FIVE Financial News

Week Ahead: Inflation data, Q3 results, global cues among key market triggers this week The company is currently in the process of determining the exact number of employees who will be affected by the impending layoffs, according to a source familiar with the matter. An official announcement regarding the layoffs could be made as early as next week, coinciding with the company's earnings call scheduled for Feb.

Piyush Goyal, Commerce & Industry Minister, says “the more we are criticised, the more power this government and particularly Prime Minister Modi gets. We are an aspirational government. We are a hungry government, hungry as in not in the belly, but hungry for more. As they say in Hindi, yeh dil mange more, or dil jitna zyada mangega, utni zyada mehnat karega. The more you desire, the more you work hard for meeting those aspirations, those goals, and I think it is very fair to say that we have miles to go before we sleep and I would think till the last breath of every human being that should be the spirit.”

Raymond T Dalio, Founder, CIO Mentor, says “avoid indebtedness, debt assets, minimize the debt assets and then to diversify into various locations. No one asset class, no one country, no one currency should be concentrated in because of the nature of that. So, look at those good places and then look for good leadership. Dalio further says: “Should the United States weaken its currency status, other countries also will have weaker currencies and then there would be an emergence of alternatives such as most importantly likely gold or currencies that tend to depreciate together. If you have a lot of debt and the United States has a lot of debt that most importantly results in a lot of sales of debt, that money probably has to be printed. For the US dollar to lose its status relative to other countries would require another currency to become dominant. You always look at the world based on five factors – economy and credit, internal peace and conflict, external issues between countries, climate change and technology. If you have to look at the mechanics of the world, rather than giving an audience a fish to eat, if they have to know the trick of how to catch the next fish, how would you put your thoughts into play and explain some of these pointers, the number one being economy and credit? Raymond T Dalio: Yes, you are right.

Haldwani's Banbhoolpura region during an anti-encroachment operation aimed at demolishing an «unauthorized» madrassa and a prayer site, as per a directive from the high court. Presently, five arrests have been made. Law enforcement is scrutinizing CCTV footage to identify those involved in acts of stone pelting, vandalism, and arson. Security Reinforcement Requested Chief Secretary Radha Raturi dispatched a missive on Saturday evening to the Union home secretary, urging the dispatch of four additional Central Armed Police Force (CAPF) companies to Haldwani «to uphold the law and order situation.»

Uttarakhand government on Saturday demanded four extra units of central paramilitary forces to help control the law and order situation in Banbhulpura, Nainital, following recent violence that erupted during an anti-encroachment operation led by the district administration. Here are the top ten updates: 1. As reported by ANI, in a letter written to the Union Home Secretary on Saturday, Uttarakhand Chief Secretary Radha Raturi said, “In view of the encroachment drive on 08.02.2024 in Malik ka Bagicha under the Banbhulpura police station area of Haldwani city of Nainital district, continuous attempts are being made by anarchist elements to impact law and order, hence there is a need for 04 companies of additional paramilitary forces." 2.

Taiwan's defence ministry said on Sunday it had detected eight Chinese balloons crossing the Taiwan Strait in the previous 24 hours, of which five flew across Taiwan, the second day in a row is has reported a large number of balloons. Taiwan, which China claims as its own territory despite the strong objections of the government in Taipei, has complained since December about the balloons, saying they are a threat to aviation safety and attempt at psychological warfare. In its daily report on Chinese military activities, Taiwan's defence ministry said it spotted the first balloon on Saturday morning and the last one mid-afternoon, having spotted the same number of balloons on Friday.

Finance minister Nirmala Sitharaman Saturday said lack of leadership lay at the heart of the "scam-driven" United Progressive Alliance (UPA) government as well as mismanagement of the economy during its tenure. Congress party chief Sonia Gandhi ran the government as «super Prime Minister» without being accountable, she said. «Sonia Gandhi-ji was the super Prime Minister as the chairperson of the National Advisory Council and an extra-constitutional and unaccountable person,» Sitharaman said in her reply to a short-duration discussion on the white paper on the Indian economy in the Rajya Sabha. The white paper was presented in Parliament on February 8.

Love Is Blind" season 6 on Netflix is all set to return. After the first five seasons, the reality show will move to Charlotte, North Carolina. «Love is Blind» season 6 will have 30 contestants and the show's hosts will be Nick and Vanessa Lachey, as per a report in collider. The sixth season of «Love is Blind» will be released on February 14 on streaming giant Netflix.

Manchester United are taking on Aston Villa in Premier League match on Sunday. Aston Villa are at the fifth place with 46 points off 23 games. Manchester United are at the sixth position with 38 points from 23 matches. Manchester United won three and drew one in their last league matches. Villa secured two wins in their last five matches.

magisterial probe was ordered on Saturday into the February 8 riots after the demolition of an «illegal» madrassa in Haldwani, while curfew was lifted from the outer areas of town but remained in force in Banbhoolpura, the epicentre of the mob violence. Police said they have begun a search for Abdul Malik who had built the structure. Internet services remained suspended in the town to prevent rumours from spreading through social media platforms. Police patrolled the affected areas as streets wore a deserted look and shops and schools remained shut. Three FIRs have been registered and five persons arrested so far in connection with the violence, Nainital Senior Superintendent of Police Prahlad Meena said at a press conference here.

Arsenal’s greatest players were divided over the celebrations that followed last weekend’s vital win over Liverpool at the Emirates. Ian Wright was quite justifiably outraged that a few fist-pumps from Mikel Arteta and Martin Odegaard taking a picture of a photographer dominated the post-match discourse. “Why is everybody trying to kill the joy? Don’t kill the joy,” the legendary striker pleaded in a video posted on social media. “There’s so much of the season to go. As soon as Arsenal do anything, they just come under a pileon. It’s like we can’t have any joy....the hatred is just so intense.”

Uttarakhand government on Saturday ordered for a magisterial probe into the February 8 incident of violence in Haldwani's Banbhoolpura area. The order was issued by the chief secretary Radha Raturi. The probe will be conducted by the Commissioner, Kumaon region, Deepak Rawat. Rawat has been asked to submit his report within 15 days. Banbhoolpura area witnessed arson, besides attack on the police and government officials. At least five persons died while several others received injuries in this incident which erupted after the team of administration reached Banbhoolpura area to clear encroachment from government lands. During the anti-encroachment drive, a Madarasa, which was said to be illegally built on government land, was also demolished. A mob started pelting stones and lobbying petrol bombs on the administration's team. The administration has termed the incident as «planned conspiracy» to attack the policemen as well as other government employees who were part of the team of the administration to remove encroachments from the government land in the area.

17th Lok Sabha, which many generations had long waited while game-changing reforms in the period laid the foundation of a strong India. Speaking on the last day of the 17th Lok Sabha, Modi talked about repeal of Article 370 and the passage of women's reservation bill and said the last five years were a period of reform, perform and transform with the country moving towards «big changes» at a fast pace. Touching on the discussion on the Ram temple construction in Lok Sabha and the House's adoption of a laudatory resolution on the development, Modi said it will give constitutional strength to the future generations to feel proud of the country's values.

BSE Sensex logging a marginal weekly decline. However, the broader S&P BSE Smallcap index hit its fresh record high last week at 46,821.39, driven by gains in stocks such as Olectra Greentech, Balaji Telefilms, Jaiprakash Power in the last five days.

₹3,075 crore worth of Indian equities and the total inflow stands at ₹12,590 crore as of February 9, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. "The FPI investment trend of selling in equity and buying in debt witnessed in January is continuing in February. Through February 9, FPIs had sold equity for ₹3,074 crore and bought debt worth ₹15,093 crore.

Bengaluru-based Ola Electric became the first two-wheeler EV-maker to become eligible for the PLI scheme as its S1 Air scooter received DVA. The two products are now eligible for various subsidies offered by the government for the next 5 years.

ALSO READ: PM Modi banters with MPs during surprise lunch, reveals he sleeps for 3.5 hours, doesn't eat after 6 pm Speaking in the Lok Sabha on Saturday, PM Modi said, "All the honorable members of the House have played an important role in the entire process. It is time that I congratulate all the honorable MPs, both as the leader of this House and as your friend." He said the 17th Lok Sabha set many benchmarks. "These five years were about reform, perform, transform in the country.

UXLINK,  a leading Web3 social platform and infrastructure with the unique “social acquaintance” and “Group”model, has officially launched a new feature for managing multiple wallets and multi-chain assets. This update was launched on February 2, in partnership with the OKX Web3 wallet. Reports indicate that within just five days of launching this campaign, over 100,000 OKX Web3 wallet addresses were created and linked to UXLINK. These wallets have 50%+ deposit rate, with an average asset value exceeding $140 in equivalent tokens, or 8 million in total. The user base is truly global, spanning countries like Vietnam, Indonesia, Nigeria, Europe, the Middle East and more. Cheers, the great UXLINK community

Canada’s newest centenarian has two tips for longevity.

PM Modi stressed on the success of various government schemes and said because of such works, the nation recognizes the meaning of Modi's guarantee. 2. He interacted with a housing scheme beneficiary Ashaben and asked her if she liked her new house and if it was made as per her expectations.

Uttar Pradesh Legislative Assembly on Saturday gave its nod to the Uttar Pradesh Lift and Escalator Bill, 2024 and Uttar Pradesh Lokayukta and Up-Lokayukta (Amendment) Bill, 2024. With the Bill in place, now it will be mandatory to obtain registration for installation of lifts and escalators. Meanwhile, the second Bill was also passed under which a provision has been made to reduce the tenure of the Lokayukta and the Up-Lokayukta from eight years to five years.