2020 Financial News

Anish Damania, CEO, JM Financial, says: “We will see markets doing much better, capital raise is becoming more prolific and investors will continue to doubt this and because investors are doubting this, there is room for appreciation. The key themes which we feel will dominate the India story will be in the manufacturing sector, finance sector, logistics and infra.” Given the kind of backdrop that we are looking at, the fact that there will be triggers down the line with respect to the overall elections, the valuation picture for our own markets, where is India standing at the current juncture? According to us, and we have been having this view for some time, we are on the throes of a mega bullish market lasting for several years, starting from 2020 to 2030. And I feel that this is the biggest bull run which we will see and which will be characterised by both stock markets doing very well and capital markets also doing extremely well. This is the time when India will require the funds, there will be a lot of activity and we feel that this is a time which we need to capitalise on.

Delhi High Court has in its recent ruling clarified that the extended 10-year review period for Income-Tax (I-T) assessments should only be applied when the assessee's alleged undisclosed income exceeds ₹50 lakh, The Times of India reported. It further clarified that below the specified threshold, assessments can only be reopened within a three-year period, the report added. This will be applicable to all review notices sent on or after April 1, 2021.

Stoy Hall realized early on that financial literacy was a scarce resource in his family, and his community.   

IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales. With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), these lenders are keeping market borrowings at a bare minimum. Subscriptions at a High In November so far, non-banking financial companies (NBFCs) have raised Rs 3,500 crore through commercial papers (CP), bringing the total borrowing through the route for the year to Rs 20,100 crore, according to Icra. In 2022, NBFCs raised Rs 45,740 crore through the instrument.

Rishi Sunak was quoted as saying the government should «just let people die» during the COVID-19 pandemic rather than impose a second national lockdown, the inquiry into how Britain handled the crisis heard on Monday. Patrick Vallance, who was the government's chief scientific adviser during COVID, made a note in his diary on Oct. 25, 2020, about a meeting involving then Prime Minister Boris Johnson and Sunak, who was finance minister. The diary entry shown to the inquiry recorded how Dominic Cummings, Johnson's most senior adviser during the pandemic, had relayed to Vallance what he said he had heard at the meeting. Vallance quoted Cummings in his diary as saying: «Rishi thinks just let people die and that's okay.

A brokerage and two of its registered representatives agreed to pay the SEC a little more than $1 million for violating Reg BI by churning client accounts, according to orders released Monday.

The world’s richest one per cent contributed as much carbon as the five billion people who comprise two-thirds of the globe’s poorest in 2019, which could spell out dire consequences in less than a decade, according to a new report.

Christina Aguilera has recently announced a ten-concert residency at Voltaire Belle de Nuit in Las Vegas' The Venetian Resort, scheduled to run from December 2023 through March 2024. This marks the five-time Grammy winner's second residency, following her 24-show run at the Zappos Theater at Planet Hollywood Las Vegas from May 2019 to March 2020. Tickets for all the upcoming shows are now available, but due to the intimate nature of the Voltaire Belle de Nuit venue, seats come at a relatively higher cost. As of the latest update, the lowest ticket price we found was $254 before fees on Vivid Seats. Throughout the scheduled days, the events are scheduled to start at 9.45 pm (local time). The schedule dates for Christina Aguilera's concerts are Saturday, December 30, Sunday, December 31, Friday, January 5, Saturday, January 6, Friday, February 2, Saturday, February 3, Friday, February 9, Saturday, February 10, Friday, March 1, and Saturday, March 2.

Republicans two seats short of U.S. Senate control are expected to spend tens of millions of dollars on ads attacking Montana Democratic Sen. Jon Tester as a Washington insider tainted by lobbyist cash

A new week has kicked off with Thanksgiving on the horizon, and commodities continue to lose ground as liquidity has moved into equities and bonds in hopes of a Santa Claus rally.

(Reuters) -The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday, citing people familiar with the discussions.

The driverless car allegedly did not yield to the firetruck's flashing lights as it went through the intersection on August 17, 2022. (Credit: John Freeman)

Suki Waterhouse and Robert Pattinson are still going strong. The couple, who have maintained their relationship a secret since it started in early 2018, announced their intention to raise a family in November 2023. In July 2018, the couple made their public debut together with pictures of them packing on the PDA. By the time Pattinson and Waterhouse were seen kissing on camera, they had been dating «for months.» Although they kept going out regularly, the couple didn't talk about their love until the next year. The first time the actor discussed Waterhouse, he was defending his choice to keep their relationship under wraps. He said in April 2019 that letting others in diminishes the meaning of love.

Boris Johnson, the former British prime minister, struggled to come to grips with much of the science during the coronavirus pandemic, his chief scientific advisor said Monday. In keenly awaited testimony to the country's public inquiry into the COVID-19 pandemic, Patrick Vallance said he and others faced repeated problems getting Johnson to understand the science and that he changed his mind on numerous occasions. «I think I'm right in saying that the prime minister gave up science at 15,» he said. «I think he'd be the first to admit it wasn't his forte and that he struggled with the concepts and we did need to repeat them — often.» Extracts from Vallace's mostly contemporaneous diary of the time were relayed to the inquiry.

Derek Chauvin of his conviction for the murder of George Floyd during a 2020 arrest, which sparked widespread protests against police brutality and racism. The justices turned away Chauvin's appeal that he filed after a Minnesota appellate court upheld his 2021 murder conviction and rejected his request for a new trial. Chauvin had argued that jury bias and certain rulings by the presiding judge deprived him of his right to a fair trial under the U.S.

Jim Sarbh and Shefali Shah from India. The Indian stars received nominations in the comedy category, as well as for the best performance by an actor and actress, respectively. The ceremony will also see film producer Ektaa Kapoor being honoured with the Directorate Award for her "trailblazing career and impact on the Indian television landscape".

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By Mike Scarcella

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Apollo Hospitals has witnessed a fresh breakout from a small consolidation on the weekly charts which can give a push to the stock price. The stock has also witnessed a breakout from a bullish pennant pattern on a larger period which is a continuation pattern in nature.

How many of us have heard of Yngve Slyngstad, a name synonymous with finance? Being the CEO of Norges Bank Investment Management (NBIM) from 2008 to 2020, he successfully expanded the Government Pension Fund Global in Norway, transforming it into the largest sovereign wealth fund globally, with assets under management surpassing $1 trillion. Additionally, he is recognised for spearheading responsible investment initiatives, including the strategic divestment from companies with subpar environmental and social performance.

The Australian Securities Exchange has hired TATA Consultancy to design the replacement for itsshare settlement and clearing infrastructure, a year after the abandonment of plans for a long-touted blockchain-based system left the market operator in disarray and in the sight of regulators.