Sustainability Financial News

Subscribe to enjoy similar stories. Younger investors are taking a more active role in establishing family offices to professionalise wealth management, said Umang Papneja, CEO of Julius Baer India. “Additionally, there is a growing interest in alternative asset classes, including private equity and private credit, as younger investors prioritise diversification and seek higher returns." He said asset allocation preferences are evolving, with equity accounting for up to two-thirds of portfolios and a growing appetite for alternative investment funds (AIFs) and private equity.

The bus was heading towards the Kurla bus depot from Shivaji Nagar when the victim's two-wheeler came in contact with one of the rear tyres of the bus, and he got run over, the official said. The victim, Dikshit Vinod Rajput, sustained a severe head injury and was rushed to the Rajawadi Hospital, where the doctors declared him dead before admission, he said.

Shiv Sena (UBT) MP Sanjay Raut on Sunday launched a scathing attack on Prime Minister Narendra Modi's speech in Lok Sabha, where he emphasized zero tolerance towards corruption. Raut questioned PM Modi's sincerity, pointing out the presence of allegedly corrupt leaders within the BJP, such as Ajit Pawar and Eknath Shinde. Raut's criticism also extended to PM Modi's relationship with business magnate Gautam Adani, implying that the Prime Minister's tolerance of Adundermines his claims of zero tolerance towards corruption.

Indian tourism sector is expected to double in size to USD 523 billion in the next 10 years, according to World Travel and Tourism Council (WTTC) President and CEO Julia Simpson. WTTC works with governments on issues of the travel and tourism industry, and is the global authority on the economic and social contribution of the sector. «The travel and tourism sector employs 45 million people in India, and is going to double in its value. In 10 years, the sector is going to be worth USD 523 billion in India, more than double the present size of USD 256 billion,» Simpson told PTI in an interview. «In 10 years, the tourism sector in India will be providing jobs to 63 million people,» she said.

Jasprit Bumrah was at his best with the second new ball in the third Test against Australia at GABBA, Brisbane on Sunday. The pacer got his 12th five-wicket haul as he dismissed the Australian top order. At the start of the day, Bumrah got rid of opener Usman Khawaja and Nathan McSweeney in quick time to reduce Australia to 38/2. However, a partnership of 241 between Travis Head and Steve Smith meant that India were staring at a massive total. Bumrah, on the other hand, had other plans and picked up three wickets in four overs with the second new ball to reduce Australia for 327/6.

data management system for hundreds of remote sites has helped the Dubai municipality save about $2 million a day by reusing water. At Michelin, a centralised monitoring and energy tracking system across 65 factories helps achieve a 10% reduction in water and energy consumption. It’s clear that, if deployed at scale, technology could be a gamechanger in accelerating the world’s transition to net-zero emissions. So, why aren’t more companies doing this? Lisa Wee, global head of sustainability at industrial software provider Aveva, points to the pace of digitalisation. “We still haven’t seen digitalisation done successfully at scale by most companies. In fact, 70% of industries haven’t yet managed this,” she said. “Until you have that foundation in place, you’re jumping ahead by talking about the benefits of AI or machine learning, because the quality of foundational data is so important.” Wee pointed out that over 50% of industrial data in the world was created in just the last two years. “Once you have good foundational data and a standardised way of bringing it together [across plants or functions], you can deploy analytics on top of it. You can find out, for example, that paint drying might be your most energy intensive process,” she said.

capital expenditure, including on research and development (R&D), to make their products as well as manufacturing processes sustainable and environment friendly, as these factors are becoming crucial for both consumers and investors. Companies increased their capex up to nine times in the past three financial years, and on R&D by up to four times, to specifically make products and manufacturing processes sustainable, according to an ET study of 15 leading publicly traded companies across fast-moving consumer goods (FMCG), automobile and electronics sectors. For a few companies, expenditure went up on both counts. «Consumers nowadays, especially the younger generation, are extremely conscious about sustainability and prefer to buy brands who develop sustainable products and use sustainable manufacturing processes,» said Pradeep Bakshi, managing director of Tata-owned appliance manufacturer Voltas. «Even for business-to-business deals, this has become a benchmark.»

Replying to a question, Pandher said 17-18 farmers have sustained injuries during the Haryana security personnel action. Farmer leader Manjit Singh Rai alleged that rubber bullets were also used by security personnel and one farmer was seriously injured.

Supreme Court for a year-round ban on firecrackers, aiming to mitigate air quality degradation and noise pollution. Seasonal restrictions, introduced annually during Diwali since 2017, have proven insufficient to address the capital’s pollution crisis. “We will do it permanently,” Senior Advocate Shadan Farasat, representing the Delhi government, told the court, highlighting the administration’s firm stance. Firecrackers release pollutants such as sulfur dioxide, nitrogen oxides, particulate matter, and heavy metals like cadmium and lead. These chemicals not only degrade air quality but also contaminate soil and groundwater.

Jammu and Kashmir Police have filed chargesheets against seven accused persons in Doda district in two separate cases under the Unlawful Activities (Prevention) Act (UAPA). The chargesheets were presented on Friday before the NIA Court in Doda for judicial determination, said the police. Giving details SSP Doda, Sandeep Mehta said that all these accused persons have covertly or overtly supported the militant groups in the Doda district by providing them food and other logistics.

Subscribe to enjoy similar stories. New Delhi: Businesses need to step up their research and development spending, and the industry expects the government to sustain the growth in budget allocation for capital expenditure as these two would help the Indian industry to become more competitive in global markets, Harsha Vardhan Agarwal, president of Federation of Indian Chambers of Commerce and Industry (Ficci), and vice-chairman and managing director of Emami Ltd, said. In an interview to Mint, Agarwal also downplayed the government’s concerns that private sector salaries were not keeping pace with their multi-year-high profitability, saying that the need to retain talent ensures salary increments in the private sector.

Saudi Arabia says that to host the 2034 World Cup in men’s soccer, it will build or renovate 15 stadiums, create a futuristic city and expand airports and public transport in a massive buildout to accommodate millions of athletes, coaches and spectators

The adoption will take place from 20 February 2025, at which point the strategies will rebrand to abrdn UK Sustainable Equity and abrdn Global Sustainable Equity. With £638m in assets, the UK equity fund is one of the largest strategies to adopt an SDR label, abrdn noted, while its global counterpart holds assets totalling £147m. Editor's view: Where are the SDR Improvers and Mixed Goals? As part of the SDR compliance process, abrdn will amend the strategies' investment objectives to set out an explicit broad-based thematic sustainability objective in addition to the existing finan...

Subscribe to enjoy similar stories. If there is one defining feature of municipal services in large parts of India, it is chronic underfunding and under investment. According to the Reserve Bank of India, municipal expenditure is less than 1% of GDP.

Subscribe to enjoy similar stories. Shares of Jindal Steel & Power Ltd (JSPL) have surged about 15% from their recent low of ₹855 apiece seen on 13 November, outpacing the sub-4% gain in the benchmark Nifty 50 index. The outperformance is attributed to the company’s relative advantage, thanks to its greater presence in the long steel production.

handicrafts industry is a vibrant reflection of its rich heritage, with every artifact narrating stories of tradition, creativity, and unmatched craftsmanship. This sector, deeply intertwined with the country’s cultural roots, represents an invaluable resource not only for preserving India’s diverse artistic legacy but also for fostering economic growth.

World Competition Day 2024, co-hosted by leading Indian think tank CUTS International, UNCTAD, and the WTO, convened global experts at the WTO headquarters to discuss the critical intersection of trade, competition, and inequality. The event raised the question as to how trade and competition policies can be designed and deployed to address deepening socio-economic inequalities. Pradeep S. Mehta, Secretary General of CUTS International, opened the discussions by highlighting how trade policy and competition policy can deal with economic inequalities, both among nations and within nations. He called for strengthened efforts to address these issues through global cooperation. Moderated by Suddha Chakravartti, Director of CUTS International, Geneva, the event featured insights from esteemed experts, including Roberta Piermartini (WTO), Vincent Martenet (University of Lausanne), Elizabeth Gachuiri (UNCTAD), and Kondwani Kaonga (COMESA Competition Commission). Discussions explored the role of trade in fostering inclusiveness between and within economies. While trade has contributed significantly to income convergence between nations, the benefits have often been unevenly distributed within economies. Complementary policies, such as education, income redistribution, and robust competition enforcement, were identified as essential to ensure inclusiveness at all levels.

India-Middle East-Europe Corridor (IMEEC) as a 'historic initiative' to foster regional connectivity and prosperity during his meeting with United Arab Emirates Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan. During the talks on Thursday, PM Modi also conveyed his warm wishes for UAE President Sheikh Mohamed bin Zayed Al Nahyan, according to the Ministry of External Affairs statement. PM Modi expressed satisfaction at the frequent high-level visits and exchanges, including the visit of the Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to India in September 2024, which marked a generational continuity in bilateral relations.

“No airport in India has a toll road before it. Why this discrimination against Bengaluru? Toll should be for the Bellary Road after the airport,” Pai wrote on X, tagging Union Minister of Road Transport and Highways, Nitin Gadkari. In a Rajya Sabha response regarding fee collections on national highways, Gadkari revealed that the Devanahalli toll plaza collected Rs 308 crore in revenue during the financial year 2023-24.

Toyota says it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky

Material possessions: These serve as a symbol of success for many. But this sentiment varies based on socioeconomic standing. Rich: 36% equate owning more material possessions with success. Luxury items are seen as tangible manifestations of affluence.