Progressive Financial News

Narendra Modi is set to deliver his 10th consecutive Independence Day speech from the ramparts of Red Fort on Tuesday, on the occasion of 77th Independence Day of India. Since tomorrow’s Independence speech would also be his last before the Lok Sabha election 2024, there is much anticipation around the event where the prime minister is likely to showcase his government's achievements, introduce flagship initiatives, and articulate his vision for the nation. Just like his previous addresses, PM Narendra Modi may chart how India has progressed under his rule and share his vision for the years to come, while also emphasising on India’s rising global stature.

Those in political power along with equity market participants seem to think the war on inflation has already been won, but perhaps it is too soon to declare victory.

Narendra Modi envisioned India as a developed country by 2047 to mark a century of freedom. He called the next 25 years an “Amrit Kaal," a propitious phase for the fulfillment of this ambition. As the emergence of our economy is a necessary—if not sufficient—condition for it, output per head would suggest itself as the gauge to adopt.

Crypto exchange giant Coinbase has announced its official launch in Canada, offering users a series of new features including 30-day free use of Coinbase One and zero trading fees.

Karnataka will scrap the National Education Policy (NEP) from the next academic year, Chief Minister Siddaramaiah announced on Monday, setting off a debate about the pros and cons of the Congress regime’s decision. The NEP came into effect on July 29, 2020, promising a meaningful change in the education system. Karnataka was the first state to switch to the NEP from the old education policy of 1986.

OpenAI will manage its situation, in response to a report forecasting potential bankruptcy for the AI research lab in the coming year. The report cited significant daily expenditures, notably around $700,000 (approximately ₹5.8 crore), dedicated solely to one of its groundbreaking products: the innovative ChatGPT.

₹26,000 crore into a series of expansive railway projects to establish comprehensive multimodal connectivity. Aligned with the strategic framework of the national coal logistic plan, these endeavors underscore the integration of first-mile connectivity (FMC) through strategically positioned railway sidings adjacent to coal mines. This strategic step is aimed at optimizing coal transportation and streamlining the loading process.

US Congressional Committee took a monumental step by advancing a bipartisan bill that seeks to establish a comprehensive regulatory framework for cryptocurrencies. This marks a pivotal moment for Capitol Hill in its endeavors to formalize federal oversight for the digital asset industry. The crypto sector has faced increased scrutiny, especially after several investors were affected by the sudden collapse of prominent companies like Celsius Network, Voyager Digital, FTX, and others. Against this backdrop, the classification of cryptocurrencies as securities or commodities represents a progressive stride, addressing both the Commodity Futures Trading Commission (CFTC) oversight and concerns raised by the Securities and Exchange Commission (SEC). With Congress passing its first regulatory bill for the crypto industry, a long-awaited victory has been achieved, while a parallel discussion regarding stablecoin requirements under the Federal Reserve’s purview is ongoing, which will strike a balance between innovation and investor protection.Why is this bill Important?The recent advancement of the regulatory bill by the US congressional committee signifies a groundbreaking effort to provide much-needed clarity to the evolving crypto industry. For years, crypto companies have operated within a regulatory gray area, leaving both investors and businesses uncertain about their legal obligations and rights.

India can be a trusted supply chain partner of Taiwan, which leads in hi-tech manufacturing in the Asian region, remarked Edison Hsu, Director, Taipei World Trade Center Liaison Office in Mumbai at an interactive meeting organized for an in-bound Taiwan Trade Mission at WTC Mumbai. Notably, India ranks as Taiwan’s 14th largest export destination and 18th largest source of imports. Bilateral trade between the two countries totaled US$8.45 billion in 2022, representing an increase of 9.8% over the previous year.

Rajneesh Chopra, CEO, VA Tech Wabag, says: “We will definitely be able to achieve very close to a double digit EBITDA margins for FY24. Even if you see in the current quarter, it is at 9.8% which is not far from a double digit. Historically, also, our first quarter always has been a little muted.

Pakistan President Arif Alvi on Monday appealed to political leaders to shun their differences and antagonism as the cash-strapped country celebrated its 76th Independence Day. Addressing a flag hoisting ceremony held at the Convention Centre here, the president also expressed his gratitude to friendly countries like China, Saudi Arabia, the United Arab Emirates, Iran and Turkiye for supporting Pakistan during its economic woes. He expressed confidence that Pakistan could become a developed country in a few years.

landslide in the rain-affected Summer Hill area of Shimla to assess the situation. All schools and colleges in the state were closed on Monday. 1) The river is flowing at a high volume along the road leading to Prashar Lake in the Mandi district of Himachal Pradesh.

Prime Minister Narendra Modi's claim of India beco... morePrime Minister Narendra Modi's claim of India becoming a top-three economy is likely due to population and economic growth, rather than his term.

Gadar 2 has taken the box office by storm, showcasing a remarkable performance in its initial three days since release. The film, known for its compelling narrative and star-studded cast with Sunny Deol leading the team, has captured the hearts of audiences across India. Here's a breakdown of the box office collections for the first weekend: The film roared into theatres with an impressive opening day collection of ₹40.1 crore, setting the stage for a thrilling cinematic experience.

While SCSS is undoubtedly one of the safest investment avenues for senior citizens, those who want to take some risks may explore mutual fund investments for higher returns. However, any such step should be taken only after consulting a professional financial advisor.

ISRO) is expected to conduct another orbit reduction maneuver of the Chandrayaan-3 spacecraft to take it closer to the surface of Moon, on August 14. The action is likely to take place between 11:30-12:30 pm today. The spacecraft had moved closer to the Moon's surface on August 9 after it underwent another orbit reduction maneuver.

Chandrayaan-3 orbit LIVE updates: The Indian Space Research Organisation (ISRO) has noted that Chandrayaan-3 is progressively approaching the Moon, with the upcoming lunar orbital manoeuvre scheduled to take place between 11:30 am and 12:30 pm IST on Monday.“Even closer to the moon’s surface. Chandrayaan-3's orbit is reduced to 174 km x 1437 km following a manuevre performed today. The next operation is scheduled for August 14, 2023, between 11:30 and 12:30 Hrs.

Tehreek-e-Insaf (PTI) Chairman Imran Khan from office through a no-confidence vote. PM Sharif started his farewell address by announcing that he was handing over the responsibility of running the nation to a caretaker government after the conclusion of his government's 16-month tenure, according to a report published by Dawn. PM Sharif's farewell address came ahead of Pakistan's Independence Day which is celebrated on August 14 every year.

Pakistan has suspended import of Russian oil after two consignments on the grounds of “quality of crude”. The Pakistan government has blamed the quality of Russian crude for its decision even as Russian oil continues to top Indian energy imports. Refineries in Pakistan have refused to process Russian oil, as less petrol was being produced from it with 20 per cent more furnace oil compared to the Arabian crude, ET has learnt.

Also Read: Google Doodle pays tribute to Bollywood icon Sridevi on 60th birth anniversary Guided by artist Ali Çetinkaya, Nüzhet Gökdoğan became skilled in French, German, and Turkish languages throughout her academic pursuit. A scholarship granted her the opportunity to enroll at Lyon University in France, where she achieved her undergraduate degree in mathematics with success. Subsequently, in 1933, she secured her master's degree in physics from the University of Paris.

By Dan Williams