Sustainability Financial News

03.11 / 07:31

markets COST Sustainability awards Experts reports Schools Govt infuses Rs 1,650 cr in RINL to keep it as a going concern

financial issues, according to an official document. The government is also taking various measures to keep RINL as a going concern, the Ministry of Steel said in a note. «In this regard, the Government of India has infused Rs 500 crore towards equity on September 19, 2024, and a working capital loan of Rs 1,140 crore on September 27, 2024,» according to the document. It also said that SBICAPS, a wholly-owned subsidiary of the State Bank of India (SBI), is preparing a report on the sustainability of RINL.

03.11 / 07:31

FIVE Ball Strategy Sustainability testing recommendations bowling Ind vs NZ: Rishabh Pant's half century keeps India in the hunt as New Zealand runs through top order

Rishabh Pant on Sunday scored an unbeaten 53 as he saw India to 92-6 at lunch on Day 3 in their chase of 147 in Mumbai. The Test match is perfectly balanced, with India needing 55 more runs and New Zealand four wickets as the game to register a 3-0 clean sweep. Pant and fellow left-hander Washington Sundar, on six, were batting at the break.

03.11 / 06:45

Booking Action Strategy Sustainability Election travelers patient Union Minister Suresh Gopi booked for 'misusing' ambulance on Thrissur Pooram day

Suresh Gopi and two others for «misusing» an ambulance during the Thrissur Pooram festivities in April this year, police said on Sunday. The Thrissur East Police on Sunday registered an FIR against the Union Minister of State for Petroleum, Natural Gas and Tourism, Abhijith Nair and an ambulance driver in this regard. Sections 279 (rash driving or riding on a public way) and 34 (acts done by several persons in furtherance of common intention) of the IPC and sections 179, 184, 188 and 192 of Motor Vehicles Act were imposed against them, police said. The case was registered following a complaint filed by K P Sumesh, a local CPI leader, seeking legal action against Gopi for allegedly misusing an ambulance to reach the Pooram venue flouting police restrictions.

02.11 / 08:23

markets Target Digital Sustainability awards reports India's opimistic robust FY25 growth aim will hinge on these factors

GDP growth projections for FY25 depend on strong government investment and effective inflation control for India to reach over 7 per cent growth, according to Ernst & Young (EY) report. Recent reports indicate a mixed outlook, with the Reserve Bank of India (RBI) maintaining a cautious stance on monetary policy amid rising inflation. In September 2024, the Consumer Price Index (CPI) inflation was recorded at 5.5 per cent, pushing the average inflation for the second quarter of FY24 to 4.2 per cent, slightly above the RBI's expected target of 4.1 per cent.

02.11 / 07:19

markets Digital Strategy Sustainability President country International India committed to Sendai Framework for disaster risk reduction: Principal secretary to PM

P K Mishra has affirmed India's commitment to the Sendai Framework for disaster risk reduction and called for increased international collaboration on knowledge sharing, technology transfer and sustainable development to enhance disaster resilience globally. Mishra said this while participating in the G-20 Disaster Risk Reduction Working Group (DRRWG) ministerial meeting in Belem, Brazil, according to an official release. He led a high-level Indian delegation which took part in the meeting held from October 30 to November 1. With the active participation of the Indian delegation, a consensus was arrived at on finalising the first ministerial declaration on Disaster Risk Reduction (DRR), the release issued by the Union Ministry of Home Affairs said.

02.11 / 04:45

markets Strategy Sustainability Election Experts Celebrity NCP-SCP chief Sharad Pawar greets people on occasion of Diwali Padwa at his residence in Baramati

Nationalist Congress Party (SCP) chief Sharad Pawar on Saturday greeted people at his residence on the occasion of Diwali Padwa in Baramati, Maharashtra. The party workers were seen seeking blessing from the Nationalist Congress Party (SCP) chief. Diwali Padwa, also known as Bali Puja or Bali Pratipada, is celebrated on the first day of Kartik Pratipada, which follows Diwali Puja.

02.11 / 04:45

markets Manufacturing economy Sustainability Trade Experts innovations Planning to spot wealth creators in chemical space? PI Industries, Atul could give over 20% return each

petrochemical industry is charting a path towards becoming a global powerhouse, integral to the nation’s economic vision of a USD32 trillion economy. This ambitious journey hinges on a dynamic chemical sector, with manufacturing output projected to increase by an extraordinary 50 times, reaching USD6 trillion. This growth will be driven by strategic partnerships, investments in sustainable practices, and innovation across the chemical value chain.

02.11 / 02:23

Landmark Sustainability Food Trade President 2020 Investigations Brazilian state law overturns soy moratorium that helped curb Amazon deforestation

In 2006, environmental nonprofits and some of the world’s largest soybean traders came together in a landmark “soy moratorium” to stop the sale of soy grown on illegally deforested land in Brazil's Amazon

02.11 / 00:37

markets COST UPS Aviat Airlines Sustainability Destiny Rakesh Gangwal: the airline industry disciplinarian behind IndiGo’s success

Subscribe to enjoy similar stories. A market share of 50% in a highly competitive industry is a rarity. Of all the major Indian companies, only two, Asian Paints and IndiGo, have managed that consistently.

01.11 / 18:39

Strategy Sustainability Morningstar Legal & General closes Future World Sustainable Global Equity Focus fund

The fund launched back in December 2021 and held £21.9m in assets, was closed on 30 September. According to data from Morningstar, the fund held £35.7m in assets at its peak in March 2024. «Following a review of the fund, a decision was taken that an orderly closure was in the best interests of our investors,» a spokesperson told Investment Week. «We are committed to treating customers fairly and the remaining proceeds are being returned to the minimal number of investors impacted.» Ninety One shuts Global Macro Alternative fund The strategy, which invested in global equities w...

01.11 / 14:31

markets Digital Google Sustainability Election Experts Department Election Commission accepts Jharkhand government proposal to appoint Alka Tiwari as chief secretary

Election Commission on Friday accepted the Jharkhand government's proposal to appoint Alka Tiwari as the chief secretary of the poll-bound state. Assembly polls in Jharkhand will be held in two phases — November 13 and November 20. Tiwari, who is from the 1988 batch, is currently the senior-most IAS officer in the cadre. Before this, the poll panel had also consented to the proposal of a five-month extension of the tenure of former chief secretary Lalbiaktluanga Khiangte, the sources said.

01.11 / 14:31

markets Digital Google Sustainability awards Research Experts Lenders to Vizag Steel form consortium for uniform debt resolution

RINL) have formed a consortium to prepare a uniform debt resolution plan for the government-owned Navratna company that has been under financial stress due to working at one third of its capacity. RINL is the corporate entity of Vizag Steel. State Bank of India (SBI), which is its largest lender with about Rs 6,400 crore of fund exposure, has led the formation of the consortium, a person familiar with the matter said.

01.11 / 12:37

markets Target economy Sustainability War country reports Jack Mintz: Canada isn’t broken but it is badly mismanaged

Pierre Poilievre says Canada is broken. Polls say 70 per cent of Canadians agree. But what does that claim really mean?

01.11 / 12:33

UPS Provident Sustainability Charity Healthcare Freedom Do DINK and SINK families need succession planning?

MUMBAI: Succession planning for DINKs and SINKs—relevant?

01.11 / 12:27

markets Apple Sustainability Research country reports Apple marks record India, global quarterly revenues, driven by iPhone sales

Subscribe to enjoy similar stories. New Delhi: Apple on Friday logged an estimated $3.75-4 billion in India revenue in July-September, its highest quarterly sales in the country and the 10th straight three-month period when the iPhone maker's quarterly revenue has been higher year-on-year in the world's fifth-largest economy. In July-September of 2023, Apple's India revenue was estimated at $2.5 billion.

01.11 / 12:01

markets Provident Google Sustainability Election social Schools Upcoming election is for saving 'Sanatan' in Jharkhand: Himanta

Himanta Biswa Sarma on Friday said that the upcoming assembly election in Jharkhand was for saving 'Sanatan' in the state. He claimed that the Hindu population in Jharkhand's Santhal Pargana region has declined from 90 per cent in 1951 to 67 per cent in 2011. Sarma, also the BJP's Jharkhand election co-incharge, was addressing an election rally in Deoghar district in favour of BJP nominee Randhir Singh, who filed his nomination from Sarath assembly constituency. «The election this time is not for JMM or Congress but for saving the Sanatan in Jharkhand,» he said.

01.11 / 12:01

markets Sustainability Death Schools Features Videos Not a big fan of the house: Rahul Gandhi on 10, Janpath

Rahul Gandhi, who has spent a lot of time at the 10, Janpath bungalow in Lutyens' Delhi, says he is «not a big fan» of the house. The reason is that his father and former prime minister Rajiv Gandhi was living in the 10, Janpath house when he was assassinated in Tamil Nadu's Sriperumbudur on May 21, 1991. «My father died (while he was living) here, so I am not a big fan of this house,» Gandhi tells his nephew Raihan Rajiv Vadra, while working with paint jobs workers at the 10, Janpath residence ahead of Diwali. The conversation is recorded as part of a Diwali video that Gandhi released on Friday in which he interacts with paint job workers and potters. The video also features Vadra with whom Gandhi is in conversation.

01.11 / 10:09

markets Digital Sustainability Experts Schools Saturday bank holiday: Is it a bank holiday this Saturday, November 2, 2024? Check state-wise bank holiday list

01.11 / 09:21

markets Digital security Sustainability Experts PAM social Gurgaon’s luxury vs. NYC’s skyline: What $3 million gets you in the global real estate scene

real estate prices between India and the United States. Ahluwalia shared a side-by-side comparison, asking followers, “Which $3M apartment would you prefer?” This question sparked considerable debate about the perceived overpricing of real estate in India, leading many to question the market dynamics. In Gurgaon, an investment of approximately ₹26.8 crore (around $3 million) can secure a 4BHK or 5BHK apartment in a prestigious residential society. Listings from 99 Acres show that this amount affords a property exceeding 5,000 square feet, equipped with amenities like a swimming pool, covered parking, a gym, a spa, and access to green spaces. While this offers a luxurious lifestyle, it is strikingly different from what the same sum can purchase in New York.

01.11 / 04:07

markets Digital Sustainability Experts PAM reports Delhi records over 300 fire-related incidents on Diwali

Delhi Fire Service (DFS) received over 300 calls reporting fire-related incidents on Diwali, though no life-threatening cases were reported, an official said on Friday. Speaking to ANI, Delhi Fire Services Director Atul Garg said that between midnight and 6 am, approximately 158 fire-related incidents cases were reported. «There were no major calls but we received many. From 5 pm yesterday until midnight, around 192 calls were logged, and between midnight till 6 am around 158 more were reported. From 5 PM to 5 AM, in just 12 hours the 300 mark was crossed,» Atul Garg said.

31.10 / 15:31

Sustainability IMF backs Rachel Reeves' 'sustainable' £40bn tax hikes

A spokesperson for the UN agency said: «We welcome the Budget's focus on boosting growth through a needed increase in public investment while addressing urgent pressures on public services. The IMF added that it „support[s] the envisaged reduction in the deficit over the medium term, including by sustainably raising revenue“. The agency added that the reforms to strengthen the fiscal framework include „shortening the horizon of fiscal rules, conducting regular spending reviews, moving to one fiscal event a year and enhancing the role of the OBR“. Autumn Budget 24: Government to r...

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