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