2020 Financial News

Two journalists who led a now-shuttered Hong Kong online news outlet will hear a verdict in their sedition case on Thursday, in a trial that’s seen as an indicator for press freedom in the semi-autonomous Chinese city

Meta CEO Mark Zuckerberg says senior Biden administration officials pressured Facebook to “censor” some COVID-19 content during the pandemic

Rahul Rathi, Chairman & Fund Manager, Purnartha PMS, says in their investment strategy, the first driver is volume growth; the second driver is operating margin expansion and the third driver is valuation. They picked up GAIL last year at Rs 110, margins were at 1% compared to historical margins of 13% to 15% and they knew that margin contraction was temporary. Valuations were lower. It was a largecap and they rode its benefit. They are riding the benefit of a similar thought process in Tech Mahindra. It is a bottoms-up strategy and instead of one driver and the environment where interest rates came down, the focus is on three drivers. How are the markets looking? Where are you picking your spots? Rahul Rathi: Let us look at the background and then I will tell you how things have changed. Over the last 15 years delivering returns, we have always believed that good companies with large volume growth meant a certain value-addition and asset appreciation could happen to the portfolio. We believed in businesses that had a certain volume growth, which was about 10% and which did not borrow money.

Siemens Corporation is facing a lawsuit over its use of forfeited assets in its nearly $9 billion US 401(k) plan.

Suraksha Group has infused Rs 250 crore in Jaypee Infratech after acquiring it through insolvency process and has also arranged a Rs 3,000 crore loan facility, as it gears up to complete around 20,000 unfinished flats in Delhi NCR. Around Rs 1,000 crore cash is lying in the balance sheet of the Jaypee Infratech Ltd, which the bankrupt company has accumulated from real estate business and toll income of Yamuna Expressway that connects Greater Noida and Agra. According to sources, Suraksha Group has infused Rs 250 crore in Jaypee Infratech Ltd (JIL) as equity and debt after taking control of the latter in early June. JIL currently has Rs 1,250 crore fund, including Rs 1,000 crore internal cash and Rs 250 crore infusion from Suraksha group.

NC) on Tuesday released a second list of candidates for the upcoming assembly election in Jammu and Kashmir, which included the name of former chief minister Omar Abdullah as its candidate from Ganderbal constituency in central Kashmir. After his release from a year-long detention in 2020, following abrogation of Article 370 in August 2019, Abdullah had claimed that he won't contest elections unless statehood was restored to J&K. However, when the assembly election was announced recently, his father Farooq Abdullah and other party members started stressing on the importance of Omar contesting the polls. Abdullah, too, in his recent press interactions, said that «not fighting the elections could be a mistake». He was also quoted as saying, «It won't be right to seek votes when I won't be contesting the elections.»

Prime Minister Narendra Modi has said that his call from the ramparts of the Red Fort on Independence Day to the youths from non-political backgrounds to join the political system has got an impressive response, with many people reaching out to him through letters and social media. In an apparent dig at some of the Opposition parties which 'promote dynasty politics', he underlined that some of these talented youths from ordinary families informed him that family-based parties crush ambitions of capable people. In his 113th Mann ki Baat address, the PM recalled on Sunday his request that one lakh youths from non-political backgrounds should become a part of the political system. «This call from me has garnered a tremendous response. We learnt that a large number of our youths are eagerly ready to enter politics. All they are looking for is the right opportunity and apt guidance,» he said.

Thousands of people live downstream from dams yet may not always realize the risks

This column is part of the eighth annual Heard on the Street stock picking series. Pharmaceutical firm Grifols is wounded. The bleeding can be stopped. Between the time it first listed on Spain’s stock market in 2006 and the onset of the Covid-19 crisis in 2020, the Barcelona-based company outperformed the S&P 500 almost fivefold thanks to its role as a supplier of blood-plasma-based medicines and its geographical diversification.

2024. This event will be closely monitored by NASA to gather important data, though it poses no threat to the planet.

The latest chapter in a seemingly endless saga over the management of Italy’s lucrative beach concessions has set Italian beaches on fire this summer

A Missouri nonprofit founded in 2015 to help address the issues that contributed to the police shooting death of Michael Brown Jr. and the riots that followed has faced the same lament many philanthropies face

Canadian real estate investment trusts are primed for a rebound as investors grow more confident in near-term interest rate cuts across North America, according to TD Cowen.

Due to an increasing threat from a potentially deadly mosquito-borne disease, a coastal town in Massachusetts has closed its parks, playgrounds and sports fields from dusk to dawn, according to town officials.

Mint. The startup sought a valuation of more than $300 million compared with about $76 million in the previous round, the people said. “Minimalist also approached L Catterton, but the US-based private equity firm did not proceed with the discussions," one person said.

Jindal Steel. He emphasised that the Cabinet has decided to implement the order issued on May 6, 2021, during the B S Yediyurappa-led BJP government, following a High Court directive on March 12, 2024. Karnataka Cabinet on Thursday gave its approval for executing an absolute sale deed for 2,000.58 acres of land at Kurekuppa and Toranagallu villages in Sandur taluk, and 1,666.73 acres of land at Toranagallu, Musinayakanahalli and Yerabanahalli, in favour of JSW Steel. JSW Steel will get 2,000.58 acres at Rs 1.22 lakh per acre and 1,666.73 acres at Rs 1.50 lakh per acre.

BJP) on Monday issued a statement, calling out Kangana Ranaut on her statement linking the current unrest in Bangladesh to the farmers protest of 2020 in India. In its statement, the BJP said that it doesn't agree with Ranaut's statement on India's farm agitation of 2020. «The statement given by Kangana Ranaut on the farmers protests is not in line with the party's opinion on the matter. The party disagrees with Miss Kangana Ranaut,» the statement read.

Tanvi Patri from Odisha has cemented her status as one of India's most promising badminton prodigies by clinching the girls' singles title at the U-15 Badminton Asia U-17 & U-15 Junior Championships in Chengdu, China, the country where she first honed her skills in the sport. Patri capped off a phenomenal week with a superlative performance, defeating Vietnam's second seed Thi Thu Huyen Nguyen 22-20, 21-11 in a 34-minute final, offering a glimmer of hope after Indian badminton's recent struggles at the Paris Olympics. «I'm feeling good after winning the title,» Patri told PTI from Chengdu. «I had expected to win, and I'm happy I could do that. I've been training at the Prakash Padukone Badminton Academy (PPBA) in Bangalore for the last two years.»

The Dutch data protection watchdog has slapped a 290 million euro ($324 million) fine on ride-hailing service Uber for allegedly transferring personal details of European drivers to the United States without adequate protection

The telecom regulator's ambitious project to deploy blockchain for a first-of-its-kind use case of checking spam through telecom channels-SMS and voice-has had multiple setbacks since its deployment started in 2020. Price wars among telecom companies, a lack of seriousness among enterprise senders of commercial messages, and evolving tactics among spammers are helping spam continue largely unabated while blocking some genuine messages to customers. Back in March 2021, nearly 50%, or 370 million, commercial messages, including OTPs, failed to deliver when the template filtering system was first implemented. Another such disruption-albeit not of that scale-is expected to occur from September 1 when weblinks filtering will go live. ET explains the regulations and their impact over the years. What are TCCCPR Regulations? Back in 2018, the Telecom Regulatory Authority of India (Trai) overhauled the primitive anti-spam regulations to bring in the Telecom Commercial Communication Customer Preference Regulation (TCCCPR) 2018.

British royal family gets their money from a variety of sources. One important source that is supported by tax dollars is the Sovereign Grant. The Sovereign Grant was £86.3 million, or about $113 million, for the years 2021–2022 and 2022–2023. The Crown Estate, which is in charge of overseeing substantial holdings of land and property, provides the funding for this grant. But the majority of this money is used to fund staff salaries, upkeep of the royal homes, and planning of more than 2,500 events per year. The estimated £369 million, or around $483 million, refurbishment project for Buckingham Palace, which is scheduled to be finished by 2027, is another significant investment, as per the reports of Yahoo entertainment.