Sustainability Financial News

These mark the first US sanctions on Chinese entities «directly developing and producing complete weapons systems in partnership with Russian firms,» the US Treasury Department said. State Department spokesman Matthew Miller added: «this was the first time we actually saw a Chinese company manufacturing a weapon itself that then was used on the battlefield by Russia.»

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Kazakhstan President Kassym-Jomart Tokayev recently announced that his country has successfully attracted $400bn in Foreign Direct Investment (FDI), with plans to bring in an additional $150bn by 2029. This new investment cycle will be spearheaded by the Investment Council. During his address at the Astana International Forum, President Tokayev highlighted the significant political reforms underway, which aim to bolster stability and cater to the democratic aspirations of the populace. He cited the recent referendum on the construction of a nuclear power plant as evidence of Kazakhstan's commitment to democratic values. In addition to attracting foreign capital, Tokayev reaffirmed Kazakhstan's commitment to regional cooperation, particularly within Central Asia. He noted the beneficial impacts of increased collaboration among neighboring countries and highlighted the significant transformations in the region over the past decade.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Linda's work focuses on providing clear and accessible insights, making complex crypto topics understandable for everyone. Her goal is to keep the audience informed and engaged with the latest...

Over the past 24 hours, the XRP price has remained relatively stagnant, with a slight 0.5% dip. One analyst, however, argues that this slowed pace may be a build up to an impending parabolic breakout, just ‘days’ away.

Cyprus banks say their exposure to risky Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts amounting to $2.17 billion in the year after Moscow’s 2022 invasion of its neighbor as they fully adhered to sanctions that...

Rajnath Singh on Friday said the private sector must play a leading role in defence sector, citing its ability to drive innovation and adapt to rapid changes. Speaking at the DRDO Industry Workshop on defence technology acceleration in Delhi, Singh said, «Technology's impact on the defence sector is not limited to conventional warfare; it has given birth to unconventional warfare, including drones, cyber warfare, bio-weapons, and space defence. These elements pose challenges to the defence sector.» «I think the time has come for the private sector to take the lead in defence sector participation. I say this because the private industry has the capability not only to absorb rapid changes but also to create new innovations,» he added.

Bengaluru police have filed an FIR against Union Minister Pralhad Joshi's brother and sister based on a complaint of cheating lodged by a former JD(S) MLA's wife. His brother Gopal Joshi and sister Vijayalakshmi were booked by Basaweshwaranagar police. Gopal's son Ajay Joshi has also been named in the FIR, police sources said on Friday. The complaint was filed by Sunita Chavan, wife of former Nagthana MLA Devavand Phool Singh Chavan, who lost the 2023 Assembly election. She alleged that Gopal promised her to get a ticket to contest the May Lok Sabha elections when she approached him at his Hubballi residence in north Karnataka in March and later delivered Rs 25 lakh at Vijayalakshmi's house at Basaveshwaranagar here on his instruction.

Authorities have since last month unveiled a raft of measures to kickstart sluggish consumption and address a prolonged and debilitating debt crisis in the country's colossal property sector. After a blistering market rally fuelled by hopes for a long-awaited «bazooka stimulus», optimism has tapered as authorities refrained from providing a specific figure for the bailout or detailing any of the pledges.

Karnataka government is looking to address water and sanitation issues in rural areas through the adoption of innovative ideas and relevant technologies. The IT-BT and Rural Development and Panchayat Raj (RDPR) departments will host a ‘Karnataka Rural Water and Sanitation Sustainability Summit’ on October 29 and have invited startups to provide solutions. The event will feature a pitching session where selected startups can present their ideas, with winners receiving a minimum funding of Rs 25 lakhs. These budding startups will also have the opportunity to pilot their projects with the government, the department announced in a release. Entrepreneurs, academia, startups, and researchers can submit their potential pitch decks by October 23. IT-BT and RDPR minister Priyank Kharge said, “I intend to make Karnataka a water-secure state in the country. If I can solve this using deep tech in biotechnology or IT that ensures we get better portability, the government itself can become your (companies') first client.” He added that the government can help startups pilot these solutions within a sandbox environment and provide capital.

finance companies, including Sachin Bansal-led Navi Finserv and Mitsubishi UFJ Financial Group-backed DMI Finance, from sanctioning and disbursing new loans as they were found to be charging excessive interest rates. This follows a warning by the RBI governor earlier this month over such practices. The other two companies are Manappuram Finance-promoted Asirvad Micro Finance Ltd and Kolkata-based MFI Arohan Financial Services Ltd. The RBI’s directive comes into effect from the close of business on October 21, the central bank said in a statement on Thursday. “Unfair and usurious practices continued to be seen during the course of onsite examinations as well as from the data collected and analysed offsite,” the RBI said. The action comes less than 10 days after central bank governor Shaktikanta Das warned some non-banking finance companies (NBFCs), microfinance companies (MFCs) and housing finance companies (HFCs) against “aggressively pursuing growth without building up sustainable business practices.”

One Direction singer Liam Payne died as a result of extremely serious injuries sustained in a fall. Former One Direction member Liam Payne died at the age of 31 after he fell from an Argentina hotel balcony. After falling from his hotel room in Argentina, One Direction star Liam Payne tragically died. According to authorities, Payne was residing at the CasaSur hotel in Buenos Aires' Palermo neighbourhood and had a history of severe health problems, as quoted in a report by Daily Express US. As a member of One Direction, which was formed in 2010 after the members appeared on the British television program X Factor, the English singer gained notoriety.

IIM Shillong, officially launched the CM Business Catalyst: Student B-Plan Challenge, an innovative initiative aimed at fostering entrepreneurship and sustainable business practices among the youth of Meghalaya. The launch event at Shillong was attended by Vice President of India, Jagdeep Dhankhar, along with Governor of Meghalaya C H Vijayashankar, Chief Minister, Conrad K Sangma, and Minister, Dr. Mazel Ampareen Lyngdoh. The CM Business Catalyst program is designed to empower college students to develop sustainable business models that address pressing environmental and social challenges. This initiative aligns with the state’s vision for sustainable development, leveraging IIM Shillong's expertise in innovation, management, and entrepreneurial education.

Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices

Oil company Phillips 66 has announced that it plans to shut down a Los Angeles-area refinery that accounts for about 8% of California's refining capacity The company indicates it will remain operating in California

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Gallium Nitride (GaN) semiconductor startup Agnit Semiconductors on Thursday said it has raised $3.5 million in a seed round led by 3one4 Capital and Zephyr Peacock – marking their first investment in India’s semiconductor sector. Along with two new investors, the company said the round also witnessed participation from former CEO of Cognizant and angel investor Lakshmi Narayanan. The five-year-old Bengaluru-based startup, which was also one of the nominees for the 'Top Innovator' category at the ET Startup Awards, has raised $4.87 million in total so far and plans to utilise the fresh funds to scale its production and commercial operations.

ITC Limited, India’s leading multi-business conglomerates, has commissioned its second offsite solar plant in Karnataka with a capacity of 9.45 MW in the Davangere district. The facility is ITC’s 4th offsite solar plant in the country, with similar units earlier built in Tamil Nadu, Uttar Pradesh and Karnataka. The company had set itself the target to meet 100% of electricity requirements from renewable sources by 2030 as a part of its ambitious Sustainability 2.0 Vision. In FY 2023-24, over 50% of ITC’s total energy requirements were already met from renewable sources such as solar, wind and biomass. Total Energy includes electrical energy as well as thermal energy.

net zero by 2070 is driven by its unwavering commitment to mitigate climate change, reduce carbon emissions and sustainable development. For a growing economy with a population of over 1.4 billion that is heavily dependent on fossil fuel, achieving this target seems like a formidable task for the country. However, in the past few years, India’s journey to become a global leader in clean energy has been marked by remarkable technological evolution and initiatives. By investing in renewable energy sources, and enhancing energy efficiency, the country has surpassed several developed countries to establish itself as the third largest producer of renewable energy, with 40% of its installed electricity generated from non-fossil fuel sources in 2021 itself. Some of the innovative technologies paving India’s journey towards clean energy transition are: Solar and Wind Power Nine years after the Paris Climate Agreement (COP 21) 2015, India has made significant progress in strengthening its solar and wind power capacity as a means to transition to a clean and sustainable energy future. Based on the report by the Central Energy Authority (CEA), the contribution of solar and wind to India’s energy mix has increased to 26 per cent in March 2023 from 9 per cent recorded at the end of 2011-12.

Subscribe to enjoy similar stories. MUMBAI : Bajaj Auto Ltd’s shares fell 11% on Thursday after its management painted a sombre picture of domestic two-wheeler demand for the ongoing festive season while announcing the September quarter results (Q2FY25).