Progressive Financial News

The 20 million people voting in Taiwan are being k... moreThe 20 million people voting in Taiwan are being keenly watched from across the strait.

A Russian economist has claimed Moscow will eventually force the elderly to accept CBDC pension payments as part of the digital ruble rollout.

By Tom Westbrook and Ankur Banerjee

Adani Power, Jindal Power and Vedanta Ltd are among a dozen companies that have expressed interest in acquiring IL&FS Tamil Nadu Power Corporation (ITPCL), one of the biggest assets under the IL&FS portfolio with debt of nearly Rs 10,000 crore. IL&FS, as part of its resolution process, had recently invited expressions of interest (EoIs) to acquire a 92% stake in ITPCL held by IL&FS Energy Development Company (80%) and the group holding company (12%). This asset has two coal-based power plants with 1,200 MW capacity in Cuddalore with the potential to add nearly 2,000 MW more, a captive jetty adjacent to the plant, and a captive coal mine in Indonesia. Adani Power and Jindal Power are also competing against each other for Lanco Amarkantak, which has two units of 300 MW operational and two units of 600 MW under construction. Vedanta Ltd had last year acquired a 1,000 MW coal-based thermal power plant for ?1,440 crore under the Insolvency and Bankruptcy Code (IBC). Spokespersons of Adani, Vedanta and Jindal Power did not immediately respond to requests for comment. Other bidders for ITPCL include some non-banking financial companies (NBFCs), alternative investment funds (AIFs) and power companies. An IL&FS spokesperson said assessment of bidder eligibility is in progress.

Taiwan told China on Sunday to «face reality» and respect its election result, after voters defied Beijing's warnings and chose pro-sovereignty candidate Lai Ching-te as its President. Voters spurned Beijing's repeated calls not to vote for Lai, delivering a comfortable victory for a man China's ruling Communist Party sees as a dangerous separatist. Beijing responded to Lai's victory by saying it would not change the «inevitable trend of China's reunification».

₹35 lakh in metropolitan centres (with a population of 1 million and above) and up to ₹25 lakh in other centres… provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed ₹45 lakh and ₹30 lakh, respectively." The remaining home loans are non-priority home loans. Second, home loans in India are given by commercial banks and housing finance companies. As per the National Housing Bank’s Report on Trend and Progress of Housing in India 2022, as of March 2022, of the total outstanding home loans of ₹25.11 trillion, 68% were distributed by banks and the remaining 32% by housing finance companies.

Eknath Shinde, former Union Minister Milind Deora Sunday said the Grand Old Party is not the same as it used to be when Manmohan Singh launched economic reforms in 1991, the Congress is now abusing industrialists, businessmen and calling them anti-nationals. Addressing a gathering at Varsha, the official residence of Maharashtra chief minister, Deora said, "It is not easy to make a decision to quit Congress with whom the Deora family has been associated for 55 years.

By Steve Holland, Nandita Bose and Trevor Hunnicutt

In a progressive recent study at Tata Memorial Centre, Mumbai, a cost-effective method to control chemotherapy-induced vomiting has been discovered.

Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu on a Saturday, chaos unfolded as numerous individuals blatantly disregarded traffic rules. Social media platforms were flooded with alarming photos and videos depicting people flouting regulations by stopping their vehicles on a stretch of the bridge with a designated speed limit of 100 kmph. The visuals showcase a troubling scene of individuals treating the newly opened Atal Setu as a photo-op and leisure spot.

Vice President Lai Ching-te won the presidency on Saturday, the third consecutive term for his ruling Democratic Progressive Party (DPP), but the party lost its parliamentary majority, complicating Lai's spending plans and any intent to take an aggressive stance on China. China, which claims Taiwan as its territory, had called Lai a separatist and «troublemaker through and through», but took a gentler tone after the election, not mentioning him by name and saying the results revealed the DPP «cannot represent the mainstream public opinion» on Taiwan. Analysts expect Taiwan's stock market to take a hit this week as the spectre of policy paralysis fuels selling in a market that is up 25% in little more than a year. Yet the outcome is also a relief for investors who had feared the hawkish Lai would push for Taiwan's formal independence, something he has denied. Investors have worried about a hostile reaction from China and a chain reaction of sanctions that could cripple the global semiconductor industry. «I would imagine the reaction is negative.

Panasonic Electric Works India (PEWIN) — a subsidiary of Panasonic Life Solutions — aims to capture 50 per cent market share of India's wiring devices market by 2030, a top company official said. «Over the next five years, our focus in India will be on significantly expanding our market share,» Toshinobu Kawasaki, Joint Managing Director, Panasonic Electric Works India, told PTI.

Lai Ching-te was quoted as saying by CNN. While speaking to the media persons ahead of his victory speech on Saturday night, Lai added, "In the future, we hope that China will recognize the new situation, and understand that only peace benefits both sides of the strait." "We are telling the international community that between democracy and authoritarianism, we still stand on the side of democracy," the President-elect said further. While addressing thousands of supporters at a rally after coasting to a win in the Presidential elections, Lai said Taiwan managed to stay on the world map through the conduct of the polls.

Taiwan elections 2024: Lai Ching-te, candidate of the ruling Democratic Progressive Party's (DPP), won the Taiwan election held on Saturday, January 13. Both China and the United States reacted sharply to the latest polls as the DPP secured unprecedented third consecutive term in the nation. Taiwan's election took place at a time of growing geopolitical tensions between Beijing and Washington.

China said "reunification" with Taiwan remained "inevitable" after president-elect Lai Ching-te won Saturday's pivotal election on the self-ruled island that Beijing claims as its own. Lai, branded by China as a threat to peace, won an unprecedented third consecutive term for Taiwan's ruling Democratic Progressive Party (DPP) after he pitched himself as the defender of the island's democratic way of life.

Maharashtra but is a project of pride for the entire nation, Union Civil Aviation Minister Jyotiraditya Scindia said here on Saturday. He inspected the progress of the work connected to the airport, which is being built in five phases. «The physical and financial completion is 55 to 60 per cent.

This followed notable progress that was announced in the January Bulletin. For the fifth month in a row, USCIS will use the Dates for Filing to ascertain the eligibility of employment-based filings in February. Considering that the Final Action Dates chart typically contains more progressive cutoff dates than the Dates for Filing chart, this is great news. The Visa Bulletin provides important information about the processing of adjustment of status applications for consular immigrant visa files and approvals, as well as the per-country priority date cutoffs that control immigrant visa availability.

Taiwan's ruling party, won an election on Saturday that China had framed as a choice between war and peace. The candidate for Taiwan's main opposition party the Kuomintang (KMT), Hou Yu-ih, conceded defeat in the election.

INDIA bloc was held today, Congress President Mallikarjun Kharge said that the seat-sharing talks are progressing in a positive way. In a post on X, Kharge also invited all the INDIA bloc parties to join Rahul Gandhi's 'Bharat Jodo Nyay Yatra' at their convenience. «Leaders of the INDIA Coordination Commitee today met online and had a fruitful discussion on the alliance. Everyone is happy that the seat-sharing talks are progressing positively.

By Yimou Lee and Ben Blanchard

NCR-based Migsun Group has announced that DMart has bought 47,000 sq ft of space at its Sector 22 Rohini project in Delhi for Rs 108 crore. DMart is a leading hypermarket retail chain and has acquired the project’s lower ground and first floors to set up a hypermarket store.