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Finance and built environment primer: Accelerating the decarbonization of the built environment through finance sector engagement – World Business Council for Sustainable Development (WBCSD)
Real estate is the world’s most valuable asset class, representing two-thirds of global wealth. With construction-related activities making up more than 13% of global GDP and 12% of employment, its size means it contributes to over one-third of final energy use globally, generates nearly 40% of global energy-related carbon emissions and consumes 40% of raw…
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Hong Kong’s finance chief vows to seize Apec opportunity to lure more US companies
Chan said “negative narratives” about the city had arisen over the past year due to the travel restrictions authorities enacted to control the spread of Covid-19 and “incomplete reporting” about the situation. He made no mention of the impact of the
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Inflation: Not yet party time for our finances
Getty ImagesBy Kevin PeacheyCost of living correspondentInflation is slowing and wages are rising, so you might conclude we can all afford to let our hair down a little more during Christmas party season.But before the champagne corks pop, everyone should know that by splashing out, the financial hangover could be painful and long-lasting.And that’s not…
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RBI Bars Some Of Bajaj Finance’s Digital Lending Products
The Reserve Bank of India barred Bajaj Finance Ltd. from lending under its “eCOM” and “Insta EMI Card” products. “This action is necessitated due to non-adherence of the company to the extant provisions of digital lending guidelines of Reserve Bank of India, particularly non-issuance of key fact statements to the borrowers under these two lending products…
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RBI directs Bajaj Finance to stop disbursal of loans under two products
The Reserve Bank of India (RBI) on Wednesday ordered Bajaj Finance Ltd to stop sanction and disbursal of loans under two lending products with immediate effect, due to deficiencies in adhering to digital lending guidelines.RBI directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products ‘eCOM’ & ‘Insta EMI Card’.…
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ZIM Reports Financial Results for the Third Quarter and the First Nine Months of 2023
Reported Revenues of $1,273 Million, Net Loss of $2,270 Million (Including a Non-Cash Impairment Loss of $2,063 Million)1, Adjusted EBITDA2 of $211 Million and Adjusted EBIT Loss2 of $213 Million Revised 2023 Full Year Guidance: Expects to Generate Adjusted EBITDA of $900-$1,100 Million and Adjusted EBIT Loss of $600-$400 Million3 HAIFA, Israel, Nov. 15, 2023 /PRNewswire/ –…
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India cenbank directs Bajaj Finance to stop loan sanctions for two lending products
BENGALURU, Nov 15 (Reuters) – India’s central bank on Wednesday barred Bajaj Finance (BJFN.NS), one of India’s largest consumer lenders, from issuing loans under two products with immediate effect, due to deficiencies in adhering to digital lending guidelines.Bajaj Finance did not issue key information to borrowers under the eCOM and Insta EMI Card lending products,…
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Billionaire Ken Griffin says Miami could overtake New York as a financial hub
Citadel founder Ken Griffin and former Amazon CEO Jeff Bezos attend an event on Miami Beach. Alexander Tamargo/Getty Images Redeem now Ken Griffin told Bloomberg that he thinks Miami “represents the future of America.”The Citadel founder said that the city could one day overtake New York as the US’ financial hub.Wall Street giants and tech…
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RBI orders Bajaj Finance to stop lending via ‘eCOM’ and ‘Insta EMI Card’ with immediate effect
The Reserve Bank of India (RBI) has directed Bajaj Finance to stop disbursing loans through two of its lending products – “eCOM” and “Insta EMI Card” – with immediate effect, as per an official statement issued on November 15. The action has been taken under section 45L(1)(b) of the Reserve Bank of India Act, 1934,…
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[Opinion] Will EU give greenlight to finance industry to fuel climate crisis?
![[Opinion] Will EU give greenlight to finance industry to fuel climate crisis?](https://static.beescdn.com/news.myworldfix.com/2023/11/233b1255fdcad0f9990ee8be71983fbb-800x.jpg)
In a few weeks’ time, the EU will decide on the content of its Corporate Sustainability Due Diligence Directive (CSDDD). The directive provides a unique opportunity to regulate the impact of EU companies beyond its borders, with a focus on human rights violations and environmental destruction; including fuelling the climate crisis.But ongoing negotiations on the…
