2020 Financial News
06.11 / 14:11
IPO
BLOCK
CEO
2020
reports
Klarna, Europe's $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO
Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that paves the path for an eventual listing.
06.11 / 11:57
show
consequences
information
2020
reports
SOLIDARITY
TV personality pastor Steven Flockhart arrested for identity theft and merchandise theft
Steven Flockhart, who made an appearance on a number of shows like "American Idol" and «The Voice», was arrested after he was allegedly accused of identity theft and theft of merchandise in Shelby County. Flockhart who serves as the main pastor of the 901 Church, was accused of stealing the identity of a member of his own congregation as reported by WREG.
06.11 / 10:51
Remark
Nov
2020
reports
Madhya Pradesh polls: Kamal Nath counters Jyotiraditya Scindia's jibe on Cong arrogance, says ‘people made it clear…'
ANI, the former MP CM replied saying, “Whose arrogance is this, the public gave them (BJP) the answer when the mayor's election was held 15 months ago. The Congress registered a victory after 35 years, whose arrogance was it." Madhya Pradesh is set to undergo polls on 17 November wherein voters will choose legislators from 230 Assembly constituencies. The counting of votes will be held on 3 December.
06.11 / 10:05
Manufacturing
economy
pandemic
show
2020
reports
UK construction sector shrinks again as house-building slumps - PMI
LONDON (Reuters) — Britain's construction industry suffered a second month of shrinkage in October as higher borrowing costs hit house-builders and worries about the weak economy put clients off new investment, a survey showed on Monday.
06.11 / 09:17
Manufacturing
Compilation
economy
Continental
show
2020
Q4
Euro zone economy started Q4 on back foot, stoking recession fears -PMI
LONDON (Reuters) — The downturn in euro zone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of a recession in the 20-country currency union.
06.11 / 08:51
FIVE
Strategy
Bill
show
2020
Five things to watch for in these Assembly polls
Narendra Modi on the one hand, and a bevy of Parliamentarians from Delhi descending to contest state elections on the other, especially in Madhya Pradesh. This is being seen as a strategy to counter anti-incumbency and project a new image to voters. In bilateral contests, especially close ones, smaller parties can play spoilers.
06.11 / 08:37
Target
FIVE
Reuters
Strategy
WhatsApp
social
2020
KKR
KKR's second global impact fund raises $2.8 billion, focused on sustainability and social equity
Reuters. Ken Mehlman and Robert Antablin who are the fund's co-heads, in an interview with Reuters said the firm attracted commitments from investors for more than double its first $1.3 billion impact fund raised in 2020.
06.11 / 08:25
Target
Booking
2020
surges
Suzlon Energy surges 15% in 3 sessions, up 979% in 3 years; should you buy?
Suzlon Energy have risen 15 percent in 3 consecutive sessions on the back of robust September quarter results, a strong order book, and healthy debt reduction. Just in today's session, the stock hit its 52-week high of ₹36.16, trading at its 5 percent upper circuit for the third straight session (November 2,3 and 6). The firm posted over 81 percent rise in the consolidated net profit to ₹102.29 crore for September quarter of 2023-24, mainly due to a decline in expenses.
06.11 / 06:09
Citi
Experts
show
2020
reports
Weekend
Delhi air pollution: NASA shows rise in Punjab farm fires during weekend | See photo
fires was shown by the NASA Worldview portal during the weekend (November 4 and 5). Farm fires in Punjab are one of the biggest reasons behind aggravated air quality in the national capital Delhi. Paddy straw burning in Punjab and Haryana is considered one of the major reasons behind the alarming spike in air pollution levels in Delhi, Punjab, Haryana, and Uttar Pradesh in October and November every year, according to environmentalists.
06.11 / 05:17
FIVE
Progressive
Remark
Nov
President
2020
2024
Donald Trump heading for a sweep in 2024 U.S Presidential elections against Joe Biden? Here's what polls say
The New York Times andSiena College paints a challenging picture for President Joe Biden. The polls reveal that in five out of six crucial battleground states, the president is trailing his likely Republican opponent, former President Donald Trump. This downward trend in public opinion can be attributed to widespread dissatisfaction with Biden's economic policies, concerns about his age, and doubts about his ability to govern.
06.11 / 02:03
Reuters
Racing
economy
President
show
2020
US Presidential
us presidential elections
US Presidential Elections: Donald Trump leads Joe Biden in 6 swing states, survey shows
Reuters. Donald Trump is followed by US President Joe Biden as Americans were doubtful about Biden's age and were dissatisfied with him for the way he handled the economy. As Republican frontrunner Donald Trump seeks to regain presidency, he leads the field for his party's 2024 nomination.
06.11 / 00:27
05.11 / 20:05
05.11 / 18:07
FIVE
Waters
Morningstar
Experts
show
performer
2020
How equity funds leverage a few good months for outperformance
Financial experts have for long touted the benefits of long-term investing, especially where it concerns equity mutual funds. Yet, a large number of retail investors continue to exit the markets after a short duration. According to data from Association of Mutual Funds in India (Amfi), 51.4%, or more than half, of the investments held by retail investors have an average holding period of just more than two years.
05.11 / 18:07
Citi
FIVE
stage
country
pop
2020
travelers
Ladurée’s local arm mulls ₹60 cr offline store expansion
₹50-60 crore to develop its stores, Chandni Nath Israni, co-founder and managing director of the CK Israni Group, told Mint. At present, the company has four stores, three of which are in Delhi-NCR. It will launch its Mumbai outlet at Jio World Plaza soon, and expects the next phase of growth to come from Mumbai, Kolkata, Bengaluru and Pune.
05.11 / 17:43
Enterprise
Parke
Matrix
show
performer
2020
Brookfield
Brookfield Properties’ Equinox Business Parks refinances Rs 2,100 crore debt
Brookfield Properties, global real estate services company of Brookfield Asset Management, has refinanced debt worth Rs 2,100 crore that was raised against its commercial property Equinox Business Park in Mumbai. The property services company has raised the funds from Punjab National Bank to refinance its earlier debt facility that was extended by Housing Development Finance Corporation (HDFC) in two separate tranches in 2018 and 2020. HDFC was recently merged with HDFC Bank. Of both the facilities, HDFC had extended debt worth Rs 2,000 in 2018 under lease rental discounting (LRD) for a tenure of 180 months at 8.70% interest rate.
05.11 / 17:33
05.11 / 14:07
FIVE
Digital
CEO
shootings
country
2020
India among top 5 markets; willingness to pay among gamers rising: Krafton India CEO
India is among the top five markets for PUBG and Battlegrounds Mobile India maker Krafton, even though the country has less than 10% of its total user-base paying for games, company's India business head Sean Hyunil Sohn said. Krafton India CEO Sohn told PTI that India is among the top three markets for the company in terms of user base and the willingness to pay among the gamers is rising. «India is a long-term play for us. The market goes at least 10 or 15% per year. We want to maintain our position and grow with the market. India is among the top five markets for us and in terms of user base it is within the top three,» Sohn said.
05.11 / 06:17
Manufacturing
Tesla
SpaceX
country
2020
testing
travelers
India unlikely to have hyperloop trains in near future: NITI member V K Saraswat
India is unlikely to go in for hyperloop technology for ultra high-speed trains in the near future as the technology is at a 'very low level' of maturity and may not be economically viable at the current juncture, NITI Aayog Member V K Saraswat said on Sunday. Saraswat, who is heading a committee to explore the technological and commercial viability of the Virgin Hyperloop technology, further said some foreign companies have shown interest to bring the technology in India. «Hyperloop technology as far as we are concerned, we found that the offer which came from foreign countries are not very viable options.
05.11 / 05:11
05.11 / 03:31
Digital
Manufacturing
economy
Healthcare
electronic
2020
World economic issues cast shadow on Indian stock market, FIIs continue to sell
₹1 lakh in December 2000 would have been ₹21 lakh today. From the latest intra high of 17,754.05, dated September 12, it went down by 7.25% on October 26, and on November 3, Nifty 50 closed at 17,000.95, which is 4.25% lower. A short-term break in the long-term growing market.
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