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