FIVE Financial News

15.02 / 19:37

markets UPS FIVE Sustainability performer Profiles CPP fund closing in on $600 billion after stock market drives 3.4% gain

Roaring equity markets as 2023 drew to a close helped boost assets managed by the Canada Pension Plan Investment Board to $590.8 billion in the third quarter ended Dec. 31, up from $576.1 billion in the previous quarter.

15.02 / 19:33

markets FIVE SUN exclusive innovations patient Sun Pharma scouting for innovative therapies to boost India business

Sun Pharma, India's largest drugmaker, is betting on innovative therapies to fuel growth in an increasingly competitive Indian pharma market. The company launched novel therapy sovateltide under brand name Tyvalzi in September last year in India for treating ischemic stroke, under an exclusive licensing agreement from US-based Pharmazz. Sovateltide is generating good clinical outcomes on Indian patients, a senior executive said.

15.02 / 19:33

Citi FIVE Booking security PINK Highways International NARCL seeks Rs 2,700-crore funds to grow bad loan biz

debt to expedite the purchase of stressed loans, said people with knowledge of the matter. The ARC has initiated talks with private and government-owned banks to raise five-year debt, preferably in the form of non-convertible debentures (NCD). The ARC will use the funds to make cash payments to banks against the purchase of non-performing loans. NARCL offers 15% of consideration as cash payment, and balance 85% is paid in the form of security receipts paid on recovery of loans or at the end of five years or whichever is earlier. The fundraise would enable NARCL to acquire about ₹20,000 crore bad loans from banks. NARCL did not respond to ET's request for comments.

15.02 / 18:09

FIVE PRU President students Universities MoU signed to boost tie between Manipur and Thailand varsities

Manipur University of Culture (MUC), Imphal and Phranakhon Rajabhat University (PRU), Thailand with the key objective to boost relations between the two varsities. The historic deal was inked at the Samantanet Conference Hall of PRU in Bangkok, sources said. Among other points, the two varsities, in the MoU, agreed to co-create duel degrees or joint degrees or another programme, exchange academic staff and students, knowledge and education technology and cultural programmes .

15.02 / 17:20

FIVE Election President One by one le leaving INDIA bloc, they don't see any future: Ashok Chavan

ANI. Chavan further said that he left the Congress after observing the mood of the nation. Chavan quit Congress on Tuesday and joined the BJP in the presence of deputy chief minister Devendra Fadnavis. "In politics, you need to understand the mood of the nation.

15.02 / 14:59

Citi FIVE Football Barcelona 2020 reports Manchester United 2022-2023 squad the most expensive ever: report

Manchester United's squad for the 2022-23 season stood out as the most financially robust in the history of European football, according to a report published by UEFA, the governing body of European football. The "European Club Finance and Investment Landscape" report revealed that United invested just over 1.42 billion euros ($1.52 billion) in their squad for that season, surpassing the previous record held by Real Madrid, who had spent 1.33 billion euros in 2020.

15.02 / 14:21

markets IPO FIVE Digital Platform band International OTT platform Ullu Digital files DRHP with SEBI to raise funds via IPO; to list on BSE SME

₹10 each, according to the company's Draft Red Herring Prospectus (DRHP). The IPO does not have any offer-for-sale (OFS) component. Ullu Digital has reserved a portion of 3,15,600 equity shares of face value of Rs.

15.02 / 14:19

UPS FIVE Strategy NVIDIA Trade Pharmaceuticals stake Smaller AI firms surge after chip giant Nvidia discloses stake

By Medha Singh

15.02 / 12:21

markets FIVE CEO Platform Fighting wellness President Mercer Advisors welcomes five RIA industry veterans

Mercer Advisors has bolstered its executive team with five RIA industry veterans.

15.02 / 12:01

markets FIVE Digital CEO Platform students Schools TeamLease Edtech, NSDC enter partnership to foster employability through skill development

TeamLease EdTech and the National Skill Development Corporation (NSDC) have entered a partnership designed to foster employability through skill development by endorsing work-integrated degree programmes Digivarsity, TeamLease EdTech’s tech-first platform that integrates academic study with real-world work experiences, will now synergise with Skill India Digital, offering candidates enhanced access to higher education and employment opportunities.

15.02 / 11:58

UPS FIVE Art Dreams fun MDC International He spent millions collecting the rarest sneakers and cars. Now he’s over it.

Five years ago, during an idle afternoon at his lakeside vacation home in Ontario, Canadian financier Miles Nadal purchased 99 of the rarest sneakers in the world from Sotheby’s for $850,000. His wife was out wakeboarding with the kids, he was sitting at his computer, and suddenly he’d bought nearly 100 high-value shoes. Nadal recalled telling his wife simply, “I bought some shoes," as if he was describing buying a lone pair of Nikes from Zappos.

15.02 / 11:31

FIVE Art Manufacturing students Universities Schools International BITS Pilani launches design school

technology, business and entrepreneurship with the creative arts as part of its curriculum for future-ready design professionals, the institute said. BITS Pilani on Thursday announced a foray into design education with the launch of BITS Design School in Mumbai. The school will combine technology, business and entrepreneurship with the creative arts as part of its curriculum for future-ready design professionals, the institute said in a statement.

15.02 / 09:17

markets UPS Provident Target FIVE reports Sporting Top 5 stocks that mutual fund managers are buying aggressively

Mutual fund managers continued their robust equity purchases for the fifth consecutive month in December 2023, pushing their total net equity investments over ₹1.7 trillion in the calendar year. Fund managers bought equities worth ₹230 billion (bn) until 28 December compared to ₹180 bn in November 2023, data from the Securities and Exchange Board of India (Sebi) showed. With inflows into equity MF schemes remaining positive for the past 34 months, domestic MFs have emerged as a pillar of support for the stock market.

15.02 / 09:17

Citi FIVE security Software Food reports Kerala-based startups witness 40% surge in seed-stage funding in 2023: Report

Cash-strapped Dunzo promises to pay former staff by March-end Overall, the Kerala-based startups raised $33.2 million in 2023, an uptick of 15% increase from $28.9 million raised in 2022. However, the early-stage funding dropped 32% to $7 million in 2023 from $10.3 million in 2022. The Kerala startup ecosystem has not recorded any late-stage funding in the last five years.

15.02 / 06:29

UPS FIVE Action WhatsApp cover Courts Haldwani violence: Civil Court orders to confiscate property of nine miscreants

Haldwani Civil Court has issued orders to confiscate the property of nine miscreants, including Abdul Malik and his son, the alleged mastermind of the violence that broke out in Banbhoolpura town of Haldwani area following the demolition of an allegedly «illegal structure» as part of an anti-encroachment drive on February 8. The court has permitted the police to take action against all the accused under sections 82, and 83 of CrPC. Earlier on Tuesday, the civil court issued non-bailable warrants against all nine accused.

15.02 / 06:17

FIVE shooting Inside reports Courts Teen told 911 she ‘couldn’t control the urge to kill’ brother and dad: police

Nevada teenager Mashenka Reid has been accused of fatally shooting her father and younger brother, reportedly telling a 911 operator that she “couldn’t control the urge to kill” them.The slayings allegedly happened in the family’s Reno, Nev., home last Friday, according to a probable cause statement filed in the case and obtained by NBC affiliate KRNV.NBC reports that a neighbour called police shortly after 4 p.m. to report arguing and gunshots from a nearby residence.

14.02 / 20:05

FIVE Netflix CBS country Relationships Young Sheldon Season 7: When and where can the new season be streamed in all countries?

Young Sheldon" for its seventh season is set to air on CBS on Thursday, February 15, 2024, at 8 p.m. ET/5 p.m. PT. Following its television debut, episodes will be available for streaming on Paramount+ the subsequent day. The ensemble cast includes Iain Armitage, Jim Parsons, Zoe Perry, Lance Barber, Montana Jordan, Raegan Revord, Annie Potts, and Emily Osment.

14.02 / 19:41

Target FIVE Booking pandemic Trade information reports Lyft shares rocket 62% over a typo in the company's earnings release

Lyft shares jumped 62% after the bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that sent investors’ auto-trading algorithms — also known as “bots” — into a buying frenzy

14.02 / 19:17

UPS Citi Target FIVE Interviews International IGL seeks renewable energy assets as it looks to turn net zero

₹1,500-1,600 crore in (FY25). If an opportunity comes for acquisition either in renewables, city gas distribution (CGD) space or any other, then we have the cash," he said, however, adding that there is no proposal available currently. City gas distribution (CGD), biogas and LNG will remain the core focus of investment plans.

14.02 / 19:17

UPS FIVE track inclusion information 2020 Financial Centre plans skills for loans in financial inclusion schemes

₹25.51 trillion up to 6 October 2023. Stand Up India, launched on 5 April 2016, has sanctioned loans amounting to ₹47,073 crore to SC, ST and women borrowers till 24 November 2023.

14.02 / 17:55

FIVE security Pool show rock Investigations Rescue workers search for missing gold miners after Turkey landslide

By Can Sezer and Ceyda Caglayan

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