2020 Financial News

EV battery space over the past few months. More so in recent days after the Indian government extended the PLI benefits for additional segments of batteries. The interest in the EV battery segment had also picked up pace after India discovered lithium reserves.

SK Ghosh, Group Chief Economic Advisor, SBI, says “if you look into the data of the US consumer spending and other data, labour markets are saying house prices are now declining in the US. Taking all these factors into account, I believe that possibly the slowdown in the global economy, specifically the US, at a rate which is larger than anticipated by the market would be the possible source of outside risk for the Indian economy.” What is your view on what is happening to the yield rates globally? 10-year yields are coming down from 5% plus to 4.2-4.3% thereabouts. What is the normalised level world should make do with? Do you think 4.2%, 4.3% is the new normal or is it headed lower? As we have said in our report recently, the outlook on the global economy so far is that the US could be spared a major recession and the growth has been very strong. But beyond these headline growth numbers, the US’ real economy numbers do not look so inspiring at this point of time. The payroll numbers have been revised downwards by eight times in nine months. There have also been some recession indicators showing that the US could be possibly on the verge of a significant slowdown. The only thing which is keeping the US economy headline growth strong is currently the excess savings of $1 trillion the US consumers have built up over the years.

India Inc is tapping the low-cost private placement route to raise funds like never before. Fund mobilisation through corporate bonds that are privately placed has hit a record ₹8.97 lakh crore in 2023, with three weeks left in the year.

Hundreds of people have rallied in the Slovak capital against the new government’s plan to close the special prosecutors office that deals with major crimes, including high-profile murders, terrorism and graft

Versatus Labs raises $2.3 million in seed round funding, bringing its valuation to $50 million.

batch of over 20 petitions filed through senior lawyers including Kapil Sibal, Gopal Subramanium, Rajeev Dhavan, Dushyant Dave, and Gopal Sankaranarayanan submitted that the government misused its brute majority in Parliament to issue executive orders and divide the state of Jammu and Kashmir into the Union Territories of Jammu and Kashmir and Ladakh. Earlier in 2020, the petitioners requested the court to transfer the case to a seven-judge Constitution Bench, but the Supreme Court decided against such a move and the five-judge bench kept the matter to itself.

NSA Ajit Doval participated in the 6th NSA-level Meeting of the Colombo Security Conclave on Thursday in Port Louis, Mauritius to give push to steps to stabilise Indian Ocean Region. The Colombo Security Conclave was established in 2020 when India, Sri Lanka and Maldives agreed to expand the scope and membership of their Trilateral Meeting on Maritime Cooperation. Mauritius joined the conclave at the 5th NSA-level meeting of the Conclave on 09-10 March 2022 held in Male, Maldives. Cooperation under the CSC focuses on five pillars of cooperation including maritime safety and security, countering terrorism and radicalization, combating trafficking and transnational organized crime, cyber security and protection of critical infrastructure and humanitarian assistance and disaster relief.

Ram Janambhoomi Trust as saying. "Experienced workers of the VHP and RSS from across the country are being called for this purpose...Everyone is carrying out their duties with full responsibility..." he added. Prime Minister Narendra Modi will be chief guest at the ceremony on January 22, 2024.

An alliance of bond investors representing $5 trillion in assets says its first study of sovereign issuers shows most of their climate pledges lack the necessary ambition.

Merit Financial Advisors, a financial advisory firm based in the Atlanta area, has acquired Atlanta-based ClearBridge Wealth Management, the firms announced Wednesday.

GasBuddy head of petroleum analysis Patrick De Haan says the national gas price average is falling and could hit the cheapest Thanksgiving prices since 2020 on 'Varney & Co.

Stocks finished lower as risk-off seemed to be a theme yesterday, with oil prices slumping below $70. Oil has been a harbinger of all things these days, and the best thing that can happen with oil, at least over the next 6 to 12 months, is to do nothing. Rising oil could stoke more inflation while falling oil suggests global growth is a real concern. Oil above $70 and below $90 would be ideal, but unfortunately, that is not happening.

Singapore’s regulatory body the Monetary Authority of Singapore (MAS)  plans to begin piloting the digital currency “E-CNY” – also known as the digital yuan, in collaboration with China to encourage tourism spending.

Nuvama Wealth Management with a ‘Buy’ rating and a target price of ₹4,110, representing approximately a 27 percent potential upside. Nuvama's strength lies in its multi-product and open-architecture distribution model in the wealth sector. The company has a diverse customer focus, catering to Ultra High Net Worth Individuals (UHNI) through Nuvama Private and High Net Worth Individuals (HNI) and affluent clients through Nuvama Wealth.

Switzerland-based exchange traded product (ETP) firm 21Shares has confirmed its chief operating officer Lucy Reynolds, has left the firm.

Mint. Dressed in blue denims, she looked far younger than 50 years, her current age. As she posed smilingly for photographs, she held the stance of an athlete.

SINGAPORE—Chinese internet titan Alibaba Group Holding once seemed invincible. Now, it is stuck in a slump. The e-commerce giant was a major driver of China’s growing consumer economy as it pioneered online shopping in China.

COP28 is approaching the end of the first week and the kings, presidents and prime ministers have flown off. Now, hundreds of seasoned climate diplomats must get down to the tough job of negotiating a text that everyone can agree on. Adnan Amin, who as chief executive officer of COP28 is one of Sultan Al-Jaber’s most senior lieutenants, said in an interview there are several areas that are likely to test negotiators over the rest of the summit. The tussle over whether the final agreement should commit to a “phase down” or “phase out” fossil fuels is prominent as always and different formulations are currently being shopped.

November’s auto sales figures are splendid. Over 2.85 million vehicles were sold last month, according to data released on Wednesday by the Federation of Automobile Dealers Associations.

a balance between anthropogenic emissions…and removals". Residual, “hard to abate" emissions of greenhouse gases were to be balanced by the withdrawal of carbon dioxide already in the atmosphere. The project at Fujairah aims to show one of the ways in which what went up can come down, and the way of the world be righted.

In the constantly evolving landscape of cryptocurrencies, Bitcoin has recently hit a notable milestone, surging past $44,000 and marking a staggering 160% increase this year.