2020 Financial News

Yes Bank is working towards giving an exit to its current shareholders, particularly State Bank of India (SBI), managing director and chief executive Prashant Kumar told ET. Kumar also confirmed that the lender is in talks with potential investors for selling its stake.

shooters, each with a proven pedigree at the world level, in 28 events. Coming at the back of seven gold medals at the 2023 Hangzhou Asian Games, expectations are high. So, what is different this time? Who is better than 2008 Olympics gold medallist Abhinav Bindra, who has predicted multiple medals in Paris, to explain the difference.

Great Salt Lake. According to a recent study that was published in One Earth, 4.1 million tons of greenhouse gasses, including CO2, were emitted in 2020 by the lake's exposed bed.This research indicates that these kinds of lake bottoms may contribute significantly—perhaps much more than previously thought—to global warming, as per the reports of MSN.

Chrysalis managers Richard Watts and Nick Williamson departed the firm at the end of the last quarter, nearly four years after Chrysalis was brought under Jupiter's control through its acquisition of Merian in 2020. In addition, earlier this year star manager Ben Whitmore revealed he was leaving the firm to set up his own boutique firm Brickwood Asset Management, sparking a departure of staff from his value team to join him.  In its half-year report published today (26 July), the FTSE 250 asset manager revealed that of the total outflows, £800m were due to the change in management of ...

The California Supreme Court ruled Thursday that app-based ride-hailing and delivery services like Uber and Lyft can continue treating their drivers as independent contractors rather than employees

Meta's Oversight Board says the company failed to take down an AI-generated intimate image of an Indian female public figure that violated its policies until the board got involved

In a stock exchange notice today (26 July), the FTSE 250 firm said it had finalised the sale of its stake in the medical technology firm Endomag, yielding proceeds of around $46m slightly surpassing Molten's holding value of £35m. Molten initially invested in Endomag in 2018 and provided additional capital to support its growth in 2020, with funding also coming from Molten's EIS and VCT funds. Molten Ventures VCT launches up to £40m fundraise This exit, combined with recent proceeds from stakes in British chipmaker Graphcore and benefits platform Perkbox, takes the company to o...

Apple Inc. lost ground in China’s smartphone market in the June quarter after local companies like Huawei Technologies Co. surged ahead.

MUMBAI : Nestlé India Ltd’s shares have dropped by about 3% since its June quarter (Q1FY25) results were announced on Thursday. The numbers mark a substantial slowdown in growth of the packaged foods company with revenue increasing by a mere 3.3% year-on-year. This is the lowest print since the Maggi crisis in 2015 (excluding the June 2020 Covid quarter), said analysts from Kotak Institutional Equities.

Hispanics vote for Kamala Harris if she gets the Democratic ticket for the US Presidential Election 2024? The fastest-growing group of voters has traditionally been the reliable supporters of the Democratic Party, but recent poll surveys have shown that their preferences are changing quickly and it may create problems for Kamala Harris. According to the 'Miami Herald', it is not a new problem for the party as US President Joe Biden too faced the problem of diminishing support among Hispanic voters, much before he announced to step aside. The onus to win back this big chunk of potential voters is on the vice president if she is nominated for the November polls.

Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels

CB Payments Limited (CBPL), a subsidiary of the Coinbase Group, has been fined £3,503,546 by the Financial Conduct Authority (FCA) for repeatedly violating a restriction that barred the firm from offering services to high-risk customers.

Prince Harry says his crusade against British tabloids has contributed to his royal family rift

Kamala Harris said in a speech in 2023: «You think you just fell out of a coconut tree?»

Coinbase's CB Payments Limited (CBPL) business does not offer crypto transactions but acts as a gateway for customers to make trades via other businesses within the group.In 2020, amid concerns about the unit's financial crime control framework, it entered a voluntary requirement that prevented it from taking on new high-risk customers.Despite this, says the FCA, CBPL onboarded or provided e-money services to 13,416 high-risk customers. Nearly a third of these customers deposited $24.9 million, which was used to make withdrawals and then make crypto transactions via other Coinbase entities, totalling approximately $226 million.The FCA says the breaches were the result of CBPL’s lack of due skill, care and diligence in the design, testing, implementation and monitoring of the controls put in place to ensure that the voluntary requirement was effective.Therese Chambers, joint executive director, enforcement and market oversight, FCA, says: "The money laundering risks associated with crypto are obvious and firms must take them seriously.

The huge number of SUVs available today can complicate the shopping experience

Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs

A lawyer says activist publisher Jimmy Lai will testify in his defense at his Hong Kong national security trial

Queen Elizabeth II, reports New York Post'. While his brother Prince William received a bell concert at Westminster Abbey on his 40th birthday, Harry will get millions of pounds when he turns 40 on September 15. According to the 'Times', the Queen Mother put $90 million in a fund with the condition that the Duke of Sussex would get access to his share of the fund when he turned 40. The 'Mirror' has reported that Prince Harry will get about $8.5 million, much more than his brother.