FIVE Financial News
07.05 / 15:21
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UK court rejects Nirav Modi’s fresh bail plea due to ‘real, substantial’ flight risk
London: Fugitive businessman Nirav Modi, who has been in prison in London for over five years, on Tuesday made a new bail application which was rejected by a UK judge who ruled that he continued to pose a “substantial risk" of absconding justice. The 52-year-old diamond merchant, who lost his extradition battle to face fraud and money laundering charges in India, did not appear for the bail hearing at Westminster Magistrates Court in London but his son and two daughters were present in the gallery.
07.05 / 15:07
Provident
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Tatton IM launches three passive multi-asset funds
VT Tatton Passive Cautious, the VT Tatton Passive Balanced and the VT Tatton Passive Growth funds are risk-rated as four, five and six by Defaqto, respectively. They are meant to complement Tatton's managed portfolio service and expand on its existing Tatton Blended Funds hybrid range. CEO and CIO of Tatton Lothar Mentel said the new funds are set to «benefit our proven investment process» and provide repeatable performance «at very competitive cost». «We have designed the asset mix to complement our managed portfolio service to offer a consistent investment approach across our di...
07.05 / 13:57
Waves
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As Andhra town logs 46 degree temperature, highest in India, IMD issues fresh heatwave warning for 2 states
heat wave that has gripped South Peninsular India is expected to ease starting today, offering some relief to the region, according to India Meteorological Department. However, a new wave of scorching heat is forecasted to sweep over Rajasthan and West Madhya Pradesh from the 8th to the 10th of May this year. On Monday, isolated areas in Tamil Nadu experienced severe heat wave conditions, while pockets of Rayalaseema, interior Karnataka, and Telangana also faced intense heat. Rayalaseema region in Andhra Pradesh has been battling heat wave conditions since April 24th, with Nandyal reporting a staggering maximum temperature of 46.0°C, making it the hottest location in the country, according to IMD.
07.05 / 13:49
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Patna most vulnerable to floods in India, finds new research
Patna experiences the worst floods in India, followed by West Bengal's Murshidabad and Maharashtra's Thane, according to a district-level flood severity index (DFSI) developed by researchers at IIT-Delhi and IIT-Roorkee. The index takes into account the historical severity of floods based on the number of affected people, the spread and duration of floods.
07.05 / 13:39
07.05 / 11:57
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Six counting machines and 12 hours: ₹36.75 crore cash seized in Jharkhand's Ranchi – 10 key points
₹36 crore in Ranchi, Jharkhand, the Enforcement Directorate (ED) on Tuesday arrested Sanjiv Lal, personal secretary to state rural development minister Alamgir Alam, and Lal's maid Jahangir Alam. They were presented before the special Prevention of Money Laundering Act (PMLA) court, which remanded them to six days of ED custody. Also Read: ED arrests Jharkhand minister Alamgir Alam's secretary On Monday, the ED raided the premises of both Sanjiv Lal and his domestic help Alamgir Alam in premises in Jharkhand's Ranchi.
07.05 / 11:53
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Xi to begin Serbia visit on the 25th anniversary of NATO's bombing of the Chinese Embassy
Chinese leader Xi Jinping’s visit to European ally Serbia starting Tuesday falls on a symbolic date: the 25th anniversary of the bombing of the Chinese Embassy during NATO’s air war over Kosovo
07.05 / 11:51
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For farmers, watching and waiting is a spring planting ritual. Climate change is adding to anxiety
As climate change drives an increase in spring rains across the Midwest, it can mean more anxiety for farmers eager to carry out the ritual of spring planting
07.05 / 11:35
Waves
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Southern
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Updates
Tamil Nadu may see hot, humid weather with heavy rainfall in next five days
IMD predicted isolated heavy rainfall in Tamil Nadu, Puducherry and Karaikal on May 8 and 9. Scattered light to moderate rainfall is likely to hit the southern state in the next 5 days.
07.05 / 11:23
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Chandrababu Naidu using BJP to stall welfare schemes, alleges Jagan Mohan Reddy
YSR Congress Party chief Y S Jagan Mohan Reddy on Tuesday alleged that TDP supremo N Chandrababu Naidu along with BJP state president D Purandeswari was stalling the distribution of welfare schemes in Andhra Pradesh. He made this allegation at Rajanagaram in East Godavari district during a public meeting as part of his election campaign.
07.05 / 10:05
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View: Apple needs to move the iPad beyond the toddler stage
iPad. I’ll spot some slick individual at a departure gate using one. Look at how neat it is, I’ll think, as I lug my laptop bag over my shoulder. It has great battery life and a built-in cellular connection, too!
07.05 / 10:05
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BJP workers trying to loot booths in Mainpuri, alleges SP chief Akhilesh Yadav
Samajwadi Party chief Akhilesh Yadav on Tuesday alleged that the BJP workers was trying to loot booths in the state's Mainpuri Lok Sabha constituency and detaining people from opposition parties in police stations. «In Mainpuri, BJP people are trying to loot booths. They are detaining opposition people in police stations,» Yadav said without giving details.
07.05 / 07:05
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Rural FMCG sales outgrew urban for the first time in 5 quarters in Q1: NielsenIQ
urban consumption for packaged consumer goods in the January-March ’24 quarter for the first time in five quarters, consumer intelligence firm NielsenIQ (NIQ) said in its quarter sector update on Tuesday. While urban demand declined sequentially at 5.7% in the quarter, rural markets, which are crucial for overall FMCG growth, grew at 7.6%.
07.05 / 06:35
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Asthma: 10 signs to identify if you have Asthma and tips to manage Asthma attacks
chronic condition affecting millions in India, demands increased awareness and effective management to dispel misconceptions surrounding it. With approximately 34.3 million asthmatics in India, constituting 12.9% of the global asthma population, it's alarming that nearly 90% of these individuals lack proper medication. Understanding that asthma can become chronic, it's crucial to recognize its early symptoms, which can manifest at any age, even as early as five years old. Early intervention is essential as poorly managed childhood asthma can lead to significant challenges in adulthood.
07.05 / 03:39
UPS
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Polling begins for 10 third-phase seats in UP
Uttar Pradesh, including high-profile Mainpuri, in the third phase of the Lok Sabha elections. Over 1.89 crore voters will seal the fate of 100 candidates in parliamentary constituencies of Sambhal, Hathras (SC), Agra (SC), Fatehpur Sikri, Firozabad, Mainpuri, Etah, Budaun, Aonla and Bareilly, where polling began at 7 am and will go on till 6 pm, according to the Election Commission. It is an important phase for Uttar Pradesh's Yadav family. The Samajwadi Party's (SP) Dimple Yadav is aiming to retain the Mainpuri Lok Sabha seat, which she won in the bypolls following the death of her father-in-law and party founder Mulayam Singh Yadav.
07.05 / 03:39
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This election is for the development of Baramati, says Maharashtra Deputy CM Ajit Pawar as he casts his vote
Lok Sabha Elections 2024 began on Tuesday morning in 93 constituencies across 11 states and Union Territories (UTs). In Maharashtra, Deputy Chief Minister and Nationalist Congress Party leader Ajit Pawar cast his vote at Gangubai Kate Zila Parishad Prathamik school, booth no. 224 Katewadi at Baramati constituency. Baramati is witnessing a star-studded fight in these elections. Deputy CM Ajit Pawar's wife Sunetra Pawar is the candidate of the BJP led Maha Yuti alliance while his sister Supriya Sule is the Maha Vikas Aghadi candidate. The constituency is considered to be the pocket borough of the Pawar family with Sharad Pawar having represented it multiple times after first being elected to the seat in 1984. However, with a fight within the Pawar family, this seat has become a symbol of the larger fight in Maharashtra. Speaking to reporters after casting his vote the Maharashtra Deputy CM Ajit Pawar said that the elections are for the development of Baramati and other constituencies in Maharashtra.
07.05 / 02:37
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I feed off the atmosphere in the studio: Asha Sairam
Lounge Loves: The calm Jean-Christophe Novelli, an oil from Qi Ayurveda and more Talking to Mint from the studio in Lado Sarai, Delhi, Sairam answers questions about her workspace, and how the energy of the space feeds her creativity. The thing is we, the five Principals of Studio Lotus, don’t actually have a dedicated workspace because a lot of our time is spent working directly with the teams. So, for me, the whole office is like my workspace.
07.05 / 02:13
FIVE
Election
Updates
Lok Sabha Elections 2024: PM Modi urges people to ‘vote in record numbers’ in phase 3 polling
Lok Sabha elections begins on Tuesday, Prime Minister Narendra Modi urged ‘active participation’ of voters to make the polls ‘more vibrant’ today, May 7. “Urging all those who are voting in today’s phase to vote in record numbers. Their active participation will certainly make the elections more vibrant," PM Modi wrote in a post on X (formerly Twitter).
07.05 / 02:13
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Lok Sabha Elections: In 2019, BJP & allies had won 75 of 93 seats voting in Phase 3 today
Lok Sabha seats. With this phase, voting will be completed in Gujarat, Goa and the union territory of Dadra and Nagar Haveli and Daman and Diu on Tuesday. Also, with polling underway in 14 seats today in this phase, elections for all 28 seats of Karnataka will also be over today.
07.05 / 00:23
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Cycling
Deepak Nitrite surges 4.8% after double upgrade from Morgan Stanley
Deepak Nitrite surged 4.8% after Morgan Stanley gave a 'double-upgrade' in its rating on the stock to overweight. The brokerage set a price target of ₹2,985 on the stock, implying an upside of about 16% over its Monday closing price of ₹2,560.5. The brokerage said Deepak Nitrite is in the midst of its largest investment cycle, transitioning into India's largest, integrated phenolics producer.
06.05 / 21:09
Citi
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information
Microsoft buys land in Hyderabad for Rs 267 cr to build data centre
Microsoft Corporation recently acquired 48 acres of land in Hyderabad for a deal valued at approximately Rs 267 crore. The property was purchased from the land aggregator, Sai Balaji Developers, located in Ranga Reddy district, as per the document shared by Propstack, a data analytics firm. «Microsoft has big plans to expand its data centre business and will be developing one of the biggest data centres in the region. The property is located about forty kilometres from the main city of Hyderabad, and the company paid a premium on the land,» said a person aware of the deal.
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