The plights of the traditional unorganised and informal co-living sector are plenty Mark Twain once famously said: “Buy land, they’re not making it anymore.” Real estate is one of our most scarce resources. As per IBEF’s Real Estate Report (November 2020), the real estate sector in India is expected to reach US $ 1 trillion by 2030. By 2025, it will contribute 13 percent to the country’s GDP. The residential segment contributes nearly 80 percent of the real estate sector and the demand concentrated in metro cities constantly outmatches supply since India’s urban housing pyramid is a skewed one with the largest proportion of the population being under-served due to issues of affordability. The metro cities in India have witnessed rapid growth in-migration, which has put considerable pressure on the existing rental housing set-up which itself was not historically designed in order to cater to the demand. With more millennials entering the workforce and contributing towards a … [Read more...] about Future of co-living in India after COVID-19: 3 crucial factors
India human development report 2011
Human activity is leading to more disasters: UN report
Representative image Human activity is contributing to an increasing number of disasters, with 350 and 500 medium-sized or large disasters a year occurring globally in the past two decades and more frequent events expected, according to a UN report. The number of disasters - many of them weather-related such as fires and floods, but also other hazards such as pandemics or chemical accidents - could reach 560 a year, or 1.5 a day, by 2030, putting millions of lives in danger, the UN Office for Disaster Risk Reduction (UNDRR) said in its global assessment report. Climate change is causing more extreme weather events, it said, adding humans have made decisions which are too narrow in focus and have been over-optimistic about the risk of potential disasters, leaving them unprepared. The impact of disasters has also been heightened by growing populations in areas more prone to natural catastrophes, the report said. "The world needs to do more to incorporate disaster risk in … [Read more...] about Human activity is leading to more disasters: UN report
Storyboard18 | P&G India renews commitments to diversity and inclusion at #WeSeeEqual summit
Sharat Verma, CMO, Procter & Gamble India. (Image: CNBC-TV18) Procter & Gamble India announced new commitments aimed toward advancing equality and inclusion across India, at its third annual #WeSeeEqual summit. Built on the theme ‘#Unlearn and #Unleash’, the summit saw P&G India commit to several actions. P&G India will improve the accessibility of its brand advertising, including social media content and websites, by making it accessible to people with vision and hearing impairments by 2024. “I think by 2024-25 we should have all of our content accessible and inclusive. We are also on a journey to explore more ways and mechanisms to do this for other touchpoints. We have also made early progress; for example, Ariel and Tide are accessible to people with colour blindness. We are also working towards audio descriptions and captions in our advertising commercials,” says Sharat Verma, CMO, Procter & Gamble India. P&G India also announced that it will … [Read more...] about Storyboard18 | P&G India renews commitments to diversity and inclusion at #WeSeeEqual summit
Buy State Bank of India; target of Rs 605: ICICI Direct
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on State Bank of India SBI is a public sector bank and also the largest bank in India with a balance sheet size of over ~ RS 54 lakh crore. Strength in retail portfolios and best operating metrics in the PSU banking space • Large subsidiaries, strong outlook adding value to the banks. Outlook We retain our BUY rating on the stock. We value the bank at ~1.1x FY24E ABV (from 1.2x) and subsidiaries at ~RS 186 per share to arrive at a revised target price of RS 605 from RS650 earlier. Close For all recommendations report, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. … [Read more...] about Buy State Bank of India; target of Rs 605: ICICI Direct
Hold Castrol India; target of Rs 110: ICICI Direct
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Castrol India Castrol India, a subsidiary of BP, operates in the lubricants business and caters to automotive and industrial segments. Automotive segment volumes contribute 80-85% of total sales volume • Castrol has high pricing power and commands premium for its products. Outlook We retain HOLD rating on the stock. We value Castrol India at Rs 110 i.e.~13x CY23E EPS. Close For all recommendations report, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Hold Castrol India; target of Rs 110: ICICI Direct
EU, India to set up council to broaden ties amid Ukraine war
The European Union (EU) and India agreed on Monday to set up a trade and technology council to step up cooperation between them, the two sides said in a joint statement as the EU chief met government officials in New Delhi. European Commission President Ursula von der Leyen is on a two-day visit to India's capital, part of Western efforts to encourage New Delhi to reduce ties to Russia, its main weapons supplier, following Moscow's invasion of Ukraine. India has refrained from explicitly condemning Russia's invasion of Ukraine, while calling for an immediate end to violence. Moscow calls its actions in Ukraine a "special military operation". The United States is the only other country that has a technical agreement with the EU similar to the one signed Monday with India. "Both sides agreed that rapid changes in the geopolitical environment highlight the need for joint in-depth strategic engagement," the EU-India statement said. Close "The Trade and Technology … [Read more...] about EU, India to set up council to broaden ties amid Ukraine war
World’s food problems piling up as India restricts wheat exports
Synopsis The surprising thing is that India isn’t even a prominent exporter on the world stage. The fact that it could have such a major impact underscores the bleak prospect for global wheat supplies. War has crippled Ukraine’s exports, and now droughts, floods and heat waves threaten crops in most major producers. India’s move to restrict wheat exports is set to reverberate through global agricultural markets, exposing just how tight global supplies are after the war in Ukraine and threatening to drive up food prices even more. The government said in a notification dated May 13 it will suspend overseas sales to manage its food security. This drew criticism from the agriculture ministers of the Group of Seven nations, who said that such measures make the world’s crisis worse. The surprising thing is that India isn’t even a prominent exporter on the world stage. The fact that it could have such a major impact underscores the bleak prospect for global wheat supplies. … [Read more...] about World’s food problems piling up as India restricts wheat exports
Foseco India Standalone March 2022 Net Sales at Rs 98.74 crore, up 11.56% Y-o-Y
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for Foseco India are: Net Sales at Rs 98.74 crore in March 2022 up 11.56% from Rs. 88.51 crore in March 2021. Quarterly Net Profit at Rs. 12.22 crore in March 2022 up 31.88% from Rs. 9.27 crore in March 2021. EBITDA stands at Rs. 17.74 crore in March 2022 up 32.78% from Rs. 13.36 crore in March 2021. Foseco India EPS has increased to Rs. 19.14 in March 2022 from Rs. 14.51 in March 2021. Close Foseco India shares closed at 1,297.30 on May 12, 2022 (NSE) and has given -12.25% returns over the last 6 months and -5.14% over the last 12 months. Foseco India Standalone Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations 98.74 87.46 88.51 Other … [Read more...] about Foseco India Standalone March 2022 Net Sales at Rs 98.74 crore, up 11.56% Y-o-Y
Formidable Human-AI Relations Can Accelerate Sustainability Efforts
Share to Twitter Share to Linkedin AJ Abdallat is CEO of Beyond Limits , a leader in artificial intelligence and cognitive computing. Artificial intelligence (AI), machine learning (ML) and similar digitalization solutions are modifying the way the world's most influential companies and industries — as well as entire cities — function every day. When working in harmony with humans, AI and other automation systems have the potential to make huge impacts on economic growth across the globe, going so far as to support solving humanity's most critical roadblocks, from streamlining energy production to improving grid systems and achieving more sustainable operations for nearly every major industry on Earth. As the CEO of an AI company making advanced digitalization software products and solutions, the paradigm of enabling people and AI to work together on achieving more sustainable operations is always top of mind; its importance cannot be curbed. As we … [Read more...] about Formidable Human-AI Relations Can Accelerate Sustainability Efforts
Pure Storage Releases First Annual Sustainability Report With Some Evergreen Surprises
Share to Twitter Share to Linkedin At a time when climate change and its adverse effects are garnering more headlines than ever, it has become more common for businesses of all shapes and sizes to tout their sustainability initiatives and credentials for all the world to see. Increasingly, consumers want to support companies that align with their values, and the same can be said for prospective employees looking for a new workplace. There are many ways businesses can minimize their environmental footprint, be it reducing their energy consumption, cutting carbon emissions, eliminating unnecessary waste, recycling or much more. A common method for sharing these sustainability benchmarks, goals and achievements is via an annual report released to the public (for example, Cisco’s Purpose Work Report ). This year, Pure Storage is putting its hat into the ring by releasing its first annual Environmental, Social & Governance (ESG) Report. Let’s take a closer look. … [Read more...] about Pure Storage Releases First Annual Sustainability Report With Some Evergreen Surprises