2020 Financial News

TikTok, which was banned in India in 2020, is now a step closer to meeting the same fate in the United States. A US federal court last Friday rejected TikTok’s appeal challenging a law requiring it to divest from its Chinese parent company or shut up shop next month. ET explains the case and what’s in store for the platform. Why does the US government want to ban TikTok?

As we noted earlier, Dan Avery has finally landed at Balyasny Asset Management (BAM). And he's understood to be hiring.

Congress general secretary in-charge communications Jairam Ramesh said a discussion in Parliament on the India-China relationship should focus on both strategic and economic policy, especially since our dependence on China has increased economically, even as it unilaterally changed the status quo on our borders over four years back. In a statement, Ramesh said the Congress has studied the recent suo motu statement made by External Affairs Minister S Jaishankar in both Houses of Parliament titled «Recent Developments in India's Relations with China».

Comptroller and Auditor General (CAG) unearthed a loss of excise revenue amounting to Rs 75.07 crore due to manipulation of manually maintained sales registers by retail shops of alcoholic beverages in Odisha during the COVID-19 pandemic. In its report, which was placed in the assembly on Saturday, the CAG said that the Odisha Excise Department in May 2020 imposed the Special COVID Fee (SCF), at the rate of 50 per cent of the maximum retail price, on all foreign made foreign liquor, Indian Made Foreign Liquor (IMFL), beer, wine and ready to drink beverages, sold in the state. SCF was imposed in view of the expected loss of excise revenue, on account of the two months' shutdown, as a response to the COVID-19 pandemic.

Modi government has agreed to a «new normal» over the «old normal» prevailing prior to April 2020 and demanded that Parliament must be given an opportunity to debate the full gamut of the relationship between the two countries. Congress general secretary in-charge communications Jairam Ramesh said a discussion in Parliament on India-China relationship should focus on both strategic and economic policy, especially since our dependence on China has increased economically, even as it unilaterally changed the status quo on our borders over four years back. In a statement, Ramesh said the Congress has studied the recent suo motu statement made by External Affairs Minister S Jaishankar in both Houses of Parliament titled «Recent Developments in India's Relations with China».

Subscribe to enjoy similar stories. Owning stocks with big dividends might finally start paying off. Dividend-paying stalwarts such as JPMorgan Chase and Merck are primed to fare better in the coming year, some investors said.

Navodaya Vidyalayas (NVs) across India, Prime Minister Narendra Modi on Saturday said that the government is committed to providing school education to every section of the society in accordance with the National Education Policy. «We are committed to providing school education to every section of the society in accordance with the National Education Policy. In this regard, our government has approved 28 new Navodaya Vidyalayas across the country. This will expand residential and quality school education on a large scale,» PM Modi posted on X. On Friday, the Union Cabinet approved the establishment of 28 new Navodaya Vidyalayas (NVs) in districts that are currently not covered by the Navodaya Vidyalaya Scheme.

Reserve Bank of India's (RBI) first cut in the cash reserve ratio (CRR) since March 2020 is likely to provide much needed liquidity to the banking system, cooling off bulk deposit rates and lift core profitability of lenders by up to 5 basis points, bankers said. One basis point is a hundredth of a percentage point.

Canadian Western Bank shares sank after the firm delayed its fiscal fourth-quarter earnings release Friday morning and left investors guessing why.

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Subscribe to enjoy similar stories. At this moment, if you search for streetwear fashion online, you’d be spoilt for choice. T-shirts, shirts, dresses, featuring quirky prints and slogans—the basic building blocks of streetwear—are one too many.

Hiring in the United States likely rebounded last month from a dismal October, when hurricanes and strikes reduced job growth to its lowest level in nearly four years

The Liberal government has outlawed another 324 firearm varieties — guns it says belong on the battlefield, not in the hands of hunters or sport shooters.

Eli Lilly is spending another $3 billion to bulk up manufacturing as the drugmaker seeks to stoke production of some blockbuster drugs and future products

Smartmatic is not required to give Fox News a trove of information about U.S. federal charges against the voting machine company’s co-founder over alleged bribery in the Philippines

Pakistan’s state-run airline says it is preparing to resume direct flights to European countries early next month

Subscribe to enjoy similar stories. China is the handmaiden to the globe’s energy transition—and will continue to be so once an anti-transition president occupies the White House again next month. As if to advertise that, Beijing announced that, in response to US export controls on advanced chips, it was banning exports to the US of several critical minerals and tightening restrictions on sales of another, graphite.

Just one retail chain was enough for Taylor Swift to have the top-selling book last week and the biggest publishing launch of 2024

Rob Dixon, who has already served as an equerry to Prince William since the year 2020 eventually announced his departure from the role in an emotional LinkedIn post while stating it was ‘time to move on’, reported People. According to People, in his message, Rob Dixon expressed his gratitude for the ‘incredible opportunity’ to serve while highlighting how the role allowed him to grow and contribute alongside a talented team. He also reflected on significant events during his tenure which included the funerals of Prince Philip and Queen Elizabeth II, the Platinum Jubilee celebrations and King Charles III’s coronation. Also Read: This property in the US is the most expensive; here is its whopping cost, is it worth that much? Finding a buyer may be difficult

New research shows that nearly three out of 10 U.S. drugstores that were open during the previous decade had closed by 2021

AC/DC has announced their highly anticipated ‘Power Up’ North American tour while marking the band's first tour in the region in nine years, reported Deadline. According to Deadline, the tour is all set to kick off on April 10 in the year 2025 at the US Bank Stadium in Minneapolis and will run through May 28 while concluding at Huntington Bank Field in Cleveland. This tour follows a successful European leg and is named after their 2020 album, Power Up. The current lineup includes founding members Angus Young and Brian Johnson along with Stevie Young, drummer Matt Laug and bassist Chris Chaney, asserted Deadline.