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It is fairly well known that ITC Limited, India’s biggest blue-chip company, earns its bread and butter from selling tobacco products like cigarettes and cigars. Its revenue for 2011-12 is a mammoth Rs 36,000 crore (US $7.2 billion) and net profit, Rs 6,162 crore ($1.23 billion). 

Extreme caution needs to be taken while mulling of linking different carbon markets

When the green rating results of steel sector were released recently by CSE, industry was quick to pass the buck on poor quality of Indian raw materials and other obscure and ‘uncontrollable’ technical factors. But are they the only reasons leading to poor performance? Surely not. As the two-year survey reached final stages, a much deeper and hitherto unexplored reason emerged in the form of misaligned organisational behaviour, culture and functioning.

With the carbon market in doldrums, emerging economies like India will have to announce bolder schemes for a low carbon future

It's time the green brigade joins the banker-bashing, Occupy Wall Street movement

Another climate summit and another potential disappointment facing the green brigade. Even before it officially kick-starts, there is a widespread feeling that the Durban Summit is expected to be another brick in the collapsing climate wall. The reason this time, though, is that governments in the West are overwhelmed by the sovereign financial crisis and hence climate change mitigation action is out of the window.