2020 Financial News

Iran as the country faces a multitude of challenges following a tumultuous period since the last parliamentary elections in 2020. This will be the first elections in Iran since the nationwide anti-government protests of 2022 that were triggered by the death of Mahsa Amini. The previous election in Iran in 2019 were held after major protests.

Advent International on Thursday announced the merger of privately held Cohance Lifescience with listed Suven Pharma to create the 1st private equity led listed contract manufacturing company, making it one the largest largest such home grown CDMO platform Divi’s Lab’s For every 295 shares of Cohance, 11 new shares of Suven will be issued, the companies said in a statement after the Suven board meeting. Suven has been 50% owned by Advent with the remaining with public and institutional shareholders while Cohance is wholly owned by the PE group. Now post merger, Advent will own 66.7% in the combined entity and the public shareholders the rest.

Romance scams were a brutal driver of illicit crypto activity last year, according to blockchain investigators at Chainalysis.

A person who previously pleaded guilty in a welfare misspending case in Mississippi is making new allegations about former Gov. Phil Bryant

BJP, which has consistently failed to win the Chhindwara Lok Sabha seat, the bastion of Congress veteran Kamal Nath in Madhya Pradesh, is making all out efforts this time to bag it, and set the target of inducting 50,000 workers from the rival party ahead of the polls as part of its ambitious plan. Kamal Nath held the Chhindwara Lok Sabha seat as many as nine times and it continues to remain with the family as his son Nakul Nath is currently an MP from there. Speculation was recently rife that the senior Nath may join the Bharatiya Janata Party (BJP) along with his son. However, the 77-old-leader, who was the chief minister of Madhya Pradesh for 15 months till March 2020, dismissed the buzz. Chhindwara has always remained the citadel of Congress. From 1952, the party lost this Lok Sabha seat just once in the 1997 by-election. During the 2019 general elections, the BJP bagged 28 out of 29 in MP, but failed to win Chhindwara. According to BJP leaders, the party is eyeing to achieve its ambitious plan of inducting around 50,000 Congress leaders and workers into its fold in Chhindwara ahead of the Lok Sabha polls that are likely to be held in April-May.

Indian Navy next week when it inducts the aerial marvel, the MH 60R helicopter into its fleet, bolstering the Anti-Submarine Warfare (ASW) capabilities. Defence Minister Rajnath Singh will commission the newly inducted MH 60R Seahawk multi-role helicopter at the INS Garuda here on March 6, Navy officials said. The squadron will be commissioned in the Indian Navy as INAS 334, under the Command of Captain M Abhisheik Ram. The Indian government signed a deal with the United States of America in February 2020, to acquire 24 fourth-generation MH 60R helicopters. Six of them have been delivered to the Indian Navy so far.

Centre has expressed strong concerns about five states not signing MoUs with the education ministry for PM SHRI schools and Punjab not implementing it despite continuing to take funds under the Samagra Shiksha scheme, sources said on Thursday. Odisha, West Bengal, Tamil Nadu, Kerala and Delhi have not yet signed the Memorandum of Understanding (MoU) with the Union Ministry of Education, while 30 states and union territories (UTs) have done so. The scheme targets to upgrade 14,500 schools and is expected to benefit 1.8 million students. It also aims to ensure these schools serve as model institutes and encapsulate the spirit of National Education Policy (NEP) 2020. The government has already selected 6,448 schools from 28 states and UTs for the upgrade in the first round.

By Svea Herbst-Bayliss

Godrej Industries, the Bombay High Court has held the show cause notice issued by the revenue department against the group ‘bad in law’ and has clarified that it was barred by the limitation. In this case, Godrej Industries had challenged the show cause notice issued by the income tax department on May 22, 2022, with the arguments that the notice was issued during the pendency of reassessment proceedings under an earlier notice and, therefore, is illegal.

UK Visas and Immigration information on gov.uk, the UK sponsor licence was a must for people who want to employ someone from outside the UK, including citizens of EU member countries, Iceland, Liechtenstein, Norway and Switzerland who arrived in the UK after December 31, 2020. Education providers, too, needed a sponsor licence to get overseas students and faculty into the UK.

SINGAPORE (Reuters) — Frenetic activity in bitcoin put it on course for its biggest monthly gain in more than three years on Thursday and it is within range of a record high as cash rushing to listed bitcoin funds propels a sweeping rally.

By Tom Westbrook

Donald Trump from appearing on Illinois’ Republican presidential primary ballot because of his role in the attack on the U.S. Capitol on Jan. 6, 2021, but she delayed her ruling from taking effect in light of an expected appeal by the former U.S.

FORT LAUDERDALE: A ship powered by renewable energy, including hydrogen produced onboard, is docked in the southeastern US state of Florida this week as it prepares to finish the last leg of a voyage around the world. The 100-foot catamaran, dubbed the Energy Observer, has logged 63,040 nautical miles without using fossil fuels since it first started sailing in 2017. This particular trip around the world started in 2020. The mission has tested renewable energy — including by using solar panels and advanced sails called "oceanwings" — as a power source in multiple climates off the coasts of Africa, Asia and Antarctica.

Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed bitcoin funds propels a strong rally. The largest cryptocurrency by market capitalisation was firm in Asia morning trade at $62,000, having changed hands at as high as $63,933 overnight. Its monthly gain is more than 45%, the largest since December 2020.

King Charles III launched the legal action after the British government told him in February 2020 that he would no longer be given the "same degree" of publicly-funded protection when in the UK. Harry, the Duke of Sussex, sensationally relocated to North America in 2020 with his wife Meghan Markle, eventually settling in California in the United States, and is no longer classified as a working royal. High Court judge Peter Lane said in a 52-page judgement that the "bespoke process" devised for him by a committee which is under the remit of the interior ministry "was, and is, legally sound".

Investing.com -- The reward for mining Bitcoin could be cut in half as soon as April, analysts at VanEck have said, adding that the event may significantly impact the price of the world's most popular cryptocurrency.

Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle

As Hong Kong moves toward enacting a new national security law, more than three years after Beijing imposed a similar law that all but wiped out dissent and vocal pro-democracy media in the semi-autonomous Chinese city, concerns are spreading among the...

₹2.47 trillion worth of investor assets, and small-cap funds account for ₹2.9 trillion of investor assets. In the last 12 months, mid-cap funds have garnered net inflows to the tune of ₹24,971 crore, while small-cap funds have got net inflows of ₹44,288 crore, according to data from Amfi.

(Updated — February 28, 2024 6:23 AM EST)