Sustainability Financial News

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2024. For wearables and electronic devices brand Boult, which started off as an audio products maker before getting into a wider range of items, the top spot in terms of market share has eluded the company despite high growth. But the two founders — brothers Varun and Tarun Gupta — insist that being profitable takes precedence over market share. Boult’s ability to scale quickly — it is estimated to have posted Rs 800-850 crore in revenue in fiscal 2024 — without raising any external capital made it the winner in the ET Startup Awards Bootstrap Champ category this year.

Bandhan Life, formerly Aegon Life Insurance, has commenced business in its new avatar with two offerings — a guaranteed savings plan and a unit-linked plan, managing director Satishwar B announced on Thursday. Bandhan Financial Holdings, the promoter of Bandhan Bank, completed the acquisition of Aegon Life in February. «We are starting from scratch in terms of new business. We commenced earlier this month with these two products and will unveil three more in the next three months or so,» Satishwar told ET.

work pressure at the workplace. It seems that it is catching up in India, too. The nature of the workplace changes as management obsesses over mechanical efficiency, which means getting more and more out of less and less.

Wadhawan has approached the National Company Law Tribunal, demanding that the now-defunct realty firm's corporate insolvency resolution process (CIRP) be conducted all over again. Wadhawan has also sought to submit a resolution plan to revive the company. In his application, Wadhawan has claimed that the value of the company was huge, but its resolution professional (RP), committee of creditors (CoC) and valuer chose to overlook the assets, including intangible assets, and possible cash flow from joint venture deals.

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,...

Siddaramaiah on Thursday kicked off work on the ambitious (knowledge, wellness & innovation) KWIN City project which is coming up on a vast area of 5800 acres near Dobbespet in Bengaluru Rural district. The project rests on the four pillars of knowledge, health, innovation and research “Our vision for KWIN City is to create a world-class ecosystem that fosters collaboration, innovation, and excellence in diverse fields. By bringing together leading institutions, research centers, and industry partners, we aim to drive cutting-edge research, develop groundbreaking technologies, and create solutions that address global challenges,” Chief Minister Siddaramaiah said, launching the project. Today, Karnataka is home to 45 of India’s unicorns, and over 50% of India’s unicorn valuation. Today, Bangalore is home to 17,000 plus angel investors and 1,500 plus VC funds. This remarkable growth has been fueled by our state's commitment to fostering innovation, nurturing talent, and creating an ecosystem that supports entrepreneurship, he added. “Building on this legacy of innovation, we are proud to introduce KWIN City, a one-of-a-kind project that will integrate knowledge, healthcare, innovation, and research at its core. “

Subscribe to enjoy similar stories. Advocates of sustainable investing believe it could be the key to lowering carbon emissions and creating a more just society, claiming that asset managers can prod companies to do good by incorporating environmental and social factors into their investment decisions. New research, however, suggests such expectations are probably overly optimistic.

The Fair Oaks AAA CLO ETF (FAAA) targets European institutional and informed investors, offering access to AAA-rated, floating-rate CLO notes. The strategy is managed by a team of six professionals led by co-founders and partners of the firm Miguel Ramos Fuentenebro and Roger Coyle, with help coming from the wider Fair Oaks credit team. Deep Dive: US move to T+1 for ETFs will require 'synchronisation' from foreign markets FAAA is a long-only strategy with no leverage and is classified as Article 8 under the EU's Sustainable Finance Disclosure Regulation. It will run with a total...

Telecom Minister Jyotiraditya Scindia on Thursday initiated a meeting with the seven working groups of the Bharat 6G Alliance, the minister said in a post on X (formerly Twitter). Hinting at the arrival of 6G in India, the minister wrote, «6G is India’s future! 6G is India’s potential!» «In line with PM Sh@narendramodi Ji’s vision to make Bharat a “telecom superpower”, glad to have initiated a meeting with the seven Working Groups of the Bharat 6G Alliance,» he further added.

The newly appointed directors are Paul Geddes, group CEO at Evelyn Partners; Hans Georgeson, CEO of Royal London Asset Management; Matthew Malloy, CEO and head of institutional client group at Neuberger Berman Europe, and Sarah Melvin, head of UK and Europe and chair of Africa at BlackRock. Geddes joined Evelyn Partners in July 2023 and became CEO later in October that year. Prior to that, he was the CEO of QA Group, a provider of higher education and workforce learning programmes and services. Investment Association launches guidance on FCA sustainability rules Georgeson joined RL...

Eduardo Xol has died at the age of 58. Popular TV designer, who received much fame after "Extreme Makeover: Home Edition", has suffered an untimely death sustaining injuries from multiple stabbing. According to The Hollywood Reporter, Department of Riverside County Sheriff noted that his death occurred at the Palm Springs. The Hollywood Reporter asserted that Eduardo Xol took his last breathe at the Desert Regional Medical Center where he was admitted after being reportedly stabbed which took place at the Palm Springs on September 10. Palm Springs Police Department has noted that the injury which Eduardo Xol suffered happened on September 10 sometime around 05:41 am. Also Read: Meta Quest 3S VR Headset unveiled: Price, specifications, features

Italy’s antitrust watchdog is investigating the online fastfashion giant Shein for potentially making misleading claims about its sustainability practices

core inflation headed further south points to likely excess capacity in various pockets of the economy, buttressing the case for an immediate cut in policy rates, although geopolitics could have a disproportionate say on the cost of debt globally, said Jahangir Aziz, head, emerging markets economics at JP Morgan Chase. India's June core consumer inflation, which strips out the impact of transitory fuel and food prices, was at 3.14% — the lowest since the inception of the gauge in 2012. Core inflation has been declining since the beginning of the year. «In any economy, when you have sustained declines in core inflation, it not only means that the country has excess capacity, but also that the excess capacity is widening and not narrowing,» Aziz told ET. «So, if you have a country in which the excess capacity is widening, then your interest rates are far too restrictive and, therefore, interest rate needs to be recalibrated lower.»

debt-to-GDP ratio at 18.7%, its debt service ratio at 6.7% and foreign exchange reserves-to-external debt ratio at 97.4% are «within the comfort zone» and way better than many middle-income countries, finance minister Nirmala Sitharaman said. In a foreword to a status report released by the finance ministry, Sitharaman underscored that India's external debt «remains sustainable and prudently managed». The country's external debt rose 6.4% from a year before to touch $663.8 billion as of March 2024, according to the status report, firmed up by the department of economic affairs.

England captain Ben Stokes is «on track» to feature in the Test series in Pakistan after undergoing scans on his hamstring injury on Wednesday. Stokes was sidelined for England's recent Test series against Sri Lanka due to the hamstring tear he suffered playing for Northern Superchargers in The Hundred on August 11. Ollie Pope stood in as Test captain as England won the Sri Lanka series 2-1.

NMDC Steel is set to break-even in the current financial year, chairman and managing director Amitava Mukherjee told shareholders on Tuesday. The steel maker was demerged from state-owned miner NMDC in 2022, while its shares listed independently in 2023. The company operates a 3 million tonne steel plant in Nagarnar, Chhattisgarh. “For the year ahead, NSL is on the verge of breaking even and aims to consistently produce 2.1 lakh tonnes of Hot Metal and 1.5 lakh tonnes of HR Coil monthly by Q3 FY25,” Mukherjee said.

Now in their 18th year, these awards are intended to honour fund providers, research & ratings teams, wealth managers, fund selectors, service providers, consultancies and individuals who have a key part to play in the evolution of sustainable investing. You can view the award winners here.  We celebrated the winners of the Sustainable Investment Awards at a ceremony attended by judges and guests from across the sector.  Our host for the evening was financial journalist Declan Curry, while we also raised over £5,000 on the night for charity Go Beyond, which gives breaks that last a li...

Waaree Energies, a leading manufacturer of solar photovoltaic (PV) modules in India, is set to launch its initial public offering (IPO) in October. The company received final regulatory approval from the Securities and Exchange Board of India (Sebi) on September 20, 2024, allowing it to proceed with its ambitious fundraising plans.

As India's fifth-largest maize producer, the state is witnessing a shift in farmer preferences towards maize cultivation due to attractive market prices surpassing the minimum support price (MSP). «Maize is no longer just for human and animal consumption. It's now powering our vehicles through ethanol-blended petrol,» Pandey said, highlighting the crop's expanding utility.

Muhammad Yunus, stressed on the urgent need for the repatriation of Rohingyas during a high-level meeting at an event on the sidelines of the 79th United Nations General Assembly in New York on Tuesday. During the high-level UN event in New York, on the Rohingya crisis, Yunus highlighted the significant challenges that Bangladesh has been facing due to the presence of over 1.2 million displaced Rohingyas from Myanmar. Yunus pointed out that while Bangladesh has shown empathy in hosting the Rohingyas, the costs associated with this situation--social, economic, and environmental--are considerable. He emphasised that Bangladesh has reached its limits, adding that repatriation remains the only sustainable solution to the ongoing crisis.

Hezbollah targets in Lebanon, in an offensive that has plunged the country into uncertainty over what Israel will do next and how the militant group might respond. The strikes came a day after a vast wave of Israeli airstrikes, targeting about 1,600 sites in parts of the country where Hezbollah holds sway, killed hundreds of people and set off a mass flight of civilians from southern Lebanon to Beirut, the capital. The streets were clogged with traffic, and displaced people were sleeping in their cars. Hezbollah also fired about 300 rockets at northern Israel on Tuesday, according to the Israeli military, keeping up the assault it began Oct. 8, a day after its ally Hamas led the deadly attack on southern Israel from the Gaza Strip. Most of the rockets were intercepted by Israel's missile defense system, but about six people sustained minor injuries, the military said.