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