FIVE Financial News

15.08 / 19:20
Citi FIVE Football Trade show Arsenal Is the Man City era ending? Guardiola’s historic reign faces uncertain future after fourth consecutive title
Pep Guardiola stands alone. Only one manager who has won the Premier League still plies his trade in it and it is Manchester City’s serial champion. Last season rendered Guardiola a history-maker in a new respect, the first manager to win four consecutive English titles. With Klopp gone, in a sense, he has eliminated the opposition. In another, he remains a marked man Guardiola’s capacity to create teams that can win both week in, week out and year in, year out adds to City’s powers of intimidation. They have a proven ability to reel off 12 or 15 straight victories. They could become the first English club to register five straight league titles, feats that have occurred in the recent past in France, Italy and Germany, but never here. Klopp’s resignation removed one rival. Arsenal have got ever closer but the season probably starts with the expectation that it will end with City celebrating again.
15.08 / 19:12
Provident FIVE WhatsApp testing cricket Ricky Ponting thinks this English batsman could surpass Sachin Tendulkar as Test cricket's highest run-scorer
Ricky Ponting reckoned that Joe Root could surpass batting legend Sachin Tendulkar's tally of runs in Test cricket, provided the England batting mainstay stays 'hungry' and keeps scoring at a consistent rate for the next four years. Root became only the seventh batter in the history of the conventional format to cross the 12,000-run mark — a feat he achieved recently during the Edgbaston Test against the West Indies. With 12,027 runs in 143 Tests at 50.11 with 32 centuries and 63 fifties so far, Root is also overall the seventh highest run-scorer in Tests and could overtake Sri Lanka's Kumar Sangakkara (12,400 runs) and his former teammate Alastair Cook (12,472) soon. Tendulkar leads the table with 15921 runs from 200 Tests.
15.08 / 18:38
Dogecoin markets FIVE Platform Shiba Inu Bitcoin Doge performer DogWifHat Sinks 8% – Can It Survive as New “Crypto All Stars” Rival Takes Off
In the last 24 hours, popular Solana meme coin DogWifHat ($WIF) has fallen 8% down to $1.54 amidst a wider crypto market rout that has seen Bitcoin ($BTC) prices plummet 4% down to its current level of $58,515.
15.08 / 18:28
FIVE Analysis Southern Research show country Survey shows disaster-prone Southeast Asia is also best prepared, suggesting lessons can be learned
Southeast Asia is among the regions most prone to natural disasters, but a new analysis shows its people also feel the best equipped to deal with them
15.08 / 18:11
markets Citi FIVE wellness trends CIBC reports The chance to make Toronto a global banking hub is being squandered
Reports that Canadian Imperial Bank of Commerce is on an artificial intelligence hiring spree, seeking to fill 200 well-paying positions , is a hopeful signal that the job-cutting trend at Canadian banks is slowing. For much of 2023, they were “restructuring.” Toronto-Dominion Bank planned to reduce its workforce by three per cent, as did Bank of Nova Scotia. CIBC said it would trim its full-time workforce by five per cent. Royal Bank of Canada job cuts were about half that and over at Bank of Montreal, three per cent of its capital markets workforce was let go last summer.
15.08 / 18:01
FIVE Assurant economy Election country India's Modi voices concern over unrest in neighboring Bangladesh and attacks on Hindus there
Indian Prime Minister Narendra Modi has expressed concern over the unrest that led to a change of government in neighboring Bangladesh and the attacks on Hindus and other minorities there
15.08 / 17:36
COST FIVE Analysis economy Opinion track rights Bank of Canada rate cut gives indebted Canadians reason to hope, poll finds
More debt-burdened Canadians think better days could be just around the corner after an interest rate cut and promising data boosted their outlook for the economy, a long-running survey of consumers suggests.
15.08 / 15:57
markets FIVE Hyundai DNA classical 2020 Mahindra expects Thar to displace the Scorpio as its flagship brand
Thar Roxx-- its midsize SUV offering launched on Thursday, and its existing two-door variant to become its largest selling flagship brand in volume terms, displacing the Scorpio brand, said Rajesh Jejurikar, executive director for auto and farm equiment sectors, M&M With Roxx priced from Rs12.99 lakh Rs20.49 lakh (ex-showroom) and pitted against the Hyundai Creta, Suzuki Grand Vitara, Kia Seltos, Mahindra is eyeing a leadership position in the midsize-SUV segment (priced over Rs12.5 lakh) over the next three to five years. While the Scorpio-N and Scorpio Classic, which are averaging 12000 to 14000 units a month, will continue to be significant for the company, “the Thar has the potential to be a mega brand,” Jejurikar told ET.
15.08 / 15:44
markets UPS FIVE Strategy economy wellness International 'Let's go for growth': India's Cyril Amarchand Mangaldas, on track to become 2,000-lawyer firm, says 'no' to foreign alliances and mergers
Cyril Amarchand Mangaldas has been dominating legal industry headlines. Last month, the firm hired a team of more than 50 capital markets lawyers led by nine partners from smaller rival practice IndusLaw, depleting the latter firm’s capital markets offering entirely. Over the past two weeks, it has continued to aggressively hire partners laterally from competitors such as Luthra and Luthra Law Offices, Trilegal and S&R Associates. More hires will be made shortly, CAM managing partner Cyril Shroff told Law.com International, adding that new partners would be brought in to the firm’s banking and finance, private equity and corporate practices.
15.08 / 11:12
markets COST UPS FIVE wellness performer ‘Discipline is in order’: Caisse de dépôt braces for volatility after posting 4.2% return in first half
The Caisse de dépôt et placement du Québec posted a 4.2 per cent return on its investments for the first half of this year, driven mainly by good performance in tech stocks and solid returns from its infrastructure portfolio, but coming in below its overall benchmark.
15.08 / 09:20
UPS Provident Target FIVE Cooper country International Aiming to achieve net zero emission in railways by 2030: PM Modi
Addressing the nation from the ramparts of the Red Fort on the 78th Independence Day, he highlighted his government's efforts towards environment protection in various fields with a focus on rail operations. «We are aiming to achieve net zero emission by 2030 in Railways,» said the prime minister.
15.08 / 09:16
FIVE Progressive Manufacturing Platform WhatsApp country India gradually emerging as global hub in defence manufacturing, says PM Modi in his Independence Day speech
Aatmanirbharta' (self-reliance) in defence and gradually emerging as a global manufacturing hub of military equipment due to measures taken by the government in the last few years, Prime Minister Narendra Modi said on Thursday. In his Independence Day speech from the ramparts of the Red Fort, Modi said there was a time when the majority of the defence budget was used to procure military hardware from abroad, but his government focused on indigenous defence production. «We are becoming self-reliant in the defence sector. Today, we have our own identity in defence manufacturing. India is emerging as a defence manufacturing hub,» he said. The prime minister complimented the defence ministry and the armed forces for taking a series of decisions, including the notification of a number of positive indigenisation lists under which over thousands of items are being procured from the Indian industry in line with designated timelines. According to the defence ministry, a total of 5,600 items have been identified for domestic manufacturing.
15.08 / 05:16
FIVE Analysis Southern Research show country Survey shows disaster-prone Southeast Asia is also best prepared, suggesting lessons can be learned
Southeast Asia is among the regions most prone to natural disasters, but a new analysis released Thursday shows its people also feel the best equipped to deal with them. It seems logical that the countries in and around the Pacific Ring of Fire, vulnerable to earthquakes, typhoons, storm surges and other dangers, are also the best prepared, but the survey by Gallup for the Lloyd's Register Foundation shows that's not always the case in other regions. «Frequent exposure to hazard isn't the only factor that determines how prepared people feel,» Benedict Vigers, a research consultant with Gallup, told The Associated Press.
14.08 / 21:14
FIVE Booking trends President country cover travelers Weekend Break: India Inc actively push to leverage upcoming extended weekends
India Inc is actively pushing to leverage upcoming extended weekends in August and September. Such short breaks can help revitalise employees and boost their productivity, executives say. Executives at travel companies like Thomas Cook, SOTC, and StayVista told ET that working professionals including CXOs are making a beeline to avail quick and snappy breaks during this period. Even companies, at their end, are encouraging their staff to take these microbreaks and return rejuvenated as it increases productivity, executives said.
14.08 / 17:01
UPS FIVE Trade Features Croma Independence Sale: Deals and offers on smartphones, kitchen appliances, TVs and more
₹24,999. Shoppers can enjoy discounts of up to 70% on select smart LED TVs, with an additional exchange bonus of up to ₹5,000 when trading in old TVs.Highlights of the sale include the LG 55" OLED TV, available for as low as ₹2,999 per month, and the Samsung 55" Neo QLED TV, starting at ₹2,990 per month, along with up to ₹9,000 cashback.
14.08 / 15:56
UPS Target FIVE Align guidelines Cong MLAs seek revamp of guarantees citing setback in LS polls, fate of YSR Congress in Andhra
Congress party’s guarantee schemes to make them more targeted and eliminate the creamy layer. The state government may consider the demand after taking up a survey across the state to hear the feedback from beneficiaries, according to sources. Two senior ministers had talks with the AICC leaders in Delhi on Tuesday and argued for the need for tweaking some of the programmes, while conveying similar sentiments from the ruling party MLAs. They urged the AICC leadership to discuss with chief minister Siddaramaiah and deputy CM DK Shivakumar and align the programme to access only the low-income group families. The concerns of some MLAs stem from the fact that the availability of funds to take up development work in their constituencies has become scarce as the government has committed upwards of Rs 52,000 crore to fund the five guarantee programmes in the fiscal year 2024-25.
14.08 / 15:11
FIVE Election Bill FirstEnergy 2020 Investigations Scandals Utility will pay $20 million to avoid prosecution in Ohio bribery scheme
The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal
14.08 / 13:05
FIVE security Justice isolate Courts rights Delhi HC Judge recuses from hearing plea moved by conman Sukesh Chandrashekhar
Delhi High Court's Justice Subramonium Prasad on Wednesday recused himself from hearing the plea filed by alleged conman Sukesh Chandrasekhar, seeking additional meetings in jail with his lawyers. The recusal was due to the multiple legal cases against Chandrasekhar, which could potentially present a conflict of interest or require a different judicial perspective. Sukesh Chandrashekhar through a plea requested permission to increase his meetings with his legal counsel to five times a week. This request sought an additional three meetings beyond the two meetings per week currently allowed. To support his request, Chandrashekar referred to the Arvind Kejriwal case where he was granted five weekly meetings with his council.
14.08 / 12:03
FIVE WhatsApp President reports Will look into complaints about IT and GST payers availing benefits under ''guarantees," says DK Shivakumar
Shivakumar on Wednesday said the government will look into complaints against those who pay Goods and Services Tax and income tax but still avail benefits under the 'guarantee schemes' launched by the Congress government. He also asserted that there was no question of altering or scrapping the guarantee schemes. «As the Congress state president, I am saying that Chief Minister Siddaramaiah has said that there is no question of altering or scrapping the guarantee schemes for any reason,» Shivakumar told reporters. «There are complaints that some people who have more income are availing this benefit. We will review that. That's it. There are complaints that those who are paying income tax and GST are availing it,» he maintained.
14.08 / 10:57
FIVE WhatsApp Updates Finance Ministry says UIDAI does not need to pay income tax
finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28. Accordingly, grants/subsidies received from the central government; fees/ subscriptions, including RTI fee, tender fee, sale of scrap, PVC card; authentication, enrolment and updation service charges received; term/fixed deposits; and interest on bank deposits earned by UIDAI would be exempt from income tax. A notification to this effect was issued by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance. «This notification shall be applicable for assessment year 2024-2025, 2025-2026, 2026-2027, 2027-2028 and 2028-2029,» it added.
14.08 / 10:52
Citi FIVE security voice testing recommendations rights Investor Education and Protection Fund Authority draws plans to expedite investor claim settlements
Investor Education and Protection Fund Authority (IEPFA) will hold outreach programmes in five key cities, introduce a new five-digit code for calls and tweak rules to expedite claim settlements, a senior official told ET. Other planned measures include a revamped interactive voice response system (IVRS) and a call centre. Securities, dividends and debentures that remain unclaimed for more than seven years are transferred by companies to the IEPFA under the corporate affairs ministry. The authority then oversees claim settlements, with the companies playing a key part in verification and other processes.

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