Progressive Financial News

The efforts to tamp down organized retail theft in California this year have largely boiled down to two paths

Ashwini Vaishnaw today took a bike ride to reach the Kanchenjunga Express train accident site in the Darjeeling district. At least 15 people lost their lives and around 60 others were injured when a goods train collided with the Sealdah-bound Kanchanjunga Express near Rangapani station in West Bengal on Monday. The collision caused three rear compartments of the express train to derail, railway officials stated. Rescue operations are in progress at the site, located about 30 km from North Bengal's New Jalpaiguri station, with the injured being transported to nearby hospitals. A senior police officer informed PTI, «At least 15 people have died in the accident till now and 60 suffered injuries.» Railway Minister Ashwini Vaishnaw earlier commented on X, «Unfortunate accident in NFR zone. Rescue operations going on at war footing. Railways, NDRF and SDRF are working in close coordination. Injured are being shifted to the hospital. Senior officials have reached site.»

terrorist was killed in an encounter with security forces in Jammu and Kashmir's Bandipora district on Monday, officials said. The gunfight broke out after security forces launched a cordon and search operation in the Aragam area of the district on Sunday night following information about the presence of terrorists there, they said. The army's Srinagar-based Chinar Corps said one terrorist has been killed. The operation was in progress till last reports, it said. «Based on specific intelligence input regarding presence of terrorists, a joint operation was launched by the Indian Army and Jammu and Kashmir Police on the intervening night of June 16-17 in the general area of Gurihajin, Aragam Bandipora; one terrorist eliminated, operation in progress,» the Chinar Corps posted on X.

NEW DELHI : Mumbai: Flipkart's much-anticipated plunge into quick commerce can be expected in India's top metro cities within “weeks", a top official said, as the Walmart-backed e-commerce company beefs up its supply chains to take on the likes of Swiggy Instamart, Zepto, and Zomato's Blinkit in a market growing at breakneck speed. “It'll be a few weeks from now; we'll start in a few large cities and progress as we move forward," Hemant Badri, senior vice president, head of supply chain, customer experience and recommerce business, Flipkart Group, said in an interview.

Indian Navy is going to hold trials in Spain to test the critical equipment for its Project 75 India to get six advanced submarines by the end of this month, Spanish firm Navantia said. In an exclusive interaction with ANI, Spanish shipyard Navantia's Chairman Ricardo Dominguez Garcia-Baquero said both the Spanish government and the Spanish Navy are very keen for the P75(I) project to progress and are willing to support in all possible ways. «This includes expeditious export clearance, signing an umbrella agreement with Indian government etc., like in the case of the recent Airbus deal (for supplying C-295 transport aircraft) with an Indian Company (Tata),» he said in an email reply.

S Jaishankar held a meeting with United States National Security Advisor Jake Sullivan in New Delhi on Monday and discussed various bilateral, regional and global issues. Jaishankar expressed confidence that the strategic partnership between India and the US will continue to advance strongly in the near term. In a post on X, Jaishankar stated, «Delighted to welcome US NSA @JakeSullivan46 in New Delhi today morning. A comprehensive discussion on a broad range of bilateral, regional and global issues. Confident that India-US strategic partnership will continue to advance strongly in our new term.»

Equities: The brokerage anticipates that market dynamics in the near term will pivot around prevailing narratives. Key drivers include the sentiment surrounding policy continuity, anticipation ahead of the Budget, the progress of the monsoon, advancements in the CAPEX agenda, fiscal consolidation efforts, and expectations for rural economic recovery in the latter half of the year.

₹5,000 crore mega tender to accelerate the adoption of the Kavach automatic train protection (ATP) technology across 10,000 km of its busy networks. This initiative is aimed at reducing accidents such as the one near Balasore in Odisha last yearthat left nearly 296 people dead and over 1,200 injured. According to two people aware of the development, Indian Railways plans to release two separate tenders, each covering approximately 5,000 km, in the next few months, according to two persons aware of the development.

The weather department had issued a red alert for Sunday, an orange alert for Monday, and a yellow alert for Tuesday and Wednesday. On Sunday, the maximum temperature at Safdarjung, Delhi's base station, reached 44.9 degrees Celsius, six degrees above normal. This was slightly higher than Saturday's maximum of 44.6 degrees Celsius. The minimum temperature recorded was 33.2 degrees Celsius, also six degrees above normal, marking it as the second warmest June day in the last six years.

Blaming corporate greed for inflation isn’t working. Hence Team Biden’s new deflection: Donald Trump would make inflation worse. The president’s chihuahuas in the press are running with the line.

Jitendra Singh on Sunday said India is set to become the sixth country to have its own deep-sea mission. Chairing a meeting to discuss the ministry's 100-day action plan, Singh expressed pride and happiness on the progress of the deep-sea mission and India being among the very few nations to achieve this feat. He asked institutes to focus on achieving a resilient blue economy to empower people dependent on the ocean and its energy for livelihood. Singh said the deep-sea mission is not limited to mineral exploration but development of ocean sciences and exploration of flora and fauna and conservation of marine biodiversity.

air defence missiles, DRDO is going to carry out trials of the indigenous shoulder-fired air defence missiles before handing them over to the Indian Army for user trials. The Defence Research and Development Organisation has been developing Very Short Range Air Defence missiles to meet the requirements of the Indian Army and Air Force to tackle aerial targets like fast-moving drones, fighter aircraft and helicopters in border areas. DRDO is looking to carry out high-altitude trials of the Indigenous tripod-fired short-range air defence missile in mountainous regions like Ladakh or Sikkim, defence officials told ANI.

Union Minister of State for Law and Justice (Independent Charge) Arjun Ram Meghwal on Sunday said the new criminal laws will be introduced from July 1, dismissing opposition allegations of not being consulted before the decision was made. Meghwal said the Indian Penal Code, Code of Criminal Procedure, and the Evidence Act will be replaced by the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Act. He added that necessary training programmes and infrastructure development for implementing the new laws are already underway. «The three new laws will be implemented from July 1 for providing timely, speedy, and error-free justice,» Meghwal said during the inaugural session of 'India's Progressive Path in the Administration of Criminal Justice System' held here on Sunday.

T20 World Cup has progressed to its Super Eight stage after an intense round of preliminary matches across various venues. The Super Eight phase of the 2024 T20 World Cup is scheduled to commence on June 19, Wednesday, with seven out of the eight teams already confirmed. Anticipation mounts for the June 24 clash between India and Australia, a rematch of the 2023 World Cup Final. India secured their spot by topping Group A with three wins, while their last match was affected by rain. Bangladesh is expected to join as the eighth team in the Super Eight, while the Netherlands remains a distant contender.

Modi, in a bilateral meeting with Japanese Prime Minister Fumio Kishida, reiterated that strengthening ties with Japan remains a top priority in his third term. This reaffirmation highlights the ongoing collaboration between India and Japan in several key sectors. The Indian government highlighted the collaboration on the Mumbai-Ahmedabad high-speed rail project, describing it as a significant step forward for India's mobility infrastructure. Despite facing a five-year delay, Japanese authorities confirmed earlier this year that work on all sections has commenced and expressed satisfaction with the progress. They assured that all uncertainties regarding the project have been resolved. In addition, both leaders discussed Japan's planned 5 trillion yen investment in India over the 2022-2027 period. They also reviewed the India-Japan Industrial Competitiveness Partnership, which aims to enhance manufacturing cooperation between the two nations.

benchmark Brent crude and rupee-dollar trend would also guide the market. «This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz. Key factors to watch will be progress of monsoon and institutional flows,» said Santosh Meena, Head of Research, Swastika Investmart Ltd.

infection are spreading rapidly across Japan, raising alarm among health officials. The disease, known as Streptococcal toxic shock syndrome (STSS), is causing severe illness and has fatal outcomes within a startlingly short period. Surge in STSS Cases

The Insurance Regulatory and Development Authority of India (IRDAI) has announced comprehensive reforms aimed at enhancing the overall customer experience in the life insurance sector. Detailed in the newly-released Master Circular on Life Insurance Products, these reforms focus on increasing transparency, accessibility, and policyholder satisfaction.

At the recent G7 Leaders’ Summit, the UK solidified its role as a global leader by announcing the expansion of its AI for Development programme into Asia. This initiative, initially launched to support safe and responsible AI projects in Africa, will now extend its reach to Asia, marking a significant step in global technological and sustainable development efforts.

King Charles III, a military parade that will be the Princess of Wales ' first public appearance since her cancer diagnosis early this year. The annual event is also a show of stability by the monarchy after months in which both the king and Kate, wife of heir to the throne Prince William, have been sidelined by cancer treatment.

Japan, particularly in Tokyo. Streptococcal toxic shock syndrome (STSS) is an aggressive illness that can be fatal within 48 hours of infection. Tokyo alone reported 145 cases in the first half of 2024. The majority of cases are in adults over 30, while the death rate has hovered at around 30 per cent, as per a report by local newspaper Asahi Shimbun.