Progressive Financial News
21.07 / 08:35
COST
UPS
Target
Progressive
JPMorgan
UBS
Japan's govt sees inflation sharply exceeding BOJ target
(This July 20 story has been corrected to change the attribution to senior Japan economist at UBS Securities, not economist at JPMorgan Chase (NYSE:JPM) in paragraph 5)
21.07 / 05:37
Progressive
awards
cover
Mumbai
L&T Construction bags order worth over ₹7,000 crore for Mumbai-Ahmedabad high-speed rail project. Detail here
₹7,000 crore for the Mumbai Ahmedabad high-speed rail project. With this Package, the company will execute 92 percent of the main line between Shilphata and Ahmedabad. The project has been bagged for the construct the 135.45 km stretch MAHSR – C3 package which includes the construction of viaducts, stations, major river bridges, depots, tunnels, earth structures, stations, and other auxiliary works, L&T construction said in a BSE filing. Meanwhile, NHSRCL has already awarded contracts for the construction of Mumbai (BKC) station and 21 km of tunnels including a 7 km undersea tunnel works in Maharashtra.
21.07 / 03:17
Progressive
Mercury
composer
show
country
classical
Beethoven's skull fragments returned to Vienna
Beethoven, have returned to Vienna, where the legendary 19th century German composer was buried, experts said Thursday. US businessman Paul Kaufmann donated the fragments, which he inherited, to the Medical University of Vienna where researchers will probe the illnesses suffered by the impresario and his cause of death. «This is where the bones belong, back in Vienna,» Kaufmann told reporters.
21.07 / 03:07
21.07 / 03:07
COST
FIVE
Progressive
track
social
concert
National
Australia launches 'national wellbeing' dashboard to measure prosperity beyond GDP
By Wayne Cole and Alasdair Pal
21.07 / 02:13
UPS
Progressive
Deloitte
Deal
Deloitte to recruit KPMG Partners as Deal Street heats up: Report
The Economic Times, Rohit Berry, the former national head of deal advisory at KPMG, and Vivek Gupta, who was responsible for leading KPMG's M&A/private equity tax and family office practices, are also joining Deloitte as part of this recruitment effort. According to sources reported by ET, negotiations are currently in progress, and KPMG is making efforts to retain the departing talent despite the significant recruitment moves made by Deloitte.
20.07 / 23:51
Reuters
Digital
Progressive
country
China's digital yuan hits $250 billion milestone
Yi Gang, the governor of the People’s Bank of China, revealed the milestone at a conference hosted by the Moneyary Authority of Singapore.As reported by Reuters, Yi Gang said the digital yuan has recorded over 950 million transactions, from 120 million wallets.Yi Gang told the conference: “You can see that right now, the balance of e-CNY is only counting two-tenths of 1% of M0, so that the balance is very small, but with this kind of balance (we) support a big number of transactions, which means that the velocity is high and more efficient.”The Chinese Government has made steady progress in seeding the digital currency across the country, with all banks and digital wallets from Alipay and WeChat onboard.
20.07 / 21:19
UPS
Digital
Progressive
Manufacturing
show
country
Rural auto demand set for festive revival
rural markets — which had remained weak in the past three years due to the economic impact of the pandemic — are revving up and expected to spur demand for passenger cars, motorcycles and tractors as the country heads into the festive season later this quarter. Moderating rural inflation, higher non-agricultural income and an increase in minimum support price for all kharif crops are expected to put more money in the hands of consumers in rural markets, boosting demand and bridging the divergent recovery seen in the country since the easing of Covid, said several senior industry executives.
20.07 / 18:39
Progressive
cover
G20 member nations agree to India's proposal to double rate of improvement in energy efficiency by 2030
Mint had reported in January that India planned to prepare a collaborative road map to double the global rate of improvement in energy efficiency by 2030. “Talks will take place on accelerating efforts to enhance energy efficiency across sectors, and more in the high energy consuming sectors, among others," Mint had reported.
20.07 / 18:39
UPS
Progressive
ICE
performer
country
HUL posts 8% rise in Q1 net profit; volumes still muted
Hindustan Unilever Ltd (HUL), the largest household goods maker in India, reported an 8% increase in profit in the June quarter as it intensified advertising and marketing expenses to tackle rising competition. However, the results slightly missed street expectations. Net profit climbed to Rs2,472 crore for the three months ended 30 June from Rs2,289 crore a year ago, the company said in a statement to the stock exchanges on Thursday.
20.07 / 17:33
20.07 / 16:53
UPS
Progressive
Manufacturing
electronic
Vedanta yet to submit application for chip unit, find partner
Vedanta Group's application for semiconductor manufacturing has become invalid after exit of Taiwanese electronics manufacturing major Foxconn and the company is yet to submit a fresh application, an official source said. According to the source, Vedanta has not shared any information about a new technology partner that it needs to rope in for semiconductor manufacturing.
20.07 / 16:53
UPS
Target
Digital
Progressive
Strategy
social
inclusion
services
Financial
Financial services secretary asks banks to achieve financial inclusion targets at earliest
SVANidhi) scheme. He further urged banks to devise the strategy and step up efforts to increase the digital onboarding of street vendors and scale up their digital payments, the finance ministry said in a statement on Thursday. PM SVANidhi scheme envisages empowerment of street vendors through hassle free access to affordable credit and their digital onboarding for their economic development.
20.07 / 15:21
Progressive
donates
Chimpzee, The Thrilling Web3 Charity Project, Introduces New NFTs and Donates $20,000 as Presale Approaches $900,000
As 2023’s top charity-focused crypto project presale Chimpzee hurtles towards $900,000 in funds raised, the project continues to make great progress on delivering on its roadmap commitment.
20.07 / 15:01
UPS
Target
Digital
Progressive
Gap
social
inclusion
Financial
Finmin asks PSBs to meet financial inclusion targets at the earliest
The finance ministry has asked public sector banks to achieve the targets allocated to them under the various schemes for financial inclusion for the current financial year at the earliest. The call came on Thursday during a review meeting chaired by Department of Financial Services (DFS) secretary Vivek Joshi with heads of public sector banks (PSBs).
20.07 / 14:15
20.07 / 14:01
UPS
Provident
FIVE
Progressive
AGRO
reports
rights
Seacoast Shipping reports impressive 65% Q1 PAT growth, launches rights issue
Ahmedabad, July 20: Ahmedabad-headquartered Seacoast Shipping Services Limited, a leading single-window logistics services provider, reported excellent numbers for the first quarter of financial year 2023-24 with its Profit After Tax (PAT) surging by 65% on a year-on-year basis and by 80% on a quarter-on-quarter basis. The company has also announced a rights issue, which is set to open on Friday, July 21. The company’s PAT for the latest April-June quarter was Rs.
20.07 / 13:15
UPS
Progressive
Gap
Top government official bats for decentralised renewable energy
Sustainable Development Goal 7, or SDG7, with the International Energy Agency predicting that nearly 660 million people will not have access to electricity by 2030, a top government official said on Thursday, batting for decentralised renewable energy (DRE). Speaking on the sidelines of a G20 Energy Transitions Working Group meeting, R P Gupta, chairman and managing director of Solar Energy Corporation of India Limited, called DRE a potent solution to energy requirements. DRE sources include rooftop solar panels and similar production facilities located closer to the site of energy consumption.
20.07 / 12:29
Blockchain
Ethereum
Microsoft
Progressive
Bitcoin
performer
stage
Bitcoin Holds Steady, Solana Gains Momentum, InQubeta Positions Itself as a Leading AI Crypto
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
20.07 / 11:25
UPS
Provident
Progressive
Battlefield
show
track
The Pivotal Mission in Ukraine’s Counteroffensive: Hunting for Mines
The Ukrainian soldiers set off in pitch black, stealing through shell-cratered fields to carry out one of the most important tasks of the counteroffensive—and one of the most dangerous. Armed with a metal detector, a shovel and a grappling hook, the combat engineers—known as sappers—hunt for mines along the front line with Russian forces, while trying to remain undetected by the enemy nearby.
20.07 / 11:25
UPS
Provident
Booking
Progressive
audience
US Supreme Court Has Worked on Code of Conduct but Gotten Nowhere
An internal plan for the US Supreme Court’s first-ever code of conduct has been stalled for years, people familiar with the matter said, and justices are deeply divided despite increased scrutiny surrounding their ethical behavior. The standstill persists despite drops in the court’s public approval and pressure from lawmakers for the high court to adopt the practice of other courts that hold their members to binding ethical rules beyond the minimum required by anticorruption and transparency laws.
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