FIVE Financial News
07.06 / 15:37
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Paris Olympics organizers unveil a display of the five Olympic rings mounted on the Eiffel Tower
Paris Olympics organizers on Friday unveiled a display of the five Olympic rings mounted on the Eiffel Tower as the French capital marks 50 days until the start of the Summer Games. The structure of rings, made of recycled French steel, was displayed on the south side of the 135-year-old landmark in central Paris, overlooking the Seine River. Each ring is 9 meters (30 feet) in diameter.
07.06 / 13:03
markets
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information
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Bajaj Finance rallies 5% after NBFC floats subsidiary's IPO plans to raise ₹3,000 crore; Should you buy or sell?
Bajaj Finance rallied over five per cent on Friday, June 7, after the non-banking financial company (NBFC) approved the initial public offering (IPO) of its wholly-owned subsidiary Bajaj Housing Finance. The NBFC will offload shares of its housing finance arm, for ₹3,000 crore in the upcoming public issue.“This is to inform you that the Board of Directors of the company at its meeting held today.
07.06 / 12:11
Provident
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Death
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Financial
Does your family know about your financial investments?
Step 1:To start the process of transmission, the first step is to detail all the investments made by the deceased. For this, the process becomes very simple if you have a ready list. Otherwise, the survivors must have access to the deceased’s email address or phone number.
07.06 / 11:59
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What are the biggest challenges for UHNWIs and how can multi-family offices help?
Ultra-high-net-worth individuals and their families are facing some big challenges and many are seeking the counsel of multi-family offices to help them navigate uncharted waters.
07.06 / 11:42
markets
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Metro
Apartment stocks topping most other REITs sectors as tough housing market spurs demand for rentals
Stocks in companies that own apartment buildings are holding up better than most other real estate investment trusts, as a tough U.S. housing market keeps demand for rental housing healthy and tenant turnover low
07.06 / 11:41
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Trade
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Destinations
China's exports grow 7.6% in May, beating expectations despite trade tensions
China’s exports for May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations, according to customs data released Friday
07.06 / 11:41
07.06 / 10:31
markets
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Cycling
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Rate Cut
Can a single rate cut make waves in Canada’s housing market? What to know
The Bank of Canada’s first interest rate cut in over four years on Wednesday will have a “psychological” impact on the Canadian housing market, but will likely not be enough to meaningfully improve affordability, experts say.
07.06 / 10:19
Citi
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Water situation grim in Marathwada; storage level in 5 out of 11 major dams reaches zero pc
water left in five out of 11 major reservoirs in Maharashtra's Marathwada region, while the Jayakwadi dam, the biggest of them, currently holds only four per cent of its total storage capacity, officials said on Friday.
07.06 / 07:17
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Chirag Paswan elected as LJP (Ram Vilas) Parliamentary Party leader
Chirag Paswan was elected as the LJP (Ram Vilas) Parliamentary Party leader after a meeting held at his residence here in Delhi on Friday.
07.06 / 07:17
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Lok Sabha Elections: 68% of candidates in Jammu & Kashmir polled fewer than NOTA votes
candidates in the fray on Jammu and Kashmir's five Lok Sabha seats polled fewer than None Of The Above (NOTA) votes, according to Election Commission data.Cumulately, 34,788 voters pressed the NOTA button in the five seats, showing their rejection of the candidates fielded by parties.
07.06 / 06:47
Citi
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Investigations
Pune car crash case: Accused teen's father, grandfather among five booked in abetment of suicide case
Pune Police have booked the father and grandfather of a teenager involved in the Pune May 19 car accident case, in a separate case of abetment of suicide of a local businessman's son, officials said on Friday.
07.06 / 05:47
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Lok Sabha Election Results 2024: Not just Faizabad, BJP lost 5 of 9 Lok Sabha seats in Ayodhya region. Details here
defeated Bharatiya Janata Party (BJP) Member of Parliament (MP) Lallu Singh in Faizabad in the Lok Sabha elections 2024 results announced on June 4. Singh won the seat in the 2014 and 2019 elections. Temple city Ayodhya – where the Ram Temple is situated – falls under Faizabad seat, one of the 80 Lok Sabha seats of Uttar Pradesh.The BJP not only lost from Faizabad but faced defeats in five of the nine seats in the Ayodhya region of Uttar Pradesh.
07.06 / 05:47
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TDP leader Chandrababu Naidu's wife earns ₹579 crore in five days from this FMCG stock
Stock market news: The recent uptrend in Heritage Foods shares, which have been on the rise for the past five days, is one of the significant developments on Dalal Street. Despite the stock market crash following the disappointing Lok Sabha Election results on Tuesday, the FMCG stock remained resilient.
07.06 / 05:11
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Valuations & earnings will take precedence soon says Feroze Azeez of Anand Rathi Wealth
stock market has been quite volatile following the poll verdict. Many investors are panicking and unsure about their investments. ETMarkets spoke to Feroze Azeez, Deputy CEO, Anand Rathi Wealth Ltd to understand more about how long-term investors should go ahead from now on and whether the current market correction is a matter of concern. Excerpts: What’syour advice for long-term investors at this juncture? The market's reaction has been quite volatile due to the exit polls. From a trader's perspective, it's been a seesaw. For investors, it’s important to remember that markets typically fall 10% from the peak twice a year. The recent market drop is within this range, so it’s not catastrophic. The good news is that a 20-25% correction isn't expected, unlike major events like the COVID-19 fall. Despite today's volatility, long-term growth prospects remain strong, with expected returns of 11-12% per year over the next five years. Should investors book profits now, especially in small, mid, and large caps? The domestic momentum of inflow is not coming just out of sentiment, it is coming out of education. In 2013, SEBI started investor education, a lot of money is being spent on this. So, this 20,000 crore SIP is not subject to this kind of a small dampening in sentiment, so that is great news. So, will I book profits as an investor? The answer is no. Because if the market goes down 5%, 7%, 10%, it is sure to come back. But if it goes up, it is not sure to come down because the gravity of the market is upwards unlike the earth where the gravity is downwards, I will not bet against the gravity for sure. And the momentum of domestic institutional buying will continue as long as the SIP continues. See, what has happened over
07.06 / 04:43
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Updates
PSU stocks frenzy: Madhu Kela comfortable in buying PSU banks, but wary of ‘unsustainable valuations’ in THESE firms
Read RBI Monetary Policy LIVE Updates hereHe is of the view that it was not a case of a basket buying or selling entirely PSU stocks, noting that some PSU Finance companies have become more expensive than HDFC Bank and Axis Bank.However, the veteran investor believes some of the PSU banks are still trading at comfortable levels and there may be buying opportunities for the long term. According to Kela, the balance sheets of state-run lenders have improved significantly.
07.06 / 04:43
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International
Rate Cut
Gold price jumps as weak US job data fuels US Fed rate cut buzz. Should you buy?
Gold rate today: After disappointing US job data and the buzz about the US Fed rate cut, the gold price today witnessed bulls' support during early morning deals. The gold futures contract on the Multi Commodity Exchange (MCX) for August 2024 expiry opened upside at ₹73,237 per 10 gm and touched an intraday high of ₹73,378 per 10 gm.
07.06 / 03:31
markets
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trends
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Stocks to buy or sell: Gulf Oil to Aegis Logistics — Sumeet Bagadia recommends five breakout stocks today
Stocks to buy or sell: The Indian stock market, which experienced a significant downturn on Tuesday, has shown resilience by bouncing back in the last two consecutive sessions. The Nifty 50 index surged by 201 points, closing at 22,821, while the BSE Sensex skyrocketed by 692 points, concluding at 75,074.
07.06 / 00:41
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country
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International
CPPIB, Cube in last lap for NIIF's Athaang road assets
NEW DELHI : Canada Pension Plan Investment Board (CPPIB) and Cube Highways are in the final fray for the road assets of National Investment and Infrastructure Fund’s Athaang Infrastructure, two people aware of the matter said. The two entities are expected to submit their binding bids shortly. JP Morgan is running the transaction, which is expected to have an equity value of around ₹4,000 crore.
06.06 / 20:31
06.06 / 18:07
markets
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Investigations
Rahul demands JPC on stock market 'Scam'
Congress leader Rahul Gandhi on Thursday demanded a Joint Parliamentary Committee (JPC) probe into major stock market boom on the eve of election results and the massive crash on day of election results on June 4, leading to lakhs of people losing their money.
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