Progressive Financial News

reality that Indian states must play the primary role in climate change adaptation and mitigation. Hence, there is a need for new federal institutions to rebalance governance capacity with states. The Constitution gives the Centre the lead role in key realms of climate governance, such as mines and petroleum, industry and inter-state waters.

The U.S. trade deficit has been narrowing, and that has been a plus for the U.S. economy.

India's long-term economic growth present plenty of room for Indian and Scotch whiskies to prosper in the world's biggest whisky market, an industry association said on Wednesday.Scotch Whisky Association (SWA) also said that the proposed reduction in import duty by India under a free trade agreement between New Delhi and London would not only help boost exports of Scotch whiskey from the UK, but consumers here will also get more choice as smaller producers enter the market. India and the UK are negotiating a free trade agreement. It will also benefit India-Made Foreign Liquor (IMFL) brands by reducing import costs. The association also said that imported Scotch whisky will pose «very little» direct competition to local Indian whisky because of its small size here. A large portion of the export of Scotch whisky to India is in bulk, and the bottled versions are only 24 per cent of exports.

‘India for India’ and ‘India for Export’ strategy.”Bangalore: Nidec Corporation is the world’s leading electric motor manufacturer, with over 340 group companies and 1 lac employees worldwide. The company recorded $17B in sales last year Nidec’s Motion & Energy Business Unit marked a significant milestone with a Groundbreaking Ceremony for an ambitious project in India at the Kotur-Belur Industrial area of Hubli-Dharwad, Karnataka. Nidec has a robust Indian manufacturing presence with seven manufacturing bases in operation today.

Origin Energy stands to increase gross earnings by about $650 million in 2025-26 if its huge Eraring coal power generator remains open, according to Morgan Stanley estimates, in findings that may play into the terms of a deal expected to be struck with the NSW government to extend its life.

G20 Summit as he leaves for Jakarta on Wednesday evening to take part in the ASEAN-India Summit and East Asia Summit. The Prime Minister chaired a meeting of the Council of Ministers as well as a cabinet meeting earlier on Wednesday. He will hold back-to-back meetings till 7:30 pm, government sources said. They said the Prime Minister will emplane for Indonesia at 8 pm, spend around 7 hours on the flight and reach Jakarta at 3 am IST on September 7. He will leave for the venue of the ASEAN-India Summit at 7 am.

By Jarrett Renshaw and David Lawder

financial services company based in Chennai which was launched in the year 2020, to democratize finance and make it accessible to all, is all set to shift gears as they are preparing to launch their Fintech app. Finfortune is leaving no stone unturned working towards the launch of their Fincover app, a cutting-edge fintech application that is set to redefine the way you manage your finances. Packed with innovative and punchy features, the Fincover app empowers you to take control of your financial future like never before.

Sanatana Dharma" remark. While the Bharatiya Janata Party (BJP) has been relentless in their demand for apology from Stalin, also seeking Congress' response to the remark, Udhayanidhi has refused to budge from his stance.

As the new academic year gets underway, a new report reveals a gender gap among the most lucrative degrees.

ASEAN Summit in Jakarta will be extremely critical for all stakeholders particularly ASEAN members to drive home point on ASEAN solidarity amid major geo-political upheavals including in SE Asia and Indo-Pacific region. It is imperative for the ASEAN leaders under Indonesia’s presidency to reiterate ASEAN solidarity on key challenges including in the South China Sea region. The ASEAN should be united on matters of Code of Conduct negotiations with China.

Antony Blinken arrived in Kyiv on Wednesday in a gesture of support as Ukraine's counteroffensive against Russian forces grinds into its fourth month with only small gains. During his two-day visit, staying overnight in Ukraine for the first time since before Russia's February 2022 invasion, Blinken will likely announce a new package of U.S. assistance worth more than $1 billion, a senior State Department official said in a briefing for reporters on the trip. Blinken, on the first trip to Kyiv by a top U.S.

Joe Biden at the G20 Summit include delivering for developing nations, making progress on key issues like climate, technology and reshaping the multilateral development banks, the White House has said, expressing hope that the bloc will be able to make headway on those topics under Prime Minister Narendra Modi's leadership. On Thursday, President Biden will travel to New Delhi to attend the G20 Leaders' Summit. On Friday, President Biden will participate in a bilateral meeting with Prime Minister Modi and on Saturday and Sunday, the President will participate in the official sessions of the G20 Summit. As Biden heads to the G20, he is committed to working with emerging market partners to deliver big things together, National Security Advisor Jake Sullivan said during a press briefing on Tuesday. «That's what we believe the world will see in New Delhi this weekend,» he said. America's commitment to the G20 has not wavered, and it hopes the G20 Summit in New Delhi will show that the world's major economies can work together even in challenging times, Sullivan said. «So, as we head into New Delhi, our focus is going to be on delivering for developing countries; making progress on key priorities for the American people, from climate to technology; and showing our commitment to the G20 as a forum that can actually, as I said before, deliver,» he said.

₹190 billion for 5 fleet support ships was awarded to Hindustan Shipyard, while Acceptance of Necessity (AoN) worth ₹78 billion was accorded for various platforms. Progress is being made on development and acquisition of fighter aircraft along with a visit by Air Chief Marshal to Hindustan Aeronautics Ltd (HAL). Additionally, successful firing of Astra BVR missile from Tejas, progress on P75I and P76 submarine programmes and guided Pinaka Rocket System is likely to enter final user trials in the next 1-2 months, are among key developments in the sector.

Narendra Modi will also embark on his visit to Indonesia on Wednesday to attend the summits tomorrow. The forthcoming ASEAN-India Summit will be the first Summit since the elevation of ties between India and the Association of South East Asian Nations bloc of countries to a Comprehensive Strategic Partnership in 2022.

Five-Star Business Finance, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 21006.79 Crore) operating in NBFC sector. Five-Star Business Finance key Products/Revenue Segments include Interest, Fees & Other Charges and Income From Sale Of Share & Securities for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Standalone Total Income of Rs 483.57 Crore, up 10.08 % from last quarter Total Income of Rs 439.29 Crore and up 42.62 % from last year same quarter Total Income of Rs 339.06 Crore. Company has reported net profit after tax of Rs 183.71 Crore in latest quarter. Investment RationaleFive Star Business Finance’s FY23 annual report provides an insight on how it is progressing towards its vision of “reaching the unreached through suitable credit solution” and capturing the INR 22trn MSME lending opportunity.

Narendra Modi is set to embark on a significant diplomatic visit to Indonesia this Wednesday evening. The visit, a tight 24-hour trip, culminates in his return to New Delhi on September 7 evening. The excursion to Jakarta is at the invitation of Indonesian President Joko Widodo and it comes as a precursor to India's hosting of the G20 Summit on September 9-10.

The boss of “no-chafing” underwear group Step One says it will be a “slow and steady” recovery for the online retailer which dialled back its United States expansion plans and expanded into women’s underwear.

The host of the first Africa Climate Summit says climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax on polluters

Sanatana discrimination," the junior Stalin was quoted as saying. Unfazed by the widespread opposition and emphasizing the stance of the Dravida Munnetra Kazhagam (DMK) on Sanatana Dharma, Udhayanidhi Stalin said he would repeat his remark again. “I will again and again, talk on the issue that I spoke at the event on Saturday.

Brokerages are doing a better job of complying with Regulation Best Interest but they have more work to do before they get it right, state securities regulators said Tuesday.