Sustainability Financial News

An investigation focused on three of the world’s largest shrimp producers claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people on the bottom end of the suppl...

Canada’s housing market released a lot of steam during the correction brought on by soaring inflation and interest rates, but one city remains at risk of running hot, according to a global index.

Swachh Bharat Mission launch by participating in the Swachh Bharat Diwas programme on October 2, during which he will launch and lay foundation stones for several projects related to sanitation and cleanliness worth more than Rs 9,600 crore. The Swachh Bharat Diwas programme will showcase India's decade-long sanitation achievements and those in the recently-concluded «Swachhata Hi Seva» campaign. «Marking the completion of 10 years of the launch of one of the most significant mass movements for cleanliness — the Swachh Bharat Mission — Prime Minister Shri Narendra Modi will participate in Swachh Bharat Diwas 2024 programme on the occasion of 155th Gandhi Jayanti on 2nd October at around 10 AM in Vigyan Bhawan, New Delhi,» a statement issued by the Prime Minister's Office (PMO) said. The projects to be launched include those worth more than Rs 6,800 crore aimed at enhancing urban water and sewage systems under AMRUT and AMRUT 2.0, 10 projects worth over Rs 1,550 crore focused on improving water quality and waste management in Ganga basin areas under the National Mission for Clean Ganga and 15 compressed biogas (CBG) plant projects worth more than Rs 1,332 crore under the GOBARdhan scheme.

An investigation focused on three of the world’s largest shrimp producers claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people on the bottom end of the suppl...

Blue Dart Express on Monday said it will increase the prices of its shipments between 9-12 per cent from January 1, 2025. The pricing adjustments for 2025, which include inflationary adjustments and cost rationalisation, are designed to partly cover spiraling long-term costs, such as rising input costs to operations, including airline operating costs and infrastructure costs, among others, the company said. Blue Dart will implement the General Price Increase (GPI) from January 1. The average price increase will be in the range of 9 to 12 per cent, depending on product variabilities and the shipping profile, Blue Dart said in a statement.

Port Talbot plant in South Wales hit a significant milestone on Monday when its Blast Furnace 4 ceased operations after over 100 years, marking an end of «legacy» steelmaking as the UK's largest steelworks transitions towards greener steelmaking. Steelmaking at the site is now set to resume in 2027-2028 as part of a British government-backed investment programme of around GBP 1.25 billion in Electric Arc Furnace-based steelmaking, using UK-sourced scrap steel. The Mumbai-headquartered steel giant said it is looking ahead to a «brighter, greener future» for the historic site and sustaining more than 5,000 jobs. «I am deeply conscious how difficult today is for everyone associated with our business. Throughout this transition, we are doing everything possible to minimise the impact on all those who are affected by the changes we are making,» Rajesh Nair, CEO of Tata Steel UK, said in a statement.

current account deficit widened marginally to 1.1 percent of GDP in the June quarter compared to 1 percent of GDP in the same period a year ago due to widening trade deficit according to the figures released by the Reserve Bank of India. Overall balance of payments ended in a lower surplus of $5.2 billion compared to $24 billion in the previous comparable quarter as capital flows slowed during the quarter. Current account which record the country's imports and exports of goods and services ended in a deficit of $ 9.7 billion or 1.1 per cent of GDP for the quarter ended June 2024-25 compared to $ 8.9 billion or1.0 percent of GDP in June 2023 quarter and against a surplus of $ 4.6 billion or 0.5 per cent of GDP in the March 2024 quarter.

Jeffrey Gogo is a journalist with 20 years of experience in business, finance, cryptocurrency, and climate change news and analysis.

“Earn ₹200 crore in 30 years through a ₹5,000 monthly SIP in a smallcap index," screamed a video on social media. The video rather boldly based the calculations on the 30% annual returns of a Nifty Smallcap 250 index fund over the past five years. While such returns are attractive, they're not sustainable. Here’s why.

Vinay Paharia, CIO, PGIM India MF, says some of the sectors with many of these high growth companies include the healthcare sector, consumer discretionary sector, some companies within the financial services, particularly the private sector banks, and high growth NBFCs. Wherever we are seeing companies with the ability to grow on a sustainable basis at a higher rates of growth, those companies would materially outperform.

The CSI 300 Index jumped 8.5% Monday, marking the most since 2008 as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% to enter a technical bull market. Its rally last week was the biggest in 16 years.

Subscribe to enjoy similar stories. AI fever has loosened its grip on the stock market. Gone is the first half of 2024, when investors’ passion for artificial intelligence drove the market skyward even as stubbornly high inflation dashed hopes that the Federal Reserve would begin cutting interest rates.

Persistent Systems is seeing more interest in outcome-based (fixed price) deals than deals that are priced based on time and material, said its chief executive Sandeep Kalra. Kalra told ET that with the maturing of artificial intelligence (AI) firms like Persistent Systems are building more Intellectual Properties such as the SASVA platform, GenAI Hub and iAURA, and creating greater value for customers. More discussions on the outcome-based pricing model have led to an increase in deals on this model, he said. “For example, on the SASVA platform in the enterprise software space, we are now picking up deals which are outcome-based more and more,” he said. “Whether it is doing end-to-end sustaining engineering of a product, which is basically nothing but support of a product, we are picking it up and saying it is not a price into quantity. It is basically what is the outcome and service level. Here is where we are taking it on a fixed bid or an outcome kind of thing.”

Subscribe to enjoy similar stories. New Delhi: The Coalition for Disaster Resilient Infrastructure (CDRI), an international organization based in New Delhi, is planning to tap artificial intelligence (AI) to curb infrastructure-related disasters, which also be discussed at the 29th United Nations Climate Change Conference (COP29), said director general Amit Prothi. “We will have a discussion on data at COP29.

Subscribe to enjoy similar stories. Bengaluru: Dragon Fund, which has backed prominent Indian startups including Meesho and Zepto, will ramp up its pace of investments in India and is likely to deploy more than half of its $500 million global fund it raised in 2023 by the end of this year, a top executive told Mint. “India will undoubtedly be one of our largest markets.

NLC India has said it is in the process of participating in the upcoming auctions of critical mineral resources and aims to achieve the annual capacity of mining one million tonnes of such materials by 2029-30. NLC India's core business include mining of coal and lignite as well as power generation. Having critical mineral capacity assumes significance amid increasing demand of these resources for a wide range of activities from semiconductor manufacturing to renewable energy projects, including those related to production of solar panels, wind turbines and advanced batteries for storage and transportation. «With the recent developments in renewable energy sector and the strategic importance of the critical minerals required for RE (renewable energy), we are in the process of participating in upcoming auctions and envision achieving a critical mineral mining capacity of 1.0 MTPA by 2029-30,» the company said in its recent report.

Artificial Intelligence is no longer a futuristic concept. It is here, today, rapidly reshaping and transforming industries, driving innovation, solving complex problems across various sectors. Its ability to process vast datasets, optimise operations and provide predictive insights is fundamentally transforming business operations. Application of AI powers a range of capabilities for any business — from automating routine tasks and supporting decision-making to uncovering process improvements and extracting actionable insights from unstructured data. According to a McKinsey report, Gen AI could add between $2.5 trillion and $4 trillion in value to the global economy over the next three years. But to say that AI is only for those who understand technology or use it prolifically would be a grave misconception. In this new era, AI is for everyone — ready to drive efficiency, innovation and growth across the entire business landscape.

Hurricane Helene caused widespread destruction to the US Southeast. The storm claimed at least 56 lives, displaced several residents, and plunged millions into darkness without electricity, according to a report by Voice of America. Rescue efforts were underway on Saturday to reach those stranded by the floods. In North Carolina, at least 10 lives were lost, according to Governor Roy Cooper. South Carolina reported 19 fatalities, including two firefighters in Saluda County. Georgia witnessed at least 17 deaths, with two victims claimed by a tornado in Alamo. Florida Gov. Ron DeSantis on Saturday raised the number of confirmed dead in Georgia to 11, including several people who drowned in Pinellas County.

Real Madrid will play Atlético Madrid in Spanish La Liga game on Sunday. While Real Madrid have 17 points from seven games, Atlético de Madrid have 15 points off seven matches. Real Madrid versus Atlético Madrid La Liga game is scheduled to kick off at 3 pm (ET) on Sunday, September 29. Real Madrid and Atlético Madrid's La Liga game can be watched on ESPN+ and Fubo in the US. Fubo offers free trial for a limited period. Real Madrid is likely to defeat Atlético Madrid in this Madrid derby.

EWS flats were sold out in DDA's Sasta Ghar and Madhyam Vargiya Housing schemes, an official statement said on Saturday. In Ramgarh, out of 183 LIG flats in the scheme, 153 flats were sold, it said. While 708 LIG flats were sold in Rohini and around 250 flats were booked in Narela. Among the EWS segment, around 300 flats were sold out in Narela and all 139 flats offered in Loknayakpuram were also booked, it said. Since the first day of the booking on September 10, the scheme has received an impressive response with all HIG flats offered at Jasola being sold out on Day 1, the statement said.

REC Ltd on Saturday said it has raised USD 500 million through green dollar bonds to support various renewable energy projects. The 5-year note has a coupon rate of 4.75 per cent per annum to be paid semi-annually and the maturity date of September 27, 2029. This is the first US dollar bond issuance from an Indian public sector enterprise in 2024, REC said in a statement. The latest fund raise was part of USD 10 billion global medium-term programme of the company. The proceeds will be used to finance eligible green projects, in accordance with REC's Green Finance Framework as per green bond principles of Climate Bond Initiative, London and RBI's ECB guidelines, with a second-party opinion from Sustainable Fitch, it said.