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