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Indus Motor Declares Profit in The First Half of 2021


Indus Motor Declares Profit in The First Half of 2021
Indus Motor Declares Rs 4.8 Billion Profit After Tax for First Half FY20-21
The Board of Directors of Indus Motor Company (IMC) released its financial results for the half-year ended December 31, 2020.
IMC’s combined sales of Completely Knocked Down (CKD) and Completely Built-up Units (CBU) units increased by 82% to 26,362 units against 14,453 units sold in the same period last year. The Company produced 26,383 vehicles, registering an 81 % increase, as compared to 14,555 units produced in the same period last year. IMC’s market share in the overall market stood at approximately 24.7% for the half year ended December 31, 2020. ....

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KBC takes stricter line on fossil fuels


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KBC takes stricter line on fossil fuels
15 February 2021
Source: KBC
KBC will further tighten its policy on fossil fuels as of 1 April 2021. Persistently strong signals from society that the use and exploitation of fossil fuels is highly damaging for our planet’s future have prompted the bank-insurer to switch up a gear.
The tightening of KBC’s policy on fossil fuels relates to financing, insuring, advising and investing in the coal industry. The move recognises the fact that limiting carbon emissions from the burning of fossil fuels and the transition to alternative energy sources are key factors in bringing global-warming under control. KBC has long stated its wish to guide its existing business clients through this process. The new policy makes clear what is ....

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