Progressive Financial News
12.03 / 16:03
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Celebratory moment for Federal Reserve? Here's where America stands in terms of inflation
Inflation showed signs of cooling in February, offering some signs of relief for Americans who were squeezed by rising costs. The Consumer Price Index (CPI), a key measure of living costs, climbed 2.8 per cent compared to last year, with monthly growth slowing to 0.2 per cent down from January’s sharper 0.5 per cent jump and beating economists’ forecasts. Even the “core” inflation rate, which ignores food and energy prices, eased slightly to 3.1 per cent annually. While progress toward the Fed’s 2 per cent target remains uneven, the dip suggests some pressure is lifting, as per NY Times.
12.03 / 15:51
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Parliamentary panel presses MIB to expedite Broadcast Bill rollout
Ministry of Information and Broadcasting (MIB) to set a deadline for completing the process and introducing the Broadcasting Services Regulation Bill in Parliament at the earliest opportunity. The committee made this recommendation in a draft action-taken report on its observations and recommendations from the 56th report on the regulation of cable television in India, which was tabled in Parliament on Tuesday. The second draft of the Broadcast Bill, introduced in July, was withdrawn in August last year following backlash from media industry stakeholders over the lack of transparency in consultations, which were held with only a select group. Another major concern of the industry was that the Bill contained vague terms that could potentially grant arbitrary powers to government officials. In its response to the committee on 17 January, the MIB stated that a fresh draft of the Bill would be published after detailed consultations.
12.03 / 15:51
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Housing loans outstanding stood at Rs 33.53 lakh crore at Q2FY24: NHB
housing loans outstanding stood at Rs 33.53 lakh crore at the end of September, a growth of 14 per cent year-on-year, with the MIG segment accounting for the maximum credit, according to National Housing Bank (NHB). NHB, a statutory body under the Government of India, has released the Report on Trends and Progress of Housing in India. «As on September 30, 2024, EWS and LIG accounted for 39 per cent, MIG accounted for 44 per cent and HIG accounted for 17 per cent of outstanding individual housing loans,» the report said. It further said individual housing loan disbursements during the half year ended September 2024 were Rs 4.10 lakh crore while disbursements during the year ended March 2024 were Rs 9.07 lakh crore. The report broadly covers the housing scenario and house price movements, flagship programmes of GoI in the housing sector, role of Primary Lending Institutions (PLIs) in providing housing credit, performance of Housing Finance Companies (HFCs) and outlook for the sector. «Major initiatives of GoI, such as PMAY-G, PMAY-U, impact assessment of PMAY-U, Urban Infrastructure Development Fund (UIDF), Affordable Rental Housing Complexes (ARHC) scheme, etc. have been covered in the report,» it said.
12.03 / 12:07
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Tesla’s slump: When social intelligence clashes with artificial intelligence
Subscribe to enjoy similar stories. Tesla shares were at a five-month low, Tesla showrooms in the US are being vandalized, Tesla cybertrucks were set on fire in Seattle, and the electric vehicle maker’s sales are down in the US and Europe. That US President Donald Trump has bought a Tesla car might seem like good news, signalling support at the highest level.
12.03 / 09:09
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Hantavirus: What we know about the serious viral disease that killed Gene Hackman’s wife Betsy Arakawa
Betsy Arakawa were found dead, along with their pet dog, at their home in Santa Fe, New Mexico in February 2025, sparking intense speculation about their cause of deaths. Recently, authorities revealed Gene Hackman died of heart disease days after his wife died from hantavirus pulmonary syndrome (HPS). But what exactly is this rare illness?
12.03 / 07:03
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Billionaire Harsh Goenka has a hilarious take on job seekers applying without research. You will like it
job seekers, especially new graduates, often apply to jobs blindly without even a cursory background research. Billionaire Harsh Goenka recently poked fun at this tendency. Taking to X on Tuesday, the business tycoon shared a picture of a rooster standing solemnly in front of a KFC (Kentucky’s Fried Chicken) outlet and pointed out the not-too-subtle irony. “When you know nothing about the company and go for an interview...” he wrote.
11.03 / 18:08
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DOGE cancels over 200,000 credit cards — Who is affected and what it means
Department of Government Efficiency (DOGE) has deactivated over 200,000 federal government credit cards that were found to be unused or unnecessary across more than a dozen agencies. The move is part of DOGE’s ongoing mission, spearheaded by Elon Musk, to address fraud, waste, and corruption within the federal system.
11.03 / 00:53
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Interviews
Schneider plans next phase of investments in India, eyes utility-scale batteries
Subscribe to enjoy similar stories. Electrical equipment maker Schneider Electric is working on the next phase of investments in India and would soon roll out its capital expenditure (capex) plans, a top company official said. In an interview, Deepak Sharma, managing director and chief executive of Schneider Electric India, said that the company is working on manufacturing large-scale stationary batteries in the country in view of the growing demand for storage, and is exploring the right chemistry and technology for the business.
10.03 / 18:57
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LinkedIn co-founder Reid Hoffman fires back at Elon Musk over 'Tesla Protest' allegations. Is a tech billionaire feud brewing or is it just a tweet war?
Elon Musk’s latest claim—that billionaire Reid Hoffman secretly funded protests against Tesla—has ignited a high-stakes war of words in Silicon Valley. But in a swift rebuttal, the LinkedIn co-founder has dismissed Musk’s allegations as pure fiction, calling them yet another in a long list of «false claims.» The drama unfolded on X (formerly Twitter), where Musk accused Hoffman of financially backing groups organizing anti-Tesla demonstrations. Hoffman wasted no time in setting the record straight. «Just one more of Elon's false claims about me: I never funded anyone for Tesla protests. I don’t condone violence. But it's clear Americans are angry at him—it’s easier to explain away their anger than to accept that actions have consequences,» Hoffman wrote in response to Musk’s tweet.
10.03 / 09:59
UPS
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3 great squat exercises to improve your strength and mobility
Subscribe to enjoy similar stories. The squat is part of the holy grail of fitness. It’s one of the first few exercises one learns when they set foot in a gym, or start training at home, or even take an outdoor activity like running or cycling—you just can’t avoid it.
10.03 / 04:57
markets
FIVE
Digital
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RAI
Maharashtra Deputy CM Ajit Pawar to present state budget in assembly today
This will make Ajit Pawar the Finance Minister to present the highest number of budgets (11) after Sheshrao Wankhede, who presented the budget 13 times. Ajit Pawar will hold the second-highest record with 11 times, followed by Jayant Patil (10 times) and Sushilkumar Shinde (9 times), the press release further mentioned. Notably, this will be the first budget for the newly-formed Mahayuti government and Pawar's 11th Budget as Finance Minister.
09.03 / 18:53
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COP30 chair moots 10-year road map to move away from fossil fuels
COP30), is doubling down on accelerating the implementation of climate action. To this end, it has suggested setting up «additional governance structures» under the UN, «complimentary» to the existing process under UNFCCC, to follow up on commitments that have been made on climate action. Explaining the rationale for complementary governance structures under the UN, Brazil's environment minister, Marina Silva, said, «Take the NDCs (nationally determined contributions or climate plans), these are meant to be reviewed every five years. Maybe this is not enough. We may need additional pieces to make global efforts more effective». Silva said the rule book for the Paris Agreement has now been completely finalised. «We have a structured regime on which we can rely,» the minister said. «We have no choice to implement or else we will experience the unthinkable.»
09.03 / 09:57
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India and the EU have plenty to gain by forging closer bilateral ties
Subscribe to enjoy similar stories. The success of European Commission (EC) President Ursula von der Leyen’s visit to India must not be measured merely in terms of the progress made on free trade agreement (FTA) negotiations. The new ground covered by our bilateral ties should also be considered.
09.03 / 09:29
markets
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Equality
Union minister Annapurna Devi to lead India's delegation at Commission on Status of Women at UN
Annapurna Devi will lead India's delegation at the 69th session of the Commission on the Status of Women (CSW) at the United Nations headquarters in New York. The session, which begins on Monday, will focus on global progress in achieving gender equality and the empowerment of women, coinciding with the 30th anniversary of the Beijing Declaration and Platform for Action. According to a statement by the Women and Child Development Ministry, the minister will deliver India's national statement at the Commission which will highlight the government's initiatives for the holistic development of women and girls under Prime Minister Narendra Modi's leadership. She will also participate in discussions on resourcing and accelerating the implementation of the Beijing Declaration and the 2030 Agenda for Sustainable Development, it said.
09.03 / 07:55
markets
Citi
Progressive
Metro
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Delhi Metro Golden Line: Which areas will it connect, when will it be completed, and other key details
Delhi Metro is set to become the world’s longest metro network in a single city, surpassing New York’s 399-km metro system. With its current operational network spanning 394 km, the Delhi Metro will set a new global record after the inauguration of a 12-km stretch, Minister of Housing and Urban Affairs Manohar Lal announced on Thursday.
09.03 / 06:23
markets
Progressive
Ball
RAI
reports
International
Ind vs NZ Pitch and Weather Report: How will the playing conditions affect the Champions Trophy final?
India and New Zealand at the Dubai International Stadium on Sunday. Captain winning the toss will likely want to bat first and put on a challenging total on the board to create scoreboard pressure in the big match. Batting first will also put the opponents in the heat for 50 overs. Further, there will be minimal due and batting second might not be advantageous.
09.03 / 05:45
markets
Digital
Progressive
Experts
RAI
Schools
In ChatGPT era, a 100-page handwritten Budget by Chhattisgarh FM OP Choudhary
handwritten budget in Hindi, reflecting his hands-on approach and commitment to the budget preparation process. Choudhary, a former IAS who quit service to join politics as he saw it as a bigger medium to serve the public, literally burnt midnight oil, hardly sleeping for a couple of hours in the days leading to the March 4 presentation of the Budget for the fiscal year starting April 1 in the Chhattisgarh assembly. The rare act that displayed a sense of ownership and dedication to the state's financial planning and goals stood out, especially since most budget documents are typically prepared by a team of officials or typed out on computers. «I was writing my own (Budget) speech and I realised that a handwritten document expresses my feelings, my emotions, my vision, my commitment, and my attachment more. And so, I thought, I should write in my own handwriting,» he said.
09.03 / 01:01
markets
Digital
Progressive
Dreams
RAI
country
AI will amplify India’s workforce, not replace it
But it has also led to concerned conversations in numerous circles about job losses and a drop in employment opportunities. From its theoretical roots to modern-day applications, AI has transformed from a distant dream into a transformative reality. It will deliver a unique and beneficial value proposition for the world, particularly India. Agents and automation
08.03 / 13:37
markets
UPS
Progressive
CEO
Strategy
reports
Cognizant's activist investor Mantle Ridge builds over a $1 billion stake
Cognizant Technology Solutions’ activist investor Mantle Ridge’s stake in the company has risen to worth more than $1 billion in the company, the Wall Street Journal reported. The activist firm, which says that its shares are undervalued, has been privately engaging with Cognizant about its progress on boosting the share price, the report said, citing people familiar with the matter. Cognizant’s shares rose over 5% on Friday to close at $83.23 apiece. In the last one year, the share price has risen around 7.4% with its market capitalization now at more than $41 billion.
08.03 / 12:35
Digital
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Platform
Instagram
inclusion
Videos
International
Nita Ambani reveals her secret to being trim at 61: 'Avoid sugar, walk 5,000 steps'
International Women’s Day, philanthropist Nita Ambani shared an inspiring message for women, urging them to place their health and well-being at the forefront of their priorities. Through a heartfelt video, she encouraged women to invest in themselves by adopting a fitness routine, reinforcing the idea that it is never too late to embark on a journey toward a healthier lifestyle.
08.03 / 12:21
markets
Progressive
Justice
country
prevention
International
Women's safety our govt's top priority; we made strict laws to prevent crimes against them: PM Modi
women's safety and framed stricter laws and rules to prevent crimes against them, besides making a provision for capital punishment to those indulging in heinous crimes like rape. The Bharatiya Nyaya Sanhita (BNS), which replaced the colonial-era criminal law (Indian Penal Code), has strengthened the legal provisions related to women's safety and made filing of complaints easier and delivery of justice faster, he said. Addressing a huge gathering at Vansi Borsi village in Navsari district of Gujarat on International Women's Day, Modi said that India is walking on the path of women-led development for rapid progress of the country.
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