2020 Financial News

Kiranas or neighbourhood stores, which contribute more than 85% of sales of fast-moving consumer goods companies, saw orders placed with companies decline 7.5% in November from a year earlier. This is because retailers are left with excess inventory from pre-Diwali orders, which, however, failed to generate enough demand, especially in rural areas. Orders also fell 3.5% compared to the previous month October, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores. «Demand has been challenging over the past few months and last month's decline may have been triggered by uncertainty in consumer sentiment, especially in states where elections were due. Recovery will be seen only when there are visible greenshoots in rural markets,» said Sushil Kumar Bajpai, president, RSPL Group, which makes Ghari detergent and Venus soap. FMCG companies had indicated that consistent decline in rural markets had halted in the September quarter but deficient rains, followed by a spike in food prices affected the second part of the quarter.

MUMBAI : In an indication of the Indian market’s outperformance compared to other emerging markets (EMs), the MSCI India index traded at a premium of 141.08% to MSCI Emerging Markets (EM) index, the highest in 11 months, on 4 December. The premium is also nearing its record high of 145.67% achieved on 31 October 2022. Analysts expect this premium to test its previous peak, following Tuesday’s surge in the Nifty and Sensex to new highs, driven by provisional foreign portfolio investment (FPI) flows of ₹5,223.51 crore.

Millions of people move money from a workplace 401(k) plan to an individual retirement account each year.

By Doyinsola Oladipo

Ohio’s former top utility regulator has pleaded not guilty in connection with a $60 million bribery scheme

Spotify says it’s axing 17% of its global workforce in the music streaming service’s third round of layoffs this year

U.S. auto safety regulators say they are monitoring data from a group of mostly unrecalled Takata air bag inflators after one of them exploded in a BMW and hurled metal fragments that seriously injured a driver in Chicago

Credit rating agency Moody’s has downgraded its outlook for Chinese sovereign bonds to negative, citing risks from a slowing economy and a crisis in its property sector

The bid-rigging trial around the Tokyo Olympics is playing out in a Japanese courtroom — more than two years after the Games closed — with advertising giant Dentsu and five other companies facing criminal charges

By Giuseppe Fonte

360 One Asset Management, formerly known as IIFL Asset Management, on Tuesday said it will invest $16 million in CoreEL Technologies. The funds will be used to accelerate CoreEL’s growth plans including research and development, new products development and augmenting manufacturing capacity, it said in a statement.

The NFL Players Association, which operates a unique program to provide its members with qualified financial advisors, said Tuesday that UBS, and specifically its U.S. athletes and entertainers group, is the latest firm to gain the union’s approval to work with current and retired players.

December’s whipsaw opening shows investors may be concerned November’s epic rallies went too far, too fast in anticipating a near-perfect soft landing for the economy.

Gold rallied on the final trading day of last week, eventually reaching a new record high of $2,148 as the new week commenced. Following this peak, Gold experienced a swift retracement, currently undergoing a retest towards the $2,020 — $2,050 zone, recognized as resistance since 2020.

Hong Kong’s most prominent pro-democracy activists, who was imprisoned in the wake of the 2019 Hong Kong protests, said on Sunday that she has left the city for Canada and plans to never return.Agnes Chow, 27, became a face of Hong Kong’s pro-democracy movement after she helped establish the Demosisto political party in 2016 alongside other young activists Joshua Wong and Nathan Law. The group disbanded hours after Beijing passed a sweeping national security law in 2020 that put a chilling effect on political activism in the city, and has been criticized by western governments for stifling free expression and interfering with Hong Kong’s semi-autonomous status as a former British colony.Chow was arrested in 2019 for allegedly inciting an unauthorized protest outside Hong Kong police headquarters.

PE ratio multiplied by the company's earnings per share (EPS). Although the formula is quite simple, a big mistake usually creeps in. I've seen even the best analysts fall prey to this error.

Samir Arora, Founder, Helios Capital, says ‘the FOMO feeling should be there to invest for the long term. Do not hope and pray that the whole market goes up in six months before you have invested a major proportion of your future income. You actually want the market to go up steadily which it never does. It is not that I am saying that it ever does that. I am just saying just enjoy the whole ride rather than a day at a time.” Are largecap stocks getting ready to do a tango now? Yes, and that we have been saying for long simply because if you look at the performance of midcap stocks, say from 2000 to 2019, before Covid, there was not a very big difference between the midcap index and the largecap index. Then suddenly from 2020, if you start from March, the difference is something like 25% per annum over two years. We know broadly that these things in the end are somewhat similar. The midcap is about 0.5% to 1% higher in normal long duration and so this is obviously extreme.

Gurpatwant Singh Pannun murder bid: Senior US official discusses alleged plot Recently, the National Investigation Agency (NIA) special court in Mohali ordered the confiscation of land belonging to Lakshbir Singh in Punjab’s Moga district. The court ordered the confiscation of the land under Section 33(5) of the Unlawful Activities (Prevention) Act, under which a judge can confiscate moveable and immovable property of a proclaimed offender involved in serious crimes. 3 Khalisan extremists charged over bid to kill Indian-origin NZ radio host Lakhbir Singh worked closely with Pakistan-based ISI to disrupt peace in India.

How INDIA bloc's power dynamics is likely to shift after Congress's loss The Congress has convened a meeting of all 230 candidates on Tuesday to discuss the defeat in the Madhya Pradesh assembly elections and the reasons behind the poor performance. Nath is scheduled to address the meeting.

How well an average person does in life is determined largely by an accident of birth. A child born in rural Tamil Nadu is better nourished and educated, on average, than one born in rural Chhattisgarh. There are stark differences in economic outcomes even within states.

SAT) reprimanded Securities and Exchange Board of India (Sebi) for not lifting the freeze on the trading accounts of five members of the Kirloskar family despite its directive last year. The tribunal imposed a ₹5 lakh fine on the capital market regulator for its «lackadaisical» approach in complying with its October 2022 directive.