Green finance market

India's commitment to the Paris Accord is not just a survival goal. It's India's opportunity to catapult itself among the "Great Powers"

Green finance market size could be $5.6 trn by 2047

Business Standard

Telangana Chief Minister A Revanth Reddy on Sunday countered Prime Minister Narendra Modi's comments that farmers in the state are still waiting for loan waivers, and said that the crop loan waiver scheme is being implemented successfully in the state.
Reddy also addressed a letter to Modi in response to the latter's comments on loan waivers in Telangana.
The chief minister, in his letter to Modi, said he is pained and surprised by the PM's comments as it does not reflect the reality on the ground.
In a post on X, he said every crop loan below Rs 2 lakh was waived totally as promised by the government.
"Dear Shri @narendramodi ji - Apropos, and in response to your speech mentioning about farmers loan waivers in Telangana - I am sharing all facts about its successful implementation within our first year of governance," he said.
"In our governmentevery crop loan below Rs 2 lakh was waived totally as promised. This covered a total of 22,22,067 farmers, with an amount of Rs 17,869.22 

A Revanth Reddy

The winner of the England vs South Africa game will jump up to the top spot on the Group B points table

ENG-W vs SA-W

Since the March swing lows, prices of JK Paper saw a strong rally, doubling from Rs 320 to Rs 640. However, over the last couple of months, prices entered a correction phase

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.

Stocks to Watch: Life Insurance Corporation of India has increased its shareholding in Bank of Maharashtra from 4.05 per cent to 7.10 per cent following the allotment of shares during a QIP.

Stock Market, Market

Adani group has started blending green hydrogen in natural gas that is supplied to households for cooking purposes in parts of Ahmedabad, with a view to cut emissions and meet net-zero targets.
Adani Total Gas Ltd, the group's city gas joint venture with French energy giant TotalEnergies, has started blending 2.2-2.3 per cent of green hydrogen in piped natural gas supplies in Shantigram in Ahmedabad, the firm said in a post on LinkedIn.
Hydrogen produced through clean pathways is injected into natural gas pipelines, and the resulting blends are used to generate heat and power with lower emissions than using natural gas alone.
The firm has started producing green hydrogen by using renewable energy sources like wind or solar power, to split water into hydrogen and oxygen through a process called electrolysis. This hydrogen is blended in natural gas that is currently piped to households for cooking purposes and industries.
"We are thrilled to announce the successful commissioning of o

adani

Moderating credit growth, rising deposit cost likely to weigh on net interest income

The government will consider allowing higher fines on banks for not  complying with regulatory guidelines amid concerns that the current penalty amounts may not act as effective deterrents for large organisations or repeat offenders. The Centre is op

Nine of the top-10 most valued firms together lost a whopping Rs 4,74,906.18 crore in market valuation last week, with Reliance Industries and HDFC Bank taking the steepest hit, in line with weak trends in equities.
Markets faced heavy drubbing last week amid worsening tensions in the Middle East and foreign fund outflows. In a holiday-shortened week, the BSE benchmark plummeted 3,883.4 points, or 4.53 per cent.
The valuation of Reliance Industries declined Rs 1,88,479.36 crore to Rs 18,76,718.24 crore.
HDFC Bank's market valuation slumped Rs 72,919.58 crore to Rs 12,64,267.35 crore.
Bharti Airtel's valuation plunged Rs 53,800.31 crore to Rs 9,34,104.32 crore and that of ICICI Bank tumbled Rs 47,461.13 crore to Rs 8,73,059.59 crore.
The valuation of Life Insurance Corporation of India (LIC) plummeted Rs 33,490.86 crore to Rs 6,14,125.65 crore and that of Hindustan Unilever tanked Rs 27,525.46 crore to Rs 6,69,363.31 crore.
The market capitalisation (mcap) of ITC dropped Rs 24,139

Reliance

The Reserve Bank of India's (RBI's) interest rate decision, Middle East conflict and trading activity of foreign investors are the key factors that will dictate investors' sentiment in the market this week, analysts said.
Moreover, quarterly earnings from IT bellwether TCS, domestic macroeconomic data and movement in global oil benchmark Brent crude would also guide trends in the market.
Worsening tensions in the Middle East and foreign fund outflows were the major culprits behind the equity markets sharp fall last week.
"On the domestic front, the market's focus will be on the RBI Monetary Policy Committee (MPC), which is scheduled to meet from October 7 to 9, 2024, with the outcome to be announced on Wednesday," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said.
The second quarter earnings season is kicking off with TCS, he said.
"Domestically, liquidity remains strong, with signs of sectoral rotation from overvalued segments to areas with more attractive ...

Equity market trend attributed to faster growth in India Inc earnings

shanghai

At a time when the entire world recognises that China is a non-transparent and opaque economy, some people, possibly responsible for its growing influence in the India industry, are choosing to continue to praise or defend the China story, Commerce and Industry Minister Piyush Goyal said on Thursday.
Slamming the previous Congress-led government, he said it is a matter of "shame" that India allowed substandard and opaquely-priced Chinese goods to flood the Indian markets and kill Indian manufacturing.
"As regards China, it is very sad that some people, possibly responsible for the growing influence of China in the India industry, are choosing to continue to praise or defend the China story, whereas the whole world today recognises that China is a non-transparent and opaque economy," Goyal told Indian journalists at a news conference here.
He was responding to a question on recent remarks by Leader of Opposition in the Lok Sabha Rahul Gandhi during his US trip last month, alleging th

Piyush Goyal, Goyal, Commerce Minister

Oil prices rose following Biden's suggestion that US and Israeli officials were considering a possible Israeli strike on Iranian oil facilities

Joe Biden, Biden, Joe

Goyal discussed how historic reforms, diversification, and localised supply chains are transforming India into a global manufacturing powerhouse

Piyush Goyal

Minister of Commerce and Industry Piyush Goyal and US Commerce Secretary Gina Raimondo held the 6th Commercial Dialogue here on Thursday during which they reviewed the progress made in semiconductors supply chains, innovation handshake, energy-industry network and the Indo-Pacific Economic Framework for Prosperity.
A day earlier, the two leaders signed a new memorandum of understanding (MoU) to expand and diversify critical minerals supply chains, with the aim of leveraging the two countries' complementary strengths to ensure greater resilience in the critical minerals sector.
Priority areas of focus include identifying equipment, services, policies and best practices to facilitate the mutually-beneficial commercial development of the US and Indian critical minerals exploration, extraction, processing and refining, recycling and recovery, a media release said.
During the commercial dialogue, Goyal and Raimondo praised the two sides' continuing efforts to facilitate resilient, secure

The manager of the top-performing $23 billion GQG Partners Emerging Markets Equity Fund has kept his holdings in Chinese stocks at about 12 per cent

Rajiv Jain, GQG Partner

Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster

Nirmala Sitharaman, Nirmala, Finance Minister

The existing SIT, set up by the Andhra Pradesh government, will be replaced by the new team, which will comprise CBI officers, Andhra state police personnel and an FSSAI member

Supreme Court, SC

The Union govt has allocated over Rs 1 trillion to support two major agriculture support schemes: the PM-Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana

PM Modi chairs first meeting of his new Cabinet, attended by the newly-inducted ministers, at the prime minister's 7, Lok Kalyan Marg residence, in New Delhi, Monday, June 10, 2024. (PTI Photo)

Sankar Chakraborti

Sankar Chakraborti

Sankar Chakraborti

Green finance market size could be $5.6 trn by 2047

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