2020 Financial News

Chinese smartphone brands are seeing volumes go up once again after falling from a peak in 2020, despite continuing government scrutiny. But their cumulative revenue share is falling amid the strengthening premiumisation trend as iPhones and Samsung devices are favoured by customers at the top end. The cumulative market share of Chinese smartphone brands — Xiaomi, Vivo, Oppo, Realme, Transsion, Motorola — rose to 75% in the March quarter, after hitting a low of 61% in the July-September period, according to Counterpoint Research. This was achieved on the back of a shipment rebound by the top brands such as Xiaomi and Vivo after a few tepid quarters in 2023 due to low demand and inventory bottlenecks, the research firm said. It added that smaller brands such as Motorola and Transsion have also expanded their footprint in the market.

Rudy Giuliani has been suspended from WABC Radio and his daily show canceled over his violation of a ban on discussing discredited 2020 election claims

Wells Fargo, the third largest bank in the United States, has invested in one of the country’s new Bitcoin ETF products.

Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86.

Criminal Minds: Evolution season 2 arrives on Thursday, June 6, fans of the franchise eagerly await another interesting chapter in the gripping world of the BAU. Since its revival on Paramount+ after its original run on CBS concluded in 2020, the series has garnered widespread acclaim, attracting both loyal fans and newcomers alike.

Wipro Ltd’s head of Asia Pacific, the Middle-East, and Africa (APMEA), has resigned, marking the first senior departure since the company appointed Srinivas Pallia as the chief executive officer last month. Anis Chenchah, who was appointed as CEO of Wipro’s APMEA region by former Wipro CEO Thierry Delaporte in April 2022, announced his departure on Thursday, according to a company filing with the stock exchanges. The APMEA region had contributed 11.5% to Wipro’s $10.8 billion revenue in FY24.

In a report published on Wednesday (8 May), MPs said a «difficult small business environment» is «disincentivising risk-taking, innovation and, potentially, growth» for many UK SMEs looking to expand. As a result, the number of private sector businesses have dropped significantly from 6 million in 2020 to just 5.6 million in 2023, after initially expanding by 1.5 million within a decade from 2010. Treasury Committee 'disappointed' BoE and government have not fully accepted its QT advice According to the report, the government should improve access to finance for SMEs, including aba...

₹2.5 crore could see a handsome multibagger return of 263%, with the upper price band set at ₹272. This would elevate the value of their investment to ₹9.06 crore, resulting in a notional profit of ₹6.56 crore. In January 2020, the Indian cricketer purchased 266,667 shares at a unit price of ₹75 each through a private placement, resulting in a total investment of approximately ₹2 crore.

Also Read: Demat Account: How to create long-term wealth? Follow these 6 key steps One key tool that has emerged as a catalyst for advancing financial inclusion is the demat account. In this article, we delve into how a demat account contributes to fostering financial inclusion. Financial inclusion is when everyone can access financial services that can help them build wealth, including savings, credit, loans, equity, and insurance.

I received my 2023 Notice of Assessment this week and it contained the full details of my tax assessment, an explanation of changes and other important information, along with a one-page detailed registered retirement savings plan (RRSP) deduction limit and available contribution room statement. What it did not contain, however, was a similar statement about my available tax-free savings account (TFSA) contribution room.

Wipro on Friday announced the appointment of Vinay Firake as the chief executive officer, APMEA (Asia Pacific, India, Middle East & Africa) strategic market Unit (SMU), effective immediately. “Vinay will report to Srini Pallia and will also join the Wipro Executive Board,” Wipro said in an exchange filing.

What election? In the midst of what many expect to be the most toxic presidential campaign in modern history, American businesses are going to extraordinary lengths to stay off the political radar. Some CEOs are privately drawing up plans to tell employees not to expect comments on political matters in all-hands sessions. Others are reconsidering common election initiatives, such as get-out-the-vote drives, fearing those could be viewed in the current moment as partisan.

Jahanjeb Sami and Hina Bashir Baig, a couple residing in Delhi's Jamia Nagar, have been sentenced for their ties to the Islamic State (IS). The duo, arrested in 2020 under the Unlawful Activities (Prevention) Act, were found guilty of attempting to establish a caliphate and plotting 100 blasts in the city. Sami received sentences ranging from three to 20 years, while Baig was awarded two seven-year sentences. The investigation revealed their online personas as active radicalizers linked to IS operatives in Syria and Afghanistan. Sami and Baig, both in their mid-30s, moved to Delhi from Jammu and Kashmir in 2019. Sami, with a BTech and MBA, worked for a UK-based firm, while Baig, after her MBA, had worked in banks before taking a break. They rented a flat in Jamia Nagar's C Block, initially enjoying weekends outdoors. However, the 2019 anti-Citizenship (Amendment) Act protests and the subsequent COVID-19 pandemic kept them indoors, where they spent time surfing the internet. Arrest and Investigation

₹22.29 crore, according to a statement from a Mumbai police official on May 9, PTI reported. A criminal case involving charges of cheating, forgery, and breach of trust was lodged at the Cuffe Parade police station following court orders. The complaint, leading to the FIR, was filed by a 43-year-old assistant vice president of Axis Bank, PTI reported.

Retiring early is becoming the norm as the share of US workers planning to work beyond age 62 continues to retreat, extending a downshift that started with the pandemic.

The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week in another sign that the labor market may be softening

The fourth Bitcoin halving event is almost upon us with, if history is any indicator, the cryptocurrency likely to see a post-halving surge.

₹3,725 each. Today, they are trading at ₹9,084, marking an impressive gain of 144%. What's particularly notable is the stock's consistent positive performance, with 10 out of the last 12 months ending with gains, including a substantial 38% increase in April.

CRISIL states that the recovery rate under the IBC fell from 43% to 32% between March 2019 and September 2023. Average resolution time too has increased from 324 to 653 days. A tale of delay: There are several instances of delays in the disposal of creditors’ appeals.

Hardeep Singh Nijjar, has said in a social media video that he entered Canada on a 'study permit' which only took him days to obtain, Canada-based global news reported. The accused, Karan Brar, in a video posted online in 2019, said he applied for a student visa through EthicWorks Immigration Services in Bathinda, in the Indian state of Punjab. He said he received his study visa days later, according to a translation of his Punjabi-language statement, as per Global News.

Himachal: HC refers 3 Independent MLAs' resignation case to third judge The petitioners claimed that they were in a live-in relationship but the woman's parents lodged a police complaint accusing Khan of kidnapping and inducing her to marry him. They also sought protection of their lives and liberty, saying they were adults and as per the apex court, they were free to reside together in a live-in relationship.