FIVE Financial News
04.04 / 20:30
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New Jersey's 3 nuclear power plants seek to extend licenses for another 20 years
The company that owns New Jersey’s three nuclear power plants says it will seek federal approval to operate them for another 20 years
04.04 / 20:30
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US treasury secretary is in China to talk trade, anti-money laundering and Chinese 'overproduction'
Treasury Secretary Janet Yellen has arrived in a China for five days of meetings in a country that's determined to avoid open conflict with the United States
04.04 / 19:05
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Posthaste: Here's another sign interest rates have more Canadians walking a financial tightrope
Canadian households in some provinces are renegotiating debt payments at a record clip, as the financial squeeze from high interest rates continues to take its toll.
04.04 / 18:03
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Interviews
Mrunal Thakur says she has never spent more than Rs 2,000 on clothes, reveals her secret to appear stylish without overspending
Mrunal Thakur! The actress experienced a huge uptick in popularity after she delivered two critical and commercial hits in Tollywood — ‘Sita Ramam’ and ‘Hi Nana’. Despite basking in her newfound stardom, the diva refuses to be extravagant. In an interview with Galatta Plus, the actress said that she finds it pointless to spend a fortune on clothes as most of the time celebs don't repeat dresses. “You are not going to wear them again,” she said. When asked about the clothes she was wearing in the interview, the ‘Lust Stories 2’ actress revealed they had been borrowed. “These are not my clothes, I have just sourced them. The maximum money I have spent on a top is Rs 2000. That also I feel is too much,” she stated. “ Because whatever is expensive, you cannot wear them over and over again. Yes, having a classic statement collection in your wardrobe is good but wearing a brand for the heck of it is a waste of money. I would rather invest that money in food, in some plants, a house, or a land where I can do farming,” she said.
04.04 / 17:07
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Helping Modi return for 3rd term your national responsibility: Nadda to Uttarakhand voters
J P Nadda Thursday asked the people of Uttarakhand to again give all the five Lok Sabha seats in the state to the BJP to help Narendra Modi return as prime minister for a third term and make India the third biggest economy in the world. «It is your national responsibility,» Nadda told his first election meeting at Pithoragarh in the state in support of Ajay Tamta, the BJP candidate from the reserved Almora Lok Sabha seat. Prime Minister Modi made the country the fifth biggest economy in the world despite the challenges of the Covid pandemic and the Russia-Ukraine war, he said. «If you help him get a third term as PM by ensuring the BJP's victory in all the five seats, he will make India the third biggest economy,» Nadda said.
04.04 / 16:21
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NCLAT asks IRP of Dream 11 not to take steps for insolvency
Sporta Technologies, which operates the fantasy sports platform Dream 11, not to take any steps towards insolvency and keep the company as a going concern. The appellate tribunal said it has already stayed the Corporate Insolvency Resolution Process (CIRP) of the company. «We only clarify that IRP is directed not to take any steps in the CIRP, however, IRP being in the place shall keep the company as a going concern,» the NCLAT said in its order.
04.04 / 16:13
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IPL 2024: Speedster Kagiso Rabada dismisses Wriddhiman Saha for the 4th time in IPL
Punjab Kings' Kagiso Rabada dismissed Gujarat Titans' Wriddhiman Saha as the Kings are facing the Shubman Gill-led team. A wicketkeeper batsman, Saha, managed to score 11 runs from 13 balls before Rabada dismissed him for the fourth time in the IPL. It was the final ball of the third over, when Rabada bowled a good length ball, pitching on off stump and Wriddhiman Saha playing within his crease, attempts to whip the delivery over mid-wicket.
04.04 / 15:25
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Courts
Arvind Kejriwal urges court to allow more time with lawyer
Arvind Kejriwal on Thursday moved a city court urging it to allow him to spend more time with his lawyer in order to prepare for cases pending against him in several parts of the country. Kejriwal moved the application claiming that two meetings every week with his lawyer, as permitted by the court, was not sufficient since he was facing multiple cases in various states and needed more time for consultation. The AAP leader urged the court to increase the number of meetings to five per week. The application is likely to come up for hearing before special judge for ED cases Kaveri Baweja on Friday.
04.04 / 15:25
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After 25 years in Lok Sabha, Sonia Gandhi begins new journey in Rajya Sabha
Lok Sabha, Congress Parliamentary Party chairperson Sonia Gandhi on Thursday started her fresh innings in the Rajya Sabha after she took oath as a member of the Upper House. She will represent Rajasthan in the Council of States by filling the seat that fell vacant after 91-year-old former prime minister Manmohan Singh completed his tenure on April 3. Sonia Gandhi will be the second member of the Gandhi family to enter the Rajya Sabha after former prime minister and her mother-in-law Indira Gandhi, who had a two-and-a-half-year tenure (from August 1964 to February 1967) as a member of the Upper House. Congress leaders Mallikarjun Kharge and Priyanka Gandhi Vadra were present when she took oath in Hindi in the presence of Vice President and Rajya Sabha Chairman Jagdeep Dhankhar.
04.04 / 14:53
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Tax divide: Why are southern states upset?
₹15,000 crore. The state was unable to pay salary and arrears among other payments. Subsequently, Kerala dragged the union government to the Supreme Court for limiting its borrowing powers.
04.04 / 14:53
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‘Billions of dollars': What Helios Capitals's Samir Arora estimates after FIIs reduce shareholding in HDFC Bank
HDFC Bank as of March 2024 quarter at 47.83 per cent, declined from 52.39 per cent in the December 2023 quarter. Arora took to social media platform ‘X’ and said, ‘’If HDFC Bank had requested all the FIIs together would have been happy to sell another five bps of stock to satisfy MSCI's bureaucratic requirement.'' Also Read: HDFC Bank: FII ownership declines to 47.8% in the March' 2024 quarter from 52.3% at the end of December'2023 quarter ‘’Imagine- if FIIs had sold five bps more of HDFC Bank in the first quarter, it would have led to billions of dollars of buying in the stock.
04.04 / 14:53
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PM Modi sets ambitious India economic goals for probable third term
Modi has highlighted economic growth as one of his biggest achievements in election rallies and has "guaranteed" making the economy the third largest in the world from fifth now if he wins a third term in a row as polls predict. He has already asked officials to finalise plans by around May to expand the economy to $6.69 trillion in nominal terms by 2030, from around $3.51 trillion currently, according to the October document.
04.04 / 14:53
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Eid 2024: Eid Al Fitr date and timing in India, its history and significance
Eld-al-Fitr—one of the grandest festivals in Islamic religion—is celebrated on the first date of the 10th Shawwal in the Islamic calendar. This festival of jubilation marks the end of month-long observation of fasting during the holy Ramadan. This year, the Eld-al-Fitr – also known as Meethi Eid—is likely to be celebrated on Thursday, April 11, 2024.
04.04 / 13:59
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Buckingham Palace Balcony Room to open for public: Cost, dates, and what you will be able to explore
Buckingham Palace will open its revered balcony room to the public for the first time. Enthusiasts of the royal family can now embark on guided tours of the palace's illustrious east wing, offering a rare opportunity to explore the iconic balcony room where generations of royals have made historic appearances, as per a report by New York Times.
04.04 / 13:59
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Narendra Modi sets ambitious economic goals for probable third term
Narendra Modi, confident of winning a national election starting this month, has set an ambitious target of roughly doubling the economy and exports this decade, according to a government document seen by Reuters. Modi has highlighted economic growth as one of his biggest achievements in election rallies and has «guaranteed» making the economy the third largest in the world from fifth now if he wins a third term in a row as polls predict. He has already asked officials to finalise plans by around May to expand the economy to $6.69 trillion in nominal terms by 2030, from around $3.51 trillion currently, according to the October document. Though short on concrete details of how to achieve that, it has been a basis for officials' meetings.
04.04 / 13:41
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Work-from-office mandates see flexi space providers catching up with tech firms in leasing offices
MUMBAI : Flexible office space providers have emerged as a significant challenger to technology firms in leasing offices, as companies across sectors gradually enforce return-to-office mandates for their employees. Between January and March, flexible office space providers have already captured a significant 22% share of leasing activity, as per a report by real estate consultancy CBRE. This translates to a leased area of about 3 million sq.ft., marking a significant rise in the sector's influence.
04.04 / 13:31
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No road, No vote: Residents of remote Uttarakhand village threaten to boycott LS polls
Lok Sabha polls if work on the construction of a long-awaited road project linking the village to district headquarters does not begin immediately. The villagers staged a rally in Joshimath on Wednesday holding banners which read «Don't embarrass us by asking for votes,» «Enter village only after making a road,» and «No road, No vote.» Elections to the five Lok Sabha seats in Uttarakhand are slated to be held in the first phase on April 19. «We are firm on continuing with our movement till the work starts. If the construction work does not start before April 19, we will boycott the polls,» said Prem Singh Sanwal, the convenor of the committee spearheading the protest.
04.04 / 13:31
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SpiceJet restarts flights to Sikkim's Pakyong airport from Kolkata, Delhi
SpiceJet has resumed its flight operations to Pakyong airport in Sikkim from Kolkata and Delhi, the airline said on Thursday. The Delhi-Pakyong route will be operational five days a week, while the Kolkata-Pakyong flight will operate daily, it said. The airline said in a statement that it has also launched non-stop flights between Hyderabad and Ayodhya from Tuesday. «We are happy to enhance connectivity to Ayodhya and Pakyong ahead of the forthcoming peak travel season. With an expanding fleet, we are poised to launch new routes and reinstate services on key ones,» the statement quoted Debojo Maharshi, Chief Business Officer, SpiceJet, as saying.
04.04 / 11:59
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Philip Cross: Bank of Canada's Carolyn Rogers is right. Weak productivity is a national crisis
A consensus is emerging that Canada’s chronically slow economic growth and weak productivity constitute a national crisis. Bank of Canada senior deputy governor Carolyn Rogers last week called lagging productivity “an emergency,” saying “it’s time to break the glass.” With real GDP growth in the past decade the weakest since the 1930s and with real GDP languishing at 2014 levels, it’s hard to avoid that conclusion.
04.04 / 11:59
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Headlines
Rising oil prices may affect timing of Bank of Canada rate cuts, economists say
Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little concerned” as it figures out the right time to cut interest rates.
04.04 / 11:59
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Posthaste: Risks the Bank of Canada will hold off until July to cut interest rates just got higher
Just a week before the Bank of Canada decides on interest rates new evidence has some economists questioning their forecasts on the first cut — and this time it comes from the central bank itself.
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