2020 Financial News

Subscribe to enjoy similar stories. BENGALURU: Property developer Address Maker has struck a ₹200 crore private credit deal with AI Growth Pvt. Ltd (AIGPL) to help with its projects, purchase of land and plans to enter new markets, top executives of both companies said.

Subscribe to enjoy similar stories. NEW DELHI : Problems in renewal of visas for Chinese technicians have slowed the pace of buildout of India’s lithium-ion battery manufacturing factories for electric vehicles and energy storage, according to two people aware of the matter. The issues are happening despite bilateral relations between India and China having eased in the past few months.

Nasdaq investors can expect another week of potential tariff turmoil as Wall Street witnessed the worst week since the onset of the coronavirus crisis five years ago, as per a report. More volatility could be in store ahead of the April 9 deadline Trump set for his reciprocal global tariffs to take effect, after his Wednesday announcement of the levies sent markets into a tailspin, raising fears of a global recession, Reuters reported. The benchmark S&P 500 lodged its biggest weekly drop since March 2020 and the Nasdaq Composite on Friday ended down more than 20 per cent from its December record high, confirming the tech heavy index is in a bear market. The Dow Jones Industrial Average finished the week down well over 10 per cent from its December record high, marking a correction for the blue-chip index, as per the report. Investors will look for signs the stock market may be close to at least a short-term bottom after Trump's tariffs rocked global asset prices this week, Reuters reported. One sign of gloom: The Cboe Volatility Index, an options-based measure of investor anxiety, registered its highest closing level since April 2020. Bearish sentiment in the American Association of Individual Investors survey reached 61.9 per cent, its highest reading since 2009 during the financial crisis.

Subscribe to enjoy similar stories. Daniel Breyer didn’t have to go far to observe the ultra-wealthy for his first novel. In “Smokebirds," a social satire out Tuesday that explores the dark side of inherited riches, Breyer observes the psyche of the elite from his own privileged perch.

Geojit Financial Services, said both stocks have yet to show signs of bottoming out or bearish exhaustion, with downside momentum continuing to dominate. Edited excerpts from a chat on how to trade both these stocks as well as Nifty in the week ahead:

Mumbai: A sessions court here on Saturday dismissed former Maharashtra minister Dhananjay Munde's appeal against an interim order of a magistrate, directing him to pay maintenance to a woman, who claims to be his first wife. The appeal by Munde, an NCP legislator, was dismissed by additional sessions judge Shaikh Akbar Shaikh Jafar. The detailed order was not available yet. The Nationalist Congress Party leader had claimed in his appeal that he was never married to Karuna Munde, the applicant. The magistrate did not apply his mind and passed an arbitrary order, he had argued. The Bandra magistrate court on February 4 had partly allowed Karuna Munde's plea and directed Dhananjay Munde to pay Rs 1,25,000 per month to her and Rs 75,000 per month to their daughter as interim maintenance. The magistrate had also refused to accept the former state minister's contention that he was not married to the woman.

Investors will look for signs the stock market may be close to at least a short-term bottom after Trump's tariffs rocked global asset prices this week. The benchmark S&P 500 lodged its biggest weekly drop since March 2020 and the Nasdaq Composite on Friday ended down more than 20% from its December record high, confirming the tech heavy index is in a bear market. The Dow Jones Industrial Average finished the week down well over 10% from its December record high, marking a correction for the blue-chip index.

In the core Male 15+ ABC audience segment, the tournament reached 109 million viewers. The average TVR-a combination of reach and time spent-stood at 4.34 TVR for the MF 2+ category and 5.4 TVR for the male 15+ ABC segment. With a TVR of 6.4, this season has recorded the highest-ever rating for a 74-match format among male 15+ AB audiences in urban India excluding Covid-19 years of 2020 and 2021. Watch time touched 65 billion minutes for 2+ All India TG, making it the highest in IPL history, including the Covid-19 years. Further, the live reach for this target group touched 319 million unique viewers, the second-highest ever, while high definition (HD) reach soared to 47 million, marking a 30% increase compared to IPL 2024. Engagement levels also hit a record high, with an average time spent of 70 minutes per user, reflecting a 6% increase from the previous season.

Fitch Ratings. The ratings agency said the new tariffs, announced on what is labelled as “Liberation Day” by the US administration, go far beyond what it had previously expected and are already altering the global economic outlook. The tariff regime now imposes a minimum rate of 10% on all US trade partners, with significantly higher levies on 57 selected countries. As a result, the effective tariff rate (ETR) for EU imports into the US has jumped to about 20%, while the rate on Chinese goods has surged to 64%. These figures compare with Fitch’s earlier March assumptions of 15% for the EU and 35% for China. Other Asian economies have also been hit hard. Vietnam now faces a 46% tariff, Thailand 36%, Taiwan 32%, India 26%, South Korea 25%, Malaysia 24% and Japan 24%. Sector-specific exclusions—such as semiconductors, pharmaceuticals, copper and lumber—may be negotiated separately. Also Read: Recession, not Liberation Day! India, US and world GDP may slump for Trump tariff 'insanity' «We estimate the changes will raise the overall US ETR to about 25%, which would be significantly higher than the 18% we had assumed for 2025 in the March GEO and the highest rate for more than 115 years,» Fitch said.

The S&P 500 ended down almost 5% after U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.

Shares in Australia and Japan fell at the open. US equity-index futures were steady as trading kicked off in Asia after the S&P 500 declined 4.9% on Thursday and the Nasdaq 100 slumped 5.5%, the biggest drop since 2020 for each. The slump wiped out around $2.5 trillion from the US stock market. Oil sold off and the greenback extended its drop on Friday as yields on the 10-year US Treasury hovered around the 4% mark. Markets are closed in China and Hong Kong.

The S&P 500 was down 4.2% in afternoon trading, more than other major stock markets, and at its bottom in the morning was on track for its worst day since Covid struck in 2020. The Dow Jones Industrial Average was down 1,394 points, or 3.3%, as of 2:09 p.m. Eastern time, and the Nasdaq composite was 5.3% lower.

Sonia Gandhi termed the Waqf (Amendment) Bill as an assault on the Constitution and as part of BJP's polarisation plank. «Yesterday, the Waqf (Amendment) Bill was passed in the Lok Sabha and today (Thursday), it is scheduled to come up in the Rajya Sabha. The bill was in effect bulldozed through.

Amazon.com has put in a last-minute offer to buy short-form video app TikTok, New York Times reported on Wednesday, citing sources familiar with the matter. Trump is slated to meet with top White House officials Wednesday to discuss TikTok's fate. People familiar with the talks have outlined a potential deal that could involve bringing on a number of new U.S. investors, including Oracle, the technology giant, and Blackstone, the private equity firm, while sidestepping a formal sale. But it isn't clear that such a structure would satisfy the conditions of the federal law, as per the report. Amazon has some existing ties to TikTok. TikTok video app, which counts 170 million users in the United States, has become a major hub of retail shopping, with influencers recommending products to viewers. While the company has its own e-commerce operation known as TikTok Shop, many influencers encourage people to buy products on Amazon, which gives the influencers a cut of the transactions. It has also provided some technical infrastructure, NYT News Service reported. Amazon had previously tried to make a TikTok clone of sorts, called Inspire, inside its own app. Internally, it was a high-profile initiative, but was widely seen as unsuccessful at attracting shoppers. The company removed it from the app this year, as per the report. Amazon isn't the first retailer to express interest in the app. In 2020, when TikTok was first pressured to sell to U.S. owners, Microsoft and Walmart made a bid for the company.

The notices, which target individuals with little to no financial capacity, expose a troubling pattern of fraud involving stolen Aadhaar and PAN card details. Among the most cases reported so far is that of Karan Kumar, a 34-year-old sanitation worker who earns a modest Rs 15,000 per month at the State Bank of India’s Khair branch. On March 29, Karan received an Income Tax notice demanding an outrageous sum of Rs 33.88 crore. This demand, based on transactions carried out using his identity, came as a complete shock. According to Karan, Mahaveer Enterprises, a company dealing in petroleum and steel goods, had been using a forged PAN and Aadhaar card linked to his name for large-scale transactions in Delhi.

Subscribe to enjoy similar stories. True Religion’s distinctive, $400 jeans were everywhere in 2005: in paparazzi shots of early reality stars Paris Hilton and Jessica Simpson, lyrics of “My Humps" by the Black Eyed Peas, the windows of a new flagship store in Manhattan Beach, Calif., and billboard and magazine campaigns featuring blonde, tanned and toned models standing in wild prairies. Twenty years and two bankruptcies later, True Religion and its ads look very different.

Subscribe to enjoy similar stories. Recent monetary policy decisions in both the United States and India indicate a shift towards easing interest rates. The US Fed has been signaling that there is a need to keep the policy rate accommodative and is open to rate cuts if the data supports this.

Donald Trump has reiterated that he might pursue a third term as US President, adding he is not joking" about wanting to serve in 2028. In an interview with NBC News, Trump said, «There are methods which you could do it. I am not joking.» Later, talking to the reporters, he said that there were demands from the people for him to run for a third term. «I have had more people ask me to have a third term, which in a way is a fourth term because the other election, the 2020 election was totally rigged. I don’t want to talk about a third term now because no matter how you look at it, we’ve got a long time to go,” Trump said, who would be 82 by the end of his potential second term. But the question arises can Trump run for a third term? In January, he told supporters that it would be „the greatest honour of my life to serve not once, but twice or three times or four times“. However, he then said this was a joke for the „fake news media“.

“We are willing to work with the Indian side to strengthen practical cooperation in trade and other areas, and to import more Indian products that are well-suited to the Chinese market,” the ambassador to India was quoted as saying by China’s state-run Global Times, in a story posted Monday. Bilateral trade between the neighbors stood at $101.7 billion in 2023-24, according to India’s trade ministry, with India running a significant deficit. India’s main exports include petroleum oil, iron ore, marine products and vegetable oil, amounting to $16.6 billion, according to the government figures. The envoy’s remarks were to mark the 75th anniversary of the diplomatic ties. US President Donald Trump, who is set to roll out reciprocal tariffs Wednesday on countries around the world, has called out China and India for trade practices that he sees as unfair.

Hardik Pandya, the dynamic all-rounder of Mumbai Indians, has recently garnered significant attention not only for his impressive performances on the field but also for his rumoured relationship with Jasmin Walia. The rumours gained traction when Jasmin was spotted in the stands of an IPL match, passionately cheering for Hardik, the MI captain. The situation further sparked curiosity when she was later seen boarding the Mumbai Indians team bus, fueling speculation about their blossoming romance. Amid the growing buzz around Hardik and Jasmin’s relationship, now, ex-wife, Natasa Stankovic, has reacted. Taking to Instagram story, Natasa Stankovic reacted by sharing a quote, “Let all that I am praise the Lord; May I never forget the good things he does for me. Psalms 103:2".

Subscribe to enjoy similar stories. Investors are often advised to buy equity funds and to stay invested for the long term to achieve optimal returns. However, an equally important aspect—knowing when and how to exit—often takes a back seat or is overlooked.