Progressive Financial News

₹1,200 crore-1,500 crore by the end of the current financial year for its third and largest private credit fund, the investment firm said in a statement on Friday. The third private credit fund, which was launched in March 2023 and has deployed ₹400 crore to date, will be used to support high-potential opportunities in the small and medium enterprises space through debt capital. Its previous two funds were ₹400 crore (launched in 2016) and ₹865 crore (in 2019) in size.

Gavin Newsom’s yacht may be coming in after President Biden foundered last week in his debate with Donald Trump. Some Democrats are calling to replace the incumbent, and betting markets put Mr. Newsom as the favorite alternative.

s Women@Work 2024: A Global Outlook report, only 10% of women in India believe their organisation is taking concrete steps to fulfil its commitment towards gender diversity. Lack of flexibility and inadequate benefits are resulting in a loss of gender-balance and talent for employers. So, it is upon all of us to shift the perspective through continued enhancements of initiatives and policies and integrating inclusion into day-to-day operations.

progress on achieving the Sustainable Development Goals by 2030 remains uneven, slow and mostly elusive. The United Nation's annual report card, Sustainable Development Goals Report 2024, launched in New York on Friday, finds only 17 % of the SDG targets are currently on track, with nearly half showing minimal or moderate progress, and over one-third stalled or regressing. «The world is getting a failing grade,» said UN Secretary-General Antonio Guterres. «The takeaway is simple: Our failure to secure peace, to confront climate change and to boost international finance is undermining development. We must accelerate action for the Sustainable Development Goals — and we don't have a moment to lose.» Between 2015, when countries adopted the SDGs to 2019, there were marked gains and improvements though these too were insufficient to achieve the goals by 2030. However, the COVID-19 pandemic and its lingering impacts, the energy, food and economic crisis resulting from the wars and escalating conflicts, geopolitical tensions and growing climate chaos have severely hindered progress.

compliance burden for insolvency professionals, and enhance the effectiveness of the liquidation process, the IBBI has launched a set of electronic forms under the Insolvency and Bankruptcy Code. These forms are crucial for the liquidation process under the Insolvency and Bankruptcy Code (IBC), as they facilitate systematic and transparent record-keeping and seamless reporting, the insolvency regulator said. The new circular, issued by the Insolvency and Bankruptcy Board of India (IBBI) on June 28, introduces forms LIQ 1 to LIQ 4, covering different stages of the liquidation process. Presently, the IPs submit the details regarding the liquidation process, to the board through emails, which is time-consuming and inefficient, the IBBI said in the circular. LIQ 1 includes details from the commencement of liquidation to the public announcement. Further, LIQ 2 captures information from the public announcement to the progress report, including valuation, sale, and receipts. LIQ 3 focuses on the period from the last progress report to the application for dissolution, while LIQ 4 deals with the distribution of proceeds and other final details post-dissolution order.

India Meteorological Department (IMD) issued a red alert for several northeastern states, forecasting extremely heavy rainfall over the next two days.

The artificial intelligence (AI) hype that made Nvidia the world’s biggest company has come with a price for the world’s climate. Data centres housing its powerful chips are gorging power and belching carbon dioxide, and sobering figures now reveal the extent of the problem. Data centres will use 8% of US power by 2030, for example, compared with 3% in 2022, according to a recent report from Goldman Sachs Group, as their energy demand grows by 160%.

The home loan market is rapidly evolving in India, presenting a range of products to cater to the diverse requirements of potential homeowners. Step-up home loans and top-up home loans are among the favoured options available. It is, however, imperative to comprehend the differences between the two in order to make a well-informed decision.

Dhami said on Saturday that a master plan of Rs 424 crore has been prepared for the upgradation of facilities at Badrinath temple in the state. The Chief Minister said that his government is committed to developing the pilgrimage sites of the states with better coordination of ecology and economy. «A master plan of Rs 424 crore has been prepared for upgrading facilities at Shri Badrinath temple, under which development work is in progress. Our government is committed to developing the pilgrimage sites of Devbhoomi with better coordination of ecology and economy,» Dhami said on X.

Indian Railways achieved another milestone on Friday with the successful trial run of High-Speed CRS on the famed Chenab Bridge, the world’s highest railway bridge, in Jammu and Kashmir. This trial run marks a significant step towards commencing rail operations on the Reasi-Baramulla route in Kashmir. Earlier, after conducting its first trial run this week, the Ministry of Railways had said: «After an extensive inspection of the newly constructed Chenab Bridge by senior officers from Railway Board, Northern Railway, and Konkan Railway, a trial run was conducted on a 46-km-long electrified line section between Sangaldan in Ramban district and Reasi at a speed of 40 kmph.» The trial, starting at 12.35 pm from Sangaldan and reaching Reasi at 2.05 pm, covered nine tunnels spanning 40.787 km, including the longest tunnel T-44 stretching 11.13 km. This marks the inaugural full train crossing on the iconic bridge between Dugga and Bakkal stations over the Chenab river, the highest arch railway bridge globally, the ministry said.

If you’ve found yourself panicking about forgetting to do something before the week’s end, you likely forgot to make your nomination!

inflation is cooling, news that helped ease doubts over how well monetary policy is doing its job after stronger-than-expected price increases earlier in the year. But while progress on a month-to-month basis is increasingly clear, the road to the Fed's 2% inflation goal — measured in year-over-year terms — is likely to be long, complicating discussions about when to cut interest rates. «We are getting evidence that (policy) is tight enough,» San Francisco Federal Reserve Bank President Mary Daly told CNBC in an interview just minutes after a Bureau of Economic Analysis report showed inflation did not rise at all from April to May. «It's really challenging to look anywhere and not see monetary policy working: we have growth slowing, spending slowing, the labor market slowing, inflation coming down.»

The peso’s volatility influenced the central bank’s decision Thursday to hold rates steady, Banco de Mexico’s Governor Victoria Rodriguez said. Given its possible effects on inflation, it could also play a role in how the bank weighs future cuts.

New Zealand has announced new immigration rules that won't let some foreign workers sponsor their dependents for work, visitor, or student visas. These regulations aim to streamline visa processes while ensuring that visa sponsors meet specific criteria aligned with New Zealand's economic and immigration priorities. Starting June 26, changes to visa regulations in New Zealand mean that individuals holding an Accredited Employer Work Visa (AEWV) at ANZSCO levels 4 and 5, without a pathway to residency, can no longer sponsor their partners and dependent children for work, visitor, or student visas. This adjustment aligns with broader revisions to the AEWV scheme earlier this year, returning conditions to those similar to the previous Essential Skills Work Visa. However, partners and dependent children can still apply for their own visas, such as the Accredited Employer Work Visa or international student visas, provided they meet the respective criteria.

Taiwan has urged its citizens to avoid travel to China and the semi-autonomous Chinese territories of Hong Kong and Macao following threats from Beijing to execute supporters of the self-governing island democracy's independence. Spokesperson and deputy head of the Mainland Affairs Council Liang Wen-chieh issued the advisory at a news conference Thursday. That came amid growing threats from China, which claims Taiwan as its own territory to be annexed by force if necessary.

NEW DELHI : Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Despite arriving early, the annual monsoon rains have been deficient in June so far, while the government has imposed stock limit on wheat to control price rise. The Adani Group is planning to nearly double its capital expenditure in 2024-25.

Ghana at first looks like a series of linked hearts, but on closer inspection, I notice a stylised bird. I learn that this is the Sankofa, a mythical bird from their culture that flies forward while looking backward, with an egg held in its mouth. The word Sankofa derives from the Akan people, a West African ethnic group that resides in Ghana and the Ivory Coast. The Akan, over centuries, developed a highly artistic and communicative system of ideographic and pictographic symbols, each representing a specific concept or proverb rooted in the Akan experience.... Their beliefs were handed down mostly orally through proverbs and stories, or through pictorial symbols. A proverb from which the concept and meaning of Sankofa is derived declares, 'It is not wrong to go back for that which you have forgotten.' It speaks of bringing good from the past into the present and progress through the benevolent use of knowledge.

monsoon has covered more than three-fourths of the country and it is set to cover the entire country on time for the planting season despite stalling earlier this month, two senior weather officials said on Thursday. Summer rains, critical for economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8, allowing farmers to plant crops such as rice, cotton, soybeans, and sugarcane. «Monsoon is advancing quickly in northern India and will cover the entire country on time,» said an official of the India Meteorological Department (IMD), who spoke on condition of anonymity as he was not authorised to speak to the media.

The Morning Show Season 3 finale left viewers in suspense, with Alex (Jennifer Aniston) and Bradley (Reese Witherspoon) facing dramatic shifts in their careers and personal lives. As anticipation builds for the next chapter, here's a comprehensive look at what lies ahead in Season 4.

Best Durafit treadmill: Top 6 options for every fitness enthusiast to elevate home workout4. Lifelong LLF45 Fit Pro Spin Fitness BikeGet ready for a top-notch workout experience with the Lifelong LLF45 Fit Pro Spin Fitness Bike. This bike is designed to give you a professional-grade workout right in the comfort of your own home.

PTI where fans offered prayers, and it has garnered over 7,310 views. Netizens also commented on it, with some started trolling them too.One wrote, "It's heartening to see such passionate support for our team!"Another wrote, "Are nonsense admi mudi panauti hee kuch bhi nhi hoga."Someone commented, "but why are thy seeing at the camera and not concentrating at the havan ?""Matlab news me aane ke liye kuch bhi," commented teh fourth."Joblessness can lead to such behaviour!" wrote the fifth.According to the ICC playing conditions for the 2024 T20 World Cup, in the event of a washed out semi-final, the team that finishes higher in their respective Super 8 group will progress to the final.