Sustainability Financial News

In a London Stock Exchange notice today (14 November), the board said the trust's name will now become BlackRock American Income trust. The directors noted that keeping the term 'sustainable' would require adopting a label under SDR, which would mean amendments to the trust's investment policy and objective would have to be made. Lack of clarity keeps retail investors from getting on board with SDR labels «The board believes the [trust's] current investment philosophy and process, targeting US quality and value stocks and seeking to deliver a superior ESG outcome, remains appropria...

Mahesh Khichi of the Aam Aadmi Party (AAP) was elected as the new mayor of the national capital on Thursday, edging out BJP’s Kishan Lal by a razor-thin margin of just three votes. Khichi, a Dalit candidate, received 133 votes, while Lal secured 130 votes. Two votes were declared invalid during the process. The win marks a major boost for the ruling AAP ahead of the Delhi Assembly elections, scheduled for early next year. Khichi’s victory strengthens the party's position in the city’s political landscape, further consolidating AAP’s control over municipal affairs.

security of the nation. The agricultural sector, which supports over 50% of India’s workforce, is especially vulnerable to land degradation.

Subscribe to enjoy similar stories. IPO activity in India has hit a new peak this calendar year, with the total issue size amounting to ₹1.38 trillion – the highest in a decade, surpassing the previous peak of ₹1.31 trillion in 2021.

Shiprocket Copilot — an AI-powered assistant to help 1 lakh sellers improve their management and expansion of their ecommerce businesses. Designed as a comprehensive virtual assistant for sellers, it handles a wide range of tasks — processing orders, checking COD billing, assisting with queries on international shipping, and a Whatsapp suite to offer precise solutions on the queries raised. According to a recent study by Meta, 94% of MSMEs acknowledge AI's potential to drive significant business growth, with 91% emphasising the need for accessible and affordable AI technologies. Recognising this demand, Shiprocket unveiled this offering to bridge the technology gap in the MSME ecosystem. This AI-driven assistant boasts of enabling small businesses across Bharat to optimise operations, improve productivity and build a more sustainable, self-reliant digital future. It is positioned as a go-to platform for merchants, similar to ChatGPT, helping them solve queries independently and on demand.

Siemens AG is aiming to tap the AI data centres opportunity in India that has created a need for sustainable electrification and cooling solutions, a senior executive said. “Data centres are growing significantly, double-digit around the world,” Peter Koerte, member of the managing board, Chief Technology Officer, and Chief Strategy Officer at Siemens AG told ET. “The good news for us is being an outfitter of data centres, all the electrification comes pretty much from two or three companies. And so, investors would argue that we and Schneider are the ones that stand to benefit the most.”

ED) arrested four persons, including two Bangladeshi nationals, during the last 24 hours in connection with money laundering case and illegal Bangladeshi Infiltration case for facilitating illegal infiltration and human trafficking in India. They all have been arrested in Kolkata and ED is taking transit remand to bring them to Ranchi in Jharkhand. The two Bangladeshi nationals arrested were Rony Mondal and Sameer Chowdhary while two Indian nationals were Pintu Haldar and Pinki Basu Mukherjee in connection with Bangladeshi Infiltration case for facilitating illegal infiltration and human trafficking in India. While Mondal, Chowdhary and Halder were arrested on Tuesday, Basu was arrested on Tuesday.

Trump’s return to the White House, chief economic adviser (CEA) V Anantha Nageswaran said on Wednesday, cautioning against any “kneejerk reaction” to the current bout of stock market volatility. The CEA was in conversation with economist Prachi Mishra at the ET India Ascends event. While capital has flooded into the US markets over the past week in the aftermath of Trump’s victory, “I'm not entirely sure that this will sustain over a very long term,” he said. “Because even before this election happened, US stocks were somewhat elevated in valuation, etc., and the Federal Reserve is cutting interest rates. So I think we can give some time for the financial markets to take a breath….”

The label will be used from early next year, when Schroders will also provide an update to the fund prospectus following the change. Anna O'Donoghue, global head of product development and governance at Schroders, told Investment Week the asset manager is one of the first to adopt the Sustainability Focus label for an equity fund with a «broad standard of sustainability». Schroder BSC Social Impact plans investment policy revamp to adopt SDR label «We firmly believe in the integrity and robustness of our wider sustainable and impact investment approach and are liaising closely with...

Flujo Brand GFRP-Rebars aiming to boost Indian market by Innovative Construction Solutions. The DS Jindal Group, a prominent name in the steel and plastic pipe industry, has entered the Glass Fiber Reinforced Polymer (GFRP) rebar market under its brand, “Flujo". This initiative, spearheaded by Managing Director Sahil Jindal, is poised totransform the Indian construction landscape by offering an advanced, non-corrosive alternative to TMT rebars.

Netflix’s Arcane returns with its Season 2, which resumes the ongoing story of power struggles, personal turmoil and alliances in the League of Legends universe.

Landman, on November 17, 2024. The show will offer a detailed look into the Texas oil industry.

Not so long ago, environmental, social and governance (ESG) jobs were all the rage in banking and finance. In the years after the pandemic, they carried a 20% pay premium and there was talk of a skills gap: in 2020, CFA Institute found that 18% of portfolio manager jobs wanted ESG skills, but that only 1.5% of portfolio managers had them. Buffing a CV with ESG seemed like a no-brainer. 

Swiggy listed at Rs 421, an 8% premium over its issue price of Rs 390 on Wednesday, becoming the latest new-age company to debut on public markets. The stock closed at Rs 455.95 on the NSE,reaching Rs 464 during the day’s session. The past three years have seen significant IPOs from tech companies, the latest being Ola Electric, FirstCry, and Awfis. Here's a snapshot of notable new-age market debuts and Day 1 gains:

PFC has decided not to sanction loans to Shapoorji Pallonji Group as it does not favour takeing «high-end exposure», PFC CMD Parminder Chopra said. The Power Finance Corporation (PFC) chairman and managing director (CMD) Parminder Chopra made the remarks in a post earnings call. «The Board in its wisdom has decided that since it's a new sector for us, so we may not take that high-end exposure,» she said in reply to a question related to sanctioning loan to Shapoorji Pallonji. Shapoorji Pallonji Group is a business conglomerate which specializes in sectors like engineering and construction.

Subscribe to enjoy similar stories. In an increasingly unstable economic environment, ensuring the financial resilience of micro, small, and medium enterprises (MSMEs) is crucial. A robust strategy for passive income can provide the stability needed to support not only personal security but also long-term business growth.

Subscribe to enjoy similar stories. FEW PLACES on Earth are more familiar with the deadly consequences of extreme heat than countries in Africa. Heat kills crops, spoils food and medicines, and makes it impossible to work, study or sleep.

PM Internship Scheme offers a chance to learn and improve skills while working with top firms in India. Internships provide valuable knowledge, practical experience, and professional networks, but do not guarantee employment.

Subscribe to enjoy similar stories. The Indian stock market has been in the global spotlight for what The Economist has called the “largest-ever experiment in participatory capitalism." As share indices hit one peak after another over the past five years, attracting retail interest, India’s investor base has grown explosively. Of the country’s 176 million plus ‘demat’ accounts for equity holdings, a vast majority were opened only in the past five years.

Otis India aims to support this need and urbanisation of India in a way that is smart, sustainable and scalable, says Sebi Joseph, President of Otis India, in an interaction with ET Digital. He adds that Otis also understands the challenges associated with respect to tier-2 and tier-3 cities and creates tailored solutions at scale to meet customer expectations. Edited excerpts: The Economic Times (ET): How is India placed in terms of manufacturing, installation and servicing of elevators and escalators? How have things changed over the years? Sebi Joseph (SJ): It is an exciting time for the elevator and escalator industry in India.

Subscribe to enjoy similar stories. Bengaluru: Anup Jain and Rajeev Suri, former managing partners of Orios Venture Partners, have launched a $75 million fund to back a mix of early and late-stage startups in fintech, climate & sustainability and consumer-driven B2C startups under their new investment vehicle – BlueGreen Ventures. “The fund size can increase up to $100 million including the green shoe option," Jain said in an interview with Mint.