2020 Financial News

Running a small business is an all-consuming task! It takes all your passion, drive, and financial wherewithal to start and grow your business. It is quite natural then that retirement planning might be your last priority. But that is a rookie mistake. As a business owner, you are susceptible to financial uncertainties and while you may have the flexibility to retire later than ordinary working professionals, retirement planning needs serious consideration.

A jury in Oregon has ordered PacifiCorp to pay more than $42 million to 10 victims of devastating wildfires on Labor Day 2020 — the latest verdict in litigation that is expected to see the electric utility on the hook for billions in damages

Canada’s biggest banks are more than twice as exposed to the fossil-fuel business as their European and United States counterparts, according to a report from climate-change think tank InfluenceMap.

Canada and the U.S. is set to spring ahead to daylight saving time (DST) this Sunday.

The Biden administration is hailing the arrest of a California man accused of smuggling illicit air coolants into the United States

Abu Dhabi-based Etihad Airways says it saw a $143 million in profit last year, citing an increase in passengers as fueling the gains

By Jonathan Stempel

₹50,000 in a four-year-old case of kidnapping a UP Jal Nigam project manager. On Tuesday, the court held Dhananjay Singh and his associate Santosh Vikram guilty of kidnapping ‘Namami Gange’ project manager Abhinav Singhal and extortion. Additional Sessions Judge Sharad Kumar Tripathi held Singh and Vikram guilty.

By Gram Slattery and Joseph Ax

Agra Metro was inaugurated virtually by Prime Minister Narendra Modi on Wednesday as Uttar Pradesh Chief Minister Yogi Adityanath and other leaders took the inaugural train ride from the Taj Mahal station to Taj Mahal East station here. Metro services on the 6-km corridor will be available to commuters from Thursday onwards, with stops at Taj Mahal East station, Captain Shubham Gupta station, Fatehabad Road station, Taj Mahal station and Mankameshwar Temple station. The priority corridor inaugurated remotely by the prime minister from Kolkata will have three elevated and three underground stations, according to an official statement. Speaking at the flagging off ceremony at the Taj Mahal station, Adityanath said Agra Metro would provide world-class public transport to locals and tourists visiting the city.

Investing.com -- U.S. stock futures inch higher as markets gear up for Fed Chair Jerome Powell's much-anticipated testimony to lawmakers on Capitol Hill. Bitcoin pares back losses after the world's most popular cryptocurrency touches a new all-time high. A rematch of the 2020 U.S. presidential election seems ever more likely after President Joe Biden and Donald Trump secure major victories in Super Tuesday primary voting.

Donald Trump’s dominance of the primaries on Super Tuesday means the die is cast for a rerun of his 2020 match with President Biden. Hard to believe: The two major parties are marching to nominate perhaps the only candidates who could lose to the other. It’s America’s great presidential unpopularity contest.

Vamsi Gaddam has emerged a pioneer in India's sustainable construction industry, leaving a lasting impression on Visaka Industries Ltd, one of India’s leading construction companies. With a background that traces back to his role as a Management Trainee in 2011, Gaddam swiftly ascended the ranks, culminating in his current position as Joint Managing Director of the 40-year-old, ₹1600 cr.

Joe Biden has warned that a second Donald Trump term would mean a return to «chaos, division and darkness,» CNN reported. He highlighted the progress his administration has made in its first term in office. In a statement, Biden wrote, «Four years ago, I ran because of the existential threat Donald Trump posed to the America we all believe in.» He spoke about the US' progress under his administration on jobs, inflation, prescription drug prices, and gun control.

Investing.com — Bitcoin slumped after hitting an all-time record Tuesday as investors appeared to take some profit on the popular cryptocurrency's record run, though sentiment remains bullish ahead of the all-important halvening event.     

By Stephanie Kelly

NEW DELHI : India’s space regulatory body has opened its first technical centre that it said would aid startups and larger private companies design and plan space missions. The Indian National Space Promotion and Authorization Centre’s (In-Space) facility in Ahmedabad will offer shared infrastructure including for climate simulation, thermal and vacuum environment simulation, and space systems assembly and testing environment.

By Promit Mukherjee

Amidst unprecedented global uncertainties beginning early 2023, the Indian real estate sector not only weathered the storm but has emerged as a beacon of resilience and adaptability during the year. On annual basis, housing prices rose between 10% and 24% across the top 7 cities, primarily due to increased input costs and strong demand.

The ‘bigger is better’ mantra continues to drive the Indian housing market. The FICCI-ANAROCK Consumer Sentiment Survey (H2 2023), unveiled at the FICCI Real Estate Summit in Delhi today, finds that the highest homebuyer demand is now for 3BHKs, with at least 50% respondents picking this size. 38% respondent favour 2BHKs. The demand for 3BHKs stood at 42% in the H2 2022 edition of the survey.

By Brajesh Mishra