Sustainability Financial News

open dialogue and warmheartedness. «There exist few problems, not many, between Nepal and India, and they can be resolved, if we maintain warm heart and open dialogue,» Oli said here at the launch of former administrator Surya Nath Upadhyay's book titled 'International Watercourses Law: A Perspective on Nepal-India Cooperation'. «India is our friendly neighbour and Nepal and India have rich cultures so we should have an open dialogue. The blame cannot be merely imposed on the geopolitical situation for our inability to speak openly. We should not be involved in any game meant for gaining and sustaining power,» Oli said. «Earlier, foreign relations were maintained and dominated by the country's strengths. After the IInd World War, a country should present its national interests reasonably and justifiably in line with international treaties and agreements.»

India has sent around 2300 kg of medical aid to Chad, in response to a deadly fire incident in the African nation, the Ministry of External Affairs said on Saturday. The consignment departed from New Delhi today, contains essential life-saving antibiotics and general medicines. This underscores India's 'Vishwabandhu' approach, where it serves as a friend to the whole world.

Super Typhoon Yagi, Asia's most powerful storm this year, churned towards the northern coast of Vietnam on Saturday after tearing through China's southern island province of Hainan and leaving two people reported dead. The lightning, rain and violent winds that hit Hainan also caused 92 to be injured, Chinese state media said on Saturday, citing local authorities. Yagi made landfall in Hainan on Friday, packing maximum sustained winds of 234 kph (145 mph) near its centre, downing trees and flooding roads. Power supply to more than 800,000 homes was cut.

India is projected to become a USD $5 trillion economy by 2047. This growth is expected to be driven by a few major factors, key amongst which is a stronger, more robust, streamlined, organised, and efficient logistics and transport infrastructure. The recently announced Union Budget and the broader Amrit Kaal 2047 vision — the government’s active effort to make India an export-led, aatmanirbhar economy — all seek to lay a strong foundation for an organised logistics sector in India. Why? Because the logistics sector, one way or another, will be a significant economic driver for the country in coming years. Consider this: India’s current contribution to global exports stands below 2%. By undertaking strategic capacity building for the logistics sector, the government can, not just boost the economy in the short and medium terms but also supercharge long-term development and economic activity with a massive headroom for growth. Increasing the country’s participation in international value chains through a more organised logistics sector has, therefore, emerged as a clear policy priority — and key players in the space can contribute significantly to this nation building project.

Quant Mutual Fund has crossed Rs 1 lakh crore asset under management (AUM) in August. The fund house has over 81 million unique investors within just a few years, according to a release by the fund house. The fund house mentioned that, “At quant, we are today acknowledging our emotional connection with our stakeholders, which is pouring forth in a big way as we put a marker down, with over 81 million of our unique investors, on a unique landmark within just a few years.” “We wanted to extend our heartfelt congratulations to all our investors as your favourite fund house ‘quant Mutual Fund’ has surpassed one lac crore (1,00,000 crore) Money under Management (MuM). This is a remarkable achievement for us as a team, particularly given that it reflects our exceptional and consistent performance and speaks about our capability to generate superior risk-adjusted returns year after year,” added the release.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

The U.S. job market is cooling at a worrisome rate but not to an extent that warrants panic — at least, not yet, according to economists.

India is set to host the crown prince of Abu Dhabi, Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, early next week as it seeks to cultivate the next generation leadership in the key Gulf state. Sheikh Khaled, the eldest son of UAE President Sheikh Mohammed bin Zayed, has been groomed for leadership through his membership of the Abu Dhabi Executive Council and the main national security body since 2016. In 2016, he was appointed head of national security. In January 2017, he was named the deputy national security adviser. In March 2023, he was appointed as the crown prince of Abu Dhabi, which holds the president's post since the creation of the UAE.

The price of XRP has dipped by 3% in the past 24 hours, sliding to $0.5344 as the crypto market suffers a significant 3.5% fall today.

Mercedes-Benz India, the nation's leading luxury carmaker, argues that any tax relaxation on petrol-battery hybrids could cause industry distortion and hinder the adoption of zero-emission electric vehicles, ToI reported. Mercedes contends that lower tax rates for electric vehicles (EVs) are essential to maintain their affordability compared to petrol, diesel, and hybrid vehicles. «Today, consumers are not ready to pay a premium for a sustainable mobility solution. They want the prices (of EVs) to be the same or even cheaper if possible (and) in that context, I think a continuation of difference in taxation will help in better adoption, or faster adoption, of EVs,» said Santosh Iyer, MD and CEO of Mercedes India. Currently, the Goods and Services Tax (GST) on electric vehicles is 5%, whereas larger hybrids face a 43% tax and regular petrol cars are taxed at 48%. «So, technically the govt has a three-tier approach, and the request is to just continue the approach so that it is beneficial in the long run,» Iyer added.

Prozeal Green Energy and Nepalese firm Golyan Power have inked a joint venture agreement for setting up solar power projects in the Himalayan nation. The agreement was signed on Tuesday at Golyan Group headquarters in Kathmandu, marking a significant milestone in both companies' commitment to advancing renewable energy solutions, a statement said. The agreement was signed by Shobit Rai, Director of Prozeal Green Energy, and Akshay Golyan, Director of Golyan Power. The partnership underscores a shared vision to contribute meaningfully to a cleaner and greener future for Nepal.

Water treatment player VA Tech WABAG has secured an order from Saudi Water Authority worth USD 317 million (Rs 2,700 crore) for setting up a Mega Sea Water Desalination plant in Saudi Arabia, the company said on Friday. The Engineering, Procurement, Construction and Commissioning (EPCC) contract including design and supply of the 300 million litres per day mega desalination plant which would be developed on a greenfield site in the west coast of Kingdom of Saudi Arabia. The Saudi Water Authority, formally known as the Saline Water Conversion Corporation, is responsible for regulating and monitoring water sector business and services to enhance water sustainability and achieve the objectives of Saudi Arabia's Vision 2030. The project is expected to be completed in 30 months and the plant would operate Dual Media Filters followed by a two-pass Reverse Osmosis process and re-mineralisation to produce clean potable water.

personal happiness, one Bengaluru man has taken a bold step towards reclaiming his life. Parantap Chowdhury, a 32-year-old former Assistant Vice President at Square Yards, decided that earning Rs 54 lakh a year wasn’t enough if it meant sacrificing his health, relationships, and peace of mind. So, he quit. After spending seven years working grueling hours at startups like BYJU’s and Square Yards, Chowdhury came to a powerful realization: he was living to work, not working to live. His impressive corporate job had him managing a sales team of over 250 people and training more than 5,000 sales executives. But the demands were steep—often consuming more than 70 hours a week, leaving no room for personal growth, relaxation, or time with family. Six months ago, he decided to hit pause on this relentless race. «I quit the race to have a life, spend time with the people I love, and build a business that is remote, digital, and profitable,» Chowdhury revealed in a LinkedIn post that resonated with many. While he could have continued to earn nearly Rs 10 lakh every three months, the toll on his personal life simply wasn’t worth it.

Netflix Inc. show, Virgin River. A soapy drama centered on a nurse practitioner in a small, northern California town, Virgin River is the kind of show that reliably delivers buried secrets, thwarted villains and reunited lovers. That fake sunlight — the combined power of two massive 18,000-watt lights running on a giant battery — is how Netflix wants to clean up the dirty business of Hollywood productions. On most film and television sets, illumination is powered by loud, clunking diesel generators. Virgin River is one of a number of Netflix’s productions replacing generators and fossil fuel-based transportation with greener alternatives. In Atlanta, Stranger Things is dabbling with solar-powered trailers, and just outside London, Bridgerton has tested a hydrogen power unit. It’s all part of Netflix’s plan to cut its emissions roughly in half by 2030. Yet, Netflix’s progress has been marginal in the three years since it began focusing on sustainability in 2020.

Hong Kong and was moving toward a Chinese island province where it was expected to make landfall Friday, forcing many aspects of life in the region to a halt. Trading on the stock market, bank services and schools were halted in Hong Kong after the city's weather authority raised a No. 8 typhoon signal for Typhoon Yagi, the third-highest warning under the city's weather system. Yagi, with maximum sustained winds of 230 kilometers (142 miles) per hour near its center, forced more than 250 people to seek refuge at temporary government shelters and led to cancellations of more than 100 flights in the city. Heavy rain and strong winds overnight felled dozens of trees across the financial hub before the weather gradually calmed on Friday morning. The weather forecaster was expected to downgrade the typhoon signal in the afternoon.

Geoff Dennis, Independent Emerging Markets Commentator, says the Chinese economy is struggling, and there is no obvious reason why that growth rate is going to turn upward in the near term. Also, although the US economy is in reasonable shape and ought to avoid recession, the chances of an acceleration in growth in the US are relatively limited. So, he does not see a big surge in oil prices despite delay in output increase. What is your reading of OPEC Plus's decision to stall the hike in production by two months? This has had a knee-jerk reaction on crude oil prices, which were on a very slippery slope. But do you think the price rise will be sustained? Geoff Dennis: What is happening here is that they are forming the bottom end of a trading range. It was inevitable at some point that OPEC Plus would delay this output increase because there have been several factors pulling crude oil prices lower in the last few weeks, including worries about the US economy, worries about the Chinese economy, expectations that Libyan oil will come back on the market shortly – although that is not a big factor. Also, US inventories have been pretty strong.

Vodafone Idea and Bharti Airtel respectively. At the same time, Jefferies has maintained a buy and a hold rating on Bajaj Finance and M&M Finance respectively.

Varun Saboo, Head, Equities, Anand Rathi, says he is positive on OMCs. Crude prices are expected to slide further from here, which will help all the oil sensitives, so that was number one. Second, he believes one stock that is a theme in itself is PVR-Inox. That is one of the ideas that still leaves massive upsides from here. Multiplex is a big theme and PVR-Inox is a very high-conviction call. Third, cement is a big theme that Anand Rathi is positive about. Finally, Saboo talks about rate-sensitives as a theme. He is extremely positive about the NBFCs like Chola and Shriram Finance. Where do you stand when it comes to crude sensitives? We have seen quite a bit of a move in paints, some of the tyre names, and OMCs as well. It is not quite the same for ONGC or Oil India, but do you sense that this is a meaty move and could be sustained? Varun Saboo: When it comes to the crude sensitives, as a house we think that crude prices will soften further. So, be it the OMCs, paints, be it anything related to them will continue to rally. I am excited about the opportunity this is providing and I think everything is falling in place for India as a market. We are extremely dependent on crude as such. This helps us further on an overall basis also. This helps the overall market as well.

Suresh Prabhu on Thursday nominated to the World Agriculture Forum (WAF) Board. In a communication, Rudy Rabbinge, Chairman of WAF Board, said that Prabhu's expertise would be invaluable to the discussions that shape the future of the agri sector. «Given your role and respected position in the global food and agriculture arena, I believe you would be invaluable to the WAF Board. Your insights and experience could greatly contribute to the forum's objectives,» he said. The forum aims to function as a global body dedicated to advancing agricultural development on a worldwide scale.

industrial development, with the National Industrial Corridor Development Programme (NICDP) playing a critical role. Aligned with the vision of a «Viksit Bharat,» this ambitious initiative aims to establish a grand necklace of industrial smart cities along the backbone of the Golden Quadrilateral.

responsible investment practices that seek to help institutional investors and service providers. The ICSI Guiding Principles on Stewardship (IGPS) is a framework of ethical stewardship practices to empower institutional investors and service providers, it said in a release. The framework outlines best practices for responsible investment, encompassing environmental, social, and governance factors. It aligns with the global trend and offers much needed guidance towards sustainable and responsible investing, the Institute of Company Secretaries of India (ICSI) said in the release.