FIVE Financial News
28.05 / 22:11
Citi
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Fox
security
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reports
Who will be Los Angeles Lakers head coach?
Los Angeles Lakers are without a head-coach after La Lakers sacked David Ham. This came after LeBron James's impeccable success and Anthony Davis' heroics couldn't take NBA's most decorated team to conference finals. Now, there are reports that JJ Redick may become the head coach. Other names that have been doing the rounds are — Kenny Atkinson, David Adelman, Micah Nori, Chris Quinn, Tyronn Lue, Sam Cassell, and James Borrego, as per a report on Fox News.
28.05 / 20:09
FIVE
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Research
shock
Courts
Bankman-Fried FTX lieutenant gets 7.5 years in prison, longer than what prosecution asked for
The former chief executive of FTX’s Bahamas subsidiary was ordered to spend 7.5 years in prison, the first of Sam Bankman-Fried’s close associates to be sentenced in the wake of the cryptocurrency exchange’s implosion.
28.05 / 19:51
FIVE
WhatsApp
Opera
Oscar
reports
Features
International
'Hollyoaks': How to watch the epic soap opera for free?
Hollyoaks was not a 'one-hit wonder' when it was first aired in October 1995. It was here to stay and rule the British soap opera circuit, which it has successfully managed to do for almost three decades now. Channel 4 began airing the episodes since its inception and has been continuing to do so, and the response and craze around this soap opera never seems to die down among UK viewers.
28.05 / 17:51
COST
FIVE
show
travelers
Oil rises over $1 after US dollar weakens to 1-week low, OPEC+ likely to hold supply cuts; Brent hits $84/bbl
₹6,639 per barrel on the multi-commodity exchange (MCX).-OPEC+ members will decide its next output supply policy on June 2 in a virtual meeting. Traders and analysts are predicting 2.2 million barrels per day of voluntary production cuts to stay in place.
28.05 / 16:49
COST
UPS
Provident
Target
FIVE
Booking
Cosmos to meet RBI’s target for small sized loans at 50% loan book this year
Cosmos Bank is looking to meet the Reserve Bank of India’s target of maintaining 50 percent of its loan portfolio comprising ticket size less than Rs one crore this fiscal. “ We are looking at meeting the RBI’s target of 50 percent of the banks loans portfolio at less than the ticket size of Rs one crore ib FY’2024-25” said Milind kale, the bank’ chairman of Cosmos Bank at a media conference in Mumbai adding that it would use its network of 179 branches to achieve this target. Currently 43 percent of the bank’s loan book comprises loans below Rs 1 crore, Mr Kale said.
28.05 / 16:25
FIVE
Fox
Airlines
Boeing
travelers
Department
International
American Airlines passengers in Miami stuck on sweltering Boeing plane: travelers
American Airlines passengers say they were stuck on a hot Boeing jet that was suffering electrical problems in Miami before switching to another plane Thursday. (Credit: Terri and Bobbie Barbour)
28.05 / 15:53
FIVE
CEO
Adventure
diving
OceanGate 2.0? US billionaire plans $20 million expedition to wreckage of Titanic ship
Triton 4000/2 Abyssal Explorer is a vessel worth $20 million designed by Patrick Lahey. Conner claimed that the two-person submersible can make repeated voyages in the deep ocean. "Patrick has been thinking about and designing this for over a decade.
28.05 / 15:13
Citi
FIVE
reports
Courts
Swati Maliwal assault case: Bibhav Kumar sent to three-day police custody
Kumar’s bail plea was dismissed by a sessions court, which said there appeared no "pre-meditation" by Maliwal in lodging the FIR and that her allegations could not be "swiped away".Following the rejection of the bail plea, the Aam Aadmi Party (AAP) said Bibhav Kumar will move the Delhi High Court against city court's decision. During the hearing on Monday, Swati Maliwal, who was presented during the hearing, opposed the bail plea saying she was receiving threats.
28.05 / 12:41
UPS
Waves
FIVE
Waters
country
Heatwave: IMD issues two-day ‘Red Alert’ for 6 northern states; monsoon to hit Kerala in 3-4 days — details here
ALSO READ: IMD issues red alert for Arunachal, CM requests people to be cautiousSome relief from the scorching heat is expected after three days due to a western disturbance, it added.IMD Scientist Dr Naresh Kumar said: “It is now the second week since the heat wave to severe heat wave persisted in North-West India. The temperature exceeded 47 degrees Celsius. We had issued a Red Alert.
28.05 / 12:31
COST
FIVE
Progressive
Analysis
Southern
Trade
country
Joe Oliver: The Trudeau Liberals have eroded all five pillars of prosperity
Canada’s standard of living is in decline, both in absolute terms and compared to our southern neighbour and other wealthy countries. A Fraser Institute analysis shows that real GDP per capita was lower during the pre-recession period 2016-19 than in any similar period since 1985. As of the last quarter of 2023 it was below its value for 2019:Q2. It’s no surprise that 44 per cent of Canadians now say money is their leading source of stress.
28.05 / 09:31
markets
FIVE
Trade
Experts
recommendations
₹15 to ₹375: Ashish Kacholia-owned multibagger chemical stock Fineotex Chemical rises 2400% in four years
Multibagger stock: Fineotex Chemical's share price has been on an uptrend for more than a year. In the last 14 months, this Ashish Kacholia-owned chemical stock has risen from around ₹220 to ₹375 apiece, recording over a 70 percent rise. However, this is not the end of the story.
28.05 / 09:31
FIVE
CEO
exclusive
hospital
International
Modenik Lifestyle names LV Vaidyanathan, former CEO and MD of P&G India, as executive chairman
Apollo Hospitals' arm to raise ₹2,475 crore from Advent InternationalModenik Lifestyle is the merged entity of Advent International's portfolio companies Dixcy Textiles Pvt Ltd and Gokaldas Intimatewear Pvt Ltd, the parent firm of the Enamor brand. The company is headquartered in Bengaluru.Advent International acquired a 60% stake in Dixcy Textiles in 2017, and bought the remaining 40% in 2019.
28.05 / 08:37
FIVE
SEC
reports
Schools
Colleges
Sporting
athletics
Big Ten and SEC are again the top conferences in revenue with athlete pay plan on horizon
The Big Ten held a narrow edge over the Southeastern Conference in revenue for the second straight year and the Atlantic Coast Conference again ranked a distant third among the major conferences
28.05 / 07:01
COST
Provident
FIVE
Cooper
electronic
strain
Financial
Impact of personal loans on financial planning: Here are the pros and cons
Personal loans can be both beneficial and detrimental to financial planning. Let's go more into both the positive and negative aspects.
28.05 / 06:47
28.05 / 06:47
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Rajkot fire: Gujarat police arrest another TRP gaming zone partner, owner laughed in court & more | Top 10 Updates
TRP game zone, where a tragic fire last week killed 27 people, an official told PTI on May 28.Dhaval Thakkar, the proprietor of Dhaval Corporation, which operated the TRP game zone alongside five partners of Raceway Enterprises, was apprehended in Abu Road, Rajasthan.
28.05 / 05:29
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Fire tragedy: One more partner of Rajkot game zone arrested
Gujarat police have arrested one more partner of the Rajkot-based TRP game zone where a devastating fire last week killed 27 persons, an official said on Tuesday. Dhaval Thakkar, the proprietor of Dhaval Corporation, which ran the TRP game zone along with five partners of Raceway Enterprises, was arrested from Abu Road in neighbouring Rajasthan, Banaskantha Superintendent of Police Akshayraj Makwana said. With this, four persons have so far been arrested in connection with the fire incident at the game zone on Saturday. «Thakkar was arrested from Abu Road in a joint operation carried out by the Rajkot and Banaskantha police last night,» Makwana said.
28.05 / 05:03
UPS
FIVE
Manufacturing
Trade
performer
reports
NALCO shares surge over 6% to new all-time high as net profit rises two-fold in Q4, up 118% in 6 months
NALCO, a PSU firm engaged in alumina and aluminum manufacturing and sales, soared 6.1% to reach a historic peak of ₹206.30 apiece in early morning trading today, driven by the company's robust performance for Q4 and the full fiscal year (FY24).On Monday, the company reported a 101% YoY surge in its consolidated profit to ₹996.74 crore for the March quarter, propelled by a significant drop in expenses, which declined by 14% YoY to ₹2,720 crore in Q4. This starkly contrasts with the net profit of ₹495 crore reported in the corresponding period last year.Also Read: How does the BSE 500 index offer exposure to a wide basket of stocks?For FY24, it reported a PAT of ₹1,988 crore, a 38.63% improvement compared to the previous fiscal year's PAT of ₹1,434 crore.
28.05 / 04:07
FIVE
Progressive
economy
Sustainability
Food
Cycling
reports
Rate Cut
Goldman Sachs raises India’s GDP growth forecast to 6.7% for 2024; expects RBI repo rate cut in December quarter
Also Read: India's economy likely slowed to an annual 6.7% in January-March, its weakest pace in a year, finds report"Going forward, we expect investment growth momentum to sustain with extra fiscal space for infrastructure spending given a higher than expected dividend transfer by the RBI. As a result, we recently revised our growth forecasts for CY24 slightly higher by 10 bps to 6.7% YoY," Goldman Sachs analysts Santanu Sengupta, Arjun Varma and Andrew Tilton said in a note.India’s growth momentum remains strong and they expect the core inflation will bottom out in April-June 2024 and be around 4.0% - 4.5% in H2CY24.Meanwhile, the Monetary Policy Committee (MPC) members from the RBI have sounded cautious on sticky food inflation owing to supply side disruptions due to the ongoing hot weather conditions in many parts of India.
28.05 / 02:25
UPS
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Courts
Investigations
Prime accused in Rajkot TRP game zone fire incident arrested
Gujarat): The main accused in the Rajkot TRP game zone fire incident was arrested by Banaskantha Local Crime Branch police and Rajkot Police on Sunday, said police. The accused has been identified as Dhaval Thakkar, a resident of Abu Road. He had fled after the fire broke out in the game zone, which claimed 28 lives. Earlier, three men arrested in connection with the game zone fire were sent to a 14-day police remand by a court in the Rajkot district on Monday.
28.05 / 02:07
Waves
FIVE
Man
Southern
Death
community
At least 22 dead in Memorial Day weekend storms that devastated several US states
storms swept over the central and southern U.S. over the Memorial Day holiday weekend, killing at least 22 people and leaving a wide trail of destroyed homes, businesses and power outages. The destructive storms caused deaths in Texas, Oklahoma, Arkansas and Kentucky and were just north of an oppressive, early season heat wave setting records from south Texas to Florida.
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