2020 Financial News

The Anti-Corruption and Civil Rights Commission has revealed that South Korean lawmakers engaged in crypto trading, totaling a staggering 125.6 billion won ($97.6 million) over the past three years.

By Sudarshan Varadhan

By Joey Roulette and Steve Gorman

US presidential primary election, according to Reuters reports. With this, it has become the second state to bar the former president for his role in the January 6, 2021 attack on the Capitol.

Sensex ended 371.95 points, or 0.52%, higher at 72,410.38, while the Nifty 50 gained 123.95 points, or 0.57%, to close at 21,778.70, on December 28. “Markets have been gaining for five consecutive trading sessions on the back of optimism over expected growth next year. Global markets too were supportive as investors hoped for an early rate cut in 2024.

Alex Garland upcoming action epic "Civil War’’, depicting a near-future United States in turmoil, actually runs for a confirmed 109 minutes, not the inaccurately listed 3 hours and 15 minutes. A24 has clarified this to Variety. Kirsten Dunst, Wagner Moura, Cailee Spaeny, Stephen McKinley Henderson, Sonoya Mizuno, Jesse Plemons, and Nick Offerman lead the cast in a film immersing audiences in the intensity of a fresh American civil conflict. The trailer picks with glimpses of widespread destruction and news announcements declaring the secession of «19 states.”

Why do we need a pan-India retail policy? India’s offline retail market was estimated at $860 billion in 2022; it is expected to nearly double by the end of the current decade. Online retail, on the other hand, is a $70-billion market and is expected to grow at a rapid pace, according to a 2023 report by consulting firm Deloitte. However, the sector lacks a cohesive policy that governs retail trade pan-India.

The year 2023 can be marked as notably successful for gold, boasting a return rate of just over 14%.

Also Read: Apple shares climb 0.7%, registering an intra-day record high of $199.62 The Nasdaq jumped 32 per cent in the first six months of the year, driven by Apple’s rally and chip major Nvidia’s boom, marking its best first half in the past 40 years. However, the tech stock’s price rally has continued ever since, helping the largest players in the market to add trillions of dollars to their stock values. According to YCharts data released by Stocklytics.com, the combined stock value of Apple, Microsoft, Alphabet, Amazon and Meta, the world’s five largest tech companies, amounted to $6.17 trillion in December last year.

Elon Musk vehemently criticized recent media coverage surrounding an incident involving a factory robot at a Tesla facility in Austin. Musk's response was prompted by reports resurfacing about a 2021 incident where an engineer was allegedly injured by a Kuka robot arm during software updates. Musk lambasted the media for linking this incident to Tesla's humanoid Optimus robots, stressing that the coverage misrepresented the nature of the accident. The incident, previously covered by outlets like the Daily Mail and The Information, detailed how an engineer working on software updates became ensnared by a factory robot, resulting in injuries. Witnesses reported the engineer being pinned and bleeding until another worker intervened by activating the emergency stop button.

Ariana Grande announced that she will release a new album in 2024. The two-time Grammy award winner teased the future full-length album on her Instagram page. It will be her seventh studio album and first since 2020's 'Positions.' «See you next year,» she wrote in the caption of the Instagram post, which included images in a studio and in front of a mixing board, and a video where someone off screen tells her it is «almost the last day of this album.» Grande responds, «I'm so tired,» and laughs.

Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators. For each indicator, the value in each month is assigned a colour-coding (red, amber and green) to denote where it lies relative to the five-year average (worse, in line, or better).

In a striking move that underscores the growing clout of cryptocurrencies, Bitcoin has surged to an impressive $43,545, marking a 2.77 percent increase on Thursday. This notable ascent further cements its position as a dominant player in the digital currency market. In a parallel development, business intelligence firm MicroStrategy’s strategic Bitcoin acquisition has propelled its holdings to a staggering value exceeding $8 billion, highlighting the increasing institutional interest in Bitcoin.

Jairam Ramesh on Thursday alleged that the government is trying to cover up the worst territorial setback in six decades against the country and Chinese troops have been denying Indian patrols access to the strategic Depsang Plains, Demchok, and other areas in eastern Ladakh since May 2020. Ramesh on X cited a post by Ladakh-based politician Konchok Stanzin, who said a landmark at the site of the legendary Rezang La battle of the 1962 Sino-India conflict in Ladakh was dismantled by the Army as part of the disengagement process with China.

₹3.5 in December 2020 to currently trade around ₹210. This implies that an investment of ₹10,000 in this penny stock in December 2020 would have turned into ₹6 lakh this year. Meanwhile, it has also given exceptional returns – skyrocketing 889 percent – in the last one year and gained 797 percent in 2023 YTD.

They say that the rising tide lifts all boats. Amid the ongoing bull run, equity mutual funds jumped in their valuations, so much so that the industry’s overall asset size went higher by nearly 23 percent this calendar year until Nov 30.

Priyanka Gandhi's name in the money laundering case linked to NRI businessman CC Thampi. ED had named her husband Robert Vadra in earlier charge sheets related to the case. In its statement, ED said, “Former Congress president Sonia Gandhi’s son-in-law Robert Vadra and daughter Priyanka Gandhi Vadra bought land in Haryana through a Delhi-based real estate agent who also sold land to NRI businessman CC Thampi." ED further alleged Vadra and Thampi have a “long and thick" relationship that extends to “common and business interests".

Foreign funds have poured money into government bonds at a tearing pace over the past few months, with their investments in the fully accessible category more than doubling in a year to ₹1.28 lakh crore by December as global index inclusion and a softer tone from the US Fed burnish the appeal of Indian debt. The influx of foreign money after a three-year hiatus has kept local sovereign bond yields — and therefore corporate borrowing costs — anchored amid a volatile inflation environment and a tight liquidity stance by the Reserve Bank of India (RBI). The indicative value of aggregate holdings of foreign portfolio investors (FPIs) in government bonds under the 'fully accessible route' (FAR) was at ₹1.28 lakh crore as on December 26, versus ₹61,260 crore as on December 30, 2022, latest data released by the Clearing Corporation of India (CCIL) showed. The FAR category was introduced by the RBI in 2020. «As we've seen in other jurisdictions also, a lot of money actually comes in before the index weighting starts to take effect.

By Ankur Banerjee

By Jonathan Stempel

Multiplayer games offer a very enjoyable gaming experience where one can play the games with their friends, deviating from the single-player games. Multiplayer games give a healthy dose of adrenaline rush and allow players to strategize, bringing out the more competitive side in players.