2020 Financial News

global capability centers (GCCs) in India established a base in a tier II city as companies sought to tap new talent markets, according to data from CBRE. In addition, GCCs across sizes and maturity levels are expanding and consolidating their footprint in India even as global technology demand remains cautious.

According to a reply submitted before the Rajya Sabha, terrorist-initiated incidents were 41 (till Nov 15) as compared to 125 in 2022, 129 in 2021, 126 in 2020 and 153 in 2019, the year when Article 370 was abrogated. The number of encounters by security forces, including J&K Police, Army and CRPF, stood at 44 in 2023, 117 in 2022, 100 in 2021, 118 in 2020 and 102 in 2019.

FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on 'Varney and Co.'

Boris Johnson faced intense scrutiny over his handling of the early stages of the pandemic in an appearance before the Covid inquiry in London. Johnson insisted that he was not adequately warned about the severity of Covid-19 in early 2020, attributing the lack of urgency to a prevailing sense of complacency within the government. He expressed regret for mistakes made but argued that some errors were unavoidable given the prevailing mindset at the time.

Economic Advisory Council to the PM (EAC-PM) has proposed making the pre-litigation mediation for commercial cases voluntary, similar to civil cases, saying it will reduce the timeline of dispute resolution in such cases by three to five months and lower the legal costs that entrepreneurs have to bear. “Section 12A of the Commercial Courts Act, 2015, must be amended to make pre-litigation mediation for commercial cases voluntary,” Sanjeev Sanyal, member, EAC-PM said in his working paper co-authored with Apurv Kumar Mishra, a consultant at EAC-PM.

Rahul Gandhi's ordinance-tearing act in 2013 and said he has all the "arrogance" of his Gandhi-Nehru lineage without their political acumen and that this episode was the "final nail in the coffin" for the Congress in the Lok Sabha polls the subsequent year, a book on the late president says. "In Pranab, My Father: A Daughter Remembers", Sharmistha Mukherjee says that her father also told her that "maybe politics wasn't Rahul's calling" and his "lack of charisma and political understanding is creating a problem" besides his "frequent disappearing acts". In another related incident Sharmistha Mukherjee says,"In the morning one day Rahul Gandhi came to meet him(Pranab Mukherjee)...as it turned out that Rahul was actually supposed to meet him in the evening...when I mentioned it to my father he sarcastically commented that, if Rahul's office doesn't differentiate between the am and pm, how do they hope to run the PMO one day".

Duqm Port in Oman will be a key focus when Prime Minister Narendra Modi hosts Sultan of Oman Haitham bin Tarik here later this month. This will be Haitham bin Tarik's maiden trip to India since taking over as Oman's Sultan following demise of his predecessor Qaboos bin Said Al Said, who shared close and special bonds with India. Oman will inaugurate two key infrastructure projects in the Duqm Port complex ahead of the Sultan's India trip and facilities for India at the port will figure high on the agenda. Muscat has given facilities to the Indian Navy in Duqm Port to facilitate their presence in the Indian Ocean Region. The port overlooks the Gulf of Oman, the Indian Ocean and the Arabian Sea.

Slovakia’s new government of populist Prime Minister Robert Fico has approved an amendment to the country’s penal code to close the special prosecutor’s office that deals with the most serious crimes and corruption

Sebi has barred two individuals from the securities markets for two years and ordered them to return Rs 82.5 lakh collected from investors through unregistered investment advice services. Also, they have been restrained from associating as directors or key managerial personnel with any listed public company for two years.

Happiest Minds Technologies is one such stock in this regard. The company's shares witnessed an unprecedented rally between December 2020 and September 2021, soaring from ₹313.95 apiece to ₹1,380, delivering a staggering return of 340%. However, the stock has since gone through a fall, falling by approximately 39% to date, reaching ₹840.

Ravi Bishnoi only made his international debut at the start of 2022, but some consistent performances for Team India has seen the 23-year-old rise four spots on the updated rankings to claim the premier position. Ravi Bishnoi was recently named Player of the Series during India's successful 4-1 series triumph over Australia on home soil and has picked up a total of 34 wickets from 21 T20I matches since debuting against the West Indies in February 2022.

India’s personal computer market is projected to close 2023 as one of its dullest years, with shipments of 12-13 million units as against 14.8 million each in 2022 and 2021, according to estimates from International Data Corporation (IDC). Shipments of PCs including laptops were lower at 10.3 million units in 2020, when sales were disrupted by the pandemic.

e-invoice for B2C transactions in the next 2-3 years, an official said on Wednesday. Currently, businesses with a turnover of Rs 5 crore and above are required to generate e-invoice for their Business to Business (B2B) sales and purchases. The government is planning to extend the e-invoice requirement to B2C transactions as well.

(Reuters) — European Union scientists said on Wednesday that 2023 would be the warmest year on record, as global mean temperature for the first 11 months of the year hit the highest level on record, 1.46°C (34.63°F) above the 1850-1900 average.

Japan to become the world's third-largest market in terms of sales, trailing only behind China and the United States. The automotive sector has experienced exceptional strength throughout 2023, and November stands out as a significant month, with two-wheelers and passenger vehicles (PVs) exhibiting notable strength.

Federation of Automobiles Dealers Associations (FADA) on Wednesday said that the auto sales in November grew by 18 per cent annually with a historic sale of 28.54 vehicles, surpassing March 2020 record of 25.69 vehicles. The apex body also said that the record sales come amid the industry's transition to BS-6 from BS-4 emission norms.

Madhya Pradesh chief minister Kamal Nath is likely to step down as the Congress state president in the wake of the party's drubbing in the Assembly elections, sources said on Tuesday. According to sources, the former CM, who met the Congress high command in the national capital on Tuesday, was directed to appoint a new state president. Arriving in the national capital on Tuesday, the Congress's state chief met the party's national president Mallikarjun Kharge and MP Rahul Gandhi at the former's residence. All India Congress Committee general secretary (Org) KC Venugopal was also present at the meeting, sources informed.

NCLAT) is scheduled to hear the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment on December 6 (today). The case was earlier brought up for hearing on November 8 and adjourned after the counsel appearing in the matter sought the deferment to complete pleadings, as per a PTI report. IDBI Bank has filed a challenge against the Mumbai bench's ruling at the National Company Law Tribunal (NCLT).

Emcure Pharmaceuticals on Tuesday got a temporary relief from a federal court in Seattle, Washington, against a nearly $950 million lawsuit by US-based HDT Bio accusing it of stealing trade secrets to develop a Covid-19 vaccine based on RNA platform. The US district judge James Robart upheld the Indian drug maker's argument that the court lacked jurisdiction over the company and dismissed the case without prejudice, which means it can be refiled. An Emcure Pharmaceuticals spokesperson told ET that the ruling «vindicates» its stand, and declined to comment further. HDT Bio sued Emcure Pharmaceuticals in March 2020, alleging the latter had misappropriated its trade secrets in violation of the Defense of Trade Secrets Act (DTSA) and the Washington Uniform Trade Secrets Act. On May 13, 2020, Emcure Pharmaceuticals moved the court to dismiss the case, arguing that the court lacked personal jurisdiction over it. Emcure Pharmaceuticals' subsidiary Gennova Biopharmaceuticals had developed mRNA Covid-19 vaccine, which was approved by the Indian regulator for emergency use. Gennova Biopharmaceuticals said its mRNA vaccine can be freeze dried and can be stored at higher temperatures which can solve logistics and pricing issues associated with mRNA vaccine. This major improvement in mRNA technology is called self-amplifying RNA (saRNA). But HDT Bio, with which Emcure Pharmaceuticals collaborated for formulation and adjuvant (which boosts the efficacy of the vaccine), alleged the latter had stolen trade secrets related to technology improvement over existing mRNA vaccines at the time.

The U.S. economy inched closer to a so-called "soft landing" after a new batch of labor data, economists said.

Charitable donations declined in 2022 after hitting record levels in 2021 and 2020. With only a few weeks to go before year-end, where will 2023 wind up when it comes to philanthropy? And how is 2024 shaping up on the giving front?