FIVE Financial News
27.04 / 10:57
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India is booming. But you still need international exposure
₹8,330 (equivalent to $100, at ₹83.3 per US dollar) to invest. If you invested in India and assumed a 15% CAGR over five years, your investment would have grown to ₹16,755. Now, let’s assume that the international investment also delivered a similar return.
27.04 / 10:53
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YSRCP manifesto: Key promises and highlights
YSRCP chief Y S Jagan Mohan Reddy on Saturday released the party manifesto for the coming elections and promised to gradually hike welfare pensions from Rs 3,000 to Rs 3,500 per month and govern the state from Visakhapatnam. The chief minister noted that welfare pensions, which are currently at Rs 3,000 per month, will be raised to Rs 3,250 from January 2028 and subsequently to Rs 3,500 from January 2029. «Immediately after YSRCP forms the government in 2024, Visakhapatnam will be made the executive capital as the seat of the government. It will be developed as the growth engine for the state,» said Reddy, addressing a press conference.
27.04 / 10:53
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Modi undermining dignity of PM post: Siddaramaiah
Karnataka Chief Minister Siddaramaiah on Saturday said Narendra Modi has undermined the dignity of the Prime Minister's post with lies and inflaming people's sentiments. «Narendra Modi is very good at lying. They have marketed lies. He is trying to harm the dignity of people by saying irrelevant things, inflaming people's feelings, polarizing them, which undermines the dignity of the post of Prime Minister,» Siddaramaiah said, while addressing a press conference. He said Congress has complained about this to the Election Commission. «We have complained to the Election Commission regarding his speeches on reservation and 'Mangalsutra' issues. No action has been taken yet. Notice has been given to them. We look forward to taking action,» the Chief Minister said.
27.04 / 09:57
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"Heatwave conditions in North India less likely amid surge in thunderstorm activities": IMD scientist
North India are less likely to happen amidst an increase in thunderstorm activities. Speaking with ANI, Soma Sen Roy said, «Yesterday (April 26), we observed thunderstorm activities, especially in North-West India… There have been quite strong winds blowing. In states like Haryana, Madhya Pradesh, and Rajasthan, we witnessed hailstorm activities.» The scientist explained that due to these thunderstorm activities, the chances of heatwave conditions are less likely to happen. «Due to these thunderstorm activities, there is a drop in temperature and there can be a decrease of 4 degrees to 5 degree Celsius and therefore, the chances of heatwave conditions in North India are less likely to happen,» she said
27.04 / 09:31
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country
Make Modi PM for third time to end terrorism and Naxalism: Shah
Amit Shah on Saturday said if Narendra Modi continues to be the prime minister for the third consecutive term, he would end terrorism and Naxalism from the country and also make India the world's third largest economy. He was addressing an election rally at Porbandar in Gujarat in support of the Bharatiya Janata Party (BJP) candidate Mansukh Mandaviya. Shah said that when Article 370 was scrapped, Congress leader Rahul Gandhi opposed the move, saying it would lead to a river of blood flowing in Kashmir. «In the last five years, let alone the river of blood, nobody even dared to throw a stone there. PM Modi worked to finish terrorism and Naxalism from the country. When Manmohan Singh was the country's prime minister, anyone could enter the country from Pakistan and blow up bombs,» the senior BJP leader said. «When Pakistan carried out terrorist attacks in Pulwama and Uri, it forgot that Modi was the prime minister. Within 10 days, PM Modi carried out surgical and air strikes to finish off terrorists on Pakistan's soil,» he said.
27.04 / 06:57
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Uttarakhand: IAF chopper takes water from Bhimtal lake to douse forest fires; CM to hold meeting in Haldwani | Watch
Char Dham Yatra 2024: Online registration now open! Here's how to apply Yesterday, forest fires became more severe with the flames reaching the High Court Colony in Nainital. According to the daily bulletin issued by the Forest Department here, 26 incidents of forest fire occurred in the state's Kumaon region in the last 24 hours, while five incidents occurred in Garhwal region, where 33.34 hectares of forest area was affected.
27.04 / 06:41
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Gold ends its five week winning streak as inflation concerns resurface
gold closed with a gain of 0.27% at $2338 Friday. However, the metal posted its first weekly decline in six on inflation concerns as the US inflation data remained elevated. The metal fell 2.20% on the weekly closing basis. The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up nearly 1% to finish the week higher, whereas the 2-year US yields at 4.99% were up nearly one bps on the week, but down nearly one bps Friday.
27.04 / 06:41
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Congress accuses CPI(M) of hijacking poll machinery to bring down polling percentage
Congress on Saturday alleged that voters were harassed and the election machinery was hijacked by the ruling CPI(M) in the state with an aim to bring down the turnout percentage. AICC general secretary K C Venugopal said the alleged hijacking of the election machinery by the ruling CPI(M) was one of the reasons for the decrease in polling percentage this year as compared to the turnout in the 2019 Lok Sabha polls. Despite heightened political fervour and anticipation about the general elections for the 20 Lok Sabha seats in Kerala, the process concluded with a notable decrease in voter turnout, as the figure stood at 70.22 per cent at 8pm yesterday. This figure, while significant, was quite a drop from the polling percentage of 77.84 per cent registered in the 2019 Lok Sabha polls. Venugopal claimed that there were glitches in electronic voting machines (EVMs) in three to five per cent of the polling booths in the state that lead to long delays in the election process which in turn caused discomfort to the voters who had to stand in long queues for hours in the intense heat.
26.04 / 22:23
26.04 / 22:23
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Is home ownership only for the rich now? 80% say yes in new poll
The cost-of-living crisis facing Canadians is only getting more bleak, according to new polling that shows everything from buying a first home to affording groceries has gotten harder in the past year.
26.04 / 19:53
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Federal Bank is Religare's pick of the month for May, 13% upside seen at TP of ₹176; should you buy?
Federal Bank as its stock pick of the month for May 2024 with a potential upside seen around 13 per cent. Shares of Federal Bank were on an uptrend and gained one per cent today to hit an intra day high of ₹158.55 against a 52-week high of ₹166.65 apiece on the BSE. On Friday, April 26, shares of Federal Bank settled 0.61 per cent higher at ₹156.95 apiece on the BSE.
26.04 / 19:53
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Ball
KKR vs PBKS: Sunil Narine, Phil Salt's brilliant start power Kolkata Knight Riders to 261/6 after 20 overs
KKR vs PBKS IPL 2024: Sunil Narine, the surprise factor introduced by Kolkata Knight Riders (KKR) in IPL 2024, continues to maintain his brilliant form as he provided his team with another strong start against Punjab Kings (PBKS). Phil Salt and Sunil Narine's 138-run opening partnership laid a strong foundation for KKR, which ended up with another high score of 261/6 after 20 overs. This score could have been much higher, but the middle-order batters should have capitalized on the excellent start.
26.04 / 15:17
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Karnataka Elections: EC files case against BJP's Tejasvi Surya for 'soliciting votes on ground of religion'
Tejasvi Surya, the Bharatiya Janata Party (BJP) Member of Parliament (MP) and candidate for Bangalore South, for allegedly posting a video on a social media platform and soliciting votes based on religion, as announced by the Election Commission on Friday. Surya is contesting against Sowmya Reddy, the Congress candidate and daughter of Karnataka Transport Minister Ramalinga Reddy. The Karnataka Chief Electoral Officer, in a statement on the microblogging website X, stated, «Case is booked against Tejasvi Surya MP and candidate of Bengaluru South PC on April 25 at Jayanagar police station for posting a video on X handle and soliciting votes on the grounds of religion.» The case has been filed with the Jayanagar police station in Bengaluru.
26.04 / 14:27
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Former SNC-Lavalin executive sentenced to prison term in bridge bribery case
A former SNC-Lavalin Group Inc. executive has been sentenced to three and a half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal, the RCMP say.
26.04 / 14:27
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CPPIB's credit head wants to take advantage of leveraged buyout boom
Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.
26.04 / 14:27
26.04 / 14:17
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Airlines
Justice
information
Courts
Delhi HC asks DGCA to deregister all 54 of Go First's leased planes, gives 5 days' time
Go First’s revival prospects, the Delhi High Court on Friday asked the Directorate General of Civil Aviation (DGCA) to deregister all the 54 leased aircraft to the airline and process the lessors' applications for deregistration within five working days. Justice Tara Vitasta Ganju while restraining the carrier’s resolution professional (RP) from operating, accessing or flying these planes handed over the maintenance work of the aircraft back to the lessors. It also restrained the RP from replacing, taking out any accessories, spare parts, documents or any material from the aircraft while directing him to provide up to date information and documentation related to the aircraft to the lessors. The HC also quashed the aviation regulator’s communication against processing the applications of lessors to deregister their leased planes due to a moratorium imposed by the National Company Law Tribunal (NCLT) on the airline's assets.
26.04 / 14:17
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Filing of nomination for 5 Odisha Lok Sabha seats, 35 Assembly segments begins
nomination papers for five Lok Sabha constituencies and 35 Odisha Assembly segments to be held on May 20 started on Friday with the Election Commission of India and Chief Electoral Officer (CEO) issuing the notification in this regard. The five Lok Sabha constituencies are Bargarh, Sundergarh (ST), Bolangir, Kandhamal and Aska Lok Sabha constituencies along with 35 assembly segments under the Lok Sabha constituencies. «As recommended by the Election Commission of India, in pursuance of sub-section (2) of Section 15 of the Representation of the People Act, 1951 (43 of 1951), the Governor of the State of Odisha is, hereby, pleased to call upon...,» the chief secretary said in a notification. As per the notifications, May 3 is the last date for making nominations while scrutiny of nominations will be done on the next day. Candidates can withdraw their nominations on or before May 6.
26.04 / 13:37
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Progressive
DAL
country
"Munger suffered the most during the Jungle Raj under 'Laalten' rule": PM Modi in Bihar
Munger (Bihar) [India], April 26 (ANI): Hitting out at the Rashtriya Janata Dal in Bihar, Prime Minister Narendra Modi said on Friday that Muger has suffered the most during the «dark era» of "Jungle Raj" in Bihar under the RJD's rule. He added that the Congress and RJD want to «loot» the wealth of the people and give it to their «special vote bank.» Addressing a public meeting in Munger, Bihar, PM Modi said, «There is an NDA model on one side and there is an INDI Alliance model on the other. INDI alliance model is appeasement (tushtikaran) and NDA's model is satisfaction (santushtikaran). We have to ensure that no one is left behind. We gave toilets, gas, electricity connections, and water facilities to our mothers and sisters. We gave free ration and free medical treatment.»
26.04 / 13:25
UPS
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Election
country
peace
J&K: Border residents vote without fear of shelling; raise concern over unemployment
Pakistan shelling amid a ceasefire, people living near the International Border and Line of Control in Jammu thronged the polling stations across Jammu to decide the fate of 22 candidates contesting from the constituency in the second phase of Lok Sabha polls on Friday. According to Chief Electoral Officer (CEO), Jammu and Kashmir Pandurang K Pole, a total of 158 polling stations, out of 2,416, were set up in the border areas in Jammu and Samba districts besides the Kalakote-Sunderbani segment in Rajouri district. The Jammu parliamentary constituency recorded 67.22 per cent polling, while its border segments registered more than 70 per cent polling, till 5 pm. It is likely to maintain its history of high voter turnout as in the last parliamentary elections, the constituency registered about 74 per cent polling. Shelling from across the border has remained a major concern for the border residents and the administration alike but this time the elections are taking place in a peaceful atmosphere owing to a renewed ceasefire between the two countries on February 25, 2021.
26.04 / 13:23
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EU expands AML regulation impacting cryptocurrency compliance
The regulation reports to create enhanced due diligence measures and checks on customer’s identity. Obliged entities, such as banks or cryptocurrency asset managers, have to report any suspicious activities to Financial Intelligence Units (FIUs) or other competent authorities. This is an increased level of due diligence on the cryptocurrency industry.
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