2020 Financial News

Indian equity market has witnessed an astounding surge in IPO activity, defying global economic uncertainties and underscoring the resilience of the Indian economy. Post the 2020 Covid crash, Rossari Biotech initiated the wave of IPOs, witnessing overwhelming subscription and listing success. This event paved the way for numerous IPOs, demonstrating the robustness of Indian equity markets and attracting investments from various segments, including fervent participation from HNIs and retail investors. Over the past three years, the main board IPOs have displayed remarkable strength. In 2021, 63 companies went public, raising Rs 1.2 lakh crore. Despite global market challenges, 2022 witnessed 40 IPOs, accumulating Rs 60,000 crore. As of November in 2023, 48 companies have already gone public, raising more than Rs 45,000 crore. This IPO surge extends to the SME space as well, with 2023 breaking records with 156 IPOs, raising more than Rs 4,200 crore. The increasing average ticket size in SME IPOs, from Rs 13 crores in 2021 to Rs 18 crore in 2022 and Rs 25 crore in 2023, indicates that promoters are seeking larger capital to fuel their growth ambitions, and investors are responding positively to these opportunities. The active participation of retail investors has been a key driver of this IPO boom, often resulting in massive oversubscriptions. This reflects a growing appetite for equities among retail investors and a heightened confidence in the Indian economy.

ECI trends on Sunday showed that senior Congress leader Sachin Pilot trailed in Tonk while BJP leader Ajit Singh Mehta led. Tonk is constituency number 96 of the Rajasthan Legislative Assembly. In 2013, BJP candidate Ajit Singh Mehta won the Tonk seat by defeating Independent candidate Saud Saidi with a margin of 30,343 votes. The state is currently governed by the Ashok Gehlot-led Congress government since 2018.

President Donald Trump on Saturday attempted to turn the tables on his likely rival in November, President Joe Biden, arguing that the man whose election victory Trump tried to overturn is “the destroyer of American democracy." Trump's allegations about Biden, a Democrat, echo the ones that Biden has been making for years against his predecessor. As Trump has dominated the Republican presidential primary and talked about targeting his rivals and the news media if he wins the White House again, Biden has stepped up his own warnings, contending Trump is “ determined to destroy American democracy." On Saturday, Trump made his most explicit argument to date on why voters should instead see his rival as the bigger democratic threat.

Exit Polls results, most of the exit polls have given varied predictions in the poll-bound states, giving an advantage to the BJP in Madhya Pradesh and Rajasthan while a clear edge to Congress in Chhattisgarh and Telangana. The counting of votes for Chhattisgarh, Madhya Pradesh, Rajasthan and Telangana will be done on 3 December and the counting will begin at 8 am. However, the counting of votes for the Mizoram Assembly Election 2023 has been deferred by a day.

golden opportunity to capitalise on it? Globally, a new 'loneliness economy' is rapidly taking shape. US surgeon general Vivek Murthy has been fighting loneliness for a while now. He's been at it at least since he published a 2017 piece, 'Work and the Loneliness Epidemic' (rb.gy/flwppa), in the Harvard Business Review, following it up in his 2020 book, Together: The Healing Power of Human Connection in a Sometimes Lonely World, and via his role in the recent reshaping of US policy to acknowledge social connection as 'a fundamental human need, as essential to survival as food, water, and shelter'.

According to Bloomberg , the United States Department of Justice is attempting to negotiate a settlement to a lengthy criminal investigation by requesting more than four billion dollars from Binance Holdings on behalf of the company.

Crazy Rich Asians 2 initially seemed promising, but the lack of recent updates raises questions about the sequel's destiny.

Rosie and Alba are hard at work on their canvases, redefining the essence of abstract art — one tail swish at a time. To the untrained eye, their work at Bristol Animal Rescue Centre (ARC) could be seen as boisterous, childish at times and even just plain old messy. But the two canines have a far more important job than pleasing critics. Inflation and high interest rates across the UK plus people abandoning pets they bought during the Covid-19 pandemic has caused a surge in strays and stretched the ARC to its financial limits. «People just can't afford insurance and veterinary care and just to look after their dogs in general,» Bee Lawson, an animal behaviour specialist at the ARC, told AFP. «At the moment, we are just taking in strays because we are experiencing such a high level of dogs coming in.»

United States led calls at UN climate talks Saturday for efforts to curb methane emissions but also pushed a deeply controversial drive to boost nuclear energy to curb global warming. With smoggy skies in Dubai highlighting the challenges facing the world, other pledges are expected at the COP28 conference, including stepping up the deployment of renewable energy. The use of nuclear power as a cleaner alternative to fossil fuels is highly controversial as environmental groups are concerned about safety and the disposal of nuclear waste. But more than 20 nations ranging from the US to Ghana, Japan and several European countries said in a declaration that it plays a «key role» in the goal of achieving carbon neutrality by mid-century. They called for the tripling of nuclear energy capacity by 2050 from 2020 levels. «We are not making the argument to anybody that this is absolutely going to be a sweeping alternative to every other energy source,» US climate envoy John Kerry said at COP28. «But we know because (of) the science and the reality of facts… that you can't get to net zero 2050 without some nuclear,» he said. The other signatories include Britain, France, South Korea, Ukraine and the United Arab Emirates.

new space race heats up and lunar mining has raised key legal issues, the US is turning to private companies to advance its outer space goals. Emphasizing the need to encourage the private sector to explore the investment possibilities on the moon, Michael Usowski, Senior Defense Intelligence Analyst for Space and Counterspace at the Defense Intelligence Agency (DIA), told Fox News, «If we want to maintain our lead, then we need to continue to invest and ensure that we're the ones setting the pace and not another entity.»

By Valerie Volcovici

Climate advocacy groups are pressuring world governments gathered at this year's United Nation's COP28 climate conference in Dubai to commit to cutting global food sector emissions, as the conference host promises to put agriculture in the spotlight. Global food systems- including farming and land use, livestock production, household food consumption and waste, and energy used in the farm and food retail sectors — account for 31% of human-made greenhouse gas (GHG) emissions, according to the United Nations' Food and Agriculture Organization (FAO). But few governments have ever published numeric targets for lowering those emissions, focusing instead mostly on the use of fossil fuels for power, transport and industry, according to climate advocates. «Business as usual food systems would use nearly the whole carbon budget for a 2-degree Celsius world. We need to implement food systems approaches throughout COP28,» said Joao Campari, global leader of food practice at the World Wildlife Fund. A full day of the 28th Conference of the Parties (COP), Dec.

Given the substantial gains witnessed on listing days for recent IPOs, it's understandable why investors are eager to participate. Once investors successfully secure allotments, the next dilemma arises—whether to swiftly sell the shares at the peak of their listing gains or to ride the momentum for a while longer. This article delves into an analysis of the top-performing IPOs with bumper listings over the past eight years, aiming to unravel their short to medium-term performance trends. The Year 2023 has been a fantastic year for IPO investors, with its top 10 listing IPOs reporting an average listing gain of 83.2%. However, it might surprise you that this is actually the second-best year in the past decade. The best year has been 2021, where the top 10 IPOs reported average listing gains of a mammoth 127.7%.

humpback whale visiting the waters off Seattle dazzled onlookers Thursday morning with several breaches in the bay just beyond the city's downtown area. The whale has been spotted for the last three days swimming around Elliott Bay. But on Thursday, the whale breached for about 40 minutes, also performing several pectoral fin slaps and dives. Local whale-watching groups have identified the young humpback as the calf of an adult female with the identification BCY0995, better known as «Smiley.» It's not unusual for humpback whales to visit the waters off Seattle as they migrate along the West Coast. Smiley's last calf, Chip, was fatally struck by a Washington state ferry in 2020, according to the Canadian group Vancouver Island Whale Watch.

University of Cambridge and Trinity College Dublin, Ireland, who jointly investigated babies' ability to process phonetic information during their first year for their findings published in the 'Nature Communications' journal. They concluded that parents should speak to their babies using sing-song speech, like nursery rhymes, as soon as possible because babies learn languages from rhythmic information, not phonetic information, in their first months. «Our research shows that the individual sounds of speech are not processed reliably until around seven months, even though most infants can recognise familiar words like 'bottle' by this point,» said Goswami.

prison stabbing of Derek Chauvin, the former Minneapolis police officer convicted of murdering George Floyd. John Turscak stabbed Chauvin 22 times in the law library at the Federal Correctional Institution in Tucson, Arizona, with an improvised knife, federal prosecutors said. Turscak, 52, told correctional officers he would've killed Chauvin had they not responded so quickly, prosecutors said. Turscak later told FBI agents that he'd been thinking about assaulting Chauvin for about a month because he is a high-profile inmate but denied wanting to kill him, prosecutors said. Turscak told the agents that he attacked Chauvin on Black Friday, the day after Thanksgiving, as a symbolic connection to the Black Lives Matter movement and the «Black Hand» symbol associated with the Mexican Mafia gang, prosecutors said. An attorney for Turscak was not listed in court records and Turscak, who has represented himself in numerous court matters from prison, remained in custody on Friday. Chauvin, 47, was sent to FCI Tucson from a maximum-security Minnesota state prison in August 2022 to simultaneously serve a 21-year federal sentence for violating Floyd's civil rights and a 22½-year state sentence for second-degree murder. Chauvin's lawyer, Eric Nelson, had advocated for keeping him out of general population and away from other inmates, anticipating he'd be a target.

Trump was acting "in his personal capacity as a presidential candidate" when he urged his supporters to march to the Capitol on the day of the riot. U.S. presidents are immune from civil lawsuits only for official actions.

Donald Trump does not have immunity from criminal charges for actions he took as president, a U.S. judge ruled on Friday, rejecting his bid to toss out the case brought by Special Counsel Jack Smith accusing him of unlawfully trying to overturn his 2020 election loss. U.S. District Judge Tanya Chutkan found no legal basis for concluding that presidents cannot face criminal charges once they are no longer in office.

By Daniel Wiessner

Goldman Sachs Head of Oil Research Daan Struyven provides insight on the refinery sector on 'The Claman Countdown.'

Canadian private capital group Brookfield has raised a record-sized US$28 billion infrastructure fund as institutional investors plough cash into strategies they expect will benefit from higher interest rates and a shift away from globalization.