2020 Financial News

Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it

Most news organizations hold its journalists to strict ethical standards to avoid conflicts of interest either real or perceived

₹441, a 7.5% drop from its 10 April closing price of ₹477.70. Systematix Institutional Equities, meanwhile, has a “hold" rating on Wipro with a target of ₹440 per share. The Bengaluru-headquartered company has seen an exodus of top talent, including chief financial officer (CFO) Jatin Dalal, who joined rival Cognizant, and Rajan Kohli, the digital business head, who joined as chief executive officer (CEO) of Citrus Tech last April.

border situation with China "urgently". "China has noted the remarks by the prime minister," Mao Ning, the spokesperson of Chinese foreign ministry said in a media briefing. She added that China believes "sound and stable China, India relations" serve the common interests of both sides and "are conducive to peace and development of the region and beyond." PM Modi, in his interview, said that the stable relations are important "for not just our two countries but the entire region and world".

India lost a «substantial» amount of land to China, Defence Minister Rajnath Singh affirmed that no one can occupy even an inch of Indian land under Prime Minister Narendra Modi's leadership. Reacting to the reports of Chinese construction near the Line of Actual Control (LAC), he said that both countries are independent in carrying out construction on their side of the LAC. On being asked if China has occupied any piece of Indian land, the Defence Minister said, «I don't think so».

Samajwadi Party chief Akhilesh Yadav on Thursday wondered why the country's borders were shrinking and how free was its press. Yadav attended the special prayers at Aishbagh Eidgah here on Eid-ul-Fitr and greeted people on the occasion. «People are noticing that our country that was once developing, what is the state of law and order here now, what is our unemployment level, how free our press is, where are we standing on the parameters of health and poverty index? Why are our borders shrinking?» Yadav said without taking any names. «People are going to vote on these issues and they have decided to bring a change,» the former Uttar Pradesh chief minister said after initially declining to make any political comments «at the time of festivities».

Newsweek and opened up on the relations with China, Congress veteran Jairam Ramesh on Thursday said that PM Modi's reaction to the China issue is an 'insult to the martyrs. Taking to X, Ramesh wrote, "The Prime Minister's reaction on the China issue is not only shameful but also an insult to our martyrs who made the supreme sacrifice while protecting our borders," he wrote.

Mint reported on 28 January that the CCPA, which was formed in July 2020, was preparing to roll out e-court services in all 35 state consumer dispute redressal commissions (SCDRCs) and 10 benches of the National Consumer Disputes Redressal Commission (NCDRC). NCDRC deals with cases exceeding ₹2 crore (in compensation), while SCDRCs handles cases between ₹50 lakh and ₹2 crore. District consumer dispute redressal commissions (DCDRC) have jurisdiction over cases that entail up to ₹50 lakh in compensation.

UK has appointed Lindy Cameron as its new high commissioner to India. Cameron will succeed incumbent Alex Ellis. «Lindy Cameron CB OBE has been appointed British High Commissioner to the Republic of India in succession to Alex Ellis CMG who will be transferring to another diplomatic service appointment,» a British readout said on Thursday. The readout released by the United Kingdom High Commission in New Delhi said Cameron will take up her appointment this month.

WASHINGTON—U.S. intelligence reports show that an attack on Israeli assets by Iran or its proxies could be imminent, U.S. officials said Wednesday, as the top American military commander for the Middle East headed to Israel to coordinate a response.

National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by four unit buyers of Parsvnath Landmark Developers to initiate insolvency proceedings against the subsidiary of Parsvnath Developer. The appellate tribunal upheld the orders of the Principal bench of the National Company Law Tribunal (NCLT), which on October 17, 2023, rejected their plea on technical grounds as the number of petitioners was only four, while the total number of allottees by Parsvnath Landmark is 488. The matter relates to La Tropicana Khyber Pass, a Delhi-based project of the realty firm.

₹400 trillion in market capitalization, the sum of what all listed shares are worth. The impressive part is that participation has broadened vastly too. India boasts of over 150 million demat accounts, up from just 20 million or so a decade ago.

Federal Reserve is preparing in short order to slow the rate at which it sheds Treasury securities from its balance sheet, with policymakers generally favoring cutting the recent pace by roughly half in an effort to extend the process of shrinking holdings and reducing the risk of market trouble. According to minutes released on Wednesday of the Fed's latest policy meeting, held on March 19-20, officials are thinking about the future of their balance sheet winddown, known as quantitative tightening, or QT, with an eye toward the 2017 to 2019 period, when they last engaged in a similar process that ended up with significant market tumult.

Jujutsu Kaisen Season 3 is eagerly awaited by the fans of the popular anime. So far, anime focused on Shibuya Incident Arc. However, Shibuya Incident Arc is over and there are curiosity whether there will be third season or not. Earlier in 2023, Jujutsu Kaisen Season 3 first teaser was launched proving glimpses into the Culling Game Arc. First teaser showcased images of characters sourced from the manga, as per a report in dexerto.

Mint. According to the order, Emami has been able to make out a strong prima facie case on merits insofar as the matter of passing-off is concerned.

Kejriwal's Cabinet, Raaj Anand, resigned and quit AAP accusing it of corruption. His resignation follows a summons by ED to appear on April 12. Addressing a press conference to announce his resignation, he said, «I had stepped into politics when Kejriwal had said that politics will change. But today, with a lot of regret, I am saying that the politics has not changed but the leaders have. AAP was born out of the anti-corruption movement but now the party is steeped in corruption. It has become untenable for me to continue as a minister.» His residence was raided in November 2023 in a money laundering case by ED not connected to the liquor probe. Hours before his resignation, Anand had shared AAP MP Sanjay Singh's press meet link on social media.

Boeing has flown into rough weather again. CEO Dave Calhoun — brought in to revive the aerospace and defence giant in January 2020 from the tailspin of the two 737 Max 8 aircraft crashes in 2018 and 2019 — announced his planned December exit last month. The many pun-laced stories regarding the turbulence enveloping Boeing shouldn't distract from the bleak point that this is just another instance of a giant corporation betraying the trust of the public — and that, sadly, this won't be the last. As the findings of many investigations and committees conclude — even as the company faces fresh safety scrutiny after a Boeing engineer emerged this week alleging 'major flaws' in 777 and 787 Dreamliners — Boeing may have gotten away with shoddy design of the Max 8. The design was cleared by the Federal Aviation Administration (FAA), as per aircraft certification guidelines applicable at the time. This means no one did anything wrong intentionally. Lack of any criminal convictions thus far also appears to support this conclusion. Reduced oversight creates a swamp wherein the shady thrive, and even the scrupulous can lose their sense of ethics. Without oversight, even Atlas could be tempted to shrug and drop the heavens he bears on his shoulders.

ALSO READ: QS Asia Rankings 2024: India beats China with highest number of universities QS CEO Jessica Turner has said providing high-quality tertiary education in the face of exploding demand is the biggest challenge faced by India. "This was recognised by 2020's NEP (National Education Policy), which set the ambitious target of a 50 per cent gross enrolment ratio by 2035.

Joe Biden has marginally widened his lead over Donald Trump ahead of the November presidential election as the Republican candidate prepares for the start of the first of four upcoming criminal trials, a new Reuters/Ipsos poll found. Some 41% of registered voters in the five-day poll, which closed on Monday, said they would vote for Biden, a Democrat, if the election were held today, compared with 37% who picked former President Trump. That 4 point lead was up from a 1 point lead Biden held in a Reuters/Ipsos poll in March.

Mint, Sinha said the company is shifting its focus to round-the-clock (RTC) renewable energy projects, and highlighted its preference for battery energy storage systems due to their shorter setup times for grid-scale implementation. ReNew has a joint venture with US-based Fluence to offer energy storage solutions in India.

World trade is set to rebound this year and next as cooling inflation eases pressure on household budgets, according to the World Trade Organization, but the recovery may be weakened by growing distrust and fresh barriers between some large economies. Flows of goods and services across national borders have swung wildly over recent years in response to the Covid-19 pandemic and the subsequent lifting of related restrictions. While trade in goods soared in 2021 and 2022 as households in lockdown were deprived of access to many services, last year saw a decline of 1.2%.