2020 Financial News

₹500 crore from fresh investors as it plans to enter new categories as well as allow early investors to exit. Private equity firm Rabo Equity Advisors, which was the investment advisors for India Agri Business Fund II acquired a minority stake in Cremica for $15 million in June 2016. In 2022, Rabo Equity Advisors—where the Dutch lender Rabo Bank held stake—sold its partnership in India Agri Business Fund to advisory firm Kroll Inc's asset management unit.

Wipro Ltd, he is relying on his trusted lieutenants to steer the ship. On 17 May, Amit Choudhary put in his papers as chief operating officer (COO) to pursue opportunities outside the organisation, as per Wipro’s release to stock exchanges.

For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France

Bandhan Bank's March quarter net profit down by 93% at Rs 55 crore against Rs 808 crore in the year-ago period. Its operating profit saw a muted 2.4% rise at Rs 1839 crore due to higher expenditure.

When we think of gold, the first thing that comes to mind is an inherent desirability for the precious metal among masses in our country. This ever-lasting appeal of gold for the past many decades has seen India emerging as one of the leading gold consumers globally.

Mercer Advisors is redoubling its efforts at inorganic growth with a newly appointed leadership role its mergers and acquisitions team.

Mansion Global host and Fox News real estate contributor Katrina Campins weighs in on February housing data and the NAR proposing new commission rules.

Linde India shares surged by 5%, reaching an all-time high of ₹9,431 per share in today's intraday trade, driven by heavy trading volumes. This latest rally marks a stellar gain of 55.23% over the past six months and an astounding 140% over the course of a year. The stock has consistently built on its gains year after year.

Mint analysis. This is more than three times the returns generated by the group with the highest market capitalization (m-cap). The analysis is based on m-cap data of over 2,400 listed companies as on 2 May 2018, which are segregated into seven different groups based on their size.

A major North Carolina political donor and his associate have been convicted a second time of attempting to bribe the state's insurance commissioner to secure preferential regulatory treatment for his insurance business

New federal estimates show Philadelphia remains the nation’s sixth-most-populous city, despite a decline in population throughout the pandemic

The Biden administration’s profligate spending—driving unprecedented trillion-dollar deficits during a full-employment, peacetime economy—has naturally required an increase in borrowing. But the size of Treasury issuance is only one aspect of U.S. borrowing.

Hindustan Times' R Sukumar and Shishir Gupta, Jaishankar emphasised the Modi government’s leadership in navigating complex international scenarios and underscored India’s clear and confident positions on global issues, with a specific focus on China. Addressing the situation with China, Jaishankar explained that both nations remain forward deployed along the Line of Actual Control (LAC), with increased troops and weaponry since 2020. He attributed the escalation to China’s initial actions, which India responded to in kind.

Dow topped 40,000 for the first time on Thursday in an all-time high, giving U.S. President Joe Biden an opening to prove his Republican election rival's 2020 predictions wrong. The state of the U.S. economy looms as one of the larger factors weighing on the Democratic president's bid for reelection. Persistently high prices have hindered Biden's efforts to win credit from voters for his handling of the economy, although inflation in recent months has been easing.

diesel sales continued to slide in May while petrol consumption was almost flat despite election campaigns for the general elections hitting a peak, preliminary data of state-owned firms showed on Thursday. Electioneering for general elections traditionally has led to a surge in fuel demand as candidates extensively use automobiles to reach voters. But the trend in sales by PSUs so far does not reflect that. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, at 1.367 million tonnes in the first half of May was almost the same as 1.36 million tonnes of fuel consumed in the same period last year. Month-on-month consumption however soared 11 per cent. Diesel sales dropped 1.1 per cent to 3.28 million tonnes during May 1 to 15. The demand for the nation's most consumed fuel had fallen 2.3 per cent in April and 2.7 per cent in March.

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced

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cash seized from the Ranchi-based premise of the domestic help of a secretary of Jharkhand minister Alamgir Alam «pertains» to the lawmaker and he enjoyed a fixed commission of 1.5 per cent from every tender executed in his department, the ED alleged on Thursday. The federal agency made this claim as it produced the 74-year-old Alam, a Congress leader from Pakur, before the court of special Prevention of Money Laundering Act (PMLA) Prabhat Kumar Sharma. He was arrested on Wednesday by the agency here. The court sent him to six days of ED custody. The ED had raided Alam's personal secretary Sanjeev Kumar Lal and his domestic help Jahangir Alam on May 6 and recovered a total Rs 32.2 crore from a flat in the name of the latter person. The total cash seizure in this case is Rs 37.5 crore.

Multibagger IPO: Investing in stocks is like investing in a business; one should hold one's shareholding as long as possible after investing. A stock investor must believe that money is not in buying and selling stocks but in holding. So, one should hold the stock as long as one can; this rule also applies to the primary market investors.

Tech Mahindra's former Executive Vice Chairman Vineet Nayyar passed away on Thursday at the age of 85. His former colleague and friend CP Gurnani, also a former Tech Mahindra VC, took to X to share the demise of Nayyar and expressed his grief.

Seattle Times publisher and CEO Frank Blethen has announced he will step down at the end of next year, after four decades leading the newspaper his family has owned since 1896