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