2020 Financial News

Subscribe to enjoy similar stories. WASHINGTON—Joe Biden made the central purpose of his presidency clear in his Inauguration Day address: “We have learned again that democracy is precious. Democracy is fragile," he said at the U.S.

Deepak Shenoy, Founder, Capital Mind, says 2008, or 2013 falls, apart from 2020, were much tougher times than this. While the 2024 crash has been a bad dream, the earlier crashes were nightmares. In 2024, we were down 10%, but we have come back up. The GDP numbers are problematic, but part of it had to do with the relatively slow recovery from the post-election result phase when you did not get as many capex orders. Is the nightmare over or will the nightmare come back again? How should long-term investors look at the last three months? Deepak Shenoy: It is an interesting thing that we call it a nightmare because it has been tough for people who perhaps have not seen steep falls in the index. But overall if you have seen 2008, or 2013, apart from 2020, those were tougher times than this, way tougher. While I would say this is a bad dream, those things would be nightmares. We were down 10%, we have come back up. The GDP numbers are problematic, but part of it had to do with the relatively slow recovery from the post-election result phase when you did not get as many capex orders.

Adani Group have approached the Securities and Exchange Board of India (Sebi) seeking settlement in a case that alleges violations of public shareholding norms through unfair practices at four listed companies of the infrastructure conglomerate. Emerging India Focus Funds (EIFF), a Mauritius-based foreign portfolio investor (FPI) that Sebi alleges is linked to Vinod Adani, the older half-brother of Gautam Adani, last week proposed a settlement amount of ₹28 lakh, according to documents reviewed by ET. Additionally, group flagship Adani Enterprises (AEL) director Vinay Prakash and Ambuja Cements director Ameet Desai (whose role in his capacity as an AEL director in 2014 is the subject of the present matter) have each offered ₹3 lakh as settlement amount.

America’s wealthiest have long urged each other to give away more money.

MicroStrategy (MSTR) bought another $1.5 billion worth of bitcoin (BTCUSD) last week, the company said Monday.

make in India to sell in India', results have been disappointing. Between September 2020 and May 2022, defence-related FDI barely reached $65 mn, with no major JVs announced for the manufacture of complex weapon systems. In line with the 2020 revised FDI rules, GoI permitted foreign OEMs to bid for defence contracts through 74% majority-held JVs with local partners. GoI expected huge FDI inflows, and that foreign OEMs would set up JVs to manufacture and sell weapon systems. Hasn't happened. The challenge for foreign defence OEMs to manufacture here centres on three issues:

Joe Biden pardoned his son, Hunter, sparing the younger Biden a possible prison sentence for federal felony gun and tax convictions and reversing his past promises not to use the extraordinary powers of the presidency for the benefit of his family, as per a report. The Democratic president had previously said he would not pardon his son or commute his sentence after convictions in the two cases in Delaware and California. The move on Sunday night comes weeks before Hunter Biden was set to receive his punishment after his trial conviction in the gun case and guilty plea on tax charges, and less than two months before President-elect Donald Trump is set to return to the White House, AP reported. It caps a long-running legal saga for the younger Biden, who publicly disclosed he was under federal investigation in December 2020 — a month after his father’s 2020 victory — and casts a pall over the elder Biden's legacy.

President-elect Donald Trump has picked Indian-origin Kash Patel to lead the FBI. Patel is one of the Trump's most loyal enforcers and a conspiracy theorist — a 2020 election denier who wants to purge the so-called «deep state». He recently publicly pledged to investigate and prosecute Trump’s enemies in the media and government, according to The Rolling Stone. “I am proud to announce that Kashyap ‘Kash’ Patel will serve as the next Director of the Federal Bureau of Investigation. Kash is a brilliant lawyer, investigator, and ‘America First’ fighter who has spent his career exposing corruption, defending Justice, and protecting the American People,” Trump posted on Truth Social on Saturday evening.

In recent years, the decline in debt mutual fund investors has been alarming. Since 2020, folios in fixed income funds have dropped to 7.1 million from 8.1 million even as equity-oriented fund folios have skyrocketed to over 1.5 billion from 638 million. While the percentage of total MF assets to bank fixed deposits has risen to 31% in 2024 from 16% in 2020, the ratio of fixed income assets under management to bank deposits remains a paltry 7.5% as of October 2024.

Madame Web actress, Dakota Johnson and Coldplay’s Chris Martin. The couple who had once been inseparable seem to spending more time apart. After seven years together, their time apart has been raising concerns among friends about the future of their relationship. According to Radar Online, Dakota Johnson appeared downcast while out with friends in Los Angeles, while Martin was on tour with his band, Coldplay. Reportedly, their friends are puzzled by the couple’s apparent avoidance of spending time together in public. Rumours of their split surfaced when a Coldplay fan posted about a ride Chris had given her, claiming he told her he was «single.» However, Johnson's representative swiftly denied the rumours, stating, the reports to be “false” and added that “they are happy together." In August, the rumour mill was strife with reports that the couple had split after Dakota was spotted in Malibu without an engagement ring, which had been a constant presence on her finger since 2020. Additionally, her noticeable absence from Coldplay's recent concerts fueled the speculation. However, the Fifty Shades of Grey actress put an end to the rumours about her split with fiancé and Coldplay frontman Chris Martin. Reportedly, pictures of her surfaced on social media, showing her walking through the streets of Malibu, California, with her emerald engagement ring visible.

Indian cricketer Hardik Pandya recently melted hearts with a touching gesture for his son, Agastya. Known for his bold fashion sense and dynamic personality, Hardik shared a picture on social media showcasing a custom necklace with deep personal significance. The post received an outpouring of love from fans on Instagram who praised his emotional connection with his child. The necklace features a locket of the animal Panda which also symbolises Hardik’s nickname, and a pendant with the letter «A,» a heartfelt tribute to Agastya. This thoughtful piece of jewellery reflects Hardik's unwavering love for his son, earning admiration from fans worldwide. The Instagram post depicted him wearing a white t-shirt and a pair of black sunglasses and he accessorised himself with the special necklace. The caption read, “Stepping out.” One fan described the gesture as a reflection of Hardik's strength and love, while another admired the symbolic chain, calling it a representation of self-respect and deep affection for his son. Fans praised the cricketer for inspiring them with his actions and life lessons, hailing him as a true legend.

Subscribe to enjoy similar stories. The Indian Premier League (IPL) triennial auction in Jeddah, Saudi Arabia, on 24-25 November had as much game strategy as you see on the cricket field. When the dust settled, 10 teams emerged with strengths as well as weaknesses, setting up a well-contested IPL 2025.

National Education Policy 2020 focuses on key reforms in higher education that will enable the next generation to compete in the new digital age and comprehensively outlines the vision of India's new education system, which also inspires the promotion of ancient high ideals. Acharya said that a centre of higher learning should not only be a centre of academic excellence and technical knowledge, but also a place for personality building and promotion of moral values. A university’s objective should encompass giving knowledge of the subject and making a student responsible and sensitive citizen. Addressing the students at the convocation of Royal Global University here this evening, the Governor asked the Royal Global University to develop a model of inclusive education which have the element of compassion for all living beings and take a leading role in educating all students, especially those belonging to unprivileged section of the society.

Things have not worked out well for Travis Klein. Aged only around 28, he will never work in trading again and has been afflicted with a £73k ($93k) fine from the UK's Financial Conduct Authority (FCA). It could have been worse, though. The FCA wanted to fine him £104k but was lenient when it became apparent that doing so would cause Klein some «serious financial hardship.» 

A handful of Massachusetts lawmakers are hoping to persuade their colleagues to support a proposal that would make the state the first to adopt a ban meant to eliminate the use of tobacco products over time

Subscribe to enjoy similar stories. In the messy business of getting rid of employees, the PIP is having a moment. A performance improvement plan is usually a list of tough-to-achieve goals to be completed within 30 to 90 days.

According to reports, the documentary will air on December 3 at 8.15 pm and will shed light into Harry and Meghan’s life in Montecito and their quest for relevance after they stepped down from the royal family back in 2020.

Subscribe to enjoy similar stories. For a new generation of Indian family offices managing the wealth of freshly minted tech and startup billionaires, real estate no longer holds the bragging rights it once did. Their new buzzwords: stocks, private equity, alternative assets, Reits, InvITs, and startups.

Subscribe to enjoy similar stories. Rebels in Syria launched a large-scale attack on Assad government forces, storming a military base and seizing control of swaths of territory in the country’s northwest in the first major outbreak of fighting between the two sides in recent years. The Syrian government said Thursday that its forces are confronting the continuing attack.

Subscribe to enjoy similar stories. There is a famous wine region whose wines I’ve largely overlooked lately. My cellar is proof: I have exactly four bottles of Rioja to my name.

Subscribe to enjoy similar stories. Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. But traders are hardly panicking either.