2020 Financial News

baby powder. This agreement comes after extensive scrutiny over claims that these products caused cancer.

PTC India Financial Services Ltd's (PFS) acting chairman Rajib Kumar Mishra from holding the director's post in any listed firm for six months and imposed a penalty of Rs 10 lakh on him for corporate governance lapses. Mishra is also the chairman and managing director of PTC India Ltd, a promoter firm of PFS. Also, the company's former MD and CEO Pawan Singh has been prohibited from holding any position of director or key managerial personnel in any listed firm or any intermediary registered with Sebi for a period of two years. Further, the regulator slapped a fine of Rs 25 lakh on Singh.

Nicki Minaj discussed the challenges of motherhood, her fans became concerned. In the social media video uploaded on Tuesday, the rapper known as "Anaconda" appeared to be recalling the day she gave birth to her baby, known as "Papa Bear," in September 2020, according to 'Page Six'. Minaj is currently on the second part of her "Pink Friday 2" world tour.

International Road Federation (IRF), a Geneva-based global road safety body, has urged the Goods & Service Tax (GST) council and the ministry of finance to reduce GST on helmets from 18% to nil to make them affordable to the masses and road accident fatalities to two-wheeler riders.

₹2.6 crore collectively for indulging in fraudulent trading activities.Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF, Manish V Furiya HUF, Mahan Investment and Toshee Trade are others banned by Sebi.Pandya was the host/co-host of various shows at CNBC Awaaz till August 2021, while Alpesh Furiya appeared on the television channel as a guest or external expert and gave stock recommendations on his Twitter handle.Sebi has restrained Pandya, Alpesh Furiya, and other six entities from “accessing the securities market and further prohibited from buying, selling, or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner whatsoever, for a period of five years."Also Read: Why Sebi's reviewing the eligibility criteria for derivatives trading?The regulator also levied a fine of ₹1 crore each on Pandya and Alpesh Furiya and ₹10 lakh each on the remaining six entities.

India's space ambitions: Market forces are with us Lower earth orbit (LEO) was a well-trodden frontier. Nasa, which had been flying to LEO for decades, could focus on more ambitious destinations by retiring the Space Shuttle and its operations to LEO. Moreover, this shift gave the private sector a chance to step in and fill the void left by the Space Shuttle.

The federal Bureau of Land Management's preferred alternative for a proposed large-scale wind energy farm in southern Idaho would shrink the size by nearly half and keep it farther away from a national historic site

NHAI) will monetise road assets worth Rs 15,000 – 20,000 crore in the current fiscal year through its infrastructure investment trust the National Highways Infra Trust (NHIT), it said on Tuesday.

Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO

The board of General Motors approved another $6 billion share repurchase as the Detroit automaker continues to build momentum in 2024

₹1,445 crore to partly finance the acquisition of US-based pharmaceutical major Viatris’ active pharmaceutical ingredients (API) business by Matrix Pharma Private Ltd.The deal is being consummated with financing from Kotak Strategic Situations Fund II, the firm said in a statement, more than a year after it announced the first close of a $1.25 billion fund to invest across growth and value companies.The acquisition is expected to make the Hyderabad-based Matrix Pharma the second largest Indian player in antiretroviral API space. It will also gain access to Viatris’ network of 185 scientists and a repository of more than 600 drug master files (DMF).Kotak Alt’s capital infusion will enable Matrix to consolidate its leadership in the API business by focusing on third-party sales and will selectively evaluate inorganic opportunities in the pharma contract development and manufacturing organization (CDMO) space.Srini Sriniwasan, managing director of Kotak Alternate Asset Managers, said that the deal underscores Kotak Alt’s pharma industry capabilities and its ability to create a platform to build a robust API business which we can support with organic and inorganic growth.Viatris Inc was a result of a merger between Mylan NV and Pfizer’s Upjohn unit in 2020.

Joe Biden drop out of the 2024 US Presidential Election? This question is looming large over the party and the political system of the country as he has slipped to the all-time low rating of 37.4%. Pollster Nate Silver has said that «Biden just hit a new all-time low in approval.» He took to the social media platform X to write that dropping out would be a big risk, but there’s some threshold below which continuing to run is a bigger risk.

Bengaluru city's parks would now be open to the public from 5.00 am to 10.00 pm, deputy chief minister DK Shivakumar said on Tuesday. The decision, along with several other climate initiatives announcements, comes at a time when the city’s long overdue civic body polls have been expected to be declared.

Madison Ventures managing director Mitch Roschelle analyzes the housing market and reveals some of the best places to live outside of big cities on 'The Big Money Show.'

Post-Graduation Work Permit (PGWP) lets international students who have completed their studies at a designated learning institution (DLI) in Canada to stay and work in Canada temporarily after their graduation, giving them the chance to gain practical work experience in their field of study.

demat accounts from around 4crores in early 2020 to above 15 crores now have created a new breed of newbies who are chasing the mid and smallcaps," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.Also Read: Foreign investment surge fuels spectacular rally in India’s smallcaps amid bubble alerts"The sustained flow of mutual fund investments, particularly SIPs, into the broader market gives no option to the fund managers but to buy mid and smallcaps even when the valuations are high. The current pattern of fund flows and retail investor behaviour may sustain the outperformance of this segment for some more time.

UEFA Euro 2024 scheduled to begin on Friday, June 14, as per predictions made by Opta Supercomputer. Apart from these two nations, Germany, Spain, Portugal, Netherlands, Italy, and Belgium are remaining favourites, according to Opta Supercomputer.

Gold prices dip on strong US dollar as China pauses buying yellow metalAccording to a report by Goldman Sachs, as quoted by Reuters, Brent is projected to increase to $86 per barrel in the third quarter. They attribute this rise to robust summer transport demand, which is anticipated to drive the oil market into a deficit of 1.3 million barrels per day (bpd) during that period."Oil price dynamics are also giving oil producers little encouragement.

The government of the Central African Republic has suspended a Chinese mining company's operations in the country over alleged ties to armed militias

UEFA has a two-step financial mission to refill its pandemic-hit cash reserves

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel a...