Progressive Financial News

JSW Energy declared its Q1 results today. The company is a subsidiary of JSW Group, a diversified conglomerate. JSW Energy is one of the largest private sector power producers in India, with a power generation capacity of over 10,000 megawatts.

Ahmedabad (Gujarat) [India], July 14: Shivalik Group, a prominent real estate developer based in Ahmedabad, has partnered with Stanley Furniture, the premier fully integrated luxury furniture manufacturer in India, to introduce exquisite furniture stores in Gujarat. Shivalik Group's first Stanley Furniture store, spanning an impressive 7,500 sq ft, was inaugurated on Sindhu Bhavan Road in Ahmedabad on Friday, July 7. The store showcases an extensive collection of top-tier sofas, wardrobes, beds, mattresses, cabinets, and more, offering buyers a comprehensive range of high-end home furniture and complete home solutions.

New Delhi: India is expected to boost its installed power capacity to more than 777 gigawatts (GW) by 2030 with peak demand projected to reach 335 GW, power and renewable energy minister R.K. Singh said on Thursday. Singh made the remarks during a recent review meeting of the Inter-State Transmission System’s development in Jaipur, a system crucial for distributing electricity from regions with surplus power to those facing shortages.

Biden's administration will cancel $39 billion in student debt for more than 804,000 borrowers, the Education Department said on Friday, describing the relief as the result of a «fix» to income-driven repayment (IDR) plans. Borrowers will be eligible for forgiveness if they have made either 20 or 25 years of monthly IDR payments, the department said.

Maharashtra has accorded the final approval to the much-awaited redevelopment of Asia's biggest slum, Dharavi, spread over 600 acres of prime land in the heart of the country's commercial capital, Mumbai. In November 2022, Adani Properties, the real estate development company owned by Gautam Adani-led Adani Group, had emerged as the highest bidder to bag the rights to redevelop the slum.

CNBC reported on 14 July. As per details, the relief is a result of fixes to the student loan system’s income-driven repayment plans.

Chandrayaan-3 mission at his residence here, former Chairman of ISRO G Madhavan Nair on Friday congratulated the entire team of scientists at ISRO and hoped that the mission would be a success. «I'm sure the first portion of the journey has started off very well. My compliments to the entire ISRO team,» Nair told PTI soon after Chandrayaan 3 began its journey to the Moon in its precise orbit. Analysing the visuals being telecast live, he said that the takeoff was very smooth, and that continued to the second stage. «Right now I have seen the cryogenic stage getting ignited. This is again the most critical event of the mission,» the former ISRO chief said. He said that from the data available so far, the mission is on the dot, and he hoped that the mission would be a success. The Chandrayaan-3 soft landing is planned for 5.47 pm on August 23, ISRO Chairman S Somanath said after the successful launch of the mission on Friday. Madhavan Nair said a successful Chandrayan-3 would be a boost to India's plans to send humans into space.

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at AT&T, Progressive, Alcoa, and SoFi Technologies.

Federal Reserve Governor Christopher Waller said he expects the US central bank will need to raise interest rates twice more this year to bring inflation down to its target, though more good data on prices could obviate the need for the second hike.

The fall in profit was steeper than expected as most analysts saw the decline to be around 14%. For instance, Axis Securities expected the net profit figure to be around Rs 758 crore.

₹721.05 crore. While NII stood at ₹2,490.8 crore in the quarter under review. Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: “This quarter’s performance indicates that the bank is on a stable growth path.

Google Play Games has today annouced the launch of Google Play Games beta on PC in India. Users can access this in both English and Hindi. The company stated that players participating in the beta can play mobile games across their phones, tablets, Chromebooks, and PCs.

In order to take care of the growing financial needs of a family at different life stages, young individuals should opt for an increasing term insurance policy where the sum assured increases annually. The increase can be either a fixed amount or a percentage of the original sum assured at policy inception depending on the terms and conditions of the life insurance company.

₹6,000 crore is under consideration to promote coal and lignite gasification projects for both government Public Sector Undertakings (PSUs) and the private sector, as per a recent ministry announcement.  Mint first wrote about the government’s plan for a ₹6,000 crore viability gap funding for coal gasification. The ministry believes that adopting gasification technology will transform India's coal sector and decrease its dependence on imported natural gas, methanol, ammonia and other key products.

startup in October 81 when I joined HDFC. Little bit of housing loans here and there, 12.5% fixed rate interest if you take a loan up to 10,000, 10,000 to 20,000 was I think 12.5%, then 13% if it was more than a certain amount and then that went on for about eight or nine years and then we started seeing the reopening of the Indian economy," says Keki Mistry, Non-Exec Director, HDFC Bank.How does it feel, four decades being part of one organisation?Yes, long time. When I joined in 1981, I did not imagine in my wildest dream that I would be working for such a long time, forget again working in HDFC but working anywhere 40 years, honestly.

India's opening batsman Yashasvi Jaiswal made headlines on Day 2 of the first Test against the West Indies, but he wasn't the only Indian player etching his name in the record books. The Indian team ended Day 2 at a strong position of 312/2 in 113 overs. Jaiswal, in his debut international match for Team India, showcased remarkable resilience by remaining unbeaten on 143 throughout the day.

₹853.74 crore for the first quarter of FY24, registering a strong growth of 42.2 per cent from ₹600.66 crore in the corresponding period last year. Its net interest income (NII) in Q1FY24 rose 19.6 per cent to ₹1,918 crore from ₹1,604.5 crore year-on-year (YoY). Net interest margin (NIM) contracted marginally by 7 basis points to 3.15 per cent from 3.22 per cent in the June quarter last year.

earning a meagre score of 20, indicating that little progress has been made in this area over the past year. Other scores include 50 for healthcare, 38.7 for culture and environment, 75 for education and 51.8 for infrastructure. Karachi's history on the EIU's index has not been promising either.

The unique launch of 'Prism: The Ancestral Abode of Rainbow', a collection of science articles, was held at the SDSC-SHAR on Thursday evening, as preparations were going on full swing there for the country's much-awaited Moon mission Chandrayaan-3. ISRO Chairman S Somanath released the book by handing it over to Vikram Sarabhai Space Centre (VSSC) Director S Unnikrishnan Nair while the countdown for the historic launch was progressing at the space centre.

Janet Yellen is traveling to India and Vietnam next week, seeking to strengthen ties with two increasingly important US partners and shore up economic resilience through diversified supply chains. Yellen will first head to Gandhinagar, India, for a meeting of Group of 20 finance and central bank heads, where she will push for reforming global lending institutions to boost the size and scope of their firepower and for advancing talks on easing the debt burden for poorer nations, a senior Treasury official said.

The owner of one of NSW’s biggest coal power stations has delayed its potential closure date by four years to 2033, as expectations mount that Origin Energy’s huge Eraring plant will have to run for longer as the snail’s pace of the transition to low-carbon energy takes its toll.