Progressive Financial News

Mahindra Susten, the renewable energy arm of the Mahindra Group, plans to invest ₹21,000 crore over the next five years to develop a renewable energy asset portfolio of nearly 5.5 GW. The company, with its 39% partner Ontario Teachers' Pension Plan, has committed equity to build peak capacity of that order in the next four to five years. «We have made a business plan of this capacity and got it approved with the shareholders,» MD Deepak Thakur told ET. «We are also looking at the entire green energy canvas in terms of building our portfolio of renewable energy assets which will include storage projects and round-the-clock power projects.» This January, Mahindra Group and Ontario Teachers co-sponsored an infrastructure investment trust (InvIT) holding assets in the renewable energy space.

Gary Cole's character, Alden Parker, with the cast hinting at significant changes and emphasizing that no character is safe in the long-running procedural drama.

India were on Sunday placed in Group A alongside defending champions Australia, New Zealand, Pakistan in the Women's T20 World Cup, which will be held in Bangladesh from October 3-20 this year. With all their group matches scheduled to be played at Sylhet, India will open their campaign against New Zealand on October 4 and face off against arch-rivals Pakistan on October 6 as the ICC announced the schedule for the ninth edition of the Women's T20 WC. India's next assignment will be against yet-to-be-identified Qualifier 1 team on October 9 while their clash against six-time world champions Australia will be on October 13. «Each side will play four group matches at the tournament, with the top two teams from each group progressing to the cut-throat semi-finals on 17 and 18 October ahead of the Final in Dhaka on 20 October,» the ICC posted on its website.

Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month

—Name withheld on request As per the provisions of Income-tax Act, capital gains arising from transfer of a long-term capital asset being equity share in a company or units of equity oriented mutual fund, shall be taxed at 10% (plus applicable surcharge and cess) on capital gains exceeding ₹1 lakh, if STT (securities transaction tax) has been paid at the time of acquisition and transfer of such capital asset. LTCG arising from other capital assets are taxed as per the respective/applicable provisions and tax rates.

Congress has named Jay Narayan Patnaik as its Lok Sabha candidate from Puri in Odisha on Saturday after Sucharita Mohanty returned her ticket, citing alleged denial of funding by the party. «The Congress President (Mallikarjun Kharge) has approved the candidature of Shri Jay Narayan Patnaik (In place of Smt. Sucharita Mohanty) as the party candidate for the ensuing general elections to the Lok Sabha from 17 — Puri Parliamentary Constituency of Odisha,» the Congress said in a statement. Patnaik has been associated with the Congress for the past few years, he will make his electoral debut in this election. The last date for filing nominations in Puri is May 6.

Mamata Banerjee slams BJP, says ‘shocking Sandeshkhali sting’ video shows… The man alleged in the video that Adhikari had asked him and other BJP leaders of the area to "instigate three-four local women to level allegations of rape against three TMC leaders, including Shajahan Sheikh". Mint did not verify the authenticity of the video posted by the TMC. The local BJP leader was also heard saying that Nandigram MLA "Adhikari himself had planted guns at a house in Sandeshkhali, which was later shown as the seizure by central agencies".

EA FC 24 ha emerged as the emerged as the new FIFA alternative in recent years, sparking curiosity among players about its online features. One major question that comes to mind of players generally is about its crossplay compatibility across different platforms. Here's a breakdown of what you can expect in terms of crossplay in EA FC 24, as per a Dexerto report. Crossplay Compatibility

Dortmund must have felt the stirring of some distant memory. Waves of attacks pounded down on Paris Saint-Germain, now dizzied and wearied. The world shimmered with possibility. A place in the Champions League final felt, for a moment, close enough to touch. This is how it used to be, or at least some approximation of it, back in the days when Dortmund made Europe shake. Gregor Kobel, the team's goalkeeper, was pulling off daring turns in his own penalty area. Mats Hummels, a fixture in the lineup a decade ago, was spraying languid passes with the outside of his foot. Jadon Sancho and Karim Adeyemi were electric, relentless. There is a chance, of course, that it will all count for nothing. More than a chance, really: Dortmund may live to regret that a second goal never came. PSG had enough opportunities to hint at its threat, too, hitting the post twice in the space of 10 seconds at one point. It may not prove quite so forgiving in the return leg in Paris on Tuesday.

CBI) is expected to issue a blue-corner notice against Hassan MP Prajwal Revanna to get him to face the ongoing investigations into his alleged abuse of women and leaks of explicit videos. Blue collar notice authorises Interpol to collect information about a person's identity, location or activities related to a criminal investigation. Participating in a meeting chaired by Chief Minister Siddaramaiah on Saturday to review the progress made in the investigations, the special investigation team (SIT) officials informed him about the possibility of the federal investigating agency issuing a blue-collar notice. Such a notice will help the SIT speed up investigations, they said. The SIT has already issued a look out notice for Revanna Jr. The police officers also told the CM that they would arrest Revanna Jr as soon as he arrived in any of the Indian airports.

Zakia Wardak has announced her decision to step down from her role at the Consulate and Embassy of Afghanistan in India. Wardak said that she has faced numerous «personal attacks and defamation» over the past year. The development comes after the Directorate of Revenue Intelligence intercepted her over alleged attempts to smuggle gold from India to Dubai. She noted that these attacks which seem to be organized have severely affected her ability to effectively operate in her role and showcase the challenges faced by women in Afghan society who want to bring a positive change amidst the «propaganda campaigns.

mid-sized companies employ a large chunk of the workforce and some of them proactively create a good working environment for their teams. A list released by LinkedIn recently on top workplaces to grow careers in India addresses this issue by naming 15 best mid-sized companies. This would help professionals who prefer to work in smaller organisations because of their inherent advantages. The list was drawn up based on the activity of millions of people on LinkedIn. It also took into account eight pillars that advance career progression — in-demand skills, ability to advance; skills growth; company stability; external opportunity; company affinity; gender diversity; educational background and employee presence in the country. It also looked at the in-demand skills, top locations and highest job opportunities at these companies, to help job seekers find their next opportunity.

Wealth firm Fiducient Advisors has announced a pivotal change in leadership.

Jagan Mohan Reddy on Friday urged people to remember the good things that happened to them during YSRCP tenure before casting their vote in the forthcoming elections, and listed out a slew of welfare schemes introduced by his government. The ruling party chief said this during a public meeting in Narasapuram in West Godavari district. «Think under whose tenure good things happened and under whom will that good continue. Everybody should think about it and then vote,» said Reddy. Appealing to those who did not vote for him in the past elections, he requested them to go home and discuss with family members. Terming the forthcoming elections as a 'Kurukshetra' battle, Reddy said they are not just to elect MLAs and MPs but to decide the future of every household in the next five years and the continuation of welfare schemes.

crypto asset market progresses, India finds itself at a pivotal juncture. There’s an opportunity to chart a course that delicately balances innovation in this nascent but super exciting sector, together with risk management, while drawing invaluable insights from the regulatory experiences of other nations. At the recent G20 Summit, India emerged as a leading advocate for standardizing regulatory frameworks for crypto assets on a global scale, championing international collaboration to address the inherently cross-border nature of crypto assets and the imperative to mitigate the macro-financial implications associated with them. Countries worldwide are making significant strides. Markets in Crypto-assets (MiCA), the EU-wide regulation, will come into effect this year. MiCA, once put into action, will have a broad scope of application within the crypto asset ecosystem. Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, enacted the world’s first Digital Assets Law. The UK government, which has a stated goal of being a global leader in Web3, has confirmed plans to regulate crypto assets through formal legislation in 2024 (It has said it intends to bring many crypto asset activities under the same regulations that govern banks and other financial services firms).

Maratha quota protest, reservation for the Dhangar community, and slow progress of the Beed-Ahmednagar railway line, which have cropped up in the past one year, are seen swaying the electorate. Voting in Beed is scheduled on May 13. Last year, an intense agitation for Maratha quota in jobs and education took place in Maharashtra's central district.

Lt Gen R C Tiwari visited the border areas in Sikkim and reviewed the operational preparedness, an official release said. Tiwari, the General Officer Commanding in Chief (GOC-in-C) Eastern Army Command visited the border areas on May 1 and 2 accompanied by GOC Trishakti Corp Lt Gen VPS Kaushik and reviewed the operational preparedness and progress of infrastructure and capability development, it said. The Eastern Army Commander appreciated the officers and troops of the Trishakti Corps for maintaining the highest standard of operational preparedness and efforts towards the development of border areas and nation-building. Interacting with troops at forward locations, he complimented them for their dedication and high standard of professionalism under the most challenging conditions. He exhorted them to continue working with dedication, motivation and enthusiasm.

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

The head of the Bank of Canada says there’s a “limit” to how much Canadian monetary policy can diverge from the United States as market watchers see earlier cuts coming north of the border.

GST collections for 2023-24 underpin the economic momentum and create the groundwork for streamlining a vital piece of fiscal reform. GST is a work in progress with scope for rate rationalisation and extension of coverage. Progress on either front will yield non-linear growth in indirect tax collection.

The College for Financial Planning has introduced a Spanish-language edition of its Financial Paraplanner Qualified Professional designation program, aiming to enhance services for Hispanic investors.