FIVE Financial News
23.05 / 15:21
markets
Target
FIVE
Mobile
Research
country
reports
Poco plans to sell 10 million smartphones in 2 years, aims to be among top-5 brands from third year
Poco plans to sell 10 million mobile phones in two years and aims to be among top-five players from the third year onwards, a senior official of the company said on Thursday. Poco recently pipped OnePlus to capture seventh spot in overall smartphone category with 5.9 per cent market share and sixth position among Android smartphone brands, as per market research firm IDC. «We have very ambitious target for the next two years and we want to get into the 'big boys club', which means we want to hit 10 million-mark in sales and then challenging the top five brands in the next 2-3 year,» Poco India country head Himanshu Tandon said on the sidelines of Poco F6 smartphone launch event. As per IDC, Poco shipments in India grew by about 72 per cent year on year.
23.05 / 13:59
FIVE
Volkswagen
security
Mobile
rave
testing
Bengaluru rave party: 86 test positive for drugs, cops seize MDMA, cocaine, ganja
Rampant fakes of lifesaving drugs found in Delhi, JharkhandThe police have also seized six grams of hydro cannabis, five grams of cocaine, hydro ganja, 14.40 grams of MDMA pills and 1.16 grams of MDMA crystals, ₹500 denomination note coated with cocaine, five mobile phones, and two vehicles – a Volkswagen and a Land Rover. Police have also seized DJ equipment including sound and lighting systems, reports mentioned.Earlier, a drug trafficker was arrested and narcotics worth over ₹one crore was seized in a joint operation conducted by Tripura Police and C-Company of the 42nd Battalion of the Border Security Force (BSF) on Thursday, BSF said.Also Read | Thane news: At least 95 detained after raid at rave party, drugs seizedThe Amtali Police in Tripura apprehended the drug trafficker after receiving a tip-off about a drug operation.
23.05 / 12:59
markets
Provident
FIVE
CEO
security
Strategy
performer
Technology-enabled professional services firm Sikich Secures $250 Million minority growth investment from Bain Capital
Sikich maintains majority control of the company and its existing executive and leadership teams, led by Christopher Geier (Chief Executive Officer). Founded in 1982, Sikich has been on a path of rapid growth under the leadership of Geier, who assumed the CEO role in 2017. During this time, Sikich has grown revenue by nearly 300% and expanded its geographic reach, now serving clients in all major U.S. markets and around the world with nearly 2,000 employees.
23.05 / 12:47
FIVE
performer
hospital
information
donates
evacuation
'My husband's eyes were bleeding': Jaipur woman recalls J&K terror attack, seeks PM Modi's help for treatment
injured in a firing by terrorists at Pahalgam in Anantnag district on May 18."My husband and I had gone to Kashmir on May 13...On May 18...when we reached our hotel...we were shot at. My son was afraid. When I ran to protect my child, I got shot at...Later, I saw my husband; his eyes were bleeding, and my shoulder was bleeding," Farha told the news agency ANI.She further informed that, "We were taken to the general ward of a hospital, we got wound dressing done...they tried to stop the bleeding but were unsuccessful...we were then taken to the army force.
23.05 / 12:47
FIVE
Manufacturing
Sustainability
Remark
Trade
electronic
Multibagger Stock: HBL Power Systems shares soared 1254% in 3 years, jumped over 5360% in a decade
HBL Power Systems, a prominent player in the battery and power systems sector, has emerged as a lucrative investment avenue in recent years, exhibiting sustained upward momentum in its share prices without significant pullbacks.Over the past twelve months alone, its shares have skyrocketed from ₹109 per share to the current trading price of ₹538.55 per share, translating to a remarkable gain of 394%. Long-term investors have witnessed even more impressive returns, with the stock delivering staggering gains of 1254% over the last three years and an astonishing 2143% over the past five years.In the span of a decade, the stock has witnessed an extraordinary surge of 5367%.Also Read: Responsive Industries shares jumped over 145% in 14 months; should you buy?Notably, the stock has consistently delivered positive returns on an annual basis, recording significant gains of 160%, 53%, 67%, and 312% in CY20, CY21, CY22, and CY23, respectively.In the current year, the stock has sustained its upward trajectory, registering a 24% increase from ₹437.90 to its current level.
23.05 / 11:29
FIVE
Fighting
Election
HANS
President
country
Lok Sabha Elections 2024: All set for pitched capital battle as 7 Delhi seats vote in phase 6 this weekend
Lok Sabha Elections 2024 on May 25.The contest in the national capital has become interesting as it is a direct fight between the Bharatiya Janata Party (BJP) and INDIA bloc parties – the Congress and the Aam Aadmi Party (AAP).The Arvind Kejriwal-led AAP is contesting four seats while the Congress has fielded candidates in three seats as per the seat-sharing agreement. The BJP, which won all 7 seats of Delhi in 2014 and 2019 Lok Sabha elections, has dropped all but one Members of Parliament (MP) for the 2024 elections.All seven seats witnessed high-octane campaigns, rallies and roadshows by leaders of all political parties.
23.05 / 11:09
markets
UPS
FIVE
Landmark
Broadridge
trends
show
Rise of online brokerages a trend to watch, says Broadridge
Contrary to popular belief, the market for self-directed investing isn’t all about the young and not-yet-rich, according to a new study from Broadridge.
23.05 / 10:49
23.05 / 09:27
markets
UPS
FIVE
Election
Trade
Record high! These 5 heavyweights contributed over 50% to Sensex's 1,115-point run today
₹2.11 lakh crore dividend from the Reserve Bank of India, announced yesterday, is anticipated to aid the government in managing the fiscal deficit. This a surprise for the market as the market was projecting a 1 lakh crore dividend.Furthermore, investors have now become more optimistic about a decisive victory for the BJP in the ongoing general elections.
23.05 / 09:19
UPS
FIVE
show
travelers
BJP has already crossed 310-mark, Congress struggling to get 40: Amit Shah in UP's Siddharthnagar
Amit Shah on Thursday claimed that in the first five rounds of polling, «BJP has crossed 310» and that Congress Party is «not even getting 40 seats» this time. «INDI alliance has been wiped out in the first five phases. I am telling you, this time Congress is not even getting 40 seats and Akhilesh Yadav will not even get four seats,» said Shah addressing a poll meeting in Siddharthnagar in support of Domariyaganj BJP candidate Jagdambika Pal. He said that the PoK (Pakistan-occupied Kashmir) is a part of INDIA and the BJP will take it back. «Leaders of Pakistan say that PoK is theirs. Congress leaders also say that they (Pakistan) have an atom bomb. BJP people are not scared of atom bombs. PoK is and will remain part of India and we will take it back,» he said.
23.05 / 08:35
markets
COST
FIVE
Citizens
Enterprise
cover
India insured by 2047: Insurance companies must be profitable to achieve this
In synchrony with the broader national intent of India becoming a developed nation, the Insurance Regulatory and Development Authority of India (IRDA) has embraced the laudable goal of “India Insured by 2047." The objective is to ensure that “every citizen has appropriate life, health and property cover and every enterprise is supported by an appropriate solution" and to make India’s insurance sector “globally competitive," as elaborated in a press release. Enthusiasm within the IRDA is palpable. Coordinated attempts are afoot to usher in regulatory changes and push insurance companies to reach out wider, especially to the rural uninsured, and diversify their product baskets to make insurance more accessible, affordable and relatable.
23.05 / 08:33
UPS
FIVE
WhatsApp
Matrix
Trade
information
F&O stocks: L&T, Coforge among 5 stocks with long buildup
Open interest indicates that bulls are likely to dominate the following counters. In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.
23.05 / 08:33
UPS
FIVE
SUN
Matrix
Trade
information
F&O stocks: Sun Pharma, Vedanta among 5 stocks with short buildup
trading session, the following five stocks witnessed a build of fresh short positions. Let’s first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.
23.05 / 07:17
markets
Target
FIVE
Software
MSCI
stage
inclusion
India Playbook 2024: Aiming for a trillion dollars in forex reserves by 2029
India's economic trajectory over the next five years positions it as a prime target for global investments. This outlook is driven by a stable macroeconomic environment, robust earnings growth among Indian corporations, and increasing weightage in the MSCI Emerging Markets (EM) index. The inclusion of Indian debt in prominent Emerging Market Bond indices further enhances the attractiveness of India's investment landscape. With software services and remittances significantly contributing to foreign exchange (forex) inflows, India's forex reserves have reached unprecedented levels, setting the stage for ambitious future targets. Capital Account Inflows and Remittances:
23.05 / 07:17
UPS
Target
FIVE
Election
performer
Interviews
Communal & polarising or labarathi & Viksit Bharat? PM Modi breaks down ideas behind 2014, 2019 and 2024 campaigns
Opposition parties have been critical, of course, about the Bharatiya Janata Party and Prime Minister Narendra Modi for the recent electoral discourse, which they say is 'communal and polarising'. Yet, India’s top leader remains unfettered. The BJP stalwart believes he is merely showing the INDIA bloc a mirror. In an interview with The Economic Times, PM Modi spurned the allegations of the 2024 Lok Sabha campaign turning communal, polarising. «Perhaps, you find it polarising because you have not examined the crux of the matter. What is truly communal and polarising is the Congress party’s manifesto, their issues and their intent. It is my duty to expose them. Just because I am exposing them, you think it is polarising,» Modi said.
23.05 / 06:39
FIVE
Reuters
Election
Opinion
country
reports
UK General Elections 2024: Why has Prime Minister Rishi Sunak called for July 4 polls — explained
UK General Elections 2024: United Kingdom's Prime Minister Rishi Sunak called a snap general election on July 4. In a statement from Downing Street on May 22, Sunak said he spoke to King Charles earlier that day to request the dissolution of Parliament for a general election.
23.05 / 03:45
markets
UPS
FIVE
Compilation
Strategy
Trade
information
High-speed traders pile into big short on volatility in India
Jane Street Group, many trading firms are employing a relatively simple strategy: short volatility. The trade, or variations of it, revolves around a bet that Indian stock indices will move within relatively small ranges, according to five participants familiar with the strategy, who asked not to be identified discussing private information. Significant amounts of capital are deployed to scale the derivatives bets in the world’s largest market by number of options contracts traded, the people said.
23.05 / 03:45
Waves
FIVE
Extreme
hospital
isolate
Department
Heat wave: IMD issues red alert for 5 states including Delhi NCR as temperature breaches 48 degrees
severe heat wave is expected to persist across the plains of northwest India, including north Madhya Pradesh and Gujarat, over the next five days, according to India Metrological Department. West Rajasthan is experiencing the most intense heat wave conditions, with east Rajasthan, Gujarat, and west Madhya Pradesh also significantly impacted. Haryana, West Uttar Pradesh, Punjab, and Himachal Pradesh are also facing concerning heat wave conditions. Gujarat has been under heat wave conditions since May 15th, with Saurashtra and Kutch following on the 16th, and Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh, and Rajasthan since May 17th. Nighttime temperatures remain high in parts of Rajasthan, with daytime highs ranging from 44-48°C in many areas of Rajasthan, and slightly lower in Haryana, Madhya Pradesh, and Gujarat, according to IMD. Some places in West Uttar Pradesh, Punjab, Odisha, and interior Maharashtra are experiencing temperatures between 40-44°C. These temperatures are 2-4°C above normal in Punjab, Saurashtra, Kutch, Haryana, and isolated areas of Uttar Pradesh, Rajasthan, and Gujarat. A further increase of 2-3°C is anticipated in central India and Maharashtra over the next five days.
23.05 / 02:47
markets
UPS
FIVE
MSCI
Trade
President
patient
Asia stocks weaken on the patient approach to rate cuts
monetary easing amid sticky inflation. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia's S&P/ASX 200 index was one of the biggest decliners, slumping 0.8%, also hurt by a pullback in some commodity prices.
23.05 / 01:51
markets
FIVE
CEO
Inside
Schools
Relationships
International
Wipro CEO banks on internal talent, promotes veterans
leadership who have been with Wipro for many years and as measure to stem the exit of internal talent which had plagued the company during previous CEO Theirry Delaporte's tenure, new CEO Srini Pallia has promoted at least five Wipro insiders, including three veterans, in the last one and half month. Days after Pallia took charge of the top office, Wipro appointed Malay Joshi, a Wipro veteran for 28 years, as CEO of Americas 1, the company's largest market. Early this month, Wipro appointed Hari Shetty, a Wipro veteran for 31 years, as chief strategist and sales excellence officer of the company.
23.05 / 01:37
markets
UPS
FIVE
Opinion
country
GenAI may help Indian workers save 51 million hours a week by 2026: Pearson study
Generative artificial intelligence (GenAI) has the potential to help Indian workers save 51 million hours a week by 2026, a study by learning company Pearson has said. Generative AI can boost workplace productivity by helping workers deal with their routine and repetitive tasks that often take up their day and lead to burnout, according to the latest instalment of Pearson’s Skills Outlook series, ‘Reclaim the Clock: How Generative AI Can Power People at Work’.
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