2020 Financial News

There’s plenty of money to be made by investing in the green energy transition, and financial professionals who say otherwise aren’t paying attention to the facts, according to Brookfield Asset Management Ltd. chair Mark Carney.

Ava DuVernay’s “Origin” takes a heavyweight work of historical and sociological inquiry and transforms it into a deeply humanistic drama and globe-trotting detective story

The world might see its first trillionaire sooner than you think

By Andrew Goudsward

By David Lawder

Appreciating Apollo’s graph below, comparing recent inflation to multiple bouts of inflation of the late 1960s, 70s, and early 80s is of utmost importance for investors.

HDFC Bank, which is single-handedly responsible for today's market crash, recorded its worst daily performance since May 2020 by falling around 7.9%. Investors in the bluechip lost around Rs 1 lakh crore as the market capitalisation of the Nifty heavyweight fell below Rs 11.75 lakh crore. Following the disappointment in December quarter results, several brokerages have reduced their target prices on the stock which led to the downfall. HDFC Bank's Q3 beat in profit (up 33% YoY to Rs 16,373 crore) was driven mainly by a one-off write-back of Rs 1,500 crore of tax provisions. «While NIM (calculated) at 3.7% was on the mark, it remained flat sequentially on a low base, a contextual disappointment given faster than expected reduction in balance sheet cash and investments. Yields on interest-earning assets stayed flat QoQ despite (i) the drawdown in balance-sheet liquidity and (ii) a reduction of lower-yield wholesale loans in the loan mix. This was the crux of the disappointment,» said Santanu Chakrabarti of BNP Paribas. Also read: HDFC Bank shares at mouth-watering valuation, say contra buyers after $10 billion loss

Donald Trump registered a huge victory with an unprecedented margin. At the Iowa caucuses, Trump established his dominance over the party and its followers as he prepared for a 2020 rematch with incumbent Joe Biden.

Chennai Petroleum, a government-owned refinery company, saw its foreign institutional investor (FII) holdings reach an all-time high of 14.7% in the December quarter (Q3 FY24). In the same quarter of the previous fiscal year, FIIs owned a 4.7% stake in the company. FIIs have been increasing their stake in the firm steadily, but the majority of the increase happened in the most recent quarter.

Business and conservative interest groups hoping to limit the power of regulators believe they have a winner in the Atlantic herring and the boats that sweep the modest fish into their holds by the millions

The Supreme Court has allowed a court order to take effect that could loosen Apple’s grip on its lucrative iPhone app store, and potentially affect billions of dollars in revenue a year

India’s first woman finance minister, Nirmala Sitharaman, will deliver her 6th Budget speech on 1 February 2024. She is the fifth finance minister (FM) since the 1980s to have delivered five consecutive budget speeches (for 2019-20 to 2023-24) and now she will present an interim budget ahead of national elections later this year. Other FMs who delivered five consecutive speeches were Manmohan Singh (1991-92 to 1995-96), Yashwant Sinha (1998-99 to 2002-03), P.

Donald Trump cultivating a deep network of support over three presidential runs. About 7 in 10 Iowans who caucused for Trump on Monday night said they have known all along that they would support a man who has remade the Republican Party through his “Make America Great Again” political movement. Trump was carried to victory by the majority of caucusgoers who say they back it, a sign of his growing influence in a state that denied him a victory eight years ago.

Trump has never been known for flattering his opponents, but in recent months he has come out with even more aggressive language that gives a hint as to what his second term might be like if he returns to the White House. The former president, who is miles ahead of his rivals in the race for the Republican nomination and easily won the Iowa caucuses on Monday, has made very clear that vengeance is a powerful motivating force for him.

One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the company jet. Companies in the S&P 500 spent $65 million for executives to use corporate jets for personal travel in 2022, up about 50% from prepandemic levels three years earlier, a Wall Street Journal analysis found. Early signs suggest the trend continued last year.

markets regulator Sebi has renewed its recognition to AMC Repo Clearing Ltd as a clearing corporation for one year for clearing and settling transactions in repo and reverse repo in debt securities. The regulator has granted renewal of recognition for one year starting from January 17, 2024 till January 16, 2025, according to a notification uploaded on Sebi's website on Tuesday.

₹25 lakh for performance guarantee and ₹10 lakh earnest money deposit were forfeited due to non-submission of ownership or lease documents for the aircraft, a mandatory condition in the tender agreement. Last year, the company moved the Gujarat High Court, stating that it had won the bid but received a show-cause notice for termination due to not executing an agreement for the service. In October 2022, the high court dismissed the petition and noted that the show-cause notice had been issued informing the company about proposed actions due to non-compliance with the agreement conditions.

India Today. ALSO READ: Justin Trudeau sees ‘shift’ in Canada-India ties after Pannun murder allegations: ‘Attacks aren’t going to…' Apart from this, several photos pro-Khalistani graffiti reportedly painted across New Delhi threatening to 'avenge' the death of Khalistani terrorist Hardeep Singh Nijjar surfaced on social media. Earlier on June 2023, Nijjar was killed outside a Gurdwara in Canada's Surrey. According to details, Pannun has been actively exhorting gangsters and young people over social media to stand for Khalistan.

Donald Trump decisively won the Iowa caucuses on Monday with his closest rivals languishing far behind, a crucial victory that reinforces the former president’s grip on his party at the outset of the GOP’s 2024 nomination fight.It was not immediately clear who would emerge as the second-place finisher, Florida Gov. Ron DeSantis or former U.N.

By Nandita Bose

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