Progressive Financial News

BAKU: As ministers take over at the climate talks in the Azerbaijani capital, all eyes are on Rio, where the leaders of the G20 are meeting. The first week of the UN climate summit closed with the scheduled assembly late on Saturday night that lasted a little over three hours, ending at around half hour past midnight. The divergences among countries on important issues, such as finance and the path forward on the outcomes of last year's global stock take, and the absence of trust became apparent as countries took the floor to air their views. On some issues such as loss and damage and adaptation, and mitigation work programme the absence of trust and compromise among countries was such that «Rule 16» was invoked. Rule 16 refers to a provision which is used when countries can't even agree to produce an outcome that puts on record the discussions and divergent views. As a result, countries will have to begin their discussions all over again when they meet in Bonn in the summer. The lack of trust most evident on the issue of how countries propose to address and implement the decisions on emission reduction and energy transition agreed to in Dubai and the lack of any real progress on making available climate finance to developing countries.

The user also made other points, claiming that the «brutal burning of passengers» of the Sabarmati Express train was turned into a political minefield by a vested-interest group, who saw it as a means to tarnish the image of «one leader», an apparent reference to Modi. The prime minister said, «Well said. It is good that this truth is coming out, and that too in a way common people can see it.»

COP29 in Baku, India expressed frustration with developed countries for not seriously discussing how to support climate action in developing nations, saying it is impossible to tackle climate change without financial and technological help. Delivering a statement in the closing plenary of the subsidiary bodies' meeting on the Mitigation Work Programme (MWP) on Saturday, India said developed countries, which have historically contributed the most to greenhouse gas emissions and have more resources and the ability to act on climate change, have repeatedly delayed climate action and continuously shifted goalposts. «We have seen no progress in matters critical for developing countries (during the last week). Our part of the world is facing some of the worst impacts of climate change with far lower capacity to recover from those impacts or to adapt to the changes to the climatic system for which we are not responsible,» said India's deputy lead negotiator Neelesh Sah. He said the MWP is meant to help, not punish, and must respect each country's right to set its own climate goals based on its unique needs and circumstances.

«All our FTAs, whether it is with the EU or UK, all are progressing as per the schedule,» the official said. In the coming weeks, a bilateral meeting is scheduled between the commerce secretary and the Director-General of the European Union to take stock of the negotiations for the proposed trade agreement with the European Union.

Xi Jinping told his U.S.

Swiggy listed on the bourses earlier this week, two of its delivery partners—Jigar Khan and Namrata Vora—joined cofounders Sriharsha Majety and Nandan Reddy in ringing the ceremonial bell at the National Stock Exchange (NSE). The symbolic gesture was aimed at celebrating the hard work of its delivery partners, the Bengaluru-based food delivery firm said in a statement. Other companies, too, are recognising the contribution of delivery partners and are rolling out a slew of initiatives to help them with upskilling and further education, and achieving an overall better quality of life, according to industry executives. Zomato, Zepto, Delhivery, bigbasket and Blue Dart Express are among those that are offering reimbursement for education-related expenses, soft skills training in communication and other basic competencies, financial literacy programmes and career progression initiatives. Zomato has collaborated with the Hospitality Training Institute of India, and 5,200 delivery partners across 10 cities have been trained in hospitality and service excellence. “This training equips them with essential skills in customer interaction, professionalism and service, enhancing the experience for both customers and delivery partners,” said Rakesh Ranjan, CEO of food delivery at Zomato. This year, Swiggy launched Swiggy Skills in collaboration with the Ministry of Skill Development and Entrepreneurship.

climate justice that's become an annual event. Activists waved flags, snapped their fingers, and hummed and mumbled chants in a silent protest, with many covering their mouths with the word «Silenced.» Demonstrators held up signs calling for more money to be pledged for climate finance, which involves cash for transitioning to clean energy and adapting to climate change.

Disha Patani’s father, Jagdish Singh Patani, has incurred a major financial loss. The former deputy SP has reportedly been defrauded of Rs 25 lakh by a group of five individuals who promised him a prestigious position in a government commission. According to police reports on Friday, the Patanis filed an FIR at Bareilly Kotwali police station that same evening. In his complaint, Patani alleged that he handed over Rs 5 lakh in cash and transferred an additional Rs 20 lakh to three different bank accounts based on the group’s assurances. However, after three months of no progress, he demanded his money back, only to face threats and hostile behavior from the accused. Patani stated that Shivendra Pratap Singh, someone he knew personally, introduced him to two others, Diwakar Garg and Acharya Jayaprakash. The suspects allegedly claimed to have strong political connections and promised to secure a high-ranking position for Patani, such as chairman or vice chairman in a government commission. To lend credibility to their scheme, they introduced an accomplice posing as an “officer on special duty” named Himanshu, further convincing Patani of their influence.

Workers at Canada’s national postal service are on strike after failing to reach a negotiated agreement with Canada Post

Subscribe to enjoy similar stories. Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.

C Rangarajan said on Friday. Speaking at the ICFAI Foundation for Higher Education (IFHE), Rangarajan stressed on the importance of «ensuring efficient fund utilisation before increasing healthcare spending.» «In India, there is a consistent discussion on raising healthcare expenditure to at least 2.8 per cent of the GDP. However, current data indicates that we are spending only about 1.8 or 1.9 per cent of the GDP,» he said. «Governments should increase healthcare spending, focus on establishing hospitals that offer free services, and ensure these funds are utilised efficiently.» The former chairman of the PM's Economic Advisory Council stated that education and health are crucial for accelerating the country's progress. «However, in India's social expenditure system, more resources are allocated to education than to health, which may not be the ideal approach.»

Subscribe to enjoy similar stories. Law firms are advising Indian companies operating in the US or engaging in deals with American firms to expect closer scrutiny under the Trump administration, suggesting additional clauses in legal contracts to protect their interests. The election of Donald Trump has sparked concerns in India and across the world that the President-elect's America First policies will raise the heat for other countries and their companies.

COP29 on Thursday stressed the need to improve transparency, access and affordability of finance to enable climate action across the world. Initiating the dialogue on the designated 'Finance and Trade Day' of the summit, UN climate chief Simon Stiell said for climate finance to deliver, it will need to be accessible, predictable and commensurate to the challenges faced in developing countries. Referring to the findings of the progress report on efforts to raise over $100 billion a year prepared by the COP's Standing Committee on Finance, Stiell said the overall trend shows an increase in the funds with more money being allocated for adaptation. However, there is a need to improve transparency, access and affordability, he said. «The new goal is not just about a target but about enabling action,» the UN climate chief stressed.

At Technovation, science takes centre stage, playing a crucial role in the evolving landscape of tobacco alternatives. Philip Morris International (PMI) recently hosted its ninth Technovation event ‘30 years of innovation, 10 years of progress at the Cube, its R&D centre in Neuchâtel, Switzerland. In this context, PMI’s Chief Communications Officer, Dr. Moira Gilchrist, shares her perspective on the critical role of science & technology in driving PMI's commitment to a smoke-free future.

Congress gave the 'Garibi Hatao' slogan, but looted the poor, adding that the party's mentality was to ensure that the poor did not progress. «If the poor are benefiting, you feel happy, but the Congress doesn't feel happy over this,» Modi said, addressing a rally at Panvel in Maharashtra for the November 20 state assembly elections. «The Congress is far ahead when it comes to vote bank politics, but is the enemy of the poor,» Modi said.

Subscribe to enjoy similar stories. The announcement came at a routine press briefing on September 5th. Mao Ning, a foreign-ministry spokesperson, said China was grateful for the “desire and love" of the foreign families who wanted to adopt Chinese children.

Low Visibility Procedures' are in progress at the airport. The advisory requested the passengers to contact their respective airlines for 'updated information' about their flights. «Low Visibility Procedures are in progress at Delhi Airport. All flight operations are presently normal. Passengers are requested to contact the airline concerned for updated flight information,» the advisory reads.

Diabetes is rapidly becoming a major health challenge worldwide, with the potential to lead to serious complications if not diagnosed and managed early. Like high blood pressure, diabetes often progresses quietly, showing few symptoms at first. This allows it to go unnoticed until significant damage has already been done, which is frequently irreversible. Diabetes develops when the body cannot produce enough insulin or use it effectively, leading to an excess of sugar in the blood. Over time, this can impact the heart, kidneys, lungs, and brain.

‘The CyberGuy’ Kurt Knutsson discusses striking dockworkers demands on 'The Bottom Line.'

net profit rose 3% year-on-year (YoY) to Rs 82 crore in Q2FY25 compared to Rs 79.6 crore in the corresponding period of the previous year. Revenue grew 12% YoY to Rs 258 crore in Q2FY25 driven by 40% growth in CDMO business and consolidation of acquired business.

National Company Law Appellate Tribunal (NCLAT) on Tuesday granted more time to Infrastructure Leasing and Financial Services (IL&FS) for completing the resolution process of 58 entities. «With regard to 58 entities, the resolution process is at an advanced stage and considerable progress has been made. Just for the time being, we are of the view that direction needs to be issued to IL&FS and its new board to complete the resolution process of 58 entities by 31 March 2025,» the tribunal said. Last month, the appellate tribunal sought IL&FS's response to the argument that immunity granted to IL&FS from legal proceedings can't continue interminably.