2020 Financial News

Global venture capital funding declined 30% in the first quarter, continuing its slump as investors remain cautious amid sputtering economies and a sluggish market for stock-market debuts.

A former longtime executive in Donald Trump’s real estate empire is set to be sentenced for lying under oath in the ex-president’s New York civil fraud case

When billionaire philanthropists, celebrities, global embassies, and the National Football League want to lend a helping hand to American veterans, they increasingly turn to one source: the Bob Woodruff Foundation

₹1,510–1,490 with a stop loss of ₹1,445. The stock has gained around 5 percent in the last 1 year but has shed 3 percent in 2024 YTD, despite giving positive returns in 3 of the 4 months so far. It has been flat in April after a 10.5 percent decline in March.

Nippon Steel Corp. executive sat the one man who now appeared to have the fate of the $14 billion deal in his hands: David McCall, head of the United Steelworkers union. The Japanese bid to take over United States Steel Corp. had widely been viewed as a slam-dunk offer — the only sticking point was winning over the union and, in turn, its political leverage. Mori assured McCall that Nippon Steel would offer commitments to invest more than $1 billion in the iconic American company while also promising no idling of plants and, most importantly to its workers, no immediate layoffs.

Bitcoin (BTC) development company MicroStrategy may be planning to dilute shareholder value after the price of its stock and convertible bonds skyrocketed in recent months.

JPMorgan Chase Banking Business CEO Ben Walter discusses how small business optimism can increase on The Claman Countdown.

Indiabulls Real Estate (IBREL) and Embassy Group is hampering decision-making process, impacting the listed real estate firm's growth plans and unsettling stakeholders, Jitendra Virwani, the group's chairman and founder, told ET. First announced in 2020, the merger was expected to create one of India's largest property developers. The merger scheme has been approved by regulators and 99.99% of IBREL shareholders, and is currently awaiting nod from National Company Law Appellate Tribunal (NCLAT). «The delay in the merger between the company (IBREL) and the Embassy Group has been detrimental for both the companies and their stakeholders due to its prolonged uncertainty,» Virwani said in an exclusive interaction. «With one promoter stepping off and the other not being able to take control, there has been a lag in decision making and in taking the company forward despite the real estate sector witnessing one of its best growth years.»

Paytm app, witnessed a decline in its unified payments interface (UPI) market share, dropping to nine percent in March, according to data available on NPCI, as quoted by Moneycontrol. This marks its lowest level in the past four years. The decrease follows a drop to 11 percent in February, down from the previous month, attributed to regulatory restrictions imposed on its affiliate, Paytm Payments Bank Limited (PPBL), by the Reserve Bank of India (RBI).

Web3 infrastructure provider Metaplanet (3350) has seen a surge in its Tokyo-listed stock by nearly 90% within just two days after adding $6.56 million worth of Bitcoin (BTC) to its balance sheet. 

IPL 2024: Twenty-two year old Sri Lankan spinner Vijayakanth Viyaskanth has been chosen to replace Sunrisers Hyderabad legspinner Wanindu Hasaranga. Hasaranga was ruled out of the ongoing Indian Premier League (IPL) 2024 due to chronic heel pain in his left foot, ESPNcricinfo reported on Tuesday. Follow PBKS vs SRH 2024 IPL Live Score here "Wanindu Hasaranga will be unavailable for the season due to injury.

Ben Delo, co-founder of cryptocurrency exchange BitMEX, will face a class-action lawsuit brought forth by exchange users, a United States federal judge has ruled. 

A trial is set to begin against BNSF Railway over the lung cancer deaths of two people who lived in a northwestern Montana town where thousands of people were exposed to asbestos from a vermiculite mine

Khichdi scam case, Enforcement Directorate (ED) has issued summons to Amol Kirtikar. "When I started working on this scam, I came to know that the 'kingpin' was someone else. The kingpin in this whole scam is Shiv Sena (UBT) spokesperson, Sanjay Raut...," Sanjay Nirupam, who was expelled for six years by the Congress, was quoted by news ANI as saying.

Warren Buffett made a fortune by investing in electric utilities in the western U.S. Now, the world’s best-known investor says wildfires might undermine that strategy. PacifiCorp, a utility company owned by Buffett’s Berkshire Hathaway, has incurred hundreds of millions of dollars in liability costs tied to a series of Oregon wildfires in 2020 and might owe hundreds of millions more.

Stephens, who currently serves as JPMAM's global co-head of ETF capital markets, has replaced DWS global head of capital markets Keshava Shastry, who is stepping down from the committee after four years.  Rajat Tiwari, iShares EMEA global markets at BlackRock, has been appointed deputy chair, succeeding Stephens, who held the role from April 2020.  Newton IM and M&G Investments chiefs Munro and Pinto join Investment Association board Galina Dimitrova, director, investment and capital markets at the IA, said: «We would like to thank Keshava Shastry for his time and dedication to tak...

Haryana Home Minister and BJP leader Anil Vij on Monday clarified his stance amid speculation of him leaving BJP after he removed the phrase "Modi Ka Parivar" from his profile. He said he is a staunch supporter of the BJP, and even if his blood were to come out, it would still say BJP. During his interaction with reporters, he said he had to remove 'Modi Ka Parivar' from his X social media account due to character limitations. However, he clarified that the phrase 'Modi Ka Parivar' is still mentioned in his account's biodata. «Everyone knows that I have now become 'X' and I should write 'X' everywhere. But when I started writing 'X' in my profile, at that time, due to character limitations, I had to remove it (the phrase Modi Ka Parivar from my name) and put it in my biodata. I am a staunch supporter of the Bharatiya Janata Party. Even if my blood comes out, it will also say BJP,» he said.

Real estate agent Mauricio Umansky says high mortgage rates, high prices and low supply are creating difficulties for homebuyers on 'The Claman Countdown.'

₹13.8 crore in 2024, 40% higher than pre-covid levels, according to the Deloitte India Executive Performance and Rewards Survey. The average salary of junior executives is estimated to have grown at about half that rate over the same period. According to the survey, every second CEO has a target compensation of more than ₹10 crore in 2024, compared with every third CEO in 2020.

Wipro have gone up 116% during Frenchman Thierry Delaporte's tenure as the CEO and MD. With effect from April 6, Srinivas Pallia, CEO of the Americas 1 business unit of Wipro, has taken over the hot seat. Delaporte had joined Wipro on July 6, 2020, when the market capitalisation was around Rs 117,500 crore. It ended at Rs 2.53 lakh crore at the end of Friday's session. After the rejig at the top management, the stock fell up to 1% at Rs 478.40 on BSE on Monday.

Operating margins, too, are lowest among peers. And the change comes at a time when clients are in no mood to ramp up big budget transformation deals.