SUSTAINABLE DEVELOPMENT
IFC picks up 44% stake in Birla Estates’ two residential projects, invests Rs 420 cr
International Finance Corporation will invest Rupees 420 crore in Birla Estates' Thane and Pune housing projects. The investment aims to develop around 9.5 million sq ft of saleable area. IFC will hold a 44% stake in the projects. This partnership will expand access to sustainable housing for first-time home buyers.
Realty, renewables, roads to see Rs 17.5 lakh cr investment boost
India's real estate is transforming with premium housing demand and GCC influx, attracting significant investments alongside renewables and roads. Developer revenues are expected to grow steadily, while commercial real estate sees stable momentum. Despite challenges like excess supply and monetisation delays, healthy balance sheets and strong funding frameworks support infrastructure resilience.
Sustainability should be a foundational element, integrated from the project’s inception: Haresh Mirpuri
Mirpuri balances sustainability with aesthetics, functionality, and cost-effectiveness, advocating for responsible luxury through brands like Aranyani.
Chhattisgarh: ASP Akash Rao Giripunje killed after sustaining injuries in Sukma IED blast
Akash Rao Giripunje, Additional SP, lost his life in Sukma, Chhattisgarh. He succumbed to injuries from an IED blast. The incident occurred near Dondra on Konta-Errabora road. Akash Rao was on foot patrol duty. This was to prevent Naxalite incidents due to a Bharat Bandh call. Other officers and jawans were also injured.
How Kariwala Industries is championing sustainability and women's empowerment
The Kolkata-based textile company is making waves in the global market with its eco-friendly products and emphasis on gender equality.
MCX shares rise 4%, hit lifetime high on Sebi’s nod for launch of electricity derivatives
MCX has received Sebi approval to launch electricity derivatives, marking a historic first for India. The move is expected to deepen energy markets, help manage power price volatility, and support the country’s transition to a sustainable energy future. Backed by SEBI and CERC, the launch positions MCX as a pioneer in India's evolving commodity and energy trading landscape.
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RITES shares in focus after MoU with Hindustan Copper to build critical mineral supply chain
RITES Ltd has signed an MoU with Hindustan Copper Ltd to jointly develop a sustainable and self-reliant supply chain for critical minerals. The partnership aims to boost mineral security by supporting exploration, extraction, and infrastructure development both in India and overseas.
India's first-ever professional basketball league announced in association with BFI
This league is a collaboration between the Basketball Federation of India (BFI) and ACG Sports Private Limited. Designed to redefine how the sport is played, experienced, and supported in India, the league aims to shift basketball from a niche discipline into a mainstream pursuit.
India calls for global facility for disaster risk reduction
India has advocated for a UN-backed global facility to enhance disaster risk reduction (DRR) efforts worldwide, addressing a critical gap in international financial support. PK Mishra highlighted the necessity of a dedicated mechanism to aid vulnerable nations in preparing for climate-related disasters. The call emphasizes nationally driven frameworks supported by diverse financial instruments like risk pooling and insurance.
MCX gets Sebi nod to launch electricity derivatives
MCX has received SEBI approval to launch electricity derivatives, marking a major step in India’s energy trading evolution. These contracts will help power market participants hedge price risks, support renewable energy goals, and deepen market efficiency in alignment with India’s Viksit Bharat vision.
Lloyds’ Surjagarh mine set to be the first ‘green mine’ of India
Lloyds Metals and Energy Ltd's Surjagarh Iron Ore Mine in Maharashtra is pioneering green mining in India, aiming to be the first of its kind. Through green technologies and a commitment to decarbonization, the mine has significantly reduced CO₂ emissions.
Singapore's Temasek appoints former deputy PM Teo Chee Hean as next chairman
Temasek Holdings has announced that former senior minister Teo Chee Hean will become deputy chairman on 1 July and succeed Lim Boon Heng as chairman on 9 October. Teo brings decades of public service experience. The leadership transition coincides with board retirements and reflects Temasek’s continued global expansion and growth.
Indian maritime firms bag shipbuilding deals, secures green tech and knowledge partnerships at Nor-Shipping in Oslo
Union Minister Sarbananda Sonowal witnessed the signing of MoUs between Indian maritime companies and global leaders in Oslo, fostering collaboration in shipbuilding, offshore platforms, and green technologies.
ET Graphics | Bricks, bytes & bamboo: How green buildings are quietly rerouting India’s skyline
India is making strides towards net-zero goals. Green buildings are becoming more common. Sustainable construction is growing nationwide. India ranks third globally in LEED-certified spaces. This contributes significantly to global green building efforts. Eco-friendly real estate is changing construction. Housing, offices, schools, airports, IT parks, and hospitals are all impacted. This shift is reshaping how buildings are built and used.
Praj Industries shares in focus on securing bioethanol project in Paraguay
Praj Industries shares: Through this strategic partnership, Praj will contribute to the development, evaluation, and step-by-step implementation of the biorefinery, which is designed to produce ethanol along with co-products including distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF).
Smart development means eco smart
India and Japan are collaborating to enhance maritime cooperation, focusing on sustainable technologies and infrastructure development in the Andaman & Nicobar and Lakshadweep Islands. The initiative aims to transform these regions into 'Smart Islands' with renewable energy, digital infrastructure, and smart mobility.
Justice Oka highlights the interconnection between environmental justice and social justice at Climate Change Conference
Former Supreme Court judge Abhay S Oka says environmental issues impact human lives. He links environmental protection to social justice, citing Delhi's air pollution as an example. Oka highlights the effect of pollution on vulnerable communities' livelihoods. He questions the definition of development and emphasizes the importance of environmental awareness.
India-Kyrgyz Bilateral Investment Treaty comes into force, replaces agreement of 2000
India and Kyrgyzstan have reinforced their economic ties with the enforcement of a new Bilateral Investment Treaty (BIT), effective June 5, 2025. Replacing the 2000 agreement, the BIT aims to protect cross-border investments and create a secure environment for investors. It balances investor rights with sovereign regulatory powers, promoting sustainable development and transparent investment.
Towards Net Zero: Rethinking business for a sustainable future
Indian businesses are increasingly focused on achieving net-zero emissions by 2070, integrating sustainability into their core strategies. Companies are measuring their environmental impact, reducing carbon footprints, and adopting renewable energy sources. Embracing energy efficiency, digitalization, and regulatory compliance is crucial for driving sustainable practices and contributing to India's broader environmental goals.
Future-proofing the business: How Indian firms are leveraging ESG for growth
Integrating sustainability is crucial for navigating risks, enhancing brand value, and ensuring long-term business resilience in a volatile world.
Make in India, circularity, and fitness fads – Decathlon wants a chunk of India’s sports retail pie
With 1,750 stores worldwide and 133 stores in India, the sports retailer is now looking to further its sustainability operations in the India market.
Periodic Labour Force Survey to give age-disaggregated data
The Ministry of Statistics and Programme Implementation (MoSPI) will soon provide age-disaggregated NEET data through the Periodic Labour Force Survey (PLFS). This enhancement aims to improve the accuracy of NEET population estimates among youth and adults. It will assist the Ministry of Skills Development and Entrepreneurship in creating targeted and data-driven skill development programs.
India showcases world's largest DRR financing system at UN disaster platform in Geneva
P.K. Mishra highlighted India's Disaster Risk Reduction financing at a Geneva event. India's system exceeds USD 28 billion. He advocated for global catalytic funding and knowledge exchange. Mishra commended the UN for its DRR financing efforts. He also met with officials from Kenya and the Philippines. Discussions focused on strengthening cooperation in disaster risk reduction.
LTTS bags deal to set up offshore development centre for US firm Tennant
L&T Technology Services (LTTS) has partnered with Tennant Company to develop sustainable cleaning products, establishing an engineering center in India. This collaboration will focus on integrating automation, IoT, and digital features into Tennant's equipment. The partnership aims to drive innovation, expand into emerging markets, and contribute to a greener future.
India vehemently opposed ADB's loan Pakistan as it could be misused: Govt sources
India has expressed strong opposition to the Asian Development Bank's decision to grant an USD 800 million loan to Pakistan. Indian government sources worry the funds could be diverted to increase military spending. India has raised concerns about Pakistan's economic management and the army's influence. They also highlighted the risks of cross-border terrorism and its impact on the region's security.
ADB approves $800 million package for Pakistan
The Asian Development Bank (ADB) has approved an $800 million financing package for Pakistan to bolster fiscal sustainability and enhance public financial management. This includes a $300 million policy-based loan and a $500 million program-based guarantee, expected to mobilize up to $1 billion from commercial banks. The program aims to improve tax policy, administration, and compliance, fostering sustainable growth.
Telangana to build 80 acre eco-town inspired by Japan's Kitakyushu city
Telangana is set to develop an 80-acre eco-town inspired by Kitakyushu, Japan, focusing on sustainable development. This initiative follows a cooperation agreement aimed at boosting Japanese investment and collaboration on Net Zero targets, circular economy, and clean technologies. The government will also explore direct flights between Hyderabad and Kitakyushu to strengthen ties.
India to develop 50 more airports in 5 years: K Rammohan Naidu
Union Minister K Rammohan Naidu announced India's ambitious plan to add 50 more airports in the next five years, building upon the existing 162. He highlighted the success of the UDAN scheme in democratizing air travel by operationalizing 619 routes.
ADB commits $10 bn plan for India's urban transformation
The Asian Development Bank (ADB) has pledged up to USD 10 billion towards India's urban transformation over the next five years, focusing on metro extensions and infrastructure development. This initiative aims to attract private investment through the Urban Challenge Fund and improve urban infrastructure in 100 cities.
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