Sustainability Financial News

cash reserve ratio (CRR) by the Reserve Bank of India (RBI) later in the week. The benchmark S&P BSE Sensex gained 110.58 points or 0.14% to settle at 80,956.33, while the broader Nifty 50 index closed at 24,467.45, higher by 10.30 points or 0.04%.

Mutual Fund (MF) debt exposure to NBFCs, which includes their subscriptions to Commercial Papers (CPs) and corporate debt has hovered over Rs 2 lakh crore for more than six months. Their outstanding debt exposure touched Rs 2.33 lakh crore in October 2024, a year on year (y-o-y) increase of 47.1 percent. Though the break-up of iexposure to CPs and bonds Is not available, experts say that NBFCs have seen a higher growth in resources raised through bonds than CPs. NBFCs reduced issuances due to concerns on the sustainability of high growth in their loan portfolio, according to Care Edge Ratings. In comparison, bank lending to NBFCs, which has been a major source of funding for NBFCs rose 6.4% y-o-y growth which has reduced to nearly a third when compared to the growth rate reported in October 2023. Bank lending to the sector has remained in the range of Rs 14-15 lakh crore since November 2023 when the Reserve Bank raised risk weights on bank lending to NBFCs.

The European Union has agreed to delay by a year the introduction of new rules to ban the sale of products that lead to massive deforestation

beef in restaurants, hotels and public places, Chief Minister Himanta Biswa Sarma announced on Wednesday. A decision was taken at a meeting of the state cabinet to amend the existing law on beef consumption to incorporate the new provisions. «We have decided to ban serving and consumption of beef in restaurants, hotel and public places,» Sarma said. «In Assam, we have decided that beef will not be served in any restaurant or hotel, nor will it be allowed in any public function or public place. Earlier, our decision was to stop eating beef near temples, but now we have expanded it to the entire state. You will not be able to eat it in any community or public space, hotel, or restaurant,» said the Assam Chief Mnister.

Additional Chief Metropolitan Magistrate Paras Dalal granted relief to the accused on a personal bond of Rs 50,000 and one surety of like amount. The judge clarified that Balyan was arrested on Wednesday in the second case while he was in police custody.

climate risk assessments are critical for business organisations and the finance function, including the CFOs and finance teams, are key to this transformation, says a report by the Association of Chartered Certified Accountants. As business leaders have to be adequately equipped to deal with disruptions due to climate-related events, the report also has tool kits for finance teams to build resilience skills in areas of scenario testing, crisis management planning and business continuity plans. Key insights

This is a particularly notable trend in India. Currently valued at about USD 170 million, the EV leasing market is expected to develop at an astounding compound annual growth rate (CAGR) of 73%, reaching USD 4–5 billion by 2030. The increasing popularity of EVs and the growing acceptance of leasing as a wise substitute for ownership are both factors contributing to this development. Whether it is last-mile delivery companies upgrading their fleets or enterprises looking to optimise operational costs, EV leasing offers compelling advantages. Managing capital and operational costs EV leasing addresses one of the most significant challenges businesses face: high upfront capital expenditure. Purchasing EVs typically requires a substantial down payment, ranging from 10–25% of the vehicle's cost. Leasing, in contrast, demands only a security deposit equivalent to 3–6 months of lease payments, enabling businesses to scale their fleets with minimal initial investment. This approach not only preserves cash flow but also provides predictable monthly expenses, simplifying financial planning.

sustainability, inclusivity and security are now playing an important role in global trade discussions and they would dictate the future talks, a senior official said on Tuesday. Additional Secretary in the Department of Commerce L Satya Srinivas also emphasised on the importance of adopting a holistic perspective on the commercial significance of free trade agreements (FTAs) for the country. «On the plate of trade, there are vast new dimensions getting added...How do we deal with those new dimensions...These new regulations and new focus areas of present will dictate our trajectory towards the future,» he said at CII's Partnership Summit here. Earlier in trade discussions, the main issues which used to figure included reduction or removal of customs duties and non-tariff barriers.

Subscribe to enjoy similar stories. Indian stock market’s benchmark index Nifty50 extended its gaining momentum for three consecutive sessions. The index gained around 181 points or 0.75% and formed a bullish candle with a higher-high and higher-low price structure.

After vowing for years he wouldn't interfere with the judicial system, Biden has granted 'a full and unconditional pardon' to his son Hunter. The pardon not only covers the gun-related and tax evasion charges Hunter has been convicted of, but also crimes he may be charged with in the future. The blanket pardon covers any case that may come down the line from Trump's justice department. Republicans may try to punish Hunter for trading on his father's name while Biden was VP, and receiving $10 million in payments from Chinese and other foreign companies. But no worries, the father has secured his son before signing off.

Jama Masjid Shamsi here claiming it was a temple, on Tuesday asked the Muslim side to complete their arguments by December 10. Arguing his case, the lawyer for Shamsi Shahi Jama Masjid Intezamia Committee and Waqf Board Asrar Ahmed questioned the locus standi of the Akhil Bharat Hindu Mahasabha to file the petition in the matter. Urging the court to dismiss the plea, the counsel submitted that the mosque is about 850 years old. He stated that there is «no existence of a temple» there and worship by Hindus had never been conducted in the mosque in the past. He argued that the Hindu outfit does not have the legal right to become a plaintiff in the matter. Ahmed also said that filing such a petition in the court violates the Places of Worship Act, 1991.

Reinforcing its support for the ‘Make in India’ mission, the facility will serve as a key local sourcing hub within the Camfil Group. This will enhance its global supply chain efficiency and position Camfil India as a critical contributor to international markets. The new facility represents a significant enhancement in production capacity, particularly for high-efficiency filters used in Air Handling Units (AHUs). By increasing its capabilities, Camfil is poised to better serve industries with the most advanced air quality solutions for HVAC systems. As part of this expansion, Camfil India will also begin manufacturing minipleated HEPA filters, widely known as Megalams. These cutting-edge filters cater to critical pharmaceuticals, hospitals, and microelectronics sectors. Developed using proprietary equipment and scanning technologies designed in Camfil’s global R&D centres, the filters promise unparalleled performance, energy efficiency, and adherence to industry standards.

India on Tuesday said that adequate financing holds the key to achieving the objectives of the United Nations Convention to Combat Desertification (UNCCD). During a ministerial dialogue on finance at the 16th UN conference to combat desertification in Riyadh, Saudi Arabia, Union Environment Minister Bhupender Yadav also shared that India has already restored 22.5 million hectares of degraded land against the target of 26 million hectares by 2030. The minister said adequate financing holds the «key to achieving the objectives of the UNCCD» and that the World Drought Atlas released on Monday could serve as a guide for increasing mobilization of financial resources. Yadav also highlighted government initiatives like the Green Credit Programme, which involves identifying and restoring degraded land with financial support from industries.

No appointment had been sought, Tatkare said, amid the continuing suspense over who would be the next Maharashtra chief minister. «Amit Shah is currently in Chandigarh. We may hold political discussions tonight. We will talk about what is happening,» said Tatkare. «There is no question of waiting (for appointment),» he added. Asked about distribution of portfolios in the new Maharashtra government, set to be sworn in on December 5, Tatkare said it would be decided at a meeting of the Mahayuti allies.

“I was pretty dismayed by the IT being deployed in this industry. It was minimal a decade back,” said Vinnie Mehta, General Secretary of the Automotive Components Manufacturing Association of India (ACMA). “Then came the pandemic, and the entire industry transformed itself, and that was something wonderful to have happened,” Mehta added. Mehta said that everyone jumped onto the IT bandwagon in the industry almost overnight, to the point that ERP systems have now become integral to managing the entire value chain. “It is only fitting, given the fact that the whole automotive value chain contributes to around 7% of India’s GDP, and the auto component industry is half of that. Today, it is hard to envisage a manufacturing value chain without the ERP systems,” he said.

The Nifty Realty Index is up 8% in FY25 YTD, outperforming the broader market indices by 4%. “This momentum is likely to sustain, due to mega ongoing and upcoming project launches (>INR 1.2 tn) across key markets and segments by industry leaders that are positioned to garner stellar demand, as per our checks,” Elara Capital said in a report.

Swan Hills, Alta., was caught on video (see the player above.)No injuries were reported after RCMP were called to the house explosion early Monday morning, but police said several homes and vehicles near the blast sustained damage.The RCMP said officers were called about an explosion at a home on Pan Am Street at 3:55 a.m.Police said preliminary information suggests the cause was likely a gas leak.“There’s no risk to the public, gas to that residence was shut off so there’s no chance of another explosion happening today, thankfully,” said RCMP Const. Cory Riggs.Riggs said while the blast is unusual, it’s also not unheard of.“I’ve been a police officer for seven years now, and this isn’t something that happens every day.

In a twist, AI itself, from the startup Orbital Materials, is what designed the carbon-filtering substance, its Chief Executive Jonathan Godwin said. «It's like a sponge at the atomic level,» Godwin told Reuters. «Each cavity in that sponge has a specific size opening that interacts well with CO2, that doesn't interact with other things.»

Ambuja Cements shares will be in focus on Tuesday after the company announced a partnership with Finland-based technology and engineering firm Coolbrook. The partnership aligns with the company's goal of leveraging zero-carbon heating technology to decarbonize its cement manufacturing process.

“What thy government giveth, thine bond market taketh away.”

Economists from the Bank of Baroda, ICICI Bank, HSBC and Standard Chartered now expect a CRR cut later this week as the Reserve Bank of India (RBI) would rely on the CRR lever, instead of the policy rates, to support growth through liquidity injection. CRR refers to the cash lenders must set aside as part of prudential norms. These funds, kept with the RBI, don't earn any interest. The pressure on the rupee, lower government cash balance and foreign portfolio (FPI) outflows have combined to cast a shadow on growth, although concerns over inflations haven't yet receded.