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