2020 Financial News

05.01 / 13:03

markets Moderna Coronavirus pandemic 2020 Vaccines Short sellers ended 2023 with $195B in losses

Regional banks and vaccine makers were among the few bright spots for short sellers in 2023, as the stock market’s big rally last year delivered the group’s steepest cumulative loss since the depths of the pandemic.

05.01 / 12:20

UPS security hospital 2020 reports Maharashtra: Dawood Ibrahim's ancestral property auctioned for ₹2 crore

₹15,440 was auctioned by the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Authority (SAFEMA) at ₹2 crore on Friday. Notably, this was the smallest plot of the four properties belonging to his family members. These four properties are located at Mumbke village in Khed tehsil of coastal Ratnagiri district in Maharashtra.

05.01 / 12:14

Target Sustainability Enterprise 2020 reports Department guidelines Hat-trick on cards? Dividends from CPSEs may cross ₹50,000 crore this year too: Report

central public sector enterprises (CPSEs) are likely to cross ₹50,000 crore during the current fiscal for the third year in a row. It has already exceeded the Budget Estimate (BE) during the current fiscal year, reported Business Line. However, disinvestment proceeds from CPSEs are likely to remain below the Budget Estimate.

05.01 / 10:53

UPS Analysis Experts show 2020 reports Mutual Funds: Share of top 10 fund houses in total AUM falls below 80 percent: Report

mutual fund (MF) industry, shows an analysis of the quarterly AUM for the past six years, Business Standard reported. These fund houses had an average AUM of ~38.8 trillion in the third quarter (Q3) of 2023-24, which is 79 per cent of the total industry AUM of ~49.2 trillion. The share has come down steadily since Q3 of 2019-2020, when the share stood at 84 per cent.

05.01 / 08:24

UPS show hospital 2020 reports Four ancestral properties of Dawood Ibrahim to be auctioned today; Shiv Sena's Ajay Srivastava among bidders

₹19 lakh. Out of the four properties that have been placed for auction, one is the house where Dawood Ibrahim spent his childhood. All four parcels of agricultural land are located in Mumbake village in Maharashtra's Ratnagiri district.

05.01 / 08:23

markets IPO Platform Mobile Experts band 2020 IBL Finance IPO sets price band at ₹51 apiece: check GMP, key dates, issue details, more

₹51 per share, as per primary market expert. IBL Finance IPO will open for subscription Tuesday, January 9, and will close on Thursday, January 11.

05.01 / 06:35

UPS Manufacturing Trade 2020 reports week Alok Industries shares jump around 16%, up for 3rd time this week; here's why

Alok Industries rallied almost 16 percent in trade on Friday, spiking for the 3rd time this week, after Reliance Industries invested ₹3,300 crore in the company by subscribing to preferential shares. The stock jumped as much as 15.8 percent to its 52-week high of ₹31.45. Before this, it rose 7 percent on January 3 and hit its 20 percent upper circuit on January 2 (when the announcement was made).

05.01 / 05:31

markets UPS economy Trade performer 2020 2024 Markets Moving in Lockstep Threaten to Make for a Trying 2024

Some investors hold that as goes January, so goes the year. The performance so far—with the S&P 500 down 1.7% by Thursday’s close—doesn’t hold out great hope. But the first three trading days of the year offered a useful run-through of three of the ways that inflation and the economy affect your portfolio.

05.01 / 05:24

Mobile 2020 Brookfield to buy American Tower Corp’s India business for $2 bn

Vodafone Idea and will be entitled to receive future payments related to existing ATC India receivables, it said. “Proceeds from the transaction are expected to be used to repay American Tower’s existing indebtedness." The acquisition further diversifies Brookfield’s existing portfolio of about 175,000 towers it acquired from Reliance Industrial Investments in 2020.

05.01 / 05:01

markets Citi Gap Trade band country 2020 China's yuan eases against the dollar on widening yield differential

SHANGHAI (Reuters) — China's yuan eased against the dollar on Friday, as a widening yield spread and balance sheet policy divergences between the U.S. and China remained short-term headwinds for the yuan.

05.01 / 01:43

markets UPS Action Diversity inclusion 2020 Interviews Chip Wilson slams Lululemon’s diversity efforts: ‘You don’t want certain customers’

Lululemon is (again) distancing itself from billionaire founder and former executive Chip Wilson after he made controversial comments about the brand’s inclusion efforts.

04.01 / 20:34

wellness country 2020 Relationships peace NOT India reiterates 'not normal' relationship with China: ‘Unless there is peace in border areas…’

China is “not normal". This comes even as innumerable disengagement talks, diplomatic, and military talks have failed to resolve the issue in Eastern Ladakh- a trouble that has been brewing for over three years now. The Indian and Chinese troops are locked in an over three-and-half-year confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks.

04.01 / 20:29

UPS Bill stage country 2020 Courts The road to enter bankruptcy court is now 7,000 companies long

₹9.3 trillion had been withdrawn over a period before admission, indicating settlements between creditors and businesses. Policymakers expect that fewer cases may be settled before the admission stage, given that the government had in 2020 raised the payment default threshold for initiating IBC proceedings.

04.01 / 18:35

markets Strategy wellness trends Universities performer 2020 Cliff Asness' AQR Absolute Return fund gains 18.5% in 2023, boosted by value picks

Cliff Asness' longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person familiar with the performance.

04.01 / 18:15

markets economy show 2020 reports Department fall Applications for jobless benefits fall again as job market continues to show strength

The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates

04.01 / 17:13

wellness country 2020 Relationships peace NOT Relationship with China not normal: MEA

India on Thursday once again said that its relationship with China is «not normal» and that both sides are engaged in diplomatic and military talks to resolve the pending issues in eastern Ladakh. The Indian and Chinese troops are locked in an over three-and-half-year confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks. «Our position on China is very well known.

04.01 / 16:37

Digital Landmark Action Bitcoin 2020 Courts rights U.S. Appeals Court Approves Seizure of Over $3 Billion in Bitcoin from Silk Road

The U.S. Court of Appeals for the Ninth Circuit has recently concluded a landmark legal process, officially sanctioning the confiscation of 69,370 Bitcoins and other cryptocurrencies from the defunct dark web marketplace Silk Road. This judicial action enforces a previous ruling that acknowledged the U.S. government's rightful claim to these digital assets, which were linked to Silk Road's notorious illegal operations.

04.01 / 14:58

Manufacturing Trade country 2020 reports Department International Support Support for toy manufacturing to continue through import duty and QCO measures

toy manufacturing in the country through import duties and quality control orders. Addressing journalists in New Delhi, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh said the proposal of having a PLI scheme on toys has been put on hold and a third-party audit of the white goods PLI will be conducted. Responding to a query on the decision to put the toy PLI proposal on hold, he said, “Currently we are focused on getting these 14 PLI schemes up and running in a good way.

04.01 / 14:23

Target BLOCK wellness stage 2020 Govt reviews status of commercial, captive coal mines; urges allottees to increase production

coal ministry on Thursday reviewed the status of commercial and captive coal blocks that have already started production as well as those which are expected to commence production. During a high level meeting to review the status of 'producing and expected to produce' captive and commercial coal mines, Additional Secretary at the ministry M Nagaraju also urged the allottees to put in further efforts to achieve the committed coal output target for the current fiscal, an official statement said.

04.01 / 13:27

Platform Compilation Apple NVIDIA 2020 recommendations week Apple hit with second downgrade this week as iPhone sales worries grow

Apple Inc. was already the least-loved big tech stock on Wall Street. Growing concerns over iPhone sales have now triggered a second downgrade this week, cementing analysts’ cautious approach.

04.01 / 13:05

Compilation Apple performer 2020 reports recommendations week Apple faces its second downgrade this week as concerns about iPhone performance intensify: Report

AMFI stock reshuffle: Jio Financial gets large-cap tag, Tata Tech moves to mid-cap; check stock movements in mutual fund “We are concerned about handset inventories," Kumar said in a note, lowering his recommendation for Apple to neutral from overweight after holding a bullish view since March 2020. “Growth rates have peaked for unit sales," Kumar was quoted as saying by Bloomberg.

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