2020 Financial News

Unionized workers at Samsung Electronics have declared an indefinite strike to pressure South Korea’s biggest company to accept their calls for higher pays and other benefits

Narendra Modi landed in Russia for a visit on Monday and Tuesday — the first time in five years. He’s expected to hold talks with President Vladimir Putin to help re-energize relations between the two countries and likely deliver strategic deals. Russia and India are likely to agree on a long-term uranium supply pact for a nuclear power plant coming online in Tamil Nadu, said senior officials with knowledge of the matter. During the visit, India and Russia are also expected to sign an agreement allowing the military to use each other’s facilities for training, port calls and humanitarian assistance and disaster relief operations, said the officials who asked not to be named due to the sensitivity of the matter.

₹11,000 crore container PLI scheme to be spread over a nine-year period, beginning 2024-25. The plan was to manufacture 20 feet and 40 feet length containers of various configurations. The aim of this scheme was to raise domestic manufacturing of containers so that India could potentially compete with China over it and garner at least 10% of demand from global liners.

Global software giant Microsoft Corp. will pay $14.4 million in California to settle allegations that it discriminated against employees who took protected leave from work

fraudulent activity related to deductions made from his account without any actual investments in a mutual fund scheme. Singh reported that despite the deduction, no investment was made, and a false folio number was generated, which did not exist. Following the complaint, Singh later removed his post and provided an update stating that the issue had been resolved and the deducted money had been refunded. Singh commented, «The Resolution has happened and we have gotten our Refund/fund money back with the correct value so that's a good thing on the Groww team's part. (We have all the details around this).»

Vast swathes of Indonesia’s old-growth forests are left undeveloped for years after they're felled

Joe Biden has refused to pull out of the race for the White House in the most unambiguous words, some people believe that he would have to step aside sooner or later and it is not the question of if but when. In an article published in 'New York Post', journalist Henry Olsen wrote that a candidate can come back from a deficit of six points, but before the disastrous first presidential debate on June 27, Biden had the lowest job approval ratings of any first-term president in history. It would be difficult for him to make a comeback from where he is after the debate. The data leaked by Open Labs made it clear that the Democrat contender is behind or tied in normally Democratic states like Minnesota, New Mexico and Virginia. These data were consistent with a 6-point deficit, which is a 10.5-point drop from Biden’s 2020 victory margin. So, there is an uphill task for the incumbent president.

and to make sure that it’s riveting to watch. This mindset is rare in professional golf nowadays. In their heyday, Jack Nicklaus and Arnold Palmer always made time to mingle with fans, conduct golf instruction workshops, and speak about the game at forums.

The National Rifle Association’s former finance czar agreed to a decade-long ban from managing money for New York not-for-profits after a jury found him liable in a scheme to have the influential gun rights organization bankroll a longtime chief execut...

transformer market is on track for a significant surge, projected to reach $38.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.1%, driven by technological advancements and increasing electricity demand. The growth in renewable energy, particularly in solar and wind power, is significantly boosting demand for 100-500 MVA transformers. Moreover, the Indian government initiatives aimed at grid upgrades and the integration of cutting-edge technology are propelling the power transformer industry forward.

Daily Mirror, quoted the Lankan civil aviation minister T D Abeysuriya as saying there were no “suitable suitors" for the country’s national carrier SriLankan Airlines.  The minister hinted that the government may shelve its plans to sell the airline, and instead take on some of its debt and restructure it. SriLankan and Sri Lanka find themselves in a position that Air India and the government of India were in not too long ago. For years the Sri Lankan government has been bailing out its national carrier, which has a huge debt burden.

New Delhi, July 3, 2024: SabPaisa (SRS Live Technologies Private Limited), a leading payment solutions provider, announced that it has received final approval from the Reserve Bank of India (RBI) to function as a Payment Aggregator (PA) under the Payments and Settlement Systems Act, 2007. This approval solidifies SabPaisa's position as a leading player in the Indian fintech industry, enabling it to offer comprehensive payment aggregation services to merchants across the country.

Opposition BJP demanded a reply from Chief Minister Siddaramaiah on his wife accepting 14 expensive plots in an upscale locality in Mysuru in return for the Mysore Urban Development Authority (MUDA) taking over 3 acre 16 guntas of her land in a village on the city outskirts. Opposition leader R Ashoka, who led protests earlier in the day, accused the CM’s family of accepting pricey plots measuring 38,824 sq. ft in Mysuru, and sought to know from the CM if it was not an act of corruption. He also demanded an answer from the CM as to why his close friend, urban development minister Byrathi Suresh did not act on 15 letters written by the Mysuru deputy commissioner recommending cancellation of plots MUDA allotted to beneficiaries on a 50:50 ratio basis. He wondered how these plots came to be allotted without sanctions from the government. The CM, in a post on X, said he did not accept the MUDA plots when he was in power. The previous BJP regime formulated the land compensation scheme on a 50:50 ratio basis and allotted the plot in a lawful manner. What is wrong with this?, he said.

Google, which has an ambitious plan to address climate change with cleaner operations, came nowhere close to its goals last year, according to the company’s annual Environmental Report Tuesday

investor responses and delivering significant returns following substantial listing gains. About 38 IPOs have taken place so far in 2024 with an average listing gain of 25% and average returns after debuting at 49% till date. Four stocks — Jyoti CNC Automation, Exicom Tele-Systems, JNK India and TBO Tek — have delivered returns of 100-300% over the offer price. Eight — including Bharti Hexacom, Le Travenues Technology, BLS E-Services, DEE Development Engineers and Vibhor Steel Tubes — rallied between 57% and 92%. Another 18 gained between 8% and 44%, with only eight stocks trading below their offer price.

government to grant maternity leave to a surrogate mother, saying that leave privileges shouldn't depend on how a person became a mother. A single-judge bench ruled in favour of a Orissa Finance Service (OFS) officer, granting her 180 days maternity leave after she became a parent through surrogacy. «Maternity leave should be granted to employees who become mothers through surrogacy to ensure treatment and support for all new mothers, irrespective of how they become parents,» Justice S K Panigrahi ruled.

What if I told you that there is a magical, totally liquid investment that has never had a negative five-year rolling return over the past 17 years and has produced an average annual return of over 11 per cent during that time, including the great financial crisis of 2008, the COVID-19 market meltdown of 2020 and many other negative events along the way?

Joe Biden on Friday asserted that he is the presidential nominee of the Democratic party, he is in the race and will win the election again as he sought to clear all the doubts about the future of his candidacy for the November 5 elections. Over the past week, there has been speculation about him leaving the race, with increasing voices inside the party calling for his departure following his poor debate performance in Atlanta last week. On Friday, Biden sought to clear all such doubts. «We had a little debate last week. Can't say it was my best performance. But ever since then, there's been a lot of speculation. What's Joe going to do? Is he going to stay in the race? Is he going to drop out? What's he going to do? Well, here's my answer. I am running and going to win again,» Biden told his cheering supporters in the battle ground State of Wisconsin. «I am the sitting President of the United States of America, no small part because of you. That's not a joke. In 2020, you came through for me. I'm the nominee of the Democratic Party. I'm the nominee of this party because millions of Democrats like you just voted for me in primaries all across America. You voted for me to be your nominee. No one else. You, the votes. The voters did that,» he said during the rally.

Kamala Harris to the office of the Vice-President in 2020 came as a surprise to many of the conservatives. If Biden were to stand down and be replaced on the ballot box, Harris is likely to replace him as the Democratic Party’s presidential nominee. She is expected to put up a fight in a contest in which she is only narrowly trailing behind Trump. However, there could be historical and sociological reasons that could prevent her victory, according to political analysts.

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The South Korean Supreme Court has upheld a guilty verdict for a group of former Coinone crypto exchange employees who took bribes to list altcoins on the platform.