Latest news with #LCR
Yahoo
20-05-2025
- Business
- Yahoo
Emirates NBD Bank gets in-principle nod to create Indian subsidiary
The Reserve Bank of India (RBI) has issued 'in-principle' approval to Emirates NBD Bank PJSC, allowing the establishment of a wholly owned subsidiary (WOS) in India. This decision is part of the 'Scheme for Setting up of WOS by foreign banks in India.' Currently, Emirates NBD operates in India through branches located in Chennai, Gurugram, and Mumbai. The approval permits the bank to convert its existing branches into a WOS. Following this approval, the RBI will evaluate the bank's application for a banking licence under Section 22 (1) of the Banking Regulation Act, 1949. The issuance of the licence will depend on the bank meeting the conditions set forth by the RBI as part of the 'in-principle' approval process. Media reports indicate that Emirates NBD and others are interested in acquiring a majority stake in IDBI Bank, as the government initiates its disinvestment process, reported Business Standard. The government is offering a 30.48% stake, while the Life Insurance Corporation will sell 30.24%. The RBI is assessing the suitability of potential investors, as noted by the finance ministry in February. In April this year, the RBI released final guidelines for the Basel III Liquidity Coverage Ratio (LCR) framework, incorporating some relaxations from the draft proposal presented last July. A key change involves the classification of retail deposits facilitated by internet and mobile banking (IMB). In February this year, Australian fintech firm Findi's Indian subsidiary, Transaction Solutions International (TSI), received approval from RBI to acquire Tata Communications Payment Solutions (TCPSL), which operates the white-label ATM network Indicash. "Emirates NBD Bank gets in-principle nod to create Indian subsidiary" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
28-04-2025
- Business
- Mint
Britannia, Tata Consumer to HUL: 14 Nifty FMCG stocks rally up to 30% from March lows. What's behind the surge?
FMCG stocks today: Shares of Godrej Consumer Products, Tata Consumer Products, Britannia Industries, and other FMCG stocks have maintained their stellar run for the second consecutive month in April, building on notable gains recorded in March. For instance, the Godrej Consumer Products share price has gained 9.25% so far in April and risen 30% from its March lows to trade at ₹ 1,266 apiece, while Tata Consumer's share price has also jumped 15.35% in the current month and rallied 24% from March lows. Britannia Industries' share price has also surged 28% from its March lows, while other stocks such as Marico, United Spirits, Patanjali Foods, Nestle India, Varun Beverages, Emami, Colgate-Palmolive, ITC, United Breweries, Radico Khaitan, and Hindustan Unilever have rallied up to 24% from their March lows. The strong reversal in these stocks has also propelled the Nifty FMCG index to gain 6% so far in April and 13% from March lows. Meanwhile, overseas investors slowed down their selling spree, offloading ₹ 2,789 crore worth of Fast-Moving Consumer Goods (FMCG) stocks in March, compared to ₹ 6,991 crore worth of stocks sold in February, according to NSDL data. Investor sentiment has turned favourable towards more domestically focused stocks amid heightening global trade tensions, along with improving liquidity conditions, multiple rate cuts by the RBI, and income stimulus measures, which analysts believe could potentially boost domestic consumption in the current fiscal year. In addition, reasonable valuations have attracted value buyers to step in, resulting in strong gains for FMCG stocks on Dalal Street. The consumer goods stocks, known for their defensive nature, witnessed heavy selling pressure between October and February amid rising input costs, falling volumes, and weak demand from urban consumers, but analysts expect these challenges to recede in FY26E. In the Union Budget 2025-2026, the government has shifted its focus from capex to consumption for the first time in a decade, increasing the income tax exemption limit to ₹ 12 lakh in the Union Budget 2025. In line with the budget, the RBI, under the new governor, cut the repo rate for the two consecutive times and been taking various measures such as easing LCR requirements, aiming to boost consumption — a major driver of the Indian economy, prompting analysts to turn bullish on consumer goods makers. In its latest note, global brokerage firm UBS, has upgraded ratings on select group of stocks in the consumer sector—including Colgate, Trent, HUL and ITC— and retained its bullish view on other stocks such as Avenue Supermarts and GCPL as it believes the sector is poised for a strong rebound in the current fiscal year. The FMCG sector's share price weakness has been exacerbated by cyclical headwinds to demand and margins in recent years, but UBS expects these to recede in FY26E. As per the brokerage, the recovery is expected to be driven by earnings growth, attractive valuations, and the resolution of structural challenges. The brokerage expects earnings growth to turn around in FY26 and continue recovering in FY27 as the base normalizes and demand gradually picks up. Compared with 1% median earnings growth in FY25, UBS forecasts 13% growth in FY26 and an earnings CAGR of 12.8% between FY25 and FY27. According to the brokerage, weak demand and input cost pressures weighing on margins have already been priced in, given the sharp correction in the sector since the October 2024 peak. Valuations are now back in a reasonable range, with any earnings rebound potentially serving as a key catalyst. The brokerage recent discussions with industry experts indicate rural consumer sentiment is strong, and the demand outlook is promising. It believes urban mass market demand is recovering, with inflation falling from around 7% in FY23 to 3% as of March 2025, while premium segments continue to perform well in urban markets. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions. First Published: 28 Apr 2025, 01:36 PM IST
Yahoo
26-04-2025
- Business
- Yahoo
GCCA introduces global Low Carbon Ratings system for cement and concrete
The Global Cement and Concrete Association (GCCA) has unveiled the Low Carbon Ratings (LCR) for cement and concrete, a global rating system aimed at reducing the carbon footprint of construction materials. The LCR is designed to guide customers in choosing construction materials, employing an AA to G scale for comparison. The LCR system is inspired by existing energy performance evaluation tools, including the EU's Energy Performance Certificates and the US Home Energy Rating System, and offers a 'simple, transparent, and adaptable' approach for stakeholders in the construction sector. Builders, architects, governments, planners, and consumers can now make more informed decisions regarding the sustainability of the materials used. This new carbon rating system for cement and concrete is stated to provide 'consistency and comparability'. It features a simple visual graphic to denote the carbon efficiency of a product. The LCR is intended to complement Environmental Product Declarations (EPDs), which are verified by third parties. Countries have the option to adopt the global ratings as they stand or tailor them to align with local carbon accounting standards. GCCA chief executive Thomas Guillot said: 'Cement and concrete are the foundations of modern life - from the buildings we live and work in, to the roads we travel, and the infrastructure that supports clean water and green energy. As global demand for sustainable construction grows, the need for greater transparency around the carbon footprint of construction materials is more critical than ever.' 'Our Low Carbon Ratings system supports more sustainable procurement practices and will empower the entire value chain to accelerate decarbonisation. 'With this rating system in place, governments, policymakers and the private sector can now prioritise lower carbon cement and concrete in the procurement process, which will in turn further stimulate the industry's focus on decarbonising these essential building materials.' "GCCA introduces global Low Carbon Ratings system for cement and concrete" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Barnama
24-04-2025
- Business
- Barnama
World's first Low Carbon Ratings system for Cement and Concrete launches
LONDON, April 24 (Bernama) -- The Global Cement and Concrete Association (GCCA) announces the launch of Low Carbon Ratings (LCR) for Cement and Concrete - a first-of-its-kind transparent global rating system that will enable cement and concrete to be identified based on their carbon footprints. The ratings system is designed to help customers prioritise sustainability when selecting construction materials by using a clear and intuitive AA to G scale. Inspired by well-known appraising schemes such as the EU's Energy Performance Certificates and the US Home Energy Rating System, the LCR offers a simple, transparent, and adaptable tool that helps builders, architects, governments, planners, and consumers everywhere in the world to make more informed and sustainable choices.
National Post
24-04-2025
- Business
- National Post
World's first Low Carbon Ratings system for Cement and Concrete launches
Article content Sorry, your browser doesn't support embedded videos. Article content Article content Global system aims to incentivise procurement of more sustainable building materials System will provide transparency and trust, and help governments and businesses identify and buy more sustainable cement and concrete, the world's most used substance after water Article content LONDON — The Global Cement and Concrete Association (GCCA) announces the launch of Low Carbon Ratings (LCR) for Cement and Concrete – a first-of-its-kind transparent global rating system that will enable cement and concrete to be identified based on their carbon footprints. The ratings system is designed to help customers prioritise sustainability when selecting construction materials by using a clear and intuitive AA to G scale. Article content The ratings system is designed to help customers prioritise sustainability when selecting construction materials by using a clear and intuitive AA to G scale. Article content Inspired by well-known appraising schemes such as the EU's Energy Performance Certificates and the US Home Energy Rating System, the LCR offers a simple, transparent, and adaptable tool that helps builders, architects, governments, planners, and consumers everywhere in the world to make more informed and sustainable choices. Article content Thomas Guillot, Chief Executive of the GCCA, said: 'Cement and concrete are the foundations of modern life – from the buildings we live and work in, to the roads we travel, and the infrastructure that supports clean water and green energy. As global demand for sustainable construction grows, the need for greater transparency around the carbon footprint of construction materials is more critical than ever. Article content 'Our Low Carbon Ratings system supports more sustainable procurement practices and will empower the entire value chain to accelerate decarbonisation.' Article content The ratings system is designed to be easily recognisable – with a simple visual graphic that clearly indicates a product's rating. The carbon rating system for cement and concrete provides consistency and comparability. Countries can adopt the global ratings as they are, or adapt them if local carbon accounting differs from global norms. Article content Riccardo Savigliano, Chief, Energy Systems and Decarbonization Unit, UNIDO said: 'This is a huge step forward towards harmonizing global definitions for low emission cement and concrete in the support of decarbonization.' Article content With notable construction projects already demonstrating the use of lower carbon cement and concrete, the industry is making important progress. The launch of this global rating system marks another milestone on the road to greater sustainability. Article content Marlène Dance – Decarbonisation & Sustainable Design Expert, Bouygues Bâtiment International said: 'We believe a globally consistent carbon rating system—adopted by all countries and used by all concrete suppliers—would be a game changer. Article content 'We see great value in a simple, user-friendly tool, tailored for construction teams. It will help empower our site crews to better understand and manage the carbon footprint of the concrete they use.' Article content Mr Guillot added: 'With this rating system in place, governments, policymakers and the private sector can now prioritise lower carbon cement and concrete in the procurement process which will in turn further stimulate the industry's focus on decarbonising these essential building materials.' Article content The rating system is designed to be used with Environmental Product Declarations (EPDs) – which by definition are third party verified. Article content The rating system uses numerical definitions in units of embodied carbon dioxide equivalent per tonne for cement and per cubic metre of concrete product (ECO2e /m3), also referred to as Global Warming Potential (GWP), as calculated according to Environmental Product Declarations (EPDs) standards. These product definitions for 'low carbon' and 'near zero' carbon emissions were inspired from cement production definitions by the International Energy Agency and the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete. Article content The GCCA cement rating system can be adopted and applied in countries. Germany already provides a working example. The German Federal Ministry for Economic Affairs and Climate Action and VDZ (German Cement Association) developed a scheme that is fully aligned with the GCCA system and this is already implemented. Article content The GCCA worked with the Clean Energy Ministerial Industrial Deep Decarbonisation Initiative (IDDI) and stakeholders to create a set of globally applicable definitions for concrete. These are ready to use in the vast majority of countries. If a country has a different practice for product carbon accounting, then adaptation of the ratings can be done. This has already been completed in the UK. Article content Article content Article content Article content Article content
