Sustainability Financial News

Finance Minister Nirmala Sitharaman and Commerce Minister Piyush Goyal have both called for lower borrowing costs in recent months, and some economists have said the RBI could be doing more to encourage lending to boost growth. ALSO READ: RBI's MPC didn't cut rates this time around. But, there is more to this story...

Subscribe to enjoy similar stories. For decades, a global guessing game has focused on whether the people of China will tire of single-party rule. Any failure to sustain a heady pace of economic expansion, went one hypothesis, would stir mass discontent and put its Communist regime on notice.

Canada’s inflation rate slowed to 1.9 per cent in November, slightly below forecast and down from two per cent in October, a deceleration that economists said should give the Bank of Canada room to continue to ease its policy rate.

Nifty finally closed at the lows. A long bear candle was formed on Nifty’s daily chart on Tuesday, which has almost erased the gains made on Friday. Technically this market action is indicating a lack of strength to sustain the upside bounce.

Mansukh Mandaviya flagged off the 'Fit India Cycling Drive' at the Major Dhyan Chand National Stadium here on Tuesday. Close to 500 cycling enthusiasts joined the three kilometres ride from the stadium to Raisina Hills and back, the initiative aimed at promoting cycling as a sustainable and healthy mode of transportation. The event was flagged off by Mandaviya in the presence of Raksha Khadse, the minister of state (Sports), MP Tejasvi Surya, as well as elite athletes, including Paris Paralympics bronze medallist Simran Sharma, Commonwealth Games gold medallist Nitu Ghanghas and Asian Games bronze winner Preeti Pawar. Mandaviya said in a press release, «We have launched this event as 'Fit India Cycling Tuesdays' but for the convenience of cycling enthusiasts, this will now be conducted on Sundays and be called 'Sundays on Cycle'.

Electric ride-hailing and charging infrastructure network BluSmart on Tuesday said it has secured Rs 100 crore in EV financing under its asset leasing initiative. Under the 'Assure by BluSmart' initiative, the partner can purchase electric cars and lease these cars to BluSmart. Assure has surpassed Rs 100 crore in book value. Within the first year of launch, the program has grown exponentially, jumping 10 times in monthly scale of financing secured with 25+ large partners onboard, the company said. The initiative has gained robust support from leading green financing institutions, transport and logistics operators, as well as family offices.

Transatlantic Tunnel, estimated to cost $20 trillion (£15.8 trillion), promises exactly that, leveraging hyperloop technology to achieve unprecedented travel speeds. However, the project, described as one of the most ambitious infrastructure ideas in history, faces monumental challenges, from technological uncertainties to colossal costs. While captivating, this vision seems far removed from practical realisation.

Nitin Gadkari on Tuesday said the food delivery economy is very important for India as it generates large-scale employment. Addressing Zomato's 'Sustainability and Inclusivity: Role of the Platform Economy' conference, the Road Transport and Highways minister said that at present India has 77 lakh delivery workers and this number is likely to touch 2.5 crore by 2030. «Giving employment to 2.5 crore youths of this country is really a big thing for the country...The most important priority for all of us is to create jobs,» he said. The minister also appreciated online food delivery platform Zomato for providing employment to a lot of unemployed youth of the country.

Eastern Rajasthan Canal Project (ERCP) is a direct proof of the intention of the Congress, he said. «The Eastern Rajasthan Canal Project (ERCP) was delayed for so long by the Congress, this is also a direct proof of the Congress' intentions. They talk big in the name of farmers but neither do they do anything for the farmers themselves nor do they let others do it,» he said addressing a public meeting in Dadiya in Jaipur. He was addressing 'the Ek Varsh-Parinaam Utkarsh' to mark completion of one-year of Rajasthan government during which he inaugurated and laid foundation stone for 24 projects related to energy, road, railways and water worth over Rs 46,400 crore.

Finance Minister Nirmala Sitharaman is likely to present the annual budget 2025, her eighth consecutive Union Budget, on February 1. The annual budget details the planned expenditures and revenues for the fiscal year, which runs from April 1 to March 31. Expenditures cover areas such as public welfare programs, imports, military funding, salaries, pensions, and debt interest. Revenue is generated through taxes, public sector enterprises, government borrowing via bonds, and other sources.

The label will be adopted from 3 February 2025, making the portfolio the third fund in EdenTree's suite to adopt a label, after the EdenTree Green Future and EdenTree Green Infrastructure mandates recently revealed they will be using the Sustainability Impact label as well.  This means that EdenTree has now adopted an SDR label across three major asset classes: equities, listed infrastructure and fixed income.  Editor's view: Where are the SDR Improvers and Mixed Goals? Managed by the firm's head of fixed income, David Katimbo-Mugwanya, and fund manager Michael Sheehan, the Global ...

Aaradhya Disposal Industries, a manufacturer and exporter of high-quality paper products, announced filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The company’s initial public offering comprises a fresh issuance of 36,96,000 equity shares, each with a face value of Rs 10. Khambatta Securities is the sole book running lead manager to the Issue, and Bigshare Services Private is the registrar.

Sajjan Kumar. Special Judge Kaveri Baweja, who was scheduled to pass the order on Monday, deferred the pronouncement. «January 8 is the next date,» the judge said. Kumar, who is currently lodged in Tihar central jail, appeared before the court through video conference.

Subscribe to enjoy similar stories. The Nifty 50, India’s benchmark index, saw volatile trading on 13 December as it retested its breakout level—the downward-sloping trendline connecting the highs of 6 November and 27 November. Following a subdued opening, the index tumbled sharply to an intraday low of 24,180 during the first half of the session.

Subscribe to enjoy similar stories. Mahindra & Mahindra has surpassed Tata Motors as India’s third-largest carmaker thrice in the second half of 2024 on new launches at a time cooling electric vehicle sales and an ageing line-up have hurt the fortunes of the Tata Group company. In August, September, and November, Mahindra, the maker of Thar sport utility vehicle (SUV), cornered 12.64%, 12.64%, and 13.14% share of the nation’s passenger vehicle market, respectively, showed a Mint analysis of the government's vehicle registration data compiled by Fada Research.

Airbus has picked up over 650,000 sq ft office space in a commercial tower in Bengaluru’s Whitefield through a long-term lease of 10 years to set up its global capability centre (GCC), supporting innovation and technology development-related strategic initiatives worldwide, said persons with direct knowledge of the development. The European multinational company will be paying rentals of over Rs 500 crore for this new office space in an entire building of Titanium Tech Park through the lease term. The deal has provision for future scalability to accommodate growth with an additional 150,000 sq ft that can be exercised after a year, taking the total space to 800,000 sq ft. The clause for lease tenure also includes an option to extend the same by an additional five years, making it a 15-year deal.

flexible workspace that is looking to raise $25 million in a pre-IPO funding round ahead of its public listing next year, has taken up 100,000 sq. ft. of office space at HQ27 in Gurugram. Previously, Nvidia had leased 73,000 sq. ft. at The Headquarters 27, a commercial project by Bharti Realty in Gurgaon. The facility at HQ27 has the capability to accommodate over 1500 seats.

The man initially reported to police on December 8th that he had been attacked and his fingers cut off by an unknown assailant while urinating near Vedant Circle. He claimed to have lost consciousness during the attack. However, the Detection of Crime Branch (DCB) investigation revealed inconsistencies in his story. The man’s belongings including his motorcycle, phone, and cash were untouched. Cops also could not find any evidence of an attack. After confronting him with evidence, the man confessed to self-inflicting the injury.

Speaking at an event in Delhi, the EAM stressed on the fact that India is a first-responder when its counterparts around the world need its help. However, he added, that New Delhi has miles to go to revamp itself from the mistakes of the past, in order to become a 'multigenerational foreign policy following nation'. 'We're a player the world turns to, even if we're bashful at times. The idea of India as a first responder, I can predict, will only get stronger," said Jaishankar.

They said at least 11 of the dead were killed in three separate Israeli airstrikes on Gaza City houses. The others were killed in the towns of Beit Lahiya, Beit Hanoun and Jabalia camp. Residents said clusters of houses were bombed and some set ablaze in the three towns. The Israeli army has been operating in the towns for over two months.