2020 Financial News

Denmark will tax livestock farmers for the greenhouse gases emitted by their cows, sheep and pigs from 2030, the first country to do so as it targets a major source of methane emissions, one of the most potent gases contributing to global warming

Smith joined the firm from Merian Global Investors in 2020, arriving at then River and Mercantile prior to the completion of Jupiter Asset Management's acquisition of Merian. He served as head of UK wholesale distribution for two years at Merian, and held the same role for almost a decade at Old Mutual Global Investors, prior to which he worked at abrdn, joining Standard Life Investments in 1999. River Global taps Royal London AM and Vanguard for sales hires He joined the firm as head of UK discretionary sales, a role he held for ten years, before taking on his first head of UK who...

NEW DELHI : Jayanth R. Varma joined the Reserve Bank of India’s (RBI's) monetary policy committee (MPC) in October 2020, and in his very first meeting, he dissented. Ashima Goyal, who was appointed at the same time, has since emerged as the only other dissenting voice, albeit not as often as Varma, who was a hawk initially, but turned dovish in the middle of 2022.

India's space ambitions: Market forces are with us“While Australia has partnerships with multiple nations for space ventures, we are taking our engagement with India to the next level. The partnership will lead to Australian satellites being launched into orbit from Indian soil," Green said at the inaugural keynote at the Indian Space Congress 2024.The partnership will involve several stakeholders in India's private space economy including domestic space-engineering firm Ananth Technologies, which has supplied components and engineering services to Isro in many previous missions.Pawan Goenka, chairman of the Indian National Space Promotion and Authorisation Centre (In-Space), a government-affiliated space promotions agency, confirmed that the SSLV was being privatised and that the bidding process was still ongoing.

Surana Telecom and Power, previously a penny stock, has delivered exceptional returns for long-term investors. Over the past four years, its stock price has surged by an impressive 796 percent, climbing from ₹2.95 in June 2020 to around ₹26.45. This remarkable growth highlights Surana's consistent value appreciation, making it a standout performer in the penny stock category and showcasing its potential as a high-return investment opportunity.Meanwhile, over the past 5 years, the stock has surged by an impressive 494 percent, rising from ₹4.05 in June 2019.

Also read | Route Mobile to become $1 billion business: Proximus Group CEO Belgium-based Proximus Group, which has acquired a majority stake in Route Mobile, intends to double the group's revenues to $3 billion in 3-4 years, on the back of synergies from the new acquisition, Mint reported in May 2024. Within that, Route Mobile alone is expected to generate $1 billion in revenues, the report said.

Bar Association Srinagar, president Mian Qayoom on Tuesday in connection with conspiracy pertaining to murder of advocate Babar Qadri in 2020. The officials informed that Qayoom was summoned for questioning by the State Investigation Agency officials and later detained for sustained interrogation in connection with the murder. The officials claim that they have collected «substantial evidence against Qayoom, who has emerged as a primary suspect in the case.» However, the SIA or J&K police are yet to issue a formal statement confirming his detention or arrest. Qadri, who had shot to prominence for his participation in high pitched TV debates on the situation in Kashmir, was shot dead at his residence in Hawal area of downtown Srinagar by unknown gunmen posing as potential clients, on September 24, 2020. The killing took place at a time when he had just launched a party of his own and posted videos on social media criticizing J&KHCBA Srinagar of which he was a member as well. His membership was suspended following the floating of his own party.

Elon Musk is still doing his part, in his own words, to help the underpopulation crisis.The Tesla CEO on Sunday confirmed he’s fathered his 12th child — his third with, Shivon Zilis, director of special projects at Neuralink Corp.Musk, 52, and Zilis, 38, welcomed their baby earlier this year.In a statement to Page Six, Musk confirmed the child’s birth, but denied rumours that he fathered the baby in secret.“As for ‘secretly fathered,’ that is also false,” he told the tabloid. “All our friends and family know.

Federal Reserve Governor Michelle Bowman said she sees a number of upside risks to the inflation outlook, and reiterated the need to keep borrowing costs elevated for some time. 

₹12,000-14,000 crore in the next 2-3 years developing commercial office, residential, and hotel projects, said a top company executive. Around 40% of the planned investment will be deployed in office projects, 50% in housing development, and 10% in hotel projects across existing cities it operates in, such as Bengaluru, Pune, and Hyderabad. It is also set to enter two new property markets - Chennai and Mumbai, Sattva Group's managing director Bijay Agarwal told reporters.The investment will be financed through a combination of equity, debt and internal accruals like sales.

Bank of Canada governor Tiff Macklem says the country must not take its competitive labour market for granted, adding that with inflation much closer to two per cent, there is room to invest in new jobs without creating inflationary pressures.

Mint. Members of the council may be directly appointed by the central government or based on the advice of a special search-cum-selection committee, the person said. “There is a definite push for mediation right now," the other person said.

BJP leader and Union Health Minister JP Nadda has replaced Piyush Goyal to become the leader of the House in the Rajya Sabha. He recently took the oath as part of the new cabinet and was also assigned the Chemicals and Fertilisers Ministry. Nadda is currently serving as the BJP's National President. His term ends this month, but he may continue until the four state elections later this year are completed and a new president is elected. In the meantime, a Working President might be appointed to assist him with daily duties. After being sworn in, there was speculation that Nadda would step down as BJP National President, a role he assumed from the current Union Home Minister Amit Shah in 2020. However, it now seems he will stay on as the BJP's top organisational leader.

Following an internal review and engagement with the company's largest shareholders, the board said it was updating its current tender offer plan, as the conditional mechanism brought in in 2020 is about to expire. Scottish Mortgage dominates investment trust share buybacks year-to-date Back then, the company put a conditional tender offer in place, which was dependent on the trust outperforming the TOPIX with compounding total returns of 4.7% per annum to 31 May 2024. The board said it «expected» the trust to meet its performance target and as a result the tender offer will not be...

Will reforms take a backseat? We now have a BJP/Modi-led coalition Government in place, and several key ministries are in the same hands as they were earlier, including finance. The reality, however, is that this is a coalition Government with the support of JDU and TDP and other allies, and the question is whether, in this context, several critical and long pending reforms will take a back seat.

Moscow may change the timing for use of its nuclear weapons if threats against Russia increase, the RIA state news agency cited Andrei Kartapolov, the head of the Russian lower house's defence committee, as saying on Sunday. The former general's comments follow recent warnings by President Vladimir Putin that Moscow may change its nuclear doctrine, which lays out the conditions in which such weapons could be used. «If we see that the challenges and threats increase, it means that we can correct something in (the doctrine) regarding the timing of the use of nuclear weapons and the decision to make this use,» the agency quoted Kartapolov as saying.

NASA astronauts Barry 'Butch' Wilmore and Sunita Williams, have to wait for some time to return home as they are still stranded on the International Space Station while NASA is trying to leave no stones unturned in bringing them back home. However the timeline for their return has once again seen a glitch from the top space agency. According to The Telegraph's report, NASA has mentioned that more time is required to review the spacecraft that is responsible for bringing them back home as the thruster malfunction it was facing has still not been entirely resolved. Moreover, the spacecraft has reportedly seen helium leaks, that is primarily causing the delay in the first place, says USA Today.

These documents, a few of which are being reprinted for our readers, reveal a series of letters exchanged between the British Olympic Association, the International Olympic Committee and the India Office, discussing the prospects of Indian participation at the 1912 Olympics. Had this participation happened, India would have been among the first Asian countries to embrace the Olympic movement, alongside Japan, which established a national Olympic Committee in 1911 before participating in the 1912 competition.

Infosys’ emeritus chairman. Be that as it may, “birds” perched across trees in China have been tweeting a story that isn’t music to those in China who have been pushing the infamous “996” system for decades on end: working 9 am to 9 pm 6 days a week. That’s actually two hours more than the duration of a working week suggested by our favourite task master. In viral videos, young people in China have been engaged in a serious, new form of sticking it to The Chair-Man. Reacting against Xi Jinping’s version of JFK’s “Ask not what your country can do for you, ask what you can do for your country” finger-wag, the new social media trend has young people—what policymakers insist on calling “youth”—record themselves with their hands tucked inside oversized t-shirts, perched on any piece of furniture, and then change the video backdrop to make themselves look like they’re sitting on trees. The effect is powerfully, even scarily, surrealistic.

tax (GST) council which is meeting today is likely to take up host of reforms including conditional waiver of interest or penalty on tax notices issued between 2017 and 2020, empowering the centre and states to quash tax notices on industry specific trade practices and putting a sunset clause on anti profiteering cases. The council may also decide on reducing the pre deposit for filling appeals to 7% from 10%, may set a monetary threshold for filing appeal in GST Appellate Tribunal and hight court and apex court and may set deadline for issuing summons even in case of willful default. The proposals once passed would set the ground ready for next level reforms in goods and services tax regime which will complete seven years in July. Also it may open window for relief to insurances, non banking financial services, banks, airlines and shipping companies facing tax demands along with penalties.

silver prices remained in the limelight followed by feeble US economic numbers, which fuelled hopes that the US Federal Reserve would cut interest rates this year. In the key domestic futures market, prices were placed well above Rs 90,000 a kg level while it crossed the key $30-level mark in the overseas market last week.