2020 Financial News

Speaking on the milestone, Nalin Negi, CFO and Interim CEO, BharatPe, said, “BharatPe was started with the vision of empowering millions of offline merchants and MSMEs across the country, with best-in-class fintech products. This milestone reflects the trust bestowed upon us by our vast network of over 1.3 crores merchant partners. October was a great month for us- we achieved significant growth with loans facilitated on our platform.

The eternal tussle between quantity and quality has been a subject of debate in various fields, including philosophy, art and innovation. This dichotomy is particularly relevant in the context of innovation, especially when considering the role of patents. Patents are commonly seen as a measure of a country’s innovative capacity.

₹20,000 crore assets under management. For the first 10 years of its existence, the company was focused only on south India, where it built its reputation, mostly by word of mouth. Twelve years later, in 2013, it opened an office in Mumbai and then started exploring the rest of the country.

NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership, and using family money for home down payment.

Venture capital investment into Europe's tech industry plunged by half in 2023 as investors continued to reel from the effects of high interest rates, according to data from venture capital firm Atomico.

Dubai has a long history of finding economic success amid the war-ravaged woes of the wider Middle East

Six teenagers went on trial Monday in Paris for their alleged roles in the beheading of a teacher who showed caricatures of the prophet of Islam to his class, a killing that led authorities to reaffirm France’s cherished rights of expression and secularism.

The wind speed improved to 20 kilometres per hour, aiding the dispersion of pollutants, an official at the India Meteorological Department said. Delhi's air quality index (AQI) stood at 365 at 8 am on Tuesday, improving from 395 at 4 pm on Monday. The AQI at any given time is the average of readings taken in the last 24 hours.

International Monetary Fund (IMF). In a blog, the IMF's Simon Black, Florence Jaumotte, and Prasad Ananthakrishnan argued that emerging and developing countries (EMDEs) need $2 trillion annually, a fivefold increase from 2020. Even if advanced economies meet or somewhat exceed their promise to provide $100 billion a year, the bulk of the financing for these low-carbon investments will need to come from the private sector, they argued. «Eight years on from the Paris Agreement, policies remain insufficient to stabilise temperatures and avoid the worst effects of climate change.

life expectancy has declined in Canada, a trend experts consider to be historical, indicating a worrisome downturn in our overall health.Statistics Canada released its report Deaths, 2022 on Monday, showing that the life expectancy of Canadians fell to 81.3 years in 2022 from 81.6 years in 2021. The decline was more prominent among females than men, the data showed.“This is the first time this has ever happened,” Dr.

JP Morgan Asset Management fixed income portfolio manager Kelsey Berro discusses when the Fed might start lowering interest rates on Making Money.

According to The Wall Street Journal, which cited internal Amazon (NASDAQ:AMZN) data and sources familiar with the matter, Amazon has surpassed both United Parcel Service Inc (NYSE:UPS) and FedEx (NYSE:FDX) to become the largest delivery business in the U.S. in terms of parcel volumes.

During the covid years, Americans’ trust in scientists fell, according to a Pew poll. In 2019, only 13% of Americans were distrustful enough to say they weren’t confident in scientists to act in the public’s best interest. Now that figure is 27%—despite recent triumphs in astronomy, cancer research, genetics and more.

Netflix officially confirmed the return of Sweet Magnolias for a fourth season. The renewal, revealed three months after the third season's global debut, is met with enthusiasm from fans who have followed the captivating narrative of this beloved drama. Sheryl J. Anderson, the show's creator, and showrunner is set to return, ensuring the continuity of the series that has become a hallmark of Netflix's drama lineup.

Huawei to ZTE came under an unforgiving radar. In India, too, a similar red line was quietly drawn — well after a top Chinese firm described by the US government as a “national security risk” had easily made its way into India’s apex tech institutes, the famed Indian Institutes of Technology (IITs). It was a note of caution sounded by the director of a leading IIT that woke up the Government of India on the deep inroads that Chinese firm Huawei had made into India’s leading institutes.

(Reuters) — BlackRock (NYSE:BLK) Investment Institute on Monday cut its rating on developed market equities to «neutral», after being «overweight» since the end of pandemic lockdowns in Western nations, due to attractive valuations.

Russian crude. The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, the most since at least January 2017, data from market-intelligence firm Kpler show. While it’s not possible to say with certainty that the molecules originated in Russia — India also processes oil from elsewhere — Moscow’s deliveries have given Indian refineries the ability to produce abundant diesel and boost exports.

₹10 lakh on edtech platform Byju’s for publishing allegedly false and misleading advertisements for its online IAS (Indian Administrative Service) coaching offering. CCPA had taken suo moto cognisance of the issue in 2022 and sent a show-cause notice to Byju’s on 24 August that year. The authority’s order of 23 November says that Think & Learn Pvt.

While it’s not possible to say with certainty that the molecules originated in Russia — India also processes oil from elsewhere — Moscow’s deliveries have given Indian refineries an ability to produce abundant diesel and boost exports. Arrivals into Europe in November include a rare shipment from Mumbai-based Nayara Energy Ltd., which imported almost 60% of its crude from Russia this year, according to Kpler. Reliance Industries Ltd., Europe’s top supplier of Indian diesel, draws more than third of its crude from Russia, the figures show. The surge in diesel imports from India also illustrates a fundamental shift in oil trading in the wake of the Kremlin’s war in Ukraine. A year ago, Russia was Europe’s top supplier of diesel, a fuel vital to the industrial and transport sectors. The European Union banned most seaborne imports of Russian crude in December and oil products in February.

By Svea Herbst-Bayliss and Samrhitha A

₹1,000 crore towards its maiden credit fund, marking its entry into private credit. True North, with assets under management of over $3 billion, raised capital from Indian ultra-high net worth individuals (UHNIs) and family offices. It will look to deploy the capital over the next five years and is targeting a 15-18% internal rate of return (IRR), Vishal Nevatia, founder and managing partner, True North and Kapil Singhal, managing partner at True North’s private credit unit said.