SUSTAINABLE
From age to A+ grade, India's new car scrapping rule puts fitness first
The Government of India's decision to base the end-of-life criteria for vehicles on fitness and pollution levels rather than age aims to promote better vehicle maintenance and reduce pollution. This policy change aligns with environmental goals and emphasizes the importance of robust and transparent fitness certification processes.
ET Startup Awards 2024: What the jury said about winners and nominees
After more than two hours of deliberations, the high-powered jury for the Economic Times Startup Awards 2024 selected the eight winners from a cohort of 41 nominees.
RBI DG asks NaBFID to develop self-sustainable business model, not dependent on government support
RBI Deputy Governor M Rajeshwar Rao urged NaBFID to create a self-sustainable business model without relying on government support. He emphasized the need for agile strategies and higher private sector involvement in infrastructure investments. Rao also highlighted the importance of risk management and project appraisal expertise for NaBFID's success.
Oil prices fall: Petrol, diesel price cut if decline sustained
Price of international crude oil - the raw material for making petrol and diesel - dropped to a three-year low before marginally recovering but a revision in domestic petrol and diesel rates is likely only if lower rates are sustained, industry sources and officials said.
NMDC exploring mining opportunities for critical minerals overseas
NMDC, India's largest iron ore miner, is exploring mining opportunities for critical minerals like lithium in Australia. The company aims to nearly double its production capacity to 100 million tonnes by 2030. Key initiatives include advanced slurry pipelines and beneficiation plants, focusing on sustainable growth and reducing environmental impact.
Renewable firms hiring talent across levels amid expansion
India's renewable energy companies, including Adani Green Energy and Tata Power Renewable Energy, are ramping up hiring to support the nation's goal of net zero emissions by 2070. They seek talent in areas like project management, data science, and solar manufacturing. Companies are also collaborating with government bodies and engineering colleges for recruitment and upskilling initiatives.
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Efforts on to make India a global aviation hub, manufacture aircraft: Naidu
Union minister K Rammohan Naidu announced efforts to make India a global aviation hub and start manufacturing aircraft. Speaking at the Asia Pacific Ministerial Conference on Civil Aviation, he highlighted infrastructure, integration, and innovation as key growth elements. The number of operational airports in India has grown significantly since 2014.
98.1% Bengaluru respondents push for EV transition of fleets for last mile delivery: Study
A study by Sustainability Mobility Network reveals that 98.1% of Bengaluru respondents find EV transition crucial for reducing air pollution. Over 80% are willing to switch to brands with strong emission reduction commitments. The report, released on World EV Day, highlights consumer demand for sustainable practices in last-mile delivery services.
UDAAN scheme to continue for 10 more years: Civil Aviation Minister Ram Mohan Naidu
Civil Aviation Minister Ram Mohan Naidu announced the extension of the UDAN scheme for ten more years, aiming to enhance regional air connectivity. The scheme has already benefitted over 1.4 crore passengers and operated 2.8 lakh flights. The government plans to develop 350-400 airports in the next 20-25 years, making air travel more accessible and affordable.
Three generations of UAE leadership plant sapling at Rajghat
The special relationship between India and the UAE is marked by a tradition of tree planting at Rajghat in New Delhi. Initiated by Sheikh Zayed Bin Sultan Al Nahyan in 1992, this tradition has been upheld by his son and grandson, reflecting the enduring ties between the two countries.
Morgan Stanley quietly walks away from plastics financing goal
Morgan Stanley will no longer track financing activities related to plastic waste as a standalone goal but will continue working with clients and partners on sustainable finance solutions, aiming to mobilize $1 trillion by 2030.
Road to developed economy: Country needs to foster a strong synergy between urban and rural India
The Viksit Bharat initiative aims to elevate the average income of 1.5 billion Indians to match that of developed nations by 2047. India's urban population is expected to grow from 34% in 2018 to 40% by 2030, while the rural population will see a slight decrease. To achieve developed status, a strong synergy between urban and rural areas is essential.
PLI should reward EV cell making, not batteries: GTRI
Think tank Global Trade Research Initiative (GTRI) suggests that India's production linked incentive (PLI) scheme should focus on making electric vehicle (EV) cells rather than batteries. GTRI highlights the need for battery recycling infrastructure and clean energy sources to power EV charging stations, while emphasizing long-term sustainability over short-term gains.
India's strategic leap: 12 new industrial parks to drive sustainable urbanisation & manufacturing growth
India's push for manufacturing-led urbanisation aims to boost economic growth and living standards. The government has approved 12 new industrial parks under the National Industrial Corridor Development Programme, focusing on sustainable infrastructure and job creation. This initiative is crucial as over 500 million people are expected to settle in urban areas.
Resource rich Kazakhstan positions itself as a middle power
Kazakhstan will host its first Astana Think Tank Forum on October 16-17, organized by the Kazakhstan Institute for Strategic Studies. The event will gather directors of foreign policy think tanks, researchers, advisors, and diplomats to discuss the roles of middle powers in global affairs. Key themes include foreign policy, economic influence, security dynamics, multilateralism, and emerging challenges.
Netflix wants to shrink your favourite TV show’s carbon footprint
Netflix is making strides in sustainability by replacing diesel generators with greener alternatives on sets like Virgin River.
Transforming India's industrial landscape through smart cities
India's National Industrial Corridor Development Programme aims to establish 12 industrial smart cities along the Golden Quadrilateral. This initiative is expected to generate significant employment and attract global investors, enhancing India's role in global value chains. The focus on sustainable development and strategic location underscores its commitment to balanced regional growth.
ICSI introduces framework for sustainable, responsible investment practices
The Institute of Company Secretaries of India (ICSI) has introduced a framework to encourage sustainable and responsible investment practices. The ICSI Guiding Principles on Stewardship (IGPS) aims to empower institutional investors and service providers by outlining best practices for responsible investment, covering environmental, social, and governance factors. The framework was launched at the Middle East Conference in Abu Dhabi.
PM Modi to launch 'Jal Sanchay Jan Bhagidari' initiative in Gujarat
Prime Minister Narendra Modi will launch the "Jal Sanchay Jan Bhagidari" initiative in Surat, Gujarat, to enhance community involvement in water conservation. This initiative aligns with the "Jal Shakti Abhiyan: Catch the Rain" campaign and aims to mobilise citizens and stakeholders to implement rainwater-harvesting structures, promoting sustainable water management across India.
Recycling startup RecommerceX raises $3.6 million in round led by Accel, Kae Capital
The chemical recycling and sustainability startup will use the funds to expand the team, develop tech platform, push R&D for advanced material recovery, and scale its operations. RecommerceX targets medium to large manufacturing companies and engineering, procurement, and construction (EPC) firms as its primary customers.
Technology is key to boost efficiency and sustainability of biofuels sector, says Ashvin Patil, Biofuels Junction
The director of the biofuel supply chain player, Ashvin Patil, says agriculture is spread across the country and reaching all farms on time to collect waste needs more innovation.
Need to adopt advanced tech to optimise agri operations: PK Mishra
PK Mishra, principal secretary to the Prime Minister, emphasized the need for sustainable agricultural practices and advanced technologies for long-term productivity and environmental health. Speaking at Sardar Patel University, he highlighted Gujarat's transformation in agriculture over the past 25 years as a model for other states to follow.
View: India-Singapore ties will enable us to enhance economic cooperation
India's engagement with Singapore has grown significantly, driven by the 'Act East Policy.' Key areas of collaboration include infrastructure, sustainability, artificial intelligence, skill development, and advanced manufacturing. These partnerships aim to enhance economic cooperation and foster mutual growth between the two nations.
India needs to build strong skills in sustainable fashion: Shahi Exports’ Giri
The rise in global demand for sustainably sourced clothing highlights that the stakeholders in the country should come together to focus on the development of relevant talent.
Zerodha's Nikhil Kamath reveals sector he is most bullish on for next three years
Nikhil Kamath shared insights on strategic sector selection in a recent podcast, emphasizing the energy transition sector as a key area for investment over the next three years. He advised entrepreneurs to focus on sectors with long-term growth potential, such as renewable energy, rather than following trends or passion-driven industries. Kamath also highlighted the importance of thorough research, patience, and adaptability in business, cautioning against clinging to failing projects.
How TapFin is opening the funding tap for startups in sustainability space
There are more startups in the sustainability space today but they struggle to get past financial barriers due to various issues. A Mumbai-based financing platform wants to level the playing field for these newcomers.
UltraTech raises $500 million through sustainability-linked financing
UltraTech Cement raised $500 million through a sustainability-linked loan, marking its second such endeavour after a 2021 bond issuance. Six banks, including SMBC and SBI, participated. The company posted a slight increase in net profit for the quarter ended June 30, 2024, compared to the previous year, with revenue also seeing a modest rise.
Jr NTR health update: Actor sustains injury during gym workout. Will he be back to work?
Jr NTR recently completed filming Devara: Part 1 despite sustaining a minor wrist injury while working out. His team confirmed that the injury required his hand to be immobilized with a cast, but the actor remained committed to finishing the shoot. Jr NTR shared his gratitude for the team and fans on social media, expressing excitement for the film's release on September 27, 2024. As he recovers, fans are eagerly anticipating his return and his upcoming projects.
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