2020 Financial News

Subscribe to enjoy similar stories. With the rising share of gig employment in India’s labour market, the welfare of gig workers who make home deliveries for e-commerce platforms has been gaining political attention. The government recently announced its intention of using its e-Shram portal—an initiative aimed at creating a National Database of Unorganized Workers (NDUW)—to identify and extend the benefits of its social-security schemes to gig workers working for e-commerce platforms.

The enterprise software maker, whose corporate strategy now includes buying the cryptocurrency, bought the tokens between Oct. 31 and Nov. 10, according to a statement on Monday. It’s the largest amount of tokens purchased since the firm announced in December 2020 that it snapped up 29,646 Bitcoin.

With Q2 earnings season already turning out to be the worst since March 2020, Sunil Tirumalai, Chief GEM Equity Strategist at UBS, says chances of further earnings cuts are higher than earnings increases. «In the context of slowing signs in the economy (with nominal GDP growth currently in the bottom quartile of 15 year history), renewed fears of slowdown in global trade after changes in US political landscape, and a gradual slowdown in bank credit growth – it is hard to envisage a situation of sharp earnings increase for the stocks,» he says. Edited excerpts from a chat ahead of UBS India Summit:

The top executive and two other employees of Australia's gold mining company Resolute Mining have been arrested and detained by Mali’s military junta

U.S. auto safety regulators are investigating complaints that engines can fail on as many as 1.4 million Honda and Acura vehicles

The probe by the National Highway Traffic Safety Administration covers the 2016 through 2020 Honda Pilot and Acura MDX, as well as the 2018 through 2020 Honda Odyssey and Acura TLX. Also included is the 2017 through 2019 Honda Ridgeline. The agency says in documents posted on its website Monday that connecting rod bearings on vehicles with 3.5-liter V6 engines can fail, leading to complete engine failure. Connecting rods link the pistons to the crankshaft and convert vertical motion to move the wheels.

Dharmendra Pradhan on Monday said the National Education Policy 2020 has emphasised Indians becoming global citizens by adopting good values, being future-oriented, and at the same time remaining connected to their roots. Addressing the 15th convocation ceremony of Jain Vishwa Bharati, Pradhan said the life philosophy propagated by India centuries ago that non-violence, balanced life, self-contentment, and right conduct are the essence of right knowledge is what the world needs today. «It has been said in the new National Education Policy that we have to become global citizens by adopting good values. We have to remain connected to our roots and be future-oriented,» he said. Jain Vishwa Bharati (JVB) is an institute with an emphasis on Jain studies and the Prakrit language, as well as Ahimsa (non-violence), Jeevan Vigyan (science of living) and Preksha Dhyan (Preksha meditation).

This marks a significant increase of TWD 634.669 million, or 53.48 per cent, from the current year's TWD 1,186,718,000, according to the Legislative Yuan's Budget Centre. Compared to last year's confidential spending of TWD 751,157,000, the proposed budget represents a jump of TWD 1,070,230,000, or 142.48 per cent. The rise has sparked calls for greater transparency regarding the use of these funds.

Global brokerage firm Jefferies has cut FY25 earnings estimates for 63% of 121 companies, its highest downgrade ratio since early 2020. Earnings cut by Jefferies analysts imply a 2.2-2.5% cut in Nifty earnings estimates during the ongoing results season.

Many veterans who’ve started small businesses tell a similar story: Their military service prepared them mentally for the task, but they were at a disadvantage when it came to the financial part

Foreign institutional investors (FIIs), who had sold Indian stocks worth about Rs 94,017 crore last month, continued to hit the sell button in November where the outflow was around Rs 23,398 crore in the first six trading sessions of the month. Till Thursday, FIIs were net sellers to the tune of Rs 19,994 crore, according to NSDL data. Friday's session saw foreigners offloading another Rs 3,404 crore.

eco-tourism flop show: PWD minister Brijesh Singh arrived for a grand event at Okhla's wetland sanctuary hoping for a glorious avian spectacle — only to find no bird in sight. Not one. But Singh, undeterred by this feathery no-show, soldiered on with his speech, praising eco-tourism and all its (imaginary) wonders.

Subscribe to enjoy similar stories. In 1872, Victoria Clafflin Woodhull became the first woman to stand as a candidate in an American presidential election (for the Equal Rights Party). The spirited spiritualist chose the radical abolitionist Frederick Douglass as her running mate, albeit without seeking his consent or informing him.

To help save for retirement, Canadians are encouraged to contribute to a registered retirement savings plan (RRSP) each year. The amount you can contribute is based on 18 per cent of the prior year’s earned income, up to an annual maximum. For 2024, that annual maximum is $31,560. Earned income includes employment earnings, self-employment earnings, and rental income.

The Small Business Administration said it backed $56 billion in financing to small businesses and disaster-affected areas during the fiscal year ending Sept. 30, up 7% from a year prior

Wealthtech platform Nivesh has acquired the wealth management platform Wealthzi, operated by Lime Internet Private Limited, for an undisclosed amount.

Middleton moved to New York in 2020 to take on the role of head of institutional distribution for North America, after which he was then named CEO of North America in 2022, before being promoted into his current role. Schroders Personal Wealth ditches multi-manager structure He started his career at Schroders in 1992 and has held several roles across business distribution and marketing. Effective from 1 January 2025, he will succeed current head of UK James Rainbow, who is set to leave Schroders to «pursue opportunities outside of the business», where he spent the last 17 years. ...

unemployment benefits rose marginally last week, suggesting no material change in labor market conditions and reinforcing views that hurricanes and strikes had resulted in job growth almost stalling in October.