2020 Financial News

LIC, promoter of IDBI Bank, has said it plans to retain a part of its stake in the lender to harness the benefits of the bancassurance. Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank but may not exit completely, LIC Chairman Siddhartha Mohanty told PTI in an interview. "We have made it clear that IDBI Bank is our number one partner in bancassurance.

Perhaps now is an opportune moment to recall that historically, the period from November through January stands out as the most bullish three-month stretch of the entire year. Not only that, it marks the start of the most bullish six-month phase for the stock market.

Stocks fell and gold climbed to a six-month high as data showed a sharp slowdown in China’s industrial profits, which reinforced investor concerns about its sluggish economy.

Digital wallets from the likes of Apple, Google and WeChat developer Tencent have exploded in popularity but are not captured by Australian payments law.

The Mastercard SpendingPulse data noted that black Friday shopping increased by 2.5% y/y, down sharply from a 12% y/y increase in 2022. When we think about this, adjusted for inflation, that would suggest a decline in Black Friday shopping in real terms, no matter which measure of inflation is used.

Crown Castle (NYSE:CCI) shares rose more than 3.5% in U.S. premarket trading following a report in the Wall Street Journal that activist investor Elliott Investment Management aims to advocate for changes at the wireless tower owner.

PTI, the victim, Samuel Paty, a history and geography teacher, was killed on October 16, 2020, near his school in a northwest Paris suburb. The assailant, an 18-year-old of Chechen origin who had been radicalized, was subsequently shot dead by the police. This incident prompted French authorities to reaffirm the country's commitment to freedom of expression and secular values.

outgoing Consul General in New York, Randhir Jaiswal, has said he has endeavoured to «tell the world what India means to the world today» as the Indian-American community members lauded his efforts to boost bilateral ties and organised receptions to bid him farewell. Several diaspora organisations have been hosting farewell receptions in and around the city in honour of Jaiswal, who will soon leave for Delhi where he will assume his new role as the Official Spokesperson, Ministry of External Affairs.

air quality inched closer to the 'severe' category on Monday morning with calm winds and cloudy conditions trapping pollutants, according to monitoring agencies. A thick layer of smog blanketed Delhi and its suburbs, reducing visibility to just 600 metres at 8 am at the Safdarjung Observatory, the national capital's primary weather station. The visibility was 800 metres at the Indira Gandhi International Airport.

ANI, both shooters were arrested in the Mayur Vihar area. As reported by India Today citing police, the shooters had planned to attack a Punjabi singer.

By Jamie McGeever

Lava plans to pump in over ₹500 crore into research and development, and marketing in the next two years, targeting 100% year-on-year growth in the coming years with a focus on '5G-fying' the budget smartphone segment, newly elevated managing director Sunil Raina told ET. The company has seen its revenue triple in the past three years since relaunching its smartphone brand in 2020, while its volumes have grown 2.5 times, underpinning a resurgence after being pushed out of the market by Chinese brands since its peak in 2014. «My top priority is to see how to bring more value to the consumers. Secondly, it is to make sure that we grow at least at a 100% rate for the next 3-4 years, that's the key objective.

₹21,395 crore. Around 16 of these aircraft will be acquired in a ready-to-fly condition from the final assembly line at San Pablo Sur site in Seville, Spain. The first aircraft was handed over by Airbus earlier this year in the presence of Air Chief Marshal Vivek Ram Chaudhuri.

MicroStrategy, the enterprise business firm known for its bullish stance on   Bitcoin (BTC) , has seen its stock soar to a two-year high.

Pradhan on Sunday said that the Centre has advised IITs and IIMs to become multi-disciplinary to venture beyond their respective areas of specialisation. Pradhan, while speaking at the inauguration of Odisha Research Centre, said priority has been given to imparting multi-disciplinary education through the National Education Policy, 2020 and IITs and IIMs will also move in this direction.

The Supreme Court of India has recently declined to consider a Public Interest Litigation (PIL) that sought to establish a comprehensive regulatory framework for cryptocurrency trading in India. This decision is notable as it highlights the judicial perspective on the legislative nature of cryptocurrency regulations.

Vedanta finance chief Sonal Shrivastava quits, Ajay Goel of Byju's rejoins “It’s the continuation of a trend of rising quit rates that began more than a decade ago. Five main factors are at play in this trend: retirement, relocation, reconsideration, reshuffling, and reluctance," contends a Harvard Business Review article written in March 2022.

Suvendu Adhikari, on Saturday wrote to the Enforcement Directorate (ED), alleging a scam in the purchase of PPE kits and other medical equipment during the Covid-19 pandemic in 2020 and 2021. Taking to his official handle on social media platform X, Adhikari shared a detailed post informing that he had written to the director, ED, principal director general of the Income Tax Department and secretary, Union Ministry of Health & Family Welfare, seeking an inquiry into the alleged irregularities in the purchase of Personal Protective Equipment (PPE) kits. «A huge financial scam was executed in WB during the Covid Pandemic period, with regard to the purchase of PPE kits and other medical equipment by the WB Health Department.

Indian smartphone market is expected to grow in 2024 after falling for two years, buoyed mainly by affordable 5G devices and smartphones being given away by parties ahead of upcoming general elections, according to market trackers and industry executives. IDC India forecast a 5-8% on-year growth in 2024 with shipments expected to hit 148 million units, and Counterpoint Research pegged it at 5% with shipments in the 155-157 million range. CMR India estimates overall smartphone shipments to grow by 8-9% with 5G shipments anticipated to grow 40% year-on-year, while TechArc expects the growth at 3-4%. The rebound is expected after the Indian smartphone market fell volume terms for two years as demand in the entry-level segment got hit due to adverse macroeconomic factors, which led to higher prices, as well as the pandemic.

As many as 110 managing directors or chief executives who were also on the boards of NSE-listed companies quit in the first 10 months of 2023, according to data compiled for ET by primeinfobase.com.

(Reuters) — Derek Chauvin, the former Minneapolis police officer convicted in the death of George Floyd, was attacked in a prison in Arizona, Minnesota Attorney General Keith Ellison confirmed on Saturday.