2020 Financial News

₹10 lakh crore between FY20-FY23," explained the brokerage. It continues to remain ‘overweight’ on Industrials, Autos, Financials and Pharma and prefers ICICI Bank, Kotak Bank, Bajaj Auto, and Cipla in largecaps, and Delhivery, Equitas, AngelOne, Policy Bazaar, Exide, and Petronet in mid/smallcaps. The Indian equity market has consistently outperformed over the past decade as well as in the last one year.

Delhi Chalo' protest march, authorities have heightened security measures at the city's border areas by deploying multiple layers of barricades, concrete barriers, iron spikes, and container walls. Farmers from Punjab, Haryana, and Uttar Pradesh, with over 200 unions heading, are marching towards Delhi on Tuesday.

MILAN (Reuters) — Investors have cut cash levels and boosted equity allocations as they no longer expect an economic recession for the first time since April 2022, a Bank of America survey showed on Tuesday.

By 12 noon, there were reports of firing tear gas shells at Haryana's Shambhu border. Meanwhile, police in Delhi and neighboring states have deployed various measures to halt the farmers' group from entering the national capital and prevent a repeat of the chaotic situation of 2021, when many in their tractors created a security scare and breached the Red Fort to hoist the Khalistani flag.

Scheme is related to a legislative bailout for two Ohio nuclear power plants.

The great market inflation hedge of the pandemic era is officially over. 

Farmer leaders said there is still a lack of clarity on legal guarantees for the minimum support price (MSP). In 2020, farmers protested against three laws at Delhi borders, leading to their repeal in 2021. These laws were -- The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, and The Essential Commodities (Amendment) Act.

cryptocurrency markets. From late summer to early fall last year, the fund invested $200 million to acquire crypto tokens, half in bitcoin and the other half in ether, the two largest cryptocurrencies, two sources with direct knowledge of the matter told Reuters.

Peter Thiel, is investing once again in bitcoin and ether, sources said, signaling Silicon Valley's renewed interest in cryptocurrency markets. From late summer to early fall last year, the fund invested $200 million to acquire crypto tokens, half in bitcoin and the other half in ether, the two largest cryptocurrencies, two sources with direct knowledge of the matter told Reuters.

Donald Trump urged the Supreme Court to suspend the lower court ruling that he does not have presidential immunity from prosecution, CNN reported on Monday. The report stated that Trump called on the apex court to temporarily block a scathing and unanimous decision from the DC Circuit handed down last week, flatly rejecting his claims of immunity from election subversion charges brought by special counsel Jack Smith.

By Anna Tong and Krystal Hu

By Michael S. Derby

History is littered with financial companies that were undone by one bad bet. Investors are worried that B. Riley Financial will be one of them.

Rakesh Tikait, who was a bit player when the protests for repeal of three agricultural laws began but grew to be the face of protests. There were other big farmer leaders from Punjab such as Balbir Singh Rajewal, Joginder Singh Ugrahan, Darshan Pal and Gurnam Singh Charuni. All of them are missing now when farmers are again heading to Delhi with more demands nearly two years after they forced the government to repeal the farm laws after a protracted siege of Delhi. Now they want a legal guarantee for the minimum support price (MSP) for agricultural produce and implementation of the Swaminathan Committee report, besides many other demands. The umbrella body that leads the protests now is Sanyukt Kisan Morcha (non-political) which includes two large farmer organisations, BKU (Dallewal) led by Jagjit Singh Dallewal and Kisan Mazdoor Morcha led by Sarvan Singh Pandher. It claims support of 17 farm organisations. Pandher and Dallewal from Punjab and Abhimanyu Kohar from Haryana have been the most visible faces of SKM (non-political) ahead of the February 13 Delhi Chalo march. Farmers Protest: Click here for live updates

By Aditya Kalra and Munsif Vengattil

By Martin Coulter

Investing.com-- Oil prices fell in Asian trade on Monday as investors locked in some profits after stellar gains over the prior week, with focus now turning to any more developments in the Israel-Hamas war and cues from key industry reports. 

NEW DELHI : The final report on farm laws by a government-appointed committee will only be ready in a few months, said a member of the panel, as farmers geared up for a protest this week to press long-standing demands over MSP and other farm-related issues. The member who did not wish to be named said the committee that was constituted two years ago to address farmers’ grievances, including on minimum support prices (MSP), is trying to forge a consensus at the earliest. Because of the delay, farmers from Punjab and Haryana are planning to march to Delhi on Tuesday.

foreign direct investment (FDI) from China in Paytm Payments Services Ltd (PPSL), a subsidiary of Paytm parent One97 Communications Ltd, PTI reported citing sources. Paytm Payments Services applied for a licence with the Reserve Bank in November 2020 to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. However, the apex bank rejected PPSL's application in November 2022.

Xiaomi, which has the biggest share in India's smartphone market at 18%, also asks in the letter dated Feb. 6 that India consider offering manufacturing incentives and lowering import tariffs for certain smartphone components. The Chinese company assembles smartphones in India with mostly local components and the rest imported from China and elsewhere.

A new IRS inspector general report says the agency continued to give 19 contractors access to sensitive systems despite failing background reports as recently as last July