Sustainability Financial News

Subscribe to enjoy similar stories. With this year’s global summits on biodiversity (CoP-16) and climate change (CoP-29) done and the one on desertification (CoP-16) fast approaching, the consequences of the climate emergency are evident everywhere. Floods have ravaged central Europe, super-typhoon Yagi has just struck Southeast Asia, and Hurricanes Helene and Milton have wreaked havoc in the southeastern US.

The report added that India is poised to become a significant player, as the global geospatial market is set to reach USD 1,064 billion by 2030. The geospatial market, by definition, is the industry that includes the creation, gathering, analysis, and use of geographic data through technologies such as Geographic Information Systems (GIS), Global Positioning Systems (GPS), and remote sensing.

The benchmark Nifty50 climbed to 23,907.25, while the Sensex jumped to 79,117, marking a strong reversal from recent losses.

District Reserve Guard (DRG) jawan was injured when a pressure improvised explosive device (IED) planted by Naxals exploded in Chhattisgarh's Sukma district on Sunday, officials said. According to the officials, the blast took place between Raigudem and Tumalpad area of Sukma. More details are awaited on the blast.

free trade agreement in goods in February, the commerce and industry ministry said Saturday, adding that the fourth round of the negotiations was concluded here this month.

instant fame and money, but such a desire is not sustainable, philanthropist and author Sudha Murty said on Saturday. Addressing an event at a private university here, Murty urged the graduates not to chase instant fame but instead develop a mind of curiosity and learn from mistakes while trying new things ethically and legally.

A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers

India-Asean free trade agreement in goods will be held in February next year, an official statement said on Saturday. The fourth round of the negotiations was concluded here this month.

Naga Chaitanya gears up to marry Sobhita Dhulipala, an April 2024 moment brought Samantha Ruth Prabhu into the limelight for her inspiring approach to sustainable fashion. Known for her elegance and style, Samantha made waves by giving her wedding gown a new life, merging sentimental value with eco-consciousness.

Adani controversy will serve as a marker for India Inc's global aspirations that could run afoul of imperfectly harmonised regulations and variance in law enforcement. Businesses operating within acceptable tolerance levels in individual jurisdictions will have to craft corporate governance standards that clear the highest available threshold. Having a global footprint involves best-in-class innovation, entrepreneurship and governance to gain access to markets and capital.

Competition Commission of India (CCI) Chairperson Ravneet Kaur on Friday hinted that the fair trade regulator is not likely to take cognizance of media reports on the bribery charge against the Adani group to initiate a probe, claiming that the panel takes steps only after some information is filed before it. Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Adani group on Thursday denied the charges of paying bribes to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws. On whether the Adani matter falls under the purview of CCI, Kaur said, «The CCI is governed by the Competition Act… It is meant to promote and sustain competition. If there is any matter which falls in that domain of the Competition Act, then it comes to Competition Commission.»

It outpaced competitors like the Tata Nexon (1,593 units), Mahindra XUV400 (602) and Tata Curvv (1,542 units), with 3,116 units sold. This innovative model separates the vehicle cost from the battery price, allowing buyers to pay battery EMIs based on usage, set at ₹3.5 per km.

Subscribe to enjoy similar stories. As CoP-29 reaches its final phase of talks in Baku, Azerbaijan, the focus on climate finance has intensified, underscoring its importance for developing economies like India. India’s transition to a low-carbon economy is more than just a national challenge; it is a global imperative.

Air India is set to launch a new Basic Maintenance Training Organization (BMTO) in Bengaluru. The new facility, which will offer a comprehensive 2+2-year Aircraft Maintenance Engineering (AME) program, is expected to be operational by mid-2026, the airline announced on Friday. The BMTO will be certified by the Directorate General of Civil Aviation (DGCA), India's aviation regulator. Air India has partnered with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to develop a purpose-built campus covering 86,000 square feet. This campus will feature modern classrooms, well-equipped laboratories, and qualified trainers.

Subscribe to enjoy similar stories. The urgency of climate adaptation has never been more apparent. The recently released Adaptation Gap Report 2024 highlights progress in fulfilling the Glasgow Climate Pact yet underscores glaring inequities.

nasscom foundation, in partnership with LEAD at Krea University, has unveiled a comprehensive report titled “Digital Dividends: Understanding the Use of Social Commerce by Women Entrepreneurs in Rural India.” The study provides a detailed analysis of the challenges and opportunities faced by rural women entrepreneurs (RWEs) in adopting digital tools and leveraging social commerce to expand their enterprises. It also offers actionable recommendations to enable sustainable growth and scalability for these businesses. The report highlights the transformative role of technology in empowering rural women-led ventures, with a focus on key sectors such as agriculture and allied services, handlooms and handicrafts, and manufacturing, processing, and retail.Through a survey of 792 women entrepreneurs aged 15 to 60 years, spanning 24 districts—including 18 aspirational districts—the study examines contemporary factors influencing women entrepreneurs. It provides insights into their socioeconomic backgrounds, digital readiness, financial inclusion, and the extent of their engagement with social commerce platforms. The findings underscore how digital and social commerce technologies can unlock significant opportunities for rural enterprises, driving economic participation and innovation among women in underserved regions.

Tata Power shares are in focus today after the company signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) during the COP29 climate conference in Baku, Azerbaijan. The MoU aims to evaluate financing for several projects, with a total estimated cost of $4.25 billion. The MoU outlines the evaluation of financing for key ongoing projects, such as the 966 MW solar-wind hybrid project, the pumped hydro storage project, and other projects in the pipeline related to energy transition, decarbonization, and battery storage. It also includes ongoing financing for capital expenditures (capex) to strengthen the distribution networks managed by Tata Power.

Three Saskatchewan credit unions are looking at potentially combining their operations to better serve customers and deal with a changing market.

Indian equities have entered correction territory on sustained selling by overseas investors and slowing earnings. Yet, valuations remain stretched relative to trends. External factors such as China's stimulus and US moderating rate cuts have been sold into.

From the beginning, the mood of the 'finance COP' in Azerbaijan has been far from optimistic. In the first week, Adaptation Fund head Mikko Ollikainen spoke about the 'great paradox' at the heart of the latest UNFCCC meet — the urgent calls of world leaders to safeguard vulnerable populations from worsening climate impacts, and the lack of funds to make that a reality. The UN's Adaptation Gap Report 2024: Come Hell and High Water, released on Nov 7, estimates that the adaptation finance gap stands between $187-359 bn a year. Much larger numbers are floating around in Baku. The report stresses another aspect: need to improve the design and modalities of adaptation projects to ensure that projects enhance resilience of vulnerable communities.