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climate action, the Asia-Pacific needs to start delivering on ambitious emissions targets. The Asia-Pacific's greenhouse gas emissions keep rising and in some respects the region is going backwards. Climate action was the only Sustainable Development Goal (SDG 13) in which outcomes went backwards in the Asia-Pacific between 2015 and 2023. Progress towards Sustainable Development Goal 13, taking «urgent action to address climate change», has been a case of two steps forward, one step back in the Asia-Pacific. Over the past two years, countries in the Asia-Pacific have made strides: China and Indonesia have undertaken to transition their economies to net zero by 2060, Australia and most Southeast Asian countries by 2050. China has massively invested in renewable energy.

Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg. The momentum can sustain into next year and beyond as owners of Indian companies are keen to raise funds for other investments, said Abhinav Bharti, India head of equity capital markets at JPMorgan.

A handful of initiatives in the Indo-Pacific region show what can be achieved through international partnerships, even while fallout from global events hinders cooperation on development and climate action. Global cooperation is the central theme of Sustainable Development Goal 17, but also the key to success across the other 16 goals. The past year has shown why that success is so critical. This year has seen the hottest summer on record, with average global temperatures projected to continue to rise, and more extreme weather conditions, including raging wildfires across the world.

«You add another 5-6% because there are a lot of large companies which are not part of the Nifty, which are recent listing of last two-three years. So, I would still say 65% of the total market cap is still either in line or slightly below long period average,» says Gautam Duggad, Motilal Oswal.How much of this market cap is right now trading below the average and how much of the market cap is above the average? So, if you look at it this way, I mean, for a simplicity purpose, just use Nifty 50 as a benchmark for your large cap. And I said Nifty is in line with its long period average, maybe 4% or 5% lower than long period average and Nifty is roughly 60% of India's market cap. You add another 5-6% because there are a lot of large companies which are not part of the Nifty, which are recent listing of last two-three years. So, I would still say 65% of the total market cap is still either in line or slightly below long period average.

Cipla while InCred initiated coverage on Fusion Micro. Also, Morgan Stanley recommended an Equal Weight on Tata Steel, and DAM Capital initiated coverage with a buy rating on AU Small Finance Bank.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal on Cipla: Buy| Target Rs 1420 Motilal Oswal maintained a buy rating on Cipla but raised the target price to Rs 1420 from Rs 1130 earlier.

BEIJING — Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as ByteDance and Didi, according to a PitchBook report Monday.

By Florence Tan

By Vidya Ranganathan

Indian stock market indices Sensex and Nifty are expected to open lower on Monday tracking weak global cues. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading at around 20,190 level as compared to the Nifty futures’ Friday close of 20,240.

Joe Biden and world leaders to end fossil fuel use. With parades, concerts, and banging drums, some of the 15,000 expected waved signs that read «End Fossil Fuel Use» and "Fossil Fuels Kill" and «Declare a Climate Emergency.» One man was dressed as a melting snowman warning of rising sea levels. The message was for world leaders to save the planet from the use of oil and gas believed to be driving a warming globe. Sunday's protests were part of a week-long international effort by Climate Group, a non-profit whose purpose is to drive climate change action and stop global warming, with more than 500 protests planned in the US, Germany, England, South Korea, India and elsewhere, totaling 54 countries. Organizers of the protests expect a global turnout of more than a million people. «Climate Week NYC is all about getting it done,» organizers wrote online.

DLF plans to enter the wellness segment with the launch of 'Thrive' brand of fitness centres across its office complexes and shopping malls, said a senior executive at the property developer. The company has opened a fitness centre in Cyber Park, Gurugram, and plans to open a similar one in Chennai. «These will be company owned and operated centres and we plan to open 3-4 more centres by next year.

European Central Bank cuts interest rates in the first half of next year would be a mistake, according to Governing Council member Martins Kazaks. Wage growth in the euro zone hasn't yet peaked and it's unclear how quickly underlying inflation will retreat, the head of Latvia's central bank said. Last week's decision to lift borrowing costs for a 10th straight time puts the ECB more solidly on track to reach its 2% target in 2025, but it's too soon to exclude another hike. “The market shouldn't expect that we would jump too early to cut rates,” Kazaks said in an interview. “We'll start cutting rates when we see that we consistently and significantly start to undershoot our target, and what I can say clearly is that expectations of a rate cut in spring or early summer in my view are not really consistent with the macro scenario that we have.” Traders are starting to price cuts from April of next year and some economists see them as early as June. Projections presented last week show that inflation in the 20-member euro area will take another two years to reach 2%, even as price pressures are set to slow sharply in the coming months. The economy is seen returning to quarterly growth rates of 0.4% in 2024 after stagnating for most of 2023.

Companies considering India as an investment destination are concerned over long-term outlook of the India-China relationship, besides factors such as competitiveness, the Centre-state polity, societal conflicts, short-term infrastructure and skill availability, said Nick Allan, chief executive of risk consultancy firm Control Risk. This is particularly relevant, considering several American, European, and Japanese companies are exploring India as a key part of their China-plus-one strategy. “In the long term, you know, people question, where’s India and China’s relationship heading? There’s no question that India is emerging as a competitor in a number of spheres to China.

Maruti Suzuki, Bajaj Auto, TVS Motor Company and Eicher Motors are among Indian automakers working on range of eco-friendly technologies, including biogas, flex-fuel and ethanol, to achieve the government’s goal of clean mobility in line with the Global Biofuels Alliance (GBA) announced at the G20 Summit. While two-wheeler makers such as Hero MotoCorp, Bajaj Auto, and TVS are looking to commercially launch one model each running on flex fuel by October 2024, carmakers such as Maruti Suzuki are developing vehicles powered by biogas which would be carbon neutral. For passenger vehicles, the timelines for mass introduction of flex fuel vehicles have been set at April 2027 given the complex product mix and volume constraints. Vinod Aggarwal, president of industry body Society of Indian Automobile Manufacturers (Siam) said there has been significant progress in biofuels and alternate fuels. “The industry has showcased flex fuel vehicles on pilot basis in both two wheelers and passenger cars.

Laurentian Bank of Canada has wrapped up its review of strategic options, including a potential sale of the company or divestiture of assets, without finding a buyer, the company has announced.

A CIBC Capital Markets Inc. report released last month suggested there are about a million more non-permanent residents in Canada than the official number, 925,000, that is widely quoted and used for planning purposes by various government authorities.

Google Chrome will soon add a Microsoft Edge-like «read aloud» feature for desktop users, currently available in the Canary version for testing. With this, users can control the rate at which articles are read aloud by adjusting the playback speed, reports BleepingComputer.

Passengers on a United Airlines jet got a steep ride to a lower altitude after pilots suspected a possible loss of cabin pressure

Mary Kom and the six-time Grand Slam champion Sania Mirza are two of the most well-known sports mums in the nation. The report highlights a number of Indian mothers who will be exhibiting their athletic abilities on this prestigious stage as the Hangzhou Asian Games get underway on September 23. Let's examine these outstanding women in more detail:Dipika Pallikal (Squash) Dipika Pallikal, often regarded as the poster girl of Indian squash, has consistently delivered stellar performances for her nation.

Taiwan's Ministry of National Defence (MND) monitored nine Chinese military planes and 10 naval vessels in the vicinity of Taiwan. According to Taiwan News, there was no indication that any PLA aircraft had crossed the Taiwan Strait's middle line or entered Taiwan's southwest air defence identification zone (ADIZ) at this time. Taiwan responded by sending ships, planes, and land-based missile systems to track PLA activity. China has gradually increased the number of military planes and navy ships operating near Taiwan since September 2020, expanding its use of grey zone techniques, Taiwan News reported. A grey zone tactic generally refers to «An effort or series of efforts beyond steady-state deterrence and assurance that attempts to achieve one's security objectives without resorting to direct and substantial use of force.» Beijing has conducted 109 navy ship sorties and launched 199 military aircraft around Taiwan so far this month.

Amid growing tension between India and Pakistan in the Kashmir border, Union minister Rajeev Chandrasekhar in a strong message to India's enemies suggesting that going in war with us can turn catastrophic for one's family. Noting that Indian Military is now a modernized high tech and lethal machine, he said, ‘if anyone goes to war with India, their children will be raised by someone else.’ Taking to Twitter, Chandrasekhar wrote, “India has enemies - These enemies want to stop Indias rise. But they should know this.