India Business News: Adani Ports stock lost 1.6% in Tuesday’s strong market on the NSE, making it the biggest laggard among Nifty scrips. The slide came after the stock
World Water Day was March 22nd, and we’re marking the occasion by looking at the looming threat of water scarcity and the lack of investor appetite for financing water-related projects. According to the United Nations, 2.2 billion people globally lack safely managed drinking water, and 4.2 billion people do not have safely managed sanitation. The U.N. also warns that water scarcity could displace 700 million people by 2030. Access to clean water has become even more vital with COVID-19, which created a worldwide need for constant hand-washing.
Water management is a risk for companies, too. S&P Global Trucost data shows that more than half of companies’ water usage comes from supply chains, so even companies operating in water-abundant regions can be affected by scarcity given the global nature of suppliers.
S&P Global raises Tata Steel Ratings to BB- on the back of strong operating performance
Synopsis
S&P highlighted that the stable outlook for Tata Steel also reflects an expectation that the company s debt reduction would result in lower volatility in its credit metrics compared with the previous steel cycle, with greater resilience during downturns
Agencies
S&P Global estimates Tata Steel s adjusted debt levels to decline by about 30% by March 2023 from about Rs 1.1 trillion in March 2020.
S&P Global Ratings has raised
Tata Steel and its subsidiary ABUJA Investment Co. Pte. Ltd’s credit rating to BB- from B+ on the back of the company s strong operating performance and also its ability to reduce debt significantly. The rating agency has maintained a stable outlook on the company.
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NEW YORK, March 16, 2021 /PRNewswire/ S&P Global (NYSE: SPGI) today announced its support for the principles outlined in the Say on Climate initiative, reinforcing the Company s existing pledges to support the transition to a global net-zero economy. The initiative is a disclosure-based plan focused on emissions with the goal of advocating for sustainable business practices and corporate climate action plans. It will be presented to shareholders for a vote in S&P Global s 2021 and 2022 proxy statements.
The Say on Climate initiative is promoted by The Children s Investment Fund Foundation (UK). Say on Climate s principles complement our belief in the importance of transparency and disclosure as well as the market-leading steps we have taken towards becoming net-zero by 2040, said
S&P Global to Present at Jefferies Virtual Business Services Summit on March 25
Session will be Webcast
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NEW YORK, March 16, 2021 /PRNewswire/ Douglas L. Peterson, President and Chief Executive Officer of S&P Global (NYSE: SPGI), will present at the Jefferies Virtual Business Services Summit on March 25, 2021. Mr. Peterson is scheduled to speak from 1:00 p.m. to 2:00 p.m. Eastern Daylight Time. The fireside chat will be webcast and may include forward-looking information.
Webcast Instructions: Live and Replay
The video webcast will be available live and in replay through the Company s Investor Relations website http://investor.spglobal.com/Investor-Presentations (please copy and paste URL into web browser). The webcast replay will be available approximately one hour after the end of the presentation and will remain accessible for 30 days. An accompanying slide presentation will also be posted and available for download. Any additiona