Progressive Financial News

Also Read: Will chatbots eat India's IT industry? The operating margin was flat QoQ for the IT sector at 19.7%. The deal TCV during the quarter was strong at $27 billion, up 33% QoQ.

Smarter vehicles could mean some of the most dramatic changes for the traditional traffic signal since the yellow light was added more than a century ago

interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in consumers' inflation expectations. «There are… important upside risks to inflation that are on my mind, and I think there's also uncertainties about how restrictive policy is and whether it's sufficiently restrictive» to return inflation to the U.S. central bank's 2% target, Dallas Fed President Lorie Logan said at a Louisiana Bankers Association conference in New Orleans.

NSCN-IM (National Socialist Council of Nagalim — Isak-Muivah) has expressed apprehensions regarding the potential resurgence of severe human rights violations in Nagalim if the ongoing talks fail to yield positive outcomes. Emphasising the urgency of concluding the prolonged Indo-Naga political dialogue in an honorable manner, NSCN-IM referenced the signed Framework Agreement. In this agreement, the Government of India officially acknowledged the distinctiveness of Naga history and recognised the independent nature of the Naga people. The agreement also outlined the coexistence of the Nagas and Indians, sharing sovereign power. NSCN-IM said that inspite of all the commitments and agreements, the Government of India is trying to backtrack and disown the Framework Agreement by creating situations through the agencies of its surrogate Naga factions, opportunists and the neighbouring peoples who are hostile to the cause of the Nagas. The Government of India is playing time. But the Naga people under the banner of National Socialist Council of Nagalim stand firm on the historic Framework Agreement signed on the August 3, 2015.

$38 billion deficit in January, driven by declining revenues. Days later, the nonpartisan Legislative Analyst's Office said the deficit was actually $58 billion when including some reductions in public education spending. State officials needed a big rebound in tax collections to improve things, but it hasn't happened.

Stand with Crypto has 440,000 members, and aims to raise funds for pro-crypto candidates’ campaigns. Other crypto-focused PACs Fairshake, Defend American Jobs, and Protect Progress have raised $110 million this election season according to a report.

Wales First Minister Vaughan Gething on Friday said he held a «candid meeting» with Tata Steel on the issue of expected job losses at the company's Port Talbot plant in South Welsh. The First Minister, who is on a visit to India as part of the trade mission, also expressed hope that the Indian steel major, which has a «positive reputation», would take the same approach for the workers at the Welsh plant. Last month, Tata Steel announced to proceed ahead with its plans to close down the two furnaces at the plant and replace them with electric furnaces as part of its plans to go green in steel manufacturing. The proposed move could affect some 2,500 jobs in the next 18 months. But trade unions have opposed the move, and some 1,500 workers have reportedly voted in favour of an industrial action.

U.S. Treasury yields rose on Friday with no major catalysts to drive direction as traders waited on key inflation data for April next week to guide expectations of Federal Reserve policy. Yields hit one-month lows last week after a softer-than-expected employment report for April re-ignited bets that the U.S. central bank will make two 25 basis point interest rate cuts this year.

₹78,000. The intent and messaging of the scheme’s ‘300 free units’ is clear. The government aims to address energy equity, with the dual benefits of boosting household incomes and promoting energy security.

Bihar Lok Sabha Elections 2024: Less than a year ago, Bihar CM Nitish Kumar was seen as a formidable figure within the opposition, positioned as the strongest challenger to PM Narendra Modi. However, Kumar's current political landscape is marked by a flurry of strategic moves, as he works to reaffirm his loyalty to the saffron alliance, comprising the PM and the BJP. During a recent event alongside Modi in Aurangabad, Kumar aimed to dispel any doubts about his allegiance, stating, «While I may have momentarily strayed from the path, I want to assure you that I have returned to the NDA fold for good.» His remarks, met with subtle smirks from Modi and Bihar governor Rajendra Vishwanath Arlekar, highlight the intricate dynamics of political alliances in the state. As Bihar witnesses the fervour of election season, Kumar assumes a prominent role in numerous rallies, often sharing stages with BJP's key campaigners. However, amidst his speeches, Kumar's assurances of unwavering commitment to the NDA ring hollow to many. Aware of his history of political manoeuvring, the public responds with scepticism, mindful of past promises that were quickly forgotten.

demat accounts will be credited with the allocated shares. On Monday, May 13, the refund process will start for individuals who did not get shares. On the same day, those who have been allocated will get their shares in their demat accounts.

Also Read: Akshaya Tritiya 2024: Should you bet on Gold today? Experts advise caution Along with PM Modi, Union Home Minister Amit Shah, Uttar Pradesh Chief Minister Yogi Adityanath and other leaders also extended their wishes for the festival. Also Read: Akshay Tritiya 2024: What is the right time to buy gold and silver today? Check city-wise muhurrat "Warm wishes to all the families of the country on Akshaya Tritiya.

Akshaya Tritiya is also referred to as Akha Teej, which is associated with the worship of the deities of wealth, namely Lord Vishnu and Goddess Laxmi. This year, Hindus in India will celebrate this auspicious day on Friday, May 10. This occasion is significant among Hindus because it is believed that Lord Parsurama was born on this day. Lord Parsurama is considered the sixth form of Lord Vishnu, and this day is also associated with the time when Lord Ganesha began writing the Mahabharata. The story behind Akshaya Tritiya is that during the visit of the easily angered sage Durvasa, Krishna ate a small particle from his bowl on this very day. This act deflected the wrath of the sage and saved the Pandavas from his curse. However, Hindus celebrate this festival on the birth anniversary of Lord Parasurama. On this holy day, we have created a list of quotes and messages related to the occasion for your loved ones. Let us take a look. Wishes on Akshaya Tritiya. May the blessings of Lord Vishnu bring prosperity and abundance to you and your loved ones on this special occasion of Akshaya Tritiya. Warm wishes for a joyful Akshaya Tritiya 2024!

Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely. But one important takeaway from recent Fed commentary is that unlikely and inconceivable are not the same thing. After the central bank held rates steady at 5.3% last week, Fed Chair Jerome Powell delivered a news conference where what he didn't say mattered.

Delhi High Court has asked NBCC to refund over 76 lakh along with interest to a homebuyer after it failed to deliver possession of his flat, bought it 2012, and also awarded compensation of Rs 5 lakh for causing «extreme mental agony». Justice Subramonium Prasad, while allowing the homebuyer's petition against NBCC, observed that purchasing a house is one of the most significant investments an individual or a family makes in their lifetime, and it often involves years of savings, meticulous planning and emotional investment, and therefore compensating wronged homebuyers is not just a matter of rectifying past injustices but also about deterring future misconduct. The petitioner, a retired government employee, said he purchased the flat in 'NBCC Green View Apartments', a project launched in 2012 for Gurugram, but in spite of paying the entire sale price of over Rs 76 lakh in 2017, the unit was never handed over to him. In the order passed on May 8, the court observed that the petitioner has been deprived of his money for the last 10 years and «structurally defective houses» have been constructed, leaving him in a complete lurch, and NBCC should be «dealt with severely» for reluctance to pay interest on the amount and ensuring the petitioner's rehabilitation.

Tiger Woods will be the lone player on a five-member subcommittee that will be involved in negotiations with the Public Investment Fund, part of a busy day of governance as the PGA Tour tries to strike a deal with Saudi backers of LIV Golf. Woods was appointed to the PGA Tour board in August, making him the sixth player-director and the only one whose board term has no limits. The tour said Woods will be part of the «transaction subcommittee» on the board of PGA Tour Enterprises that will handle day-to-day negotiations as PIF seeks to become a minority investor. Also on the subcommittee are PGA Tour Commissioner Jay Monahan, board chairman Joe Gorder, John W. Henry of Fenway Sports Group and Joe Ogilvie, a former tour player appointed as a director liaison in March.

President Joe Biden is pushing proposals to help families pay for child care, preschool and elder care while he's running for reelection this year

In a stock exchange notice today (8 May), the £1.3bn trust said the scheme will run alongside its progressive dividend policy and long-term share buyback programme, which saw £13m worth of shares bought back in the year ended January 2024. According to chair Jane Tufnell, the latest share buyback programme will enable the trust to «take advantage of current trading levels where the opportunity to purchase shares in meaningful size and at a significant discount presents itself». London Stock Exchange Group eyes £1bn buybacks in 2024 «In announcing this programme the board is seeking...

Democratic Progressive Azad Party chief and former Union Minister during the UPA govt, Ghulam Nabi Azad today heavily criticised Air India for flight cancellations and went on to say that it should be shut as its 'basic culture is bad". Azad said this after his Delhi-Srinagar Air India Express flight got cancelled. «I was supposed to leave in the morning. But I am now leaving on an IndiGo flight after sitting here for 3-4 hours...If the flights were cancelled, they should have informed us in the morning itself. Why did they fool everyone?...Air India should be shut...Air India's basic culture is bad, nothing will become of it,» Azad was quoted as saying by ANI.

NEW DELHI : The government is considering a proposal to scrap the import duty on business jets as the tax introduced a decade-and-half ago has approached the end of its intended tenure. A tax of 2.5% is levied on private and business airplanes that are imported for so-called non-scheduled aircraft operations, while there’s no such tax on commercial jets.

«Today, you have the BlackRocks and the GICs of the world, sovereign capital which is available. High quality institutional capital is available to the real estate industry and we have RERA, so there is far more regulation, balance sheets are deleveraged, and demand is pretty strong,» says Hiren Ved, Director & CIO, Alchemy Capital. So, buy all India players, buy regional players, what should one do? No, just buy strong players. See, real estate, by and large has been a local industry. There have been few players like Godrej, etc, who have been all India.