Sustainability Financial News

urban freight efficiency and cut logistics costs, an official said on Wednesday. Under the Indo-German technical cooperation, Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ's) Green Freight Project supported the relevant state authorities in the preparation of the model CLPs and adopting international best practices. This is crucial for reducing congestion, pollution and logistics costs while improving the overall quality of life in cities. Additional Secretary in the DPIIT Rajeev Singh Thakur said that both Delhi and Karnataka governments have provided support for developing these plans.

Datta Power Infra on Wednesday said it has signed an initial agreement with the Rajasthan government to invest around Rs 5,000 crore in the renewable energy sector. The memorandum of understanding (MoU) was signed between company representatives and officials of the state government in Jaipur, Datta Power Infra said in a statement. Datta Power Infra looks to set up 1,000 MW renewable energy capacity, including solar, wind and hybrid projects. The projects across across Bikaner, Jaisalmer, Barmer, Nagaur, Pratapgarh and Jodhpur districts would generate jobs for 500-750 people, the company said.

Franklin Templeton Mutual Fund has launched the Franklin India Long Duration Fund, an open-ended debt scheme that invests in instruments such that the Macaulay Duration of the portfolio is greater than seven years. The New Fund Offer (NFO) for the scheme is open for subscription and will close on December 4. The investment objective of the scheme is to generate returns by investing in debt and money market instruments, ensuring the Macaulay duration of the portfolio exceeds seven years.

architecture is definitely a great option. It is especially good for those who have a knack for brewing ideas, engaging in deep analysis and solving problems. Using these skills, the learnings from this degree can help you build spaces that are functional, aesthetically pleasing, and sustainable in the long run. But not every architecture graduate has to become an architect. There’s a lot more to this field than meets the eye. Wondering what other roles you can grab to build a successful career by leveraging this degree course? Here are 5 career paths: 1. Architectural Designer: As a customer, I’m sure a lot of times you must have conveyed your vision to a designer so that they can build what is required with utmost precision. This is what the role of an architectural designer is. They have to bring the client’s vision to life while making sure that they are safe and functional. To ace this role, knowledge of CAD software, an eye for visually compelling structures, knowledge of local and national building codes and regulations to ensure that the designs are legally compliant, and the ability to use 3D modelling tools are some of the key skills to acquire. With experience, individuals can climb to senior designer positions, and gain specialisation in areas like heritage renovation, urban designing, and sustainable designing to command higher salaries.

ProcMart, an online B2B e-commerce marketplace, is expanding into biofuels and sustainable packaging. Anish Popli, Founder and CEO of ProcMart, said that 90% of the company’s clients are Fortune 500 companies. “These clients put a lot of weightage on sustainability. Their procurement managers come to us looking for a sustainable supply chain. After discussions with them, we have realised we can help these large organisations in biofuels and packaging,” he said. Sustainable packaging is one way to reduce carbon emissions, and ProcMart can contribute to this as it is also into packing and shipping items. ProcMart, being a marketplace for commodities, has added biofuel in its products. It has started procuring biofuels for clients. Popli says more clients are asking for biofuels.

Rajnath Singh on Tuesday called for making the process of capability development of the Indian Air Force more efficient and effective. In an address at a conference of top commanders of the IAF, Singh commended the force for its dedication and professionalism in safeguarding the nation's sovereignty. He expressed confidence in the IAF's ability to adapt to evolving challenges and exhorted commanders and senior officials of the defence ministry to look at means to make the process of capability and capacity building more efficient and effective in line with India's national aims and aspirations, according to an official readout. The IAF commanders reviewed the national security challenges, especially the situation along the Line of Actual Control (LAC) with China.

Indian Hotels Company (IHCL) has unveiled its new ACCELERATE 2030 strategy under which it plans to expand its current portfolio of 350 hotels to over 700 by 2030, besides reaching an enterprise revenue mark of over Rs 30,000 crore from Rs 13,000 crore currently. Under the strategy, IHCL aims to take its number of operational hotels to 500 plus in 2030 from 232 currently, and is targeting consolidated revenues of over Rs 15,000 crore in 2030 from Rs 7,000 crore currently. It aims to take the ROCE (return on capital employed) ratio to 20% in 2030 from 15% currently, and wants to sustain its net cash positive position going forward. “Our vision is to be the most valued, responsible and profitable hospitality ecosystem. So the revenues should double, the portfolio should double. The ROCE should go to 20% plus, and the NPS stays at 70 plus,” said IHCL MD and CEO Puneet Chhatwal on Tuesday, while unveiling the new strategy.

Spain's new immigration rules will allow for the regularisation of some 300,000 undocumented migrants per year over the next three years as the country seeks to expand its labour force, Migration Minister Elma Saiz told reporters on Tuesday. Unlike many of its European peers — such as Italy — Spain, led by a leftist minority coalition government, has been largely receptive to migrants. «Spain has to opt between being an open, prosperous country or being a closed and poor one, and we have chosen the former,» Saiz said, adding that the nation needs around 250,000 to 300,000 foreign workers a year «to sustain (its) welfare state».

demand and fading margin tailwinds. Earnings were downgraded by 3% for FY25, reflecting broader market struggles. The corporate earnings outlook for H2FY25 hinges on government spending and rural demand recovery, but sustaining growth will require stronger sectoral performance, Nuvama Research noted. A 2% cut in Nifty's FY25 EPS estimate to Rs 1,057 further underscored the challenges, the brokerage said.

electric two-wheelers are becoming a common sight. Once seen as a luxury for a few, electric two-wheelers are now accessible to everyday commuters and gig economy workers alike, thanks to government subsidies that are transforming EVs into a viable option for all. The PM E-Drive scheme is at the forefront of this movement, providing essential support that makes two-wheeler EVs more affordable for gig workers, delivery fleets, and individuals.

AMPIN Energy Transition on Tuesday said it has partnered with Copenhagen Infrastructure Partners (CIP) for joint equity investment of USD 300 million to set up renewable energy projects across India. The new collaboration follows the existing partnership that AMPIN and CIP entered in 2021 to enable joint equity investments of initially USD 200 million in renewable energy projects in India, a company statement said. «This new partnership along with the existing one is creating a USD 2.7 to 3 billion renewable energy asset base in India,» it said. Pinaki Bhattacharyya, Founder, MD and CEO of AMPIN Energy Transition said, «This deepened partnership not only strengthens our ability to expand our impact and accelerating India's renewable energy transition but it also reinforces our shared commitment to driving innovation and sustainable value creation.»

Subscribe to enjoy similar stories. City gas distributors Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) have suffered two consecutive blows in a month. The government has reduced the supply of cheaper natural gas by 20% for IGL and 18% for MGL, effective 16 November.

Delhi, Noida, Gurgaon and other tier 2 cities in North India such as Lucknow, Jaipur and Chandigarh are reaching out to consumers with details of what they are doing to keep the AQI at the safe level. Operators said that though there is a dip in footfall, shoppers are still preferring mall over high streets in these cities. “There is a dip in footfall as people are preferring to stay indoor in deteriorating air quality. However, serious shopper, have move to mall from high-street as they know mall maintain a certain level of air quality and it’s safer indoor than outdoor,” said HarshVardhan Bansal, cofounder of Unity Group, which operates half a dozen malls in Delhi and Punjab.

Forex traders said, however, sustained outflow of foreign funds and an upward movement in crude oil prices put pressure on the local unit and capped its sharp gain. At the interbank foreign exchange, the rupee opened at 84.39 and slipped further to 84.40 against the greenback, trading 2 paise higher from its previous close.

G20 Summit in Brazil on Monday and Tuesday will bring leaders of all major economies together once again. The task before them is cut out. Prime Minister Narendra Modi is representing India for a record eleventh successive time. Such continuity is an advantage in a world of turmoil...when there is a deficit of global governance. Nothing is more powerful than the force of example. Since the first G20 Summit in 2008, and particularly since 2014, India has been a source of economic stability and growth. India, the fastest growing large economy, has quadrupled its GDP to almost $4 trillion since 2008. It is on track to become the third-largest economy in the next few years.

NCP (SP) leader Anil Deshmukh was seriously injured after stones were hurled at his car in Nagpur district on Monday night, police said. The incident occurred around 8 pm when Deshmukh was returning to Katol after attending a meeting in Narkhed village. Some unidentified persons threw stones at Deshmukh's car near Belphata on the Jalalkheda Road near Katol. Deshmukh, who sustained injuries during the attack, was immediately rushed to the Katol Civil Hospital, police said. Nagpur Rural Superintendent of Police, Harssh Poddar, confirmed the incident. He said senior officers were rushed to the spot.

Adani Group will invest about USD 35 billion over the next five years to set up large-scale solar, wind and hybrid plants across different parts of the country, Adani Green Energy Executive Director Sagar Adani said on Monday. Adani Group is making one of the largest greenfield investments in energy sustainability and transition in the world, he added. «We have embarked upon what I would say (is the largest greenfield development in the field of renewables by any company anywhere in the world. So, we're investing about USD 35 billion over the next five years to set up large-scale solar, wind and hybrid plants across different parts of the country,» Adani said at a CEO panel discussion on 'Role of young leaders for Viksit Bharat@2047' at an SBI-hosted economic conclave here. The company is setting up a 30,000-megawatt single-location renewable energy plant in Khavda in Gujarat.

TORONTO — Manulife Financial Corp. says chief executive Roy Gori will retire in May and be replaced by Phil Witherington, who is currently serving as chief executive of Manulife Asia.

Chief Minister Siddaramaiah told the media in Bengaluru that the government was examining registering a case against the ruling coalition in Maharashtra for running an ad campaign calling the state’s guarantee schemes as fake. Siddaramaiah listed out the programmes the state’s Congress regime came up with and said people cutting across communities and religions had benefited from them. The government, he added, was spending Rs 56,000 crore a year on them, while wondering why the BJP was not implementing the same in states it was in power.

COCOMI on Monday locked the front doors of several government offices in Imphal West district to protest the recent killing of three women and three children in Jiribam, officials said. Coordinating Committee on Manipur Integrity (COCOMI) is an influential organisation of the Meitei community, the majority ethnic group in the Imphal Valley region that comprises five districts including Imphal West. The Manipur government on Monday also extended the suspension of internet services by two more days till Wednesday in seven districts of the northeastern state. Raising slogans demanding justice for the victims and their families killed by suspected tribal militants in Jiribam district, the protesters stormed into the office complex of the Chief Electoral Officer at Lamphelpat and locked its main entrance door with chains and locks, officials said.

staggered working hours and air purifiers in all office buildings to mitigate the health impact of the severe pollution levels. In a letter to the Secretary of the Department of Personnel and Training (DoPT), the association said that poor air quality has also had a noticeable effect on workplace productivity with employees experiencing symptoms such as respiratory issues, eye irritation, fatigue and general discomfort. «It has become imperative to take urgent measures to ensure the well-being of all, particularly those engaged in government services,» said the letter by the CSS Forum.