Progressive Financial News

equity market is expected to open lower Friday following weakness in global peers. The Asian markets traded lower amid a sell-off on Wall Street triggered after stronger than expected jobs data increased fears of more interest rate hike by the Federal Reserve. Trends on Gift Nifty also indicated a flat-to-lower start for the Indian indices.

₹2382, target ₹2442, stop loss ₹2348. LT share price is trading at ₹2382 levels. On a closing basis, the stock has respected the support levels and hasn't closed below its strong support levels of ₹2350.

Vande Bharat Express is an indigenously manufactured, semi-high-speed, self-propelled train set. The train has state-of-the-art passenger amenities, providing passengers with a faster, more comfortable, and more convenient travel experience. It was first known as Train 18 and was manufactured at the Integral Coach Factory(ICF) in Chennai.

G20 to suggest a reforms blueprint for multilateral development banks (MDBs) has recommended enhancing their sustainable level of own-account non-concessional finance to $300 billion annually by 2030 among several other measures to make them more impactful. The concessional finance target is pegged at $90 billion annually.

macroeconomic transformations happen over years and it takes time for the results to be visible… The RBI move in July 2022 to allow international trade in the rupee is not sudden. It is a   well-planned and a well-timed one. This move could be the beginning of a new journey for the rupee — to become an international currency and gain the status of a global (reserve) currency.

The Teamsters, the union representing the workers, has set multiple deadlines for UPS negotiators to present their «last, best, and final» offer to the unionized employees in recent days. Union officials have accused UPS of presenting an unacceptable offer, specifically related to the economic package. UPS, on the other hand, has countered that it was the Teamsters who abandoned negotiations despite offering a historic proposal that builds upon their industry-leading pay.

A troubled water utility company in the United Kingdom that counts two of Canada’s biggest public pensions as large shareholders is facing regulatory scrutiny and fines for sewage leaks and could require a financial bailout.

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Google will partner with internet intermediaries in India to tackle misinformation generated before the upcoming general elections next year, especially those created by generative artificial intelligence (AI) tools, the company’s vice-president for trust and safety, Laurie Richardson said. Speaking to select Indian media on Thursday, Richardson said that apart from watermarking the content generated by all of its products and sharing the metadata on text and images, there will be some transparency requirements around content that has been generated by such AI tools.

The price of Shiba Inu (SHIB) has dropped by 1.5% in the past hour, cutting away at gains the meme token had made as part of a market-wide rally this morning.

Board Advisory Committee (BAC) to guide and advise the beleaguered edtech major on the composition of its board and governance structure, CEO Byju Raveendran told shareholders on Tuesday. The BAC will serve as a working group consisting of independent directors with credible backgrounds and relevant experience from diverse corporate fields, as per a memo of the minutes of a shareholders’ meeting that ET has reviewed.

West Australian Minister for Mines Bill Johnston says resources companies need to improve their response to sexual assault and harassment in the mining industry.

National Security Advisor Ajit Doval on Thursday held wide-ranging talks with French President's diplomatic advisor Emmanuel Bonne with a focus on Prime Minister Narendra Modi visit to Paris next week. Modi will attend this year's Bastille Day Parade as the guest of honour in Paris on July 14. Bonne also called on Modi and briefed him on the progress in various areas of bilateral cooperation.

Paris Saint-Germain (PSG) and French national team player Kylian Mbappe's future remains uncertain as he enters the new football season. The 24-year-old marquee player has refused to extend his contract with PSG, which expires next year. While he has indicated his desire to stay for one final season, the club's president, Nasser al-Khelaifi, stated that Mbappe must sign a new contract this summer or leave the club. PSG is now faced with the dilemma of whether to sell Mbappe during this transfer window or risk losing him for nothing when his contract expires. The club had signed Mbappe from Monaco in 2017 for a staggering 180 million euros ($196 million), and he has since established himself as one of the world's most prominent players. Mbappe played a crucial role in helping PSG secure their 11th French title and scored a hat-trick in the 2022 World Cup final, in which France was defeated by Argentina.

In Q2 2023, The Open Network (TON) saw a 2.88 million total accounts and 173 million transactions, making it the 14th largest cryptocurrency by market capitalization. TON's technology, ecosystem, and economy improved significantly, comparable to the previous quarter.

New Delhi: Emmanuel Bonne, diplomatic adviser to French President Emmanuel Macron, called on Prime Minister Narendra Modi in New Delhi on Thursday, with the latter highlighting the close cooperation between the two countries in various areas. According to the prime minister’s office, Bonne briefed Modi on the progress in various areas of bilateral cooperation in the context of PM’s forthcoming visit to France.

Global temperature maps have become dark red as rising temperatures capped the world’s warmest day since record-keeping began in 1979, while last month was the hottest June, according to new data from U.S. and European scientists.

women entrepreneurs and in one such pitching, the investor asked us what about the kids? In a humorous way, we answered that we do not believe in child labor." The mom-at-work sighed with the rigid thoughts of a male-dominating society after confronting the patriarchal mindset of investors. She said, ‘such a question may never be posed to male entrepreneurs’.  “These are some of the instances of the biasedness that we see in the ecosystem.

Sex Education,' is set to conclude with its upcoming fourth season. The highly anticipated final installment of the show is scheduled to stream on the popular OTT platform starting on September 21. Lead writer, series creator, and executive producer Laurie Nunn expressed her gratitude towards the dedicated team behind the production in a heartfelt letter addressed to the show's devoted fanbase.

The audit watchdog says it remains "disappointed" by a lack of improvement shown by some of the UK's biggest auditors.

Almost all Federal Reserve officials at their June meeting indicated further policy tightening is likely, if at a slower pace than the rapid-fire rate increases that had characterized monetary policy since early 2022, according to minutes released Wednesday. Policymakers decided against a rate increase amid concerns over economic growth, even though most members think further hikes are on the way. Citing the lagged impact of policy and other concerns, they saw room to skip the June meeting after enacting 10 straight rate increases. Officials felt that «leaving the target range unchanged at this meeting would allow them more time to assess the economy's progress toward the Committee's goals of maximum employment and price stability.» Federal Open Market Committee members voiced hesitance over a multitude of factors. They said that a brief pause would give the committee time to assess the impacts of the hikes, which have totaled 5 percentage points, the most aggressive moves since the early 1980s. «The economy was facing headwinds from tighter credit conditions, including higher interest rates, for households and businesses, which would likely weigh on economic activity, hiring, and inflation, although the extent of these effect remained uncertain,» the minutes stated. The unanimous decision not to hike came in «consideration of the significant cumulative tightening in the stance of monetary policy and the lags with which policy affects economic activity and inflation.»