Sustainability Financial News

Subscribe to enjoy similar stories. DLF Ltd’s pre-sales or booking momentum dwindled in the September quarter (Q2FY25) thanks to muted sales of existing projects in a seasonally lean quarter and no new project launches due to delayed approvals. The realty company’s pre-sales fell 69% year-on-year and 89% sequentially to a 17-quarter low of ₹692 crore.

Ambuja Cements on Monday reported a standalone net profit of Rs 501 crore in the second quarter ended September 2024, which is a fall of 22% year-on-year (YoY) from Rs 644 crore reported in the previous year quarter. Revenue from operations, meanwhile, increased 6% YoY to Rs 4,213 crore in the July-September 2024 period, compared with Rs 3,970 crore in the last year period.

Nobel Peace Prize laureate Narges Mohammadi to be hospitalized after almost nine weeks of feeling sick, a group campaigning for the activist said Sunday. The Free Narges Coalition said in a statement that Mohammadi must be granted a medical furlough to receive comprehensive treatment for multiple conditions. It said that just transferring her to the hospital will not address the severe health issues caused by months of neglect and deprivation. Mohammadi is being held at Iran's notorious Evin Prison, which houses political prisoners and those with Western ties. She already had been serving a 30-month sentence, to which 15 more months were added in January.

Congress party and Maha Vikas Aghadi, stating that their «boat has sunk» and asserted that the Mahayuti alliance would return to power in the state. Speaking to ANI, Shaina NC said, «This is the same Congress who keeps commenting on Shiv Sena, Sanjay Raut, they exchange candidates, change names. This boat has sunk. The Mahayuti government will come back to power on November 23.» The BJP leader also reacted to Shiv Sena's (UBT) Aaditya Thackeray's criticism of Union Minister Ashwini Vaishnaw over the Bandra stampede.

Reserve Bank of India’s upbeat growth estimates for the world’s fastest-growing major economy is causing both confusion and concern among economists. The central bank has stuck to its forecast that India’s economy will expand 7.2% in the year ending March 2025 despite recent evidence showing activity is starting to taper off. The RBI’s outlook is far more optimistic than the 6.5%-7% growth projected by Prime Minister Narendra Modi’s government. Investment banks like Goldman Sachs Corp. have already downgraded growth projections to as low as 6.5%. The RBI’s bullishness is underpinned by its view that rural spending is improving and private investment is picking up. Economists, though, point to sluggish urban consumption and weakening exports as a worry. If those warning signals aren’t heeded in time, the RBI runs the risk of keeping monetary policy too tight, undermining growth further, they say.

Pedro Sanchez will begin a three-day official visit to India on Sunday-the first by a Spanish head of government in 18 years-which officials said will focus on defence industry partnership and cooperation in infrastructure and the Mediterranean region. Sanchez will land in Vadodara within 24 hours of German chancellor Olaf Scholz's departure from India, making it a back-to-back meeting with two European heads of government for Prime Minister Narendra Modi. In Vadodara, Sanchez and Modi will inaugurate the Tata Advanced Systems Ltd's (TASL's) final assembly line facility for the C295 aircraft on Monday, according to officials.

Vikash Yadav in a case of alleged kidnapping, extortion and attempt to murder filed by a Delhi businessman is likely to commence soon. Yadav is also wanted by the US Federal Bureau of Investigation that has accused him of plotting an unsuccessful attempt to murder Sikh separatist Gurpatwant Singh Pannun. People in the know of the Delhi case said proceedings under Section 207 of the Code of Criminal Procedure, which mandates supplying to the accused a copy of certain documents relied upon by the prosecution, were nearing completion.

a crash in the area of 132nd Avenue and 82nd Street at 4:39 p.m. on Sunday. Investigators believe a man was driving a car west on 132nd Avenue at a high speed it went through a red light and hit another car that was being driven by Delaney’s friend.

India’s ambition to double its economy to $7 trillion by 2030 hinges on a broad strategy that includes reforms, infrastructure development, investment in human capital, a focus on innovation, and consistent investment in key growth sectors such as manufacturing, exports, and agriculture. Achieving this target requires collaboration between government, civil society, and the private sector. In this background, Public Affairs Forum of India ( PAFI ) 11th Annual Forum was convened last month in New Delhi with three specific aims: to define required policies, understand crucial partnerships, and identify immediate priorities. The sessions pointed to multiple learnings for advancing India’s ambition for sustainable and inclusive growth. Here are 11 key points that emerged at the Forum.

foreign investors, leading to market declines. The Nifty and Sensex dropped by 2.7% and 2.2%, while mid and small-cap stocks took a harder hit, falling 5.2% and 7.4%. Overall, main indices have slipped around 8% from recent highs. Market experts believe that persistent foreign selling and limited domestic triggers may continue to weigh on market sentiment in the near term.

Mumbai Police in a joint operation with Punjab Police has apprehended Sujeet Sushil Singh, a resident of Mumbai, wanted in the high profile murder of Baba Siddique. «Sujeet was involved in the murder conspiracy and was informed about the plan to kill Baba Siddique three days in advance by Nitin Gautan Sapre-another accused. He also provided logistical assistance,» DGP Punjab police Gaurav Yadav said on Saturday in a post on X. Singh has been handed over to Mumbai Police for further investigation, the Punjab DGP said.

NIA sources said. According to NIA sources, the Canadian government asked for the reason for NIA behind its request to seek the death certificate of Nijjar. Nijjar was shot and killed outside a Gurdwara in Surrey in June last year.

Chinese Foreign Ministry said on Friday. Addressing a press briefing on Friday, Chinese Foreign Ministry spokesperson Lin Jian stated that the work is underway «smoothly». Being asked whether India and China have started pulling back their troops from friction points, Li Jian said, «In accordance with the resolutions that China and India reached recently on issues concerning the border area, the Chinese and Indian frontier troops are engaged in relevant work, which is going smoothly at the moment.»

Union Finance Minister Nirmala Sitharaman highlighted the contributions of the Global South to the foundations of multilateral development banks at the 1944 Bretton Woods conference and emphasized on embedding diverse voices in decision-making to ensure a truly inclusive and global development framework. She was speaking at the Development Committee Plenary session on 'A Future-Ready World Bank Group' at the World Bank during the Annual Meetings 2024 in Washington, DC. In her intervention at the session, Sitharaman urged the World Bank to promote a two-way exchange of innovations, drawing from the transformative experiences of the Global South in areas like digital inclusion and sustainable energy.

India and Germany voiced concern on the ongoing conflicts in Ukraine and West Asia on Friday, with Prime Minister Narendra Modi asserting that New Delhi is ready to make every possible contribution for the restoration of peace. At the 7th India-Germany Inter-Governmental Consultations (IGC), German Chancellor Olaf Scholz described India as an anchor of stability and requested Modi to work jointly to bring about political solutions to the twin conflicts that have been raging for long. «The ongoing conflicts in Ukraine and West Asia are a matter of concern for both countries. India has always been of the view that war cannot be a solution to problems. India is ready to make every possible contribution for the restoration of peace,» Modi said, with the visiting German chancellor by his side. At the IGC, the two sides signed 18 agreements and documents, including a Mutual Legal Assistance Treaty in Criminal Matters and an agreement on exchange and mutual protection of classified information.

Chief Justice of India D Y Chandrachud on Friday said what sustained him as a judge, even at the time of scrutiny, was his sense of compassion for society. «The element of scrutiny gets into our work. Nothing misses this scrutiny.

Digital Public Infrastructure (DPI) is now part of global conversations around inclusive and scalable infrastructure, and its blueprint can offer others an opportunity to harness technology for improving the lives of citizens, according to experts. Primus Partners, in association with iSPIRT, organised a DPI roundtable that saw key stakeholders such as senior bureaucrats, diplomats, policymakers, industry leaders and thought leaders discussing India's leadership in advancing DPI and its crucial role in driving socio-economic transformation. Delivering keynote address, G20 Sherpa Amitabh Kant noted India's remarkable leap in becoming the voice of the Global South in DPI, and in achieving in 9 years what would have taken 50 years, otherwise. «This sentiment was echoed during India's G20 Presidency, where countries reached a common consensus that DPIs are essential for equitable development and to improve the lives of citizens, especially in the global south,» he said.

SIDBI) is supporting indigenous Brass and Bell Metal industry in Assam. It is intervening in design up gradation and business knowhow. SIDBI in association with Guwahati-based Youthcove Foundation organized the MSME Cluster Outreach Programme at Brass and Bell Metal Cluster at Hajo, Kamrup District. This event was organized with the support of Industries, Commerce, and Public Enterprise Department, District Industries and Commerce Centre (DI&CC), and MSME Development & Facilitation Office (MSME-DFO). An approximately 250 participants attended this event.

Indian rupee ended nearly unchanged on Friday, managing to hold its ground in the face of weakness in Asian peers and a fall in local stocks, on account of likely dollar sales by the Reserve Bank of India. The rupee closed at 84.08 against the U.S. dollar, close to its record low and nearly unchanged from its close of 84.0775 in the previous session. The currency was little changed week-on-week.

Mallikarjun Kharge on Friday slammed the BJP over rising food prices, alleging that the 'triple engine government' in Maharashtra «which grabbed power through the backdoor» has even snatched food from the common man's plate. Now, Maharashtra has decided to completely throw open the farewell doors for the BJP and its allies, he said as the state prepares to vote in the assembly polls on November 20. In a post in Hindi on X, Kharge said the inflation «imposed by the BJP» has hit the people of the country, including Maharashtra, hard and the party needs to be ousted to fix this. «The BJP's 'triple engine government' which grabbed power in Maharashtra through the backdoor has snatched the food from the common person's plate,» he alleged.