2020 Financial News

Punjab Kings (PBKS) and Kolkata Knight Riders (KKR) on Friday rewrote the history of men's T20 cricket by producing a chase that occurs once in a blue moon. Sent into bat, Kolkata Knight Riders scored 261/6, but PBKS completed the chase with ease amid a batting onslaught from their top-order batters. KKR rode on a 138-run partnership between openers Phil Salt (75 off 37 balls) and Sunil Narine (71 off 32 balls).

Jonny Bairstow's incredible hundred, Punjab Kings set a new world record for the highest run chase in the history of T20 cricket as they overhauled the 262-run target set by Kolkata Knight Riders with eight wickets to spare in the IPL here on Friday. PBKS bettered South Africa's 259/4 against West Indies in March last year. In the IPL, Rajasthan Royals held the previous record for chasing down 224 against KKR at Eden Gardens recently, equalling the record they had set against then Kings XI Punjab (now Punjab Kings) in 2020 in Sharjah. Sent into bat, Kolkata Knight Riders scored 261/6 but PBKS completed the chase with eight balls to spare. KKR rode on a 138-run partnership between openers Phil Salt (75 off 37 balls) and Sunil Narine (71 off 32 balls).

Tirupati Balaji at Tirumala Tirupati Devasthanams (TTD), the world's richest Hindu temple. The temple trust received a mammoth 1,031 kgs of gold worth approximately Rs 773 crore as donations in 2023, TOI has reported. The Tirupati trust has 11,329 kg of gold worth Rs 8,496 crore deposited with various nationalised banks under the gold monetisation scheme. TTD officials observed that the devotees accord top priority to extending cash offerings to Lord Venkateswara Swamy and the second most preferred donation to the Lord of the riches comes in the form of gold. The trust has made a fixed deposit of Rs 1,161 crore this year, the highest in the past 12 years. TTD's yearwise fixed deposits since 2013 are as follows: 2013: Rs 608 crore, 2014; Rs 970 crore, 2015; Rs 961 crore, 2016; Rs 1,153 crore, 2017; Rs 774 crore, 2018; Rs 501 crore, 2019; Rs 285 crore, 2020; Rs753 crore, 2021; Rs 270 crore, 2022; Rs 274 crore, 2023; Rs 1,161 crore, 2024. The only time the Tirupati trust's fixed deposit declined below the Rs 500 crore mark was in 2021 and in 2022 during the Covid pandemic and once earlier in 2019. The Trust earns Rs 1,600 crore annually in interests on FDs.

Journalists see themselves as truth-tellers, and sometimes as contrarians

Harvey Weinstein's accusers and their advocates were shocked and angered by an appellate court’s decision to overturn the ex-movie mogul’s 2020 rape conviction

Harvey Weinstein, the former film producer who had been convited for rape and sex crimes, has achieved a significant legal victory. According to a report by The Associated Press, his 2020 rape conviction has been overturned by the New York Court of Appeal. However, the decision has sparked a fresh wave of controversy and uncertainty regarding his future legal battles and the ongoing ordeal for survivors of sexual assault.

chess prodigy D Gukesh on Thursday thanked the legendary Viswanathan Anand for playing a huge role in shaping his career, saying «I wouldn't have been close to what I am now if it wasn't for him». The 17-year-old Grandmaster scripted history on Monday by winning the Candidates Chess Tournament in Toronto to become the youngest ever challenger to the world title, beating a record created by the legendary Garry Kasparov 40 years ago. The triumph paved the way for Gukesh's clash against reigning world champion Ding Liren of China later this year. «Vishy sir has been a huge inspiration for me and I have heavily benefitted from his academy. I am truly grateful to him and wouldn't have been close to what I am now if it wasn't for him,» Gukesh said at a press conference a few hours after his arrival here to a rousing reception from fans and schoolmates.

Essel Group entities Primcomm Media Distribution Ventures Ltd and Essel Homes Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP) after Gnex Realtech Pvt Ltd, an affiliate entity, defaulted on its dues of Rs 260 crore where these companies provided corporate guarantee. The Mumbai bench of the National Company Law Tribunal (NCLT), in applications filed by Indiabulls Housing Finance Ltd, also appointed Ravi Prakash Ganti as interim resolution professional (IRP) for these companies.

Cetera is sharpening its focus on growth and succession as it appoints a seasoned M&A veteran to its leadership.

Catch and kill

A new rule in California aims to limit health care price increases to just 3% each year

MUMBAI : Two Essel Group entities face bankruptcy proceedings for allegedly defaulting on repayments adding up to ₹520 crore. The National Company Law Tribunal on Thursday admitted Essel Homes Pvt. Ltd and Primcomm Media Distribution Ventures Ltd into insolvency for failing to repay ₹260 crore each.

elections are round the corner, Union minister and BJP candidate Jyotiraditya Scindia's wife Priyadarshini Raje Scindia has also landed in the fray to campaign in support of her husband. Scindia's wife on Thursday reached Bhadora village in Guna district and interacted with people here. She said that she did not reach there as a leader and her relationship with them (people) was not one or two generations old but it was a 300-year-old relationship. «I have not come here as a leader. The relationship between you (people) and us is not one or two generations old but a 300-year-old relationship. This family (Scindia) has settled many villages here and even today work is done in those villages,» She said.

The new tax regime was introduced by the Finance Minister in the Union Budget 2020. This regime, also known as the simplified tax regime, offers lower tax rates with fewer deductions and exemptions, compared to the old tax regime. The income tax provisions allow an individual to choose either of the two regimes. The choice can be made every year except where an individual has a business or a profession.

Deutsche Bank has hired a new head of US credit trading to replace Dan Crowley, who left in February.

Students graduating from post-secondary schools in Nova Scotia and Prince Edward Island have some of the highest student loan debt in the country, according to a new report from Statistics Canada.

The covid pandemic is the great divide of the early 21st century. We compare conditions before and after 2020. This also applies to employment trends.

Apple lost its crown as China's biggest smartphone seller in the first quarter of 2024 as its smartphone shipments fell 6.6% from a year ago amid intense competition, preliminary data from research firm IDC showed on Thursday. Honor and Huawei were tied for the top spot, with Honor's market share rising to 17.1% and Huawei's share climbing to 17%, IDC said, while the iPhone maker's market share fell to 15.6%.

Mint spoke with said the contribution of automotive firms to revenue from manufacturing or engineering, research and development (ER&D) services of IT companies is now 25-35% compared to 15-20% four years ago. (IT companies do not divulge automotive numbers separately, apart from clubbing them under manufacturing or ER&D heads.) Automotive clients comprise at least 10% of the global ER&D market, which is worth $1.8 trillion, said Kumar Rakesh, India analyst for IT and automotive sectors at financial services firm, BNP Paribas.

Arizona fake elector scheme to re-elect then-U.S. President Donald Trump in 2020, the state's attorney general said on Wednesday. The court papers list a «former U.S. president,» Trump, as an unindicted co-conspirator.

Oracle Corp. CEO Larry Ellison says the business software giant’s planned campus in Nashville, Tennessee, will serve as its world headquarters and place it in a city that's a center of the health care industry