FIVE Financial News
18.07 / 14:41
18.07 / 14:18
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Smartphone market in India eke out mere 1% growth in Q2: Canalys
Canalys' latest research shows that the Indian smartphone market grew by just 1% in Q2 2024, reaching a total of 36.4 million units shipped. Inventory levels remained high, with some vendors launching new devices in higher price segments, while others focused on reducing existing stocks ahead of the festival season.
18.07 / 13:29
markets
Citi
Target
FIVE
Strategy
pandemic
stage
Motilal Oswal Alternates invests ₹190 crore from its new real estate fund
₹190 crore, two company executives told Mint. The company has committed ₹100 crore to Chennai-based Radiance Realty Developers India Ltd, and another ₹90 crore to Pune-based Mantra Properties and Developers Pvt. Ltd, for their respective residential projects.
18.07 / 12:53
UPS
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track
Chandigarh-Dibrugarh Express derails in Gonda, Railways examines track sabotage angle
Gonda (Uttar Pradesh) on Thursday afternoon leading to multiple passenger deaths and injuries. Trains on the Lucknow-Gonda-Gorakhpur route had to be rerouted or cancelled after the incident. This is the second major train accident in less than two months on the Indian Railways network. Officials aware of the development said the Indian Railways is examining possibility of track sabotage as the train driver is said to have heard an explosion before the derailment. At least two casualties and up to seven injuries were officially confirmed by the Indian Railways till 5:30 PM. The accident had occurred at 2:37 PM.
18.07 / 12:47
Blockchain
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Provident
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Legal
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Judge Reduces Sentencing for Ethereum Developer Virgil Griffith by Seven Months
A judge has ordered a reduction of seven months in the sentencing of Ethereum developer Virgil Griffith.
18.07 / 09:57
18.07 / 07:27
FIVE
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Wipro has bred many CEOs who have left to build organisations: Premji
Wipro’s leadership level, company’s chairman Rishad A. Premji, said the IT major has bred several CEOs that have gone out to build organisations, and it prides itself for being an entrepreneurial company. Speaking to shareholders in the virtual meeting, Premji said, “We pride ourselves that we have been an entrepreneurial company through our history. We have bred many many CEOs who have gone out to build organisations. The reality is sometimes people have opportunities that give them a bigger leap in their career, so people leave for those opportunities.”
18.07 / 06:57
markets
FIVE
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Sustainability
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Market not ready for a higher tax rate but will take extension of duration in its stride: Nilesh Shah, Envision Capital
Nilesh Shah, MD & CEO, Envision Capital, says the first budget of any government's five-year term is the most important. So, to that extent, this Budget is going to be important from a couple of perspectives. One is essentially the agenda and the vision for the next five years. Second, whether the Budget continue to demonstrate continuity in terms of what it has been doing in the past, in terms of the focus being more on investment-led growth with some support coming from consumption. This is the first Budget from Modi 3.0. Could it appear in a new avatar because normally the first Budget of a new government is about fixing the short term, mending the medium term, and kickstarting the long-term? What could be the playbook for this year's Budget? Nilesh Shah: It has several kinds of implications and it is going to be probably the most important document in recent times because this Budget is probably going to unveil more like the vision for the next five years in terms of what direction India and the Indian economy take. It will surely have several measures that will not just sustain but also boost growth. We are an economy growing at 7- 8% and we need to sustain that growth rate and maybe higher for the next 5, 10, 15, 20 years. This Budget is going to be keenly watched from the medium to long-term perspective and will probably unveil several growth-boosting measures.
18.07 / 04:02
markets
COST
FIVE
Digital
Booking
Extreme
country
etmarkets
ETMarkets Smart Talk: Fiscal deficit above 6% could result in a kneejerk reaction on markets but devil lies in the detail: Sachin Shah
Sachin Shah, Executive Director & Fund Manager, Emkay Investment Managers Limited. In an interview with ETMarkets, Shah said: “But as I said, the more important thing is the devil is in the details. How are you going to manage your fiscal deficit? Is it at the cost of capital expenditure?,” Edited excerpts:
17.07 / 22:51
17.07 / 22:32
17.07 / 22:29
markets
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Wave of mortgage renewals drives owners to list homes, analysts say
With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in more than a decade and signaling a big drop in prices in the coming months.
17.07 / 19:23
FIVE
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National Hot Dog Day: Great deals, offers from outlets like Dog Haus, Shake Shack & more
Hot Dog Day; in 2024, it falls on July 17. This day celebrates the traditional American hot dog, a favorite dish at fairs and summer picnics. For the occasion, many restaurants are giving special discounts and deals, so hot dog lovers have a fantastic chance to indulge in their favorite pleasure.
17.07 / 15:31
UPS
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President
Labrador
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Department
Under Trudeau, the civil service has grown twice as fast as Canada’s population
data just published by the federal Treasury Board. On March 31, 2015, the last full fiscal year that the Harper Conservatives were in power, the civil service population was 257,034.
17.07 / 14:24
FIVE
Ball
Trade
Golf
performer
classical
testing
The 146-year-old British open venue that drives the world’s best players nuts
The last British Open at Royal Troon Golf Club in 2016 went down as one of the greatest duels in professional golf history. Henrik Stenson and Phil Mickelson put together two of the finest performances ever witnessed at a major, trading brilliant shots that cut through the blustery winds on the coast of Scotland. When Stenson finally pulled out the victory with four birdies in the final five holes, leaving him at an Open-record 20-under par and three strokes clear of the American, it might have seemed like the world’s best golfers had made easy work of an iconic course that dates back to the 19th century.
17.07 / 14:17
markets
UPS
Waves
FIVE
Extreme
economy
Cycling
David Rosenberg: Sorry folks, bear markets, bubbles and recessions are not things of the past
Every mania and bubble share differences and similarities, but the current wave of artificial-intelligence optimism looks a lot like what we experienced with the internet euphoria in the late 1990s.
17.07 / 14:16
UPS
FIVE
Citizens
security
Southern
track
rights
Snowbirds paying $15,000 a year in investment fees worry about growing their nest egg
Married couple David* and Felicia are 64 and 54, respectively, newly retired and seem at first glance to have enough to maintain their desired lifestyle, but they have concerns about growing their nest egg, saving on taxes and getting a different perspective.
17.07 / 11:06
UPS
FIVE
Netflix
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Netflix's efforts to grow ad tier in focus as subscriber growth slows
Netflix likely added the fewest number of subscribers in five quarters during April-June as sharp gains following a crackdown on password sharing ebbed and viewer attention moved to summer sporting events including the Euro soccer tournament. The company added an estimated 4.82 million subscribers in the second quarter, according to LSEG data. That would be the lowest additions since the first quarter of 2023 and about half the 9.3 million it added in the previous three months.
17.07 / 07:34
17.07 / 06:55
UPS
Target
FIVE
Sustainability
country
social
information
Budget 2024: Five interventions we need to speed up formal and non-farm jobs
₹45 trillion (if fiscal deficits could make countries rich, then no country would be poor), reversing the shift from revenue spending to capital expenditure (improving productivity requires allocating even more than last year’s high of ₹10 trillion), or crowding out defence and police spending (about ₹8 trillion) with welfarism. The next budget should pray to the one god of formal non-farm jobs with five non-fiscal interventions that will raise the productivity of formal, non-farm employers.
17.07 / 05:22
FIVE
Career
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pandemic
Department
rights
HSBC appoints Georges Elhedery as group CEO starting Sept. 2
HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2.
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