Sustainability Financial News

Waaree Energies, a leading solar panel manufacturing and installation company, expects rooftop solar (RTS) to contribute at least 30% in its total revenue in the coming years, Amit Paithankar, Chief Executive Officer, Waaree Energies, told ET. “In the next five years, RTS could most definitely be a significant contributor to our revenue, highlighting its importance in our strategic roadmap…We can foresee a minimum of 30% and upwards of RTS share in our revenue pie in the coming years,” Paithankar said. “As we gear up for this massive shift, our PV module manufacturing capacity expansion plans are well on-track and as it is, we have ample infrastructure to meet the foreseen demands,” he said.

Maha Vikas Aghadi are underway for the upcoming Maharashtra assembly polls, Samajwadi party has demanded 12 seats from the alliance. Speaking to ANI, Samajwadi Party Maharashtra Chief Abu Azmi said that his post on X was not to express resentment but to remind the parties that the time is running away. Azmi said, «At present only Congress, NCP-SCP and Shiv Sena (UBT) are holding meetings. Meetings with other smaller parties are still pending. I was reminding them through my tweet that it is getting very late. I had heard that Congress was going to announce something too, so I had told them to take us into confidence. There is no resentment in this, I just wanted to remind that the relations between Rahul Gandhi and Akhilesh Yadav are also good.»

logistics sector is poised for a significant transformation and evolving supply chains are expected to drive a projected demand for around 1.2 billion sq ft of warehouse space by 2027 spanning across Grade A, B, and C facilities in cities across the country, showed a JLL India and Miebach Consulting, India study. This growth is not only about quantity but also quality, with a significant shift towards Grade A warehousing, where stock is expected to rise from 290 million sq ft in 2023 to 400 million sq ft by 2027. E-commerce, Third-Party Logistics (3PL), and omni-channel retail are emerging as the primary drivers of this warehousing boom, particularly for high-quality Grade A spaces. However, the landscape of growth is changing. While major cities have traditionally dominated the warehousing sector, tier II and III cities are now emerging as the next frontier. The study reveals a striking 41% increase in warehouse space absorption in Tier II plus markets from 2022 to 2023,

KumKum Dasgupta, Mercedes-Benz board member Renata Maria-Anna Jungo Brüngger lays out the luxury and commercial carmaker’s elaborate plans for a sustainable business – they go beyond climate protection. India is a growing market for Mercedes-Benz. Recently, it sold 5,117 vehicles in Q3 2024, marking a robust 21% growth. The company's battery EV portfolio has also garnered customer traction, growing by 84% y-o-y. However, the company’s commitment to sustainability extends far beyond automobile tech, says Renata Maria-Anna Jungo Brüngger, member, board of management, Mercedes-Benz Group AG for Integrity, Governance & Sustainability, who was in New Delhi this month.

Abu Dhabi Investment Authority (ADIA)-backed institutional investor Lake Shore has raised over ₹1,200 crore from HSBC Commercial Banking through a sustainability-linked loan for its retail property Viviana Mall in Thane, said persons with direct knowledge of the development. This is the first such fundraising linked to sustainability efforts undertaken for any retail property in the country and among the maiden real estate financing loans availed by any institutional investor in India. The integrated institutional investor has raised the funds through Lake Shore Group entity Salsette Developers that owns the retail property in Thane. HSBC Commercial Banking has provided the loan that was used to refinance the existing lenders and provide liquidity to the company.

Scaloni has been witness to many of Lionel Messi's magical moments over the course of his career but the Argentina manager said on Tuesday that even at the age of 37 his captain continues to amaze him. Messi, who was making just his second international appearance since recovering from an injury sustained at the Copa America in July, scored his 10th international hat-trick as Argentina beat Bolivia 6-0 in a World Cup qualifier. The record eight-times Ballon d'Or winner said after the game he would keep playing as long as he can perform the way he wants and Scaloni hoped he would be on the pitch for years to come.

monitoring stations recording levels that slipped into the 'very poor' and 'severe' categories. Emissions from transportation account for approximately 19.2 per cent of Delhi's air pollution, according to the Centre's Decision Support System for Air Quality Management in Delhi. Another major contributor to the worsening air quality is stubble burning in neighbouring states. Satellite data on Wednesday reported 99 fire incidents in Punjab, 14 in Haryana, 59 in Uttar Pradesh, and one in Delhi.

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,...

working conditions, and recognition of their newly-formed labour union, the Samsung India Workers Union (SIWU). What was the state government’s role? Initially, the state government did not step in to help resolve the dispute after workers at the Sriperumbudur plant struck work on September 9. It was only a few weeks later when chief minister M.K. Stalin returned from a trip to the US that the government decided to engage in talks with the workers.

Waaree Energies are in high demand in the grey market as the company announced its price band for its Rs 432 crore IPO. The issue opens for subscription on October 21 and investors can bid till October 23. The current GMP is around Rs 1350, which indicates a premium of nearly 90% over the issue price. The IPO is priced in the range of Rs 1427-1503 apiece. Most analysts expect a multibagger listing for the company if the current demand sustains.

Subscribe to enjoy similar stories. MUMBAI : Investment strategies can be aligned with specific factors such as value, quality, momentum, low volatility, alpha, or a combination of these. Value and quality are often viewed as opposing strategies, as they target different characteristics of a company.

With plans for a crewed lunar landing in September 2026, which will mark the first time in over 50 years that humans will set foot on the Moon, NASA aims to establish a sustainable human presence there. This mission will not only feature the first woman and the first person of color to walk on the lunar surface but also emphasizes the importance of sustainability in space exploration.

Subscribe to enjoy similar stories. Auction house Saffronart is currently hosting a Fine Jewels and Silver Auction on its website, featuring a selection of 131 lots. On offer are a pair of spinel, natural pearl, emerald and diamond earrings by The Gem Palace ( ₹1.30-1.80 crore), a Colombian emerald and diamond necklace ( ₹1.20-1.80 crore), a pair of diamond earrings ( ₹45-55 lakh), among others.

The suite of ETFs includes a trio of funds that use Robeco's 3D investment approach, which targets a balance between risk, return and sustainability. These comprise a global equity UCITS ETF, a US equity UCITS ETF and a European equity UCITS ETF. A further 3D emerging markets ETF is slated for launch in the first quarter of 2025.  Robeco brings multi-thematic strategy to market The fourth fund launching today is the Dynamic Theme Machine UCITS ETF, which uses Natural Language Processing (NLP) techniques to search for investment ideas ahead of the market, while an additional review ...

Sharad Purnima, an important full moon day in the Hindu calendar, is marked by deep devotion and spiritual significance. This year, it will be observed on Wednesday, October 16, 2024. This festival holds a unique place in Hindu tradition, as it is believed to be the only day when the moon shines in its complete form, showcasing all sixteen Kala (phases). It is said that Lord Krishna, the complete incarnation of Lord Vishnu, was born with all sixteen Kala, while Lord Rama was born with twelve.

CCI) on Tuesday cleared state-owned Central Bank of India's proposed stake acquisition of stakes in Future Generali India Insurance and Future Generali India Life Insurance. Central Bank of India is a scheduled commercial bank. «The proposed combination envisages acquisition by Central Bank of India of 24.91 per cent equity stake in Future Generali India Insurance Company Ltd (FGIICL),» CCI said in a release. FGIICL provides personal insurance, commercial insurance, social, and rural insurance, etc.

WhiteOak Capital Mutual Fund has launched WhiteOak Capital ESG Best-in-class Strategy Fund, an open-ended equity scheme investing in companies following environment, social and governance (ESG) themes, adopting the best-in-class strategy. The new fund offer or NFO is open for subscription and will close on October 25. The fund seeks to invest in companies with superior corporate governance practices. The fund seeks to derive returns for its clients by investing in high-quality businesses, which have long-term sustainability of return on capital, potential scalability of the business, strong execution capability and superior corporate governance culture, according to a release by the fund house.

net worth of a staggering Rs 7,900 crore, and cultivating a $100 billion empire, late tycoon Rata Tata was surprisingly austere when it came to spending habits. While the national icon did live in a sprawling Rs 200-crore mansion and had a jaw-dropping collection of luxury cars such as Ferrari California T, a Jaguar F-Type, and a Maserati Quattroporte, he was often known to shun mindless extravagance in his day-to-day life. For example, in one of his pictures, he is seen wearing a jet-black Victorinox Swiss Army Recon. While this funky sports watch is a much-sought-after item for watch enthusiasts, it is far from the luxurious, jewelry-encrusted watches you would expect a billionaire to possess. Here’s all you need to know about this elegant timepiece.

China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power. Exports climbed just 2.4% in dollar terms from a year earlier to almost $304 billion, the lowest level since May, the customs administration said Monday. Shipments to key markets including Japan, South Korea and Taiwan all fell, while exports to the European Union and the US marked their slowest rise in at least four months as politicians ramped up tariffs. Russian purchases of Chinese goods soared to a record $11 billion, as Beijing continues to shield Moscow from economic isolation after Western companies producing everything from cars to phones quit President Vladimir Putin’s nation due to sanctions to punish his military aggression.

HDFC Life Insurance are trading around the Rs 740 level, maintaining a long-term uptrend and currently in a consolidation phase after pulling back from higher levels. The stock has stabilized near its demand zone, with a double-bottom pattern emerging on the daily chart, signaling a potential trend reversal.

Jharkhand government on Monday approved an increase in payouts in the ongoing ‘Maiyan Samman Yojana’ from Rs 1,000 per month to Rs 2,500 per month. The decision was taken at the cabinet meeting on Monday. Under the Maiyan Samman Scheme, the state government is already paying Rs 1,000 per month to 50 lakh women who are 18 years and above in the state since August this year. The increased amount will be given to the beneficiaries starting December. The increase will put a burden of Rs 9,000 crore on the state budget as per government sources. The decision has been taken to counter the Gogo Didi Scheme announced in the BJP manifesto in which the party has promised to pay Rs 2,100 per month to women above 18 years after coming to power.