Progressive Financial News

Former premier Rachel Notley, the leader of the Alberta NDP and Official Opposition, is stepping down.“Having considered what I believe to be the best interests of our party, our caucus, as well as my own preferences, I am here today to announce that I will not be leading Alberta’s NDP into the next election,” she said Tuesday afternoon.Notley said she’ll stay on until there’s a leadership race and vote for a new Alberta NDP leader. Once a new leader is chosen, she’ll step down from that role.Notley said she is “absolutely not” pursuing a role in federal politics.However, she said she’s not made any decisions about how long she’ll stay on as MLA for Edmonton-Strathcona.

crime drama series, "Apple Cider Vinegar," featuring actor Kaitlyn Dever, is in progress in Melbourne. This Netflix Original, created by Samantha Strauss, Anya Beyersdorf, and Angela Betzien, promises a unique storyline set against the backdrop of the dawn of social media.

Diablo 4 Season 3, the upcoming major content update for the game, is set to bring changes and new features. With the Season of Blood drawing to a close, players are gearing up for the next phase in the game's evolution. Here's a rundown of what to expect in Diablo 4 Season 3. Diablo 4 Season 3: Reveal Date

Atsuya Technologies has bagged the Genesis Innovator award at the National Startup Awards 2023. Union Industries Minister Piyush Goyal gave away the awards at an event in Delhi on Tuesday. The awards are announced annually by Startup India, an arm of the Union government, to recognise startups engaged in developing cutting-edge products and solutions, across sectors.

₹336.2 crore for the third quarter of FY24, registering a growth of 13.3% from ₹296.8 crore in the corresponding quarter of last year, the firm said in a regulatory filing. L&T Technology’s revenue in Q3FY24 increased 12.3% to ₹2,421.8 crore, from ₹2,157 crore, YoY. Among other details, the firm said that the EBITDA of ₹487.7 crore for the quarter was registered up 11.9 percent, from ₹435.6 crore in the corresponding quarter of last year.

By Anne Kauranen and Balazs Koranyi

global CEOs, marking a notable jump from its previous ranking of ninth place in 2023, according to PwC’s 27th Annual Global CEO Survey, which polled 4,702 CEOs in 105 countries and territories, including 79 from India. As per the study, 70% of CEOs in India express high confidence in their company's potential for revenue growth in the coming three years. Furthermore, an overwhelming 86% of these CEOs believe that the Indian economy will witness improvement in the next 12 months.

ICICI Securities calculations suggest that India’s first US Dollar 1 trillion market cap (m-cap) stock could emerge by 2032. Reliance Industries , HDFC Bank , Bajaj Finance are amongst the top contenders that could reach $1 trillion market value by 2032 as per ICICI Securities. The macro framework for any company reaching the $1 trillion market value is based on the assumption of reaching peak corporate profitability (7% ‘net profit to GDP" ratio) in the listed space driven by gradual advancement towards peak GDP growth of 9%.

Mumbai-Ahmedabad bullet train project. The company added that the order has been bagged from an authorised Japanese agency. "The railways strategic business group of L&T Construction has secured a mega contract to ....construct 508 route km of high-speed electrification system works for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, popularly referred to as the bullet train project," the company said in a filing to BSE.

Investing.com-- Most Asian currencies retreated on Tuesday, while the dollar advanced as traders remained largely risk-averse before more cues on when the Federal Reserve could begin cutting interest rates.

Narendra Modi had a telephone conversation on Monday with the President of the Russian Federation, Vladimir Putin and decided to create a roadmap for future initiatives. The two leaders reviewed progress on a number of issues of bilateral cooperation in follow-up to recent high-level exchanges between the two countries, according to officials here.

Department of Telecommunications has noted Vodafone Idea's failure to close a funding from the US International Development Finance Corporation (DFC) for deployment of Open-RAN and related technologies, despite assurances by the telco that it would do so four months ago. The government is the biggest shareholder in the cash-strapped carrier with a 33.1% stake. Payment moratorium ends in FY26 «Vi had reported verbally that it is in discussions with US International Development Finance Corporation (DFC) for funding Open-RAN & related technologies, but no progress has been reported even after lapse of four months,» the DoT said in a January 4 confidential report on Vi.

free trade agreement (FTA) between India and the UK are either finalised or at an advanced stage of talks, a government official said on Monday. Additional Secretary in the Department of Commerce L Satya Srinivas said that the 14th round of negotiations between the officials of the two countries is underway here. «The majority of the chapters are either closed or at an advanced stage of negotiation.

Aster DM Healthcare on Monday said it would consider paying Rs 110-120 as dividend to shareholders from the proceeds after the sale of majority stake in GCC (Gulf Cooperation Council) business. Aster had earlier announced that it will separate its India and gulf businesses in a $1-billion deal. The sale is expected to be completed by the March quarter. The board of directors held a meeting earlier on Monday to discuss the progress of the transaction between Affinity Holdings and Alpha GCC Holdings for segregation of the company’s GCC business. «The Board was briefed that there has been satisfactory progress on conditions precedent for the transaction and Affinity and the buyer are aiming to complete the transaction soon,» the company said in a filing. The company will get $1.001 billion from the proposed sale, of which $903 million will be paid at closing. About $98.8 million may be received subsequently subject to certain contingent events, which includes an earnout of up to $70 million based on EBITDA achieved by the GCC business for FY24. Following deliberations regarding future expansion plans, capex requirements, cash reserves, the Board has expressed its desire to consider distribution of 70-80% of the upfront consideration of $903 million, as dividend to its shareholders.

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A feeling of loss was evident among those who went to the Excentris Complex in Montreal on Sunday to pay tribute to Quebec film entrepreneur and philanthropist Daniel Langlois and his partner Dominque Marchand.“This couple was very discreet, very humble, but they did a lot,” Montreal mayor Valérie Plante told reporters outside the establishment after she paid her tribute.Both Langlois and Marchard were found lifeless in a burnt vehicle on the eastern Caribbean island of Dominica early in December. Two men have been charged with their murder.Montrealers who knew Langlois say they were horrified by the sudden death.“He would have had so much more to contribute, I’m sure,” said Pierre Jasmin, president of Les Artistes pour la Paix.

A war of words has erupted the day after Taiwan’s presidential election

Samsung Galaxy Unpacked event. Certainly, the spotlight of the event is expected to be on the Samsung Galaxy S24 Ultra, positioned as Samsung's flagship for the year 2024. Insights from leaks and speculations outline its notable characteristics, including a level 6.8-inch screen boasting an impressive peak brightness exceeding 2,500 nits, titanium edges for a luxurious touch, and a design progression that upholds the sophistication of its forerunner.

₹4.23 trillion annually. Such a dedicated body would streamline the currently fragmented regulatory framework, simplifying compliance and fostering growth, it said.

Investing.com-- Most Asian stocks rose past early weakness on Monday as traders maintained bets that the Federal Reserve will cut interest rates early, with Japanese markets extending a rally to 34-year highs.

AFP. China said it welcomed Nauru's decision to cut ties with Taiwan.