Sustainability Financial News

Adam Smith wrote in The Wealth of Nations that managers of joint stock companies can't be expected to watch over a company with the same anxious vigilance that owners watch over their own company. The wisdom remains relevant in modern day business. Owners with the money, but who lack expertise or time to run the business, hire professional managers. The anxious vigilance of owners referred by Smith is to ensure that the business generates enough economic value for them-to put it simply, to see it's earning a return on capital that exceeds costs. Professional managers hired by owners are primarily the capital or asset allocators in the business. If capital allocation within the business is inefficient, then enough economic value won't be generated. As rudimentary as it may sound, it's surprising how awareness of high cost attached to equity capital is often missing in many suave, confident and crafty professional managers in corporate India.

Small business owners have had a mostly positive reaction to a judge’s decision to strike down an overtime rule that would have qualified more workers for overtime pay

Subscribe to enjoy similar stories. Investing with a focus on the quality factor involves identifying companies that demonstrate strong financial health, sustainable competitive advantages, and consistent earnings growth. Quality and value are two of the oldest and most widely recognised factors in investing.

Subscribe to enjoy similar stories. As expected in the previous day's market commentary, the Indian benchmark index Nifty50 opened with a strong gap-up, taking cues from the Maharashtra state election and positive global sentiment. The index opened 346-point higher at 24,253, registered an intraday high at 24,351, and closed at 24,222.

Subscribe to enjoy similar stories. Markets raised a toast to the thumping Maharashtra mandate, lifting stocks for a second straight day as bargain hunters returned. Benchmark indices extended Friday's gains to Monday, with the Nifty clocking the biggest two-day rise since early June.

A last round of negotiations on a legally binding treaty to address the global scourge of plastic pollution has opened in Busan, South Korea

Bath & Body Works fiscal third-quarter performance topped analysts’ estimates thanks to strong sales and the retailer boosted its full-year outlook

HMD Fusion is priced at ₹17,999, with an introductory offer of ₹15,999 for a limited period. Buyers will receive three Smart Outfits—the Casual, Flashy, and Gaming options—valued at ₹5,999, at no extra cost.Sales commence on 29 November at 12:01 PM and the device will be available on Amazon and HMD Global’s official website.

equity market has been on a remarkable run in 2024, with the S&P 500 posting gains of over 25% year-to-date, outpacing India's Nifty50, which has risen 11% during the same period. However, as highlighted by Gary Dugan, Chief Executive Officer of The Global CIO Office in a note, this rally warrants cautious optimism.

Subscribe to enjoy similar stories. NEW DELHI : NTPC Green Energy Ltd (NGEL) is in talks with global airlines including British Airways, Lufthansa, Singapore Airlines, and Virgin Atlantic, among others, to secure deals for supplying sustainable aviation fuel (SAF). The cleaner aviation fuel will be supplied from NGEL's green hydrogen hub in Andhra Pradesh, which is yet to begin production, said a person familiar with the developments.

RX India runs a diverse portfolio of B2B events across India. The company says it leverages its outreach in 22 countries, hosting 350+ events annually across 25 nations, creating immersive experiences to expand India’s trade footprint. Among its key highlights is the fact that it also provides platforms for MSMEs to showcase their offerings, connect with larger firms, and build international networks. In an interaction with ET Online, Hugh Jones, CEO, RX Global, highlighted that by combining face-to-face interactions with robust digital and customized solutions, the company empowers small businesses to thrive in an increasingly competitive landscape. ET: How does RX India’s portfolio of B2B events contribute to the growth of MSMEs in India? Hugh Jones: Our B2B events help MSMEs in India grow by expanding their market reach, building networks and connecting them with larger firms and international clients. Recognising the unique challenges faced by MSMEs, our trade shows offer MSMEs a platform to showcase their products to a broader audience and engage directly with industry leaders, creating valuable business opportunities. Our events act as gateways for MSMEs to connect with key industry players, facilitating business growth and enhancing their competitive edge. We also provide digital access options, allowing MSMEs to reach global audiences without geographic limits.

Uddhav Balasaheb Thackeray Sena in a bizarre demand has asked to stay the assembly results and hold fresh elections through paper ballots. “ We have made 450 complaints against the EVM machines in these elections, the elections were conducted as per procedure. We are saying that stall these results and do the elections from paper ballots and we would win the elections. We were leading in the morning in the paper ballots in these elections early but then when the counting in the EVM happened things changed.”said Sanjay Raut Rajya Sabha MP and party spokesperson of the Uddhav Balasaheb Thackeray Sena. Raut claimed that they want elections to be held through paper ballots. “We are not saying this because we lost, we have been saying against EVM for the last ten years. Now they (BJP) claim that they won in Jharkhand and lost in Maharashtra but we would like to tell them to do one thing: take Jharkhand and let us win in Maharashtra. Do something in the EVM machine and let us win in Maharashtra.”said Raut sarcastically.

Subscribe to enjoy similar stories. One of the biggest red flags for investors when picking stocks is debt. High debt usually raises considerable questions about the company’s operational efficiency and sustainability.

«Pleased to inaugurate the new Chancery of the Embassy of India in Rome today. It befits the continued expansion of India-Italy partnership in recent years. Will also help us serve better the Indian community in Italy,» he said in a post on X. Speaking on the occasion, Jaishankar said India regards Italy as a key partner, a very crucial one in Europe, and a very influential one in the Mediterranean.

Chennai Super Kings have resigned Rachin Ravindra for Rs 4 crore in the in the IPL 2025 auction on Sunday at Jeddah. The New Zealand all-rounder was first bought by Punjab Kings for Rs 3.2 crore, but CSK used the RTM and the bid was increased to Rs 4 crore to which CSK agreed.

Coatue Management alumnus Michael Gilroy and longtime technology executive Gokul Rajaram are forming a venture firm, according to people with knowledge of the matter. They’re in early discussions to raise capital from anchor investors and have yet to name the firm, said one of the people, who asked not to be identified discussing confidential information. They plan to raise $400 million to $500 million for their debut fund, and will formally kick off fundraising in the new year, the person said. The pair, who plan to make early-stage investments in fintech and software companies primarily in the US, have already begun discussing making potential investments in startups, the person said.

multi barrel rocket launchers (MBRL), India has started the supply of the highly capable Pinaka rockets to Armenia. The supplies of the DRDO-developed rocket launchers have started around the same time India has started deliveries of the Akash air defence missile system to that country. The first lot of the Pinaka multi barrel rocket launcher systems has been supplied to Armenia, defence sources told ANI.

Delhi Capitals (DC) for a hefty sum of Rs 11.75 crore. This comes after the Kolkata Knight Riders (KKR) opted not to retain the fast bowler, who was previously the most expensive player in IPL history following his acquisition for Rs 24.75 crore in the 2024 auction. Starc, known for his express pace and ability to thrive under pressure, had an impressive season last year, claiming 17 wickets, including five crucial scalps in the Qualifier and final matches. Despite his standout performance, injuries and international commitments hampered his participation throughout the season.

Mohammed Shami was sold to Sunrisers Hyderabad for Rs 10 crore in the IPL 2025 mega auction on Sunday at Jeddah. Kolkata Knight Riders and Chennai Super Kings were in the initial fight for the pacer. CSK pulled out at Rs 8 crore and Lucknow Super Giants entered the bid Rs 8.50 crore. However, when the bidding stopped at Rs 9.75 crore, SRH made their bid and the player was sold for Rs 10 crore. Shami represented Gujarat Titans in 2023, where he was the purple cap holder. The right-arm pacer missed the 2024 IPL season as he was recovering from an ankle injury sustained during the ICC ODI World Cup 2023. Despite his recent setbacks, Shami remains a formidable force, having bagged 127 wickets in 110 IPL matches at an economy of 8.43 runs per over..

Mumbai Indians have faced a bumpy ride in two of their last three seasons. In 2023, they just managed to scrape into the playoffs but were knocked out in the second qualifier. This was sandwiched between two of their worst seasons, where they finished at the bottom of the standings. IPL 2025 Auction: Check the complete list of sold players on Day 1 MI won their first IPL title in 2013, the same year Rohit Sharma took over as captain from Ricky Ponting. Since then, the team has lifted the trophy four more times, including back-to-back titles in 2019 and 2020, making them the second franchise in IPL history to achieve such a feat.

Subscribe to enjoy similar stories. I have always enjoyed making booklists once a year, scanning award lists for old favourites as much as new authors . Nowadays the end of the year has me making a similar list for tea.