2020 Financial News

₹593.35 crore as compared to a net profit of ₹352.75 crore in the same period last year. The outperformance in net profit exceeded the expectations of domestic brokerage firm Motilal Oswal, which had anticipated a net profit of ₹547 crore. Additionally, the company's revenue from operations witnessed 26% growth, reaching ₹8,245 crore in the quarter, up from ₹6,545 crore reported in Q3FY23.

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By Summer Zhen

Donald Trump won the New Hampshire primary on Tuesday, tightening his grip on the Republican presidential nomination and bolstering the likelihood of a rematch later this year against U.S. President Joe Biden.

A look at the day ahead in European and global markets from Ankur Banerjee

A proposed high-speed passenger train between Las Vegas and Southern California has gotten another boost

An Oregon jury has awarded $85 million to nine victims of wildfires that ravaged the state in 2020

Beti Bachao, Beti Padhao (Save the Girl Child, Educate the Girl Child). National Girl Child Day was established by the Ministry of Women and Child Development in 2008. Since then, every year the day has been celebrated across India with a common annual theme.

NEW DELHI : India saw a steep fall in earnings from exports of refined petroleum products in the nine months from April to December 2023 due to declining crude prices, a rise in domestic consumption, and shrinking discounts on Russian oil. According to data from the government’s Niryat portal, exports of chemicals and petroleum products stood at $59.16 billion in April-December 2023, down 12.54% from $67.64 billion in the year-ago period. In April to December 2021, India’s export value of chemicals and petroleum products amounted to $44.28 billion.

New York Yankees have made changes in their jersey this season. The New York Yankees are making a change to their road grays, according to a report by Uni Watch. The traditional white piping around the navy blue letters and numbers, along with the navy blue and white sleeve trim, is being abandoned by the team. This adjustment to the uniform design marks a notable departure from the iconic look that has been synonymous with the New York Yankees over the years.

Airbnb has donated a total of $10 million to more than 120 nonprofits in 44 countries on six continents

Kamala Harris was not Joe Biden's first choice as his running mate because he knew that she was not up to the job. He preferred Michigan Gov. Gretchen Whitmer as his running mate in 2020 but succumbed to public pressure. Veteran Washington journalist Charlie Spiering has made this startling revelation in his book 'Amateur Hour: Kamala Harris in the White House'. He has written in the book that Biden chose Harris days before that year’s virtual Democratic National Convention after promising to select a woman. He also wrote that Biden chose Kamala Harris under pressure from former President Barack Obama.

trans community in Manipur has raised strong objections to the inclusion of only 239 of its members in the state’s final electoral rolls, asserting that this figure significantly underrepresents their actual population. Santa Khurai, a trans activist and secretary of the All Manipur Nupi Manbi (trans-women) Association (AMANA), a prominent trans community organization, emphasized that the adult trans population in the state exceeds 4000. The final electoral rolls, released on Monday by Manipur Chief Electoral Officer Pradeep Kumar Jha, reported a total of 20,26,623 electors, including 10,46,706 females, 9,79,678 males, and only 239 individuals identified as third gender or trans gender. Expressing disbelief at the remarkably low figure, Santa, also a researcher and writer, stated, “We are stunned to see the terribly small number of just 239 third gender voters in the final electoral rolls.” In 2020, during the height of the Covid-19 pandemic, AMANA conducted a survey, distributing support materials to trans community members and identifying 4000 adult members. Santa acknowledged the likelihood that this figure is an underestimate due to many individuals avoiding participation out of fear of social stigma. To rectify this discrepancy, AMANA plans to engage with the state election office to ensure a more accurate representation of the trans community in the electoral rolls.

BENGALURU : Edtech company Byju’s warned about its ability to continue operations after finally posting its financial numbers for fiscal year 2021-22, only to report that its losses had ballooned to ₹8,245 crore from ₹4,564 crore in the year prior. Hurt by continuing losses from operations combined with debt-related risks, Byju’s said in a regulatory filing on Tuesday that a “material uncertainty" existed. “These events and conditions cast significant doubt on the company’s ability to continue as a going concern," the company said in a filing with the ministry of corporate affairs.

foreign investors. Some are most worried by China’s souring relations with Western governments. Others fret about the unprecedented slump in the country’s property market.

SYDNEY (Reuters) — Australian business conditions continued to soften in December as manufacturing and construction lost ground, a survey showed on Tuesday, while price pressures eased markedly in a promising sign for slower inflation.

TORONTO — Global startup accelerator Plug and Play is entering Canada’s fintech market with Visa Canada as a founding sponsor.

A watchdog review into market trading from two former high-ranking Federal Reserve officials criticizes their actions but does not accuse either of doing anything illegal.

The Ontario Securities Commission‘s director of enforcement will be leaving the capital markets watchdog at the end of February after seven years in the job, according to sources who were briefed on his departure.

(Reuters) -Southwest Airlines said on Monday its pilots approved a new labor agreement, which will offer about a 50% pay raise over a five-year period.

MANCHESTER (NEW HAMPSHIRE) : As the last major challenger in Donald Trump's way, Nikki Haley is hoping New Hampshire voters feel so strongly about keeping the former president away from the White House that they turn out to support her in large numbers. “America does not do coronations," Haley said at a VFW hall in Franklin, joined by her daughter and son-in-law. “Let’s show all of the media class and the political class that we’ve got a different plan in mind, and let’s show the country what we can do." It's an uphill battle for the former UN ambassador and South Carolina governor.