“I believe all rankings of this sort must be taken with a large grain of salt. There is no perfect yardstick for measuring corporate sustainability, and existing ratings vary enormously amongst themselves,” he says. He notes that a lot of banks made the Global 100 ranking, which may be easier to run as “clean” companies since they don’t make products, but it’s initially unclear whether or not Corporate Knights evaluates banks based on what they invest in, such as fossil fuels development, which could affect how sustainable they really are. (Toby Heaps, CEO of Corporate Knights, clarifies over email that for financial services sector companies, 50% of the rating is a function of the firm’s financing activities, specifically the percent of income that company earns from financing activities which benefit the planet, like renewable energy. Companies that have low ratios of financing “clean” businesses relative to … [Read more...] about These are the most sustainable corporations in the world
Accounting firm relocates
Plastiblends India: Masterbatch leader posted strong margin showKey aspects to watch: Improved balancesheet & higher promoter stakeGTPL Hathway: Topline aided by subscription revenue & EPC contractsEmami Paper Mills: Margins lift growth, but unsustainable debtThese are early days still for the Q3 FY20 results season. But there are a few companies that have bucked the broad weak trend. We have gone behind the scenes to figure out what stood the select few in good stead. … [Read more...] about Early Q3 picks: Remain selective and pay attention to fine print
The key takeaway from the earnings announced so far is this: the economic slowdown is hurting the pr banks. Most of the large bad loan accounts may get adjusted in the third and fourth quarters, but the real challenge for banks will be to expand their loan book, which in turn will help increase profits. … [Read more...] about Bad loan hit banks wary of corporate loans; what it means for a struggling economy?
Japyee Infratech, which built the country's first road expressway that is wide enough to land fighter jets during emergency, is also headed towards resolution with lenders on Tuesday accepting the offer of state-owned NBCC Ltd. The deal is slated to close in coming months. … [Read more...] about Patanjali Ayurved completes acquisition of bankrupt Ruchi Soya for Rs 4,350cr
Netflix misses its estimates about half the time, but the company suggested that, for this quarter, Disney Plus might have had a moderate impact. But in Hastings’ view, Disney is more of a threat to traditional television. “Most of their growth in the future is coming out of linear TV,” he said in a call with investors after the earnings announcement. … [Read more...] about Netflix Reports a subscriber bump as Disney joins the streaming party