Progressive Financial News

New Delhi: In a significant move towards green energy growth and transition, India is set to achieve 50 percent non-fossil installed capacity by 2030, Prime Minister Narendra Modi said on Saturday. Virtually addressing the G20 energy ministers via meeting, PM Modi highlighted the importance of energy in shaping the future, sustainability, growth, and development of both individuals and nations. He expressed that despite different realities and pathways for energy transition, the ultimate goal of every country remains the same.

Those who know him in Spain say that Alberto Núñez Feijóo doesn't enter a political battle unless he has almost every chance of winning

Joe Biden, Arati Prabhakar on Friday said that the United States and like-minded countries including India need to work together for shaping the course of artificial intelligence.  This came after the US administration roped in several IT giants like Google and Microsoft to ensure that it is not misused and is being used for the public good.  Speaking to PTI, Indian-American Prabhakar said, “The work that we are doing includes working with companies to hold them accountable and there's some important progress on that today." "We're also working on executive actions that we can take within existing law, and the President is considering an executive order that we think can really boost our ability to deal with AI's harms and also start using it for good," she said.  She further stated, “That's what we can do from the executive branch. We'll also continue to work with Congress on bipartisan legislation as they start putting legislation forward.

Shubhankar Sharma was playing the Open, he needed a desperate scramble under spitting rain to secure his place in the weekend draw. With only six holes left to play at Carnoustie in 2018, he was well outside the cut line at five-over. But in his typically resilient manner, Shubhankar clawed his way back with three magical birdies to extend his stay.

Bolivia’s president says the Andean country's total lithium resources have increased 2 million tons to a total of 23 million tons

Sri Lanka and India have signed a slew of energy, development and trade agreements, signaling the growing economic ties between the two neighboring countries

Those who know him in Spain say that Alberto Núñez Feijóo doesn't enter a political battle unless he has almost every chance of winning

New Delhi: The Railways will armour 3,000 km of its network covering the Delhi-Mumbai and Delhi-Howrah routes with the protection system Kavach system, the government said on Friday. In a written reply to a question in Rajya Sabha, Minister of Railways, Communications and Electronic & Information Technology, Ashwini Vaishnaw said, “Kavach tenders have been awarded for Delhi – Mumbai & Delhi – Howrah corridors (approximately 3000 Route km) and work is in progress on these routes. Indian Railways is preparing Detailed Project Report (DPR) and detailed estimate for another 6000 RKM." He added that Kavach has so far been deployed on 1465 Route km and 121 locomotives (including Electric Multiple Unit rakes) on South Central Railway.

NEW DELHI : A newly formed India-Australia joint working group is looking at the possibility of a mutual recognition agreement (MRA) that would help Indian whiskey makers tap into the Australian market, which has a significant Indian population and growth opportunity, two people aware of the development said. India and Australia are working together on a solution for the smoother entry of Indian whiskey to the Australian market, two people aware of the development said. A newly formed India-Australia joint working group is considering the possibility of a mutual recognition agreement (MRA) in this respect.

MUMBAI : Despite rising raw material prices and energy costs, Aditya Birla Group-owned UltraTech Cement Ltd, on Friday, reported a 6.6% jump in consolidated net profit to ₹1,688.45 crore for the first quarter of FY24 as compared to ₹1,584.08 crore a year ago. The profit beats Bloomberg analysts’ estimate at ₹1,615.3 crore for the country’s largest cement-maker. During April-June, the company’s revenue from operations increased by 17% y-o-y to ₹17,737 crore against ₹15,163.98 crore in Q1 FY23.

By Foo Yun Chee

Canadian consumers may be ready to wind down their spending, with retail sales data showing waning momentum at the end of the second quarter.

ALSO READ: Jasprit Bumrah drops hints of comeback on Instagram ahead of ICC World Cup 2023 On the recovery of pacers, BCCI's secretary Jay Shah said, "The two fast bowlers are in the final stages of their rehab and are bowling with full intensity in the nets. The duo will now play some practice games, which the NCA will organize.

SJVN Ltd has inked an initial pact with REC Ltd for securing finance of Rs 50,000 crore for projects of its subsidiaries and joint ventures. REC will provide financial assistance to set up new power generating stations based on conventional and renewable sources of energy, according to a statement on Friday.

Promoting compliance and ensuring accurate reporting have long been the key challenges in implementing tax laws. However, leveraging technology, the Income Tax Department has taken a significant stride towards addressing these issues through the introduction of the Annual Information Statement (AIS), a powerful tax transparency tool.

Primetime Emmy Awards. The "I Left My Heart In San Francisco" hitmaker had also earned extreme admiration and respect from Frank Sinatra to Lady Gaga.  Publicist Sylvia Weiner confirmed Bennett's death to The Associated Press, saying he died in his hometown of New York.

Ranil Wickremesinghe on Friday said that he believes that India's growth will be beneficial to the neighbourhood and the Indian Ocean region (IOR). Wickremesinghe today held delegation-level bilateral talks with Prime Minister Narendra Modi following which India and Sri Lanka adopted a vision statement to significantly expand their economic partnership.

Delhi University's commerce department has recently unveiled a new Master of Business Administration (MBA) program, specifically targeting Business Analytics with an emphasis on artificial intelligence (AI) and machine learning. As per a ToI report, the launch has sparked immense interest, garnering over 600 applications for the limited 60 seats available. Yogesh Singh, the Vice-Chancellor of Delhi University, told ToI: «For our nation to progress and become developed, our per capita income needs to increase six fold from its current state.

Taiwan is investigating a possible leak of official documents including diplomatic cables and classified reports on the island's sensitive bid to join a global trade pact, according to two officials familiar with the probe. One official said initial findings showed some parts of the documents, posted on online message board 8kun and reviewed by Reuters, are real while bits were forged, without giving details. A second official said parts of the documents appeared to be «authentic» and they could not immediately determine the origin of the documents shared on the internet.

Investing.com — European stock markets traded in a mixed fashion Friday, as investors digested more corporate earnings as well as stronger than expected U.K. retail sales.

JSW Steel Ltd on Friday reported an 179% year-on-year rise in its consolidated net profit (attributable to owners of the company) for the fiscal's first quarter ended June (Q1FY24) to ₹2,338 crore. The company had reported a profit of ₹838 crore in the year-ago period. Sequentially, consolidated net profit was down 36% from ₹3,664 crore in Q4FY23.