Progressive Financial News

UBS managing director and senior portfolio manager Jason Katz discusses the impact of the UAW strike on the Federal Reserve and the auto industry, as well as high oil prices.

financial services and insurance (BFSI) sector to line up a host of incentives, promotions and career progression plans to retain manpower, the frequent loss of which is posing a major challenge, said industry executives. The likes of Axis Bank, Motilal Oswal Financial Services and IIFL Finance are rolling out measures such as employee stock ownership plans (ESOPs) across the ranks, including the frontline workforce, internal career switch opportunities with promotions and salary increase, quarterly incentives, learning and upskilling opportunities, and festival bonuses, with an aim to create more career growth and earning opportunities at a time when poaching has become rampant. Motilal Oswal Financial Services has launched a new policy which focuses on aggressive and structured push for professional growth of employees with cross-functional role changes along with promotions. In this financial year, the company has planned about 600 such role movements or promotions as a retention tool, group chief human resources officer Niren Srivastava told ET.

Vedanta Resources to take cognizance of the increased risk around the company's upcoming debt repayments, while maintaining its negative outlook. The rating agency has also warned of a further downgrade if the company is unable to make progress on funding arrangements. «The downgrade reflects elevated risk of debt restructuring over the next few months because VRL has not made any meaningful progress on refinancing its upcoming debt maturities, in particular the $1 billion bonds maturing each in January 2024 and August 2024,» Kaustubh Chaubal, the lead Moody's analyst on the conglomerate, said Tuesday. Moody's has downgraded corporate family rating for the London-based commodity major to Caa2 from Caa1 earlier.

NEW DELHI : Maruti Suzuki India Ltd has surged ahead in the rapidly expanding SUV (sport utility vehicle) segment, marking a turnaround after several quarters of market share loss due to declining small car sales and lack of new SUV launches, following its exit from the diesel-engine market in 2020. Maruti has made significant progress in realizing its 2023-24 target of 25% share in India’s SUV market, consistently increasing its share for three straight months, spanning July through September. In July and August, the company’s SUV market share exceeded 24.5%, and it expects a similar performance in September.

(Reuters) — The Slovak opposition SMER-SSD party, led by three-time prime minister Robert Fico, held a narrowing lead over its nearest challenger, the liberal Progresivne Slovensko, before a Sept. 30 election, a Focus agency poll showed on Tuesday.

Minneapolis Federal Reserve President Neel Kashkari thinks there's nearly a 50-50 chance that interest rates will need to move significantly higher to bring down inflation.

NEW DELHI : India will have a wide network of fenced-off highways and expressways in the next 10-15 years that will allow commuters to get on to them by travelling no more than 100 km from wherever they begin their journey, a top road ministry official said. According to road transport and highways secretary Anuraj Jain, the ministry is finalizing a new Vision 2047 programme, with a focus on building an extensive network of greenfield “access-controlled" expressways. The network of roads will provide smoother and faster connectivity, especially along the economic corridors, border regions and far-flung areas, and help reduce the logistics cost in the country.

By Ann Saphir

Ford says it’s pausing construction of a $3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively

New York-listed Albemarle has had its teams out on-site running the rule over Liontown Resources’ flagship lithium project and raised no red flags, according to sources close to a $6.6 billion takeover deal.

Dhruvil Sanghvi has made it his mission to ensure that the company operates with the highest ethical standards and even publicly admitted that he made mistakes by being flexible on those areas in his early years of leadership. Under his guidance, LogiNext has not only achieved remarkable growth but has also placed a strong emphasis on safeguarding customer data and progress. In today's digital age, data is the lifeblood of businesses, and protecting it is not just a legal requirement but a moral obligation.

BEIRUT (Reuters) — Lebanon risks being «ostracised» by the international community if its nearly year-long presidential vacuum drags on further, France's special envoy Jean-Yves Le Drian told a local Lebanese newspaper in an interview published on Tuesday.

As per the report, industry bodies estimates indicate that these two bandh days have cost the state approximately Rs 4,000 crore in losses. This economic setback could potentially hinder Karnataka's progress towards its goal of becoming a $1 trillion economy, especially when it has just started to recover from the impact of the pandemic, the industry bodies said. BC Prabhakar, President of the Karnataka Employers Association (KEA), told TOI, «Bandhs hurt the livelihood of people.

The India Meteorological Department (IMD) on Monday said that the southwest monsoon current has started withdrawing from parts of Rajasthan, indicating the beginning of the end of its four-month journey. The normal withdrawal date is 17 September. The full withdrawal typically takes about a month.

IAS), choosing the right coaching institute is a critical decision that can shape your future. With a multitude of options available, each claiming to be the best, making an informed choice can be a daunting task. «Becoming a civil servant is not just about clearing an exam; it's about shouldering the responsibility of driving positive change in society.

Bryan Johnson, the tech millionaire who sold his payment processing company for $800 million in a quest to reverse the ageing process, is now consuming 111 pills daily to stay young. In a recent interview with TIME, Johnson revealed his daily regimen of consuming 111 pills, alongside the use of various health monitoring devices to track his progress. This includes wearing a baseball cap that emits red light onto his scalp, collecting his own stool samples, and sleeping with a tiny jet pack attached to monitor nighttime erections. He reportedly spends $2 million (about Rs 16.5 crore) per year on his anti-aging hacks.

central government departments by the NDA dispensation since 2014 as against six lakhs during the first nine years of the UPA rule, Union Minister of State for Personnel Jitendra Singh said Tuesday. Addressing 'Rozgar Mela' presided over by Prime Minister Narendra Modi here, Singh said that not only jobs have been created in the past nine years but the PM has generated awareness among the youths that employment is not only about government jobs. That is why, he said, the number of start-ups have gone up to 1.25 lakh from around 350-400. «You (PM) have also opened up space sector and the number of start ups went up to 150 from four.

Over the next week, the United States government faces the possibility of a shutdown as House Speaker Kevin McCarthy grapples with internal political pressures regarding spending plans. 

Investing.com-- The U.S. government is facing a potential shutdown at the end of September, with lawmakers having flagged little progress towards reaching consensus over a spending bill. 

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