Progressive Financial News

Investing.com — Rivian lifted its annual production guidance Tuesday after reporting a narrower than expected loss in the second quarter as the electric vehicle ramped up production.

Bank of India has circulated a list of bad loans with a total outstanding of Rs 15,000 crore to be considered for sale during the current financial year to asset reconstruction companies and other entities. The lender looks to enhance profitability from its legacy non-performing asset (NPA) accounts. The debt on sale has increased multifold compared with the previous year when the lender had showcased Rs 3,000 crore, a bank source said.

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vegetable inflation by increasing the portion of pulses in their plate and the rise in international prices of pulses as exporting countries try to cash in on the fall in India’s pulses sowing has led to an increase of 2-3% in wholesale prices of pulses within a week. The demand for the relatively cheaper pulses like masoor and moong has increased as vegetable inflation continues to stay firm with tomato prices remaining 233% more expensive in July over June. Exporting countries like Canada, Myanmar, Mozambique and others, which are closely monitoring the progress of kharif sowing in India, have increased the prices of pulses as the sowing of kharif pulses is lagging by over 9%. Among all the pulses, the highest increase in prices was seen in urad, whose prices increased by Rs 3/kg or nearly 3% last week in Jalgaon, one of the main processing centres for urad in the country. Prices of tur dal have increased by Rs 200-400/quintal last week for various qualities. In the Akola (Maharashtra) market and in Gulbarga (Karnataka), the price of tur dal shot up from Rs 136/kg to Rs 140/kg last week, while the price of tur imported from Mozambique increased by a substantial Rs 5.5/kg in a week in Mumbai. According to trade data, all India urad sowing is down by close to 14%, while sowing of tur is down by about 8%.

As the tournament progresses, top teams like the USA, Canada, and Germany remain strong contenders, setting the stage for exciting quarter-final matches later this week.

Lupin Digital Health, the subsidiary of drug maker Lupin that specialises in cardiac digital therapeutics on Tuesday announced the launch of Lyfe Digital Heart Failure Clinic in India. The e-clinic aims to help cardiologists and caregivers manage heart failure patients effectively from the comfort of their homes.

leadership of P K Mishra, principal secretary to the prime minister. The meeting delved into various facets of the forthcoming G20 Summit, encompassing both substantive and logistical aspects. The 18th Heads of State and Government Summit of the G20 will take place in September 2023 in the national capital.

Lionel Messi's exceptional skill has become a regular part of our summer schedules, all thanks to the Argentine maestro's choice to bring his unrivaled talent to North America. At 36 years old, he continues to captivate audiences in the United States. His recent extraordinary performance played a pivotal role in transforming a struggling Inter Miami team into quarter-finalists of the Leagues Cup. Lionel Messi secured two goals during the intense 4-4 draw against FC Dallas, and he further solidified his impact by successfully converting his penalty kick during the shootout. Supported by a few former teammates, Messi's brilliance ensured the Herons' progression in the tournament, igniting hopes of championship glory among fans before the return of MLS action later this month. Below, you'll find details on the upcoming opportunities to witness Messi and Inter Miami in action.

Exide Industries Ltd on Tuesday said it expects to regain its pre-covid EBITDA margin of 13-14 per cent in the next one to two years. The company's current EBITDA margin is 10.6 per cent, as input costs have remained erratic. «We are seeing a revamp in demand after Covid and expecting both automotive and industrial verticals will do well.

Novo Nordisk A/S, a leading Danish pharmaceutical company, has achieved a groundbreaking milestone with its obesity medication Wegovy. A highly anticipated study has revealed that Wegovy not only effectively addresses weight concerns but also significantly reduces the risk of heart attacks and strokes among individuals with a history of heart issues.

parents of girls and 82% of parents of boys wanted to educate their children to graduation and above, a pan-India survey by Development Intelligence Unit (DIU) highlighting the progress in gender-neutral education among rural communities, has revealed. According to the report by DIU, a collaboration between Transform Rural India and Sambodhi Research and Communications, parents from rural communities firmly believe that a child's gender, whether a boy or a girl, should not hinder their educational aspirations. The study was focused on 6 to 16-year-old children in rural communities across 20 states in India.

One of the world’s most valuable industrial metals, silver, could lose more of its luster as the economy it heavily relies on slows by the day.

New Delhi: With an aim to deepen bilateral trade and economic ties, India and Vietnam on Tuesday convened the 5th meeting of the India-Vietnam Joint Trade Sub-Commission (JTSC) , the ministry of commerce & industry said. This meeting was held after a gap of more than four years on account of the covid-19 pandemic and other factors.

Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its current rate-hiking cycle.

State of Elementary Education in Rural India - 2023,' was officially unveiled during the India Rural Colloquy - A Rural Renaissance in Delhi on August 8, 2023. The survey, a collaboration between Transform Rural India and Sambodhi Research and Communications highlights the progress towards gender-neutral education in rural India.

Bryan Randall, the enduring companion of Academy Award-winning actress Sandra Bullock, has passed away at the age of 57, following a three-year struggle with amyotrophic lateral sclerosis (ALS), often referred to as Lou Gehrig’s Disease. The poignant announcement came from his family, conveying both grief and gratitude for the journey they shared. In an emotional statement, Randall's family revealed his three-year-long private battle with ALS, which concluded on August 5. «Bryan chose early to keep his journey with ALS private,» the family shared. They went on to express profound gratitude to the dedicated medical professionals who stood by them during this arduous journey, as well as the remarkable nurses who devotedly cared for him.

Independent analyst Anand Tandon, says eventually the cost of client acquisition has to be brought down to a level where it begins to make sense and you start making operating profit. Zomato is showing some signs of progressing in that direction. The challenge there is quite high because the cost of logistics cannot be brought down beyond a point and the challenge will remain that there is already some amount of pushback from the restaurants and the food suppliers to the margins that they are having to shell out to these companies.”There seems to be a big change of heart from the investors and also from the promoters/founders about what are the essentials to survive in the auction market and that is getting rewarded. Zomato stock price has gone up post numbers or Policybazaar has gone up of late. But now markets are convinced that these folks are here and they mean business. What is the way forward after the recent run up?You have to look at two things first.

New Delhi: In a move towards a greener and more sustainable future for the steel industry, the government on Tuesday announced the formation of 13 task forces comprising key stakeholders such as industry experts, academia, think tanks, scientific and technological bodies, as well as various ministries. These task forces have been tasked with the mission of deliberating on strategies and recommendations to facilitate the decarbonization of the steel sector.

New Delhi: Tata Cliq Palette, the beauty retail platform under Tata Unistore, on Tuesday announced the opening of its first beauty store in Nexus Seawood Mall in Navi Mumbai. The retailer also launched its beauty app that directly competes with the likes of Nykaa and Reliance Retail’s Tira. “Tata CLiQ Palette recognises that everyone’s beauty journey is different.

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Arvind Kejriwal criticized the stance of Union Home Minister Amit Shah, asserting that the granted power should be utilized for public service, not the deprivation of rights. As reported by TOI, Delhi CM Kejriwal accused Prime Minister Narendra Modi of ignoring the Supreme Court's directive and pointed to his electoral victories as evidence of public support for his work. He alleged that the BJP was obstructing developmental efforts to hinder his progress.