Connect with us
Sunday,11-October-2026
Breaking News

Business

ITC scales up its 360-degree interventions for ‘Greener Earth’

Published

on

On this World Environment Day, ITC reaffirmed its commitment towards a ‘Greener Earth’ through its bold Sustainability 2.0 agenda.

Building on its sustainability journey of over two decades, ITC, under the leadership of its Chairman Sanjiv Puri, has articulated an ambitious Vision to scale up its efforts in fighting climate change, whilst supporting large scale sustainable livelihoods.

Commenting on ITC’s multidimensional sustainability initiatives, S Sivakumar, Group Head, Agri, IT and Sustainability, ITC Ltd, said: “ITC has, over the years, implemented innovative business models which synergise the building of economic, environmental, and social capital as a unified strategy. Today, our ambitious Sustainability 2.0 agenda aims to further strengthen ITC’s efforts towards decarbonisation, building green infrastructure, promoting climate-smart and regenerative agriculture, ensuring water security for all, restoring biodiversity through nature-based solutions, creating an effective circular economy, creating sustainable packaging solutions and enabling the transition to a net zero economy. We believe this will go a long way in combating the climate crisis and supporting meaningful livelihood opportunities.”

ITC is today the only Company of comparable dimensions to be water, carbon, and solid waste recycling positive for over a decade and a half.

In recognition of its superior Environmental, Social and Governance (ESG) models, the Company has been rated ‘A’ at the Leadership Level for both Climate Change and Water Security by CDP, ‘AA’ by MSCI-ESG (the highest amongst peers) and was also included in the Dow Jones Sustainability Emerging Markets Index.

As a part of its efforts to transition towards Net Zero, ITC has made significant investments in renewable energy. Currently, clean energy powers 24 factories, 14 hotels, and five office buildings across 14 states.

Last year, ITC set a target to meet 100 per cent of its grid electricity requirements from renewable sources by 2030. Currently, it meets around 42 100 per cent of all its electrical energy requirements through renewable means.

With a focus on solar energy, the company has commissioned both onsite and offsite plants across states. ITC has maximized usage of rooftops of its Integrated Consumer Goods Manufacturing and Logistics (ICML) facilities, factories and warehouses for solar power generation. As many as 39 properties of ITC are Platinum rated green buildings by USGBC-LEED/IGBC. ITC’s Windsor Hotel in Bengaluru became the first hotel in the world to be LEED� Zero Carbon certified, followed by ITC Grand Chola and ITC Gardenia.

To contribute to a ‘Greener Earth’, ITC has also been running an integrated water stewardship programme, covering over 1.33 million acres of land and creating a total rainwater harvesting potential which was over 3 times the net water consumed by its operations during last year. The demand management interventions for promoting water efficiency in agriculture have resulted in potential water savings to the tune of 496.5 million cubic metres till date. Following the Alliance for Water Stewardship (AWS) Platinum level certification of ITC’s Paperboards and Specialty Papers unit at Kovai, the first ever site in India to achieve the highest global standard, the Company is in the process of implementing the AWS Standards and obtaining certification at other units in high water stress areas.

Similarly, ITC’s extensive biodiversity programme focuses on reviving ecosystem services provided to agriculture such as natural regulation of pests, pollination, nutrient cycling, soil health retention and genetic diversity, which have witnessed considerable erosion over the past few decades. The initiative has cumulatively covered 1.3 lakh acres in more than 29 districts across 10 states. ITC aims to expand the programme to cover over 10,00,000 acres by 2030.

To de-risk agriculture from effects of climate change, ITC has introduced a Climate Smart Agriculture programme, which covers 15 lakh acres, benefitting over 4.5 lakh farmers. As an integral part of this, a Climate Smart Village initiative covering over 2,500 villages and over 8.2 lakh acres, has led to reduction in GHG emissions by up to 66 100 per cent and an increase in communities’ income by up to 93 100 per cent for soyabean crop in Madhya Pradesh. ITC’s large-scale social and farm forestry programme has greened over 9,50,000 acres, generating over 173million person days of employment.

Moving towards Circular Economy, the Company went beyond plastic neutrality in 2021-22 by collecting and sustainably managing more than 54,000 tonnes of plastic waste across 35 states/union territories. ITC’s flagship solid waste management programme, ITC ‘WOW’ or Well Being Out of Waste, programme, has covered over 1.8 crore citizens providing sustainable livelihood to more than 17,300 waste collectors.

In line with its Vision for a sustainable packaging future, ITC’s Paperboards and Packaging Businesses have leveraged cutting-edge research and innovation capabilities of ITC Life Sciences and technology Centre to launch several first-of-its kind packaging solutions, which facilitate reduction, substitution and recyclability of plastic.

The company is now endeavouring to ensure that over the next decade, 100 per cent of its packaging is reusable, recyclable or compostable/biodegradable.

Business

Crude oil, inflation data among top factors to drive stock market next week

Published

on

New Delhi, Oct 11: Crude oil prices above $100 a barrel, key inflation data in India and the US, movements in the rupee, global bond yields and a pickup in corporate earnings are likely to determine the trajectory of Indian equities in the coming week, as investors assess whether the recent rebound can sustain after eight consecutive weeks of losses.

Domestic benchmark indices staged a sharp recovery on Friday, with buying across information technology (IT), fast-moving consumer goods (FMCG), automobile and financial stocks lifting market sentiment. The Nifty rose 288.65 points, or 1.30 per cent, to close at 22,520.45, while the Sensex advanced 879.09 points, or 1.23 per cent, to settle at 72,472.33.

The gains helped both benchmark indices break their eight-week losing streak. However, persistent foreign investor outflows, elevated crude oil prices, a weakening rupee and concerns over tighter monetary policy continue to pose challenges for the market.

With important macroeconomic indicators due in India and the US, alongside a busy corporate earnings calendar, investors will closely track developments across domestic and global markets to gauge the sustainability of the recovery.

One of the biggest factors likely to influence Dalal Street will be crude oil prices. Brent crude is trading above the $100-per-barrel mark, while West Texas Intermediate (WTI) remains above $90. Uncertainty surrounding Iran, the Strait of Hormuz and regional energy infrastructure has heightened concerns over possible supply disruptions.

Inflation data and movements in US bond yields will also be closely watched. In the US, the September Consumer Price Index (CPI) report, scheduled for release on Wednesday, will provide fresh insight into price pressures and help investors assess the Federal Reserve’s next policy move. US retail sales data will also be in focus, as stronger-than-expected readings could keep Treasury yields and the dollar elevated, potentially weighing on emerging-market equities.

In India, September CPI and wholesale price index (WPI) inflation figures will offer important clues about domestic price trends and their implications for monetary policy. Any indication of persistent inflation could influence expectations around interest rates and investor sentiment, while movements in the rupee will remain an important indicator of pressure from elevated oil prices and foreign capital outflows.

Corporate earnings will be another key driver as the results season gathers pace. Investors will assess companies’ revenue growth, profit margins, management commentary and demand outlook to determine whether earnings can support market valuations amid a challenging economic environment. Results from Indian companies, alongside major corporate announcements in the US, could influence sector-specific movements and broader market direction.

Global monetary policy expectations and bond-market movements will remain important throughout the week.

Continue Reading

Business

Indian startups making key advances in low-cost rockets in threat to SpaceX: Sridhar Vembu

Published

on

New Delhi, Oct 10: Zoho’s Chief Scientist and Co‑founder Sridhar Vembu on Saturday said that Indian startups are making major advances in low-cost rockets in threat to SpaceX.

“Directly due to Prime Minister Narendra Modi’s government policy, Indian startups are making major advances in low-cost rockets and that poses a threat to SpaceX in the same way the Chinese EVs threaten Tesla,” Vembu posted on X responding to a post by Starlink Founder Elon Musk.

Further, the tech leader also said medicine prices in India are among the lowest globally and pointed to the Unified Payments Interface (UPI) as an example of low‑cost payment infrastructure.

“India has among the lowest drug prices in the world (and is still going lower). People who visit India buy medicines to take home quite regularly now,” the X post said.

“Prime Minister Narendra Modi has worked hard to create a competitive economy where the benefits flow to the average Indian,” Vembu wrote, adding that the Indian government does not tolerate monopolies.

“He has also actively promoted and encouraged a massive surge in startups, and that is the best signal of a highly competitive economy,” the post said.

Vembu supported India’s economic and digital policies, hailing the country’s low data costs and competitive markets.

He said Indians routinely use dual‑SIM phones with large data plans because they are affordable.

“India has among the lowest data prices in the world. It is so good that I don’t even bother to connect to local Wi-Fi when I travel in India and just tether my phone to work on my computer,” he said.

In a separate post on Friday, Vembu said Indians have made major contributions to US technology prowess but warned that many on US visas face the prospect of uprooting lives built through hard work.

“A big part of America no longer wants us,” the Zoho Co-founder said.

Continue Reading

Business

Govt disconnects over 82 lakh fraudulent mobile connections via ASTR

Published

on

New Delhi, Oct 9: India has disconnected over 82 lakh fraudulent mobile connections through the Artificial Intelligence and Facial Recognition powered Telecom SIM Subscriber Verification (ASTR) tool, Union Minister of State for Communications and Rural Development Dr Chandra Sekhar Pemmasani said on Friday.

Addressing the International Telecommunication Union (ITU) Roundtable on “Implementing ITU Standards to Combat Fraudulent Communications” on the sidelines of the India Mobile Congress (IMC) 2026 here, the minister said the country has built a robust and layered defence mechanism against telecom-related fraud and cybercrime.

He noted that organised fraud networks are becoming increasingly sophisticated, with scams involving impersonation, so-called digital arrests, AI-generated voice cloning and deepfakes posing significant challenges. According to the minister, Indians lost more than Rs 22,800 crore to such fraud in 2024.

Dr Pemmasani said India has adopted a five-layered approach to tackle fraudulent communications. This includes real-time blocking of spoofed international calls, identification and disconnection of suspicious mobile connections through the ASTR platform, citizen participation via the Sanchar Saathi initiative, intelligence sharing through the Digital Intelligence Platform (DIP), and targeted action against emerging fraud channels.

Highlighting the impact of these initiatives, he said the Sanchar Saathi app has been downloaded around 25 million times, enabling citizens to actively participate in reporting suspected fraud and misuse of telecom resources.

The minister added that the Digital Intelligence Platform currently connects more than 1,600 organisations, including telecom service providers, banks and law-enforcement agencies, facilitating real-time information sharing to detect and prevent fraudulent activities.

He further said that the Financial Fraud Risk Indicator has helped avert suspected financial losses exceeding Rs 5,000 crore over the past 15 months by enabling timely intervention against fraudulent transactions.

Emphasising the need for international collaboration, Dr Pemmasani said fraud has become a global problem that requires coordinated global solutions.

He underscored the importance of adopting international standards for digital verification of caller identities across networks to curb cross-border fraud.

Welcoming the ITU’s proposal for joint trials among governments, regulators, telecom operators and technology companies, he said India is ready to participate and contribute to the development of global frameworks for trusted communications.

Continue Reading

Trending