Progressive Financial News

Indian Railways over the past 171 years. Reflecting on this significant milestone, a spokesperson from Central Railway (CR) told TOI, «171 years ago, the inaugural train embarked on its journey from Boribunder amidst a 21-gun salute and resounding applause from the thousands gathered at the station.» Early History and Development

Arvind Kejriwal, who is in Tihar jail, will meet two ministers each week and review the progress of the work in their departments, Aam Aadmi Party (AAP) said. Arrested by the Enforcement Directorate on March 21, Kejriwal is currently in judicial custody. Party's Rajya Sabha member Sandeep Pathak and Punjab chief minister Bhagwant Mann met Kejriwal in Tihar jail on April 15.

San Francisco Federal Reserve Bank President Mary Daly said on Monday there is no urgency to cut U.S. interest rates, with the economy and labor market strong, and inflation still above the Fed's 2% target. «The worst thing to do is act urgently when urgency is not required,» Daly said at the Stanford Institute for Economic Policy Research. Daly is one of 19 U.S. central bankers who set U.S. monetary policy.

DISTILL CEO Neely Tamminga discusses whether the Fed has been restrictive enough to rein in inflation on Making Money.

Samir Seksaria, CFO and Milind Lakkad, CHRO, TCS, in conversation with ET Now. Lakkad says: “We had a meeting of minds and all the vice chancellors and directors of all major institutions in India, all IITs, NITs, IISCs, IIMs – all premium institutions – came and we spent a good day-and-a-half with them. Primary purpose is basically how do we integrate better. This is a journey and more and more integration, more and more backward integration, more and more how do we shift left more so that we get industry ready people quickly.” Seksaria says: “We believe if the macro environment improves and growth comes back, growth being a bigger lever, it will help us accelerate this journey better. Else we are quite happy with where we are exiting Q4.”

₹6,200 crore from ₹4,645 crore in 2023-24 (budget estimate). Similarly, the allocation for the Modified Programme for Development of Semiconductors and display manufacturing ecosystem was more than doubled to ₹6,903 crore for 2024-25 (BE) from ₹3,000 crore in 2023-24 (BE).

Indus Towers, India's leading tower company, could post 8% compound annual growth rate in operating income through FY24-27 if key customer Vodafone Idea (Vi) closes its much-awaited ₹45,000 crore fundraise on schedule and invests in network expansion, analysts said. Cash-strapped Vi said it will open a sale of new shares on April 18 and close on April 22 to raise up to ₹18,000 crore. This will be closely followed by a ₹25,000-crore fundraising via debt. The company has already approved raising ₹2,075 crore from a promoter entity through a preferential share issue. "...we are enthused by progress on the (Vi) fund raise and believe this should drive further upside for Indus Towers," Citi Research said in a recent report.

Mata Vaishno Devi Ji Pracheen Marg Pavitra Chhari Yatra' at holy Kol Kandoli Temple in Nagrota here. Sinha paid obeisance at the temple and later flagged off the 'Chhari Yatra' carrying 'holy Jyot', an official spokesperson said. He said the Yatra will pass through the heritage route before reaching Oli Mata temple Bamyal-Chhapanoo. The Lt Governor greeted the devotees and prayed for peace, progress and prosperity of J-K, the spokesperson said.

Western media has been writing opinion pieces on India with a high focus on the 'attack' on opposition by the now Narendra Modi-led government with the rise of Hindu Rashtra. Major Western media houses including The Times and Financial Times have been focusing on reporting the 'dark side of upcoming Lok Sabha polls.' The exhaustive reportage of the Western media of India's Lok Sabha polls sheds light on the arrest of AAP ministers and the freezing of Congress bank accounts among other issues. 'Darker side to Modi's popularity'

Lok Sabha polls in Alappuzha, often referred to as the «Venice of the East,» gained attention as the Congress nominated its general secretary (organisation) K C Venugopal to contest against A M Ariff, the sitting MP from the ruling CPI(M), and the BJP's dynamic leader Sobha Surendran. Like its famous boat racing events, where victory is determined by the pulling powers of the participants, the constituency has a history of swinging in favour of both the CPI(M)-led LDF and the Congress-led UDF, often making it difficult to predict election outcomes. The land of coir, backwaters, beaches, and marine products, the constituency also comprises places that played a significant role in major progressive movements in Kerala. Trying his luck in the constituency that he represented in 2009 and 2014, Venugopal is seeking votes, highlighting the alleged failures of the Narendra Modi-led NDA government in addressing the people's problems.

INDIA bloc has failed to gain much traction as its important allies JD(U) and RLD have walked out. He asserted that India needs greater empowerment for the underprivileged through better education, healthcare, and gender equity. “A cast census might be an exercise to consider.

Stocks that traded heavily or had substantial price changes on Friday: JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise

No woman has appeared more often before the Supreme Court than Lisa Blatt, who'll make her 50th argument this month

Here are 5 inspiring quotes by Dr BR Ambedkar to mark Ambedkar Jayanti: - “I measure the progress of a community by the degree of progress which women have achieved." - “Political tyranny is nothing compared to social tyranny and a reformer who defies society is a more courageous man than a politician who defies Government." - “History shows that where ethics and economics come in conflict, victory is always with economics.

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said Narendra Modi's tenure as prime minister marks India's golden era after independence. Addressing a rally here in support of BJP candidate from Nainital-Udham Singh Nagar Lok Sabha seat Ajay Bhatt, Adityanath attacked the Congress, saying it was at the root of the problems faced by the country but Modi rose to every challenge and resolved the issues. «Prime Minister Narendra Modi's tenure would be viewed as India's golden period post-independence,» he said. «Congress is in deep anguish due to the implementation of the Uniform Civil Code in Uttarakhand, which should actually be embraced. Chief Minister Dhami has taken a commendable step by introducing the Uniform Civil Code», he remarked.

Rajnath Singh on Saturday claimed that corruption increases every time the Congress comes to power and likened the party to the reality show 'Bigg Boss', known for squabbles among participants. Addressing rallies in Chhattisgarh's Dantewada and Kanker districts, he said the Congress would be finished in the state after the Lok Sabha polls and extinct like dinosaurs in the next few years in the country. He also pitched for the 'one nation, one election' idea citing it would save time and resources. «Corruption increases whenever the Congress comes to power. Since Independence, the party has faced charges of corruption whenever it was in power,» said Singh during a rally at Geedam in Dantewada district. Even after being elected to power in Chhattisgarh in 2018, he said, «it committed scams including the one concerning cow dung».

Shah on Saturday accused the DMK of 'hurting' the sentiments of the people by insulting 'Sanatan Dharma' and called upon the people to reject the Dravidian party in the April 19 Lok Sabha election. He said the DMK passed unsavoury remarks on the consecration of the Ram temple in Ayodhya. «The DMK party has hurt the sentiments of people by making insulting remarks on Sanatan Dharma. But on the other hand, the BJP government under Prime Minister Narendra Modi respected everyone and believed in unity,» Shah said at the roadshow in Kanyakumari Lok Sabha constituency in support of the party candidate Pon Radhakrishnan.

Vinay Mohan Kwatra visited Washington, DC, United States, from April 10-12. During his visit, Foreign Secretary Kwatra undertook a detailed review of the progress made towards further consolidating the India-US Comprehensive Global Strategic Partnership, informed the Embassy of India in the US. During his visit to Washington, DC, Foreign Secretary had discussions with his counterparts at the State Department, Deputy Secretary Richard Verma and Deputy Secretary Kurt Campbell, as well as other senior officials, the embassy's press release said. «Delighted to welcome my great friend Indian Foreign Secretary Kwatra back to Washington for discussions on US-India cooperation and the Quad. Our partnership in the Indo-Pacific is closer than ever,» said US Deputy Secretary of State Kurt Campbell in a post on X.

Rashtriya Janata Dal (RJD) supremo Lalu Prasad Yadav, Bihar Chief Minister Nitish Kumar on Friday said his former ally should come clean on what the condition of the state was under the rule of 'Pati-Patni' for 15 years. «What was the situation in Bihar earlier? For 15 years, the state was under the rule of 'pati-patni'. Do you recall the days when no one was able to go out of their house in the evening? We were MPs and ministers at the Centre back in the day. But we had to visit our constituencies on foot due to lack of motorable roads,» Nitish said, in a jibe at the RJD chief and his wife and former CM Rabri Devi. "Yaad kariye inhone kabhi kuch kiya bhi ha? (See if you can remember if they did anything of note)," he said.

Fintech is reshaping monetary interactions, and as India progresses towards a cashless society, it assumes a pivotal role, driving financial inclusion and enabling millions to transition to the formal financial sphere. This surge in fintech adoption has positioned India as a global fintech frontrunner. Its innovative solutions attract global investors, and position the country as a trailblazer in establishing a robust digital public infrastructure (DPI) ecosystem, a pivotal factor in enhancing financial inclusion. The dynamic DPI framework, strengthened by fintech advancements, is projected to inject a windfall of $400 bn into the economy in seven years. With an impressive 87% fintech adoption rate, India ranks No. 1, shattering global averages and bringing financial services to unbanked populations. However, it's important to remember that unchecked growth can be risky. Data breaches and unfair lending practices can undermine consumer trust and financial stability.

Railways has set a new deadline of August 2025 to finish the Sivok-Rangpo Rail Project (SRRP) which will connect Sikkim with the rest of the country through a rail network for the first time, a senior official said on Friday. The project, covering a total length of 44.96 km between Sivok (West Bengal) to Ranpo (Sikkim), has 14 tunnels, 22 bridges (13 major and 9 minor) and five railway stations viz Sivok, Riyang, Teesta Bazar, Melli and Rangpo. At present, trains going towards Guwahati from other parts of the country pass through Sivok railway station which now pave the way for a new rail route to Rangpo in Sikkim via Riyang, Teesta and Melli (all in West Bengal).