2020 Financial News

A diplomatic standoff with China over border issues since 2020 has resulted in an accelerated push for curbing imports and boosting local supply chains. China is the world's largest exporter of solar modules.

₹20,000 crore from the markets through a follow-on public offer (FPO) likely as early as next week, said three people aware of the discussions the cash-strapped company was having with banks. It is learnt to have appointed Axis Bank, Jeffries Group and State Bank of India as lead bankers for managing the share sale. Two of the people cited above said that a price band may be decided by early next week, which is likely to be at a discount to the current price.

vision corrective surgery. However, if you’re worried about pain, laser eye surgeries are not only effective but painless as well. With the use of numbing drops and other medicines, the overall experience will be smooth.

BJD for the 21 Lok Sabha seats, Chief Minister Naveen Patnaik's party has nominated at least seven leaders who came from either the BJP or the Congress. The turncoats who have been nominated by Patnaik for the Lok Sabha elections are Surendra Singh Bhoi (Bolangir), Parineeta Mishra (Bargarh), Bhrugu Baxipatra (Berhampur), Manmath Routray (Bhubaneswar), Ansuman Mohanty (Kendrapara), Pradeep Majhi (Nabarangpur) and Dhanurjay Sidhu (Keonjhar). While a number of senior leaders including former MP Prasanna Patsani were in the race for the party ticket from Bhubaneswar Lok Sabha seat, Patnaik preferred to pick Manmath Routray, a commercial pilot and son of six-time Congress MLA Suresh Routray. He was given BJD ticket within hours of his induction in the regional outfit.

His appointment, effective from last month, comes nearly 18 months after his departure from Franklin Templeton in October 2022, where he had worked since 2020 upon the firm's acquisition of Legg Mason.  Prior to joining Legg Mason, Barry spent 19 years at JP Morgan Asset Management, where he was a managing director and held a number of senior positions in London and New York. He began his career at Fidelity International, working in telesales.  Franklin Templeton's head of UK wholesale channel leaves firm «I am delighted to join SMDAM and bring my extensive experience to this fast-...

cancellation of the Foreign Contribution Registration Act (FCRA) licences of five prominent non-governmental organisations (NGOs), the home ministry officials said that the action was taken following «due process of law». Among the NGOs that lost their FCRA licences were CNI Synodical Board of Social Service, Voluntary Health Association of India, Indo-Global Social Service Society, Church Auxiliary for Social Action and Evangelical Fellowship of India, added officials. The FCRA license is granted by the home ministry to NGOs and think tanks for five years and their applications are reviewed based on annual returns and foreign grants received for the purpose it is meant for.

PDP) will contest all three Lok Sabha seats in Kashmir, party chief Mehbooba Mufti announced on Wednesday. She said the INDIA alliance partner, National Conference, had humiliated her party, leaving it with no option in the run-up to the general election. The former J&K chief minister said at a presser at party headquarters that the desperate situation in the region after August 5, 2019, demanded a united response but NC vice-president Omar Abdullah humiliated the PDP and left no room for any consultations. «There has been an environment of oppression here since August 2019 and thousands of youngsters are rotting in jails outside J&K. In this situation, we had to stand united. But my workers were humiliated by the remarks of Abdullah,» said Mufti.

Kunal Kashyap, who was heading risk at fintech unicorn Cred, has quit to join rival firm Slice, which is set to become a bank through the proposed merger with North East Small Finance Bank, said two people in the know. “Kashyap will be leading part of the credit business within the newly-formed bank which will be officially launched after regulatory authorities clear the merger,” one of the persons said.

NASA has opened applications for astronauts for the first time in four years, seeking candidates with diverse backgrounds. Thousands of applicants vie for a spot in the rigorous Astronaut Candidate training program. Only a select few are chosen for this intensive program. This recruitment drive comes after over 12,000 people applied to be astronauts in 2020, resulting in the selection of 10 astronaut candidates in December 2021, who are now eligible for flight. NASA has selected 360 astronaut candidates to date for its missions exploring space.

Rajasthan chief minister Ashok Gehlot, Congress leader Sachin Pilot says moving on was in the best interest of the party and stressed he would «100 per cent» campaign for his senior colleague's son Vaibhav who is contesting the Lok Sabha polls from Jalore. In an interaction with PTI editors at the news agency's headquarters here, the Congress general secretary said a redux of the 2004 election when the party won the polls despite the India Shining campaign of the NDA is very much on the cards. «Repeat of 2004 is very much possible given the circumstances, given the unrest among most people. What you don't see in the media is the real sentiment on the ground. This politics of jumlas and overconfidence (by the BJP) has its limits,» Pilot said earlier this week. Asked how he has been able to shake off his past differences with Gehlot and the former Rajasthan CM's 'nikamma-nakara' jibe at him in 2020, Pilot said, «I saw no advantage in replying in the same coin, I refused to be provoked, chose dignity and grace over name-calling and, more importantly, decided to show a large heart and move on.»

Patel Engineering, one of the major infrastructure and construction companies, was one such stock in this regard. After experiencing persistent selling pressure from January 2022 to February 2023, resulting in a 50% decline, the stock reversed its trajectory in the subsequent months and has since maintained a steady upward trajectory. Also Read: Six realty stocks delivered 100%-235% returns in FY24.

Independent. Royal author Dr Tessa Dunlop told the Mirror: “Harry is the self-identifying royal 'spare'. And in the wake of his sister-in-law's health revelations, I expect he feels more spare than ever," as quoted by the Independent.

Economic Times reported that the proposal to introduce employee stock ownership plans (ESOPs) has been on hold for some time, but it may gain momentum after the Lok Sabha elections. "There have been talks with the government last month on issues pertaining to PSBs, including ESOPs," a bank executive told ET, adding that lenders will soon present a framework to the government. Livemint could not independently verify the development.

Jeff Bezos is expanding his real estate portfolio with a third mansion on South Florida's exclusive Indian Creek island. As reported by Bloomberg, the founder of Amazon.com Inc. has reportedly agreed to pay around $90 million in an off-market deal for a six-bedroom home in the Miami-area enclave.

The stock market gave 401(k)s a 19% boost last year. Inflation cooled. Still, lots of people feel no closer to hitting their magic number for retirement.

The number of Canadians contributing to registered retirement savings plans in 2022 shrank overall, a new report shows.

General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday

Tesla reported its first year-over-year decline in quarterly deliveries since 2020, missing Wall Street’s expectations and stoking further concern about the company’s growth prospects this year. Elon Musk's electric-vehicle maker delivered 386,810 vehicles globally in the first three months of 2024, down 8.5% from a year earlier. It was the company’s lowest quarterly performance since the third quarter of 2022.

UPS will become the primary air cargo provider for the United States Postal Service

Microsoft will stop packaging its Teams videoconferencing app with its Office software after the practice attracted antitrust scrutiny

India closed out FY24 a «stellar performance» in March, a private survey showed, as companies stepped up hiring in response to strong production and new orders. The HSBC India Manufacturing PMI rose to a 16-year high of 59.1 in March, from 56.9 in February. While this number was the highest since February 2008, it was lower than HSBC's preliminary estimate of 59.2. A reading of over 50 separates expansion from contraction. India's manufacturing output rose for the 33rd consecutive month in the final month as growth quickened across consumer, intermediate and investment goods sectors.