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