FIVE Financial News

A three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves, DawnNewsTV quoted a senior security official as saying on Friday. The geographic survey has allowed Pakistan to identify the location of the deposits, and the relevant departments have informed the government of the resources found in Pakistani waters.

Northern California, resulting in the death of 81 animals, has pleaded not guilty to animal cruelty and other charges. Vicente Arroyo, 39, appeared in court Thursday after his arrest by Monterey County Sheriff deputies. The animals, including miniature horses, goats, and chickens, were housed in pens and cages in Prunedale. Monterey County Sheriff Commander Andres Rosas described the scene as traumatic. «I went out there, and it was a pretty traumatic scene. These were people’s pets,» he said. The animals belonged to an individual who rented the lot and the owner of the property. Arroyo allegedly used several weapons to shoot the animals. Court records indicate that Arroyo is charged with killing 14 goats, nine chickens, seven ducks, five rabbits, a guinea pig, and 33 parakeets and cockatiels. Additionally, he is charged with killing a pony named Lucky and two miniature horses named Estrella and Princessa, according to KSBW-TV.

Jannik Sinner, the world's top-ranked player, became the first Italian man to reach the US Open final, defeating an ill Jack Draper in straight sets on Friday. Sinner secured a spot in the championship match against either Taylor Fritz or Frances Tiafoe, showcasing a score of 7-5, 7-6 (7/3), 6-2 despite facing physical challenges. Sinner, who has previously won the Australian Open, expressed excitement about his achievement. «Jack and I know each other very well, we are great friends off court,» said Sinner. «It was a very physical match. He's so tough to beat so I'm excited to be in the final.»

Israeli strikes on a school sheltering refugees and a residential building in Gaza, the Palestinian Authority's official news agency WAFA reported early on Saturday. At least eight of the dead were in refugee tents at Halima al-Sa'diyya School in Jabalia in northern Gaza, WAFA said. The Israeli army said in a statement it had «conducted a precise strike on terrorists who were operating inside a Hamas command and control centre… embedded inside a compound that previously served as the 'Halima al-Sa'diyya' School in the northern Gaza Strip.»

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Peak XV Partners, formerly Sequoia Capital India and SEA, on Friday, divested a little over 22 per cent stake in Indigo Paints to investors like Morgan Stanley, Mercer and HDFC MF for Rs 1,557 crore via open market transactions. Venture capital firm Peak XV Partners through its two affiliates, Peak XV Partners Investments IV and Peak XV Partners Investments V, offloaded a total of 1.05 crore shares, amounting to a 22.04 per cent stake in Pune-headquartered Indigo Paints, as per the bulk deal data on the NSE.

More than two months after Hurricane Beryl, the strongest July Atlantic hurricane on record, some farmers in Jamaica are still unable to restore their crops and repair their homes

ST Telemedia Global Data Centres (STT GDC) on Friday announced an investment of $3.2 billion (Rs 26,000 crore) to expand its data centre capacity in India by 550 megawatts over the next five to six years. This will nearly triple the Singapore-headquartered data centre company’s IT load capacity to meet the demands of India's thriving digital economy, it said in a statement. STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers.

₹71,319 per 10 grams on the MCX so far in 2024. The implications of rising gold prices on Titan Co Ltd are worth evaluating as the jewellery business is the company’s mainstay, contributing 88% of FY24 revenues. ICICI Securities has analysed the data for the past 10-15 years and has found that a secular rise in the price of gold brings more tailwinds (1% rise in gold price leads to 2% increase in earnings before interest and tax, or Ebit) than headwinds.

Sabalenka reached a second successive US Open final on Thursday when she defeated a battling Emma Navarro as well as a partisan crowd to move one win away from her third Grand Slam title. Double Australian Open champion Sabalenka triumphed over the 13th-seeded American 6-3, 7-6 (7/2) and will face either Jessica Pegula of the United States or the Czech Republic's Karolina Muchova in Saturday's final. Navarro, playing in her first semi-final at the majors, went down fighting, however, when she clawed her way back from 3-5 down in the second set to take her chances in a tiebreak.

Harvinder Singh said that it is a proud moment for a player when the national anthem is played. Harvinder got his hands on India's first-ever gold medal in para-archery at the Paralympics. In a one-sided final, Harvinder ousted Poland's Lukasz Ciszek with a straight-set win, 6-0. Speaking to ANI, Harvinder said that it was a proud feeling when he won the gold medal for India at the Paris Paralympics.

mutual funds invest most of their corpus in the large and mid cap stocks. As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks. However, this definition does not tell the whole story about the large & mid cap category. Consider this: The 35% mandatory investments in mid cap stocks make them risky. However, they are less risky than pure mid cap schemes that invest around 65% in mid cap stocks. Also, the 35% investments in large cap investments offer them some stability. But they are riskier than pure large cap schemes. Then there is the question of the remaining 30% of the corpus. The fund manager has the option to decide where the money will be invested. If he thinks the large cap space is attractive, he may invest in large cap stocks. If he thinks mid cap and small cap stocks are poised to take off, he may invest in them. As you can see, these investments may increase or decrease the risk in these schemes.

Blinken said on Thursday it was incumbent on both Israel and Palestinian Islamist group Hamas to say yes on remaining issues to reach a Gaza ceasefire deal, which has faced obstacles in negotiations across months. «Based on what I have seen, 90% is agreed but there are a few critical issues that remain,» including the so-called Philadelphi corridor on the southern edge of the Gaza Strip bordering Egypt, Blinken said at a press briefing in Haiti. He said there were also some gaps in the agreement in how Israeli hostages and Palestinian prisoners are exchanged.

Ather Energy has set an ambitious valuation target of $2-2.25 billion (about ₹16,800-19,000 crore), as the electric scooter maker prepares to file its draft prospectus next week for an initial public offering (IPO), said people familiar with the matter. The Bengaluru-headquartered startup is looking to raise ₹3,500-4,000 crore through the IPO which will comprise a fresh issue and an offer for sale by existing shareholders. Funds raised through the fresh issue would be used partly for capacity expansion, the people said.

Ronaldo put his side 2-0 up at the Estadio da Luz in the 34th minute when he got on the end of a Nuno Mendes cross with a tap-in volley from close range, before falling to the ground looking emotional at reaching another milestone. 39-year-old Ronaldo has now netted 131 international goals, 450 for Real Madrid, 145 for Manchester United, 101 for Juventus and 68 for his current club Al Nassr as well as five for his first club Sporting Lisbon.

Massachusetts U.S. Sens. Edward Markey and Elizabeth Warren are among several political leaders who are attacking the leader of a troubled health care system for refusing to comply with a subpoena to appear before a Senate committee

The 2024 Paris Olympics will soon be wrapping up with the Paralympics closing ceremony on Sunday but over in Web3, crypto fans have been enjoying The Meme Games ($MGMES) all summer in a token presale that has raised $420,000.

Ola S1 Pro can take advantage of a direct discount of ₹5,000, applicable in a wide range of locations, including Karnataka, Gujarat, Odisha, Maharashtra, Madhya Pradesh, Kerala, and Chhattisgarh. Other cities where this discount can be availed include Bengaluru, Mumbai, Delhi NCR, Jaipur, Nagpur, Nashik, Kolkata, Chandigarh, and more.The S1 X (4 kWh variant) and S1 X+ are also part of the festive price cuts, with a similar ₹5,000 markdown.

Nearly five years after COVID-19, a new analysis by The Associated Press shows that U.S. regulators are struggling to address a massive backlog of uninspected pharmaceutical plants

allocation orders for three coal mines namely Machhakata (Revised), Kudanali Lubri and Sakhigopal-B Kakurhi, to NLC India Limited, Gujarat Mineral Development Corporation Limited and TANGEDCO respectively, official statement said. Of these three coal mines, one is fully explored coal mine and two are partially explored coal mines. «The cumulative Peak Rated Capacity (PRC) of the three coal mines for which Vesting Orders have been issued is 30.00 MTPA and are having 2,194.10 MT of Geological Reserves. These mines are expected to generate an Annual Revenue of Rs. 2,991.20 crores calculated on the basis of PRC and will attract Capital Investment of Rs. 4,500 crores. It will provide employment to approximately 40,560 people both directly and indirectly,» said Ministry of Coal's statement.

Kotak Mahindra Bank topped the inaugural S&P Global Market Intelligence ranking of the 32 publicly traded Indian banks based on financial performance. CSB Bank Ltd. and Tamilnad Mercantile Bank Ltd., followed in second and third positions, respectively. The S&P rankings analyse the performance of Indian lenders based on seven weighted financial metrics, including return on average equity, net interest margin, cost-to-income ratio and nonperforming loan ratio, as of the year ended March 31. Nine of the top 10 lenders in the ranking were private sector banks, with seventh-placed Bank of Maharashtra the public sector exception.