Progressive Financial News
02.03 / 02:09
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"India has successfully delivered...": Piyush Goyal says protection for Indian farmers, fishermen ensured at WTO MC 13
Piyush Goyal affirmed India's successful navigation through critical issues, safeguarding the interests of the nation's farmers and fishermen, at the 13th World Trade Organisation (WTO) Ministerial Conference. Emphasisng the importance of securing their well-being, Goyal stated, «I think that India has successfully delivered on the issues that were our role and has achieved the outcomes that we expected.» The Union Minister underscored the primary objective of shielding the agricultural and fisheries sectors from any adverse consequences. «Our objective was that our farmers and our fishermen should not face any kind of harm, no crisis should come, and in that, we successfully did not allow any such decision to be taken that would harm any farmer or fishermen,» he added.
02.03 / 02:09
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PM Modi to address Matua belt in Krishnanagar, inaugurate projects on 2nd day of West Bengal visit
Matua belt of Krishnanagar on Saturday, other second day of visit to West Bengal. The Prime Minister will visit Krishnanagar, a seat won by expelled Trinamool Lok Sabha MP Mahua Moitra today. He will inaugurate an array of government projects and lay foundation stone of multiple several projects. Following this, he will hold a public rally and then head towards Bihar.
02.03 / 01:03
01.03 / 19:21
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Fed policy report warns on possible financial sector risks
By Michael S. Derby and Dan Burns
01.03 / 18:51
markets
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Progressive
economy
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Don't expect mortgage fireworks after Bank of Canada interest rate decision
The Bank of Canada’s next rate-setting verdict is just six days away. Wake me up if something happens.
01.03 / 16:09
UPS
Progressive
country
social
The Republicans Are a Party in Search of a Future
It has been more than three decades since Joe Biden passed out in a New York hotel and remained unconscious for several hours. He endured two brain surgeries to repair the silent ravages of twin aneurysms, or ballooning of arteries, one of which had ruptured. After six months of recovery, Mr.
01.03 / 14:17
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Multiple flyover, foot overbridge projects to be completed by March 31: Delhi Economic Survey
traffic congestion and facilitate pedestrian movement, according to the Delhi Economic Survey 2023-24. Finance Minister Atishi presented the Economic Survey in the Delhi Assembly on Friday. According to the survey, three footover bridges that are under construction at Sri Aurobindo Marg at Adchini Village, Hauz Khas Enclave (near Padmini Enclave), Sri Aurobindo Marg at PTS Bus Stop and between newly-built court building and Tis Hazari Court Complex are likely to be completed by March 31 this year, according to the survey. The third phase of the elevated Barapulla corridor project is likely to be completed by December 31 this year.
01.03 / 13:53
Digital
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security
Food
Trade
Fishing
country
World Trade Organization inches toward new agreements on global trade
The World Trade Organization made some progress overnight toward agreements on measures to broaden global trade, with a final deal on agriculture subsidies, overfishing and tariff-free e-commerce hinging on major economies’ willingness to make last-minute concessions, people familiar with the talks said.
01.03 / 04:36
markets
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NOT
Deepak Shenoy likes to buy more when stocks go up and not only on dips: Here's why
Deepak Shenoy, Founder, Capital Mind, says: “We would like to buy more when the stocks go up rather than just on declines. But we are still very positive on a few themes that are very specifically India, because of the infrastructure changes, because of the focus on a lot of Indian local domestic improvements where adding more players in logistics for instance allows us to see the urban and rural consumption divide narrowing down over a period of time because of accessibility, roads, rail, and cargo infrastructure. We are adding a few players. We have very little changes from last time but we have added a couple of special situations. Indian manufacturing space is where we are targeting. From semiconductors to a bunch of players around infrastructures, around domestic manufacturing, auto ancillaries we have added.” I understand you were part of that meeting where the finance minister met the fintechs. What really came out of it, was Paytm top of the heap? Deepak Shenoy: No, we were talking more about the problems faced by the fintech industry in general from a perspective of what could be done to improve the situation. Some of them involve a deeper consultation with the RBI, some of them are issues around how the taxation laws are created, some of them were ideas about new products.
29.02 / 17:35
COST
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Canada’s pharmacare bill has officially been introduced in Parliament
Health Minister Mark Holland has tabled the legislation to create the framework for a national single-payer pharmacare program Thursday afternoon.
29.02 / 17:26
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Kesoram completes Rs 1900cr high-cost debt refinancing to yield 800 basis points interest benefit
Kesoram has completed the refinancing of its nearly Rs 1900 crore high-cost debt, yielding a benefit of almost 800 basis points in interest rates, a senior company official said on Thursday. The company borrowed approximately Rs 1900 crore in March 2021 from a group of investors in Non-Convertible Debentures (NCDs) and Optionally Convertible Debentures (OCDs) at an interest rate of close to 19 per cent. On Thursday, the company announced the redemption of the entire outstanding outstanding NCD amounting to Rs 1487 crore before maturity. OCDs were redeemed earlier, officials said. «We have refinanced the entire debt on our books. We have refinanced about Rs 1500 crore from Tata Capital group and another Rs 350 crore from Hero Finance,» Kesoram's whole-time director & CEO P Radhakrishnan told PTI.
29.02 / 17:03
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El Nino hits foodgrain production in 2023-24 crop year
NEW DELHI : India’s foodgrain production is estimated to be 6.1% lower in the 2023-24 crop year (July-June) because of poor monsoon caused by the El Nino weather phenomenon, potentially adding to inflationary pressures ahead of the general election. Total foodgrain production in 2023-24 is estimated to be 309 million tonnes (mt), according to the second advance estimates issued by the agriculture and farmers’ welfare ministry on Thursday. Foodgrain production in the 2022-23 crop year was pegged at 329.6 mt, as per the government’s final estimates.
29.02 / 11:37
COST
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What's going on at The One, Toronto's troubled $2-billion mega-tower?
The 85-storey tower at one of Toronto’s busiest intersections was launched in 2015 with an original budget of $1.3 billion and a scheduled completion date of Dec. 31, 2022. The One was envisioned as a multifaceted development encompassing 416 condominiums, a 175-room Hyatt hotel operating under the boutique Andaz brand, an array of retail shops and a diverse selection of restaurants. Topping it off, the flagship retail tenant was going to be an Apple store.
29.02 / 08:31
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IND vs ENG: Devdutt Padikkal set for debut as KL Rahul doubtful for 5th Test, says report
Hindustan Times. India is set to lock horns with England in the fifth and last match, starting from 7 March in Dharamsala. "Padikkal will make his debut in Dharamsala.
29.02 / 08:31
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Manufacturing
Mobile
electronic
‘Domestic value addition in electronics manufacturing can reach 30% soon’
Mint. To do this, the industry is seeking a production-linked incentive (PLI) scheme for component manufacturing, even as Vachani believes that contract manufacturers should start looking at how to expand their market share in order to export devices globally. “It’s important to understand that even China’s domestic value addition in manufacturing is around 45%, because even China imports nearly all of its semiconductors for mobile manufacturing.
29.02 / 04:19
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peace
MLAs of Naga dominated constituencies urge Manipur CM to appoint new Tribal Affairs Minister
Naga dominated constituencies have petitioned chief minister N Biren Singh to appoint new Tribal Affairs and Hills Minister in-charge to look after the affairs of tribals and hills efficiently and effectively. In a letter the MLAs stated, “As you are aware of the difficulties faced by the innocent citizens of Manipur due to unrest happening in our state. In this hour of crisis, we would like to appeal to you to kindly look into the matter of the functioning of Tribal Affairs and Hills Department which has been rendered defunct due to absence of the Hon'ble Minister of Tribal Affairs and Hills, Government of Manipur for the last 10(ten) months. It is pertinent to point out that this Department is becoming more crucial in this hour of crisis to look after the needs and development of tribals and hills areas of the state to bring over-all peace and progress in the state. Therefore, we would like to request you to appoint a new Tribal Affairs and Hills Minister in-charge to look after the affairs of tribals and hills efficiently and effectively". There are two ministers from the Kuki community in the council of ministers. While Letpao Haokip is Tribal Affairs and Hills Minister, Nemcha Kipgen is industry minister.
29.02 / 03:03
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President
country
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US hopes QUAD will continue its momentum under India's presidency: White House
QUAD continues the momentum of its past three years under India's presidency in 2024, the White House has said. «The president (Joe Biden) is incredibly proud of the progress QUAD has made over the past three years,» White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on Wednesday. Members of the QUAD — the US, Australia, India and Japan — had held their first summit at the White House in March 2021. «The (QUAD's) anniversary is coming up and we are hoping to continue that momentum in 2024, under India's host year, as you just stated. And, we are talking about not just the United States, obviously, India, Japan and Australia,» Jean-Piere said in response to a question.
28.02 / 21:37
UPS
FIVE
Progressive
Mobile
testing
Features
Call Of Duty: Warzone Mobile: Here’s what we know about release date and more
Call of Duty: Warzone Mobile has been officially announced, with the game scheduled to launch worldwide on March 21, 2024. This news comes after several limited release periods, during which the game underwent beta testing.
28.02 / 20:01
markets
FIVE
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economy
Citigroup
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Soft data bolstering Bank of Canada interest rate cuts in April, some analysts say
Analysts who expect the Bank of Canada’s first interest rate cut in April are rare — but they believe economic data may soon prove there’s enough disinflationary pressure to spur policymakers into action.
28.02 / 16:35
28.02 / 06:01
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