2020 Financial News

Jharkhand Mukti Morcha chief Shibu Soren by the Lokpal on the basis of a complaint by BJP MP Nishikant Dubey. Justice Subramonium Prasad said the former Jharkhand chief minister's petition challenging the Lokpal proceedings as well as the complaint was «premature».

Shri Ram Janmabhoomi Teerth Kshetra Trust and help in renovation/repair of Ayodhya Ram Mandir. This donation made to the Ayodhya Ram Mandir Trust will also make an individual eligible for tax deduction under section 80G of the Income-tax Act, 1961, provided he/she chooses the old tax regime.

The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.”

Wipro Ltd, sub-contractor expenses as a percentage of revenue in the December quarter dipped to below or near levels that prevailed before the outbreak. At TCS, HCL Technologies, and Wipro, sub-contractor expenses accounted for 6.14%, 13.12%, and 11.61% of revenue in the third quarter, falling below 7.75%, 13.4%, and 14.49% they reported in the January-March period of 2020. At Infosys, these expenses were a tad higher at 7.89% at the end of December, against 7.32% in the March quarter of FY20.

NARCL), has made a ₹270 crore offer for Pink City Expressway Private Limited (PCEPL), the company which was formed to build, operate and maintain the six-lane Gurugram-Kotputli-Jaipur section of the Delhi-Jaipur highway. PCEPL has ₹1,761 crore of outstanding loans and another ₹30 crore of bank guarantees, according to rating agency Care, which means lenders can recover about 15% of their claims from NARCL. The bad bank acquires loans by paying 15% of the amount in cash and the rest in security receipts (SRs), which are to be matched with recovery over time. These SRs are guaranteed by the government, valid for five years, to be invoked by banks in case of resolution or liquidation of the bad loan. «The PCEPL offer was finalised last week after NARCL completed all its financial and legal due diligence.

By Steve Holland

By Gram Slattery and James Oliphant

Ava DuVernay, offers a profound journey into the exploration and revelation behind Isabel Wilkerson's influential book, «Caste: The Origins of Our Discontents.» Unraveling the streaming details, let's delve into where and when you can catch «Origin.»

Japan has landed a spacecraft on the moon, an attempt at the world’s first “pinpoint lunar landing.”

Layoffs are hitting the world of retail especially hard this week

Pran Pratishtha ceremony of the Ram Temple in Ayodhya, Shri Ram Janmabhoomi Teerth Kshetra Trust released breath-taking images of the newly built temple. The temple trust shared the inside pictures of the mandir on its official X handle. Shri Ram Janmabhoomi Teerth Kshetra is a trust set up for the construction and management of Ram Mandir in Ayodhya by the government in February 2020. With just two days left for the mega event in Ayodhya, the whole country is eagerly waiting for the inauguration ceremony of the Ram Temple. The idol of Ram Lalla was placed in the 'Garbha Griha' of the Ram Temple on Friday amid joyous chants of 'Jai Shri Ram.' Prime Minister Narendra Modi will perform rituals to mark the 'Pran Pratishtha' while a team of priests, led by Lakshmikant Dixit, will lead the main rituals.

Concord: Former South Carolina Governor Nikki Haley was set to campaign across New Hampshire this weekend in a final push against Republican rival Donald Trump ahead of Tuesday's nominating contest, as the former US president ramped up his verbal attacks and again targeted her Indian heritage.

Olympic medal hopes from badminton have always been resting on the shoulders of its women players. They were, expectedly, realised too. Saina Nehwal brought home the first one in 2012 and Sindhu two, in 2016 and 2020 respectively.

Ayodhya and the construction of the temple. A pran pratishtha ceremony will be held at the Ram Mandir in Ayodhya on Monday, culminating more than 70 years of struggle between the Hindu and Muslim sides which had started after an incident in 1949 and settled with a Supreme Court verdict in 2019. KK Nayar, an ICS officer from the British times, was the district collector of Faizabad, which included Ayodhya, in 1949, while former principal secretary to the prime minister Nripendra Mishra heads the committee under which the temple is being constructed. When Nayar defied Nehru Kadangalathil Karunakaran Nayar, or KK Nayar, was the district collector of Faizabad when the idols were placed inside the Babri Masjid in 1949. Ayodhya was part of the Faizabad district. Despite then prime minister Jawaharlal Nehru's order to remove the idols from the mosque, Nayar refused to act and this began the litigation by Hindus and Muslims over the Ram Janmabhoomi. The booklet that comes with the invitation card to the Pran Pratishtha ceremony at the Ram Mandir on January 22 includes a profile of Nayar among those who contributed to the Ram Janmabhoomi movement in different ways, as per a TimesNow report. Born at Alleppey in Kerala, Nayar studied at Sanatana Dharma Vidyashala, Alleppey, and went on to study at University College, London, after which he joined the Indian Civil Service.

By Zaheer Kachwala

By Gram Slattery and James Oliphant

CBSE) will conduct the first exams in the latest format from 2025, except for the one instance in 2021 when the exam was split into two due to Covid-19. The new system of twice-a-year board exams for Class X and XII will not be compulsory, according to the official as quoted by TOI. “The system aims to reduce stress on students who fear missing out on a single opportunity. If a candidate is prepared and is satisfied with the score in one set of exams, he can choose not to appear for the next exam,” he said. In 2023, a total of 38.82 lakh candidates appeared for Class X (21.86 lakh) and XII (16.96 lakh) CBSE boards.

Ayodhya Ram Mandir News Live updates The Central Consumer Protection Authority (CCPA), headed by Chief Commissioner Rohit Kumar Singh, has initiated action against Amazon Seller Services. The authority said it has been observed that various sweets/food products are available for sale on the Amazon e-commerce platform (www.amazon.in) claiming it to be "Shri Ram Mandir Ayodhya Prasad".

₹2,500 crore, or ₹500 crore per year, two persons close to the development told Mint. For the same rights, the company had earlier paid ₹350 crore per year. The Board of Control for Cricket in India (BCCI), which is the organiser for the event, had invited bids in December to seek title sponsors for the event.

Brookfield Asset Management Ltd. is in talks to invest in Dubai-based GEMS Education, one of the world’s largest private school operators, people familiar with the matter said.

Wayfair is laying off 13% of its employees, weeks after the company’s chief executive sent a memo asking them to work harder. On Friday the online retailer said it would lay off around 1,650 employees. Wayfair, which primarily sells furniture and other home goods, has done several rounds of large layoffs in recent years as pandemic furniture buying has cooled.