FIVE Financial News

Global equity funds have experienced a significant surge in inflows, amassing approximately $59.5 billion over the past four weeks, marking the most substantial increase since February 2022, as reported by Bank of America.

A man who succeeded in using a New York City housing law to live rent-free in an iconic hotel has been charged with fraud after he claimed to own it

South African Tourism Board on Friday said it is expecting to welcome 1 lakh tourists from India this year, breaching the pre-COVID level. It is focusing on travellers from tier II cities to tap the huge potential in the smaller cities. Click & check your eligibility for immigration Find out «We hosted over 79,000 Indian travellers in 2023, which is 82 per cent of the pre-Covid levels. In 2019, 95,000 Indian visitors travelled to South Africa, and this year, we are expecting the footfalls from India to cross 1,00,000 tourists.

MOSCOW (Reuters) — The Russian rouble weakened on Friday after the federal prisons service said jailed opposition politician Alexei Navalny was dead. The central bank's decision to hold its key interest rate at 16% also nudged the currency lower.

Motilal Oswal Financial Services (MOFSL). Domestic cyclical such as autos and financials, along with global cyclical (i.e., metals and Oil & Gas) drove the beat. Technology posted a marginal decline in earnings, its first in 26 quarters, the brokerage firm added.

Adani Enterprises are almost back where they were. At Tesla, the governance mess is one explanation for a roughly 20% fall in the stock this year, even as the likes of Microsoft and Nvidia, fellow members of the Magnificent Seven, have risen.

NDTV report, in a forensic investigation, the police found the venom of two species of snakes -- cobra and krait -- in the samples taken from Yadav's party. Yadav, a YouTuber and Bigg Boss OTT 2 winner, had attended the rave party in November 2023 in Noida. The party was raided by the police on suspicion that snake venom was being used for intoxication by the guests.

By Elena Fabrichnaya and Alexander Marrow

Stock market today: Ok Play India shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. At this time, the small-cap stock with a market cap of ₹537 crore has risen from around ₹61 to ₹187.05 per share level, delivering over 200 percent returns to its long-term positional investors. However, it seems that the small-cap multibagger stock still possesses some upside potential.

Ashwin, an off-spinner who began the Test on 499 wickets, dismissed opener Zak Crawley for 15 in Rajkot. He is only the second Indian to reach the milestone after fellow spinner Anil Kumble (619). The spin maestro became the second Indian, after former spinner Anil Kumble, and ninth overall to take 500 wickets in Test cricket.

₹1 lakh crore in March from ₹80,000 crore as of December-end on the back of buoyancy in the equity market and increased fund flow, reported Business Line. Rajnish Narula, CEO, Canara Robeco MF, said the industry is poised for a steady growth for the next five years given the overall bullish sentiment in the equity market and enabling government policies that have ensured all segments of the economy participate in India’s $5 trillion GDP target. The steady inflows into the mutual fund house is a reflection of investors’ faith in the industry and Canara Robeco will hit the milestone of achieving ₹1-lakh crore-mark by end of this March, he said while launching New Fund Offer of Manufacturing Fund.

The National Pension System (NPS) stands as a valuable asset in financial planning, particularly for retirement purposes. Despite its substantial advantages, private sector individuals, unlike government employees, are required to opt for participation and personally handle their contributions. Nevertheless, a notable distinction exists in contribution limits for government and private sector employees. 

quarter for India Inc as most companies reported better-than-expected numbers for the three months ended December, triggering further upgrades in earnings. Earnings of companies that are part of the Nifty 50 grew by 17% year-on-year (YoY), against expectations of an 11% growth, according to Motilal Oswal Financial Services.

mutual fund scheme, investors often weigh a number of pros and cons. Some of the key factors include the reputation of the fund house, category of scheme, overall market sentiment and historical performance of that mutual fund vis-à-vis other schemes in that category. Although it is emphasised that the performance is not a guarantee of future returns, however, retail investors invariably take investing decisions primarily based on the scheme’s past performance.

(This Feb. 15 story has been corrected to change the launch date from 'March' to 'spring' in paragraph 5)

Assam based Numaligarh Refinery Limited (NRL) is executing its mega project of laying of a cross country pipeline of 1635 km from Paradip Port in Odisha to Numaligarh along with expansion of its refinery from 3.0 MMTPA to 9.0 MMTPA, as part of ‘Numaligarh Refinery Expansion Project (NREP)’. The prestigious NREP Project is the single largest Investment in Northeast India as part of Government of India’s ‘Hydrocarbon Vision 2030 for North East India’. The pipeline passes through five States traversing numerous enroute crossings including all major rivers of East India, namely Ganga, Jia Bharali, Subansiri, Brahmaputra through a technique called Horizontal Directional Drilling (HDD) with intersection. Subansiri River, which connects Lakhimpur in the North and Majuli in the South side, is one of the of the most challenging HDD sites due to its complex 3510-meter-long profile length for a 26-inch diameter pipe.

Additionally, Sonia Gandhi has mentioned her share in her ancestral property in Italy, which is currently valued at over Rs 26 lakhs. She possesses 88 kg of silver and 1267 grams of gold and jewelry. Furthermore, Sonia Gandhi owns three bighas (2529.28 square meters) of agricultural land in Dera Mandi village, New Delhi. The market value of this property is estimated to be Rs 5.88 crore at the current market rate. In terms of income, she receives a salary as an MP, royalty income, interest on bank deposits, dividends from mutual funds, and capital gains. She also receives royalties from various publishers, including Penguin Book India, Oxford University Press, Ananda Publishers, and Continental Publications. The affidavit mentions a royalty receipt of Rs 1.69 lakh from Oxford University Press.

Zerodha Mutual Fund on Friday announced the launch of Zerodha Gold ETF. The scheme is an open-ended, simple and low-cost ETF to take exposure to gold. The new fund offer (NFO) of the scheme is open for subscription and will close on February 21. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under the NFO. The fund is expected to be listed on NSE and BSE exchanges by March 1, 2024.

SBI General Insurance aims to raise ₹700 crore in subordinated debt even as its equity valuation soars past ₹30,000 crore, surging two-and-a-half times in just more than five years. Despite its solvency margin of 1.9, the company is raising debt to fund expansion. «We have been growing at 23%, which is significantly faster than the market growth rate of 13%,» said Kishore Kumar Poludasu, MD, SBI General Insurance.

Bayern was reduced to 10 men midway through the second half after the German club failed to capitalize on a series of chances. «It's been a tough week,» Bayern striker Harry Kane said. «We started well and had some clear chances. I had one, Jamal (Musiala) had one, Josh (Kimmich) had one from the edge of the box. In these games, those are big moments which we weren't able to take.» Kane was set up by Thomas Muller directly in front of the goal seven minutes in but missed high with a half-volley. «They're the ones you want and I just leaned back,» Kane said. «That's football and part of being a striker: you're going to miss them now and again. The main thing for me and the team is to focus on the next challenge. We're in a difficult spell, there's no hiding that. We're not out of it and we'll never give up. One spark can change a lot and we need to try to find that.»

Cetera has bolstered its wealth advisor network with the addition of a South Carolina-based financial planning practice.