Progressive Financial News

Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

RTI Act has crossed 90 per cent so far this fiscal, Chief Information Commissioner (CIC) Heeralal Samariya said on Sunday. Samariya, who was sworn in as the CIC on November 6, said this during a meeting with Union Minister of State for Personnel Jitendra Singh.

Nirmala Sitharaman on Sunday said women entrepreneurs are accorded first priority under the Centre's flagship Pradhan Mantri Mudra Yojana scheme which offers financial assistance to beneficiaries.Distributing sanction letters to beneficiaries under the PM SVANidhi Se Samriddhi programme which offers loans to street vendors, here, she said officials of the municipalities should identify the uncovered street vendors and help them avail benefits of this scheme. SVANidhi Se Samriddhi is an additional component of the PMSVANidhi scheme to facilitate access to eight Central government schemes to eligible PM SVANidhi beneficiaries and their family members for their holistic development and socio-economic upliftment.

BJP and Congress engaged in witty exchange on social media during India vs Australia World Cup ODI final in Ahmedabad. As India and Australia battled it out in the World Cup ODI final at the Narendra Modi Stadium, an unexpected exchange took place on social media between the Bharatiya Janata Party (BJP) and the Indian National Congress on X, formerly known as Twitter. The official handle of the BJP posted, «Come on Team India! We believe in you!» on X. In response, the Congress wrote, «TRUE THAT! JEETEGA INDIA.» This exchange caught the attention of many, who saw it as a surprising display of unity between the two major political parties. However, it soon became clear that this exchange was more about wit and banter than actual unity.

Dabur India CEO Mohit Malhotra in an interview with news agency PTI. Dabur recorded a significant increase in its domestic sales from South India, now accounting for 20% of its total sales, and has witnessed a doubling of its business in the region over the past 5-6 years. In response to this growth, the company is actively identifying market-specific gaps and needs, aiming to introduce customized products tailored to the preferences of these markets.

FMCG and ayurvedic products maker Dabur is planning to set up a new factory in South India in less than a year's time, as its business scales in the region, according to company's CEO Mohit Malhotra. Dabur, which now gets 20 per cent of its domestic sales from South India with its business there doubling in the last 5-6 years, is identifying gaps and usages to launch products customised to the markets, he told PTI in an interview.

Hinduja Group flagship firm Ashok Leyland is keen to get external investments for its electric vehicle arm Switch Mobility but only from 'the right strategic partner', and it will not shy away from investing on its own till such an ally is found, according to its Managing Director and CEO Shenu Agarwal. While Switch India is likely to be cash neutral or cash positive going forward, on an operating level at least, for Switch UK some more investments may be required in FY25, with the European and UK markets still not going that strong, he told analysts. «We are very keen on getting external investments also, but we want to make sure that we have the right strategic partner with us. I mean, we do it at the right valuation. So right now, the focus is to get Switch into a very, very strong mode by developing products, by maturing our technology on both the bus side and the LCV side,» Agarwal said. He was responding to a query on whether the current tough funding environment could delay roping in an external partner for Switch Mobility, which houses the electric vehicles (EV) business of Ashok Leyland.

Diwali signals the commencement of a new year for numerous Hindus in India. Spanning five days, this festival is marked by the illumination of lights, vibrant fireworks, and festive feasts. The significance of designating this celebration as the harbinger of a new start lies in its association with the goddess Lakshmi, the revered Hindu deity symbolizing wealth and prosperity.

On an all-staff call at Schwartz Media last week, employees were given a management update. It lasted five minutes. Then came an hour’s discussion about how the publishers of The Monthly and The Saturday Paper were covering the conflict between Israel and Hamas in Gaza.

Microfinance institutions empower women entrepreneurs amidst social challenges Established by David Hauser and Siamak Taghaddos, co-founders of Grasshopper, along with entrepreneur Amir Tehrani, Entrepreneurs' Day falls on the last day of Global Entrepreneurship Week in November. It serves as a token of gratitude for those who, against the odds, have not only achieved success but have also positively impacted communities by generating employment. Also Read: Entrepreneur, Billionaire, Investor, Content Creator; Shades Of Nikhil Kamath In a world constantly evolving, entrepreneurs act as the engine of progress, injecting fresh ideas and solutions into industries.

India's G20 sherpa, Amitabh Kant, has said the India-Middle East-Europe Economic Corridor (IMEC) will be a resounding success, despite the Israel-Hamas conflict casting a shadow over its viability. «India will continue to play a central role, balancing interests and aligning incentives to ensure IMEC reshapes global trade,» Kant told ET, adding that the project is resilient enough to withstand the current turbulence in the Middle East. Minted in New Delhi on the sidelines of the G20 summit in September, this ambitious geo-economic and geo-strategic project is designed with two components — an eastern corridor connecting India to the Gulf region, and a northern corridor that will link the Gulf to Europe through a ship-rail transit network and road transport routes. «Despite the ongoing geopolitical tensions, on which India's position has been made clear at the United Nations, we should focus on the long-term significance of projects such as IMEC,» said Kant.

AI is a revolutionary force that has been reshaping our world in ways previously unimaginable. AI is a multidisciplinary field that combines elements of computer science, mathematics, and domain-specific knowledge. However, to embark on a successful career in AI, one must acquire a set of specific skills.

Buy or sell stocks: After remaining net buyers for two straight sessions, FII turned net sellers again on Friday. FIIs sold out Indian shares worth ₹477 crore on Friday that turned the tide in bears' favour on last session of the week gone by. Nifty 50 index lost 33 points and ended at 19,730 levels, BSE Sensex went down 187 points and closed at 65,794 mark while Nifty Bank index corrected 577 points and finished at 43,583 levels.

Tata Technologies IPO: The initial public offering (IPO) of Tata Technologies Ltd is going to hit Indian primary market on 22nd November 2023 i.e. on Wednesday next week. The Tata group company has fixed Tata Technologies IPO price band at ₹475 to ₹500 per equity share.

Don Box announced the end of his tenure at Meta internally this week, without elaborating on what he would do next, according to a source familiar with the matter. A Meta spokesperson confirmed Box would be leaving the company at the end of this week and said he was doing so for personal reasons. There would be no change in product roadmap as a result of his decision, she added.

Narendra Modi on Friday condemned the civilian killings in the Israel-Hamas conflict, as he spoke about 'new challenges' in west Asia and emphasised on dialogue and diplomacy. «We have emphasised on dialogue and diplomacy. We also condemn the deaths of civilians in the conflict between Israel and Hamas,» Modi said in his opening address of the second virtual Voice of Global South Summit on Friday. Modi spoke on achievements of the G20 presidency, including progress on several initiatives unveiled at the first south summit in January.

By Ann Saphir and Michael S. Derby

Narendra Modi on Friday made plain his views on the ongoing conflict between Israel and Hamas, stating India strongly condemns civilian deaths arising from the devastating war. Speaking at the second edition of the Voice of Global South Summit in New Delhi, which saw leaders of Mauritius, Bangladesh, Indonesia, Ethiopia, Kenya and Kyrgyzstan, among others, in attendance, Modi said: “India has condemned the heinous terror attacks in Israel on 7 October. We have urged restraint along with dialogue and diplomacy.

TORONTO — Members of Canada’s increasingly frustrated fintech sector are calling on the federal government to move ahead with promised plans to give consumers more control over their financial data.

Playing Plinko with cryptocurrency in online casinos can be challenging, but there's a way to make it work for you. As in games offering real money, understanding the rules and strategies is key to enhancing your odds and reaping the rewards. 

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has pioneered the unveiling of the Distributed Ledger Technology (DLT) Foundations Regulations 2023, marking a crucial phase in the regulatory evolution of digital assets both regionally and internationally. This innovative regime, revealed a day ago, is tailored to address the unique legal requisites of Blockchain Foundations, Decentralised Autonomous Organisations (DAOs), and the encompassing crypto industry.