FIVE Financial News
26.03 / 10:31
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Women mutual fund distributors represents 21.5% of total registered MFDs in India: AMFI - Crisil Report
Association of Mutual Funds in India (AMFI). Effective investment advice and handholding can play a significant role in shaping investment behavior, and it is likely that the growing pool of knowledgeable and experienced distributors has contributed to the increasing trend of long-term investing among women, the study highlighted. Also Read | NFO Insight: This EV ETF from ICICI Prudential Mutual Fund is now open for subscription. Will it electrify your portfolio?
26.03 / 10:31
FIVE
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Indian-origin techie, who sold his business for Rs 9,000 crore, now seeking internship positions, studying 6 hours a day
Vinay Hiremath, the co-founder of Loom, achieved a dreamy financial success. After selling his video messaging startup to Atlassian for nearly $1 billion in 2023, he walked away with an estimated $50 to $70 million. However, instead of continuing in the tech industry or chasing further financial gains, the 33-year-old is now taking an unconventional path—searching for internships. On a podcast with Sam Parr, he talks about looking for internship opportunities after he turned down a $60 million retention bonus. Despite having the opportunity to earn even more, Hiremath made a surprising decision. He turned down a $60 million retention bonus that would have vested over four years. Now, without a steady income, he is focusing on personal growth and new challenges. Sam shared that Hiremath's current interests lie beyond software and investing. He spends five to eight hours daily studying physics and engages in online discussions with young enthusiasts, blending into communities where many are unaware of his entrepreneurial success. His financial strategy post-exit is also unusual for a tech founder, with half of his net worth in cash, 30% in equities, and 20% in bonds and other assets. Despite his wealth, his most expensive purchase since the sale has been an iPad. He is currently studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds.
26.03 / 09:41
markets
COST
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Healthcare
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hospital
This stock defied the market correction. Here’s why it could keep rising
Subscribe to enjoy similar stories. Over the last six months, the stock of Narayana Hrudayalaya has risen by over 30% against an 8.3% decline in the Sensex, outperforming the benchmark index by a wide margin. The stock has also been an outlier amid the recent correction, bucking the trend.
26.03 / 09:09
markets
COST
FIVE
economy
Amrut Distilleries introduces single-jaggery rum, expanding portfolio as India’s taste for premium spirits grows
Subscribe to enjoy similar stories. Amrut Distilleries Pvt Ltd, best known for its namesake single malt whisky, is making a bold bet on rum with the recent launch of what it calls the world’s first single-jaggery rum. The 75-year-old company has been expanding its domestic footprint steadily, with its whiskies now being sold over 20 states.
26.03 / 07:47
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Rugby
Dylan Walker released by One New Zealand Warriors, joins Australia's Parramatta Eels
One New Zealand Warriors forward Dylan Walker has returned to Australia after being released by club on compassionate grounds. The 30-year-old Walker is set to join join Parramatta Eels, the Australian professional rugby league football club. He had joined One New Zealand Warriors in 2023 on a three-year deal. He has played 232 games in Australia's National Rugby League with 124 of them coming for Manly Warringah. One New Zealand Warriors CEO Cameron George issued a statement on the development and wished Walker all the best. “We were keen for Dylan to stay until the end of the season but we appreciate why he needs to return to Sydney. We’ve really enjoyed having him at our club and he has given us tremendous service. He goes with our support and best wishes.” Walker appeared in 46 matches for match for One New Zealand Warriors and his last match was on March 21 when he ended on the winning side as his team beat Te Atatu Roosters at Go Media Stadium. His deal with Parramatta Eels is until the end of 2026 season. Parramatta Eels General Manager of Football Mark O'Neill said, «We’re excited to have a player of Dylan’s caliber join the Eels. Dylan is such a tough competitor who will suit our style of football and he will provide class and experience to our team.”
26.03 / 04:51
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Amit Shah defends PM-CARES, alleges PM NRF under UPA was headed by Cong President
Amit Shah on Tuesday rubbished the Opposition allegations on lack of transparency in the PM-CARES Fund, stating that unlike the National Relief Fund during UPA rule, which had Congress president as a member, the PM-CARES Fund has the cabinet committee on security with ministers to decide the disbursement on the advice of five top secretaries. Shah was replying to the debate on the Disaster Management (Amendment) Bill, 2024, in the Rajya Sabha. The bill, which was passed by the Lok Sabha in the last winter session, was approved by the Upper House on Tuesday. The home minister said disaster management is based on four pillars of transparency, responsibility, efficiency and synergy as he refuted apprehensions of any discrimination against states in disbursement of their share of disaster management funds, saying it is not meant for financing the freebies announced by the governments.
26.03 / 04:51
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Neo Infrastructure Income Opportunities Fund to acquire two road assets for Rs 1,500 crore
Alternative Investment Fund (AIF), has signed definitive agreements to acquire two operational road assets from CDS Infra Projects for Rs 1,500 crore. The assets, developed under the National Highways Authority of India’s (NHAI) Hybrid Annuity Model (HAM), are located in Haryana and Punjab and form part of the 669-km Delhi-Amritsar-Katra Expressway. The transaction is subject to regulatory and NHAI approvals, along with customary closing conditions. NIIOF, the flagship core infrastructure fund of Neo Asset Management, focuses on acquiring derisked, operational infrastructure assets that generate stable and predictable cash flows. HAM road projects operate under 15-year concessions with NHAI, offering contracted revenues independent of traffic volumes, making them relatively lower-risk investments.
26.03 / 03:25
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Waaree Renewable shares in focus on bagging solar power project worth Rs 262 crore etmarkets
Waaree Renewable Technologies will be in focus on Wednesday after the company received a solar power project worth Rs 262 crore from Waaree Energies. “We are pleased to inform that ‘WAAREERTL’ has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount solar power project including Operation and Maintenance (O&M) of 170 MW AC/255 MW DC capacity on turnkey basis,” the company said in its press release on Tuesday.
26.03 / 03:03
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"When odds are favourable, go for the jugular": Anshul Saigal stays bullish despite volatility
FOMO (Fear of Missing Out), market expert Anshul Saigal, Founder of Saigal Capital remains steadfast in his conviction: ignore the noise, focus on risk-reward, and when the moment is right, “go for the jugular.” In a candid interaction with ETNow, Saigal, who brings over two decades of market experience to the table, emphasized that great investment decisions stem from conviction, not prediction. Drawing inspiration from investing legend Stanley Druckenmiller, Saigal quoted, “When the odds are favourable, go for the jugular.”
26.03 / 00:35
markets
FIVE
Analysis
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Mid-cap Play: SIPs of 8+ years gave profits, show past data
Systematic Investment Plans (SIPs) and do not want to risk losing capital might need a minimum time frame of eight years, if past data are to go by. A study by asset valuation analytics firm Valuemetrics Technologies on monthly rolling returns for SIPs between April 2005 and March 2025 in the Nifty Midcap 150 Total Returns Index showed such investments made for three and five years have incurred losses (see table). SIPs made in this index for 8 to 15 years in this time frame have made money. In comparison, for an investor to be sure that her small cap index SIP investments did not lose money in this period, she had to continue for at least 12 years. Historically, returns from midcaps have tended to be lower compared with small-cap, but the risks of investing in this segment have also been lower.
25.03 / 17:57
Hollywood
FIVE
love
Golf
Latin
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Relationships
Before Tiger Woods: Vanessa Trump’s wild romance history includes a gangster, Leo DiCaprio, and a Saudi prince with links to Al Qaeda
Vanessa Trump's love life has been nothing less than a Hollywood movie script. Prior to marrying Donald Trump Jr., she was romantically associated with a gangster, a prince, and an A-list actor. Now she's in the news again, this time for dating golf icon Tiger Woods. The celebrity couple made their relationship public with a shocking statement on Sunday, making Tiger Woods the most recent addition to Vanessa Trump's turbulent romantic life. Ten days prior, Tiger Woods, 49, and Donald Trump, 47, posted two images on social media expressing their love, confirming the story that was exclusively reported by the Daily Mail. «With you by my side, life is better and love is in the air!» We are excited to travel through life together. We would value privacy at this time for everyone we care about," Woods wrote in the caption, as quoted in a report by the Daily Mail. After being connected to a number of intriguing figures in the past, including a Saudi prince and a Latin gang member, the golf legend's new partner has had an exciting dating life. She later wed Don Trump Jr. in 2005, and the two of them have five children together. On March 15, 2018, she filed for an uncontested divorce, as quoted in a report by the Daily Mail.
25.03 / 16:13
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cricket
PBKS vs GT: IPL's second-most expensive player, Shreyas Iyer, misses his maiden IPL ton by 3 runs
Punjab Kings and their new skipper Shreyas Iyer, who anchored the team's batting and and missed his maiden IPL ton by just three runs against Gujarat Titans. Giving a dream start to the franchise in red in their IPL 2025 opener, Iyer smashed 97 runs to set 244 as target for the Shubman Gill-led team to chase. Iyer, the champion captain of IPL 2024, who led Kolkata Knight Riders to their second title win, hit five FOURs and nine SIXES, covering the Narendra Modi stadium 360 degrees. His knock is a carry-forward of his brilliant form he has carried right from domestic cricket to Champions Trophy. Shashank Singh's cameo knock of 44 runs added valued runs to the scorecard and the batsman smashed five boundaries in the final over, keeping the Kings' skipper on the non-striker's end. In an interview post his innings, Singh revealed that Iyer was clear that he doesn't want any batsman to care about his possible century but simply make runs for the team.
25.03 / 12:55
markets
Provident
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Career
Freedom
Diversity
innovations
5 ways a non-linear career path can be rewarding
career growth followed a linear trajectory, with professionals spending years in the same industry before advancing. However, today’s job market is more dynamic, and many individuals are embracing non-linear career paths—taking breaks, switching industries, and exploring multiple roles. While unconventional, these career moves can lead to greater success, adaptability, and fulfillment when planned strategically. Here are five ways a non-linear career path can be rewarding: 1. Broader and More Diverse Skillset Switching industries and roles exposes individuals to a wide range of skills, from technical expertise to soft skills, making them highly versatile. Employers value professionals with diverse experiences, as they bring fresh perspectives and innovative solutions. For example, a writer with data analytics experience can leverage both skill sets to stand out in the job market. Highlighting interdisciplinary skills can position you as a valuable asset.
25.03 / 10:45
COST
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Digital
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ATM withdrawals to get costlier from May 1 as RBI raises interchange fees: Check new charges, other details
An ATM interchange fee is a charge that one bank pays to another for offering ATM services to customers. Banks often pass on these charges to users as part of their banking costs. For instance, if you are an HDFC Bank customer and go to SBI ATM to withdraw money and reside in Delhi, HDFC Bank will charge you if you on the fourth transaction in a month at an SBI ATM as an HDFC Bank customer. Income Tax GuideIncome Tax Slabs F
25.03 / 10:33
FIVE
performer
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bowling
GT vs PBKS Pitch Report: How will the surface at Narendra Modi Stadium in Ahmedabad play for today's match
Punjab Kings have struggled in recent seasons, failing to reach the top five in the last four editions. Their best IPL result came in 2014, when they were runners-up, and in 2018, when they reached the semifinals. Iyer’s appointment as captain marks a fresh approach for the team, bolstered by his reunion with coach Ricky Ponting, with whom he has previously found success. Both Iyer and Shubman Gill head into this match in excellent form following their performances in India’s recent Champions Trophy win in Dubai. Iyer topped the run-scoring charts with 243 runs in five matches, while Gill impressed with a century against Bangladesh. The Gujarat Titans, who clinched the IPL title in 2022 and finished as runners-up in 2023, struggled under Gill’s leadership last season, finishing eighth. Looking to bounce back, the Titans have assembled a strong squad, with Gill and Jos Buttler opening the batting and a solid middle order featuring Sherfane Rutherford, Sai Sudharsan, and Masood Shahrukh Khan. Their depth is further strengthened by the all-round skills of Rashid Khan, Rahul Tewatia, Glenn Phillips, Washington Sundar, and Mahipal Lomror.
25.03 / 10:19
FIVE
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2020
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From Rs 1500 to Rs 1.24 lakh, a look into how salary of MPs changed over the years
The daily allowance too has been increased from Rs 2,000 to Rs 2,500, the notification said. MPs can draw daily allowances while attending Parliament sessions and meetings of parliamentary committees. The pension for former members of Parliament has been increased from Rs 25,000 per month to Rs 31,000 per month. If one looks at change in the salary of the MPs over the years, it is seen that the MPs were drawing Rs 1500 in 2001, which has now increased to Rs 1.24 lakh in 2023.
25.03 / 08:43
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GT vs PBKS IPL 2025 Predicted Playing 11: From Gill, Siraj, Rashid Khan to Shreyas Iyer, Maxwell, who might make the cut?
Shubman Gill continues to lead the Titans, while Punjab Kings will be captained by Shreyas Iyer, who takes charge after the team's ninth-place finish in IPL 2024. In their five previous encounters, Gujarat Titans have won three times, while Punjab Kings have claimed two victories. With the head-to-head record in GT’s favor, PBKS will be eager to even the tally. Notably, all five matches between the two sides have been won by the chasing team, making the toss a crucial factor in this contest.
25.03 / 08:41
Provident
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Credit Card hack to get higher rewards on bulk payments
Subscribe to enjoy similar stories. MUMBAI : Managing bulk payments efficiently while maximizing credit card rewards could be a smart financial move. Many credit card users do not get any reward points when paying bills directly.
25.03 / 07:23
FIVE
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Courts
Lok Sabha approves motion to extend tenure of JPC on 'One Nation, One Election'
Lok Sabha on Tuesday approved the motion to extend tenure of the JPC on 'One Nation, One Election' upto the first day of last week of the Monsoon Session, 2025. Chairman of the Joint Parliamentary Committee (JPC), PP Chaudhary, had moved the motion in the Lok Sabha on Tuesday regarding an extension of time for presenting the report on the «One Nation, One Election» Bills ('Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024 and the Union Territories Laws (Amendment) Bill, 2024'). The bills under consideration include the Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, and the Union Territories Laws (Amendment) Bill, 2024. The Joint Parliamentary Committee (JPC) examining the 'One Nation, One Election' bill is set to meet today at 3 pm. During the meeting, Attorney General of India R Venkataramand Justice DN Patel, the former Chief Justice of Delhi High Court and current Chairperson of the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), will make representations before the JPC. Firstly, they will meet Justice D.N. Patel, the Former Chief Justice of Delhi High Court, who currently serves as the Chairperson of the Telecom Disputes Settlement and Appellate Tribunal (TDSAT).
25.03 / 07:23
UPS
Citi
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travelers
International
Destinations
Move over Thailand, fastest-growing Vietnam is India’s new travel playground
Vietnam, which has now emerged as the fastest-growing tourism destination in Southeast Asia. Now, Vietnam has emerged as the third-most-visited country in the region, with 17.5 million international arrivals in 2024, edging ahead of Singapore. It follows Malaysia, which had 25 million visitors, and Thailand, which remains at the top with 35 million. The numbers also make Vietnam, also referred to as the Land of the Ascending Dragon, the regional leader in tourism recovery. Five years after the Covid-19 pandemic brought global travel to a halt, Vietnam has regained 98% of its pre-pandemic tourism business, outpacing all its neighbours, including Thailand (87.5%) and Singapore (86%). The momentum shows no signs of slowing down. Nearly four million international tourists arrived in Vietnam in January and February this year, a 30.2% increase from the same period last year, according to figures from the Vietnam National Authority of Tourism.
25.03 / 07:23
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Schools
Delhi govt may ban schools from forcing parents to buy uniforms, books from specific vendors
Delhi government is likely to issue an order stopping schools from forcing parents to buy uniforms and books from specific vendors, TOI reported, citing sources. According to the report, a senior official said that schools would also be barred from arbitrarily changing uniforms or dictating where parents should purchase study materials. The official explained that the government had received several complaints from parents about schools making minor changes to uniforms and insisting they buy them from specific shops. This practice has been viewed as a way for schools to make extra money. To address these issues, the government plans to introduce a dedicated email and helpline for parents to report violations. Schools will also be required to provide the contact details of at least five shops from where parents can buy books and uniforms as they wish. The official warned that strict action would be taken against any school or vendor that does not follow the new rules. «We've noticed that some schools recommend expensive, specific books like certain atlases. These practices need to be controlled,» he said. The official emphasised that the purpose of education should be to shape the nation's future, not to make money. He added that the government would not allow schools to impose unnecessary costs on parents.
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