FIVE Financial News

Prime Minister Narendra Modi-led government will return to power in Lok Sabha Elections 2024.The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA), has already crossed the numbers required for forming the government in the first five phases of the general elections, Shah said. “We are somewhere between 300 and 310…this is minus the last phase…We are in a comfortable position. This time, we went to the people with 10 years of track record and 25 years of a powerfully positive agenda," Shah told Indian Express in an interview.

The rising cost of education is a big worry for today’s young  parents. The best option thus is to plan and accumulate an adequate corpus to meet this expense. Here is a step-by-step guide for creating your child’s higher education corpus.

Real estate developer Sameera Group has earmarked ₹500 crore as investments over the next five years to set up 1,000 senior living homes across South India, the company said. For developing the senior living homes, city-based Sameera Group has signed a memorandum of understanding with Vedaanta Senior Living that aims to create high-quality senior living communities, a company release said on Sunday. «This strategic partnership brings together Sameera Group's extensive experience in land development and Vedaanta's deep understanding of the senior care industry,» the release said.

NTPC Ltd has written to the power ministry proposing pooling of its «entire capacity» for sale of power to distribution companies, according to people aware of the development. If approved, the proposed move could ease supply and operations as the company would be able to sell power to a discom from any station and not restrict it to stage-wise units, people familiar with the matter said. The power purchase agreements (PPAs) with some discoms are signed in stages of commissioning and each stage is a separate entity for tariff and scheduling purposes.

Final data across five phases of Lok Sabha elections indicates that 3-4 states have pulled down overall voter turnout, with Uttar Pradesh, Bihar, Gujarat and Rajasthan leading the tally. Maharashtra has also reported lower turnout across several seats, but has made up on others, as per full data released by the Election Commission of India on Saturday. Overall, many more Lok Sabha seats have witnessed lower turnout in comparison to 2019. «We are disappointed with the turnout in UP, Bihar and Maharashtra. We expected them to do much better and that has affected overall turnout. Deeper examination of the reasons will be done to understand this dip,» a senior ECI official told ET.

India has the potential to generate around 750 GW of power from solar sources, according to government data. While the country has doubled its solar power installed capacity rapidly to 81.8GW from 40.1GW in FY21, it has only utilised 11% of its potential. However, new schemes targeted at rooftop solar can help ramp up faster. ET takes a look 1)India has a solar power potential of nearly 750 GW

election enters the last phase, the BJP leadership is going all out on a damage-control mission to avert possible setback in Bihar due to a caste imbalance in its support. There are eight parliament seats going for polls in the last phase in Bihar in the Magadh-Shahabad region.In 2019, NDA had won all eight with BJP winning five and ally JDU winning three. During the 2020 assembly elections, though, the RJD-led Grand Alliance performed better than NDA in this region. Now, in 2024, there is little change in the political equation and the ground situation. However, a clear division on caste lines is shaping up with the Kushwaha community, which used to be a strong support base of JDU leader and Bihar CM Nitish Kumar, drifting away from NDA.

Also Read: 'Came to know through news, friend': Fathers of two babies killed in Delhi hospital fire share their plightSpeaking to ANI, Chaudhary said that the hospital had installed over 10 beds when it had permission only for five beds, and 12 newborns were admitted at the time of incident.Further, Delhi Police also said that the doctors at the facility were not qualified to treat a newborn child in need of Neo-Natal Incentive care, as they were BAMS degree holders only."There were no fire extinguishers installed in the hospital in case of eruption of fire. There is no emergency exit in the hospital in case of any emergency," ANI quoted Delhi police as saying.Meanwhile, police have arrested hospital owner Naveen Khichi, and Dr Akash who was on duty.According to reports, in 2021, Khichi was booked for alleged mistreatment of a newborn during treatment, and at that time, it was discovered that the hospital was not registered under the Delhi Nursing Home Act.Meanwhile, Delhi government has orders Magisterial Enquiry into the Vivek Vihar New Born Baby Care Hospital Fire incidentAdditional Chief Secretary, Revenue and and Divisional Commissioner DDMA, Ashwani Kumar directed Shahadra District Magistrate and District Disaster Management Authority will inquire about the fire tragedy.Also Read | Delhi hospital fire: Owner of New Born Baby Care has history of criminal negligence, says reportEarlier in the day, Atul Garg, Director of the Delhi Fire Department said that there were some oxygen cylinders, because of which the blast took place.While six babies were declared brought dead, one died during treatment.

Also Read: UK polls: Rishi Sunak announces proposal of new National Service model for 18-year-oldsHowever, he added that the new estimated death toll was ‘not solid’ because it was based on the average size of the region's families per household.The UN agency's representative said that there are an estimated 150-plus houses now buried.

₹1,150; General-EWS/OBC(NCL) ₹600 and for SC/ST/PwD/Third Gender candidates ₹325. All categories must pay the examination fee before the last day of fee payment i.e.

seven rescued babies died in the fire incident at the Baby Care New Born Hospital on Saturday night around 11.30 pm, five are undergoing treatment.The hospital is owned by Dr Naveen Khichi who is absconding since the incident, and he is believed to have fled to Jaipur.Also Read: Delhi hospital fire: 7 newborns die of suffocation, PM announces ex gratia of ₹2 lakhAccording to India Today, in 2021, Khichi was booked for alleged mistreatment of a newborn during treatment at the children's hospital.He had also reportedly threatened the couple from Uttar Pradesh's Hathras when they went to him after the hand of their baby was fractured during treatment and procured CCTV footage showing a nurse beating the newborn.In 2021, it was discovered that the hospital was not registered under the Delhi Nursing Home Act.

Shiv Sena (UBT) leader Sanjay Raut on Sunday claimed that Prime Minister Narendra Modi, Union Minister Amit Shah and Maharashtra Deputy Chief Minister Devendra Fadnavis worked for Nitin Gadkari's defeat in the Lok Sabha elections. Raut's claim has drawn sharp reactions from the BJP and Congress' candidate from Nagpur. Raut alleged that Fadnavis had unwillingly campaigned for Gadkari, who contested from the Nagpur Lok Sabha seat, when he realised the Union minister couldn't be defeated. Nagpur is the hometown of both BJP leaders.

U.N. migration agency estimated on Sunday as rescue efforts continued. Media in the South Pacific nation north of Australia had previously estimated Friday's landslide had buried more than 300 people. The International Organization for Migration (IOM) said earlier on Sunday that only five bodies had been retrieved from the rubble.

₹6 per share in both 2022 and 2023.Also read: Market capitalization of 9 of top-10 most valued firms jump ₹1.85 lakh crore; Reliance and HDFC top gainersMM Forgings is a significant exporter of forgings in India, positioning itself as a comprehensive provider of closed die forgings for both domestic and international markets, according to its website.The company operates 10 plants with a combined capacity of 1.1 lakh metric tonnes.Brokerage firm Anand Rathi has given a ‘buy’ rating to the MM Forgings stock, with a target price of ₹1,200.For the quarter ending December 31, 2023, the company reported a consolidated total income of ₹404.15 crore, which is a 0.85 per cent increase from the previous quarter's total income of ₹400.73 crore and a 7.41 per cent increase compared to the same quarter last year's total income of ₹376.27 crore. The company also reported a net profit after tax of ₹33.54 crore for the latest quarter.Also read: FPO lock-in expiry: Vodafone Idea share price to gain focus on Monday as anchor investors' 30-day lock-in period endsShares of MM Forgings declined by 1 per cent on Friday but have gained 15.5 per cent year-to-date in 2024.

NCPCR has deployed a team to probe into the fire incident at a private children's hospital in east Delhi's Vivek Vihar that left seven newborns dead. The blaze broke out at the Baby Care New Born Hospital around 11:30 pm on Saturday and soon spread to two adjacent buildings. Twelve newborns were rescued from the facility but seven of them died. Five babies are undergoing treatment at another hospital. In a post on X, National Commission for Protection of Child Rights Chairperson (NCPCR) Priyank Kanoongo said the commission has taken cognisance of the fire incident and the newborns' deaths.

₹1,85,320.49 crore in market valuation, with Reliance Industries Ltd and HDFC Bank leading the surge, reflecting a broader rally in equities.The BSE benchmark soared by 1,404.45 points, or 1.89%, and the 30-share BSE Sensex reached an all-time intraday high of 75,636.50 on Friday.Among the top-10 most-valued companies, only ITC lagged behind.Also read: Week Ahead: Q4 Results, F&O expiry, Lok Sabha elections, global cues among key market triggers this weekReliance Industries' market valuation increased by ₹61,398.65 crore, reaching ₹20,02,509.35 crore. HDFC Bank saw a rise of ₹38,966.07 crore, bringing its valuation to ₹11,53,129.36 crore.

(This story originally appeared in on May 26, 2024)

Manishi Raychaudhuri, Veteran Investor In Asian Equities, says for global investors’ focus to come back sustainably in emerging markets, the rate narrative and the US dollar narrative has to change. Till then, we would possibly see this three steps forward and two steps back as far as the FII flows into India and other Asian markets are concerned. There are enough opportunities in India in sectors like capital goods, industrials and power which hitherto had not performed and some FIIsfund managers have moved into midcaps and even smallcap spaces. There was a weakish patch barely a week or 10 days ago when the market corrected from 23,000 to 21,800 odd. At that time, a narrative got built that China and Hong Kong markets have started to look very attractive versus India, so some money went there. But right now, we are back at life highs. Can India afford to do well despite some flows going to China? Manishi Raychaudhuri: I would think so.

fire broke out at a residential building in Krishna Nagar area of east Delhi early Sunday, officials of the Delhi Fire Services said. «We received a call of fire at 2.35 am from Krishna Nagar. The fire was doused at 7.20 am. Total five fire tenders were rushed to the spot,» Delhi Fire Services (DFS) chief Atul Garg said.

fire broke out at a building in Delhi's Krishna Nagar at around 2 am on Sunday, May 26. Seven people were rescued safely by the DFS unit.All three injured persons have been shifted to a nearby hospital for treatment, according to a report published by newswire ANI.This is the second fire accident in Delhi since Saturday night. Yesterday, a massive fire broke out at a children's hospital in Delhi's Vivek Vihar area that claimed seven newborn babies's lives and injured five other kids.

Delhi's Vivek Vihar area on Saturday night, said officials as quoted by newswire ANI.The official stated that at least 12 newborn babies were rescued from the fire, of which six died, one is on ventilator, and the remaining five kids have been admitted to hospital for treatment.At 11:32 p.m., the fire services received a call regarding the incident. Nine fire tenders immediately rushed to the spot.“A fire call from Baby Care Centre, near ITI, Block B of Vivek Vihar area was received. A total of nine fire tenders were dispatched," said Delhi Fire Services (DFS) chief Atul Garg as quoted by newswire PTI.The cause of the fire incident is yet to be ascertained.The incident comes on a day at least 27 persons were killed in Gujarat's Rajkot city when a massive fire swept through a crowded game zone and the building collapsed.