2020 Financial News

wrestler Vinesh Phogat after she was found to be overweight ahead of her 50kg category Olympic final, legendary cricketer Sunil Gavaskar said here on Wednesday. Vinesh was disqualified from taking part in the final for being overweight by 100 grams. Gavaskar said that the Indian Olympic Association (IOA) as well as the Indian government must do everything possible to address this. «I think it's (the) most unfortunate. I also think it's (the) most unfair. I do hope that the authorities will take notice of it, take a strong response to this because this is not just the initial round,» he told reporters on the sidelines of the Spartan racing event here.

In a stock exchange notice today (7 August), the trust said Caffrey will work alongside Simon on the value stocks in the large cap portfolio, while Ghernati will join existing co-manager Felise Agranoff on the growth stocks in the large cap portfolio. Caffrey has over 32 years of experience in the industry and joined JPMorgan Asset Management in 2002. He is a member of the firm's value team supported by over 20 career research analysts. JP Morgan American portfolio manager retires after 44 years With over 24 years' experience, Ghernati started working with JPMorgan in 2020 and curr...

Vinesh Phogat was disqualified on Wednesday from the 50kg freestyle wrestling for being overweight by a few grams, after she qualified for gold medal bout. Vinesh Phogat had beat World No.1 and Tokyo 2020 champion Yui Susaki of Japan to qualify for quarterfinals. Later in the quarter-finals, Vinesh took on Ukraine's Oksana Livach and beat her by 7-5 to secure a semi-final berth. In the penultimate bout she went on to beat Cuba's Yusneylis Guzman Lopez to secure a medal and become the first Indian woman wrestler to reach the final at the Olympics.

The dramatic selloff Monday in cryptocurrencies, which fell in tandem with stocks amid concerns about a slowing U.S. economy, not only made investors nervous, but also tested the case of bitcoin as a safe-haven investment.

ecommerce platform Open Network for Digital Commerce (ONDC) is expanding spiritual services on its network with Vama.app that will offer services such as virtual pujas, temple darshans and rituals, and astrology services. Spiritual services providers Iskcon and Hari Bol are already available on ONDC. Wavemaker Partners-backed Vama.app, which is onboarding ONDC as both a buyer and seller platform, plans to broaden its reach by offering its services to a wider audience through the network.

Trump in Exile," Meredith McGraw's latest book, reveals the disarray in Donald Trump's political operations following his defeat in the 2020 election and the Capitol riot on January 6. Trump's urgent March 2022 call to conservative consultant Susie Wiles is detailed in the book, which was reviewed in Vanity Fair. To sort out his chaotic campaign, he turned to her. Trump acknowledged that he didn't know who was in control, how much money he had, or if anyone on his team was stealing, as per the reports of MSN.

Monday’s market drop got to some retirement investors, who responded to the volatility by selling large cap stock and target-date funds and stable-value, bond-, and money-market funds.

iceberg in the world, might spend years trapped in its massive circle. This iceberg is roughly 1,640 square miles in size, which makes it five times larger than New York City and marginally larger than Rhode Island. In 1986, A23a separated from the Filchner-Ronne Ice Shelf in Antarctica. It floated away in 2020, having remained stranded in the Weddell Sea for decades. It didn't, however, make the anticipated transition into the South Atlantic's warmer waters. Rather, it became caught in a revolving current, known as a Taylor Column, just north of the inaccessible South Orkney Islands, with a daily rotation rate of roughly 15 degrees, as per the reports of MSN. A submerged object in a spinning system, such as Earth, is covered by ocean water, forming a Taylor Column. Here, the vortex is brought on by the Pirie Bank, a lump in the ocean floor. A spinning vortex is created above the obstruction as the river separates into two flows. And now the iceberg is spinning around inside this vortex. This phenomena is a distinct and unexpected aspect of ocean dynamics, according to scientists, including professor Mike Meredith and polar expert Mark Brandon.

Kamala Harris picked Minnesota Gov. Tim Walz to be her running mate on Tuesday, according to three people familiar with the decision.In choosing Walz, she is turning to a Midwestern governor, military veteran and union supporter who helped enact an ambitious Democratic agenda for his state, including sweeping protections for abortion rights and generous aid to families.Harris hopes to shore up her campaign’s standing across the upper Midwest, a critical region in presidential politics that often serves as a buffer for Democrats seeking the White House.

Banks have written off loans worth Rs 9.90 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2023-24, banks loan write off was at Rs 1.70 lakh crore, as against Rs 2.08 lakh crore in the previous fiscal, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. Write-off was highest at Rs 2.34 lakh crore during 2019-20, which came down to Rs 2.02 lakh crore in the following year and to Rs 1.74 lakh crore in 2021-22. As per the RBI guidelines and policy approved by banks' boards, NPAs, including those in respect of which full provisioning has been made on completion of four years, are removed from the balance-sheet of the bank concerned by way of write-off, he said.

Google’s loss in a historic U.S. antitrust trial is reverberating across Silicon Valley, where the ruling is likely to affect not just the search giant but also its largest collaborators and competitors. Google parent Alphabet’s deals to get its search engine in front of users by paying to be the default on browsers and mobile phones have been declared illegal by a federal judge.

Circle Squared Alternative Investments' Jeff Sica argues there's a problem in the credit market as he weighs in on the market selloff.

Mint explains the rationale for these moves and what it entails for the future of IndiGo and the Indian aviation ecosystem. After covid-related restrictions were eased in May 2020, India’s aviation ecosystem recovered strongly. The visible signs of an expanding economy, a growing middle class, and higher disposable income were credited with for boosting travel across metros and smaller cities.

On Monday (5 August), markets saw some of the biggest falls since Black Monday, with volatility reaching levels last seen in the 2008 Global Financial Crisis and the March 2020 Covid sell-off. Japan's Topix index led the rush and fell more than 12% at the open while and the US Nasdaq 100 dipped as low as 6% on the day, but recovered two thirds of this in time for the close, according to data from Bloomberg. Japanese index suffers worst ever fall as traders rattled by potential US recession The S&P 500 was down more than 2% with its darling-Magnificent Seven stocks seeing $2.3trn wi...

Facing the need to win Pennsylvania, Vice President Kamala Harris has sworn off any prior assertion that she opposed fracking

The Oakland Athletics has reached a tentative agreement to sell its half of the Coliseum to a private Black development group for $125 million

Research and brokerage firm Bernstein isn’t sweating the latest Bitcoin crash, believing the asset’s short-term reaction to macroeconomic factors is a bit irrational.

Circle Squared Alternative Investments' Jeff Sica argues there's a problem in the credit market as he weighs in on the market selloff.

gold medals at the Olympics with your ex? Czech tennis players Kateřina Siniaková and Tomáš Macháč prefer not to make the answer public! The former flames turned out to be one of the most compelling love stories of the Paris Olympics 2024. The duo was spotted sharing a warm hug and a kiss after they bagged top honours at the mixed doubles on Friday night. According to the French tabloidLe Parisian, the pair, who had been in a relationship since 2020, announced their separation in July, before the Olympics started.

Capitalmind Financial Services stated that continued flat earnings could lead to a price correction in the small-cap index. The PMS firm also noted that over the past year, the P/E multiple of the BSE Smallcap 250 has expanded by 63%, while the earnings per share (EPS) remains flat at -3%.