2020 Financial News

Nippon Life India Asset Management, including CEO Sundeep Sikka, head of fixed income Amit Tripathi, and Milind Nesarikar, have applied for a settlement with market regulator Securities and Exchange Board of India (Sebi) in the ongoing Yes Bank AT1 bond case, in order to avoid formal proceedings, according to sources familiar with the matter. A legal expert said that if Sebi accepts the settlement, formal proceedings may not be pursued further.

Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India has asked private equity firm Warburg Pincus to bring down its stake in mortgage lender Home First Finance to 20% or lower before completing the proposed acquisition of Shriram Housing Finance, according to two people involved in the transaction. “Warburg has to divest 3% of their stake in Home First; they currently have around 23%.

U.S. job openings tumbled last month to their lowest level since January 2021, a sign that the labor market is losing some momentum

The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute

Millennials’ wealth has been falling further behind other generations, according to Statistics Canada.

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Donald Trump and Vice President Kamala Harris in critical swing states. Experts believe that narrow margins in these battlegrounds could lead to recounts, especially if vote tallies fall within the threshold triggering an automatic or candidate-requested recount. Key states like Arizona, Georgia, and Pennsylvania, which determined the election’s outcome in 2020, are once again in focus, with both candidates showing neck-and-neck numbers, as mentioned in a report by Forbes.

Subscribe to enjoy similar stories. New Delhi: Amid rising complaints of ineffective enforcement of environmental regulations by State Pollution Control Boards (SPCBs), the Centre is set to introduce stricter criteria for appointing chairpersons to these critical bodies, responsible for enforcing the Water (Prevention and Control of Pollution) Act and the Air (Prevention and Control of Pollution) Act, two officials told Mint. Under the new guidelines by the ministry of environment, forest and climate change (MoEFCC), politicians will no longer be eligible for these critical positions.

The Republican ex-president, who is in a dead heat with Democrat Kamala Harris in the race for the White House, has never acknowledged the legitimacy of his election defeats — from the 2016 Iowa primary to his presidential contest in 2020. His denialism deeply polarized the country last time around, and his continued attempts to sow distrust in US democracy have sparked fears of a repeat of the violence seen during the 2021 storming of the US Capitol.

residential supply post-pandemic, becoming the third-largest market in Gurugram after Dwarka Expressway and New Gurgaon, according to the data by Square Yards. This growth is driven by improved infrastructure and increased developer activity. The total new supply in Sohna since 2020 has already surpassed the cumulative supply of the previous decade (2010–2020), signalling an inventory with an average age of less than four years. The market is dominated by 2BHK units, accounting for 65% of supply, followed by 3BHK units at 26%.

Having spent almost two decades at abrdn between 2001 and 2020 in a raft of senior roles including global head of high yield, Logan has returned to his previous position, succeeding Ben Pakenham, who has departed to pursue other opportunities.  abrdn reshuffles fixed income team as global head Craig MacDonald exits after two decades Logan will sit in abrdn's 140-strong fixed income team, bringing with him more than 30 years of experience in credit investment. Jonathan Mondillo, head of global fixed income at abrdn, said: «We are very pleased to welcome back to abrdn Logan, who is a...

Congress on Monday sought an all-party meeting to get clarity on whether the next census would include a detailed enumeration of all castes and whether the census will be used for determining the strength of each state in the Lok Sabha. Congress general secretary in-charge communications Jairam Ramesh said the extension of the tenure of the Registrar General and Census Commissioner has been notified and it means that the long-delayed Census that was due in 2021 will finally be conducted soon. «But there is still absolutely no clarity on two crucial issues. Will this new Census include a detailed enumeration of ALL castes in the country, in addition to that of scheduled castes and scheduled tribes that has been done in every Census since 1951? According to the Constitution of India, such a Caste Census is the sole responsibility of the Union Government,» Ramesh said in a post on X. «Will this Census be used for determining the strength of each state in the Lok Sabha as provided for in Article 82 of the Constitution of India (which says that the first Census taken after the year 2026 and the publication of its results will the basis of any such reconstitution)? Will this work to the disadvantage of states that have been pioneers in family planning?» the Congress leader said.

Nate Silver in an op-ed for the New York Times wrote that his «gut says» that former US President Donald Trump will win the November 5 election, while warning that polling data indicate the race could still go either way. «But don't trust anyone's gut, even mine,» he wrote in a New York Times op-ed. His current model gives Trump, the Republican nominee, a 53.1 per cent chance of a second term in the White House. Nate Silver's model currently rates the Republican nominee with a 53.1 percent chance of becoming the 47th president of the United States. “In an election where the seven battleground states are all polling within a percentage point or two, 50-50 is the only responsible forecast," he wrote in his forecast. «So OK, I'll tell you. My gut says Donald Trump. And my guess is that it is true for many anxious Democrats,» Nate wrote. «But I don’t think you should put any value whatsoever on anyone’s gut — including mine. Instead, you should resign yourself to the fact that a 50-50 forecast really does mean 50-50. And you should be open to the possibility that those forecasts are wrong, and that could be the case equally in the direction of Trump or Harris.»

Subscribe to enjoy similar stories. “It’s very creepy down here," says Hannah Lee Duggan as she leads the way into her basement. It looks like the staging area for a “Saw" trap.

Trump's four criminal cases are quietly chugging along in court even as his race against Vice President Kamala Harris dominates the news. Important legal battles continue to be fought, and motions to be filed. Even now, Trump's lawyers are preparing for him to be sentenced — possibly to jail time — on his one conviction so far at a hearing in New York City scheduled for three weeks after Election Day, NYT Service reported. Trump has told people close to him that if he wins the election, the legal cases would simply «go away.» On Thursday, he said he would fire Jack Smith, the special counsel who filed two federal cases against him, «within two seconds» if he regains the White House. «I don't think they'll impeach me if I fire Jack Smith,» Trump, who was impeached twice by the House of Representatives, told radio host Hugh Hewitt.

But using gourds, the wider term for bulbous vine fruits of the Cucurbitaceae family, to symbolise heads has an older history. In India, ash-gourds have been used instead of human sacrifices for centuries. The ones kept outside homes to ward off evil often have crude faces painted on them. Gourds grow in most parts of the world and their often-imposing shapes and blandly adaptable flesh mean that societies have found many uses for them. Gourds are used as masks and covers for more private regions. Dried gourds are used in musical instruments such as sitars and banjos. They are used as receptacles for water and foods, and this, in turn, gives them symbolic value. “The great significance of the gourd to many people is perhaps no better shown than by its prominence in their creation myths,” writes Charles Heiser in The Gourd Book. Many stories have gods or the earliest humans created and sheltered in gourds.

Kamala Harris was asked at a recent forum to talk about her life for the benefit of voters who are still getting to know her. It was the type of question typically asked of a new candidate. But here was Harris getting it less than two weeks before the Nov. 5 election and after millions of people already had voted. Her response underscored perhaps the defining challenge of her campaign for the White House. «How much time do we have?» Harris quipped.

Subscribe to enjoy similar stories. New Delhi: In its horizontal expanse, the history of Delhi engulfs the rise and fall of many empires: from the Indraprastha of the epics to the Rajput kings, the Sultans, the Mughals and the British, to being the nerve centre of the world’s largest democracy. And like its layers of history, Delhi’s seasons were once famed, particularly its harsh winter.

Amit Upadhyaya, a Pune-based corporate executive, has achieved financial independence at age 46. Despite working for a French multinational (Dassault Systemes) for two decades, Upadhyaya does not credit his wealth to a high corporate salary or employee stock options. He sees it as the outcome of investing in the right stocks and funds and holding on to them.

In his three-hour interview with podcaster Joe Rogan, Donald Trump dug in on his false claims about voting, election fraud and his loss in the 2020 presidential election. Rogan helped encourage some of these claims.

The global push for biomass that can be burned for energy is causing concern about the price Indonesia's forests are paying