FIVE Financial News
30.03 / 07:45
FIVE
awards
President
country
reports
Bharat Ratna 2024: President Droupadi Murmu confers India's highest civilian award on PV Narasimha Rao and 3 others
President Droupadi Murmu to present Bharat Ratna Award today According to media reports, Bharatiya Janata Party (BJP) stalwart LK Advani will be given the Bharat Ratna award on Sunday. President Murmu will pay a visit to senior BJP leader LK Advani's residence and confer him with the prestigious award due to his ailing health condition. President Droupadi Murmu conferred Bharat Ratna upon agronomist MS Swaminathan.
30.03 / 07:45
markets
Target
FIVE
Booking
Research
Experts
recommendations
Shares to buy in FY25: Mid-cap, small-cap indices rebound from 3-month low. Top 5 stocks to buy for long-term
Stocks to buy in FY25: After touching a three-month low in mid-March 2024, the small-cap and mid-cap indices witnessed strong upside in the last fortnight of FY24. This has created a buzz in these segments when the Indian stock market resumes activities in the new financial year.
30.03 / 07:03
markets
Citi
FIVE
trends
performer
reports
India's office market witnesses strong tenant demand; records third-highest net absorption in five years
Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sft across top 8 cities in Q1-24, according to Cushman & Wakefield’s Q1 office data. This is the third-highest level recorded in the last five years, demonstrating a robust appetite for office space among businesses. Net absorption is a barometer of real demand or expansion of occupied space in the market. While this quarter’s net absorption was 38% lower than the exceptional Q4-2023, it was a 44% increase over Q1 2023, indicating continued space occupation by businesses. Bengaluru and Mumbai emerged as the leading markets, absorbing 3.6 mn sft and 2.5 mn sft of space, respectively. They were followed by Hyderabad at 1.6 mn sft, Delhi-NCR at 1.5 mn sft Pune at 1.3 mnsf, Ahmedabad and Kolkata at 1 mn sft, and Chennai at .8 mn sft.
30.03 / 06:51
Provident
FIVE
security
Dreams
social
rights
Congress will usher in 'Rozgar Kranti': Mallikarjun Kharge
Congress will usher in a 'Rozgar Kranti' by taking concrete steps to increase employment opportunities, enable entrepreneurship and realise the aspirations of the youth, party chief Mallikarjun Kharge said on Saturday. He said the Congress guarantees that the future of youth will turn from bleak to bright and reiterated the 'Yuva Nyay' guarantees which the party would implement if voted to power. In a post on X, he said, «The Congress party will usher in a 'Rozgar Kranti (employment revolution)' through Yuva Nyay guarantee! We will take concrete measures to increase employment opportunities, enable entrepreneurship and realise the dreams and aspirations of our youth.»
30.03 / 06:51
markets
Waves
FIVE
trends
Celebrity
show
country
Amrut: Investors want to raise a toast amid single malt whiskey wave and global cheers
Amrut Distilleries has seen investment interests from many but it has not considered to tinker with shareholding at a time when Indian single malt whiskey business is on an upswing amid a premiumisation drive in the country. Amrut has seen interests from many investors in recent times, Rakshit N. Jagdale, managing director, Amrut Distillers, told ET Online, without revealing further details. The company also hasn't considered to tap into the markets with D-Street listing as of now but the aim remains to increase exports and grab larger market share. The single malt whisky accounts for about 25% to 26% of Rs 500 crore annual turnover now and the share of this luxury category is expected to account for 35-40% of total turnover in five years, Jagdale added.
30.03 / 06:13
COST
FIVE
NVIDIA
Pinnacle
information
reports
Microsoft and OpenAI forge $100 bn plan for ‘Stargate’ Supercomputer, a game-changer in AI data centers: Report
AI data centers capable of handling increasingly complex tasks driven by the rapid adoption of generative artificial intelligence technology. According to the report, talks about the proposal indicate that Microsoft is poised to lead the funding, a move anticipated to far surpass the expenses linked with present data center operations by a considerable extent.
30.03 / 03:17
UPS
FIVE
Manufacturing
WhatsApp
Justice
inclusion
Japan expands its foreign worker visa programme for the first time since inception
Japan's demand for foreign labor has increased due to factors such as its declining birthrate and shortages in transportation and logistics industries. These shortages are expected to worsen with the implementation of new regulations limiting overtime hours for drivers starting in April, referred to as the «2024 problem.» The government aims to admit up to 820,000 foreigners under the skilled worker visa program over the next five fiscal years, beginning in April. This number is more than double the previous estimate for the five years leading up to fiscal 2023, which ended in March.
30.03 / 03:01
COST
FIVE
CEO
NVIDIA
information
reports
Microsoft, OpenAI plan $100 billion data-centre project, Stargate AI supercomputer: Report
AI-augmented web search is at our fingertips already The Information reported that Microsoft would likely finance the project, which is expected to be 100 times more costly than some of the biggest existing data centers, citing people involved in private conversations about the proposal. The proposed U.S.-based supercomputer would be the biggest in a series the companies are looking to build over the next six years, the report added. The Information attributed the tentative cost of $100 billion to a person who spoke to Altman about it and a person who has viewed some of Microsoft's initial cost estimates.
30.03 / 03:01
markets
Provident
Target
FIVE
Manufacturing
Analysis
Healthcare
Shifting dynamics: Top IT players navigate niche growth avenues
BENGALURU : Amid a year of turbulence for leading domestic IT service providers, smaller niche markets are emerging as promising avenues for sustained growth. However, while India’s top five IT companies are expected to benefit from it, midcaps and smaller exporters may face challenges as larger peers target their key markets.
30.03 / 00:39
markets
COST
FIVE
Align
War
International
Top jewellery chains shy away from lab-grown diamonds amid lack of consumer interest
Kalyan Jewellers, Tanishq, Malabar Gold & Diamonds, Joyalukkas and Senco Gold are staying away from lab-grown diamonds (LGDs) citing low demand and an aversion to mixing them with natural stones at counters. Nonetheless, the buzz over such stones — much cheaper than natural diamonds and indistinguishable from them — is getting louder, with higher sales in markets such as the US and government stimulus budgeted in India. Top retailers still feel the local market is not yet ready to accept LGDs like the US, as artificial diamonds are popularly considered fashion jewellery and not an asset with resale value.
29.03 / 20:57
FIVE
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Death
hospital
reports
Colleges
Post-mortem confirms Mukhtar Ansari died of cardiac arrest: Hospital source
post-mortem on gangster-politician Mukhtar Ansari confirmed that he died of cardiac arrest, a hospital source said on Friday. Ansari, a former MLA who had been booked in more than 60 cases, died Thursday night after he was rushed to the Rani Durgavati Medical College in Banda from the district jail, where he was lodged. Ansari's family has alleged that he died due to «slow poisoning» in the jail. A senior hospital source, who oversaw the post-mortem examination on Friday and had access to the report, told PTI on condition of anonymity, «The cause of death of Mukhtar Ansari was found to be heart attack (myocardial infarction).»
29.03 / 18:41
COST
FIVE
CEO
Entertainment
Enterprise
innovations
Zee slashes staff count at tech centre by half
Zee Entertainment Enterprises (ZEE) has terminated 50% of its Technology & Innovation Centre (TIC) staff in Bengaluru to optimise costs and boost its operating margin, the company said in a statement. ZEE has also restructured the TIC and streamlined its scope of work following the board's guidance. The ZEE board had recently asked the management team to reduce TIC expenditure by 50% from ₹600 crore for FY25. Under the new structure, the TIC plans to enhance its content creation, distribution, and monetisation processes by utilising technology-driven tools to gain deeper consumer preferences.
29.03 / 17:53
FIVE
Yellow
love
Universities
country
social
reports
Gold retains its gleam as a savings-investments tool — and its allure for personal consumption is growing
savings instrument and form of insurance all rolled into one in this country, it is the yellow metal that Indians love: gold. Every household in India — from those at the bottom-most rung of the income ladder to the super-rich — has some amount of gold. However, the ways in which this item is being consumed by different household segments are changing. Universal penetration: Over 87% households are gold-owners, and 1 in 2 households has purchased gold during the last five years. Rural consumers are significant users of gold, with 63% ownership. Gold and gold-related products investors in 2020-21 were to be found among 7% of destitute families (those earning less than ₹1.25 lakh annually at 2021 prices), 16% of aspirers (annual income between ₹1.25-5 lakh), 23% of the middle class (yearly income of ₹5-30 lakh) and 33% of rich households (those earning more than ₹30 lakh annually).
29.03 / 13:47
FIVE
Booking
Election
show
hospital
travelers
At 30, Mukhtar Ansari showed no fear of law: Delhi Police official who arrested him in 1993
Muktar Ansari, who died after suffering cardiac arrest on Thursday, revealed everything «fearlessly» and «confidently» about his crime when he was arrested by a team of Delhi Police Crime Branch in connection with a highly sensational case in 1993. The case pertained to ransom for kidnapping a businessman from Lutyens Delhi. «He was around 30-years-old then, full of confidence and showing no fear of law. That was a highly sensational case in those days,» recalled Ashok Chand, a retired Delhi Police officer, who led the team and ensured the safe rescue of the businessman from Panchkula at the Punjab-Haryana border, 250 kilometers away from Delhi. Ansari and his two associates had demanded a ransom of Rs 1 crore from the family members of the west Delhi-based businessman Ved Prakash Goel. The calls were made from a local phone booth of Panchkula, where they had hid Goel in a rented accommodation.
29.03 / 13:47
FIVE
security
Mobile
Software
Food
stage
Schools
ETtech Deals Digest: Startup funding in March falls 37% to $623 million
funding value of about $622.5 million in March 2024, down 37% from the same month a year ago. Startups across stages, mostly early and late, raised the funds across 63 rounds. In March last year, they had raised a total of $990 million across 133 rounds, as per Tracxn data. The funding winter was in full force by then, having begun from September 2022.
29.03 / 13:09
FIVE
Action
Bill
reports
Courts
Outgoing Lok Sabha has 44% MPs with criminal record; 9 accused of murder, 3 of rape | A party-wise breakup
Lok Sabha MPs analysed, 225(44%) MPs declared criminal cases against themselves. As many as 149 (29%) sitting MPs declared serious criminal cases against them. Some of these serious cases are related to murder, attempt to murder, communal disharmony, kidnapping and crimes against women.
29.03 / 11:29
FIVE
social
Videos
Hardik Pandya 'pushes' Lasith Malinga after MI vs SRH clash, sparks fresh outrage on social media | Watch
Hardik Pandya is habitual in disrespecting his seniors and connected it to the treatment of Rohit Sharma in the IPL franchise. In the video, Lasith Malinga can be seen moving towards Hardik Pandya to hug him, but the MI skipper seemed more eager to move ahead and shake the hand of Sunrisers Hyderabad player.
29.03 / 09:39
FIVE
WhatsApp
2020
Ipca Laboratories shareholders reject employees stock option scheme resolution
special resolution to grant stock options to eligible employees, key managerial personnel (KMP) and its whole-time directors, according to a regulatory filing by the company. The company through a notice of postal ballot dated February 14, 2024 had sought approval for three special resolutions, including consideration and approval of Ipca Laboratories Ltd Employees Stock Option Scheme 2024 for grant of stock options to eligible employees, KMPs and whole-time directors of the company. Except the resolution pertaining to approval of Ipca — Employee Stock Option Scheme — 2024, all the other resolutions placed before the shareholders as per the notice of the postal ballot dated February 14, 2024 have been passed by the requisite majority, Ipca Laboratories said in a filing on BSE.
29.03 / 08:33
FIVE
security
Basketball
country
information
recommendations
Courts
What Sam Bankman-Fried’s long stretch in prison might look like
Inmates can make ceramics or crochet at a federal prison in Lompoc, Calif. At a federal prison in Mendota, a few hours away, inmates can have a harmonica or play basketball on one of five facility courts. Those prisons represent possible landing places for FTX founder Sam Bankman-Fried, who will in coming months report to begin serving his 25-year sentence, imposed Thursday by U.S.
29.03 / 08:33
FIVE
security
Election
DAL
Lok Sabha Elections 2024: RJD gets 26 seats, Congress gets 9 in INDIA bloc's seat-sharing deal in Bihar
INDIA bloc parties in Bihar announced the seat-sharing formula for the upcoming Lok Sabha Elections on March 29. The Rashtriya Janata Dal (RJD) will contest 26 of the state's 40 Lok Sabha seats while the Congress will field candidates in nine seats. The Left parties will contest on five seats, as per the arrangement finalised.
29.03 / 08:33
markets
UPS
FIVE
security
classical
consequences
ICICI Securities delisting: A course correction better late than never
ICICI Securities (I-Sec) has been approved by over two-thirds of its public shareholders facilitating its transition into a wholly owned subsidiary of ICICI Bank. Notably, the listing in April 2018 did not yield any material benefit to the parent bank. Thus, the move seems like a course correction.
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