2020 Financial News

Indian stock market: This month’s meltdown in India’s smaller stocks is being termed as a buying opportunity by some investors despite the securities regulator’s warnings of a potential bubble. Perceived as key beneficiaries of the South Asian nation’s 8%-plus economic growth, shares of smaller firms are seen staging a comeback after a selloff that’s pushed down the Nifty Smallcap 250 Index almost 10% since Feb. 27.

Indian Army has established a squadron for these heavy-duty choppers at Jodhpur along the western front with Pakistan. The squadron was raised in the presence of Army Aviation’s director general Lt-General Ajay Suri and other officials. According to an officer, the delivery, initially scheduled to begin in February, has been slightly delayed, with the first three Apaches now expected in May. “The delivery was to commence from February, but it has been slightly delayed. The first three Apaches will now come in May,” an officer said in a TOI. Progress in Apache Helicopter Acquisition

By Tim Reid

(Reuters) -Freddie Mac said on Friday it has appointed Michael Hutchins as interim CEO, while the federal government-backed home mortgage company continues to search for a permanent chief.

At the discussion on 'India & Indo-Pacific: Threats and Opportunities', held as part of the India Today Conclave 2024, the Army chief was asked a range of questions in the context of China's growing influence in the region and the future preparedness of the army «if the situation along the LAC escalates». The eastern Ladakh border standoff erupted on May 5, 2020, following a violent clash in the Pangong Lake area.

Sackfield will remain with the firm, shifting his focus to managing his client portfolio and developing the firm's presence in Manchester. He joined Charles Stanley in April 2020 after 12 years at Brown Shipley, where he served as CEO for a decade and client director after that. Senior portfolio manager Peter Sleep leaves 7IM «After 25 years sitting on boards and EXCOs, I have decided that is long enough. I am stepping down as managing director of Charles Stanley Investment Management. I will now focus on advising a small number of clients and may have a bit more time to play some ...

As part of her promotion, she will join MFS' management committee and will succeed current CIO Ted Maloney. Also from January 2025, Maloney will take on the role of CEO, succeeding current CEO and chair Michael Roberge, who in turn will become executive chair. MFS Investment Management promotes CIO to CEO role O'Neill has over 20 years' experience and has been at MFS since 2005, when she joined as an equity research analyst. She was then promoted to director of research for North America in 2016, and has been in her current role since 2020. «Like Ted's transition to CEO, Alison'...

Also Read: Catch Electoral Bonds Data Live updates As soon as the list was published, allegation of Quid pro quo surfaced with opposition parties alleging link between top donor companies and Bharatiya Janata Party (BJP). Congress leader Jairam Ramesh alleged that “immediately after receiving some handouts from the Central government, companies have repaid the favour through electoral bonds." On Thursday, Supreme Court advocate Prashant Bhushan too alleged quid pro quo. He took to microblogging site X to write, “On 11 April 23, Megha Engineering gives 100s Crs in #ElectoralBonds to whom? But within a month it gets a 14,400 cr contract from BJP’s Mah govt! Though SBI has hidden Bond numbers from the info, some of donors & parties match can be guessed.

The number of Americans applying for jobless benefits last week inched up but largely stayed at historically low levels as the labor market continues to thrive despite elevated interest rates

A U.N. report says many countries are bouncing back from the COVID-19 pandemic, but the poorest are not and a significant number are seeing their conditions deteriorate

The £14.2bn trust has repurchased around £353m of its shares in the previous two years and during this time, its board and managers have been «actively considering increasing» the level of buybacks to address the discount. Over the past decade, the trust had repurchased around £1.3bn of its own shares. Scottish Mortgage repurchases Meta after 2020 exit SMT is currently trading on a 14.6% discount, according to data from the Association of Investment Companies, the third highest in the IT Global sector. This means the £1bn total represents 9% of SMT shares, at the current price. ...

Charles C. Kulch, who has been in the crosshairs of state regulators for pumping sales of pricey nontraded real estate investment trusts, last month was barred from selling securities in New Hampshire for allegedly overcharging clients, according to a settlement posted this week on the website of the state’s Bureau of Securities Regulation.

As we wade through tax season anxiously awaiting those final few T5 and T3 slips for 2023 to arrive, we should ensure we’ve taken full advantage of the contribution room available to us in all the various registered plans in order to minimize the amount of taxable investment income we’ll need to report in future years.

government on Thursday moved the Delhi High Court, challenging a foreign arbitration award won by Vedanta against the former's demand for a higher payout from its Rajasthan oil and gas fields. The dispute between the Directorate of Hydrocarbons and Vedanta — Cairn arose due to incorrect cost recovery and non-allocation of common costs that allegedly had a huge «adverse financial implication on the Profit Oil/Gas» payable to the government. As of May 14, 2020 (excluding interest), the government's share of profits dues of the company of $1.66 billion were short paid by $1.16 billion, representing 70% of the total amount due, according to the government.

boomed in America over the past couple of decades, with the rise of shale gas produced by hydraulic fracturing, or fracking, of rocks. Production rose from 37m cubic metres in 2007 to 740m cubic metres in 2020. Comparing bird populations to the locations of new gas wells revealed an average 15% drop in bird numbers when new wells were drilled, probably due to a combination of noise, air pollution and the disturbance of rivers and ponds that many birds rely upon.

Maine will be a key toss-up state in the 2024 presidential election. Maine is only one of two states that splits its electoral votes and the second congressional district has voted twice for Obama then twice for Trump.

By Naveen Thukral

Transformers & Rectifiers India have been a goldmine for investors, as they have been delivering consistent returns with each passing year. The shares, which were trading at a value of ₹6.95 apiece in April 2020, have zoomed 4633% to trade at the current value of ₹330 apiece. Each year since CY20, the stock has yielded returns of over 50%, with CY23 seeing the highest yearly gain at 314%.

Pakistan has a long history of supporting anti-India militant groups, and under the leadership of Prime Minister Narendra Modi, India is more likely than in the past to respond with military force to perceived or real Pakistani provocations," the report says. “Each side’s perception of heightened tensions raises the risk of conflict, with violent unrest in Kashmir or a militant attack in India being potential flashpoints," it adds.

Troubled electric-vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing, according to people familiar with the matter. Fisker, which recently warned that it risked running out of cash this year, hired financial adviser FTI Consulting and the law firm Davis Polk to work on a potential filing, the people said. The car company reported last month that it had $273 million in sales last year and over $1 billion in debt.