CLIMATE OUTLOOK
India Inc. leverages ESG push to gain a competitive edge and attract investments: Jatinder Cheema
India Inc. is embracing ESG principles following government initiatives for long-term sustainability. Advocate Jatinder Cheema highlights the need for companies to adapt to new reporting norms. The Indian government's focus on ESG aligns with global trends and promotes sustainable development. Climate policies impact business regulations, emphasizing the shift towards sustainability and renewable energy sources.
Climate Change: Emerging variable in monetary policy
The late monsoon arrival and heat waves have led to a projected 5% year-on-year inflation in June, driven by rising food and fuel prices. Central banks worldwide are incorporating climate risks into their models, as supply shocks from climate change present challenges in achieving price stability and economic growth.
Why RBI should be concerned about climate change
Climatic factors are now increasingly playing an important role in influencing food and fuel inflation which tends to affect the overall inflation levels which is emerging as a big area of concern for monetary policy. ET explains how could climate change impact monetary policy.
Job Market Outlook: AI integration set to boost employment in financial and real estate sectors
Manpower Group's latest Net Employment Outlook for June to September 2024 showcases positive trends in India's employment sector, ranking sixth globally. Despite some decline, the Financial Services and Real Estate sectors are driving growth, with AI integration expected to further boost employment opportunities. Various sectors and regions display differing hiring intents, reflecting cautious optimism amidst ongoing global challenges.
Copper demand to rise significantly with shift to cleaner energy sources: HCL CMD Sharma
According to ICRA, the domestic refined copper demand growth is expected to remain healthy at 11 per cent in FY25, outpacing the rate of global growth in copper demand, given the Centre's thrust on infrastructure development and a gradual transition to renewable energy.
Majority of Indian employers plans to add staff in first six months of FY25: Survey
The Indian employment market is expected to expand by more than 6% in the first half of the fiscal year, driven by a positive economic climate across 23 industries, according to TeamLease Services' Employment Outlook Report for H1 FY25. The report, which surveyed 1,417 employers in 20 cities, found that 56% of employers plan to grow their workforce in the coming months, 23% expect to maintain current levels, and 21% foresee a decline in staff numbers.
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World Bank upgrades global growth outlook on resilient US economy
The World Bank raised its global growth outlook due to resilient consumer spending in the US, but warned of weak growth by historical standards.
US risks a ‘Forever’ trade war with China, says Economist Stephen Roach
The US is erecting new trade barriers that will hold back China’s sales of key products like electric vehicles, accusing Beijing of building excess capacity using state subsidies and flooding global markets with cheap products.
Aramco kicks off giant share sale in test of investor appetite
Saudi Arabia is looking to attract more international shareholders after Aramco’s mega IPO five years ago turned out to be largely a local affair. Investors will need to weigh a $124 billion annual dividend payout, one of the world’s heftiest, against shares that are far more expensive than other energy supermajors. Government control and the demand outlook for oil in the face of climate change also present long-term risks.
Traders are bracing for a record-smashing summer that will shake up commodities
Prices for some of the world’s most vital commodities — natural gas, power and staple crops like wheat and soy — are climbing.
Rising price of staples fueled India's inflation the most in FY24, says RBI report
The surge in food and beverage prices has emerged as a key factor driving India's inflation in the fiscal year 2024, according to the Reserve Bank of India's (RBI) annual report. The report reveals that the contribution of the food and beverages category to overall inflation increased to 60.3 percent for 2023-24, up from 46 percent the previous year.
As macro climate changes, GenAI will also scale up: Infosys CEO Salil Parekh
In a wide-ranging interview with Sameer Ranjan Bakshi, Beena Parmar and Surabhi Agarwal, Salil Parekh, chief executive and managing director of Infosys, spoke of his plans to prepare the $18.6 billion software services giant — through its Topaz platform — for the GenAI-led transformation that will take root as global macro-economic concerns ease.
FII action, rupee movement among 11 factors to set D-Street mood this week
Nifty closed the week with a 2.2% increase despite notable ups and downs, as seen in the India VIX reaching a 52-week peak with almost a 10% rise over four sessions. As trading resumes next Monday, numerous significant local and international events scheduled throughout the week are anticipated to influence market dynamics.
$215 trillion to save the planet is a bargain
By 2100, the permanent loss from additional warming under a “business as usual” scenario would rise to 52%, representing trillions of dollars in economic destruction.
India achieves $5 trillion market capitalization milestone, triples in a decade of economic progress
India's market capitalisation crossed $5 tn, tripling in a decade. Domestic ownership increased as foreign institutional ownership fell. GDP is expected to reach $5 tn in 3 years, $7 tn by 2030.
Fund Manager Talk | Chances of downside surprise in Nifty higher after elections: Viraj Gandhi, SAMCO Mutual Fund
CEO Viraj Gandhi of SAMCO Mutual Fund provides insights on market impact, sector preferences, and future trends including the renewable energy sector's growth in FY25.
UN raises India's 2024 growth forecast to 6.9%
The revision by the UN follows similar moves by other multilateral agencies following India's strong economic performance last fiscal.
UN revises India's 2024 growth forecast to 6.9%
“India’s economy is forecast to expand by 6.9 per cent in 2024 and 6.6 per cent in 2025,29 mainly driven by strong public investment and resilient private consumption,” the UN Department of Economic and Social Affairs said.
UN upgrades India's 2024 growth forecast to 6.9% from 6.2%
The World Economic Situation and Prospects as of mid-2024, released Thursday, said, "India's economy is forecast to expand by 6.9 per cent in 2024 and 6.6 per cent in 2025, mainly driven by strong public investment and resilient private consumption. Although subdued external demand will continue to weigh on merchandise export growth, pharmaceuticals and chemicals exports are expected to expand strongly."
Climate disruptions, biofuel policy again turn the heat on edible oil
Going by some recent developments around the world, edible oil trade agreements should have a provision for climate-related disruptions also.
World economy looks to dodge stagflation rut as outlook perks up
The brighter outlook indicates the world economy looks to avoid entering a stagflationary rut — a period of sluggish growth and rising unemployment mixed with elevated inflation
Above-normal monsoon rainfall predicted in south Asia
The South Asian Climate Outlook Forum predicts above-normal rainfall in most parts of south Asia during the 2024 southwest monsoon season, with India expected to experience below-normal rainfall. The forecast is based on favorable La Nina conditions, which are expected to set in by August-September. Moderate El Nino conditions are currently prevailing, with neutral conditions expected in the first half of the season. La Nina conditions, the antithesis of El Nino, are the dominant factor in the likelihood of above-normal rainfall.
2024 promises to be a non-linear market. Here are 3 key reasons why
Institutional investors grapple with non-linear markets, driven by earnings risk, high dispersion, and volatile interest rate outlook. Sector and stock rotation intensify post hot summer forecast, reflecting increased market participation amid erratic swings.
Mideast-related oil price spike threatens 'relatively good' economic outlook: IMF chief economist
The IMF now expects the world economy to grow by 3.2 percent this year and next, and inflation to continue to ease from its post-pandemic high, hitting 5.9 percent this year, and 4.5 percent next year amid elevated interest rates in many countries.
Climate conditions key to keep (inflation) elephant in the forest
The growth-inflation projections, too, were unchanged, with GDP growth seen at 7% for FY25 and retail inflation (CPI) at 4.5%. While there were modest revisions in its quarterly projections, the full-year estimates stay as is.
The great central bank policy reversal kicks off
Major central banks are poised to reverse a series of record interest rate hikes, but the descent in borrowing costs will be gradual and cautious. Economic factors, including concerns about inflation and structural shifts, will influence the pace and extent of rate cuts by major central banks like the Fed and ECB.
World resource extraction could surge 60% by 2060, UN warns
The UN warns that the extraction of Earth's natural resources could surge 60% by 2060, imperiling climate goals and economic prosperity. Wealthier countries have driven a tripling of global material use and have a higher demand for resources, contributing to climate impacts. The report calls for dramatic changes in energy, food, transport, and housing.
How to line up the Sustainable Development Goals' money
With only seven years left to achieve Agenda 2030, and the need to fill in the vast SDG financing gap of $3.9 trillion annually for developing countries, India has taken up mobilisation of climate finance, enabling financing of other SDGs and capacity-building as priorities of the G20 SFWG.
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