FIVE Financial News

Also Read: Nifty Metal index bounces back 3.4% from day's low amid strong spike in metal prices China has set an ambitious economic growth target of around 5% for 2024, a goal that analysts view as requiring additional stimulus measures to achieve. In addition to the GDP data, China's release of March indicators—property investment, retail sales, and industrial output—underscored the persistent weakness in domestic demand.

The Swiss firm told Investment Week that the changes will come into effect on or around 6 May 2024, with no impact on the day-to-day management or the strategy. Hawtin currently leads the global growth equity team at GAM, having worked at the firm since September 2008. He became the sole manager of the $36.6m Star Alpha Technology fund in 2010.  Liontrust raids GAM for team heads as outflows persist According to FE fundinfo, the fund has gained 53.7% over the past five years, while the IA Specialist sector is up 29.7%. In the past year, it is up 23.5%, while the sector has returned...

The Department of Justice (DOJ) is reportedly reconsidering selecting a prominent New York law firm to handle a critical assignment related to Binance, due to the firm’s prior work for rival exchange FTX.

inflation in India, improving productivity growth alongside external factors, economists now expect the Reserve Bank of India to hold the rates steady and expect no easing in FY25. A report by Morgan Stanley on Tuesday said that the RBI is likely to keep the policy rate steady at 6.5 per cent due to global factors such as higher commodity prices, delayed start or shallower easing from the Fed and a stronger dollar. In addition, the decision also depends on domestic factors such as continued upside surprise in growth, driven by capex and productivity, implying higher equilibrium real rates.

BJP announced 21 candidates for the Odisha Assembly elections, with former Union Coal Minister Dilip Ray nominated for the Rourkela seat. Among the candidates are five who recently switched from the BJD to the BJP. At least five turncoats who recently joined the BJP after quitting the BJD also got BJP tickets.

Dolly Khanna portfolio: Selan Exploration Technology share price has been on an uptrend since mid-March 2024. After bottoming out at ₹410 apiece level on 14th March 2024, Selan Exploration share price has been rising to new peaks regularly. This Dolly Khanna latest portfolio entrant today opened upside at ₹599 apiece and went on to touch an intraday high of ₹683.70 per share on NSE within an hour of the stock market's opening bell.

KKR vs RR IPL 2024: Kolkata Knight Riders (KKR), at number two on the points table, will take on table-toppers Rajasthan Royals (RR) on April 16. Ahead of the 31st IPL match of the season, let’s look at the top-performing players of both teams. In terms of batting, RR have several players who have been performing well in the tournament thus far.

Polycab India, a leading manufacturer of electrical wires and cables, has seen its shares grow gradually year after year, rewarding its long-term investors handsomely. The company is a market leader in the cables & wires sector, with a 26% share in the organised market and an 18% share in the overall market. It focuses on in-house manufacturing with a high degree of backward integration and has 25 manufacturing facilities.

Indian Railways over the past 171 years. Reflecting on this significant milestone, a spokesperson from Central Railway (CR) told TOI, «171 years ago, the inaugural train embarked on its journey from Boribunder amidst a 21-gun salute and resounding applause from the thousands gathered at the station.» Early History and Development

Jio Financial Services, the financial subsidiary of Reliance Industries, witnessed a significant surge of 5% during today's intraday session, reaching ₹371.95 per share. This increase follows the company's announcement, made through an exchange filing on Monday, regarding the signing of an agreement to establish a 50:50 joint venture with BlackRock.

The Economic Times reported on April 16. If a deal is struck, it will mark a gradual shift in Apple's operations from China to India, the report further added. Titan shares closed down 0.50 per cent at ₹3,601.55 on April 15, on the Bombay Stock Exchange (BSE).

Salman Khan’s Bandra residence in less than 48 hours of the incident. According to the police, the two were nabbed from Bhuj district in Gujarat by a crime branch team of the Mumbai police. The two have been identified as Vicky Gupta and Sagar Pal and are suspected to be linked to the Lawrence Bishnoi gang. They are being brought to Mumbai and will be produced before a local court for want of custody. At 4.51 am on Sunday, two youths riding a motorbike fired five rounds at the actor’s residence. The police had recovered four empty shells and a live bullet at the scene which has been sent for forensic analysis. The police suspect a 7.6 bore weapon could have been used for the firing. In the past the actor has received death threats from the Bishnoi gang following which he was provided a Y category security cover.

The company plans to spend over 70% of its over ₹45,000 crore fundraise via debt and equity into capex for 5G rollout and 4G network expansion, a person familiar with the matter said. Addressing reporters on Monday, chief executive Akshaya Moondra said the ₹18,000-crore follow-on share sale will see the government stake diluted to 24%, which could rise to a comfortable 32-33% if the Centre decides to convert some of the principal dues into more equity.

Private equity (PE) investments in India’s real estate have been falling over the last five years, through a residential boom and recovery in the commercial office segment. While the number of deals has remained constant, the average deal size has shrunk. Mint explains why: The value of PE deals in real estate fell from $5.1 billion in FY20 to $3.7 billion in FY24, says Anarock Capital, the investment banking and advisory arm of Anarock Group.

₹71,500-72,500. The rising gold prices is leading to dwindling of demand in the country and prompting Indians to opt for recycling of their old jewelleries amid festive season. Also read: Silver prices likely to cross ₹1 lakh per kg in medium to long term: Motilal Oswal “We have seen higher investment demand for gold in India through various gold investment instruments.

Bell spent over ten years at Aegon, where she was the manager of the Aegon US Equity Pension fund, co-manager of the Aegon Technology Pension fund and support manager for the Aegon Global Equity Market Neutral fund. Before joining Aegon, she spent five years as an investment analyst at Bailie Gifford. Veteran AXA IM equity income manager to retire after 22 years She will work on the development of the firm's flagship Global Best Ideas Equity strategy across all channels, effectively immediately. Bell will be based in London and report to head of global equity management, Gerrit Smi...

Rajnath Singh on Monday said the "Ram Rajya" has started taking roots in the country and nobody can stop it in becoming a reality. Addressing an election rally in support of Union Minister Jitendra Singh at Basohli in Kathua district, he highlighted the fulfillment of all promises made by the BJP like abrogation of Article 370, construction of the Ram temple and implementation of the Citizenship Amendment Act (CAA). He said the BJP is not doing politics for formation of the government but for the country which was pulled out from a big trouble caused by the trust deficit between the people and politicians. Singh assured people that nobody who is an Indian national is going to lose his citizenship after the implementation of the CAA, while the BJP will keep its promise to implement the Uniform Civil Code (UCC) as promised in the party manifesto in the next five years.

Azam Khan from Rampur politics has left party workers in a dilemma whether to vote for his alternative or keep their allegiance to the stalwart who has won the constituency a record 10 times. Khan, who is currently lodged in Sitapur jail, has been replaced by Mohibullah Nadvi, a cleric of a mosque located on Delhi's Parliament Street. Changing party candidates may be normal for any other Lok Sabha constituency, but in the case of Rampur, it is not at all trivial. Asim Raja, a close aide of Azam Khan, had also filed his nomination describing himself an SP candidate, despite the party giving ticket to Nadvi. His nomination was rejected during scrutiny.

If you’re considering buying your dream home and need a home loan, it’s important to compare interest rates offered by various banks. Interest rate is one of the key factors for every loan borrower.

Across the Indian financial landscape, small savings schemes have long played a pivotal role, offering a blend of benefits and risks that shape the financial landscape. In February 2022, small saving deposits totaled Rs 9.9 lakh crore, a mere fraction of the overall SCB deposits amounting to Rs 170.2 lakh crore. However, research conducted by Bank of Baroda reveals that the ratio of small saving deposits to commercial bank deposits has increased from 4.4 percent to 5.8 percent over the past five years. This highlights a significant trend in India’s financial landscape, indicating a steady increase in the proportion of small saving deposits relative to commercial bank deposits over the past five years.