2020 Financial News

The Treasury market is serving up levels of volatility last seen during the pandemic-era turbulence of March 2020.

Raymond James will soon be integrating fintech 55ip’s cutting-edge tax management technology across its managed accounts platform, the firms announced Tuesday.

Car thefts are on the rise in the US, with Federal Bureau of Investigation (FBI) data revealing the latest trends in crime. In the United States last year, almost a million vehicles, valued at over $20 billion, were stolen.

NEW DELHI : Low-cost airline IndiGo has almost doubled its share of India’s international flights in the first quarter of FY24 from the corresponding pre-pandemic period, expanding its lead in this lucrative segment. Between April and June, IndiGo, the largest domestic airline, has achieved a 17.2% market share, among both Indian and foreign airlines operating on international routes, up significantly from 9.6% in the June quarter of 2019, according to data from the Directorate General of Civil Aviation (DGCA). In comparison, foreign aviation giant Emirates’ share of total international passengers dropped from 9.7% to 8.6% during the period under consideration.

Rebalancing act Putting fresh money in new debt funds or mutual fund folios rather than in old fund is one of the ways in which investors can still keep a large part of their investments tax-efficient. “Investments needed for short-term objectives can go into new funds, so that older funds continue to build up their tax-efficiency with indexation," says Amol Joshi, founder of Plan Rupee Investment Service. Investment advisors often ask investors to adjust their asset allocations in line with market conditions.

real estate services and investment major ESR Group is planning to develop a large logistics park spread over 1.4 million sq ft in Nagpur and has acquired 58 acres of land for the same. The Hong Kong Stock Exchange-listed company will be investing over Rs 400 crores for the construction and development of the warehousing hub, ESR Nagpur Logistics Park 2, which will be its second logistics park in Nagpur and its twentieth park in India. The park is being designed to accommodate 10 buildings, with each building size ranging from 67,000 sq ft to 190,000 sq ft to meet a broad spectrum of tenant needs ranging from e-commerce to third-party logistics (3PL), retail and fast-moving consumer goods (FMCG). “ESR’s investment in this new grade A asset builds upon the robust response to our first logistics park in Nagpur. Our flagship 22.5-acre development, ESR Nagpur Logistics Park 1, has been operating at full occupancy since completion in 2020 having attracted high-profile tenants from retail and e-commerce domains… Our work is focussed on driving long-term sustainable growth of the economy and uplifting local communities,” said Abhijit Malkani, CEO, ESR India. According to him, the company is looking to harness Nagpur’s strategic advantages and support the burgeoning demand for new economy spaces with this second logistics park in the city.

₹31,000 for 2 years New amount (per month): ₹37,000 per month for 2 years. Previous amount (per month): ₹35,000 per month for remaining tenure New amount (per month): ₹42,000 per month for remaining period.

By Maria Martinez

Ex-Think Childcare boss Mat Edwards’ latest IPO, Nido, has sent cheers through Sydney firm Alceon Private Equity’s investors.

The lawyer representing 184 former Facebook content moderators based in Kenya who have sued the site's parent company, Meta, over working conditions and pay has told the judge that Meta was not sincere in trying to reach an out-of-court settlement as a...

Commercial operations have begun at Cambodia’s newest and biggest airport, designed to serve as an upgraded gateway to the country’s major tourist attraction, the centuries-old Angkor Wat temple complex in the northwestern province of Siem Reap

A populist former prime minister of Slovakia who plans to end the country’s military support for Ukraine has signed a coalition agreement with the leaders of two other parties to form a new government

Pacific Gas & Electric wants to bury many of its power lines in areas threatened by wildfires

Alberta Premier Danielle Smith says phone beats face-to-face when it comes to gauging public opinion on quitting the Canada Pension Plan, but the Opposition NDP says something this big needs to be in person.

Rio Tinto has hinted that a three-year boom in lithium prices is coming to an end, but unlike its old rival BHP, the company says predicted supply shortages will ensure strong “market fundamentals” for the battery mineral longer term.

Private equity likes the look of family-owned waste management business JR Richards & Sons.

TIRANA (Reuters) — The European Union wants to bring six Western Balkan countries closer to membership of the bloc but wants them first to implement reform and create their own single market, European Commission President Ursula von der Leyen said on Monday.

By Rachel Savage

The federal government was forced to acknowledge the potential risks of climate change on the value of sovereign bonds as it settled a landmark case on Monday that alleged it had misled or deceived investors, and the Federal Court judge involved said global warming would likely be “a huge drain on Commonwealth resources”.

Suzanne Somers, the effervescent blonde actor known for playing Chrissy Snow on the television show Three’s Company and who became an entrepreneur and New York Times best-selling author, has died. She was 76.

United Nations and other International Organisations in Geneva," the MEA said. “He is expected to take up the assignment shortly," the brief official statement further added.