2020 Financial News
09.05 / 02:45
security
economy
trends
Experts
information
2020
Department
Personal income tax now does the heavy lifting in direct tax collections
₹7 lakh from ₹5 lakh earlier to increase its adoption. In value terms, personal income collections after refunds stood at ₹10.44 trillion in 2023-24, growing at 25.23%.
09.05 / 01:57
students
social
2020
reports
Courts
Videos
Investigations
Suspect in Hardeep Nijjar killing says he entered Canada using 'study permit'
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.
09.05 / 01:19
markets
economy
pandemic
performer
2020
Government gains PSU muscle as stocks climb peaks
value of shares held, surged to a seven-year high of 10.38% of total market capitalisation as of March 31, driven by a robust rally in several public sector unit (PSU) stocks. The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.
08.05 / 20:31
08.05 / 14:15
markets
UPS
Manufacturing
security
Strategy
performer
2020
How ABB India became a stock market darling
ABB India’s factory in the area, there’s a noticeable change. The temperature is regulated; the quintessential clatter and clang of a manufacturing unit is suspiciously missing; large windows let in abundant natural light, which coupled with the white walls, make the place resemble a laboratory more than a factory. This factory is new, inaugurated just a year ago.
08.05 / 11:57
UPS
Duke
2020
strain
Interviews
Relationships
Prince Harry won’t meet with King Charles during Invictus visit in London
Prince Harry arrived in London on Tuesday to mark the 10th anniversary of the Invictus Games but won’t see his father during the visit, a spokesperson said.
08.05 / 11:37
Provident
CEO
Strategy
Research
show
2020
orienteering
A glimpse into Prateek Agrawal’s revamp of Motilal Oswal AMC
Motilal Oswal Mutual Fund boasts of some top-performing funds. Its mid-cap fund has consistently delivered impressive returns over the past 10 years. But the fund house itself has been floundering for the last many years, with its growth style of investing taking a brutal beating.
08.05 / 08:45
markets
Manufacturing
Action
Qualcomm
2020
reports
Department
US revokes Intel, Qualcomm's export licenses to sell to China's Huawei, sources say
Intel and Qualcomm to ship chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies, three people familiar with the matter said. A fourth person said some of the companies were notified on Tuesday that their licenses were revoked effective immediately. The U.S.
08.05 / 08:01
markets
Twitter
FIVE
Booking
Manufacturing
performer
2020
M-cap of 81 listed PSUs has grown 225% under Modi govt: FM
market cap of all 81 listed public sector undertakings (PSUs) has grown by 225% under the Narendra Modi-led NDA government, while 79% returns by Nifty CPSE have significantly outpaced Nifty 500 and Nifty 50 indices, Finance Minister Nirmala Sitharaman said in a tweet on Wednesday. Sitharaman was responding to what she called charges by the Indian National Congress (INC) and its leader Rahul Gandhi that PSUs were being dismantled and were in disarray under the Modi regime.
08.05 / 03:19
security
Election
community
GENZ
2020
reports
GenZ Indian-American running for Georgia State Senate raises over USD 280K
Ashwin Ramaswami, the first Gen Z Indian-American running for a US State legislature, has raised over USD 280,000, which is considered to be a substantial figure at the state level. Ramaswami, 24, has outraised his incumbent opponent Shawn Still by 22 times in the latest filing period from Feb 1 to April 30. While Ramaswami raised over USD 146,000, his opponent raised only USD 6,400. The two are running for the State Senate in the District 48 of Georgia. According to the latest public campaign finance report, Ramaswami has raised a total of over USD 280,000 and has USD 208,000 cash on hand, his campaign said.
08.05 / 01:11
Reuters
Manufacturing
Action
Qualcomm
2020
reports
Department
US revokes some export licenses for firms supplying China's Huawei
licenses that allow companies to ship goods, such as chips, to sanctioned Chinese telecommunications equipment maker Huawei Technologies .
07.05 / 23:31
markets
COST
UPS
2020
mountaineering
Trans Mountain pipeline expansion will boost Canadian oil prices ‘for years’: MEG Energy
The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for “years” to come, an executive with oilsands producer MEG Energy Corp. said Tuesday.
07.05 / 16:53
markets
UPS
Research
pandemic
2020
sanitizer
They started hand-sanitizer businesses during covid. How are they doing now?
During the pandemic, hand sanitizers became everyone’s front-line defense—and countless startups launched to meet the overwhelming demand. Then the demand wasn’t so overwhelming anymore. According to research company Statista, the global hand-sanitizer market boomed by 500% in 2020 to $6.3 billion in revenue from $1.03 billion in 2019.
07.05 / 16:53
UPS
Citi
Career
Food
Research
pandemic
2020
Gen Z sinks deeper into debt
Young Americans are starting out with more credit-card debt than generations before them. That financial burden can have long-lasting effects. The rising debt load largely reflects a surge in prices for food and shelter at the start of their careers, coupled with a larger percentage of Gen Z who graduated with student loans.
07.05 / 11:52
UPS
Digital
Election
show
2020
reports
What to know about Trump strategist's embrace of AI to help conservatives
Brad Parscale, the digital guru behind Donald Trump's surprise 2016 presidential victory, has become an evangelist about the power of artificial intelligence to transform how Republicans campaign for office
07.05 / 11:51
07.05 / 09:47
Waters
Yellow
Trade
country
2020
Department
International
China says its military took necessary steps to warn Australia in jet incident
China said on Tuesday its military took steps to warn and alert an Australian aircraft after Australia blamed a Chinese fighter jet for endangering one of its military helicopters during an «unsafe» confrontation over the Yellow Sea.
07.05 / 02:11
07.05 / 02:09
markets
Manufacturing
CEO
Cycling
2020
Schools
cricket
MS Dhoni-backed EMotorad’s e-cycle gigafactory almost ready
electric cycle maker EMotorad, in which cricketer Mahendra Singh Dhoni invested an undisclosed sum last month, is set to complete the phase-1 build of its factory at Ravet, Pune. The 2,40,000-sq. ft. facility, scheduled to be inaugurated on August 15, will have the capacity to make 500,000 million e-cycles, founder and CEO Kunal Gupta told ET. It will also employ 300 more people, from the current 50, by then, he added.
06.05 / 23:33
markets
UPS
Action
2020
reports
Investigations
Canada’s Competition Bureau is investigating Lululemon
Canada’s Competition Bureau is investigating Lululemon over concerns the company is misleading consumers about its environmental impacts, after an advocacy group filed a complaint with the federal watchdog alleging “greenwashing.”
06.05 / 15:55
security
Apple
Align
trends
2020
reports
iPhone 15 Pro Max becomes best-selling smartphone in Q1 2024, outpacing Samsung models: Report
iPhone models, with the iPhone 15, iPhone 15 Pro, and iPhone 14 coming in second, third, and fourth, respectively. Samsung's Galaxy S24 Ultra took the fifth spot, while the Galaxy A15 5G and A54 secured sixth and seventh. Moreover, the report also highlighted that the iPhone 15 Plus secured the eighth position, whereas the Galaxy S24 and A34 rounded out the top 10.
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