FIVE Financial News
22.03 / 07:27
UPS
FIVE
economy
Enterprise
2020
reports
Number of startups in India to double to 2.4 lakh by 2030: Report
startups projected to double from 1.2 lakh in 2023 to 2.4 lakh by 2030, as per a report by executive search firm Longhouse, The Times of India said. This growth is expected to drive a surge in high-value enterprises, with the number of unicorns, or startups valued at over $1 billion, likely to increase from 120 currently to 280 by the end of the decade. The expansion is also expected to significantly impact employment, with startups contributing to both direct and indirect job creation across key sectors. Startup-led employment to touch 50 million
22.03 / 06:07
Provident
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community
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consequences
4% reservations in govt contracts against law, Congress will face consequences: Anurag Thakur
Speaking to ANI, Thakur said, «Congress believes in the politics of appeasement, Divide and Rule. At the direction of Rahul Gandhi, the play staged by Karnataka Congress leaders clearly shows that to gain Muslim votes, a 4 per cent reservation is being given in government contracts.» He claimed that the Karnataka government's decision to provide 4 per cent reservation to minority contractors is against the law and added that they will have to face consequences. «This is against the law, and they would also have to face the consequences. Congress has not learnt anything even after so many defeats,» Thakur said. The Karnataka state cabinet approved an amendment to the Karnataka Transparency in Public Procurement (KTPP) Act, which aims to provide 4 per cent reservation in tenders to Minority contractors.
22.03 / 06:07
FIVE
security
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peace
Get ready for space war: US says China, Russia have deployed jammers in space, Beijing practicing satellite dogfighting
China is practicing satellite dogfighting in space, according to CNN. The report, quoting the US Space Force, also said that China and Russia have deployed jammers in space. According to CNN, Gen. Michael A. Guetlein, vice chief of space operations for the US Space Force, revealed that they have observed five Chinese satellites maneuvering around each other in a coordinated manner—a practice he described as dogfighting in space. These included three Shiyan-24C satellites and two Shijian-6 05A/B experimental satellites.
22.03 / 03:09
markets
Citi
FIVE
Sustainability
trends
cover
reports
EV insurance demand surges 16x in just 3 years, Delhi-NCR leads with 18.3% market share: Report
Policybazaar. The private sector insurer said in a report that the share of insurance policies for EV cars, which stood at a mere 0.50 per cent in FY23, has expanded to 14 per cent in March 2025, standing at 8.2 per cent Observing the evolving trends, Amit Chhabra, CBO of General Insurance at Policybazaar said, «The accelerating adoption of EV insurance signals India's shift toward sustainable mobility. With EV insurance share growing nearly 16-fold in just three years, consumers are not only adopting electric vehicles but also recognizing the need for tailored protection.»
22.03 / 03:09
UPS
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Action
President
peace
Ban on Awami Action Committee unjustified, advocated peace and dialogue, opposed all forms of violence: Mirwaiz Umar Farooq
Mirwaiz Umar Farooq on Friday said that the ban on his Awami Action Committee was unjustified based on unfounded allegations as the party since its inception has advocated the politics of outreach, dialogue and resolution and opposed all forms of violence. Mirwaiz addressed Friday congregation at historic Jama Masjid in Srinagar, for the first time since his organization AAC was banned by the Ministry of Home Affairs on March 11, for five years. The ban was imposed for allegedly fuelling anti-India propaganda and secessionism in J&K.
21.03 / 19:51
FIVE
Dreams
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MetLife
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concert
Jonas Brothers MetLife concert 2025: All you need to know about date, tickets and JonasCon
Jonas Brothers announced their comeback with a 2025 world tour at their New Jersey hometown. The Jonas 20: Living the Dream Tour will commence on August 10 at the MetLife Stadium located in East Rutherford. The band announced the news on Good Morning America during a discussion on their two-decade-long career in the music industry. During the Good Morning America interview, Joe Jonas recalled how the group performed in small clubs after their dad transported them to each show. After twenty years, the band has scheduled their largest tour to date.
21.03 / 19:51
FIVE
Dreams
track
singer
pop
Sabrina Carpenter becomes 1st person since Taylor Swift to achieve this record
Sabrina Carpenter has achieved her fifth No. 1 hit on Billboard’s Pop Airplay chart with her track Bed Chem. The 25-year-old’s album Short n’ Sweet is the first in nearly a decade to achieve at least four No. 1 songs on the chart since Taylor Swift’s 1989 in 2014-15. The Taylor Swift album had five hits on the Billboard Pop Airplay chart.
21.03 / 16:11
FIVE
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Strategy
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Colleges
Struggling with jobs after graduating college? Tech CEO says the problem will continue unless you...
«Entry-level IT developers will have a tough time landing a job in 2025. If you have just graduated from college, focus on building live products and make them open source. That’s the only way you can showcase your talent and land a job,» said Udit Goenka. India’s $254-billion IT sector, long a global powerhouse, is witnessing a shift in how it operates as automation and evolving technologies redefine its growth strategies.
21.03 / 12:29
markets
UPS
FIVE
economy
Tesla
MSCI
BYD’s charm? At $1.2 billion, FII flow into China largest in last 5 months
Chinese equities this week — the largest weekly inflow since October 2024 — as blockbuster rallies in electric vehicle giant BYD and Chinese AI firms reignited confidence in China’s market rebound, driving global fund managers to ramp up their bets on Asia’s biggest economy.
21.03 / 09:45
FIVE
WhatsApp
International
CBI arrests senior GM of Power Grid Corporation of India for allegedly taking Rs 2.5 lakh bribe
Power Grid Corporation of India, for allegedly taking a bribe of Rs 2.5 lakh from an executive of Mumbai-based KEC International to extend favours to the company, officials said on Friday. Kumar, posted in Rajasthan's Ajmer, was arrested on Thursday along with Suman Singh of KEC International in Sikar where both had agreed to meet for alleged exchange of the bribe amount, they said.
21.03 / 08:45
UPS
Citi
FIVE
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Features
L&T shares rise 2% after winning orders worth up to Rs 5,000 crore from Brigade Group
Brigade Group for residential and commercial projects in Hyderabad and Chennai. L&T’s Buildings & Factories (B&F) vertical won the orders, which the company classifies as “large” with a value ranging between Rs 2,500 crore and Rs 5,000 crore. The order marks the largest residential project received by L&T from a private customer, the company said in a stock exchange filing on Friday.
21.03 / 05:55
FIVE
Google
security
Software
voice
2020
Google’s cybersecurity deal spins tiny investment into $4 billion windfall
Subscribe to enjoy similar stories. Shardul Shah got the call he had been waiting for on his 37th birthday in January 2020. A promising Israeli cybersecurity founder that he had been asking for years to launch a company was in need of funding.
21.03 / 04:21
markets
COST
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Waves
FIVE
Racing
₹14,000 per month weight-loss shot is here to cash in on India’s obesity crisis
But, but, but… India’s obesity problem is no small fry, and Big Pharma is racing to cash in. With Eli Lilly launching Mounjaro ahead of Novo Nordisk's Wegovy, weight-loss drugs are heating up the market. Meanwhile, PM Modi has waved the red flag on India’s rising obesity crisis— 440 million people could be obese by 2050! This is “huge and scary.” With the economic burden projected to hit a staggering $838.6 billion by 2060 eating up 2.5% of India's GDP. Is India ready for the weight-loss drug wave?
21.03 / 03:41
markets
COST
FIVE
Healthcare
performer
hospital
Pharmaceuticals
Fund Manager Talk | Growth of hospitals will outpace pharma companies: Shibani Kurian
As many hospitals are planning to double their capacity over the next three to five years, Shibani Kurian, Head — Equity Research and Fund Manager, Kotak Mahindra AMC, estimates that the growth of hospital companies will outpace that of diagnostics and pharmaceutical companies. In this interview with ET Markets, Kurian also talks about investing in pharma stocks amid Trump's tariff threats. Edited excerpts from a chat:
21.03 / 02:55
markets
Citi
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Invesco
reports
Interviews
China's property market edges toward an inflection point
BEIJING — UBS analysts on Wednesday became the latest to raise expectations that China's struggling real estate market is close to stabilizing.
21.03 / 00:47
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Sustainability
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Best stock recommendations for 21 March by MarketSmith India
Subscribe to enjoy similar stories. Afcons Infrastructure Ltd: Current market price: ₹470 | Buy range: ₹460–474 | Profit goal: ₹540 | Stop loss: ₹444| Timeframe: 2–3 months Gujarat Fluorochemicals Ltd: Current market price: ₹ 4,004.2 | Buy range: ₹3,960–4,040 | Profit goal: ₹4,850| Stop loss: ₹ 3,750| Timeframe: 2–3 months India’s benchmark index, Nifty 50, extended its winning streak to four consecutive sessions, reclaiming the 23,200 level on Thursay, 20 March.
20.03 / 23:47
markets
COST
FIVE
Trade
electronic
2020
Mint Primer | Warren Buffett says konnichiwa to Japan: Why?
Subscribe to enjoy similar stories. The billionaire-led Berkshire Hathway earlier this week disclosed it had increased its shareholding in Japan’s five biggest trading houses. The Omaha-based conglomerate hiked its stake in Mitsui to 9.82%, in Mitsubishi to 9.67%, in Itochu to 8.53%, in Marubeni to 9.3% and in Sumitomo to 9.29%.
20.03 / 19:57
markets
Provident
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Progressive
Manufacturing
CEO
Enterprise
Hindalco eyes 40% of its earnings from downstream ops in 4 years: Satish Pai
Hindalco's downstream operations are likely to bring in as much as 30-40% of the company's earnings before interest, tax, depreciation and amortisation in three-four years, its chief executive told ET. These operations — copper, downstream aluminium and speciality alumina — currently account for about 10% of the company's Ebitda, Satish Pai said. Once this mix changes, Hindalco's downstream businesses are likely to have an enterprise value of 8-9 times their Ebitda, while the upstream business may continue to be valued at six times. «In India, the downstream players are valued much higher. So that is where the whole game is,» Pai said. Capital-intensive sectors such as metals are generally valued using the EV/Ebitda valuation. Hindalco, a $26 billion company and the world's largest producer of aluminium by revenue, on Thursday unveiled a new brand identity, terming itself an engineered solutions provider instead of a materials supplier. «Hindalco's new identity reflects our role as a catalyst for change, a problem solver, and a co-creator of new solutions that power progress across industries,» chairman Kumar Mangalam Birla said at the launch.
20.03 / 19:57
COST
FIVE
Aware
Healthcare
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prevention
You can get a shot for speedy weight loss at Rs 14k a month
Eli Lilly on Thursday introduced its globally popular anti-diabetes and obesity drug Mounjaro (tirzepatide) in India, kicking off a raft of planned launches in this therapeutic area over the next few months. At the starting dose of 2.5 mg, the drug will cost Rs 14,000 a month, a company official said. The 2.5 mg vial and 5 mg vial will be available at Rs 3,500 and Rs 4,375, respectively. A spokesperson said as Mounjaro (tirzepatide) is a prescription-based product, the treatment plan is determined by a healthcare professional and varies for each individual. Eli Lilly will sell only Mounjaro for both obesity and diabetes in India unlike Zepbound, which is the prescribed obesity drug in the US. The key ingredient tirzepatide is the same for both brands. «The dual burden of obesity and type 2 diabetes is rapidly emerging as a major public health challenge in India,» Winselow Tucker, president and general manager, Lilly India, said in a statement. «Lilly is committed to collaborating with the government and industry to promote awareness and improve the prevention and management of these diseases.»
20.03 / 19:57
markets
UPS
Provident
FIVE
Trade
country
reports
Bain Capital set to jointly own Manappuram Finance
Manappuram Finance and become joint owner of the shadow lender that's the country's second-largest gold loan company. The acquisition will take place through a primary infusion and a secondary sale of shares by the current promoter family, led by managing director and chief executive officer VP Nandakumar, the companies said in a press release. He and his family own 34.73% of the non-banking finance company (NBFC). As part of the transaction, Bain Capital entities-BC Asia Investments XXV and BC Asia Investments XIV-will invest ₹4,385 crore to acquire an 18.6% stake via preferential allotments of equity and warrants at ₹236 per share, a premium of about 30% over the six-month average trading price. The transaction will trigger a mandatory open offer for the purchase of an additional 26% stake on an expanded capital basis (excluding warrants).
20.03 / 14:59
FIVE
Assurant
security
TikTok
social
hospital
Videos
Gen Z boss praised for refusing paid leave requests - but employees are thanking her for it
Gen Z manager from Virginia has sparked widespread discussion online after revealing her unconventional stance on paid time off (PTO). Rather than making employees use their vacation days for emergencies, she insists that PTO should be reserved for rest and relaxation. Her leadership approach has earned her praise on social media, with many calling it a refreshing change in workplace culture.
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