Progressive Financial News

L&T Finance Holdings Ltd. reported a significant increase in its Profit After Tax (PAT) for Q1FY24, reaching Rs.

Indian officials, including at Wednesday’s Group of Twenty ministerial talks on clean energy, want the country to expand its critical mineral mining operations and make its own clean energy infrastructure from start to finish

Urban development has been playing a pivotal role in shaping the future of communities and property values in the evolving real estate market. As cities expand and population grows, embracing innovative and sustainable approaches to create vibrant, livable spaces has become crucial. One region that has witnessed remarkable transformation is Noida, one of the fastest developing regions in Delhi-NCR over the years. Its strategic location, quick access to the national capital, robust infrastructure, and connectivity have fueled its growth and attracted significant investment.

By Chirag Nihalani

Parkinson‘s may progress quietly but insidiously for many years before the neurodegenerative disease is diagnosed, according to a study conducted in mice. The research, published recently in the journal Nature Communications, sheds new light on the surprising resilience of the brain during the asymptomatic period of Parkinson’s.

₹20 and snacks at ₹50. Water services will also be provided at affordable rates, the Indian Railways said in a statement.

ICICI Securities, citing ONDC CEO Thampy Koshy and Senior VP Rahul Handa. Half of the transactions are projected to come from retail and the other half from mobility. ONDC hopes to achieve that scale from the 75,000 to 80,000 transactions it currently hosts per day, Koshy and Handa told ICICI Securities.

forest department of Bengal has embarked on a significant endeavor to enhance the green cover of the region. A mass afforestation drive was recently organized, with the objective of planting white and red sandalwood trees along Red Road, one of the prominent thoroughfares in the state. The main goal of the initiative is to successfully repopulate these specific trees in other states such as Karnataka, Andhra Pradesh, and Tamil Nadu.

Alliance, in short (I.N.D.I.A.) Though some leaders showed initial resistance citing similarities with the name NDA (an alliance spearheaded by the BJP), they later agreed on it calling it as ‘an unanimous decision’.  Congress chief Mallikarjun Kharge said, "Earlier, we were UPA and now all the 26 parties have given a name to the opposition and that is – Indian National Developmental Inclusive Alliance (INDIA). Everybody has agreed upon this, and the resolution for the name was passed unanimously." However, previously Congress had  formed the government at the Centre twice under the umbrella of UPA, so why there was a need of name change? United Progressive Alliance (UPA) was spearheaded by the Congress in 2009 and 2014 but today, many oppositions are of the view that the grand old party cannot take on BJP alone in the upcoming Lok Sabha elections 2024.

Russia-Ukraine war and central bankers’ tightening spree to get the upper hand in their battle against inflation. As a result of the double whammy impact of geopolitical tension and higher borrowing cost, the USD being a global cycle currency traded at the highest level in 21 years. At the same time, the Indian rupee was seen steadily depreciating from 74.50 to 83.25, a fall of more than 11%.

emerging markets. Foreign portfolio investors (FPIs) net bought ₹32,468 crore worth of Indian shares during the current month till 18 July, and for 2023 so far, the purchases stand at ₹125,817 crore.

Finland is looking to attract 15,000 international students a year by 2030 and increase the level of work-based migration to 30,000 per year. «The Finnish society is ageing; therefore, the country needs more young people to join the labour market,» Glenn Gassen, Director of Immigration Affairs, Helsinki, told TOI in an interview. «We see India as one of our focus countries and want to intensify our partnership,» he added. «India has a growing young population, and a lot of untapped talent and Finland has had excellent experiences with Indian students, researchers, entrepreneurs, and professionals. There is an active Indian business community across Finland, and we have seen that Indian newcomers integrate quickly and emerge very successful.» «There are open positions across many sectors, for example, the healthcare and elderly care is on a lookout for workers. Similarly, several manufacturing industries is hoping to get international skilled labour,» Gassen said. Finland attracts top talent from around the world to its knowledge-intensive industries- mostly from the US and the UK.

Commonwealth games may make a comeback in India after 16 years as Gujarat government is considering the prospects to make a bid to host the next Commonwealth Games. This comes as Australia withdrew its offer to host the 2026 Commonwealth Games, yesterday due to rising costs. As per a ToI report, the original plan was to prepare Ahmedabad for the 2030 Commonwealth Games with a goal of completing all infrastructure projects by 2028.

China used for years as it turned into the biggest EV market on Earth. Beijing’s success is breathtaking. EVs accounted for a quarter of all passenger cars sold in China last year, far ahead of the roughly one in seven in the US and one in eight in Europe.

Reuters, following the victory of Move Forward Party over royalist military-backed parties in the election, Thailand has been under a caretaker administration for the past few months, marking a significant shift after nine years of military-controlled government. Pita Limjaroenrat, a 42-year-old liberal leader of the Move Forward Party, who has received education in the United States, requires the support of over 50% of the bicameral parliament to be officially endorsed as Thailand's next prime minister, Reuters noted. However, he faces strong opposition from the military, which is at odds with his party's anti-establishment aspirations.

Woodside Energy posted a 29 per cent dive in quarterly sales after a drop in oil and LNG prices and a dip in production in its weakest quarter since merging with BHP Petroleum in June last year.

European Union and Latin American leaders have concluded a summit that was supposed to be a love-in after eight years of separation, but instead ended with aggravation over the failure to unanimously support even a bland statement on Russia’s invasion ...

Patrick Collison, the now 34-year-old billionaire CEO of the online payments company Stripe, and economist Tyler Cowen worried scientific progress seemed to be slowing down

IMF) Tuesday cautioned that inflation could remain higher for longer, requiring even more monetary policy tightening, as it pitched for strengthening global safety nets to protect the vulnerable sections of the population. IMF chief Kristalina Georgieva, in her observations at the G20 finance ministers and central bank governors meeting, called upon the membership to restore the primacy of multilateral lender's quota resources by successfully completing the 16th quota review by the end of this year.

Headline inflation slowed to 2.8 per cent in June, beating analyst estimates of a year-over-year increase of three per cent, but some economists warn it could again rise above three per cent in the months to come.

poverty line and still lack other basics — or make some progress on the latter, yet stay below the poverty line. The UN sustainable development goals aim to halve the share of people living in poverty “in all its dimensions" by 2030. Indicators of health, education and living standards are measured by the multidimensional poverty index (MPI).