Progressive Financial News

As Bitcoin sees a 1% surge, speculations arise regarding the potential involvement of whales, given a massive $10 billion injection into BTC. 

YouTube Music has reportedly introduced real-time lyrics on Android and iOS, enhancing the user experience. This feature offers interactive, dynamically updating lyrics with improved design and alignment with the music. However, it is not yet available for all songs, but updates promise wider coverage in the future.

Singapore is ready for a non-Chinese prime minister at any time, presidential candidate Tharman Shanmugaratnam has said ahead of the September 1 election, calling it a marker of the society's progress in the country dominated by Chinese-origin population. Race is a factor in politics everywhere, he said on Friday, citing former US president Barack Obama, who has spoken and written about it. However, Singaporeans today, unlike 40 or 50 years ago, look at all factors and not just race, said 66-year-old Tharman, a Singaporean of Indian origin. «They look at people in totality… Singapore is ready at any time.

Kazakhstan has ranked 25th in the World Bank's Ease of Doing Business Report. The office of KAZAKH INVEST in India is ready to provide assistance, starting from an idea to the commissioning.

Decentralized finance (DeFi) platform Curve Finance has announced its plan to refund users affected by the recent attack that resulted in a loss of $62 million. The incident, which occurred on July 30, 2023, involved a malicious hacker exploiting security vulnerabilities in Curve Finance's Vyper compiler, specifically targeting versions 0.2.15 to 0.3.0.

Narendra Modi flew down to Bengaluru on Saturday morning directly from the Greek capital of Athens to congratulate and interact with ISRO scientists involved in the Chandrayaan-3 mission to the Moon. Modi is slated to visit ISRO Telemetry Tracking and Command Network (ISTRAC) here, where he would be briefed by top ISRO officials about the progress of the country's third Lunar venture. «Landed in Bengaluru.

Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday

Taiwan’s vice president and front-runner in upcoming presidential elections has accused China of employing unfair trade practices that could be used to influence the voting

Auto workers have voted overwhelmingly to give union leaders the authority to call strikes against Detroit car companies if a contract agreement isn’t reached

Sarbananda Sonowal has asked all the states of northeast India to explore the possibility of setting up an Integrated Ayush Department in the leading state hospitals, in line with setting up of similar departments in all 19 AIIMS. The Regional Review Meeting of Northeastern states of India was ceremonially inaugurated by the Chief Minister of Assam, Himanta Biswa Sarma along with Sonowal in Guwahati. The event was also attended by health ministers of Assam, Arunachal Pradesh, Manipur, Mizoram, Sikkim, Tripura along with senior officials from Meghalaya, Nagaland as well as other states of the region. The Union Minister of State for Ayush and Women & Child Development, Dr.

India was over the moon about landing on the Moon. And it was also the moment when a few hundred avowedly nerdy looking scientists at the mission control centre at Sriharikota became the darlings of over a billion proud Indians around the world. For once these Indians' adulation was not directed at a galaxy of cinema or sports superstars with their expensively maintained, sleek faces and bodies but at rows of exceedingly ordinary looking men and women, made extraordinary by the dint of their achievement: creating a totally indigenous mooncraft (Chandrayaan) that made a perfect landing on the Moon's south pole, a feat that no other nation has pulled off.

By Howard Schneider and Ann Saphir

Indian Oil Corporation (IOC) plans to spend about ₹2.4 lakh crore to achieve its net-zero operational emissions target by 2046, said its chairman Shrikant Madhav Vaidya. «Our well-crafted blueprint, with a staggered investment plan of about ₹ 2.4 trillion or $30 billion, will take us towards the net-zero destination,» Vaidya told shareholders at the company's annual gathering. IOC, which is the nation's largest refiner as well as fossil fuel retailer, also plans to invest about ₹1 lakh crore to expand its refining capacity by a third to 107 million metric tonnes per annum. «As we navigate through the realms of India's green agenda, I must also underline that given India's progress trajectory and geopolitical realities, it is imperative to strengthen our focus on the traditional fuel business,» Vaidya said. He cited the latest outlook from the International Energy Agency, which shows India's oil demand rising from the current 5 million barrels per day (mbpd) to 7 mbpd by 2030, and about 9 mbpd by 2040.

Nirmala Sitharaman said on Friday. Persistent high inflation will crimp demand, Sitharaman said and added that the tendency to use interest rates as the only solution to tackle inflation has its own downside. “Most economies do have this problem—an obsession of using interest rate as the only tool to deal with inflation," the minister said at the B20 summit, a gathering of top business executives from G20 countries.

Air India Express and AIX Connect on Friday announced new harmonised grades, compensation and benefits for the two companies ahead of their merger.

(Reuters) — Federal Reserve Chair Jerome Powell on Friday said the central bank may need to lift interest rates further to finish the job of lowering inflation on a sustained basis.

₹1,979 crore in the paint business in fiscal year 2023, Kumar Mangalam Birla, chairman Grasim Industries Ltd, told the 76th annual general meeting. “Your company has embarked on a transformational growth phase with the incubation of two new high-potential growth engines—paints and B2B e-commerce for building materials. In FY23, your company executed its largest ever capital expenditure investing ₹4,307 crore including ₹1,979 crore toward the paints business," he added.

Mumbai: Punit Goenka, former managing director & chief executive officer of Zee Entertainment Enterprises Ltd, on Friday moved the Securities Appellate Tribunal (SAT), challenging a recent confirmatory order issued by the markets regulator Securities and Exchange Board of India (Sebi). In its appeal before the tribunal, a senior counsel representing Goenka requested a stay on the effect and operation of the regulator’s order.

Inflation could reaccelerate: Fed Chair Jerome Powell acknowledged that the inflation situation is improving and the economic outlook is more favorable now than it was a year ago. However, the central bank is ready to raise to interest rate further, and resilience in the economy comes with the risk of inflation reacceleration. "At upcoming meetings, we will assess our progress based on the totality of the data and the evolving outlook and risks," Powell said.

Investing.com -- The Federal Reserve is prepared to continue raising interest rates until it is convinced inflation is headed toward its 2% target, according to Chair Jerome Powell, who spoke Friday morning from the central bank’s annual meeting in Jackson Hole, Wyo.

By Samuel Indyk