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