Sustainability Financial News

QatarEnergy LNG for its North Field Production Sustainability Offshore Compression Project. The order is estimated at around $4 billion (about ₹34,000) crore), according to people familiar with the matter, It surpasses the ₹25,000 crore order won last year by the Railway Strategic Business Group of L&T Construction from an authorised Japanese agency to construct 508 route km of high-speed electrification system works for the Mumbai-Ahmedabad High-Speed Rail Bullet Train Project. The infrastructure firm, in its statement, referred to the project awarded to its offshore hydrocarbon business as an «ultra-mega» project, a term it uses for projects above ₹15,000 crore, without mentioning the order value. Doha-based QatarEnergy is a state-owned petroleum company and one of the largest gas companies in the world.

Zypp Electric has reduced its workforce by around 10% over the past two months as it works toward profitability ahead of a potential public listing. In January, the company had around 1,300 employees, which has now come down to around 1,180-1,190, according to a statement from the company. “Basically, this was not a layoff. We conducted an appraisal exercise in February, during which we looked at some rationalisation of non-performers to drive efficiency. This is part of a sustainable, profitable growth plan. As you build a business, you keep looking at its structure, and wherever some rationalisation is needed to enhance profitability and growth, you make those adjustments. That is what we continue to do,” he said.

Bill Gates, those fears might not be entirely unfounded. Gates has warned that AI will render many jobs obsolete in the coming years, automating roles across multiple industries. But amid the uncertainty, he has identified three professions that will likely survive the AI revolution—at least for now.

Subscribe to enjoy similar stories. After the Adani Group’s entry into the cement sector in 2022, the industry has been undergoing a phase of consolidation. Big cement companies want to get bigger amid the intense battle for market share gains.

Punjab Finance Minister Harpal Singh Cheema presented the state’s FY26 budget on Wednesday, pegged at Rs 2.36 lakh crore with measures to address critical issues like drug abuse, defence, and agriculture. One of the standout proposals is the first-ever «drug census» in Punjab in an effort to gauge the scale of drug usage across the state and evaluating the effectiveness of de-addiction centres. The budget also focuses on providing universal healthcare coverage, improving border security, and addressing environmental concerns such as stubble burning.

Subscribe to enjoy similar stories. Tea producer and café owner Vahdam Teas Pvt Ltd has raised ₹25 crore ($3 million) from Sidbi Venture Capital Ltd to shore up its cash reserves and boost global expansion. The company is focusing on product innovation and manufacturing expansion, founder and chief executive Bala Sarda told Mint.

Subscribe to enjoy similar stories. MUMBAI : Bootstrapped upskilling firm Intellipaat Software Solutions Pvt. Ltd has appointed consultancy major EY to advise on its fundraising plans as it targets a revenue of ₹700-800 crore over the next two years, a top executive of the firm told Mint.

The NSE Nifty advanced 0.04%, or 10.30 points, to finish at 23,668. The BSE Sensex moved 0.04%, or 32.81 points, higher at 78,017. Both indices have gained 5.15% in the previous seven trading sessions.

Gnanamma Healthcare Centre announced its transition to becoming a near net-zero electricity health facility. This milestone has been achieved through the recent installation of a 6.05kW solar power plant with battery energy storage, which now meets up to 100% of the facilities' electricity needs. The green facility was launched in the presence of Dr Mehriba K. Sohliya, District Medical, Health Officer, West Khasi Hills, hospital administration and WRI India. With technical support from WRI India, the facility has installed a solar power plant, battery storage, and energy-efficient appliances, including indoor lights, ceiling fans, flood lights, water purifier, water heater, and an autoclave. This transformation ensures that Gnanamma Healthcare Centre operates almost entirely on renewable energy, setting a precedent for sustainable healthcare in the region.

Now in their 19th year, these awards are intended to honour asset managers, research & ratings teams, wealth managers, fund selectors, service providers, consultancies and individuals who have a key part to play in the evolution of sustainable investing.  At a time of regulatory upheaval and greater scrutiny than ever before on sustainable investing, these awards have an important part to play in identifying leaders and best practice in this rapidly evolving area. Entries will close on 9 May and the shortlist will be announced in late June. We will celebrate the winners of the Sustain...

This increase acknowledges existing central social protection schemes that had not been considered earlier. India has made significant strides in enhancing its social protection coverage through a comprehensive data-pooling exercise led by the Ministry in collaboration with ILO. By utilising encrypted Aadhaar as a unique identifier across 34 major central schemes, such as MGNREGA, EPFO, ESIC, APY, and PM-POSHAN, over 200 crore records were processed to identify unique beneficiaries. According to the release, this exercise revealed that 65% of India's population (92 crore people) is covered by at least one social protection benefit (cash and in-kind both), with 48.8% receiving cash benefits.

challenges faced by women in security forces. Raising the issue during the Zero Hour in the Rajya Sabha, the NCP-SCP member recalled that after the tragic stampede at the New Delhi railway station on February 15, a photo went viral, showing a woman RPF constable patrolling the station with her one-year-old child strapped to her chest. «While glorified by the RPF as a symbol of Nari Shakti, I believe that the photo actually highlights the systemic challenges faced by women personnel in insecurity forces and the failure of the system to provide basic support to working mothers,» she said. Highlighting that women in security forces already face significant challenges, Khan said the nature of security work directly clashes with the consistent care that young children need. «What is needed is toilets, creches, baby care or breastfeeding rooms everywhere so that women can effectively manage both their professional and maternal responsibilities,» she said. The leader also pointed out that the government's goal of increasing female representation in security forces, which currently stands at a mere 4.4 per cent in central armed police forces, must be supported by sustainable policies.

«I feel that overall trend is quite bullish. Yesterday we saw that Nifty took out the resistance of 100 and 200 days’ exponential moving average which was placed at 23,400. Now it is expected that the previous resistance will act as a support now. So, 23,400 is a strong base for the market. In case of correction, I believe that Nifty should find support there and bounce back again,» says Vinay Rajani, HDFC Securities. What is the outlook for the markets because till yesterday we had seen six consecutive days of gains. Do you believe that that is all that was there to this up-cycle rally that we have seen or do you believe that the bears are going to once again take charge and that was the end of the rally and now we are once again looking to continue the kind of correction that we were seeing until two weeks ago. Vinay Rajani: So, I do not expect this market to reverse on the downside. There could be a minor profit booking or running correction. But the way it has surpassed the resistances, the way it has behaved in this recent rally, we have seen almost 8% rise, 1900 points rise in the Nifty while Bank Nifty has risen more than 9% and Smallcap Index has risen more than 15%. So, this has been fairly strong rally after a long time. As Ansh mentioned that the RSI of the Nifty reached to 71, that has happened for the first time after September 2024 when Nifty was at all-time high.

Singapore on Tuesday signed a Letter of Intent (LoI) for Green and Digital Shipping Corridor (GDSC), with a focus on digitalisation and decarbonisation. The Singapore-India GDSC, when established, will enhance collaboration from both countries and help accelerate the development and uptake of zero or near-zero GHG emission technologies and the adoption of digital solutions, a joint release from Maritime and Port Authority of Singapore and Ministry of Ports, Shipping said. The minister of Ports, Shipping and Waterways Sarbananda Sonowal said his visit to Singapore with a high-level marine sector delegation will strengthen the long-standing relationship. Moreover, the «Comprehensive Strategic Partnership» will deepen and broaden cooperation between the two countries, he noted.

Louis DeJoy, who led efforts to restructure the money-losing U.S. Postal Service for nearly five years, has resigned effective immediately, the agency said on Monday. DeJoy, a former logistics executive and major Republican political donor who took over in 2020, had clashed with lawmakers over reforms at the agency that has lost more than $100 billion since 2007.

Emma Raducanu had nothing but kind words for her opponent McCartney Kessler after the American tennis star was forced to retire from the Miami Open. Kessler stepped back from the game after she sustained an injury in the second set. Kessler’s decision meant that Emma made it through to the tournament’s round of 16. The British tennis player will compete against world No. 6 Amanda Anisimova on Monday, March 24.

female labour force participation in India is expected to submit its report this week, laying out a blueprint for the government and the private sector to hire more women. The roadmap will have multi-dimensional recommendations focussing on targeted interventions to incentivise hiring of women, enable creation of adequate support infrastructure, enhance flexible work policies and put greater emphasis on skilling of women to prepare them for high-skill jobs, a senior government official told ET. The government intends to enhance female labour force participation in the country to 70% by 2047 as against 41.7% in 2023-24. «Achieving the 70% workforce participation target by 2047 will require sustained efforts across multiple dimensions, such as strengthening childcare support, enhancing flexible work policies… and encouraging private sector diversity hiring through policy nudges,» the official said.

Sunil Gupta, Co-Founder, Managing Director & CEO, Yotta Data Services

“This concentration suggests that these states have favourable conditions for biotech innovation, such as robust infrastructure, access to funding and a skilled talent pool,” said the India Bioeconomy report published by the Association of Biotechnology Led Enterprises. The bio-industrial segment, followed by biopharma, remained the top contributor to India's bioeconomy, which reached $165.7 billion in 2024. Over the last decade, the sector has seen 16-fold growth.

Subscribe to enjoy similar stories. Dear reader, Last week, I wrote that the average retail trader appeared exhausted. I also advocated that the end of March was likely to be dominated by institutional players.

Subscribe to enjoy similar stories. 1. Apollo Micro Systems Ltd - Current market price: ₹125.18 | Buy range: ₹123–126 | Profit goal: ₹155 | Stop loss: ₹112 | Timeframe: 2–3 months.