Sibi Sathyan
Cyan Renewables Acquires MMA Offshore in $726 Million Deal
MMA shareholders will receive A$2.70 per share in cash, representing a premium of 36% over the stock’s 90-day average price.
Indian Businesses Lead in ESG than Global Counterparts: Study
The study revealed that Indian companies are more likely to be engaged in ESG reporting and compliance (65%) compared to Singapore (62%), Hong Kong (53%), and China (41%).
FM Announces Policies to Boost Solar and Nuclear Power; EVs and Hybrid Neglected
For promoting women-led development, the budget carries an allocation of more than Rs 3 lakh crore for schemes benefiting women and girls.
India Making Strides in Climate Action: Forests to Absorb More Carbon; Economic Survey
The country’s GDP grew at a healthy 7% rate between 2005 and 2019, while emissions increased at a slower pace of 4%.
ESG Now a Key Factor in M&A Deals: KPMG Survey
A key finding of the survey is that companies with high ESG maturity are commanding premium valuations.
FAME III on the Cards, But Not in Budget
The previous FAME II scheme, which concluded in March, had a hefty ₹11,500 crore outlay. Compared to this, FAME III is expected to be smaller.
Climate Change Disrupts Education, Creates Learning Loss: UNESCO
According to the Global Education Monitoring Report (GEM), frequent school closures due to climate-related disasters contribute to a rise in dropout rates and a decline in academic performance.
GRI Launches Service to Bridge EU Sustainability Reporting Gap
The GRI-ESRS Linkage Service aims to simplify compliance with the bloc’s new Corporate Sustainability Reporting Directive (CSRD).
China Retaliates with Trade Probe After EU Scrutinizes Solar, Wind Power
China’s probe will examine wind turbines, photovoltaic cells (used in solar panels), security equipment, and other products and will conclude by January 10th, 2025, with a possible extension to April.
Uttar Pradesh Cuts Road Tax on Hybrid Cars
Leading automakers Maruti Suzuki and Toyota are expected to see a significant rise in sales with this move.