2020 Financial News

₹50,000 crore by 2028. The company which commenced operations in 2020 achieved “break-even" in the second quarter of the current financial year, Manish said. To achieve the balance sheet of ₹50,000 crore by 2028, the company would require an additional ₹4,000 crore capital, he added.

Fortress Investment Group LLC is pitching an investment opportunity within an increasingly popular yet controversial corner of finance — funding other companies’ legal battles.

there are no differences and all decisions are taken unanimously. Ashok Gehlot’s government had faced a rebellion led by his bete noire Sachin Pilot in 2020, pushing the Congress government to the brink of collapse.

Telegraph. While Victoria's Secret had a projected 2023 revenue of $6.2 billion which would be a 5% drop from 2022 and well below the $7.5 billion revenue realised in 2020.

Gaza’s al-Ahli hospital on October 17th, which killed hundreds of people. Israel later denied that it was carrying out air strikes in the area; the explosion, it said, was caused by a misfired rocket launched by Islamic Jihad, another militant group in Gaza. By the time Israel issued its denial, though, details had ceased to matter.

Ashok Gehlot on Thursday said he wants to leave the state's top post but the post is not leaving him and probably may not leave him. He, however, also said that there would be something in him that the party high command had chosen him to lead the state thrice but any decision taken by the leadership going forward would be acceptable to all. Gehlot, whose government had faced a rebellion led by his bete noire Sachin Pilot in 2020, said he has adopted the policy of «forgive and forget» and moved on. Taking strong objection to the raids by the Enforcement Directorate and Income Tax Department against opposition leaders, he sought the prime minister's intervention to stop them immediately as the model code was in force. He also urged the Election Commission to intervene. Asked whether there were any differences within the party on the grant of party tickets, he said there are no differences and all decisions are taken unanimously. Rajasthan polls would take place on November 25 and votes would be counted on December 3.

The net worth of the typical U.S. household grew at the fastest pace in more than three decades from 2020 through 2022, while relatively low interest rates at that time made it easier for households to pay their debts

Australian journalist Cheng Lei says she spent more than three years in detention in China for breaking an embargo with a television broadcast

It’s good to know that somewhere out there, there’s a guy in a t-shirt looking to reinvent the banking system.  No, not Sam Bankman-Fried – former Credit Suisse trader Hamza Lemssouguer, whose fund Arini Capital is now proposing to make short term loans to companies with liquidity needs. 

Joe Biden has a temper. He vents it sometimes on aides when he is unhappy with their work, and occasionally even on voters who have the nerve to criticise him.

NSW might be claiming new High Court justice Robert Beech-Jones as one of its own, but a farewell on Thursday left it clear that his heart lies with Tasmania.

Proxy adviser Ownership Matters says Qantas shareholders should vote against the re-election of Todd Sampson to the airline’s board, and hold him accountable for brand and reputation issues.

By Clark Mindock

By Lisa Richwine and Dawn Chmielewski

NIIF) is looking to sell its maiden portfolio of five road projects, worth around Rs 10,000 crore ($1.2 billion) on an enterprise value basis, sources aware of the development told ET. NIIF has appointed investment bank JP Morgan to run a sale process for the roads portfolio, the sources said. Formal conversations are yet to begin, added the sources mentioned above on the condition of anonymity as these discussions are still in private domain.

Lalit Patil, the main accused in a multi-crore drug racket who escaped from judicial custody on October 2 while taking treatment in a Pune hospital. Patil's escape had led to the Maharashtra government facing allegations that its ministers from the Shiv Sena were involved in protecting Patil and that the state was turning into another Punjab. Patil was arrested by the Mumbai police from Chennai on Tuesday night and was brought to Mumbai.

Alok Kumar Agarwal Alankit explains “I believe that women exhibit more receptiveness to outreach efforts. Traditionally they are entrusted with managing household budgets, if they are equipped with foundational knowledge, financial literacy tools, and opportunities for small-scale enterprises, women entrepreneurs have the potential to create a remarkable impact on their families and communities." According to mintgenie.com, the majority of Indians grapple with various financial difficulties, mainly stemming from a deficiency in financial knowledge and awareness.

“Tax the rich” has been a popular rallying cry for many people who feel victimized, entitled or have a weak understanding of how Canada and other countries tax their residents and redistribute income.

Akhil Mittal, Senior Fund Manager- Fixed Income, Tata Asset Management, says longer term, these elevated interest rates are worth buying today because globally we will not see these interest rates two, three or five years down the line. So it makes sense to buy interest rates right now, especially if you talk about the US. From 2008 till 2020, we saw those zero interest rates and tons of tons of money printed post the Global Financial Crisis. Investing in the US bonds for the purpose of diversification can sound like a very interesting idea. Can you explain the entire trajectory of the US bonds looking at the interest rate scenario. Do you think it is a good time to lock your money in these kinds of investment avenues? Broadly on the interest rate trajectory side, worldwide, from 2022 onwards, central banks have been pushing rates higher.

Kamal Nath after his 'tear clothes' remark caused flutter and triggered speculation of rift in Congress, Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Wednesday said Nath had earlier given a similar power of attorney to his colleague Digvijaya Singh to run the government. Mocking Nath, Chouhan also said Congress leaders are amazing as they give the «power of attorney» to others even for taking abuses.

Shikhar Dhawan recently shared a glimpse of his emotional journey post-divorce on his Instagram account. The cricketer, who has been going through a challenging period after his divorce from ex-wife Aesha Mukerji, expressed his love for his son, Zoravar, through a touching video call.