Federal Bank ceases thermal power project funding by 2030

11 Oct 2023 CW Team

Federal Bank, the largest and oldest private sector lender in Kerala, announced that the bank plans to cease funding for thermal power projects by 2030. The bank, headquartered in Kochi, intends to reduce its exposure to the thermal power sector by half by 2025 as a part of its de-carbonisation initiative.

The bank's current investment in the green power sector amounts to Rs 50.83 billion, spread across seven to eight projects, primarily in solar and wind energy areas.

Ashutosh Khajuria, the chief mentor at the bank, shared, "We have internally established a goal to completely discontinue funding for thermal power projects and the traditional energy sector by 2030. To initiate our decarbonisation efforts, we will be reducing our involvement in this environmentally harmful sector by half before 2025," he told PTI.

Real Estate

23 Sep 2025

Hyderabad Financial District Evolves into a City Within a City

The Financial District in Hyderabad is rapidly transforming into more than just a business hub—it is evolving into a “city within a city,” a compact ecosystem where work, home, education, healthcare, and lifestyle coexist seamlessly. This vision was reinforced at a press conference hosted by ASBL, where data and insights highlighted why the Financial District has become one of India’s most resilient and future-ready real estate markets. Over the past four years, rental appreciation has consistently outpaced the city average, underlining genuine demand. In FY 2024–25 alone, 3BHK ..

TOTO Expands Bathroom Portfolio in India

TOTO India has expanded its product portfolio with the launch of season-inspired basins, premium faucets, and a new water-efficient WC range. The new additions reflect the brand’s philosophy of combining Japanese craftsmanship, technology, and design with sustainable living. The season-themed basins, enhanced with TOTO’s CEFIONTECT glaze, are offered in four shades—Forest Green, Mandarin Orange, Scarlet Red, and Ash Blue—each inspired by a season. Complementing these are faucets in Rose Gold and Graphite finishes, crafted with PVD technology for durability and manufactured using p..

India Sees 1 per cent Drop in Power Sector CO₂ Emissions

India’s carbon dioxide emissions from the power sector fell by 1 per cent year-on-year in the first half of 2025, marking only the second decline in nearly 50 years, according to a research report. The reduction was largely driven by record clean-energy capacity additions and lower electricity demand due to unusually mild weather, the analysis by the Centre for Research on Energy and Clean Air (CREA) for Carbon Brief found.The Helsinki-based think tank attributed 65 per cent of the decline in fossil-fuel generation to slower demand growth, 20 per cent to faster expansion of clean energy, and..