Progressive Financial News

It’s Day 1 of the U.N. General Assembly high-level meeting that brings world leaders together at U.N. headquarters in New York

Investing.com -- U.S. futures point higher, with markets almost certain that Federal Reserve policymakers will hold interest rates steady following a much-anticipated policy-setting meeting that starts on Tuesday. Elsewhere, Instacart shares are set to begin trading in New York after the online grocery delivery service priced its initial public offering at the top-end of its target range, while the United Auto Workers union warns of further U.S. plant closures if fraught negotiations with three major carmakers show no signs of progress.

By Howard Schneider

The long-pending bill to reserve seats for women in India’s national and state legislatures could give a much-needed boost to women’s role in the country’s electoral politics. Women’s representation in the Lok Sabha has increased gradually over the years, but India hasn’t quite kept pace with the progress in the rest of the world, a Mint analysis of data from the Inter-Parliamentary Union (IPU) showed. A total of 82 members of the lower house, or 15.2%, are women at present.

By Xie Yu, Donny Kwok and Steven Bian

MUMBAI/NEW DELHI : India's Torrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, two people briefed on the discussions said. Torrent is hoping to secure roughly $3 billion to $4 billion in financing for the bid for its much bigger rival, they said. Bernstein analysts have estimated that a deal for about 60% of India's No.

Sonia Gandhi, the parliamentary head of the Congress party, expressed her support for the Women's Reservation Bill, firmly declaring it as a possession of her party. This declaration comes at a time of growing anticipation regarding the possible introduction of the bill in Parliament. Gandhi's statement emerged during her entrance to Parliament on Tuesday when she was questioned about the bill. She unambiguously stated, «It is ours, apna hai.» The Congress party has advocated for the Women's Reservation Bill for an extended period and has greeted the anticipated progress with enthusiasm.

Apple captured the world's attention with its «Mother Earth» ad. Apple's CEO, Tim Cook, played a pivotal role in the ad, which quickly went viral.

Tata Group's Tata Capital Ltd is restructuring its operations and expanding its board as part of the Group's plan to take the non-bank lender public, according to the report. “The Tata group is targeting an IPO for Tata Capital in 2025. The board has been expanded, and mergers of some of the group firms under Tata Capital have been done as a part of the IPO plan," Mint reported citing sources. The group is reportedly eyeing a similar listing to that of Mukesh Ambani's Jio Financial Services Ltd last month. “Currently, it is a work in progress, with the IPO process to begin in March 2024 with the appointment of investment bankers," company sources quoted in the report said. As per the RBI guidelines, an ‘upper-layer’ NBFC must list within three years of being notified.

NEW DELHI : Prime Minister Narendra Modi opened a special session of Parliament on Monday with an emotive speech, for the last time from the old Parliament house, in which he paid rich tributes to the country’s democratic traditions and recalled contributions of all former prime ministers—Jawaharlal Nehru and Atal Bihari Vajpayee to Manmohan Singh—and said the colonial-era premises will remain a “source of inspiration" and “place of pilgrimage" for all time to come. Future proceedings of Parliament will commence from a modern building complex next to the old one, which Modi inaugurated in May this year.

MUMBAI : Tata Capital Ltd is restructuring its operations and expanding its board as part of the Tata group’s plan to take the non-bank lender public, two people with direct knowledge of the matter said. “The group is targeting an IPO (for Tata Capital) in 2025. The board has been expanded, and mergers of some of the group firms under Tata Capital have been done as a part of the IPO plan," one of the two people said on condition of anonymity.

By Farooq Wani

In an exclusive interview, Radheecka Rakesh Garg, Director of Rajdarbar Realty, talks about the growth prospects of commercial realty in Tier 2 and Tier 3 cities and shares her views on the Gurugram market. Excerpts:

By Katharine Jackson

Nirmala Sitharaman and Agriculture Minister Narendra Singh Tomar will on Tuesday inaugurate the 'Kisan Rin Portal' to help farmers avail subsidised loans under the Kisan Credit Card (KCC).

India and France is putting in place a partnership for security and sovereignty which has a particular meaning, France and India being two major stakeholders in the Indo-Pacific region, noted Thierry Mathou, French Ambassador designate to India. The two countries would also work for a partnership for the planet and global issues which is essential to meet the challenges of climate change, according to Mathou who till recently was French envoy to Thailand. He further noted that France is embracing the concept of “Vasudhaiva Kutumbakam” — One Earth, One Family, One Future- proposed by India as the outlook of the recent G20 Summit. “This Summit gave an opportunity to our leaders to assess and review the progress in our bilateral relations since the historic visit of Prime Minister Narendra Modi to Paris last July as the Guest of Honor of the French National Day on the occasion of 25th anniversary of the France-India Strategic Partnership, at the initiative of President Emmanuel Macron.” “My role is now to implement with determination and ambition for our partnership the roadmap adopted by our leaders…Let me tell you that this is very concrete and is intended to translate into numerous programs and projects that will have an impact on daily life, such as training new generations of Indian students in France where they are welcomed with open arms; create tens of thousands of new jobs in India where French companies are already very active and fully committed to the Make in India motto; bring together our scientists and engineers to advance research and technology in all fields; improve the lives of Indians, whether through water treatment, access to new sources of clean and affordable energy, or the development of transport;

Young and the Restless" star Billy Miller at the age of 43 has left the entertainment world and fans in mourning. Reports indicate that Miller, known for his soap opera roles, battled manic depression and Progressive Supranuclear Palsy (PSP). This article delves into PSP, its symptoms, and what sets it apart from other neurological disorders, shedding light on a condition that has gained attention due to Miller's tragic death.

San Francisco’s beleaguered office market, the hardest hit of any in the U.S. since 2020, is beginning to display flickers of life. Technology companies’ rapid adaptation of remote work, along with an increase in crime and other quality-of-life concerns, hollowed out San Francisco’s business district.

OTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.

Ray Dalio, during his address at the All-In Summit 2023 held at Royce Hall on UCLA's campus in Los Angeles, has expressed his belief that India holds the highest potential for growth among the top 20 countries globally. Drawing parallels between India's Prime Minister, Narendra Modi, and China's legendary leader Deng Xiaoping, Dalio emphasized the significance of India's substantial reforms in translating into robust economic progress. «We have 10-year growth rate estimates for India and the top 20 countries of the world.

In a surprising turn of events, the central government called for a special session of Parliament from September 18 to 22, merely weeks after the conclusion of the Monsoon Session on August 11.