The proposed break-up floated in a 23-page document filed late...
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Billionaire Gautam Adani indicted in US for bribery and fraud
Gautam Adani, chairman and founder, Adani Group However, Adani...
Aon appoints Magnus Roe as global chief data and analytics Officer based in Singapore
Magnus Roe, global chief data and analytics officer, Aon This...
Aon’s new quality of Intellectual Property Solution helps companies realize full value of their IP portfolio
“Our Quality of Intellectual Property solution and resulting report helps companies articulate and realize the full value of their IP portfolio for M&A or financing transactions,” said Lewis Lee, CEO of IP Solutions at Aon.
“With QoIP, a deal team can catalogue IP with greater precision, describe its connection to the enterprise’s revenue streams and strategy, and benchmark it against competing IP portfolios. We believe this will help sellers better position their company to the marketplace,.” he said.
SEBI proposes extending risk management committee requirement to top 1,000 listed firms
The committee should be responsible for taking measures for risk mitigation, business contingency plan as well as monitoring and overseeing implementation of the risk management policy, as per the watchdog. It should also be responsible for keeping the board informed about the nature and content of its discussions, recommendations and actions to be taken.
Britain hardens climate disclosures for listed companies
“We will also consult in the first half of 2021 on extending the scope of these rules and also on introducing Taskforce on Climate-related Financial Disclosures obligations for asset managers, life insurers and pension providers,” Rathi told an online conference hosted by the City of London.
Crypto crime slows in 2020, but ‘DeFi’ hacks rise: CipherTrace report
Crypto crime hit $4.5 billion globally in 2019.
So far this year, losses from thefts and hacks, excluding misappropriation and fraud, grew to $468 million as of end-October, up 30% from $361 million for the whole of last year, the CipherTrace report said. About 20% of those hacks, or roughly $98 million, came from “decentralized finance” or DeFi, which are transactions on platforms that facilitate lending outside of banks.
Global Markets: Risk assets cheer Biden win, dollar nurses losses
“The best opportunities now lie within segments of emerging markets, in particular China and North Asia. I believe earnings momentum and valuation put China in a very attractive risk/reward position.”
Chinese shares started higher with the blue-chip CSI300 index .CSI300 up 2.2% on hopes of better Sino-U.S. trade relations under Biden.
Investors bet vaccine sparks revival in beaten down stocks
As the market hype around the U.S. election ebbs, investors are now preparing for good vaccine news, which they believe is a matter of when, not if.
“It’s going to be absolutely massive,” said Stuart Oakley, head of cash currency trading at Nomura in London. “If we get a vaccine, we’re going to see all that pent up demand coming out.”
Of the roughly 45 vaccines undergoing human trials, those from Pfizer and Moderna are seen as possibly winning regulatory approval this year, with AstraZeneca not far behind.
Investors are looking beyond an expected “excitement rally” and at longer-term beneficiaries and short-selling opportunities.
Top $5 trillion investor group pushes firms to cut out thermal coal
In a report seen by Reuters ahead of its release on Monday, the alliance said all companies owned by the group needed to develop their own plans to transition away from thermal coal.
“If no long-term carbon footprint reduction can be produced the members will need to escalate and ultimately divest,” Günther Thallinger, Member of the Board of Management, Investment Management, Environmental, Social and Governance (ESG) at Allianz, said.
Bezos beats defamation lawsuit over photos leaked to enquirer
A California state judge, who had issued a tentative ruling dismissing the case on Thursday, officially tossed it out on Friday under a law protecting free-speech rights.
IIT study cites risk of plastic contamination in drinking tea from disposable paper cups
“Our research has confirmed contamination of the hot liquid served in paper cups due to the degradation of microplastics and other hazardous components from the lining material of the cup. Paper cups are usually lined by a thin layer of hydrophobic film which is made of mostly plastic (polyethylene) and sometimes co-polymers to hold the liquid in the paper cup. Within 15 minutes this microplastic layer degrades as a reaction to hot water, ” said Sudha Goel, Associate Professor at IIT Kharagpur
Bigbasket faces potential data breach; details of 2 crore users put on sale on dark web
The only customer data that we maintain are email IDs, phone numbers, order details, and addresses so these are the details that could potentially have been accessed. We have a robust information security framework that employs best-in-class resources and technologies to manage our information. We will continue to proactively engage with best-in-class information security experts to strengthen this further,” Bigbasket said.