FIVE Financial News

Worldcoin has recently announced the launch of its World ID verification services in Singapore. This marks a significant milestone in the expansion of the company's identity verification technology. Utilizing the Orb, a custom hardware device, participants can now easily verify their unique humanness. This launch is particularly notable as it comes after Worldcoin scaled back its operations in India​​​​​​.

most powerful passport list for 2024, with citizens allowed to travel to 62 countries without a visa. The country shares its rank with Uzbekistan, while the neighboring nation Pakistan is positioned at 101 spot. Singapore and Japan have boasted the world’s most powerful travel documents for the last five years, granting their citizens access to more countries without a prior visa than anyone else.

During a recent shopping expedition, we encountered a consumer offer that turned the concept of present-value of money on its head. We were looking to buy a refrigerator and were informed that if we opted for a no-cost six month equated monthly instalment (EMI) plan, we would get a discount. No such discount was available on making the full payment instantly.

Standard deduction is one of the most widely used deductions as salaried taxpayers can claim it without making any investments. There has been a longstanding demand to increase the standard deduction limit. The demand has become louder after standard deduction was made a part of the new income tax regime last year. It has been almost five years since standard deduction was revised; the previous instance was in 2019. Though 2024 will see only an interim budget, middle-class taxpayers are eagerly hoping Finance Minister Nirmala Sitharaman will roll out some tax sops. Will the Budget 2024 raise standard deduction from Rs 50,000? This is what experts are saying:

The Adani Group said it will invest $24 billion in Gujarat over the next five years creating 100,000 jobs. 100 countries participating Reliance Industries Ltd (RIL) proposed India's first carbon fibre facility at Hazira together with a green energy giga complex on 5,000 acres in Jamnagar in 2024. Addressing a packed Mahatma Mandir convention centre in Gandhinagar on Wednesday morning, Prime Minister Narendra Modi said India would be one of the top three global economies in the coming years. “The world looks at (India) as an important pillar of stability, a trusted friend, and an engine of growth in the global economy,” Modi told an elite gathering of corporate leaders and heads of state, including United Arab Emirates (UAE) president Mohamed bin Zayed Al Nahyan, Timor-Leste president José Ramos-Horta and Mozambique president Filipe Nyusi. “In the rapidly changing world order, India is moving ahead as Vishwa Mitra (friend of the world),” Modi said.

Most Democrats at a House hearing Wednesday expressed support for a Department of Labor investment advice rule proposal that has come under fierce attack from Republicans and financial industry opponents.

Prem Watsa, who helms the $84 billion Toronto-based investment giant Fairfax, reiterated his commitment to India, hailing the country's economic prospects. Fairfax's investment plans for India are on track despite macroeconomic headwinds, he said. «India has got one big advantage — two-thirds of the economy is consumer-oriented,» Fairfax Financial Holdings chairman Watsa told ET.

NEW DELHI : Union finance minister Nirmala Sitharaman’s pre-election budget is set to focus on welfare schemes for five key sections of society—women, poor, youth, farmers and tribals—as the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) aims a third term in office on the back of Prime Minister Narendra Modi’s promise of inclusive growth. Accordingly, allocations for existing schemes for these sections of the society are likely to see an enhancement while new schemes may be announced, two persons privy to discussions in the government said.

Large and mid-cap equity mutual funds: This category of mutual funds provides sustainable growth with moderate risk. It invests in large-cap companies, well-established and ranked from 1-100th among the top listed companies. Additionally, it includes mid-sized companies with rankings from 101-250th among listed companies, offering expansion potential.

Competition among prospective bitcoin exchange-traded fund issuers intensified as companies slashed fees further in a bid to make products more attractive to investors ahead of a regulator’s decision on their future.

NEW DELHI : Akumentis Healthcare Ltd has launched a cannabis plant-based medicine in the market to treat seizures in toddlers. The drug, approved by the Drug Controller General of India, is specifically formulated to address seizures associated with Lennox-Gastaut Syndrome, Dravet Syndrome, or Tuberous Sclerosis Complex, the company said.

viksit' (developed) status by 2047, marking a century of independence. This period, termed India's 'Amrit Kaal', aligns with national developmental goals.

SJVN Ltd have had an impressive run lately. In the past six months, the stock has gained about 94% to ₹91 apiece. Apart from being a key hydro power generator, the government’s increased thrust on adopting renewable energy can help SJVN increase share from solar and wind power.

Sotheby’s abused its “privilege, power and reputation” to help dupe a Russian billionaire out of millions of dollars as he amassed a world-class art collection, a lawyer for the businessman argued on the first day of a closely watched trial in New York.

₹71,000 crore to China, the ED alleged. Several arrests have been made and a court room drama is expected soon. We will return to the charges in a bit.

The evolving real estate landscape in Gurugram presents investors with exciting opportunities across various sectors. In this article, we delve into five hotspots that offer promising investment potential, considering their proximity to key amenities, upcoming developments, and market trends.

Japan’s transportation ministry says it has introduced improved emergency measures for the country’s airports, a week after a fatal collision between a Japan Airlines jetliner and a coast guard plane at Tokyo’s busy Haneda airport that is seen as a res...

GANDHINAGAR : Adani Group chairman Gautam Adani on Wednesday announced a ₹2 lakh crore investment in Gujarat over the next five years, largely in setting up the world's largest clean energy project that will be visible even from space. The apples-to-airport conglomerate is building three giga factories for manufacturing solar modules, wind turbines and hydrogen electrolyzers. In Gujarat's Rann of Kutch desert, it is building the world's largest green energy park, covering 725 square kilometer.

Rajay Kumar Sinha as member finance and investment at Insurance Regulatory and Development Authority of India, or IRDAI. The appointment is for a period of three years from the date of assumption of charge of the post.

Parag Parikh Flexi Cap Fund, a flagship scheme of Parag Parikh Mutual Fund, crossed Rs 50,000 crore in assets under management in December, an analysis of AUM trend by ETMutualFunds showed. The scheme manages assets worth Rs 52,684.28 crore as on December, according to Amfi. The AUM of the scheme has grown by around 80 per cent in 2023. Launched in May 2013, the flexi cap scheme has completed 10.62 years. The scheme offered 19.34% since inception. The scheme offered 19.47% in 10 years, 22.77% in five years, and 22.34% in three years. In the 10-, five-, and three-year horizons, the benchmark (Nifty 500 — TRI) offered 16.26%, 17.60%, and 18.96% respectively. This shows that the scheme has managed to beat its benchmark during these horizons.

₹1 lakh crore. Antique Stock Broking raised the target price of Tata Power shares as it believes the company will outperform the sector for three crucial reasons. The brokerage firm maintained a ‘Buy’ rating on the stock and revised the target price to ₹450 per share from ₹422 earlier, implying an upside of more than 32% from Tuesday’s closing price.