2020 Financial News

Coal shipments fell more than a fifth in the month to the end of August, recording their lowest level for that period out of the Port of Newcastle, the world’s busiest export terminal for the resource, in at least five years.

₹21-crore IPO. Revenues of this Mumbai-based content creator for TV channels and streaming platforms have surged at an average annual rate of 65% in the last three years to ₹48 crore in 2022-23. Similar growth buoyancy is seen among the top 10 constituents of the BSE SME IPO index, as on 31 August.

Jan Aakrosh Yatra in poll-bound Madhya Pradesh on Saturday, said that the BJP-led state government is not giving the right price to the farmers for their crops. Addressing the public meeting here, Rahul Gandhi said, “Go and ask the farmers of Chhattisgarh how much money they get for the paddy crop. What we promised, we completed it." “For the first time in the history of India, farmers are paying taxes.

By Andrew Osborn

By Tim Reid and James Oliphant

PTI, in his address during an event held here, he also said "Chinese belligerence is evident in its continuing propensity to project power outside its region", in turn presenting a "threat to the rules-based international order". General Pande's speech highlighted the recent hosting of the Indo-Pacific Army Chiefs Conclave by the Indian Army, with participation from leaders or delegations of 30 countries bordering the Indo-Pacific region.

FTX Group, with hundreds of auditor independence violations. Between December 2017 and October 2020, Prager Metis improperly added indemnification provisions to engagement letters to clients for more than 200 audits and other work, the SEC said. This prevented the firm from having the independence required by law, the regulator said.

here.Asian Games 2023 LIVE Updates: With his powerful performance Jeswin Aldrin made place in the men's long jump final. He will compete with Murali Sreeshankar for India in the event.

Redfin CEO Glenn Kelman analyzes the state of the housing market after mortgage rates surged past 7% on 'Cavuto: Coast to Coast.'

geopolitics into the centrestage of their electoral campaigns. While incumbent President Ibrahim Mohamed Solih has strengthened the country's bonhomie with New Delhi in his five-year tenure so far, the opposition camp led by rival presidential candidate Mohamed Muizzu have sharpened their anti-India rhetoric, and hinted at restoring the strong pro-Beijing ties that existed between 2013 and 2018.

Morgan Stanley’s 15,000 financial advisors will have to work harder in 2024 and generate more revenue to earn the same amount of take-home pay as they did this year.

Wonder Group is buying meal kit company Blue Apron for about $103 million as the company looks to enhance its offerings

CBI court in Mumbai on Friday granted bail to former policeman Sachin Waze in connection with a 2021 extortion case filed on the complaint of a hotelier. Waze had approached the special court in August this year after being denied bail by a metropolitan magistrate. Waze, currently in judicial custody in the Antilia bomb scare and other cases being probed by Enforcement Directorate and Central Bureau of Investigation, was placed under arrest in the extortion case in November 2021.

Tata Power Company to Ba1 from Ba2 and maintained a stable outlook while observing that the company's underlying business and financial profile will remain stable at least over the next 12 to 18 months. «The rating upgrade to Ba1 is driven by Tata Power's solid financial metrics, which are projected to remain above the upgrade trigger set for the earlierBa2 rating,» Moody's Analyst Yong Kang said. In a note, Moody's said it could upgrade Tata Power's rating if the company's standalone credit quality improves, such that its CFO pre- WC/debt rises above 13%on a sustained basis. Tata Power's rating incorporates the company's standalone credit quality and a one-notch uplift for shareholder support in Tata Sons, the note said adding that company's standalone credit quality is supported by predictable cash flow from its distribution businesses that benefit from a stable regulatory framework, and from its fixed-tariff long-term power purchase agreements (PPAs) for its renewable generation capacity. Under Moody's base case projection, Tata Power's operating cash flow pre-working capital to debt (CFO pre- WC/debt) will remain solid at 9%-11% over the next two to three years. Although the projected credit metrics are lower than the actuals recorded in fiscal 2023, Moody's expects Tata Power to be able to sustain these credit metrics. Tata Power's takeover of distribution companies in Odisha and the subsequent improvement in its operations, underpinned by declining electricity losses, have strengthened its business profile, the note said.

telecom department’s view that cloud services come within the jurisdiction of the Ministry of Electronics & Information Technology (MeitY) as well as the latter’s suggestion that any light-touch regulation would stifle growth of India’s cloud ecosystem. The regulatory authority further reiterated it had the powers to make recommendations on cloud services. In its response to a Department of Telecommunications (DoT) back-reference, the Telecom Regulatory Authority of India (Trai) has stuck to its earlier position that cloud infrastructure/services can’t be separated from telecom infrastructure/services from a regulatory perspective, and that in an age of convergence, regulatory interventions must happen as and when required in the case of cloud services to protect customer interests. Back in September 2020, Trai had recommended a light-touch regulatory framework for cloud services via setting up of an industry body through a three-step process.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Tata Power's takeover of distribution companies in Odisha and the subsequent improvement in its operations, underpinned by declining electricity losses, have strengthened its business profile, the ratings agency said in the report.

By David Milliken and Andy Bruce

Armenian officials say more than 70% of Nagorno-Karabakh's original population have fled the region for Armenia

work-from-office model for a while now. In its FY23 annual report, the company stressed the importance of physical interaction among employees.

Slovakia holds an early parliamentary election on Saturday that pits populist former Prime Minister Robert Fico who campaigned on a clear pro-Russia and anti-American message against a liberal pro-West newcomer

European Union governments are struggling to overcome obstacles to put a new asylum system in place three years after unveiling a plan to reform the bloc's outdated asylum rules