SBI becomes signatory investor to Carbon Disclosure Project

The Carbon Disclosure Project is a global initiative for sustainable development

The country's largest lender State Bank of India said it has become a signatory investor to the Carbon Disclosure Project (CDP), a global initiative for sustainable development.

CDP collects data on carbon emissions from 5,000 large companies every year, including the top 200 Indian companies listed on the National Stock Exchange.

Signatory financial institutions stand to get affected by environmental costs which come back into their respective portfolios as insurance premiums, taxes, inflated input prices and the physical cost associated with disasters, a release issued by SBI said.

"CDP provides investors, insurance companies and banks a lens to evaluate these externalities and how they will impact their specific portfolio," it added.
On Monday, SBI ended 1.31% up at Rs2,791.50 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.25% to 18,438.31.

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Honda launches new ‘Accord’, price tag upward of Rs19.6 lakh

Honda’s new ‘Accord’ will be available in two options, a 2.4-litre version costing Rs19.60-Rs20.36 lakh and a 3.5-litre variant with a Rs25.41 lakh price tag

Premium car-maker Honda Siel Cars India has launched an upgraded version of its Accord luxury sedan, priced between Rs19.60 lakh and Rs25.41 lakh.

"Our belief in constantly upgrading our products based on customer feedback prompted this launch of an upgraded version of the 'Accord' with unique styling in combination with luxurious features," Honda Siel Cars India (HSCI) president and CEO Takashi Nagai said in a statement.

The 'Accord' has registered sales of over 25,000 units since its launch in India, he added. The company had launched the eighth generation 'Accord' in May 2008, with 2.4-litre and 3.5-litre engine options.

The new 'Accord' will also be available in two options, a 2.4-litre version costing Rs19.60-Rs20.36 lakh and a 3.5-litre variant with a Rs25.41 lakh price tag.
The new Accord has more style, more comfort and more sophistication than ever before.

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Canara Robeco Mutual Fund extends NFO closure period for Gilt Advantage Fund

Canara Robeco new issue would now close on 23rd February instead of 21st February

Canara Robeco Mutual Fund has extended the new fund offer (NFO) period of Canara Robeco Gilt Advantage Fund. The new fund offer would now close on 23rd February instead of 21st February.

The investment objective of the scheme is to generate returns commensurate with low credit risk by predominantly investing in the portfolio comprising of short- to medium-term government securities guaranteed by central and state governments with a weighted average portfolio duration not exceeding three years. 

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