FIVE Financial News

Digital infrastructure firm Black Box is looking for partnerships or mergers and acquisitions to enter the Indian market, which is the most lucrative data centre opportunity for the next three to five years, said Sanjeev Verma, a wholetime director of the Essar Group subsidiary. The systems integrator serves top tech companies in more than 35 countries. It offers data centre services, along with connectivity and networking infrastructure. The company is aiming to achieve $2 billion in revenue in the next four years, Verma said.

scoreless and defending champion Real Madrid settled for a 1-1 draw at Las Palmas in the Spanish league. Mbappe, Madrid's biggest signing in years, is yet to score in the league this season. His only goal with Madrid came in the team's UEFA Super Cup victory against Atalanta earlier this month. It was Vinicius Junior who scored for Madrid, which beat Valladolid 3-0 in the previous round but had opened its title defense with a 1-1 draw at Mallorca. «It's been difficult for us to be as solid as we were last season,» Madrid coach Carlo Ancelotti said.

Earlier this month, the Canada Revenue Agency updated its comprehensive folio on the topic of interest deductibility , and while most of the changes aren’t of interest to the average taxpayer, the folio has been revised to add a reference to more recent case law on the meaning of the phrase, “for the purpose of earning income from a business or property.”  

Manifest spinoff, much to the delight of the show's dedicated fanbase. Rake's message read: “Hey Manifesters! I know. It’s been a long time. No green light yet, but fyi my partners and I are working nonstop to bring you the spinoff you deserve.” He further encouraged fans to “Keep the faith” and wished them a “happy and healthy 828!!!” This cryptic message was a nod to Flight 828, the central mystery of the series which captured viewers’ imaginations, as per a report by TV Insider.

The Teamsters union that represents workers at both of Canada's largest freight railroads has filed the lawsuits it promised challenging the orders that forced employees back to work and got the trains moving again

Centre has directed states to focus towards creating quality jobs while ensuring creation of employment data, integration of unorganised sector worker data with e-Shram portal, timely and regular submission of employment returns and job fair details and undertaking a consultative approach to framing rules across four Labour Codes. The directive was issued by Shobha Karandlaje, minister of state for labour and employment during her regional meeting with top government officials of Karnataka, Tamil Nadu, Telangana, Kerala, Puducherry, and Andaman & Nicobar Islands in Bengaluru on Friday. The ministry of labour and employment plans to hold five more such regional meetings with states over the next month, aimed at greater participation of states in boosting employment generation under the three employment-linked incentive schemes and to fast-track labour reforms.

Treasuries are poised for their longest monthly winning streak in three years as traders look past US data on personal income and expenditure due Friday and prepare for the Federal Reserve to start cutting interest rates.

₹10.4 lakh to ₹13 lakh. This trend would have likely continued in assessment year 2024-25. As for GST, the GST Council’s decision in August 2023 that online gaming companies will have to pay 28% GST, up from 18%, led to a jump in revenues.

Defence Minister Rajnath Singh on Friday stated that the Indian economy has now improved to 'Fabulous Five' from the 'Fragile Five' before 2014. The minister also added that the Indian economy is one of the fastest-growing large economies now. Speaking at the 'Manorama News Conclave 2024' in Thiruvananthapuram, the minister said, «India's economy has undergone unprecedented changes. Before 2014, India's economy was among the 'Fragile Five'. Today it is being recognised all over the world as one of the 'Fabulous Five'. The Indian economy has become one of the fastest-growing large economies today». The minister also added that the government has taken various steps to improve the ease of doing business in the country, he added that because of the efforts by the government now the process to get environment clearance has reduced to less than 75 days from 600 days earlier.

India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand, Chairman G. Krishnakumar told shareholders. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5% and 7-8% in the 'foreseeable future', he said. «This presents a strategic opportunity to expand refining capacity alongside the development of integrated petrochemical complexes,» Krishnakumar said.

Bondada Engineering, which listed on the BSE SME in August 2023, will start trading ex-split from the upcoming Monday. The company had announced a stock split earlier in July, in a ratio of 1:5, and set September 2 as the record date for this purpose. This means that today is the last day to buy shares of the company to be eligible for the stock split.

In an interview with ETMarkets, Somaiyaa said: “FII outflows might occur due to the negative outlook on US equities, and some market downside is expected. But with a lag, as currency dynamics shift, we should see significant FII inflows” Edited excerpts:

Official data on Friday will likely show growth moderated last quarter from near-8% pace previously, largely due to a slowdown in government spending before the elections. Recent indicators show consumer sentiment is waning and rural spending still hasn’t recovered to pre-Covid levels. A looming slowdown in the global economy is another major risk to the outlook. Goldman Sachs Group Inc. has already trimmed India’s growth forecast for the current calendar year by 20 basis points to 6.7%, while Bloomberg Economics lowered its projection for the fiscal year through March 2025 to 6.8% from 7.2%.

Mint. Interestingly, the compensation of women independent directors has doubled in these five fiscal years, while their male counterparts have seen a 1.7x increase in the same timeframe.

₹3.5 lakh per year, and that too from non-IIT and non-NIT engineering colleges, according to an internal email sent to its employees that Mint has seen. Wipro resumes campus hiring in a fortnight’s time, the email mentioned. Starting salaries for employees from the Wipro’s ‘elite’ list of colleges have remained unchanged for at least a decade, the person cited above said.

Ministry of Communications has said that any order for temporary suspension of telecom services should clearly state the reasons and define the geographical area where it will be implemented and the duration should not exceed 15 days. Under the draft rules for temporary suspension of telecommunications services under the Telecommunications Act 2023 notified late Thursday, the order will only address the specific reason for which it has been issued. Additionally, a copy of the suspension order should be forwarded to the concerned review committee within a period of 24 hours from the issuance of such order.

Chattanooga State Community College in Tennessee is under lockdown following a Tiger Alert. The situation is ongoing, with emergency responders actively managing the situation. Here’s what we know so far.

Outer Banks Season 4 will split its ten episodes across October and November 2024. The first five episodes will drop on October 10th, 2024, with the second half following on November 7th, 2024. This strategic release plan is set to keep the suspense and excitement alive among viewers, extending the adventure over two months, as mentioned in a report by What’s On Netflix.

Russia conducted a heavy aerial attack on Ukraine for the third time in four days Thursday, again launching missiles and scores of drones that mostly were intercepted, Ukraine's air force said. Russian forces fired five missiles and 74 Shahed drones at Ukrainian targets, an air force statement said. Air defenses stopped two missiles and 60 drones, and 14 other drones presumably fell before reaching their target, it said. Authorities in the capital, Kyiv, said debris of destroyed drones fell in three districts of the city, causing minor damage to civilian infrastructure but no injuries. Russia's relentless and unnerving long-range strikes on civilian areas have been a feature of the war since it invaded its neighbor in February 2022.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Kamala Harris has gained momentum after the DNC, while Trump is actively campaigning in key swing states. Ten weeks remain until November 5th, the election day. Vice President Harris is riding high on the energy and enthusiasm from last week's Democratic National Convention, the former president Trump is working at breakneck speed to slow her progress. This week, Trump will be running for office in three of the seven battleground states from coast to coast that will probably decide the outcome of the 2024 presidential election: Michigan, Pennsylvania, and Wisconsin. JD Vance of Ohio, his running mate, visits all three of the so-called ‘Blue Wall’ states. As part of his counterprogramming, Trump made stops in five important swing states during the Democratic convention last week in Chicago, and Vance also made rounds of the campaign trail. This week, the vice president and her running mate, Minnesota Gov. Tim Walz, begin a two-day bus tour in Georgia, a vital battleground in the Southeast. Until Election Day, the campaign trail is expected to remain gridlocked until further notice. Also Read: Steve Harvey biopic: Who will play the character of the comedian? All about it