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⭐ JSW Steel’s green push
JSW Steel plans to invest $1.2 billion to cut down carbon emissions at its plants. For this, it will partner with Germany-based SMS Group, which will provide its technology, design, engineering consultancy to execute various decarbonisation projects. JSW Steel said it aims to bring down greenhouse gas emissions by 42% to less than 1.95 tonnes of carbon dioxide per tonne of crude steel by 2030.
⭐ India’s palm oil imports jump in August
The country’s palm oil imports jumped 87% month-on-month in August. This is the highest level in 11 months after a sharp fall in prices prompted refiners to ramp up the buying. India buys palm oil mainly from Indonesia, Malaysia and Thailand.
⭐ US annual inflation falls marginally
The US annual inflation slowed in August to 8.3% from 8.5% in July. This comes on the back of a 10.6% fall in gasoline prices in August. However, the consumer price index actually rose 0.1% in August as compared to July. This was mainly due to food inflation, which increased 11% year-on-year, the largest 12-month increase since May 1979.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 1.74% |
| Nikkei 225 (Japan) | ▼ 2.18% |
| Hang Seng (Hong Kong) | ▼ 2.38% |
| SSE Composite (China) | ▼ 0.65% |
| Dow Jones (US) (September 13) | ▼ 3.94% |
| NYSE (US) (September 13) | ▼ 3.41% |
| Nasdaq (US) (September 13) | ▼ 5.16% |
| S&P 500 (US) (September 13) | ▼ 4.32% |
Fact of the day
India’s tyre exports rose by 31% to ₹6,213 crore in Q1 of the ongoing financial year.
Source: TOI