Progressive Financial News

Narendra Modi held a bilateral meeting with Japanese PM Fumio Kishida on the sidelines of the G-7 Summit in Apulia, Italy and discussed the Mumbai-Ahmedabad High Speed Rail project with a targeted 5 trillion yen worth of investment in India. Highlighting India-Japan relations, the Prime Minister's office said on X, «Boosting India-Japan relations! PM @narendramodi held a productive bilateral meeting with Japanese Prime Minister @kishida230 in Italy on the sidelines of the G7 Summit.»

logistics costs for Adani Cements, chief financial officer Vinod Bahety told analysts in a call. Adani Cements transports less than 2% of its cargo through the sea route, and access to five bulk cement terminals at Kolkata, Gopalpur, Karaikal, Kochi and Colombo through Penna Cement is expected to boost this to 10% by 2027-28 (April-March), he said. «A key highlight of this transaction is that it gives me complete strength for the servicing of peninsular India. A lot of companies have cement, but this company has been much more visionary in terms of sea logistics infrastructure,» Bahety said. For the cargo that is transported through the sea route, it can help bring down costs by as much as ₹300-400 per tonne, while on an overall basis, it will bring in savings of ₹50-70/tonne.

Kate Middleton, Britain's Princess of Wales, has said she is making good progress as she undergoes preventative chemotherapy but is «not out of the woods» ahead of her first public appearance on Saturday since surgery revealed the presence of cancer. In a personal written message released on Friday, Kate said she had been «blown away» by the thousands of kind messages from across the globe that followed her cancer announcement in March, as per a Reuters report. She said they had made a world of difference to her and her husband, heir-to-the-throne Prince William. «I am making good progress, but as anyone going through chemotherapy will know, there are good days and bad days,» her statement said.

Stocks that are trading heavily or have substantial price changes on Friday: RH, MSC Industrial fall; Adobe, Progressive rise

USA vs Ireland game in Group A of the T20 World Cup which is scheduled for Friday as it will decide the fate of several teams. However, the flood situation in Florida and forecast for more spells of heavy rain threaten could play a spoilsport, which works in favour of the home team. Out of the three statdiums picked for the tournament, three remaining matches of Group A are all scheduled to be held at the Central Broward Regional Park Stadium Turf Ground in Lauderhill, Florida. The other two venues are in New York and Dallas. The upcoming match on Friday will see USA on the brink of another history-making moment with a chance to progress to the 'Super 8s' stage in their debut appearance in the T20 World Cup, and the inclement weather in Florida can make the equation even simpler.

budget to be presented next month. Electric two, three, and four-wheelers are expected to be supported under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme, which could receive a budgetary allocation of about Rs 10,000 crore, people familiar with the deliberations told ET. “Discussions are on… FAME III could be announced in the full budget,” a senior official said. The heavy industries ministry, which administers the scheme, has already sent a plan for vetting to the Prime Minister’s Office (PMO).

State Department has announced a pilot project to facilitate online renewal of passports. This will enable Americans to apply for a passport from the comfort of their homes without having to step out and submit the forms physically. There are many requirements for this process and not all are eligible. Further, there will be a limit on the number of applications which are accepted every day. Pilot Project:

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

inflation data raised hopes for two rate cuts in 2024, even as the Federal Reserve's projections called for just one cut this year. Spot gold was down 0.5% at $2,310.89 per ounce, as of 1510 GMT. Prices fell as low as $2303.84 before the data came out. U.S. gold futures were down 1.2% to $2,326.90.

acquisition of Penna Cement will be funded through internal accruals. In its edition dated June 13, ET reported that the Adani Group is in talks to acquire Penna Cement. The Group is also evaluating other cement companies for acquisition including Gujarat-headquartered Saurashtra Cement and the cement business of Jaiprakash Associates as well as ABG Shipyard-owned Vadraj Cement.

CNBC Make It, Whole Foods CEO Jason Buechel highlighted a critical issue he often observes in employees: an unwavering belief in their own knowledge. Buechel views this attitude as detrimental not only to individual growth but also to the progress of the organization. Buechel emphasized the need for adaptability in today's rapidly changing world, acknowledging his own past struggles with inflexibility. He stressed the importance of considering different perspectives, noting that failure to do so can hinder personal and professional growth.

JPMorgan Asset Management chief market strategist Gabriela Santos analyzes the Federal Reserve's interest-rate decision making on 'The Claman Countdown.'

Also Read: Top Stock Recommendations: Osho Krishan suggests buying these two stocks todayHDFC Life Insurance, LTI Mindtree, Divi’s Laboratories, Shriram Finance and Wipro were the top gainers on the Nifty 50 constituents, while Tata Consumer Products, Britannia Industries, Hindustan Unilever, Cipla and Eicher Motors were the top losers.Positive global cues and favourable domestic economic data led the rally in the Indian stock market. The domestic equities followed an upmove in Asian markets and US stock market after softer than expected US inflation data and the US Federal Reserve policy decision.Read here: US Fed holds key rates elevated at 23-year high, expects single 0.25% reduction in 2024; 5 key takeaways from Fed PolicyThe US consumer price index (CPI) came in at 3.3% in May, down 0.1 percentage point from April’s 3.4%.Meanwhile, the US Federal Reserve kept its benchmark interest rate unchanged for the seventh straight meeting on Wednesday and said that “modest" progress had been made toward its long-term inflation target of 2%.

2023 was a stupendous year for Indian realty as the sector recorded a hefty 2.5 billion dollars worth of investments. And it’s only getting better. By 2030, the Indian real estate sector is slated to register the coveted ‘one trillion dollar’ mark. Having emerged as the proverbial juggernaut this year, the country’s real estate industry continues to gallop at a tremendous pace. It has fast cemented its position as the largest and most lucrative sector for investors.

Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls to keep borrowing costs high for longer to suppress inflation.

The announcement comes after a Labor Department report showed that inflation slowed more than expected in May, even as prices remained high for millions of Americans.

IBBI has proposed changes to the corporate insolvency resolution process (CIRP) forms and compliance framework to reduce compliance burden on insolvency professionals, and sought stakeholders' comments by July 1. These changes will reduce the amount of information and data that insolvency professionals (IPs) need to submit, thereby enhancing efficiency and reducing redundancy.

World Athletics on Wednesday announced a five-year global broadcasting services deal with Tata Communications, making the Indian telecom major a partner in the coverage of marquee events from next year, including the Tokyo World Championships. Tata Communications will be a «key strategic supplier» for the world body with a view to «elevating innovation and audience engagement to new heights,» World Athletics said in a statement.

There is much to talk about in the memecoin market since June began. However, one discussion gaining more attention is which memecoin should be followed in the June bull market. The BEFE bull has been charging stronger and more challenging since the beginning of June, making it a better meme coin to invest in this June. Have you been following the BEFE social media page? If you haven’t, you can check their X (Twitter) page, where you will notice a lineup of new updates, making BEFE the new meme token to follow.

Former president Donald Trump's company says he is not the holder of liquor licenses at his three New Jersey golf clubs

BENGALURU : Shortly before Nykaa listed on the bourses in November 2021, founder and chief executive Falguni Nayar expressed her intention to make the beauty and fashion marketplace a “house of brands", rather than just a multi-brand retailer. Nearly three years later, Nykaa continues to be driven by this proposition for both the beauty and the fashion segments, investing and carefully building out its strategy hoping that it will compound over time. The progress is interesting.