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Economic, business and social sustainability Brand leaders come forward... Research needs more funding Focus on self-certification and third party inspection An American alliance in the chemical industry? Blue Star plans a new plant in south Nothing to hide... Pharma market dozes - Bridging the skill deficit in pharma industry Downsizing spree... Creating Tamil Nadu Banana brand Industry-well poised to invest on expansion Dynamic e-commerce scenario Housing Innovation Challenge, 2015 Climate change may change the way businesses work... Placing the right shoe forward... People Flow Day- Safety Murugappa- a year of consolidation More gensets and diesel engines from TAFE Veritas Finance- financing the unfinanced TiE applauds innovative entrepreneurs Celebrating 180 years of relevance The new look- 4s Verna Reality bytes Backpack laboratory Connecting the unconnected Gem of social service... Innovation that helped Chennai port Chennai will soon get its World Trade Centre Big-ticket investments march towards Punjab A global plastic event in India TN budget pragmatic and moderate on fiscal deficit Apple maps – finding its way On the ‘milky’ way Time to fast-pace the logistics sector Sun Edison launches solar pumps Make way for the new and dynamic railways Hyundai excites again Is Indian telecom industry heading for a monopoly? An aerospace-defence cluster in Tamil Nadu… TOP 10 CEO Compensation Economic issues take a back seat at G20 summit ISRO's 100th mission Well-refined – RIL’s refinery margins zoom Four daughters and a proud father Towards peace of mind Three more leather clusters… Secured NCDs from Shriram City Strategy war escalates between Hero and Honda Durga - India’s largest blast furnace; now operational STFC raises money Automotive Vision Plan II... BRICS development bank CUB: towards card-less withdrawal Auto test tracks launched at GARC Oragadam campus Need to focus on ease of doing business... Nigeria comes nearer Indian Bank – global businesses crosses Rs 3 lakh crore... Curbing steel imports will hurt small business... Carrefour’s quick exit Chola MS launches motor app TII’s single largest investment at Thiruthani IFCI to raise NCDs upto Rs 2000 crore TCS’ revenues cross Rs 100,000 crore When Centre visits the state ALL – truck industry is recovering from degrowth Illicit markets a concern to growing economy LVB gears to become a financial supermarket Tata Steel commence operations at Kalinganagar Indigo stays leader with 40 per cent share Changing dynamics in human resource management OBO Bettermann for better lightning protection Adding Zest to Scooty European crisis is a global crisis! Business Briefs ECGC expands operations ALL-two launches in a row Chennai to get a roundabout Metro Techies trip to India Flexible labour laws… Ridley marathon to India Striking cords for 25 years… Holiday Inn opens in OMR Chennai Digital retail transactions stabilise at higher level… ALL to launch electric busses Smart controls for cooling large multi-zone spaces ... TVS Logistics – another acquisition to sharpen the business model Rating of states to be released soon TII-challenging year with flat growth Steel loses its sheen AirAsia India infuses funds to fight out competition Purdue and IIT-M sign the dotted line Inclusive and forward moving... Airlines wage price war Hero Motocorp - smooth ride SumInfra- corridor based development... Celebration time at MS Chola Applauding enterprise... Chennai Port is at last decongested! Scoot offers just Rs.13,500 to ANZ... Realising double digit growth in Tamil Nadu Waste, a gold mine WABCO’s second Chennai plant Business Breif Investor friendly Japan Chola MS net crosses 100 crores Schwing Stetter India joins hands with US-based Gomaco World labour laws at a glance Realty sector takes a break...
 
Climate change may change the way businesses work...

Heat wave kills more than 2500 people in India; Drought in most parts of India for the second year. Floods in Jammu and Kashmir; Cyclones in Odisha; Delhi has the most poisonous air to breath. In the recent times we read these news items. “Is climate change a hype or reality?”

Madras Chamber of Commerce and Industry(MCCI) organised a panel discussion on Climate Change. “Studies conducted by World Bank show the dramatic impact of climate change. Heat and weather extremes are already impacting people, damaging crops and coastlines and putting food, water, energy and security at risk, ” said Vidya Soundarajan, Senior Regional Advisor, Climate Change  and Energy.

 

Tara Parthasarathy, Jt. MD, Ultramarine & Pigments Ltd, said: “due to climate change, industry and business reliant on coal, oil and gas may expect greater regulation of use and less regulation on price. Interest rates will increase due to credit downgrading and cost of capital for carbon-intensive projects will increase.”

The solution to these lies in implementing less resource-intensive products and services and investing in efficiency and new technology. Identification of climate risk in any long term projects and mitigating cost including the environmental cost, will become necessary in times to come.

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