FIVE Financial News
27.07 / 15:35
27.07 / 12:57
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One down, seven to go: China wins first diving gold as it pursues unprecedented sweep of all eight
China won its first gold medal in diving on Saturday on the first full day of competition in the Paris Olympics, a perfect start for the team of Chang Yani and Chen Yiwen. China has ruled diving for decades, and three years ago in Tokyo, it won seven of eight gold medals. But, it's never pulled off the elusive gold sweep. That's the goal this time.
27.07 / 12:47
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"Every CM was given their due time to speak": Nirmala Sitharaman refutes Mamata Banerjee's claim
Mamata Banerjee's claim that her microphone was switched off while she was speaking at the NITI Aayog meeting and said that every chief minister was «allotted due time to speak».
27.07 / 12:38
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Dr Reddy’s Laboratories board announces 1:5 stock split
stock in the ratio of 1:5 meaning that for each stock with a face value of Rs 5, there will now be 5 shares with a face value of Re 1. “Sub-division/ split of each equity share of the Company having face value of Rs.5/- (Rupees five only) each, fully paid-up, into 5 (Five) equity shares having face value of Re.1/- (Rupee one only) each, fully paid-up, by alteration of the Capital Clause of the Memorandum of Association of the Company,” the company informed the exchanges.
27.07 / 12:25
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Activist Medha Patkar moves sessions court challenging conviction in defamation case by VK Saxena
Social activist Medha Patkar has moved sessions court to challenge the judgement in a defamation case registered against her based on a complaint lodged by VK Saxena, the lieutenant governor of Delhi.
27.07 / 12:24
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One Gaganyan astronaut to travel to ISS in joint mission with NASA, says govt
NASA has identified a private entity Axiom Space and ISRO had signed a Space Flight Agreement with the American firm for the joint mission to the International Space Station (ISS).
27.07 / 11:51
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NTPC board declares August 7 as record date for Rs 3 dividend
NTPC on Saturday declared August 7 as the record date for the purpose of determining the eligible shareholders for the final dividend of Rs 3.25 per share. “It is hereby informed that the Company has fixed Wednesday, 7th August, 2024 as Record Date for the purpose of ascertaining the entitlement of Members for the Final Dividend of Rs.3.25/- (Three Rupees twenty five paisa only) per share (on the face value of Rs. 10/- each) on the Equity Shares of the Company for the Financial Year 2023-24 as recommended by the Board of Directors of the Company in their meeting held on 24th May 2024,” said the company in a filing to the exchanges.
27.07 / 11:30
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"NITI Aayog is proposing privatisation of all public sectors": CPI General Secretary D Raja
NITI Aayog and claimed that the apex public policy think tank chaired by Prime Minister Narendra Modi has proposed the privatisation of all public sectors.
27.07 / 10:10
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TN CM M K Stalin asks if stopping Mamata Banerjee in her NITI Aayog address is 'cooperative federalism'
Tamil Nadu Chief Minister M K Stalin on Saturday condemned the Centre over his West Bengal counterpart Mamata Banerjee's claim that she was unfairly stopped midway in her speech at the NITI Aayog meeting. Stalin in a post on X asked, «Is this #CooperativeFederalism? Is this the way to treat a Chief Minister? The Union BJP government must understand that opposition parties are an integral part of our democracy and should not be treated as enemies to be silenced.
27.07 / 07:29
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2020
Mirae Asset Mutual Fund withdraws temporary suspension in large & mid cap fund
Mirae Asset Mutual Fund has announced the withdrawal of the existing temporary suspension on subscription in Mirae Asset Large and Midcap Fund. The fund will resume accepting subscriptions through Systematic Investment Plans (SIP), Systematic Transfer Plans (STP), switch-ins, and lump-sum investments.
27.07 / 05:52
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132 smallcap stocks offer double-digit weekly returns in volatile Budget week
Budget week has not sparked any significant excitement in the market as the government measures were both populist and prudent. The increase in short- and long-term capital gains taxes added to the volatility. During the week, as many as 132 smallcap stocks delivered double digit weekly returns with eight of them offering over 25% returns.
27.07 / 05:42
27.07 / 03:37
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2020
Mirae Asset Large and Midcap Fund to accept lumpsum, SIP, STP from Aug 1
lumpsum methods from August 1. Till now, the fund house had capped SIPs at Rs 25,000 per person per month and did not accept lumpsum investments for this scheme-- the largest product in this category with assets under management of Rs37,846 crore.
27.07 / 02:13
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Bitcoin Price Prediction: Robert Kennedy Jr. Advocates for US to Hold as Much BTC as Gold
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, has managed to recover and gain bullish traction above the $67,920 mark. The global crypto market cap stands at $2.39 trillion, with a 24-hour jump of 3.39%.
26.07 / 20:26
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Gap narrows between variable and fixed-rate mortgages after Bank of Canada rate cut
Following the Bank of Canada’s latest rate slash, most lenders have trimmed their variable rates by a quarter point. This means the leading variable rates are now a mere 86 basis points above the lowest fixed rates — compared to more than 150 basis points in March.
26.07 / 18:18
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chess
Google AI narrowly misses Gold in International Mathematics Competition: Report
AlphaProof, a groundbreaking AI system introduced by Google, excels in formal mathematical reasoning, reported the publication. Utilizing a blend of language models and the AlphaZero reinforcement learning algorithm—renowned for mastering chess and Go—AlphaProof trains itself to tackle complex math problems using Lean, a formal language for mathematics.
26.07 / 17:05
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Direct commerce grew to 15% of ecommerce market from 2-3% in 5 years, says Shiprocket CEO
Direct commerce as a channel for selling online in India has become 15% of the ecommerce market, Shiprocket cofounder and chief executive Saahil Goel said.
26.07 / 13:31
markets
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Investigations
Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme
A federal grand jury in California has charged activist short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme
26.07 / 13:11
26.07 / 11:00
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Dolly Khanna adds multibaggers Nile, Tina Rubber, 3 more stocks in June quarter, slashes stake in 3 smallcaps
Dolly Khanna made significant changes in her portfolio in the quarter ended June 30, 2024 where she added five smallcap counters while raising stakes in four others. She also slashed her holding in three smallcap stocks. Among the new additions were Emkay Global Financial Services (1.63%), Super Sales India (1.06%), Nile (1.10%), Tinna Rubber and Infrastructure (1.03%) and Ujjivan Small Finance Bank (1.07%). In these Emkay Global, Nile and Tina Rubber have been multibaggers, delivering returns of 120%, 177% and 349% over the last one year. Super Sales, on the other hand, has given returns of 58% in this period.
26.07 / 09:27
COST
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Food
2020
reports
Margin headwinds loom for Nestlé India after unappetizing June quarter
MUMBAI : Nestlé India Ltd’s shares have dropped by about 3% since its June quarter (Q1FY25) results were announced on Thursday. The numbers mark a substantial slowdown in growth of the packaged foods company with revenue increasing by a mere 3.3% year-on-year. This is the lowest print since the Maggi crisis in 2015 (excluding the June 2020 Covid quarter), said analysts from Kotak Institutional Equities.
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