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