2020 Financial News

Mint, sitting in his office in Bengaluru’s Koramangala neighbourhood. In 2013, he co-founded Citrus Pay, another payments company, and sold it to Naspers-owned PayU in a cash deal worth $130 million in 2016. Rau decided to take the keys from Singh and joined Pine Labs as CEO in March 2020.

Mint looks at the reasons for this fall, its impact on the economy and what the domestic industry should do. The benchmark per tonne price of hot rolled coil steel—used in automotive, railways, agriculture and mining industries—in Mumbai has fallen to ₹50,900 this month, the lowest since September 2020 when prices were at ₹49,200 per tonne. The current price is nearly 33% less than the peak of ₹76,000 per tonne of April 2022.

Rhea Chakraborty has invited some Bollywood bigwigs to her talk show, ‘Chapter 2’. In the upcoming episode, she sits down with actor Aamir Khan for an in-depth conversation. The two will explore topics such as grief, therapy, cinema, and much more. A new promo shared on Instagram Sunday reveals Rhea and Aamir getting comfortable in what appears to be Rhea's own home, with her husky making a guest appearance. The clip starts with Rhea complimenting Aamir on his appearance. Aamir humbly responds that he finds actors like Hrithik Roshan, Shah Rukh Khan, and Salman Khan to be handsome but doesn't see himself in the same light.

Attack on Titan's conclusion approaches, the beloved anime is set to make a dramatic return with a special event. In addition to an anticipated DVD and Blu-ray release, fans will be treated to Attack on Titan: The Movie: THE LAST ATTACK, a compilation film of the final chapters of the series. The film is slated for release in Japanese theaters later this year, with a worldwide screening yet to be confirmed, as per a report by Collider.

Harris and running mate Tim Walz will campaign by bus in southwestern Pennsylvania on Sunday, hoping to ride the wave of enthusiasm her candidacy has brought to the presidential race to their party's nominating convention in Chicago this week. Vice President Harris and Walz, the governor of Minnesota, will be joined by their spouses, Doug Emhoff and Gwen Walz, as they get on and off the bus in the Pittsburgh area to glad-hand with voters. Harris and Emhoff were scheduled to deliver remarks at an event in the borough of Rochester, in Beaver County, which Donald Trump, the Republican presidential nominee, won in 2020, though he lost the general election to Democrat Joe Biden. Southwestern Pennsylvania is a critical part of a key battleground state that has long commanded the attention of presidential candidates. The state voted for the Republican presidential candidate in 2016 and for the Democratic candidate in 2020. Both Harris and Trump are vying to see who can put Pennsylvania in their column on Nov. 5.

Confederation of All India Traders (CAIT) on Sunday anticipated a festive trade of over Rs 12,000 crore across the country during the Rakhi festival. The trade body said that the markets are witnessing a massive rush for Rakhi shopping, and people are very enthusiastic about the festival. It urged customers to celebrate the festival with Indian goods. Observing the demands for indigenous Rakhis, the trade body stated that customers prefer indigenous Rakhis over Chinese Rakhis during this year's festive season.

Manu Bhaker, who made history as the first Indian to win two medals at a single Olympic Games since independence, also carries a tattoo that reads "Still I Rise." Interestingly, she discovered this phrase on Pinterest following her disappointing pistol malfunction at the 2021 Tokyo Olympics. In an interview with the Times of India, Manu revealed, «I don't know whose words these are, but now they are mine.» This phrase is inspired by Maya Angelou’s iconic poem, «Still I Rise,». The lines, «You may write me down in history with your bitter, twisted lies, you may tread me in the very dirt, but still, like dust, I’ll rise,» have been a beacon of hope and strength for countless individuals worldwide. After Tokyo, where Manu faced harsh criticism and even lost her spot in the national squad for the 10m air pistol event, Manu felt the need for a constant reminder to stay resilient. In January 2022, she decided to get the words «Still I Rise» inked on the back of her neck—a place where the tattoo would be symbolic.

Donald Trump said on Saturday he believed Democrat Kamala Harris will be easier to beat than President Joe Biden even as some polls showed her edging ahead in the race for the Nov. 5 presidential election. Trump, the former president, spoke at a rally in Wilkes-Barre in northeastern Pennsylvania, a state looming large in the campaign. Vice President Harris will conduct a bus tour of western Pennsylvania starting in Pittsburgh on Sunday, ahead of the kickoff of the Democratic National Convention on Monday in Chicago. «I believe she will be easier to beat than him,» said Trump, referring to her as «radical» and a «lunatic.»

Taiwan tracked 13 Chinese aircraft and seven Chinese vessels around its territory until 6 am on Saturday. According to Taiwan's Ministry of National Defence (MND), 12 of the aircraft crossed the median line and entered Taiwan's northern, south-western, and eastern air defence identification zone (ADIZ). It added that Taipei has monitored the situation and «responded accordingly.»

Prince Harry urged caution over artificial intelligence and talked of social media as divisive during a panel in Colombia's capital Bogota alongside his wife Meghan and the Andean country's Vice President Francia Marquez. The Duke and Duchess of Sussex, who stepped away from official royal duties in January 2020 and now live in California, arrived in Colombia on Thursday at the invitation of Marquez and will tour the country. During a panel discussion at Bogota's EAN university on Thursday evening, Harry raised his concerns over the future of AI.

Reserve Bank of India (RBI) has approved the appointment of former State Bank of India (SBI) deputy managing director (DMD) Salee Sukumaran Nair for a three year term, the bank in a stock market notice. Nair retired from SBI as DMD and chief credit officer (CCO) as recently as May this year. He takes over from S Krishnan who had resigned in September 2023 just a week after the bank wrongly credited Rs 9,000 crore to a Chennai cab driver. Krishnan was asked to continue till a replacement was found even as there was a lot of too and fro for contenders between the bank and the RBI.

Ford is recalling approximately 85,000 Explorer Police Interceptor Utility vehicles because the engines may fail prematurely and possibly result in a fire

NewEdge Wealth has planted another stake in the Sunshine State as it welcomes a breakaway team of advisors from Merrill Lynch.

India has initiated an anti-dumping probe into the import of hot rolled steel products from Vietnam following a complaint by a domestic manufacturer. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'hot rolled flat products of alloy or non-alloy steel'. According to the DGTR notification, Indian Steel Association has filed an application on behalf of domestic producers — JSW Steel Ltd and ArcelorMittal Nippon Steel India Ltd — seeking initiation of an anti-dumping investigation on imports from Vietnam. The applicants have alleged that the product is being imported at dumped prices which is causing material injury to the domestic industry.

Android devices after a gap of four years, following legal measures by the EU, developer Epic Games said on Friday. Fortnite, created by Epic, a U.S.-based studio, and backed by China's Tencent, the world's largest game studio, launched in 2017 and its last-player-standing, «battle royale» format became an instant hit, drawing in millions of dedicated players. But in August 2020, Apple and Alphabet's Google removed Fortnite from their app stores for violating their guidelines by launching a payment feature, prompting several lawsuits challenging their rules of charging up to 30% commissions on payments.

Nifty delivered a 4% year-on-year (YoY) growth in profit after tax (PAT), surpassing Motilal Oswal's estimate of 3%. This is the slowest growth since the pandemic quarter of 2020. Nifty heavyweights HDFC Bank, Tata Motors, ICICI Bank, Maruti Suzuki, and Tata Consultancy Services (TCS) contributed 127% of the incremental year-on-year earnings growth. In contrast, Bharat Petroleum Corporation (BPCL), JSW Steel, ONGC, Reliance Industries (RIL), and Grasim Industries had a negative impact on Nifty earnings, according to a preview note by the brokerage. State-run Coal India, Dr Reddy's Laboratories, Apollo Hospital, Adani Ports & Special Economic Zone (APSEZ), and Tata Steel have received earnings upgrades from Motilal Oswal. In contrast, BPCL, Bharti Airtel, Hero MotoCorp, JSW Steel, and IndusInd Bank are the top five earnings downgrades.

Nikkei share average climbed nearly 3% on Friday and notched its best week in more than four years, as strong U.S. retail sales data soothed fears of a recession in the world's largest economy and Japan's top trading partner. The Nikkei closed 3.6% higher at 38,062.67, locking in its second-largest daily gain for the year, while the broader Topix finished up about 3% at 2,678.60.

Donald Trump said Thursday he thinks he's «entitled to personal attacks» on his Democratic rival, adding he's «very angry» at Vice President Kamala Harris and questioning her intelligence. Trump was asked during a news conference whether his campaign needs more discipline as he faces a Democratic ticket newly energized since Harris replaced President Joe Biden as the party's presidential candidate. «As far as the personal attacks, I'm very angry at her because of what she's done to the country. I'm very angry at her that she would weaponize the justice system against me and other people, very angry at her. I think I'm entitled to personal attacks,» Trump said at his New Jersey golf club, where he invited reporters in his quest to saddle Harris with Biden's unpopular economic record.

₹27 lakh for the batch of 2022-24, unchanged from the previous 2021-2023 group, but higher than ₹26.5 lakh for the students of 2020-22 session. The institute, which last worked upon its course in 2020, is again reviewing it to improve engagement with companies so that placements do not suffer, "irrespective of the markets", said Chatterjee. The campus placement reports of some of the older IIMs also show a dip in the median compensation.

Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week’s Democratic National Convention

Kamala Harris for not holding a press conference, Donald Trump has announced to address a press conference at his Bedminster golf club on Thursday afternoon. He will talk to reporters and answer their questions a day before his Democrat rival unveils her economic agenda. Attacking Kamala Harris, he said Wednesday she refuses to do any interviews or press conferences, almost 30 days now, she has not done an interview. He added that she had not attended any press conference because she was not smart or intelligent. The Trump campaign has said the vice president is trying to try to «duck and hide» from the media.