2020 Financial News

bail plea of Sharjeel Imam. The court also granted time to Delhi Police to file clarification of MHA guidelines in connection to the release of accused on bail in the Unlawful Activities (Prevention) Act (UAPA) along with other offences. Additional Sessions Judge (ASJ) Amitabh Rawat on Saturday reserved the order for December 21.

information by public under section 69A of the Information Technology (IT) Act, 2000 which provides power to government to issue such directions if it is necessary or expedient to do so in the interest of sovereignty and integrity, defence of India, security of the State, friendly relations with foreign States or public order or for inciting cognizable offence relating to above." The data, shared by Chandrasekhar, revealed figures related to the blocking of URLs by the government since 2018. The data for 2023 was recorded till October.

Now You See Me 3, the highly awaited magical heist film, gears up for its release. Delve into the intricacies of the film's development, cast details, and tantalizing hints about the storyline that promise a captivating cinematic experience.

World Trade Organisation (WTO) data. WTO is an intergovernmental organisation that regulates and facilitates international trade. India has been a member of WTO since 1995.

JPMorgan Chase & Co. strategists forecast a rise in the Cboe Volatility Index (VIX) in 2024, marking a climb from its lowest point since pre-pandemic levels experienced this year. The extent of this increase, they suggest, hinges upon the economic vigour during the year ahead.

automatic train protection (ATP) system, Kavach, has so far been deployed on 1465 route km and 139 locomotives (including Electric Multiple Unit rakes) on South Central Railway sections, as per a government release. The sections include Lingamapalli — Vikarabad — Wadi and Vikarabad — Bidar section (265 Rkm), Manmad-Mudkhed-Dhone-Guntkal section (959Rkm) and Bidar-Parbhsection (241Rkm). As per the release, presently Kavach tenders have been awarded for the Delhi — Mumbai and Delhi — Howrah corridors (approximately 3000 Route km) and work is in progress on these routes. Indian Railways has also taken up preparatory works, including a survey, Detailed Project Report (DPR) and preparation of detailed estimate on another 6000 RKm, the release mentioned. Presently, three Indian OEMs are approved for Kavach. Efforts are being made to develop more OEMs to enhance the capacity and scale up the implementation of Kavach. Kavach is an indigenously developed Automatic Train Protection (ATP) system.

Vedanta Resources, the London-based parent of India's oil-to-metals conglomerate Vedanta, is close to finalizing a $1.25 billion loan availed jointly from Standard Chartered Bank and Cerberus Capital Management that could help it avert a default on bonds due in January, said people aware of the matter. Standard Chartered Bank will underwrite $950 million of the $1.25 billion financing while New York-based Cerberus Capital will cover the remaining $300 million, the people said requesting anonymity. Other credit investors could join as Standard Chartered Bank is expected to distribute or «sell down» its share of the loan, they added. The loan could have a tenor of about three years with interest rate in the 'high teens', the people said. Standard Chartered Bank is in talks with Davidson Kempner, Ares Management and Varde Partners to distribute a portion of its $950 million loan commitment. Vedanta Resources confirmed to ET that it was close to finalising the financing arrangement. «We are in the process of finalising the raising of $1.25 billion for the purposes of refinancing and managing our upcoming maturities,» said a spokesperson for Vedanta Resources.

GMR Airports Infrastructure Ltd witnessed a significant shake-up in its shareholding pattern on Friday. Rajiv Jain-led US-based boutique investment manager, acquired a 4.68% stake (282.8 million shares) in the company for ₹1,671.55 crore via a block deal on the exchange. The average price per share was ₹59.09.

MUMBAI : The Nifty and Sensex scaled fresh record highs, driven by FPI buying, as RBI’s rate setting committee kept the repo rate unchanged but raised the economic growth forecast by 50 basis points to 7% from FY24. However, analysts remain divided on the near-term market prospects, with the Fed meeting next week being the only immediate trigger. The Nifty logged the longest winning streak in three years this Friday, hitting a fresh record of 21,006.10 while the Sensex surged to an all-time high of 69,893.80, falling shy of the 70,000 mark by just 106 points as FPIs net purchased shares worth a provisional ₹3,632.30 crore.

debt of developing countries surged to 29% of GDP in 2021 from 19% in 2010. As the debt level rose, the profile of external public debt also changed. Paris falling The share of multilateral institutions and the Paris Club, which was 83% of the total external debt of 73 countries — the debt servicing of which was suspended in 2020 under the G20 Debt Service Suspension Initiative (DSSI) in 2006 — fell precipitously to 58% in 2020. China rising The share of other official and private creditors — the non-Paris Club members, including China, India and Saudi Arabia — rose sharply to 42% in 2020 from 17% in 2006.

Warner Bros. recently disclosed the impending conclusion of Tomorrowverse, marking the end of a short-lived yet impactful animated movie series. Launched in 2020 with Superman: Man of Tomorrow, Tomorrowverse took over the narrative from the prior DC Animated Movie Universe canon. Over the past four years, it introduced seven movies, including adaptations featuring iconic characters like Batman and Supergirl. However, the Tomorrowverse is set to culminate with the release of Justice League: Crisis on Infinite Earths, a trilogy finale arriving in 2024. This three-part adaptation aims to intricately wrap up the storyline constructed across seven films, signaling the closure of Tomorrowverse's concise yet eventful journey.

(Reuters) — Activist investor Elliott Investment Management said on Friday that the exit of Crown Castle (NYSE:CCI) CEO Jay Brown, who will be leaving in January, was a step in the «right direction» but more changes were needed at the wireless tower owner.

Prince Harry faced a setback in his legal battle against the publisher of the Daily Mail tabloid regarding an article alleging his attempts to conceal efforts for publicly funded protection after relinquishing his royal family working status. London's High Court ruled against Harry's attempt to dismiss Associated Newspaper Ltd.’s defense, which claimed the article expressed an honest opinion. Justice Matthew Nicklin indicated the possibility of the defendant's success at trial, scheduling a hearing to discuss the ruling's implications. The recent decision follows hearings over the government's decision to remove Harry's security detail after his relocation to the U.S. in 2020. The Duke of Sussex, challenging the government's stance on providing security during his visits to Britain, cited concerns about social media hostility and media intrusion endangering his and his family's safety.

Vladimir Putin, who has been governing the nation since the turn of the century has said that he will run for the post in the 2024 polls. Vladimir Putin was shown by state media saying he would run for a new six-year presidential term in 2024. Putin was answering a question on the subject from Artyom Zhoga, a military officer.

BENGALURU : The executive who headed Wipro Ltd’s large deals team has resigned, dealing another blow to chief executive Thierry Delaporte who has struggled to retain top leaders and turn around the software services company since he took over in July 2020. Cincinnati, Obhi-based Stephanie Traumtan, who was recruited from Accenture Plc. as Wipro’s chief growth officer nearly three years ago, was among the most high-profile executives hired by Delaporte.

OSIRIS-REx . The probe will drop its cargo off en route to another asteroid, Apophis, at which it is due to arrive in 2029. Astronomers take a great interest in asteroids.

LONDON (Reuters) — Cash funds saw a mammoth $93.2 billion of inflows in the week to Wednesday, Bank of America Global Research strategists said in a report, the largest inflow since March 2023, as high yields on short-dated debt continue to attract investors.

RAYONG, Thailand—Ever since Nissan Motors started building cars in Thailand in the early 1960s, Japanese companies have been a driving force in the country’s rise as an auto manufacturing powerhouse. Now, Chinese competitors are moving in to bring it into the electric age. On the outskirts of Thailand’s carmaking capital, Rayong, not far from the industrial zones home to Japanese auto plants, China’s largest electric-vehicle maker, BYD, is developing what industry experts believe will be Thailand’s biggest car plant.

An Indiana county judge has ruled that a contested state law that stipulates candidates for a party must vote in two primaries with the party they are affiliated with is unconstitutional

Madhabi Puri Buch on Friday said the capital markets regulator deeply regrets the failure to de-freeze the shares held by members of the Kirloskar family in Kirloskar Industries Ltd (KIL) despite the SAT's directive. «I think what happened in terms of delay in de-freezing accounts was unacceptable. Whatever have been the cause and root cause, communications with the depository etc., Sebi was responsible, Sebi was accountable, we deeply regret what happened,» Buch told reporters at the sidelines of the CII Global Economic Policy Forum here.

US President Joe Biden's son, Hunter, accusing him of failing to pay $1.4 million in taxes while spending millions of dollars on a lavish lifestyle. Hunter Biden, 53, was hit with three felony and six misdemeanor tax offenses, according to an indictment filed in U.S. District Court, Central District of California.