Progressive Financial News

Congress royal family has once again been exposed."

Subscribe to enjoy similar stories. Indian steel majors Tata Steel Ltd and JSW Steel Ltd experienced strong domestic demand in the December quarter (Q3FY25), which helped offset a 12-13% drop in realization for both companies. Tata Steel’s standalone Ebitda declined 8% year-on-year, but was 24% higher than analysts’ estimates, supported by lower other expenses and 8% growth in volumes.

Bitcoin extended its biggest jump in more than a week following the United States Federal Reserve’s latest monetary policy meeting and comments from Chair Jerome Powell that touched briefly upon crypto regulation.

Subscribe to enjoy similar stories. TVS Motor Company Ltd stock rose 9.7% after its Q3FY25 results, as margin hit record high of 11.9% in the quarter, mainly driven by lower commodity prices. Profitability is set to improve further as TVS expects to receive benefits from the government’s production-linked incentive (PLI) scheme from Q4FY25 onwards, which has led to earnings-per-share upgrades by some brokerages.

India Budget 2025: Climate change and human progress are intertwined, with energy serving as the critical link. Countries need energy not just to sustain their populations but also to fuel development and improve quality of life. However, this relentless pursuit of progress has led to the burning of fossil fuels, which accounts for 75% of global greenhouse gas emissions, as per a UN report. As the world grapples with this challenge, the spotlight turns to renewable energy as the key to sustainability.

Subscribe to enjoy similar stories. The success of DeepSeek, the Chinese rival to American goliaths with radically more cost-effective artificial intelligence, reveals the futility of U.S. sanctions policies.

Subscribe to enjoy similar stories. Talk about throwing good money after bad. Washington spent $190 billion to make up for the damage from the Covid school shutdowns.

Asian stocks fluctuated on Thursday after the Federal Reserve held rates unchanged, with Chair Jerome Powell saying officials were not in a hurry to lower borrowing costs. Shares in Japan opened slightly lower, weighing down a gauge of Asian equities despite a small gain for shares in Australia. Many of the region’s equity markets including China, South Korea and Taiwan remained closed for the Lunar New Year holiday.

QI Research CEO and chief strategist Danielle DiMartino Booth reacts to the Federal Reserve leaving interest rates unchanged on 'Making Money.'

The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead. In a widely anticipated move, the central bank's Federal Open Market Committee left unchanged its overnight borrowing rate in a range between 4.25%-4.5%. The decision followed three straight cuts since September 2024 worth a full percentage point and marked the first Fed meeting since frequent Fed critic Donald Trump assumed the presidency last week and almost immediately made known his intentions that he wants the central bank to cut rates. The post-meeting statement dropped a few clues about the reasoning behind the decision to hold rates steady. It offered a somewhat more optimistic view on the labor market while losing a key reference from the December statement that inflation «has made progress toward» the Fed's 2% inflation goal.

Subscribe to enjoy similar stories. SINGAPORE—The unexpected success of Chinese AI startup DeepSeek has revealed cracks in U.S. efforts to contain China’s technology ambitions, challenging both Washington and Silicon Valley to rethink how best to preserve American supremacy.

government school enrolment but also highlights improvements in learning levels in such schools in younger children.

Subscribe to enjoy similar stories. To weed out polluting vehicles older than 20 years from Indian roads, the highway ministry is considering a carrot-and-stick approach. It plans to double the incentives to nudge owners to replace them, and if that doesn’t work, order mandatory scrapping.

AI startup DeepSeek sent shockwaves through the tech world this weekend after its new AI assistant shot to the number one spot on Apple's app store, according to a report. The move sparked concerns among investors in the artificial intelligence sector and policymakers alike.

Subscribe to enjoy similar stories. Laws are almost always designed to be broad, aimed at addressing a range of different issues. However, governments sometimes deviate from that approach, enacting targeted legislation aimed at narrow outcomes.

Nvidia shares tumbled 17% Monday, the biggest drop since March 2020, erasing $589 billion from the company’s market capitalization. That eclipsed the previous record — a 9% drop in September that wiped out about $279 billion in value — and was the biggest in US stock-market history.

Subscribe to enjoy similar stories. The Union budget comes at a crucial juncture as India needs to accelerate its pace in renewable energy capacity addition and adoption of new-age green technologies in a bid to achieve its ambitious energy transition goals.