Sustainability Financial News

12.12 / 18:17

markets COST Software Sustainability awards country Onus must be on banks to fund green energy projects: Renewable energy secretary Prashant Kumar Singh

Prashant Kumar Singh on Thursday said there was a need to have a green energy financing obligation on banks. Speaking at CII's Global Economic Policy Forum, Singh said banks were currently funding only a small portion of renewable energy projects while non-banking financial companies sanctioned the major portion of their requirement. Outlining the future requirement, Singh reiterated that ₹30 lakh crore investment was needed in the renewable energy sector going forward. «There is a need for a renewable energy lens and then working from that perspective,» he said. Climate change goals cannot be achieved till India de-carbonises, he added.

12.12 / 16:39

UPS Manufacturing Strategy Mobile Sustainability wellness International Andhra Pradesh decides against incentives for hybrid vehicles in new EV policy

Subscribe to enjoy similar stories. New Delhi: The Andhra Pradesh government has decided not to extend road tax waivers and cash incentives for buyers of hybrid vehicles, in its new sustainable electric mobility policy document seen by Mint. The policy, effective 11 December, extends benefits only to electric two-, three-, and four-wheelers, goods carriers, and e-buses, diverging from other states like Uttar Pradesh that have incentivized hybrids to promote cleaner mobility. The policy, valid until 2029, is part of Andhra Pradesh’s goal to achieve carbon-neutrality in the transport sector by 2047.

12.12 / 14:19

markets Citi Digital Strategy Software Sustainability Experts ADB extends USD 788.8-mn loan to develop Amaravati as green, smart capital city

The Amaravati Inclusive and Sustainable Capital City Development Program is designed to transform Amaravati into a growth hub for the region, enhancing economic prospects, providing job opportunities, and improving living conditions of the residents, it said. Public investments will focus on key infrastructure development, including trunk infrastructure, government complex, and neighbourhood infrastructure benefiting farmers who are the stakeholders under the land pooling schemes, it said.

12.12 / 08:47

markets UPS Software Sustainability awards India steel industry in trouble because of cheap imports; capacity utilisation at 4-year low: ICRA

Capacity utilisation of domestic steel industry in 2024-25 is poised to slip below 80 per cent for the first time in four years as cheap imports nibble at market share, according to rating agency ICRA. Fresh upcoming capacity addition plans could be at risk of a slowdown unless earnings of domestic steel mills inch up from prevailing levels, the rating said in a statement Thursday. Following the post-Covid metals rally, the domestic steel industry was able to achieve the impossible trinity of maintaining above 80 per cent capacity utilisation rates, a strong investment pipeline, and comfortable leverage levels for three years back-to-back between 2021-22 and 2023-24.

12.12 / 08:39

markets Digital Strategy Software economy Sustainability Experts budget 2025 Budget 2025 needs to boost infrastructure spending for GDP growth

Union Budget 2025 approaches, leading experts are calling for a significant increase in infrastructure spending to catalyse India's economic growth. The government is urged to go for an 30% annual rise in infrastructure allocations, with demands for the upcoming budget to push capital expenditure to ₹18 lakh crore from last year’s ₹11.1 lakh crore base. Annual increase in capital expenditure is crucial to reversing GDP slowdown and achieving the nation's ambitious economic goals. A robust budget allocation and proactive private-sector participation will be pivotal in ensuring sustainable and inclusive growth.

12.12 / 07:13

markets Digital Strategy Software economy Sustainability Trade India, EU aiming for balanced, ambitious comprehensive and mutually beneficial FTA: Piyush Goyal

FTA) with the European Union (EU) during an interaction with Ambassadors from the European Commission delegation and member states. According to the Ministry of Commerce and Industry, the meeting, attended by representatives from Austria, Belgium, Bulgaria, and several other EU nations, along with senior Indian officials, emphasized the growing trade and economic partnership between India and the EU. Highlighting the progress in the FTA negotiations, Goyal acknowledged the need for political guidance to finalize a commercially meaningful agreement that respects the sensitivities of both parties.

12.12 / 06:55

markets Analysis economy Sustainability Election Research Trade Investing in 2025: Headwinds and tailwinds

12.12 / 05:35

Manufacturing economy Sustainability Food trends shock India must shift its policy focus to address the demand deficiency that ails its economy.

Subscribe to enjoy similar stories. Two key pieces of economic data released last month have rung alarm bells on the state of India’s economy. The first was on retail inflation, which breached the 6% upper tolerance limit in October, climbing to 6.21%, the highest since August 2023.

12.12 / 01:07

markets Aviat Airlines Sustainability travelers International Destinations IndiGo's 100% stock rally: What comes next?

Subscribe to enjoy similar stories. Imagine this: it’s 2015, and India’s largest airline by domestic market share—IndiGo, holding nearly 35%—is preparing for its initial public offering (IPO). But this isn’t just any IPO; it’s one backed by a profitable airline boasting a rare 10% net profit margin.

12.12 / 01:07

markets UPS Citi security Sustainability show V-Mart Retail could sustain growth momentum in second half of FY25

Subscribe to enjoy similar stories. V-Mart Retail Ltd’s shares have put up a stellar show, more than doubling over the past year (up about 120%). Sure, it helped that the stock was beaten down around a year ago, hovering near its 52-week low of ₹1,741.70 on 13 December 2024.

12.12 / 01:07

markets Sustainability Healthcare trends Uncharted Trade recommendations Stocks to buy: Two stock recommendations from MarketSmith India for 12 December

Subscribe to enjoy similar stories. The Nifty50 continued to consolidate around its 50- and 100-day moving average (DMA) and traded in a narrow range for a fourth consecutive day. On Wednesday the index ended 0.13% higher in a lackluster trading session and formed a doji candle with a higher-high and higher-low price structure, indicating indecisiveness among buyers and sellers.

11.12 / 19:37

Provident Progressive Sustainability country exclusive reports Brazilian beef and leather companies fall short in tackling deforestation, a study finds

The next United Nations climate conference will be held in Belem, the capital of an Amazon region where widespread deforestation has turned the surrounding rainforest from a vital carbon sink into a significant carbon source

11.12 / 17:53

markets Provident Software Sustainability Research Experts track Legitquest raises $660,000 in ongoing round from existing investors InfoEdge, WaterBridge Ventures

Legal tech startup Legitquest has raised $660,000 (Rs 5.5 crore) in an ongoing funding round from its existing investors InfoEdge and WaterBridge Ventures. The company, in a statement, said that with more commitments in the pipeline, it is set to close the funding round soon. “We are excited about the continued trust and support of our investors, which allows us to accelerate our vision of leveraging generative AI to transform the challenges faced by legal stakeholders,” said Karan Kalia, founder of Legitquest.

11.12 / 17:05

markets Digital Platform Software Sustainability Experts PAM Corporate affairs ministry introduces e-adjudication to boost stakeholder confidence: Official

Ministry of Corporate Affairs (MCA) has introduced e-adjudication and e-consultation platforms to streamline legal proceedings and foster a more business-friendly regulatory environment, a senior official said on Wednesday. Addressing the ASSOCHAM-ACCA Global Summit on Responsible Corporate Governance and Sustainability Reporting, Anita Shah Akella, CEO of the Investor Education and Protection Fund Authority (IEPFA) and Joint Secretary at MCA, highlighted the government's commitment to balancing corporate integrity with economic dynamism. The introduction of e-adjudication and e-consultation platforms aims to simplify legal procedures, improve stakeholders' experience, and bolster India's ranking in the ease of doing business.

11.12 / 16:37

FIVE Sustainability awards WhatsApp Department Odisha govt approves 7 renewable energy projects worth Rs 1,386 cr

The approved projects include a 99 MW wind power project, five ground-based solar projects of 91.77 MW and one rooftop solar project of 1.64 MW, it said. These projects will leverage Odisha's natural potential for renewable energy generation, emphasising the state's commitment to achieving its renewable energy goals under the Odisha Renewable Energy Policy-2022, the department said.

11.12 / 11:05

markets Waters Software Sustainability Experts 2020 reports Your toilet could be the reason behind Delhi’s highest Yamuna pollution since 2020

Delhi Pollution Control Committee (DPCC), the faecal coliform count reached 79,00,000 most probable number per 100 milliliters (MPN/100ml). This marks a sharp increase from 3,20,000 in 2023 and 6,80,000 in 2021, a TOI report stated. The river’s biochemical oxygen demand (BOD), a measure of organic pollution, also deteriorated in November, indicating a worsening pollution load compared to October.

11.12 / 11:05

markets Waters Software Sustainability community biodiversity American Express launches Program Vasundhara in Bengaluru & Gurugram for environmental sustainability

This programme will support India’s climate and sustainability goals by empowering local communities, restoring ecosystems, and fostering sustainable development practices in collaboration with Safe Water Network, the company said in a statement. Program Vasundhara’s will prioritize water resource management, sustainable agriculture, biodiversity conservation, and renewable energy across the two cities. In Bengaluru, around the Aivarakhandapura Lake, Program Vasundhara is building an 18-million-liter rainwater harvesting structure to boost local water availability and reduce dependency on external sources. This is a crucial step in addressing local water challenges while fostering resilience in the community.

11.12 / 10:59

UPS Sustainability Experts Justice reports recommendations Courts Supreme Court rulings on environmental damage highlight flaws in National Green Tribunal’s methods

Subscribe to enjoy similar stories. Companies facing charges of harming the environment have found relief in recent Supreme Court rulings which clarified that the National Green Tribunal (NGT) cannot impose penalties on firms based on their total revenue or solely on the recommendations of expert committees.

11.12 / 00:25

markets Digital Strategy Software Sustainability Nov Experts Thematic funds lose some charm in Nov, SIPs maintain flows

equity mutual funds in November, reflecting the impact of fewer thematic or sector-specific new offerings through the month that also coincided with sustained exits from local risk assets by overseas investors. Systematic investment plans (SIP) stayed stable even as total flows to growth-oriented funds shrank 14%, to ₹35,943 crore, from October's ₹41,887 crore. Monthly net subscriptions to thematic funds fell to this fiscal year's second-lowest level, at ₹7,658 crore. This marks the lowest inflows into the category since April. Net inflows into the category, which peaked at ₹22,352 crore in June, never declined below ₹12,000 crore between May and October, on multiple new fund offerings by the industry.

10.12 / 09:21

Waves Sustainability Opinion performer electronic Features rights Searching for the perfect room heater? Grab the Bajaj Majesty OFR 13 Fin Plus at a great deal on Amazon

₹11,449, slashing a massive 33% off its original price! Known for its efficient heating and durability, this model is perfect for keeping your home warm during chilly days. With this unbeatable deal, you can enjoy premium comfort without stretching your budget.Don’t miss out on this incredible offer, upgrade your winter essentials today and experience warmth like never before! Whether it’s for your living room or bedroom, this deal combines quality, affordability, and top-notch performance, making it the ultimate steal for the season.

10.12 / 08:41

markets UPS security Sustainability Research President reports Oil marketing companies eye a strong Q3, but LPG could be a dealbreaker

Subscribe to enjoy similar stories. State-run oil marketing companies (OMCs) are set for a better December quarter (Q3FY25) after seeing earnings drop sharply year-on-year in the first half of the fiscal year. Amid healthier demand for crude oil and refined products in November, largely stable crude prices improved refining and marketing margins.

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