Sustainability Financial News

Subscribe to enjoy similar stories. State governments on Friday sought extra headroom for their borrowings and greater fiscal support for their capital expenditure from the Centre, while advocating an expansionary union budget for FY26 to arrest an economic slowdown and a weakening currency. States also advocated that macroeconomic challenges should be comprehensively addressed in the Union budget.

The multilateral body's financing will also catalyse more than $600 million in private sector investment to help the city become financially sustainable, it said in a statement. «The $800 million loan requested by the Government of India to develop Amaravati as an economic hub and state capital for Andhra Pradesh, has a final maturity of 29 years, including a grace period of six years,» it said.

This SLB invested in domestic local currency is the first by a warehousing InvIT in India. The funding aims to support the expansion of NDR InvIT’s warehousing operations, enhance infrastructure quality, and promote sustainable practices. It will also facilitate EDGE Certification — an international green building certification system by IFC — of existing in use facilities, reduce greenhouse gas emissions and lower water consumption.

Shriram Finance, India's second-largest Non-Banking Financial Company (NBFC) on Friday announced that it has consolidated all its green financing initiatives under Shriram Green Finance with Rs 5000 crore Asset Under Management (AUM) target for the nw vertifical over the next four years. The green finance vertical will be built through financing electric vehicles (EV), including two-wheelers, battery charging stations and renewable energy products, the NBFC's top executives said at a media conference, adding that, “building on its existing expertise in financing electric vehicles, Shriram green finance will provide sharper focus and clarity to its sustainability efforts.” The vertical aims to raise global and domestic funds which are focussed on green investments for onward lending with an initial focus on Karnataka, Kerala, National Capital Region (NCR) and Maharashtra. “The company is actively engaging with OEMs manufacturing EVs to establish long-term partnerships, ensuring seamless and accessible vehicle financing solutions,” the company said.

electric mobility is a pivotal change in the global effort to combat climate change, particularly given the automobile sector’s significant contribution to Greenhouse Gas (GHG) emissions. As urbanization and pollution escalate, particularly in countries like India, the need for a sustainable shift in the automobile industry is urgent.

Justice League in 2017, followed by Zack Snyder's controversial version of the same film. Despite much anticipation, a sequel to the Justice League—both dreaded by some and hoped for by others—never materialized. The long-awaited Justice League 2 never happened. The sequel would have brought together Superman, Batman, Wonder Woman, Aquaman, Cyborg, and the Flash once again on the big screen. However, according to Screenrant, «after multiple logistical issues with the first film, director Zack Snyder completed his own cut of the movie, concluding his vision for the DCEU and putting a definitive end to the possibility of a direct JL sequel.»

Sandip Sabharwal, asksandipsabharwal.com, says the valuation derating for HDFC Bank seems to be more or less through. If going forward from next year, they come back to the credit growth trends which they had historically, then there is a realistic possibility that HDFC Bank should do well. Reliance is down almost 30% from the top and there is a realistic possibility it could outperform next year. This is how the last part of 2024 is going to pan out I guess because a whole lot of cues have dried up. The FII volumes as well have abated and it is going to be very minuscule up until January when the earning season kicks off. Then there will be the budget and it is going to be a hectic calendar year henceforth. Sandip Sabharwal: Although trading activity ebbs going into the end of December, the markets move have been there historically and that is still possible. But overall there is a greater possibility that given the lack of cues per se in terms of any significant policy decision or any significant news flow coming in or likely to come in over the next couple of weeks, the probability that after this initial sell-off driven by US Fed action or the projection they have given for the year 2025, we should see the markets become range-bound without any significant dip or up move.

“As per our estimates, the 1,700 centres in total have grown in size by 25%, meaning they are individually expanding while new ones are also being added. That is why you’re seeing so much activity and hiring,” said Nambiar. Formerly the CMD of Cognizant India, he took over as Nasscom’s president in November. Nambiar emphasised that the growth of GCCs doesn’t signify a loss for the IT sector. Instead, both sectors are closely intertwined, creating a win-win situation for India. To further accelerate the growth of the sector—which has hired more people than IT services firms—Nasscom is working with various government arms to address key concerns facing GCCs, such as safe harbor provisions and advance pricing agreements. He added that the era of requesting tax incentives or sops is over; the focus now is on resolving these structural concerns.

Subscribe to enjoy similar stories. New Delhi: The consumer affairs ministry is developing a Repairability Index for consumer durables on the lines of star-rating system used for evaluating the energy efficiency of electrical appliances, Union minister for consumer affairs, food and public distribution Pralhad Joshi said.

Subscribe to enjoy similar stories. Nifty50 extended its losses for the fourth consecutive session and closed at 23,951 on Thursday. Taking cues from the global market, the index started the day with a gap-down opening at 23,877.15 and traded sideways in a narrow range of 24,870.30-24,004.90.

global streaming and more than 45 million transactions in 2024, according to insights from its "Pocket FM Playback 2024" report. The report underscores the global appeal of storytelling and immersive audio experiences over the past year. The platform captivated a broad demographic, with 54% of listeners being Gen Z, 37% Millennials, and 5% Gen X. Gender distribution was nearly even, with 53% male and 47% female users. The integration of AI-enabled audio series expanded the platform's content library by 36 times, while human-narrated series saw a twofold increase.

Market Research Society of India’s (MRSI) report, The Indian Research & Insights Industry 2024 Update. The report highlights that analytics, the process of analysing data to uncover patterns for decision-making, forms the backbone of the industry. Focused on customer and marketing analytics, it accounts for 58% of the market and has grown by 17%, driven by the adoption of big data, AI, and machine learning in sectors such as retail, finance, and media. Similarly, Custom Market Research—tailored studies commissioned by clients to address specific business challenges—has grown by 9%, now representing 29% of the market.

Rahul Gandhi of «pushing and shoving» its MPs on the Parliament premises, the BJP on Thursday said he does not deserve to be the Leader of Opposition after such «indecent and shameful» conduct. Addressing a press conference at the BJP headquarters hours after unprecedented scenes of unruliness unfolded during protests by the ruling and opposition parties, Union Minister Shivraj Singh Chouhan squarely put the blame on Gandhi for the fracas which left two MPs injured. «Rahul Gandhi does not deserve to hold the post of the Leader of Opposition,» Chouhan said as he slammed the Congress leader's behaviour and alleged it is against India's cultural ethos. Gandhi, the Leader of Opposition in Lok Sabha, has rejected the BJP's charge that he pushed its lawmakers and alleged that the ruling party MPs «stopped, threatened and intimidated» him.

Subscribe to enjoy similar stories. The global economic landscape is becoming increasingly interlinked and dynamic. Despite multiple shifts, 2023 saw global merchandise exports worth over $24 trillion, an increase of 6% over 2019, demonstrating resilience in the face of disruptions.

As per the report, despite setbacks from the Covid-19 pandemic, the tourism and hospitality sector is witnessing a strong resurgence, fueled by domestic tourism. By 2036-37, spending in this sector is projected to rise by 1.2 times, driving the need for an additional 61 lakh workers, comprising 46 lakh males and 15 lakh females.

T. Rowe's OEIC Global Impact Credit and OEIC Global Impact Equity funds will both adopt the label early in 2025 under the regulator's naming and marketing rules which came into effect this year.  This means that the T. Rowe Global Impact Credit fund has become one of the first fixed income funds to adopt an SDR label, after Investment Week reported on Monday (16 December) that EdenTree Investment Management has received authorisation for the same label on its Global Impact Bond fund.  Editor's view: Where are the SDR Improvers and Mixed Goals? Managed by Matt Lawton, the fixed inco...

Its addition to the Wealth Shortlist, which took place on Tuesday (17 December), came on the back of the strategy's «higher quality approach and focus on valuation», according to Joseph Hill, senior investment analyst at HL. Hargreaves drops Ninety One UK Sustainable Equity fund from Wealth Shortlist as it seeks merger The addition reflects HL's conviction that it does not expect the fund to fall «as much as some other funds during down markets, providing some shelter from the worst of market falls». «However, this does mean we think the fund could lag its growth focused UK smaller...

Nifty index formed a red candle on the daily chart on Wednesday and has remained below the 100-day exponential moving average (100-DEMA), indicating weakness. However, currently, the index is placed near the lower end of a consolidation zone. If the index manages to hold Wednesday's low of 24,150, a pullback to 24,350 is feasible; however, for a substantial up move, the index must sustain above the 100-DEMA, which is placed near 24,360. As long as the index is below 24,360, traders should adopt a cautious approach, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.

Nirmala Sitharaman as she prepares to present the Union Budget 2025. The trade deficit, driven by high import bills and fluctuating export growth, demands targeted interventions to ensure sustainable economic growth. India’s trade deficit in November widened to an all-time high of $37.84 billion from $27.1 billion in, which has put some pressure on the local currency. This year, the Indian Rupee often traded at around record lows against the US dollar.

DexBoss is one of the noteworthy meme coins this season. DexBoss (DEBO) recently began its presale at $0.01 with the target to list at $0.0505. The token will power the DexBoss ecosystem and provide utility through a deflationary buyback-and-burn model that reduces supply to boost scarcity. DexBoss provides decentralised exchange functionalities similar to the ones in the centralised platforms. The model has a set number of tokens, and the demand keeps rising. It, therefore, means there will be long-term value for the investors. This is one opportunity for anyone entering the decentralised finance (DeFI) space.

G20’s role in fostering an equitable, sustainable, and inclusive world, remarked Ambassador Anil Sooklal, South Africa's High Commissioner to India. Sooklal was the key note speaker at an event in the Indian capital. “As we reflect on Africa’s role in global governance, we are reminded of the African philosophy of Ubuntu–a principle that celebrates our shared humanity and interconnectedness: ‘I am because we are’”, said Pradeep S Mehta, Secretary General of CUTS International in his opening remarks at an event on the ‘The Future of G20 and Africa’ held in New Delhi early this week.