2020 Financial News

BEIJING — Chinese electric car company BYD said Friday that it launched its flagship Han sedan in the United Arab Emirates this week.

A court in Montenegro’s capital, Podgorica, has approved the extradition of Do Kwon, the founder of Terra, to either South Korea or the United States. 

Buoyed by strong housing demand, the average residential prices in key micro markets across the top 7 cities saw a significant surge in the last three years between October-end 2020 and the corresponding period in 2023.

Average property prices in key locations of top seven cities have surged up to 33% in last three years between October-end 2020 and the corresponding period in 2023, according to Anarock Research data.

Kerala police filed a case involving a cheating complaint against former Indian fast bowler S Sreesanth and two additional individuals. As reported by ANI, the FIR lists Rajiv Kumar, aged 50, and Venkatesh Kini, aged 43, as the other parties accused in the case. The filing of the case stems from a complaint lodged by Sareesh Balagopalan, a resident of Choonda Kannapuram.

Registrars of Companies (RoCs) stepped up action after the 2019 decriminalization of various company law violations, resulting in a near fivefold jump in orders in just four years. These orders entail a penalty but no prosecution, easing the load on the judicial system and freeing up companies to focus on their business. Over 2019 and 2020, the government decriminalized over four dozen violations for faster adjudication of corporate defaults and lapses.

Private equity veteran Simon Moore is leaving the board of AMA after a tumultuous period with Australia’s biggest smash repair chain.

By Marc Jones

Tata group hospitality firm Indian Hotels Company Ltd on Thursday said it is investigating claims of a data breach, but asserted there is no suggestion of any current or ongoing security issue. According to a media report, there has been a personal data breach of 15 lakh users from the Taj Hotel database, which is available on the dark web for purchase at USD 5,000.

By Holger Hansen and Kirsti Knolle

White Lotus," Meghann Fahy and Leo Woodall, have finally acknowledged their relationship. Both went shopping in New York City together during a rainy day. Woodall and Fahy cuddled up under an umbrella while halted on a street corner and shared a cute kiss. The "Bold Type" actor added a burst of color with a red crossbody bag and a tan scarf, but otherwise, they dressed suitably for the gloomy weather with long wool jackets, black jeans, and boots. Earlier in the day, the two were spotted together, however, Woodall was without his cozy winter coat and was wearing a jean jacket. Before the HBO dramedy's second season debuted, in September 2022, the couple ignited romance rumors. At the time, astute viewers saw that beneath one of Woodall's Instagram photos, Fahy had written a seductive remark with the phrase, «that's amore.» Actor Billy Magnussen was Fahy's previous partner from 2017 to 2020.

A former Vancouver Canucks prospect is facing criminal charges on allegations of “large scale financial frauds.”

Brad Pitt has come under scathing attack from his own son, who has called the superstar an 'awful human being'. In a scathing Father's Day post three years ago, Pax Jolie Pitt lashed out at the actor and shared it on his private Instagram account. According to a MailOnline report, Pax reportedly addressed a message to his adoptive father. He wrote, «You time and time and again prove yourself to be a terrible and despicable person.»

NBA official Scott Foster ejected Warriors star Chris Paul just before halftime during the Golden State Warriors' 123-115 loss to the Phoenix Suns on Wednesday night. The contentious decision unfolded at the Footprint Center, with Paul receiving two quick technical fouls for disputing a foul call made by Foster in the closing seconds of the first half. The clash intensified when Paul, known for his history with Foster, argued over the call that sent Kevin Durant to the free-throw line. Unyielding in his protest, Paul's defiance prompted Foster to issue the ejection, eliciting pointed and colorful language from the Suns player. The situation escalated further, leading to Stephen Curry stepping in to separate the heated exchange. Paul's ejection marked a turbulent quarter for the Warriors, who were limited to just 16 points and five field goals, allowing the Suns to surge to a 20-point lead in the third quarter.

Syedna Mufaddal Saifuddin, head of the Mumbai-based Dawoodi Bohra sect of Islam, will be conferred 'Nishan-e-Pakistan', making him the fourth Indian to be honoured with Pakistan's highest civilian award. The announcement of the award comes as an acknowledgement of Dr Saiduddin's services, according to a statement by Pakistan President Arif Alvi, who approved the conferment on Wednesday. The date for the investiture ceremony was, however, not made public.

₹1.87 crore. On 21 November, the stock was rewarded by the Street, soaring to a 52-week high of ₹1,415 apiece. As things stand, residential property sales of listed companies have been immune to a rising interest rate scenario.

BNP Paribas SA is imposing new financing restrictions as part of an updated policy around how to treat clients in the mining industry. The European Union’s biggest bank will no longer provide financing to projects dedicated to the extraction of metallurgical coal, according to an emailed statement late on Wednesday. “This new commitment is part of BNP Paribas’ efforts to align its credit portfolio in the steel sector with its net zero commitment," the bank said in the email.

As the teams prepare themselves for next year, let's take a look at the teams which has been able to lift the prestigious cup in the past. List of past winners:

Trudeau highlighted the importance of coordinated G20 leadership and action to uphold the rule of law and international law and strengthen democratic systems, as he participated in a virtual G20 Leaders' Summit hosted by India. Trudeau's participation in the summit comes amidst strains in ties between Canada and India following his allegations in September of the «potential» involvement of Indian agents in the killing of Khalistani separatist Hardeep Singh Nijjar on June 18 in British Columbia.

Federal Bank Limited is the promoter of Fedbank Financial Services, a non-banking finance company (NBFC) with retail in focus. According to the CRISIL Report, in the fiscal year 2023 and the three months ending on June 30, 2023, Fedbank Financial Services had the second and third lowest cost of borrowing among the micro, small, and medium-sized enterprises (MSMEs) gold loan and MSME & gold loan peer set in India.

Bharti Airtel, both of which control 78% of India’s mobile market, according to global brokerage firm CLSA. «BUY-rated Reliance Industries holds 67% of RJio and valuation is 60% higher than the 33% stake from the 2020 sale that raised US$20bn. We also expect RJio’s planned IPO to serve as a further catalyst for BUY-rated Bharti stock,» CLSA analyst Deepti Chaturvedi said. The analyst expects Jio's leadership and Bharti's execution to lead the sector to $38 billion annual revenue by FY26.