2020 Financial News

Succeeding Stockton will be Jonathan Sorrell, who will initially join the business as CEO designate on 1 July, subject to regulatory approval.  Sorrell is set to join Capstone Investment advisors, a derivatives investment management firm, where he has served as president since January 2020.  Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise Prior to this, Sorrell was chief financial officer and then president of Man Group.  Once the appointment has been granted approval from the regulator, Sorrell will be join the boards of Rathbones Group plc and Rathbones Inv...

XRP, the cryptocurrency associated with Ripple Labs, experienced a significant surge, reaching $2.52, following the US Securities and Exchange Commission's (SEC) decision to withdraw its appeal against the company. This development marks a pivotal victory for Ripple and has notably boosted investor confidence in XRP. The SEC initiated a lawsuit against Ripple in December 2020, alleging that the company had conducted an unregistered securities offering worth $1.3 billion through the sale of XRP tokens. This legal action had cast a long-standing shadow over XRP's market performance. However, the SEC's recent decision to drop its appeal effectively removes a major regulatory obstacle, allowing Ripple to operate with greater clarity and assurance.

Sushant Singh Rajput's father, KK Singh on Thursday supported the Public Interest Litigation (PIL) filed by Disha Salian's father seeking a probe into his daughter's death, as he expressed hope that a conclusion could be reached on both the incidents. «I don't know his reasons and motivation for moving the court, but what he has done is right and if through this we can get a conclusion on whether it was a suicide or murder, and in this Sushant's case can also be known on what happened,» KK Singh told ANI. Earlier on March 19, Disha Salian's father had filed a petition in the Bombay High Court, seeking a probe into his daughter's death and called for interrogating UBT Sena leader Aaditya Thackeray. Talking to further, Singh said he is not aware of the reasons Salian's father moved the court, as earlier the latter had also agreed the death was by suicide. «Before (Disha) Salian's father had said he doesn't know anything, it is suicide only, but after that how and what he researched to say it is not a suicide but a murder, that I do not know. If it is true or not how can I say?» Sushant Singh Rajput's father added.

UPI transactions, which are valued at less than Rs 2,000 and are made to small merchants, the acquiring bank and other involved stakeholders will be eligible for an aggregate incentive at the rate of 0.15% per transaction value. According to the circular, “the scheme, which has an outlay of around Rs 1,500 crore for 2024-25, will have the government pay incentive to the acquiring bank (Merchant's bank) and thereafter shared among other stakeholders, namely issuer bank (Customer's Bank), Payment Service Provider Bank (facilitates onboarding of customers on UPI apps and API integrations), and App Providers (TPAPs). As per NPCI (National Payments Corporation of India), P2PM merchants, or small merchants, are those who have a projected inward UPI transaction value of less than or equal to Rs 50,000 per month.

Taxpayers who haven’t filed 2021 tax returns who may be eligible for a COVID stimulus payment must file it by April 15 to claim the credit

Sebi on Wednesday barred former TV anchor Hemant Ghai and his family members from the securities markets for five years for violating regulatory norms. Apart from the ban, Sebi has directed Hemant Ghai and his wife Jaya Ghai to disgorge the unlawful gains worth Rs 6.16 crore, along with 12 per cent interest per annum to be calculated from March 31, 2020, till the date of the interim order. It has also slapped a penalty of Rs 50 lakh each on Hemant Ghai and Jaya Ghai, Rs 30 lakh on MAS Consultancy Service, and Rs 5 lakh on financial services company Motilal Oswal Financial Services Ltd (MOFSL).

Raymond Ltd Chairman and Managing Director Gautam Singhania's estranged wife Nawaz Modi Singhania has resigned as a director on the board, according to a statement by the company on Wednesday. The resignation is effective today, the stock exchange filing said. Commenting on the resignation, company CMD Gautam Singhania said, «We thank Ms Nawaz Modi Singhania for her services as a Board member over the years. As a company, we are committed to upholding the highest level of governance while continuing to navigate the evolving landscape of the industry.»

$2.52 after the U.S. Securities and Exchange Commission (SEC) dropped its appeal against Ripple. This decision marks a major legal win for the blockchain company and has fueled a sharp rise in XRP’s price. Investors are now speculating on the future of XRP and what this means for the broader crypto market.

anti-Tesla protests, while her ex-husband continues to support Elon Musk.

Yuzvendra Chahal and his wife, Dhanashree Verma, details of their divorce have come out, ending speculations and rubbishing rumours. The primary contention in the Family Court ruling was the partial compliance with the consent terms, particularly regarding alimony. As per the agreement, Chahal had agreed to pay a permanent alimony of Rs 4.75 crore to Verma, of which Rs 2.37 crore had already been paid, Bar & Bench reported. The Family Court viewed the non-payment of the remaining amount as non-compliance, leading to the rejection of the waiver plea. Also Read: Yuzvendra Chahal and Dhanashree Verma's divorce petition to be decided tomorrow The Bombay High Court, however, noted that the couple had been living apart for over two and a half years and ruled in favour of waiving the cooling-off period. The bench of Justice Madhav Jamdar also directed the Family Court to finalize the divorce proceedings by tomorrow.

Alphabet, stand to reap returns as high as 200 times for seed investors, among them Sequoia Capital, Cyberstarts and Index Ventures. The $32 billion all-cash Wiz deal on Tuesday marked a major win for about 25 firms on Wiz's cap table, according to PitchBook, a rarity in the past few years as high interest rates and tight antitrust scrutiny reduced exit events. Among the investors, the biggest beneficiaries are those that put money into Wiz early and continued to invest over the years. Their success demonstrated the power law in venture capital when a small number of investments generate the majority of returns.

Subscribe to enjoy similar stories. Coffee Day Enterprises Ltd (CDEL) has negotiated a ₹205-crore settlement with Ares SSG Capital Management to be paid over three years , after the National Company Law Appellate Tribunal (NCLAT) set aside bankruptcy proceedings against the operator of coffee chain Cafe Coffee Day on 27 February. A part of this settlement hinges on the coffee chain achieving certain parameters linked to higher earnings before interest, taxes, depreciation and amortization (Ebitda) over the next three years, two people familiar with the development said.

Subscribe to enjoy similar stories. India’s road network is the second largest in the world and the pace of expansion shows no signs of slowing down. Over the past decade, the country’s National Highway network has grown by 60%, reaching 146,195 kilometres (km) in 2025.

In a stock exchange notice today (17 March), the board said that while its net asset value had increased 13.4% since its IPO in 2020, the board and investment manager felt that the private equity portfolio offered «a better opportunity set in the current environment». Gravis' Matthew Norris: Why private equity is snapping up REITs for a bargain The trust currently invests in a split of public and private UK equities and according to the RNS notice, 70% of the trust is currently invested in PE, 23.5% in listed stocks and the rest in cash. Indeed the latest interim report for 2024 sh...

Gold Exchange Traded Fund (ETF) investors will continue to be the key drivers of gold demand in 2025, as per a report. Geopolitical tensions and economic uncertainties are expected to push gold prices higher, while central banks' actions will play a significant role in shaping the precious metal market, IANS reported. According to the Motilal Oswal Private Wealth report, gold emerged as one of the top-performing asset classes in India in 2024, with a remarkable 21 per cent return year-on-year (YoY). While high prices affected jewellery demand, the investment demand for physical gold, especially bars and coins, remained strong. Motilal Oswal reports that although the demand was subdued in 2024 due to high prices, it was expected to recover gradually in mid-January, driven by wedding season purchases. However, price stability will remain a key factor in this recovery.

The team boasts an exciting set of players who can turn a game on its head, whether it's through explosive batting, crafty spin bowling, or fiery pace attacks. With a new season underway, here's a look at four key players to keep an eye on as they aim to finally lead DC to glory.

Heading into the 2025 season, the Capitals, led by Axar Patel and coached by Hemang Badani, are gearing up for a fresh campaign in their pursuit of the ultimate glory. Their first match in IPL 2025 is scheduled for March 24 against Lucknow Super Giants at Dr YS Rajasekhara Reddy ACA-VDCA Cricket Stadium in Visakhapatnam. This could be the year that finally sees Delhi live up to its potential.

The success stories of Spanx and Skims have made shapewear quite hip—and it’s true for India, too. A Google search for “shapewear in India” results in hundreds of options, including shapewear specialists like Dermawear, startups like ButtChique and The Active Story that started in 2020 and 2023, respectively, intimatewear labels like Nykd by Nykaa Fashion, older brands like Zivame and Clovia, international brands like Marks & Spencer and smaller brands in online marketplaces. There are tummy tuckers, sari shapewear, bodysuits, shaping dresses, 4-in-1 shapers for the stomach, hips, back and thighs, and colours that go beyond the beige, with prices starting from `250 to `7,000. So, is everyone wearing shapewear? Not as many as should, says Abhishek K Kumar, CEO of Dermawear. “In comparison to the global usage of such products, we have only scratched the surface. India still has a long way to go to adapt shapewear in daily life, which underscores the opportunity the market presents.” He that is not keen on loose petticoats and pinching drawstrings. It entered the shapewear segment with high-compression garments targeting occasion wear; that is close to 10% of its portfolio now. She says, “Today, shapewear has moved from thicker fabrics to high-compression thin fabrics. It is also being looked at beyond occasion wear.” She says people now want outerwear with shaping function, like a knit top that shapes the abdomen.

In 2012, KKR won their first title because of Sunil Narine and Robin Uthappa. They won the title in 2014 again — the first season with Andre Russell in their ranks. The next three years showed promise but didn’t bring KKR another title, leading to Gautam Gambhir’s exit ahead of the 2018 auction. Dinesh Karthik took over as captain in 2018, guiding KKR to a third-place finish in his debut season. Midway through the 2020 IPL, he stepped down, passing the leadership to Eoin Morgan, who led the team to their third final in 2021. However, Morgan went unsold the following year, making way for Shreyas Iyer, who ultimately steered KKR to their third IPL title in 2024.