Sustainability Financial News

Bell Canada-owner BCE Inc. was dealt another regulatory blow this week as it reported a loss in its latest quarter and recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.

Northern Arc on Thursday said it has secured USD 65 million from global development banks for maiden climate fund through its fund management arm, Northern Arc Investments IFSC Trust. The climate fund gets commitment of USD 50 million from the United States International Development Finance Corporation (DFC) and USD 15 million from OeEB, the official Development Bank of the Republic of Austria, Northern Arc said in a statement. Located in Gujarat International Finance Tec-City (GIFT City), the climate fund will extend debt financing to growth-stage companies operating in sectors such as commercial, industrial, and residential solar energy, energy efficiency, green buildings and materials, e-mobility, and sustainable agriculture, it said.

Joe Biden's name wasn't on the ballot, but history will likely remember Kamala Harris' resounding defeat as his loss too.

Aadhar Housing Finance (AHFL), the country's largest affordable housing loan company, has gained 47% over its IPO price notwithstanding the range bound movement in the first month after listing in the middle of May. Given the lender's sustained growth momentum in the first half of the current fiscal year and the government's continued thrust on affordable housing, the stock is likely to stay on investors' radar. It has risen by 8% over the past month despite choppiness in the broader market. AHFL, which is owned by BCP Topco, an affiliate of the Blackstone group, had raised Rs 1,000 crore through a fresh issue of shares in May at price of Rs 315 per share to augment its capital base. The promoter stake now stands at 75.9% from 98.7% before the IPO.

simplification of taxes, as well as sustaining the capital investment momentum in the Budget for 2025-26. In a meeting with Revenue Secretary Sanjay Malhotra, CII urged the government to increase the capex by 25 per cent over 2024-25 (BE) with a sharp focus on infrastructure related to rural areas, agriculture, and the social sector.

Northern Arc on Thursday said it has secured USD 65 million from global development banks for maiden climate fund through its fund management arm, Northern Arc Investments IFSC Trust. The climate fund gets commitment of USD 50 million from the United States International Development Finance Corporation (DFC) and USD 15 million from OeEB, the official Development Bank of the Republic of Austria, Northern Arc said in a statement.

BEIJING — China emphasized the need for greater cooperation with the U.S., a day after it became clear President-elect Donald Trump would become the next leader of the White House.

Waaree Energies fell by 6.4% to their day’s low of Rs 3,400.50 even as the company secured an order for supply of modules upto 180 Mwp from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India. The supply of modules is scheduled to commence at the end of November 2024 and complete in Q4 of FY 2025, the company said in an exchange filing.

Govind Mohan, Union Home Secretary, Government of India reviewed the progress of border agreements signed between Assam-Meghalaya and between Assam-Arunachal.

Subscribe to enjoy similar stories. As US Federal Reserve officials deliberate monetary policy, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management measures to ‘fine tune’ the economy. The lesson learnt is that, apart from threats of high inflation at one end and recessions or balance-sheet implosions at the other, it is better to maintain a steady policy rather than react to every data point.

Subscribe to enjoy similar stories. After a year of stellar returns, the Nifty 50’s \momentum appears to be losing steam, with gains tapering off over the past week. Even so, investors seem to be buying the dip, particularly domestic institutional investors.

In a world increasingly focused on holistic wellness, the conversation around sexual health and intimacy is evolving. Gone are the days of relying solely on chemical-based solutions; today, people are turning to natural, plant-based alternatives to enhance not just their sexual health, but their overall well-being. One of the most exciting developments in this space is the rise of aphrodisiacs—natural substances believed to increase sexual desire, improve libido, and foster deeper connections. Leading the charge is ChocolateX, an innovative brand that combines the indulgence of chocolate with powerful, natural aphrodisiac ingredients to create a new wave of intimacy-enhancing wellness products.

polluter pays principle is a widely accepted tenet within broader guidelines for sustainable development. This was reaffirmed by the Supreme Court on Monday when it ordered Agra Nagar Nigam to pay environmental compensation of ₹58.39 cr for polluting the Yamuna with untreated sewage. This isn't the first time a polluter or local government body has faced scrutiny. The National Green Tribunal's (NGT) docket is filled with such cases.

Hero MotoCorp Tuesday said it plans to enter Europe and the United Kingdom, starting with its electric vehicle brand Vida from the second half of 2025, as it looks to consolidate its presence in international markets.

Salesforce’s India arm has hit the $1 billion revenue milestone. The company on Tuesday said that it grew 36% in the year ended March 31, 2024, registering a revenue of ₹9,116.3 crore.

Garuda Aerospace on Tuesday said it has signed a Memorandum of Understanding (MOU) with CYOL, a Sri Lankan provider of of advanced agricultural technology solutions as they both look to expand their operations in Australia, Africa, and Asia.

Subscribe to enjoy similar stories. Hero MotoCorp Ltd and Coal India Ltd are emerging as contenders to be the title sponsor of the revived Hockey India League (HIL), with Hockey India setting its eyes on a sponsorship payout of at least ₹30-75 crore or ₹10-15 crore per year. The league in its 2.0 avatar is looking to ink deals for three-five years from various sponsorship deals, multiple sources familiar with the discussions told Mint.

food inflation. Pralhad V Joshi, minister for consumer affairs, food, public distribution, new and renewable energy, said that this phase-2 of retail sale of subsidized Bharat Atta and Bharat Rice is done to stabilize the high prices of rise and atta in the market and is a temporary market intervention. «The MSP (minimum support price) has also been hiked twice in a year,” he told newspersons. The phase-2 allocation for rice has been around 2,91,738 metric tonnes, and for atta has been 3,69,947 metric tonnes. The distribution in the first phase, between October 2023 to June 2024, was 15.20 lakh tonnes of wheat flour and 14.58 lakh tonnes of rice. The phase-1 rates were Rs 27.5 per kg for wheat flour and Rs 29 per kg for rice.

Pawan Kalyan, Andra Pradesh deputy chief minister and Jana Sena chief, publicly criticised state Home Minister Vangalapudi Anitha on Monday. Kalyan expressed concern over recent crimes against children and the overall law and order situation in the state. Speaking in his constituency, Pithapuram, Kalyan stated that the Home Minister should take responsibility for the current situation. He even suggested that he might take over the Home Ministry if things didn't improve. “I am telling this to Anitha," Kalyan said. «You are the home minister, I am the panchayati raj and forest and environment minister. Discharge your duties well. I can get the home ministry if I want. If the situation remains the same, I will be forced to take a decision. The situation would be different if I became the home minister.»