2020 Financial News

SpongeBob SquarePants' 25th anniversary. Paramount+ will stream all 13 episodes of the prequel series.

'Mansion Global' host Katrina Campins discusses the state of the housing market on 'Making Money.'

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India's foreign ministry said peace on its border with China was critical for relations to become normal, reacting on Friday to a Reuters report that New Delhi was not keen to restart direct flights with China amid a stand-off on their Himalayan frontier. China has been pressing India to restart direct passenger flights after a four-year halt, but New Delhi is resisting as the border dispute continues to weigh on ties between the world's two most populous countries, Reuters reported on Thursday. Asked about the lack of direct flights, foreign ministry spokesperson Randhir Jaiswal said «peace and tranquillity on the border is important» for ties with China to become normal. He did not elaborate.

According to the Office for National Statistics, retail sales volumes increased by 2.9% in May, up from 1.8% recorded a month before (revised from 2.3%). Over the year to May, sales rose by 1.3%, however, they remained 0.5% below their pre-COVID levels in February 2020. The largest monthly increase came from non-store sales – comprising mostly online retailers, but also stalls and markets – which rose by 5.9%, mostly on the back of strong clothing and other non-food sales. Textile, clothing and footwear retailers came second, registering a 5.4% increase from the previous month, follow...

Real estate sector saw debt sanctions of ₹9.63 lakh crore during 2018-23 and there is an opportunity of debt financing of ₹14 lakh crore in the next three years, according to a report by JLL India and Propstack. In their joint report — 'Decoding Debt Financing: Opportunities in Indian Real Estate', JLL India and Propstack said the real estate sector in India witnessed debt sanctioning amounting to ₹9,63,441 crore in the last six years.

mid-cap and small-cap companies in India's total market value hit the highest level in May, boosted by the unabated appetite for these shares among domestic investors. This, however, warrants caution, said fund managers, who warned that the sharp run-up in these shares may be excessive for now. According to a study by ICICI Prudential Mutual Fund, the share of mid- and small-cap stocks to the country's total market capitalisation was at 36.3% in May, compared to 25% in Dec 2020 and 19.6% in Dec 2013. Meanwhile, the contribution of the large caps declined to 63.7% in May, compared to 74.2% in December 2020 and 80.3% in December 2013.

BioWare's popular saga continues with Dragon Age: The Veilguard, previously known as Dreadwolf. Here's everything we know about the upcoming game. Release Date

NIA) on Wednesday conducted extensive searches at three locations in Hazaribagh and Ranchi districts of Jharkhand connected with associates of the notorious Aman Sahu gang in Jharkhand, in a case relating to extortion and attack on a coal mine. Digital devices, a Fortuner vehicle and some incriminating material were seized during the searches conducted on the premises of the various suspects in the case. The NIA had earlier chargesheeted 24 accused in the case involving an attack at Tetariyakhand coal mine in Jharkhand's Latehar district by members of the Sujit Sinha, Aman Sahu and other gangs. The attack was carried out in December 2020, as part of a criminal conspiracy hatched by these gangs to extort money and disrupt government work.

Rob Sechan embarked on a journey to evolve the industry when he and his partners left Wall Street to begin their entrepreneurial dream by founding NewEdge Wealth.

Daibiru Corporation, a subsidiary of the Japanese business conglomerate Mitsui O.S.K. Lines has invested Rs 1,000 crore in an under-construction office complex in Gurgaon, being developed by DLF in a joint venture with the global investment and development firm Hines, according to three persons familiar with the deal. Hines, which holds a 33% stake in the joint venture, facilitated the exit of the Abu Dhabi Investment Authority (ADIA) by bringing in Daibiru as an investor. Both companies have created Daibiru Hines Trust at GIFT City, Gujarat, and plan to invest in more commercial assets across the country.

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained under pressure around $65,100, hitting an intraday low of $64,700. Cryptocurrency hedge funds cut their Bitcoin holdings to the lowest level since October 2020, intensifying selling pressure.

BENGALURU:Silicon Valley-based venture capital (VC) firm General Catalyst has acquired New Delhi-based early-stage investor Venture Highway, with plans to invest $500 million-1 billion in India.The new entity will be called General Catalyst India and will focus on early- and growth-stage investments in the country. “The combined capabilities of the two firms will allow us to be much more hands-on and effective going forward in India.

tax reforms in the first full budget of the newly elected government. These include the conditional waiver of interest or penalty on tax notices issued between 2017 and 2020, barring cases of wilful default. The budget is likely to be announced in July. The GST Council may also discuss crunching timeline for issuing notices, a monetary limit for pursuing disputes at the GST Appellate Tribunal, and a sunset date for anti-profiteering cases to reduce tax litigation and improve ease of doing business.

Life Ko Banao Rich. It wasn’t a phoenix, but observers could be forgiven for thinking so, given how the lender had risen from the ashes of its earlier mismanagement. This rebranding followed almost two years of discussions by the board of Yes Bank, now under the aegis of State Bank of India (SBI).

This partnership allows the bank to measure the carbon emissions from each foundED event using Climes' carbon neutral event calculator. Once the emissions are calculated, DBS Bank India will neutralise them by encouraging event attendees to select the carbon avoidance and removal projects they want the bank to support.

SIP ticket size has increased by 2% on a month-on-month basis to Rs 2,387 in May from Rs 2,341 in April. On a yearly basis, the same increased by 6% from Rs 2,259 in May 2023, according to a report by Geojit Insights. The SIP inflows in May reached a new milestone and were recorded at Rs 20,904 crore. This was up by 6.6% from the three month average. This marked the 11th consecutive month of inflows above Rs 15,000 crore and the 33rd month of inflows above Rs 10,000 crore. In May, the new SIP registrations were recorded at 49.7 lakhs, which was down by 4.5% from three month average. The SIP discontinued reached an all time new high and was at 43.96 lakh, up by 69.3% from three month average. This resulted in a net SIP addition of 5.8 lakhs, a multi year low, which was down by 78% from three month average.

ZF Group on Wednesday said it has sold a 7.5 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India to increase liquidity and financial flexibility for growth. The sale of shares has no effect on ZF's control over ZF CVCS India, the company said in a statement. «ZF Group has sold 1,425,000 shares, equalling 7.5 per cent stake, in its listed Indian subsidiary ZF CVCS India to increase liquidity and financial flexibility for its growth plans. The transaction will strengthen the financial flexibility of ZF, allowing it to invest in its further growth, and in the dynamically developing Indian market,» it said. The Friedrichshafen (Germany)-headquartered firm had commenced the commercial vehicle control system business in January 2022 following the acquisition of WABCO in 2020.

BENGALURU : Sometime early last year, agritech startup Reshamandi was riding the funding boom, churning revenues, and eyeing net profitability and expansion. Today, the Bengaluru-based firm finds itself ensnared in a financial crisis, with frozen bank accounts, delayed debt repayments, and mounting legal challenges threatening its survival. The company, a business-to-business marketplace for silk products, has been struggling with delayed debt repayments amid difficulty in raising funding since the middle of last year, characteristic of the struggles in the wider agritech sector.

Australian Broadcasting Corporation (ABC) on "Indian spies" and the Modi government's «infiltration» in Australia has uncanny similarities with «revelations» made in the report of Canadian Broadcasting Corporation (CBC) which also made similar allegations. The ABC report claimed that the Sikh diaspora and their families in India have been «coerced» by Indian authorities and that the Australian government while expanding ties with India is worried about «Indian spies» on its soil. The ABC report also refers to the Hardeep Singh Nijjar case and the Canadian government's accusation against India. «As the federal government embraces Narendra Modi and his administration as an important partner, the long arm of the Indian state is reaching Australia, silencing critics and threatening members of the diaspora… In 2020, India-Australia relations seemed better than ever. Trade deals were blossoming and a range of defence alliances were being signed in response to China's growing power in the region. In secret though, Australia was unhappy with India's spy operations in the country,» alleged the ABC report titled 'Infiltrating Australia', published on June 17.