2020 Financial News

Manohar Lal Khattar-led Haryana Government has mandated that all students above class-6 will have to learn the value education curriculum under the NEP 2020 which includes readings from the Bhagavad Gita. Financial Express reported that, under the compulsory value education curriculum, students will gain lessons from the lives of Buddha, Vinayak Damodar Savarkar, APJ Abdul Kalam Azad, Chhatrapati Shivaji, Sarojini Naidu, and Eklavya.

Electric-vehicle startups were flying high just a few years ago. Now many are focused on survival. At least 18 EV and battery startups that went public in recent years were at risk of running out of cash by the end of 2024 as of their most recent filings, according to a Wall Street Journal analysis.

The S&P 500 was able to rally but stalled out at a resistance level of around 4,745, which dates back to November 2021 and January 2022. Meanwhile, the index traded above the upper Bollinger band for the fourth day in a row, and the RSI moved above 80.

Activision Blizzard has agreed to pay about $54 million to settle discrimination claims brought by California’s civil rights agency on behalf of women employed by the video game maker

Bryant Gumbel's “Real Sports” airs its final episode on HBO after 29 years this week, and an era in sports journalism ends with it

Adani Group and Icahn Enterprises Inc. have rounded out another remarkable year for activist short seller Hindenburg Research. The US firm kicked off 2023 with allegations of accounting fraud and stock manipulation against Indian billionaire Gautam Adani’s conglomerate that led to a market value erosion of more than $150 billion at one point.

Goldman Sachs Group Inc. plans to ramp up its credit business in India and sees an increasing opportunity to target the nation’s wealthy diaspora as global investors shift their focus from China to what is now the world’s fastest-growing major economy. The investment bank wants to broaden the range of loans it offers through its shadow banking unit, according to Sonjoy Chatterjee, chairman and chief executive officer for Goldman in India.

The government on Friday lifted its ban on the use of sugarcane juice and B-heavy molasses for making ethanol less than a week after it was imposed in an attempt to ensure feedstock sufficiency for sugar. Instead, a cap on such use has been put in place, but the flip-flop seems an acknowledgement of concerns expressed by the industry. Sugar and sugar-based distillers had protested the ban as they risked losses on large investments made in cane-derived ethanol to serve demand boosted by India’s plan to increase its use as an input for biofuel.

Mint in May that the merged entity may have a market capitalization of around ₹70,000 crore. The market cap of NHPC, the largest of the three, which was around ₹44,157.97 crore at the time, has since grown to ₹66,377.59 crore. Replying to a query from Mint, an NHPC spokesperson, however, said on Monday: “There is no concrete proposal under consideration by the management of NHPC for the merger/acquisition of THDC and Neepco with NHPC Ltd." Queries sent to the power ministry, NTPC, Neepco and THDC remained unanswered till press time.

By Clark Mindock

Netflix and Max in the Warner Bros. Discovery streamer's markets. Netflix is set to debut Warrior in February 2024, presenting an opportunity for the series to gain new viewers. In an exclusive report from Deadline, sources suggest that if the show performs well on Netflix, the streaming giant might consider ordering a new season based on an original concept and treatment by Bruce Lee.

US Federal Reserve said that it expects the federal funds rate to be at 4.6% by end 2024 and lower thereafter, down from the earlier forecast of 5.1%. The federal funds rate is the rate at which banks in the US lend money to each other on an overnight basis. The rate currently stands at 5.25-5.5%.

(Reuters) -New York-listed e-commerce giant Coupang plans to buy Farfetch (NYSE:FTCH) Holdings in a deal that will provide the struggling online luxury fashion retailer with $500 million in capital to stay in operation, the companies said in a joint statement.

government on Monday nominated 31 non-official members including Abhiraj Singh Bhal from Urban Company and Kunal Bahl from Snapdeal in the reconstituted National Startup Advisory Council (NSAC). The Department for Promotion of Industry and Internal Trade (DPIIT) had constituted the council in January 2020 to advise the government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.

Aatmanirbhar Bharat Rojgar Yojana (ABRY) have surpassed the target set by the government, as per the response by minister of state for labour and employment Rameswar Teli in Lok Sabha on Monday. “The scheme was intended to benefit a total of 71.80 lakh members and the total registration under the scheme till the last date of registration is 75.11 lakh,” he said. As on December 11, 2023, an amount of Rs 10,050.26 crore has been disbursed to 60.49 lakh beneficiaries through 1.52 lakh establishments, he added. The highest registration under the scheme was in Maharashtra at 1.22 million followed by Tamil Nadu (1.01 million), 0.81 million in Gujarat, 0.61 million in Karnataka and 0.54 million in Haryana. ABRY was launched at the time of Covid with effect from October 1, 2020 to incentivize employers for creation of new employment and restoration of loss of employment during Covid-19 pandemic.

A vehicle used to track longer-dated U.S. government bonds surged into a bull market, as investors seek to end three years of pain on the Federal Reserve’s willingness to consider interest-rate cuts.

What is the “wealth effect,” and why is it important? It is a great question and reminded me of “A Funny Thing Happened on the Way to the Colosseum.“ The hysterical play by Craig Sodaro features a naive Swiss farmer heading for Rome.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Cloud kitchen startup Curefoods has invested Rs 10 crore in restaurant and food discovery platform Hogr on Monday. Bengaluru-based Hogr allows users to discover new restaurants and dishes through personalised recommendations from mutual connections and individuals with similar taste preferences. The platform provides suggestions for dining choices and helps build a broad food network through a recommendation system.

credit cards low—and the credit agencies in the dark. “Afterpay doesn’t report to Equifax," Rodriguez, 31, said. “That was very appealing to me." Consumers are shifting more of their spending to so-called buy now, pay later lenders, a trend that is only accelerating as high interest rates dent budgets and pandemic savings dry up.

The Assets under Management (AUM) of sectoral/thematic funds have increased by 30% to ₹2.18 lakh crore in October 2023 from ₹ 1.68 lakh crore in October 2022.