FIVE Financial News
03.04 / 12:25
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country
reports
Blackstone to invest $2 bn every year in India; wants quicker M&A clearances
private equity major Blackstone Group is confident of investing USD 2 billion annually in India, a top official said on Wednesday. Its chief operating officer Jonathan D Gray pitched for a slew of measures to improve the ease of doing business for firms like it in India, including quicker approvals on mergers and acquisitions, easier privatisation of listed companies, and improvements in dispute resolution in commercial matters. The New York-based group, which has been operational in India for nearly two decades, said Indian PE investments have delivered the highest return for it worldwide, and the investment in realty, which made it the largest landlord in the country, has also delivered well. «We plan to invest around USD 2 billion every year in India,» its senior managing director Amit Dixit told reporters here.
03.04 / 12:21
Target
FIVE
Fighting
Election
Pride
PM Modi to launch Lok Sabha Election campaign in Bihar tomorrow
Modi, who is running for a third consecutive term in office, is scheduled to address the rally around noon. BJP ally Chirag Paswan, who has handed over the mantle to brother-in-law Arun Bharti after having represented Jamui, a reserved seat, two times on the trot, has been effusive in his praise for the prime minister for the gesture.
03.04 / 11:53
FIVE
economy
Election
wellness
Interviews
politician
Manmohan Singh retires from Rajya Sabha: A look at ex-PM's 33-year-long journey in 5 statements
Manmohan Singh retired from Rajya Sabha on April 3 after serving 33 years in the Indian Parliament. Singh, 91, is credited for opening the Indian economy to global competition and regarded as architect of India’s economic liberalisation as Finance Minister in 1991. Later, Singh went on to become Prime Minister serving two terms between 2004 and 2014.
03.04 / 11:43
03.04 / 11:43
FIVE
Action
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Mobile
community
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President
Biden builds a domestic green army
Who says Rep. Alexandria Ocasio-Cortez has no influence? Her vision to mobilize a government Climate Corps to promote green politics is becoming a reality. President Biden wants to shrink the real Army, but his budget includes more than $8 billion for a domestic green political army.
03.04 / 09:27
FIVE
Election
WhatsApp
Shiv Sena (UBT) declares 4 more nominees; fields ex-MNS leader Vaishali Darekar-Rane from Kalyan
Shiv Sena (UBT) on Wednesday declared four more candidates for the upcoming Lok Sabha elections, fielding Vaishali Darekar-Rane from the high-profile Kalyan constituency, currently represented by state Chief Minister Eknath Shinde's son Shrikant Shinde. With this, the Uddhav Thackeray-led party has so far declared nominees for 21 seats in Maharashtra, which will vote in five phases starting April 19. Addressing a news conference, Thackeray also declared the candidature of Satyajit Patil, Bharti Kamdi and Karan Pawar from Hatkanangale, Palghar, and Jalgaon constituencies, respectively. Thackeray said if Maha Vika Aghadi (MVA) ally Congress is not keen on contesting the Mumbai North constituency, then his party will field a candidate from that seat.
03.04 / 09:27
markets
COST
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FIVE
wellness
Cycling
rights
We are very constructive on the entire real estate sector: Harish Bihani
«So, regardless of what happened in the past month when people got a little worried about the impact on mid and smallcap due to some notification by the industry body or by a certain other notifications, I guess on average you have a decent medium term time horizon. Things are looking fine to us, we have enough ample opportunities to invest and we are looking for ideas all across,» says Harish Bihani, Kotak Mutual Fund. Just to get a sense from you, this entire debate which everyone is having is it going to be the year of a complete reversal from a largecaps of their underperformance or is it going to be a year of the continued momentum in midcap and smallcap, what is your view on the same. I think from a US perspective it is very difficult for anyone to take a call whether it will be a largecaps’ year or a mid or smallcap year. If you have a longer time horizon like next three to five years across caps, across sectors there is enough opportunity in the market today which is what market and the market participants have recognised over the past few years and that has kept the market buoyant.
03.04 / 08:25
markets
FIVE
Parke
wellness
performer
information
testing
Mutual Funds: Stretched valuation concerns around small and midcaps - How should you react?
Also Read: FY24 Market Review: Nifty Midcap and Smallcap surged over 60%; check best-performing stocks Does stretched valuations warrant a total exit from the small and midcap space. There is no straight answer to this as the answers are based on the investment phase the investor is in and based on his/her risk appetite and liquidity requirement.
03.04 / 08:25
markets
FIVE
Platform
Strategy
Sustainability
inclusion
reports
WinZO Games posts ₹120-crore operating profit in FY23 after similar loss in FY22
₹120 crore in FY23, after positing a ₹120 crore loss in FY22, according to financials submitted to the Ministry of Corporate Affairs. Founded in 2018 by second-time entrepreneurs Paavan Nanda and Saumya Singh Rathore, WinZO Games saw its revenue surge 182% from ₹242 crore in FY22 to ₹687 crore in FY23.
03.04 / 08:25
Provident
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CEO
security
information
prevention
International
Stuck at checkout? How and why online payments fail and five ways to prevent it
online payment failures. Online payment failures can be exasperating for both customers and businesses. Here are five common reasons for online payment failures in India and ways to prevent them: Banks and payment gateways may undergo scheduled maintenance or face unplanned outages.
03.04 / 07:27
UPS
FIVE
Digital
Booking
security
Features
Five Reasons Why the HDFC Bank Regalia Gold Credit Card Offers the Ultimate Credit Card Experience
Regalia Gold Credit Card opens up a world of benefits and rewards, including a complimentary Club Vistara Silver Tier and MMT Black Elite membership on purchases of ₹1 lakh within 90 days of card issuance as part of welcome benefits. In addition, each time you hit a spend milestone, you can earn yourself vouchers from some of your favourite brands like Marriott, Myntra, Marks & Spencer, or Reliance Digital when you spend more than ₹1.5 lakh in every calendar year quarter.
03.04 / 07:03
Provident
FIVE
social
information
rights
Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes
income tax regime becoming the default option since FY 2023-24, taxpayers must comprehend the applicable income tax rates and slabs. Earlier on April 1, the Finance Ministry addressed confusion surrounding the new tax regime through a post on X (formerly Twitter).
03.04 / 07:03
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IPL 2024: Dale Steyn, Brett Lee, others laud Mayank Yadav's brilliant performance in RCB vs LSG, 'where have you been…’
ANI. Mayank Yadav was also awarded the Player of the Match. His remarable performance have ignited calls for him to be selected for this year's T20 World Cup beginning on June 1, five days after the IPL final.
03.04 / 06:49
COST
UPS
FIVE
Apple
Features
Toyota Urban Cruiser Taisor, a crossover of the Maruti Fronx, launched at Rs 7.73 lakh
Japanese automaker Toyota today announced the launch of Urban Cruiser Taisor in India. The Taisor, which is based on the Maruti Suzuki Fronx, has been priced at Rs 7.73 lakh onwards. This is the sixth model to be shared between the Maruti — Toyota partnership. The Toyota Taisor has been launched in two iterations with 1.0L turbo petrol engine and 1.2L petrol engine. The 1.2L version comes in manual and AMT versions with the top model costing Rs 9.52 lakh (ex-showroom). Toyota is also offering a CNG version of it. The 1.0L model's price starts from Rs 10.55 lakh and goes up to Rs 13.03 lakh — both ex-showroom.
03.04 / 05:33
markets
Citi
FIVE
Healthcare
Indus
hospital
reports
General Atlantic buys hospital chain Ujala Cygnus
General Atlantic, the US based private equity major has acquired Ujala Cygnus, a leading hospital chain in Northern India with a network of 21 hospitals serving Tier-II and Tier-III cities, said a press statement. Though the financial details are not disclosed, the deal has valued the chain at Rs1600 crore, according to sources. General Atlantic is set to acquire about 70% stake in Ujala Cygnus Healthcare Services, valuing the chain at about Rs1600 crore, ET reported in December 2023.
03.04 / 04:27
FIVE
security
economy
performer
country
reports
International
Half of adults globally are stressed about their finances, and inflation is a key reason
At least half of adults in a range of major economies report being stressed about their personal finances, and say inflation is one of the main reasons.
03.04 / 04:13
UPS
FIVE
Netflix
film
War
audience
'Testament: The Story of Moses' soars to No. 2 on Netflix Global Top 10 chart. Know more about miniseries
biblical docuseries 'Testament: The Story of Moses' has soared to No. 2 on the Netflix Global Top 10 chart. The three-part miniseries was released on March 27, 2024, and it got 13.5 million views in its first five days on Netflix. It was also praised for its artistic approach and treatment of biblical stories and its elements.
03.04 / 03:19
markets
UPS
FIVE
Gold extends record rally on safe-haven appeal, weaker dollar
Gold prices extended their record rally on Wednesday, buoyed by a weaker dollar and safe-haven demand from escalating tensions in the Middle East, while investors looked forward to more U.S. economic data for policy clues. FUNDAMENTALS
03.04 / 03:19
markets
FIVE
Reuters
Trade
Oil gains as market buffeted by supply worries
Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies. Brent futures for June delivery rose 20 cents, or 0.22%, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2%, to $85.32 a barrel, at 0015 GMT.
03.04 / 03:19
FIVE
security
Remark
Election
WhatsApp
President
Manmohan Singh, the hero of India's economic liberalisation, bids adieu to Rajya Sabha after three decades
Manmohan Singh (91) bid adieu to the Rajya Sabha today, marking the end of his remarkable three-decade-long tenure. AICC president Mallikarjun Kharge paid tribute to Singh's dedicated service, expressing admiration for his unwavering commitment to the nation. Kharge in a post on X wrote, «As you retire today from the Rajya Sabha after having served for more than three decades, an era comes to an end. Very few people can say they have served our nation with more dedication and more devotion than you. Very few people have accomplished as much as you for the nation and its people.» Prime Minister Narendra Modi some time back had also lauded his role as a member of the upper house and said his contributions would never be forgotten. Modi also said that Singh sometimes came to vote while being on a wheelchair, and that he did to strengthen democracy.
03.04 / 02:27
UPS
Provident
FIVE
Southern
wellness
Department
Biden administration approves the nation's eighth large offshore wind project
The Biden administration approved a new wind project off the Massachusetts coast Tuesday that is large enough it will provide more electricity than the state’s former coal-fired generating station
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