Representative image | Photo Credit: Special Arrangement ACME Group is planning to invest about ₹5,000 crore to establish a 1.2 million tonnes per annum (MTPA) Green Hot Briquetted Iron and Green Direct Reduced Iron (HBI/GRI) facility (phase 1) for the production of green steel, according to people familiar with the development. “Our greenfield facility will produce some of the lowest carbon emission green HBI and DRI products, underscoring our commitment as a leader of clean technology solutions in India,”.Manoj Kumar Upadhyay, chairman, ACME Group, said on Sunday (October 12, 205) the company said it has executed a binding term sheet…
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Image source: easyJet plc Few companies on the London Stock Exchange have a price-to-earnings ratio as low as nine. When a firm trades at nine times earnings, it’s like investors are paying £9 for each £1 of yearly profit. This is the realm of cheap shares, basically. Such lows are often found in ‘dying’ sectors. Oil and tobacco are industries where you might expect to find such cheap valuations these days. Even though profits might be good now, the long-term prospects of such companies are often bleak. But sometimes a cheap P/E ratio can be a golden opportunity. Warren Buffett…
CFC, an insurance provider with a focus on carbon-related risks, has announced its approval as one of the first private insurers authorised to issue policies that support the eligibility of carbon credits under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). CORSIA, developed by the International Civil Aviation Organisation (ICAO), is a global initiative aimed at controlling carbon emissions from international air travel. During its first phase (2024–2026), participating airlines must offset a portion of their emissions. From 2027 onward, participation will become mandatory for most ICAO member countries. CFC’s CORSIA Guarantee Insurance (CGI) has been approved by…
Image source: Getty Images I considered veterinary services provider CVS Group (LSE:CVSG) to be a white-hot growth share when I invested back in 2020. However, news of an industry-wide review by the competition watchdog prompted me to sell up sooner than I’d hoped. I didn’t appreciate the threat of a sector shake-up and what this could mean for earnings. I wasn’t alone, and sold my holdings in September 2023 as the CVS share price crashed. I’m pleased I sold when I did, given the scale of the share price fall. At £14.28 per share today, CVS shares remain well below…
Oka has been granted approval by Gold Standard to underwrite carbon credits issued under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) using its corresponding adjustment protect insurance policy. Source link
Representatives from the Mexican state of Tamaulipas, Earth Carbon and the nonprofit BCarbon met at Rice’s Baker Institute for Public Policy last month to sign a memorandum of understanding recognizing their collaboration in carbon sequestration. Since then, Since then, in accord with an MOU between BCarbon and Rice, the team has been in Mexico meeting with stakeholders and changemakers to create a carbon market that benefits the community. Source link
Image source: Getty Images Despite all the concerns about an AI bubble, Nvidia stock has still managed to more than double the S&P 500‘s return over the past year. Looking ahead to the next 12 months, however, analysts see more price appreciation potential in Beeks Financial Cloud (LSE:BKS). This UK small-cap stock has dropped 30% since February. Now at 223p, it sits nearly 50% below an average share price target of 335p set by two City analysts. Here, I’ll explain why I recently started a small position in the stock, and why I reckon it’s worth a look. Under the radar…
RIYADH: Saudi Arabia’s consumer prices dipped 0.1 percent in September from the previous month, signaling continued economic stability as the Kingdom maintains moderate inflationary pressure. According to the General Authority for Statistics, the monthly decline was mainly driven by lower transport costs, along with decreases in restaurant and accommodation services, furnishings, and communication prices. This helped Saudi Arabia’s annual inflation rate stand at 2.2 percent in September, driven primarily by rising housing and water costs. This is in line with the International Monetary Fund’s latest World Economic Outlook report, which projects that the Kingdom will maintain an annual…
Image source: Getty Images By mid-morning today (15 October), Burberry Group (LSE:BRBY) was the best performer on the FTSE 100 index. Its share price was up 7% after LVMH, owner of many luxury brands including Louis Vuitton and Dior, released its third-quarter (Q3) results. The Paris-based group beat analysts’ expectations with a 1% increase in sales and its shares soared 14%. Investors on both sides of the English Channel clearly feel this could be the start of a recovery for the troubled sector. The jump in Burberry’s share price also comes after a broker upgrade on 9 October. Deutsche Bank…
CORSIA, established by the International Civil Aviation Organization (ICAO), is a global initiative aimed at limiting carbon emissions from international flights. In its initial phase, airlines from participating countries must offset a portion of their emissions between 2024 and 2026. The scheme will become mandatory for most ICAO member states beginning in 2027. Source link