Sustainability Financial News

Garuda Aerospace has signed an initial pact with agri-tech solutions provider CYOL to launch its operations in Sri Lanka, a statement said on Tuesday. This agreement marks a major milestone in both companies' growth as they expand their operations into Australia, Africa, and Asia, Garuda Aerospace said in the statement. Garuda Aerospace will collaborate with CYOL to deliver solutions for farming and technology integration, the statement said. As part of this partnership, Garuda Aerospace has officially launched its operations in Sri Lanka, further solidifying its presence in South Asia, it stated. Garuda Aerospace offers its drone solutions for various areas such as agriculture, surveillance, mapping, thermography, videography, and defence anti-drone systems,

Rohit Kapoor said the company as a whole is «very well positioned» and is looking at an organic growth trajectory for its quick commerce business Instamart. The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will open for public subscription on November 6 and conclude on November 8. In an interview to PTI, Kapoor said Swiggy is «not very acquisitive in nature» but is open to pursuing inorganic growth through acquisitions for the quick commerce arm Instamart if something exciting comes along. «We are not averse to acquisitions but it has to make immense sense for us and it cannot be only for the purpose of adding revenues. It has to be for certain competencies and benefits. Right now, I think we feel very well positioned, we have the business, we have the technology and we have the people so unless and until something very very exciting comes along the way the likely scenario for Instamart is going to be more organic growth and investments,» Kapoor said.

Sensex tanked nearly 942 points to settle at a three-month low while Nifty crashed below 24,000 on Monday dragged down by heavy selling in Reliance Industries and banking shares. Stocks that were in focus include names like IRCTC, which fell 2.01%, IRFC, which was down 3.26%, and Raymond, whose shares jumped nearly 2% on Monday.

Narendra Modi has issued a social media post condemning what Canadian law enforcement call demonstrations under investigation for alleged “acts of unlawfulness” that first began outside a Hindu temple in Ontario on Sunday.According to Peel Regional Police on Monday morning, three people were arrested and charged over the incident with other alleged acts still under investigation.pic.twitter.com/YqbSU3YAki— Peel Regional Police (@PeelPolice) November 4, 2024 On Sunday, just after 2:30 p.m., Peel Regional Police said they were aware of a protest that occurred at a temple in Brampton, Ont., and urged the public to ensure a “peaceful and lawful protest,” noting it had an increased and visible presence to monitor activities.About a half hour before the police’s post on X about the protest, Liberal cabinet minister Anita Anand said she was “concerned about reports of unacceptable violent attacks at the Hindu Sabha Temple in Brampton.”Video circulating on X appeared to show people using flagpoles to strike others.According to police, investigators believed the same protesters who demonstrated outside the temple later relocated to two separate locations in Mississauga, Ont.One arrest that occurred Sunday “during the management of the protest” in the Westwood Mall area of Mississauga resulted in a police officer sustaining minor injuries, Peel police said.The Hindu Canadian Foundation alleged the “attack” is “happening under the support of Khalistaani politician sympathizers.”In his post, Modi alleged there were “cowardly attempts to intimidate our diplomats.”“Such acts of violence will never weaken India’s resolve,” Modi wrote on X.

business, banks are setting up a high-level committee to escalate the issue with the government and other stakeholders, said people familiar with the matter. Banks are particularly concerned at the two-year window proposed for compliance, which they feel is very short as many of their subsidiaries are listed. In a meeting held last month, banks decided to form the committee for engaging on the issue, the people said. The Reserve Bank of India, or RBI, has sought feedback on its draft circular, Forms of Business and Prudential Regulation for Investments, by November 20.

NCLAT), on Monday, reserved its order in Jaiprakash Associates Ltd's (JAL) appeal against NCLT's order of admitting it into insolvency. National Company Law Tribunal (NCLT) Allahabad passed an insolvency admission order earlier this year on ICICI bank's plea, holding the construction and infrastructure company to have defaulted on payments amounting to ₹1269 crore. JAL has argued that its total debt was restructured under the master restructuring agreement (MRA), and the default date mentioned by the lenders goes before the MRA, which is bad in law.

Arcane Season 2 Part 1 on November 9, 2024. The last episode will be available on November 23, 2024.

Subscribe to enjoy similar stories. Dwindling footfalls in recent years, in part due to steep ticket prices, have prompted theatre chains to announce a string of Cinema Day-like occasions to lure audiences with tickets priced as low as ₹99. Initiatives like this may have spurred a jump in footfalls on those special days, but such one-off occasions may not be enough for theatre chains to sustain demand, experts said.

JSW MG Motor India on Monday said it has formed a strategic partnership with HSBC India, which will provide access to comprehensive and tailor-made financing solutions at competitive terms to the car maker's dealer partners. Leveraging HSBC India's expertise will provide easy access to working capital for the company's dealer network, JSW MG Motor India said. With varied and customised financing options on offer, the partnership with HSBC India will enhance operational efficiency, promote business sustainability, and foster long-term growth opportunities for the dealer partners, the company said.

Aptech, a pioneer in the non-formal vocational training business in the country, has appointed Atul Jain its new Managing Director and Chief Executive Officer. In his capacity as MD & CEO, Jain will spearhead Aptech’s strategic vision, driving sustainable business growth while fostering innovation and adapting to an ever-evolving market landscape. He will play a pivotal role in shaping the company’s brand and outreach strategies, and work closely with the Board of Directors to oversee the alignment of Aptech’s operations with its mission and values. «Leading Aptech at this critical juncture is both a privilege and a great responsibility, » Jain said in a statement. «My focus will be on empowering our teams, fostering collaboration, and leading the charge towards operational excellence.»

IIFL Finance's ratings with a stable outlook, saying that after the lifting of the ban on new gold-backed lending imposed by the Reserve Bank of India (RBI), the firm's franchise will gradually stabilise. The RBI in September, had lifted regulatory restrictions it had imposed in March on IIFL Finance's gold-backed lending business. Fitch Ratings has affirmed India-based IIFL Finance Ltd's long-term issuer default rating (IDR) and medium-term note programme rating at 'B+', and removed the ratings from 'Rating Watch Negative'. The outlook on the IDR is stable.

Federal Reserve officials prepare for the start on Wednesday of their two-day policy meeting, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management policy measures to «fine tune” the economy. The lesson learned on more than one occasion is that — apart from threats of high inflation at the one end and recessions or balance sheet implosions at the other end — it is better to maintain a steady policy steer rather than react to every data point. The time has come for the Fed to internalize, albeit belatedly, this lesson. Policymakers grew increasingly confident at the end of the 20th century that fiscal and monetary policies could be used to deliver a “great moderation.” Some went as far as to suggest that they had “conquered the business cycle.” At the root of this overconfidence in “fine tuning” the economy — something that had also occurred a couple of decades earlier — was a misunderstanding of John Maynard Keynes’s innovative insights into the workings of the demand side of the economy, which was best summarized in his 1936 “The General Theory of Employment, Interest Rates and Money.” It was a policymaking phenomenon that, once again, had gone too far, oversimplifying Keynes’ critical insights. And it was one that was again blown apart by a series of disruptive events, quite a few of which were caused by a lack of humility.

Dividend vs growth Investing in mutual funds allows investors to direct their savings to opportunities that match their risk profile and financial goals. Mutual funds typically offer two options for investing: dividend and growth.

BSE 500 index has gained 34.5% during this period, partly riding on the continued strength exhibited by the domestic economy and a healthy earnings footprint of India Inc. The market has powered on amid intermittent hiccups, including rising geopolitical tensions, concerns over global recession and a slowdown in China. Mid and small caps, as well as PSU stocks, have put on a show, as Indian stocks have continued to outperform global peers. Stocks fund managers are betting on Domestic equity fund managers, leaning on wisdom gained from previous market cycles, have tempered their excitement. These market mavens have raised vigilance, pulling various risk levers to build portfolios capable of showing better resilience in preparation for tougher roads lying ahead. In this eleventh edition of Most Wanted Stocks, we have zeroed in on a basket of stocks that have been consistently favoured by mutual fund managers. These six stocks have seen a gradual rise in mutual fund holding for four consecutive quarters since September 2023.

The ministry has formed sub-groups to address specific areas like political intervention, administrative reforms and financial resources, they said. The five-member Sixteenth Finance Commission, chaired by former Niti Aayog vice chairman Arvind Panagariya, was constituted on December 31, 2023, and is expected to finalise its recommendations by October 2025. Its recommendations will be valid for five years from 2026-27 to 2031-32.

Liquor sales in some states got a festive spark in October, with bottles flying off the shelves amid Durga Puja and the run-up to Diwali, shaking off the blues of a muted July-September. Companies expect the spirited recovery not to be limited to the festive season, but continue for the rest of this quarter, with the wedding season setting in and Christmas-New Year holidays ahead. “We see demand picking up due to warmer-than-usual weather,” said Ankur Jain, chief executive and founder of B9 Beverages, maker of Bira beer. “Specifically, premium beer has made inroads into gifting. We expect festive season momentum will continue into November and December.”

Housing experts who have long promoted moving new home construction from suburbs to urban centres are calling for a similar approach to policy, saying several ideas currently percolating on the fringes of society in Canada have proven successful elsewhere and deserve a more central place in the national conversation.

IPOs) and qualified institutional buying (QIB). FPIs invested net $ 10,275.5 million in the first 10 months of 2024 in the primary market. In the secondary market, they sold equities worth $ 13,556.9 million (Rs 1.1 lakh crore) in October, the highest ever monthly outflow, surpassing the $ 8,126.8 million worth of selling in March 2020. Rising attractiveness of Chinese equities amid economic impetus by the local government has lured FPIs away from Indian equities.

From classic nylon collars to luxurious leather options, and from personalised designs to high-visibility reflective collars, there’s something for every dog. In this article, we’ll explore the top dog collars on the market, highlighting their unique features, and benefits, when selecting the perfect collar for your beloved companion. Join us as we help you make an informed choice that keeps your pet stylish and secure!

Subscribe to enjoy similar stories. India’s 2020-21 Economic Survey had observed, “Never in the history of sovereign credit ratings has the fifth largest economy in the world been rated as the lowest rung of the investment grade (BBB-/Baa3). Reflecting the economic size and thereby the ability to repay debt, the fifth largest economy has been predominantly rated AAA.