FIVE Financial News
16.09 / 21:39
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Adventure
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Investigations
A final, tragic text from doomed Titan sub revealed at Coast Guard hearing
Titan submersible were revealed in a hearing Monday, presented by the U.S. Coast Guard alongside a re-creation of the journey aboard the fated experimental vessel.The hearing, expected to last two weeks, will examine the causes of the June 2023 implosion that instantly killed five people on board.According to the presentation, crew aboard the Titan were communicating with support staff aboard the Polar Prince via text message shortly before they lost communication.The Polar Prince was the Titan’s support vessel and had towed the submersible out to the area in the North Atlantic where it carried out its dive.As the submersible descended on its mission to view the wreckage of the Titanic, there were repeated inquiries from the Polar Prince about the Titan’s depth and weight, as well as texts asking if the Titan could still see the Polar Prince on its onboard display.
16.09 / 19:21
16.09 / 18:35
UPS
FIVE
Food
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Features
peace
5 Best Hand Blenders by Philips: The Kitchen Essentials
From compact models ideal for quick tasks to more advanced options packed with multiple speed settings and attachments, Philips offers a range of hand blenders suited to various cooking needs. In this article, we’ll explore the best Philips hand blenders available, highlighting their key features, performance, and how they can elevate your culinary experience.
16.09 / 17:29
markets
UPS
FIVE
Pool
Dreams
wellness
Ottawa to expand 30-year amortizations, raise insured mortgage cap
mortgage market, expanding the availability of 30-year amortizations and raising the cap on insured mortgage products.First-time homebuyers, as well as those purchasing new builds, will soon be able to take out insured mortgages with a 30-year amortization, up from the typical 25-year payback period.Additionally, the Liberals are raising the price cap for taking out insured mortgages to $1.5 million compared with the previous bar of $1 million.Both proposed changes would go into effect on Dec. 15.Deputy Prime Minister and Minister of Finance Chrystia Freeland made the announcements on Monday in Ottawa where members of Parliament are reconvening for the start of the fall sitting in the House of Commons.She positioned the move as helping Canadians to afford a first home.“It is going to put the dream of home ownership in reach for more young Canadians,” she told reporters.Extending amortizations helps to reduce the monthly burden of carrying a mortgage, though a homeowner is likely to pay more in interest over the life of the loan.Because households have to put down more than 20 per cent upfront when purchasing a home with an uninsured mortgage, the current price cap for insured mortgages creates a significant barrier for Canadians looking to purchase a property worth more than $1 million.In some of Canada’s most expensive housing markets, the average home price is already above that bar, making it difficult for some prospective buyers to save enough to ever own a home.Under the proposed changes, an individual could put down between five and 20 per cent of the value of a home worth up to $1.5 million, lowering the size of the down payment needed.The proposals come after the Liberals instituted new changes as of Aug.
16.09 / 17:27
markets
Citi
FIVE
RAI
country
exclusive
Interviews
Franck Muller is fully focused on India: Top Exec
Franck Muller is fully focused on the country, said Erol Baliyan, MD for Middle East, Africa and India at the luxury watch brand in an interview with ET. Ahead of Diwali, Franck Muller hopes to launch its third India focused collection and might also foray into luxury residential real estate here overtime, Baliyan told ET. The Franck Muller Aeternitas at London Gate, Dubai Marina, is set to be the world's tallest residential clock tower with 106 floors. “We are working on a very exclusive project of handcrafted 108 pieces for India and we hope to launch it before Diwali. Our real estate foray has been very successful and we want to do the third project in India. Hopefully, we will have a Franck Muller tower in the skyline in India in future,” he said.
16.09 / 16:41
markets
FIVE
BBC
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Photos
Courts
Investigations
Former prominent BBC news anchor gets suspended sentence for indecent images of children on phone
BBC news anchor Huw Edwards, once one of the most prominent media figures in Britain, was given a suspended prison sentence on Monday for indecent images of children on his phone. Edwards, 63, pleaded guilty in Westminster Magistrates' Court in July to three counts of making indecent images of children, a charge related to photos sent to him on the WhatsApp messaging service by a convicted pedophile. Chief Magistrate Paul Goldspring sentenced Edwards to a six-month prison term suspended for two years.
16.09 / 16:20
markets
UPS
FIVE
Digital
security
RAI
Axis Balanced Advantage Fund completes seven years, offers 11% CAGR since inception
Axis Balanced Advantage Fund, an open-ended dynamic asset allocation fund, has completed seven years in the market and offered 10.70% CAGR since inception. Launched in August 2017, the scheme has offered 13.51% CAGR in the last five years. In the last three years, it offered 12.88% CAGR. The scheme delivered 29.26% and 16.88% returns, respectively, in the last one-year and six-month horizons.
16.09 / 14:32
markets
UPS
FIVE
Election
President
Congress releases manifesto for Jammu and Kashmir elections
Congress on Monday released party manifesto for the upcoming assembly elections in Jammu and Kashmir ahead of the first-phase polling on September 18, 2024. Jammu and Kashmir goes to polls in three phases — September 18, September 25 and October 1. The counting of votes will take place on October 8. The manifesto was released by AICC chief spokesperson Pawan Khera and PCC president Tariq Hameed Karra at the party office in Delhi.
16.09 / 14:10
COST
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Boeing
International
Boeing machinist strike adds cash crunch to new CEO’s rescue mission
Subscribe to enjoy similar stories. A tough job just got much tougher for Boeing’s new CEO. When the jet maker’s largest union went on strike Friday, the walkout compounded the list of problems facing Kelly Ortberg, who took Boeing’s top job five weeks ago.
16.09 / 10:37
markets
FIVE
Digital
Citizens
Experts
RAI
Bandhan Bank raises its highest deposit rate to 8.05%
Bandhan Bank has revised its deposit rate structure with the introduction of two new maturity schemes. The private sector lender said it will offer a 8.05% rate for one year fixed deposits — which is a new tenure introduced, while it has withdrawn the one-and-nine month scheme bearing 8% rate. Senior citizens will get 8.55% for the one year deposit, the bank announced Monday. Effectively, the one-year deposit will now carry the highest offer from the bank.
16.09 / 10:24
markets
FIVE
Digital
Experts
RAI
Schools
Eros Group aims Rs 900 crore revenue from new housing project in Greater Noida West
Eros Group is expecting around Rs 900 crore revenue from its new housing project in Greater Noida (West) on strong demand for premium residential properties. The company has recently launched its new housing project 'Eros Sampoornam 3' in Greater Noida West comprising a total of 726 units. The project is spread over 5.5 acre and is scheduled to be delivered by 2028. To begin with, Eros Group has opened 318 units across five towers for sale and has already sold around 180 units valuing Rs 250 crore. Avneesh Sood Director, Eros Group said, «The early sales success reflects the trust and confidence that homebuyers have in our brand.»
16.09 / 07:39
markets
UPS
FIVE
wellness
trends
Cycling
rights
No market crash on the horizon; private banks to pip PSBs, power a mega theme: Ravi Dharamshi
Ravi Dharamshi, CIO, ValueQuest Investment Advisors, says the generalization that the entire market is expensive tends to miss out on a lot of nuances. There are pockets where there is overvaluation and there are pockets where there is some opportunity present from the next three to five years. India is making itself stand apart from the rest of the world because it is driven by domestic flows. It is driven by much stronger fundamentals. While a correction cannot be ruled out, we are not on the verge of a crash or any crisis that will lead to capital disruption. Right now, the big trigger is going to be coming in from the Fed midweek, but other than that, it is a global rally in place, be it for the US, be it for us. For us, the FIIs also now have made a comeback. How are you feeling about the market? Ravi Dharamshi: There is a lot of scepticism, justifiably through the valuations. But valuations are a necessary condition, not a sufficient condition for the markets to correct. I would say the generalization that the entire market is expensive tends to miss out on a lot of nuances. There are pockets where there is overvaluation and there are pockets where there is some opportunity present from the next three to five years.
16.09 / 03:42
15.09 / 21:14
markets
FIVE
Digital
President
RAI
boating
At least 40 people go missing after boat capsizes in Nigeria, authorities say
Nigeria, said President Bola Tinubu on Sunday. The accident happened in Zamfara state, as farmers were trying to get to their land, said Tinubu in a statement. The president promised support for the victims and directed emergency agencies to assess the incident. Yazid Abubakar, a police spokesperson in Zamfara, told The Associated Press the accident happened on Saturday and that five people were rescued, but 40 are still missing. It was not immediately clear how many people were on the boat when it went down.
15.09 / 18:15
markets
FIVE
Waters
BURST
evacuation
Floods claim more lives as torrential rain pounds central Europe
Poland, a rescue worker was killed in Austria and thousands were evacuated in the Czech Republic after heavy rain continued to batter central Europe on Sunday, causing flooding in several parts of the region. A low-pressure system named Boris has triggered days of downpours and rivers have burst their banks from Poland to Romania, where the death toll rose to five on Sunday. More rain and strong winds are forecast until at least Monday. Some parts of the Czech Republic and Poland faced the worst flooding in almost three decades, as towns evacuated thousands of residents. A quarter of a million Czech homes were without power.
15.09 / 16:59
markets
FIVE
security
country
testing
Bangladesh arrive in Chennai, skipper Shanto confident of good show after Pakistan series win
Bangladesh team arrived in India on Sunday for two Test matches and three T20Is with visiting skipper Najmul Hossain Shanto hoping that their historic 2-0 series win in Pakistan recently would hold them in good stead against the formidable hosts in the coming weeks. The Bangladesh squad landed in Chennai, the venue for the opening Test beginning on September 19, on Sunday afternoon. «It's definitely going to be a very challenging series for us,» Shanto was quoted as saying at the pre-departure press briefing at the Dhaka airport. «After a good series (vs Pakistan) there is definitely an extra confidence in the team, in the people of the country. Every series is an opportunity.
15.09 / 12:32
markets
FIVE
Digital
Experts
RAI
Schools
Three women among five killed on suspicion of practising witchcraft in Chhattisgarh, five detained
witchcraft in a village in Chhattisgarh's tribal-dominated Sukma district on Sunday, police said. Five persons, all from the same village, have been detained concerning the murder and are being interrogated, they said. The incident took place in Ektal village under Konta police station limits and the victims were identified as Mausam Kanna (34), his wife Mausam Biri, Mausam Buchcha (34), his wife Mausam Arjo (32), and another woman Karka Lachhi (43), a police official here said.
15.09 / 08:09
UPS
FIVE
Sustainability
community
film
Wildlife
‘From Catapults to Cameras’: Looking at the wild through children’s lens
Subscribe to enjoy similar stories. It was in 2019 that filmmaker Ashwika Kapur got to know about the ritualistic hunting festivals, which take place in the seven south-western districts of West Bengal—also called jangal mahal, comprising areas such as Purulia, Jhargram and Bankura—between January and June every year.
14.09 / 21:07
markets
FIVE
Fighting
Election
RAI
Rebels contest in big numbers in Haryana, but impact to be seen in Cong-BJP direct fight
BJP rebels and 42 Congress rebels have filed nominations. The bulk of Haryana's 13 assembly elections since its formation have seen a more triangular contest, with party rebels contesting as independents playing a prominent role. This time, in addition to party rebels, other notable players or combinations include INLD-BSP, JJP-ASP, and AAP.
14.09 / 19:14
markets
FIVE
Football
Barcelona
RAI
Department
rights
With revenge on mind, Barcelona visit Girona
Barcelona’s trophyless campaign last season was when it was spanked not once, but twice, by the formerly modest Girona. Girona dealt Barcelona a pair of stinging 4-2 defeats as the club partly owned by Manchester City’s Abu Dhabi ownership emerged as one of the surprise packages of European football. It finished the Spanish league in third place, just behind Barcelona in second, and classified for the Champions League for the first time. Those embarrassing losses to a fellow Catalan club played a part in the downfall of Xavi Her nández as Barcelona's coach.
14.09 / 18:32
markets
FIVE
Election
President
show
reports
Assam Congress issues showcause notices to five leaders, gives seven days’ time to respond
Assam Pradesh Congress Committee has show caused five leaders including three MLAs for breach of party discipline and they have been given seven days’ time to respond. The recommendation of DAC Assam PCC for the readmittance of former Minister Nilomoni Sen Deka who deposed before the DAC Assam PCC with an undertaking, has been forwarded to AICC for its approval. A status report will be submitted by DAC Assam PCC to All India Congress Committee shortly. The DAC has show caused MLAs includingAbdur Rashid Mondol, Rekibuddin Ahmed, Bharat Chandra Narah besides Mira Barthakur, President Assam Pradesh Mahila Congress and Samsuddin Barlaskar President Hailakandi, District Congress Committee.
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