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