Progressive Financial News

QI Research CEO and chief strategist Danielle DiMartino Booth and UBS Private Wealth Management managing director Alli McCartney discuss the Fed's inflation plan for 2024 on 'Making Money.'

Ask better questions and find the answers that lea... moreAsk better questions and find the answers that lead to financial success with Mint.

statement issued soon after the Bill was introduced in Lok Sabha, it said: “IAMAI hails the Bill as progressive especially since internet companies have been decisively kept out of the ambit of the final version of the Bill… The Bill introduced in the Lok Sabha now excludes email, internet-based communication services, broadcasting services, machine to machine communication services and over-the-top communication services, as suggested by IAMAI." However, Meta’s head of India public policy, Shivnath Thukral, cautioned that the government could choose to apply the proposed legislation to OTT services at a future date. In an internal note as well as a letter to the communications minister, he wrote that the definitions of ‘telecommunications services’, ‘telecommunications identifier’ and ‘messages’ could be interpreted to implicitly include OTT services, and that the government could use delegation powers to do so.

₹3,400 crores in the Axis India Manufacturing Fund. This thematic fund was introduced to deliver long-term capital appreciation through investments in equity and equity-related securities of companies aligned with the manufacturing theme. From December 01 to December 15, 2023, this new fund offer (NFO) witnessed strong engagement from various investor segments across more than 500 locations in India, accumulating nearly 1,50,000 applications.

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Essar Oil UK has signed on Denmark-based Topsoe as a technology licensor for its carbon capture facility, based in Stanlow, North West England. Topsoe, a global provider of carbon emission reduction solutions, will provide its sustainable flue-gas treatment technology SNOX, the company said in a statement. The SNOX technology helps refineries and power plants remove sulfur dioxide, nitrogen oxides, and particulates from flue gases. This will help Essar Oil UK’s $1.2 billion investment in decarbonizing the refinery by reducing 2 million tons of CO2 (95%) emissions, making it the world’s first low-carbon refinery and a producer of low-carbon fuels. “The industrial carbon capture facility, combined with our upcoming hydrogen fuel switching project, will reduce the refinery’s CO2 emissions by 95%. Topsoe is a valuable partner in this endeavor.

global conflict looms large, fuelled by ideological divisions, resource scarcity and climate change, said Chief of Air Staff, Air Chief Marshal Vivek Ram Chaudhari on Friday. The Air Chief was speaking on India and Global South at the 20th Subroto Mukherjee Seminar organized at Manekshaw Centre. The Air Chief said that the landscape of international relations is constantly shifting and traditional power structures are increasingly being challenged by new players and the threat of global conflict looms large, fuelled by ideological divisions, resource scarcity and climate change which has created interconnected challenges like economic disparity and resource exploitation. «Black Swan events like COVID-19 and conflicts like those we are witnessing across the world have aggravated the situation. In spite of all this, we are witnessing resilience and sustained economic growth by countries of the Global South.

Buy or sell stocks for today: After worst sell off in last 10 months, Indian stock market bounced back and ended higher on Thursday. Nifty 50 index ggained 104 points and closed at 21,255 levels, BSE Sensex shot up 358 points and ended at 70,865 mark whereas Bank Nifty index finished 394 points higher at 47,840 levels.

Day trading guide for today: Indian stock market witnessed a healthy bounce back on Thursday after a sharp selloff seen on Wednesday. Nifty 50 index ggained 104 points and closed at 21,255 levels, BSE Sensex shot up 358 points and ended at 70,865 mark whereas Bank Nifty index finished 394 points higher at 47,840 levels. Broad market indices rose more than the Nifty 50 index even as the advance decline ratio rose sharply to 3.66:1.

Congress leader Rahul Gandhi expressed his condolences over the death of four soldiers in the terrorist attack on two military vehicles in the Thanamandi area in the Rajouri sector on Thursday «The news of the martyrdom of our soldiers in the dastardly terrorist attack in Rajouri, Jammu and Kashmir, is very sad. The country will always remember their supreme sacrifice in defence of India.

Zack Snyder's Rebel Moon has made its cinematic debut with the release of Part One: A Child of Fire, but this is just the beginning. Snyder envisions a more extensive journey into the Rebel Moon universe, hinting at the possibility of a four-movie saga. As the first installment hits screens, discussions are buzzing about the confirmed sequels, potential additional movies, and Snyder's signature extended versions.

Brookfield Property Partners LP’s issuer credit rating was cut to junk and put on a negative outlook by S&P Global Ratings as the real estate investors’ credit quality deteriorates amid higher borrowing costs and weak office demand.

₹300/ ₹400 per kg. As of now, the essential spice of the kitchen household is being sold at the rate of ₹150/250 per kg in the wholesale market whereas it remains between ₹300 and ₹400 per kg in the retail market. The rise in price of the kharif crop, due to the delay in harvesting season is likely to persist for some more time.

₹9.3 trillion have been withdrawn. Improving the outcomes of debt resolution—salvaging the business as quickly as possible and reducing the haircut for creditors—has been a key goal of the government.

Allcargo Logistics Thursday said it will demerge its money-spinning international business ECU Worldwide into a separate listed entity Allcargo ECU Ltd, as it aims, as the last step, to restructure its businesses. The international supply chain business accounted for over 88% of its total over Rs 20,0000 crore revenue as of FY23. “Express business and contract logistics business would come under the resulting entity Allcargo Logistics which will benefit from combined synergies and the shareholders of Allcargo and Allcargo Gati will get direct shareholding eliminating inefficient complex corporate structure,” the company said in a statement. The restructuring started with selling its non-core assets, progressed to giving exits to its partners and acquiring their stakes in business and has culminated with this demerger. The Allcargo Group will now have four listed entities Allcargo ECU, Allcargo Logistics (that will include the express business after it acquired Gati) apart from Allcargo Terminals and Transindia Real Estate, in each of which its promoters own 70%. “As per the approved swap ratio, based on the recommendations of the independent valuers, shareholders of Allcargo Gati will get 63 shares in the resulting Allcargo Logistics entity (post ISC demerger) for every 10 shares held in Allcargo Gati. Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics Limited, which will now be the resulting entity holding Express and Contract Logistics business directly.

ECJ that UEFA and FIFA have no right to block it, has led to the expectations surrounding a new European Super League, being revived. According to the ECJ ruling on Thursday, the two regulatory bodies have breached the European Competition law at the time they have put a prevention on the initial plans in the year 2021.

By Pablo Mayo Cerqueiro

Martin Scorsese is set to receive an honorary Golden Bear at the 74th Berlin International Film Festival, scheduled from February 15 to 25, 2024. The award acknowledging his lifetime achievement will be presented during a special ceremony on February 20. Berlinale managing director Mariëtte Rissenbeek and Artistic Director Carlo Chatrian expressed that, Martin Scorsese serves as an unparalleled role model for those who perceive cinema as the art of shaping a story in a manner that is both entirely personal and universal.

Indian stock market: How big is the Covid-19 risk for equities? Experts answer Domestic market benchmarks opened lower, tracking weak global cues, but rebounded sharply as the day progressed. The Nifty 50 touched its intraday low and high of 20,976.80 and 21,288.35, respectively, while the Sensex hit its intraday low and high of 69,920.39 and 70,958.71, respectively, during the session. Sensex finally closed the day with a gain of 359 points, or 0.51 per cent, at 70,865.10 while the Nifty 50 settled at 21,255.05, up 105 points, or 0.50 per cent.

financial planning. It advocates for streamlining your financial approach, concentrating on essential principles, and steering clear of intricate or high-risk strategies. The objective is to steadily and consistently accumulate wealth over time, eschewing the pursuit of quick-rich schemes.

Evidence is mounting that the Bank of Canada’s benchmark interest rate is high enough to bring inflation all the way back to the two-per cent target, deliberations from the central bank’s latest rate decision show.