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Edelweiss Group arm is preparing to raise up to USD 500 million (approximately Rs 4,143 crore) for its inaugural climate fund. Edelweiss Alternatives has outlined its intentions to allocate the fund towards various sectors, including renewable energy, transmission infrastructure, the development of electric vehicle infrastructure, green infrastructure, water treatment, transport decarbonization, and industrial decarbonization. In a statement released on Monday, the company stated that investors will be presented with a sustainable, long-term investment opportunity in the world's largest sustainable energy transition market, promising more substantial and stable returns. Subahoo Chordia, President of Edelweiss Alternatives, noted that an estimated USD 10 trillion in investment is necessary to achieve India's net-zero target by 2070. «Our climate fund will look to invest in this growing and attractive investment opportunity, while also contributing to achieve the Sustainable Development Goals like climate action, clean energy, clean water, and sustainable cities,» Chordia added.

IPO Subscription Status: EMS IPO was subscribed 12.49 times on day 2 so far. EMS IPO opened for subscription on Friday, September 8, and will close on Tuesday, September 12. EMS IPO received overwhelming response from non-institutional investors (NIIS) and retail investors on day 2.

Maratha community which will be foolproof and stands legal scrutiny but it won't take any hasty decision, Chief Minister Eknath Shinde said on Monday ahead of the all-party meeting. Deputy Chief Minister Devendra Fadnavis said the government will try for broad consensus on how to move forward on issues raised by Marathas and other communities at the meeting. «The state government wants to give the Maratha community a reservation that will be foolproof and which will pass legal test.

G20 Summit in Delhi was the committment to build a rail-and-port network that will connect India to the Middle-East and the Middle-East to Europe and the US. It has been named the India-Middle East-Europe Economic Corridor (IMEC).

Karnataka Chief Minister Siddaramaiah on Monday hit out at the BJP-led government at the Centre, alleging delay in giving approval to the construction of the Mekedatu balancing reservoir over river Cauvery, and accused neighbouring Tamil Nadu of causing «unnecessary nuisance» on the issue. Karnataka has been pressing for the implementation of the Mekedatu project, saying it is the only solution for the Cauvery water dispute between the two states during times of rainfall distress. «The BJP government at the Centre has not given permission for the Mekedatu project.

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Also Read: Weather update: IMD predicts heavy rains in THESE states till 14 September. Check weather forecast here The DM's office also issued a warning to residents, advising them not to leave their homes unless it was essential. The forecast indicated the likelihood of further rain accompanied by lightning and thunderstorms.

Fumio Kishida on Sunday stated that the New Declaration from the G20 Summit was significant as all G20 members including Russia have agreed on such terms as «all states must refrain from the threat or use of force to seek territorial acquisition.» Addressing a press meet at the end of G2O Summit, Kishida said it was «significant» that all G20 members including Russia have agreed on such terms as «all states must refrain from the threat or use of force to seek territorial acquisition.» However, he did not get into the specifics of the language of New Declaration whose formulation on Ukraine had a marked difference from the Bali formulation as it did not mention Russia by name. On the safety of Japan's release of treated radioactive water from the Fukushima nuclear power plant Kishida said, «Many countries already viewed the process of discharge as safe and transparent. I feel now that such understanding has spread further.” Meanwhile, PM Narendra Modi and Brazil President Luiz Inácio Lula da Silva held a substantive dialogue here on Sunday and underscored the need for open, unimpeded and reliable food supply chains and called upon the international community to ensure that agricultural trade is not affected by unilateral restrictions and protectionist measures, duly taking into consideration the Multilateral trade rules. The two leaders expressed satisfaction over the formation of Joint Technical Committees to facilitate trade in agriculture and animal husbandry products, officials said. Modi and Lula agreed that economic exchanges between Brazil and India have the potential for further growth, taking advantage of the scale of their respective economies and the potential for forging industrial partnerships.

typhoon kept southern China drenched for the seventh day as slow-moving storm clouds drifted from Guangdong on the coast to Guangxi, flooding low-lying areas, blocking roads and trapping residents. In the rural county of Bobai in Guangxi region, rescuers on assault boats have scrambled to pull people to safety since Sunday night as water more than 2 metres (6.6 feet) deep stranded residents in low-rise homes, state media reported on Monday. Heavy rain is expected to persist in Guangxi over the next few days. Haikui has weakened from a typhoon to a tropical storm since making landfall in Fujian province on Sept. 5, but its residual circulation has continued to wreak havoc in southern China, with the populous city of Shenzhen deluged by the heaviest rain since records began in 1952.

Nippon India Small Cap fund is nearing a double century. The figure does not represent its return, but the number of stocks in its portfolio. Yet, it is carrying its size with elan.

G20 Summit began on a controversial note with Opposition leaders raging over waterlogging at the venue. Members of the Congress, AAP and TMC were among the many politicians and critics that shared videos from Bharat Mandapam (as the newly inaugurated building is known) to underscore their point, eventually prompting a fact check from the Centre. “A video claims that there is waterlogging at venue of G20 Summit.

SANTIAGO (Reuters) — The presidents of Chile and Mexico called for the strengthening of democracy in Latin America during a joint address on Sunday to commemorate the 50th anniversary of a 1973 coup in Chile, hours after a peaceful march culminated in violent clashes with police.

By Jihed Abidellaoui, Alexander Cornwell and Ahmed Eljechtimi

agricultural equipment. India is already a large producer of diesel engines to meet JCB’s global needs, and it would take up the manufacture of even hydrogen engines once the technology is mastered and put into JCB machines, chairman Lord Bamford said. “We make engines in India.

Fumio Kishida said he plans to reshuffle his cabinet as early as Wednesday, and will compile a package of «drastic» economic measures soon after to boost the country's fragile recovery. «I'm thinking of conducting a personnel change of party leadership and of the cabinet as early as the 13th,» Kishida told a press conference in New Delhi on Sunday, on the sidelines of a G20 summit meeting. «On economic measures, I want them to protect the people's lives from price hikes and to reinforce the trend of wage increases and investment expansion.

Japanese PM Fumio Kishida on Sunday said the New Delhi Declaration was significant as all members, including Russia, agreed that «states must refrain from the threat or use of force to seek territorial acquisition». However, he did not get into the specifics of the language of declaration. On the safety of Japan's release of treated radioactive water from the Fukushima nuclear power plant, he said, «Many countries already viewed the process of discharge as safe and transparent.

JCB) Excavators, one of the world's largest manufacturers of construction equipment like backhoe loaders and telescopic handlers, aims to increase exports from its India unit this year to 45% of its output, up from 10% five years ago, a top executive said. India, one of the fastest-growing major economies, is JCB's largest market outside Europe. Here, the Bamford family-owned company is also looking to test its recently developed hydrogen combustion engine, its chairman, Lord Bamford, told reporters at the company's global headquarters in Rocester, UK. JCB is also looking to make electrolysers which will produce hydrogen from water for testing its zero-emission backhoe loaders — a first in the construction equipment sector — Bamford said, adding that the electrolysers will be produced for captive consumption. The company plans to commence production of the electrolysers in the next 18 months at its UK facility.

NEW DELHI : The World Bank’s vision is being redefined to eradicate poverty on a “liveable planet" as part of ongoing reforms, its president Ajay Banga said on the sidelines of the New Delhi G20 summit, which has pledged to make multilateral lending work for poverty. “There’s a lot of work going on with the World Bank on the reform agenda.

The temperature says it's summer outside, but Delta Air Lines is training employees in how to de-ice an airplane — a critical part of flying during the cold winter months

Global Financial Crisis to precipitate ponderous deliberations into precipitate, coordinated action, such as infusion of liquidity, provision of swap lines to provide emergency access to foreign currency, institution of elevated capital adequacy norms for banks and extra, loss-absorbing buffers of capital for globally systemically important financial institutions, accompanied by periodic stress tests by banking regulators. The world does not face that kind of a crisis.