understanding and cooperation between the two sides is «no longer an option but an imperative» for the world. Cooperation is the «most correct choice for China and the United States to get along», Wang said in a keynote speech at an event to mark the 45th anniversary of the establishment of diplomatic relations between China and the U.S.

Karnataka Bank and Satin Creditcare Network have entered a co-lending arrangement to provide financial support to joint liability groups (JLG) of economically active women, in both rural and semi-urban areas, and to give impetus to the micro credit facilities segment of the country. The arrangement will leverage Karnataka Bank’s low cost of funds and end-to-end digital capabilities and Satin through Yubi platform for co-lending to help the sourcing, servicing and recovery of small-ticket income generation priority sector loans, a statement from Karnataka Bank said. Karnataka Bank MD & CEO Srikrishnan H said: “Karnataka Bank is delighted to enter into this strategic co-lending arrangement with Satin through the platform of Yubi, our Fintech partner. This is part of our stated strategy to collaborate and grow our Advances book in alliance with Fintech partners and controlling the in-flow with the Bank’s credit standards.

central public sector enterprises (CPSEs) are likely to cross ₹50,000 crore during the current fiscal for the third year in a row. It has already exceeded the Budget Estimate (BE) during the current fiscal year, reported Business Line. However, disinvestment proceeds from CPSEs are likely to remain below the Budget Estimate.

Investing.com-- Gold prices moved little in Asian trade on Friday after sinking below key levels this week following a sharp rebound in the dollar, with focus now squarely on key U.S. labor market data for more cues on interest rate cuts in 2024.