2020 Financial News

ANI on Thursday, Irani said that by making menstrual leave a mandate, she does not want women to face discrimination and harassment at the workplace over it. ALSO READ: Five ways to overcome weakness during menstruation She said, "For you to mandate (menstrual leave across all segments) and make it lawfully implemented, people have to report implementation.

Emmanuel Macron will be the Chief Guest come January 26 after the European country accepted India's invitation to be a part of India's Republic Day celebrations, becoming the sixth French leader to attend the event US President Joe Biden reportedly declined India's invitation to be the Republic Day chief guest, citing reasons believed to be influenced by the State of the Union address, his re-election bid, and Washington's increasing focus on the Hamas-Israel conflict. Ties between India and France have grown steadily in recent years. In July, Prime Minister Narendra Modi participated in the Bastille Day parade as the guest of honour during the French National Day celebrations.

Pannun reportedly called himself the spokesperson of the Kashmir-Khalistan Referendum Front and said the recent ambush on Indian soldiers was a "consequence of India’s violence against Kashmiris". Three soldiers were killed and three other were injured after an Army vehicle was attacked by terrorists in the Poonch district of Jammu and Kashmir, news agency PTI had reported on Thursday. The report added that top Intelligence sources said Pannun’s declaration clarifies his association with designated terror groups of Pakistan who killed Indian soldiers.

COVID LIVE UPDATES A report by Moneycontrol mentioned that the Serum Institute of India (SII) currently offers a vaccine against the XBB1 variant of Covid-19, which is "similar" to the JN.1 variant. The spokesperson told the business website that SII would share the documents with the public once they are submitted to the regulators. Mint could not officially verify the report.

Rudy Giuliani filed for bankruptcy on Thursday, just days after he was ordered to pay $148 million to two former Georgia election workers he falsely accused of fraud as he worked to overturn Donald Trump’s 2020 presidential election loss.Guiliani, who was known as “America’s mayor” for his leadership of New York after the Sept. 11, 2001, attacks, faces a crush of debts stemming from his work on former President Trump’s behalf.

Yes Bank co-founder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank. He, however, would not walk out of jail at present as he has not been granted bail in a related case registered by the Central Bureau of Investigation. Kapoor, 65, former MD and CEO of the private bank, was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) in March 2020.

“We continue to champion the key theme of old economy sectors, which we believe will drive the market for at least the next two years," says Anirudh Garg, Partner & Fund Manager, INVasset, PMS In an interview with ETMarkets, Garg said: “The theme includes sectors like railways, defence, infrastructure, power, capital goods, and PSU banks,” Edited excerpts: Sensex touched 70K while Nifty50 was above 21K — we got a Fed boost towards the close of the week. What is your view on the market? Our stance remains firm on the ongoing secular bull market. Reflecting on our previous conversation, we highlighted the potential for market corrections down to the 200-day moving average, a scenario exemplified by the Sensex’s dip to 63k on October 26th.

government’s policies to promote domestic manufacturing and create an ecosystem for indigenous defence procurement as well as green energy have helped energise shares of public sector undertakings (PSUs). A rush to own PSU stocks that have reported earnings growth above the benchmark index growth has resulted in their rerating. The share of government-owned companies in India’s total market capitalisation rose to nearly 10% in November from a low of 5% in 2020.

RBI) foreign exchange reserves has dropped into negative territory after three years while the central bank seeks to balance the need for headline external buffers with liquidity drainage in a cash-strapped banking system. The RBI's net outstanding forward book — it represents proprietary dollar sales or purchases for a future date — turned negative in October. Mint Road is obligated to sell $14.6 billion dollars, latest data showed.

Byju’s founder Byju Raveendran to ensure full transparency about company financials and the latest state of affairs at the edtech firm at its annual general meeting, according to people present at the meeting. Investors made it clear that full clarity on what is going on in the company needed to be communicated to the shareholders and only with this transparency, trust could be built for them to support the firm in any manner going forward, according to an investor.

New York City Mayor Rudy Giulion Thursday filed for bankruptcy in New York's southern district court, CNN reported. This comes just days after a jury ordered him to pay nearly USD 150 million to two former Georgia election workers for defamation.

A former Wells Fargo Advisor broker in Salt Lake City was barred from the securities industry yesterday for not turning over information and documents that the Financial Industry Regulatory Authority Inc. wanted in its investigation of the broker, Louis Goff.

New York’s attorney general has filed suit against SiriusXM, accusing the satellite radio service of making it intentionally difficult for its customers to cancel their subscriptions

Toyota Motor Co. said Wednesday it is recalling 1 million vehicles over a defect that could cause airbags not to deploy, increasing the risk of injury

The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates

The White House says President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan’s Nippon Steel

bail to Yes Bank cofounder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank. He, however, would not walk out of jail at present as he has not been granted bail in a related case registered by the Central Bureau of Investigation. Kapoor, 65, former MD and CEO of the private bank, was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) in March 2020.

A rapid test importer landed an estimated $2 billion in federal contracts in 2021 and 2022, despite giving regulators incomplete data about its product’s accuracy, Global News has found.

IPL auctions are all about selecting new players to represent a specific franchise, and the event in Dubai on December 19 was no exception. All the ten teams spent a jaw-dropping ₹230.45 crore, with 72 players being selected. Mitchell Starc and Pat Cummins earned a combined sum of over ₹45 crore of the total while several uncapped Indians made big splashes.

₹675 crore for the development of the Bhogapuram airport near Vishakhapatnam, it said on Thursday. This investment commitment follows a definitive agreement between GMR Airports Ltd (GAL), a subsidiary of GMR Airports Infrastructure Ltd, and NIIF. The deal involves an investment in GMR Visakhapatnam International Airport Ltd (GVIAL), a special purpose entity created to develop and manage the Bhogapuram International Airport.

The rally in US stocks is showing signs of fatigue, and investors should be ready to buy into any declines, according to Citigroup Inc. strategists.