FIVE Financial News

26.06 / 17:39
FIVE security Mobile 2020 Courts Investigations NIA special court convicts two over conspiracy to unleash terrorist attacks in India
NIA) on Wednesday secured the conviction and sentencing of two members of the proscribed Bangladeshi terror outfit, Ansal-al-lslam, over a conspiracy to unleash terrorist attacks in India. They have been identified as Bangladeshi nationals, Mahmud Hassan @ Shariful Hassan and Mohamad Sayad Hussain @ Mohamad Sa'ad Hussain @ Sohan Molla @ Shihab Hossain. The NIA Special Court, Aizawl, Mizoram, has sentenced both to Imprisonment of five years each, along with fine of Rs 10,000 or one month in default, after finding them quilty under various provisions of IPC, Foreigners Act and UA(P) Act.
26.06 / 17:39
markets UPS Citi FIVE Strategy International Paradigm Realty inks pact to redevelop 11 societies on 5 acres in Mumbai’s Bandra, Kandivali
Paradigm Realty has entered into agreements to redevelop 11 housing societies spread across land parcels of more than five acres in Mumbai’s western suburb of Bandra and Kandivali. The project has gross consolidated revenue potential of around Rs 4,500 crore. These projects in Bandra’s Pali Hill and Carter Road areas, and Kandivali’s Mahavir Nagar, are estimated to have development potential of over 2.8 million sq ft. The projects in Pali Hill and Carter Road are spread over around half an acre each with development potential of 1.5 lakh sq ft and 1.6 lakh sq ft and estimated revenue of Rs 500 crore, respectively. The Mahavir Nagar project has a development potential of over 2.5 million sq ft of which the free-sale RERA carpet area of up to 1 million sq ft holds a gross development value of nearly Rs 3,500 crore.
26.06 / 16:07
UPS Provident FIVE economy Experts Chevrolet diving Don't want a hybrid? Edmunds picks SUVs that will still save you money at the pump
When you’re shopping for a new SUV that will save you money on gas, a hybrid or a plug-in hybrid is the way to go — unless you don’t want to go that way
26.06 / 16:07
FIVE wellness Trade Universities Judge puts $30 billion Visa, Mastercard settlement on hold; likely sign of rejection
A federal judge said she’s not likely to approve the $30 billion settlement between the payment processing giants Visa and Mastercard and the merchants who say they’ve overpaid on swipe fees
26.06 / 15:45
COST UPS Citi FIVE reports With changing interest rates comes the age-old question: is it better to rent or to buy?
In a recent survey, Royal LePage found that 29 per cent of renters had contemplated buying a property before renewing or signing a lease. And thirty-three per cent of these would-be buyers said they were waiting for interest rates to decline. Now that theBank of Canada (BoC) has lowered its key rate to 4.75 per cent, it seems a good time to revisit the age-old question of whether it’s better to rent or to buy. The Financial Post’s Shantaé Campbell weighs the options in this evolving economic terrain.
26.06 / 15:45
FIVE CEO trends Interviews CPPIB CEO sees ‘no safe harbour’ across global asset classes
The head of the Canada Pension Plan Investment Board said he doesn’t see an asset class worldwide that’s totally free of risk for investors like his organization.
26.06 / 14:55
Target FIVE Manufacturing social MEIL bags ₹12,800 cr tender from NPCIL for construction of two electrical reactors
Bharat Heavy Electricals Ltd (Bhel) and Larsen & Toubro."MEIL emerged as the lowest bidder, demonstrating its exceptional technical capabilities and cost-efficiency by submitting the lowest bid of ₹12,799.92 crore," the statement said.Ch Subbaiah, director, MEIL said, "This contract represents the most significant project for MEIL and our strategic entry into the nuclear energy sector." MEIL has its presence in a number of sectors including hydrocarbons, electric buses, defence, telecom, power, transport, manufacturing, general and social infrastructure, irrigation, and drinking water.It also has a global presence and in September last year it bagged a deal to construct a crude oil refinery plant valued at $648 million from Mongol Refinery State Owned LLC.MEIL's foray into the nuclear power space comes at a time when the Union government is looking at increasing India's nuclear power capacity in line with the ambitious target to install 500 GW non-fossil fuel capacity by 2030.On Tuesday, Union minister Jitendra Singh said that India’s nuclear power generation capacity is likely to increase by 70% in the next five years.
26.06 / 12:53
FIVE Action Food film social stars Videos Kangana Ranaut and Chirag Paswan's video from Parliament goes viral
18th Lok Sabha is currently underway. The session, which began on June 24 and will conclude on July 3, is already seeing a lot of action between the opposition and treasury benches. Amid all the tense moments, a video of Kangana Ranaut and Chirag Paswan is going viral on social media. The actor-turned-MPs met outside Parliament today ahead of the Speaker's selection. The two young netas greeted each other with a 'low five'.
26.06 / 12:53
markets FIVE Parke President Features International cricket Radisson Hotel Group adds 10 new hotels to its pipeline in South Asia
Radisson Hotel Group announced the signing of 10 new hotels on Wednesday. The company said the signings materialised over the past four days, and are spread across brands, including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The Group also entered five new markets and will be the first to open internationally branded hotels in Jawai (Rajasthan), Sagar (Madhya Pradesh), Yavatmal (Maharashtra), Ooty (Tamil Nadu) and Calicut (Kerala). The chain also signed Radisson Blu Hotel, Nathdwara Stadium, Rajasthan, featuring 234 rooms. This hotel is India's first Cricket Stadium Hotel, with 75% of its rooms offering views of the main cricket field. There are two signings under its Radisson brand — Radisson Sagar and Radisson Mohali. The chain has also signed Park Inn & Suites by Radisson, Calicut.
26.06 / 12:05
UPS FIVE Remark Trade reports Destinations Raymond stock crosses ₹3,000 mark as gains extend for 4th straight day, up 618% in 3 years
₹3,000 mark for the first time in today's intraday trade to hit another fresh all-time high of ₹3,030 apiece by gaining 9%. Remarkably, the stock achieved this milestone in just 10 weeks after crossing the ₹2000 mark.The rally in the stock has been fueled by a significant spike in delivery volumes over the last four sessions, averaging 200,000 shares compared to a typical 40,000.This surge in delivery volumes was attributed to several key factors: growth in the real estate business, prospects of the textile sector PLI scheme, expansion in their ethnic wear segment—a rapidly growing brand for the company—and improvements in the balance sheet.Also Read: Amara Raja stock gains 108% in CY24 so far; what lies ahead?Meanwhile, today's surge in shares has propelled them to achieve a 251% gain over the past two years and an impressive 618% increase in just three years.During FY24, Raymond Group sold its FMCG business and has now identified the core three businesses of lifestyle, real estate, and engineering as future growth pillars.The company aims for rapid expansion of its ethnic wear brand 'Ethnix by Raymond', with plans to open 100 stores in FY25 following the launch of 53 stores in FY24, bringing the total count to 114.
26.06 / 10:31
UPS FIVE Waters Platform Assurant social Relationships Social media addiction is about pleasures of the hunt
Vivek Murthy, surgeon general of the United States, recently proposed that all social media platforms should carry a warning that it could harm the mental health of teenagers. A similar proposal by the surgeon general that all cigarette packages carry a warning that smoking “may be hazardous to your health" is what kickstarted efforts to tackle this addiction. Will the surgeon general’s warning about social media addiction bear fruit? The biggest problem with social media is that it is anything but social.
26.06 / 10:31
FIVE Booking Manufacturing Remark Trade performer country Multibagger: Lumax Auto stock grows 230% in 2 years, 400% in 5 years; is it still a ‘buy’?
Lumax Auto being a notable performer. The company's shares have been on a consistent winning streak, concluding the last 17 months with impressive gains.Also Read: Amara Raja shares gain 108% in CY24 so far; what lies ahead for this battery stock?From their January 2023 trading price of ₹224 apiece, they have surged by a remarkable 147% to trade at the current price of ₹554 apiece.
26.06 / 09:15
markets FIVE Trade Experts performer recommendations ₹1.50 to ₹354: Penny stock turns multibagger in five years. ₹1 lakh turns to ₹2.36 crore
Multibagger stock: Hazoor Multi Projects shares are one of the multibagger stocks that the Indian stock market has delivered in the recent years. Once a penny stock, this multibagger stock has ascended from around ₹1.50 per share to ₹354 apiece, logging around 23,800 percent rally in five years.
26.06 / 08:43
markets Citi FIVE Analysis Sustainability performer Prince Pipes stock gains over 7% as Nuvama reiterates ‘buy' call, says company positioned for strong growth
₹830, implying an upside of almost 24 percent.The positive outlook is driven by India's recovering real estate sector and robust infrastructure developments, which are boosting demand for plastic pipes. Nuvama's recent note highlights that channel checks indicate continued strong demand in both the infrastructure projects and plumbing sectors.
26.06 / 08:43
UPS Provident FIVE Trade International India should treat e-commerce exports as a national imperative
₹1,000-2,000 to complete the RBI-mandated EDPMS closure, incurring a net loss. Other challenges include: a) customs clearance taking 1-6 days compared to under 24 hours in China; b) a consignment limit of $12,000 versus China’s $50,000; and c) having to write off international customer returns, which account for 15-25% of sales. To enhance India’s export competitiveness, the government must prioritize e-commerce exports as a key element of its 100-day agenda.
26.06 / 08:27
markets FIVE President exclusive Features International cricket Radisson Hotel Group announces signing of 10 new hotels in South Asia
Radisson Hotel Group announced that it has signed 10 new hotels in just four days. These signings, it added, are across brands, including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The Group also entered five new markets and will be the first to open internationally branded hotels in Jawai (Rajasthan), Sagar (Madhya Pradesh), Yavatmal (Maharashtra), Ooty (Tamil Nadu) and Calicut (Kerala).
26.06 / 08:27
markets FIVE President country reports Asbestos-based roofing players’ PBIT margins likely at 8-9% in FY25 and FY26, margins to slide in FY22-24 on Russia-Ukraine conflict, supply chain disruptions
The asbestos-based roofing players are expected to record PBIT margins at around 8- 9 per cent in FY2025 and FY2026, an improvement of 100-200 bps, stated a report by ICRA. This, it added, will be backed by estimated steady growth in volumes and marginal improvement in realisations. The asbestos fibre prices increased at a CAGR of 9.6 per cent during the FY2018- FY2024 period compared to the modest rise in realisations at a CAGR of 3.1 per cent during the same period, thereby impacting the profitability of the companies.
26.06 / 06:29
UPS Target FIVE economy Election show shock What Indian industry wants from Modi's budget after poll setback
budget in mid-July after a shock election outcome in which Modi failed to win a majority and has returned to power with the help of allies. The budget, Modi's first major policy announcement in his third term, is expected to lay out possible changes to India's economic priorities for the next five years, the tenure of the coalition government. Indian Finance Minister Nirmala Sitharaman is considering lowering personal tax rates for certain categories of individuals while sticking to the nation's fiscal deficit target for the year, government sources have said.
26.06 / 06:29
FIVE security track country reports peace International Taiwan reports large Chinese incursion as tensions escalate
Taipei: Taiwan, on Wednesday, reported that a total of 18 China's People's Liberation Army (PLA) aircraft and 6 People's Liberation Army Navy (PLAN) vessels were detected operating around Taiwan as of 6 am (local time), Taiwan News reported. According to the Ministry of National Defence, of the 18 People's Liberation Army (PLA) aircraft, five crossed the Taiwan Strait median line in the northern, southwestern, and eastern sectors of the country's air defence identification zone (ADIZ). In response, Taiwan sent aircraft and naval ships and deployed coastal-based missile systems to monitor PLA activity, as per Taiwan News.
26.06 / 04:13
FIVE security Strategy Remark stage bowling T20 WC semis: Red-hot India seek revenge against defending champions England
ICC T20 World Cup at Guyana on Thursday. The last time these two nations faced off in a Men's T20 World Cup semi-final was just 19 months ago in Adelaide, when a remarkable opening partnership between Jos Buttler and Alex Hales saw England cruise to 10 wicket win that forced a complete rethink in India's T20 strategy and move away from more established superstars to younger blood, from conservatism to aggression. This time around, though, India has more batting firepower led by experienced campaigners skipper Rohit Sharma and Virat Kohli, more attacking options through the middle overs, and more variation in their attack, but the defending champions will take some beating, especially with skipper Jos Buttler and his new opening partner Phil Salt both in blistering form.

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