FIVE Financial News
20.12 / 17:07
FIVE
CRA
pandemic
country
Live news: CRA has now fired 185 employees for 'inappropriately' claiming CERB
The Canada Revenue Agency says 185 employees have been fired to date for claiming a federal COVID-19 benefit when they were not eligible for it.
20.12 / 17:07
FIVE
Fighting
Bill
Experts
reports
shock
2024
Posthaste: Canadians are planning to fight back against higher grocery prices in 2024
Canadians who spent the past year watching their grocery bills climb ever higher appear to be resigned to even more pain ahead in 2024, but they’re also planning to fight back.
20.12 / 16:30
FIVE
Experts
outbreak
shock
infection
strain
symptoms
Medieval STI has returned: Changed symptoms, new strain and what else we know about it
medieval sexually transmitted infection has returned. It can trigger brain damage and hair loss. It has emerged in a shocking outbreak afflicting individuals' eyes. An outbreak has spread via five women's eyes who slept with the same man.
20.12 / 16:29
Citi
FIVE
BLOCK
Fighting
country
travelers
Japan Clears the Way for Tourists to Get an Actual Uber
TOKYO—One of the world’s biggest taxi markets is finally opening its gates wider to Uber after a decade of pushing by the U.S. ride-hailing company. Japanese Prime Minister Fumio Kishida said Wednesday that the government would largely lift a ban on ride-sharing services in April and allow regular drivers using their own cars to give fare-paying passengers a ride.
20.12 / 16:28
IPO
FIVE
Booking
Manufacturing
Healthcare
band
Innova
Innova Captab IPO: Company laps up Rs 171 crore from anchor investors ahead of Thursday’s opening
anchor investors ahead of its initial public offer (IPO), which opens on Thursday. The three-day issue will close on December 26, Tuesday, as markets will remain shut for trading on December 25, Monday, on account of Christmas. The anchor investors were allotted 3,816,963 shares to 17 investors, which included the likes of ICICI Prudential Pharma Healthcare and Diagnostics (PHD) Fund, Kotak Mahindra Trustee Co Ltd A/C Kotak Healthcare Fund, 360 One Special Opportunities Fund Series-9, Bandhan Smallcap Fund, Aditya Birla Sun Life Company, among others. As per the filing to the exchanges, six domestic mutual funds have applied through a total of eight schemes, accounting for 44.88% of the anchor investor portion. The amount raised through them is over Rs 76.74 crore, the filing said. About Innova Captab: Innova Captab is an integrated pharmaceutical company in India with a presence across the pharmaceutical value chain, including research and development, manufacturing, drug distribution and marketing, and exports. Innova Captab IPO Structure: The price band of this public issue is fixed at Rs 426-448, and at the upper end, the company plans to raise Rs 570 crore. Investors can bid for 33 shares in one lot and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. Innova Captab IPO GMP today: According to market analysts, the current GMP of Innova Captab is Rs 210 in the unlisted market.
20.12 / 16:25
FIVE
Waters
Platform
PSU majors bag new contract orders from Ministry of Defence, stocks in focus on Dec 21; check details
Mazagon Dock Shipbuilders and Cochin Shipyards have bagged new contract orders from the Ministry of Defence on Wednesday, December 20. The defence PSU majors will remain in focus in tomorrow's session (December 21) as the announcement of the order receipts came after market hours on Wednesday.
20.12 / 15:56
Target
FIVE
Align
2020
testing
prevention
Rite Aid banned from facial recognition tech use for 5 years after faulty theft targeting in stores
Rite Aid has been banned from using facial recognition technology for five years over allegations that a surveillance system it used incorrectly identified potential shoplifters, especially Black, Latino, Asian or female shoppers
20.12 / 15:44
FIVE
pandemic
information
reports
Friend
EOW questions Aaditya Thackeray's friend in remdesivir supply 'scam'
EOW) of Mumbai Police on Wednesday questioned Shiv Sena (UBT) leader Aaditya Thackeray's friend Punyashali Parekh in connection with an alleged scam in the supply of remdesevir injections during the COVID-19 pandemic to the BMC. Parekh appeared before EOW officials in the afternoon, and was allowed to leave around 6.30 pm, five hours later, after his statement was recorded, said an official.
20.12 / 15:00
Citi
FIVE
film
love
stage
classical
Mind
'Home Alone' McCallister family tree decoded! Here's what to keep in mind while watching the 1990 hit this Christmas!
Home Alone, directed by Chris Columbus and written by John Hughes was a colossal success at the box office, earning $285 million in the United States alone, solidifying its place as a Christmas staple. The McCallister family chaos, led by young Macaulay Culkin as Kevin, became a cultural phenomenon. As viewers revisit this classic, here's a breakdown of the McCallister family tree, shedding light on the lesser-known members who contributed to the memorable holiday mayhem.
20.12 / 14:48
Target
FIVE
Manufacturing
economy
Align
reports
shock
Stubbornly high inflation is holding back consumer discretionary spending and corporate investments: RBI
high inflation is holding back consumer discretionary spending and corporate investments as well, hence the expectations of lowering of interest rates may be unrealistic. «Projections indicate that inflation will go up further from the September October 2023 average of 4.9% before it can come down. The objective of aligning inflation with the target on a durable basis is far from assured,» RBI researchers said in the state of the economy report. There have been clamours for interest rate cuts after RBI paused for five times in a row and following softer inflation prints for September and October.
20.12 / 14:40
Waves
FIVE
Google
CEO
Adobe
show
innovations
Year-ender 2023: From Microsoft's Satya Nadella to IBM's Arvind Krishna, 5 Indian-origin CEO's who made waves this year
leadership of Indian-origin CEOs who, through their strategic decisions and impactful manoeuvres, made headlines and left a lasting mark on the corporate landscape. The achievements and decisions of these Indian-origin CEOs in 2023 reflected a blend of adaptability and a commitment to fostering innovation in their respective organisations. Let's take a closer look at five notable leaders who have grabbed headlines for their leadership in the corporate arena.
20.12 / 14:39
FIVE
Digital
CEO
Mobile
economy
performer
country
Motovolt partners with Swobbee for battery swapping stations, will hit Bengaluru and Hyderabad next
Motovolt mobility on Thursday announced a strategic partnership with German climate tech firm Swobbee, and will be setting up 200 battery swapping stations across the country in the next two years. The Kolkata based firm, which has already launched two stations in Kolkata and Delhi, plans to set up stations in Bengaluru and Hyderabad next, company CEO Tushar Choudhary told ET.
20.12 / 14:35
FIVE
Continental
Pride
reports
Five Indian tyre makers in global top 30 list: ATMA
ATMA based on revenue in 2022, Apollo, MRF, JK Tyre, CEAT, and Balkrishna Industries (BKT) from India featured in the top 30 list. As per the report, Apollo is at the 13th position and MRF at the 14th, JK Tyre at 19th, CEAT at 22nd and BKT at 27th in the top 30 list.
20.12 / 14:07
FIVE
Coca-Cola
Manufacturing
Enterprise
PepsiCo
President
track
Big game opportunity for Varun Beverages in South African safari
₹1,380, up 7% on Wednesday. BevCo holds franchise rights from PepsiCo Inc. in South Africa, Lesotho and Eswatini, and distribution rights for Namibia and Botswana.
20.12 / 13:55
Waves
FIVE
reports
Chinese scientists claim they saw the earthquake coming but had no idea where it would hit: Report
Chinese scientists claim they received an ominous signal hours before Monday night's 6.2 magnitude earthquake but were not sure where exactly it would strike, it emerged on Wednesday. So far 131 people are confirmed dead and over 700 others injured in Gansu and Qinghai after the quake, the deadliest in nine years, hit the two provinces. While predicting earthquakes has almost appeared to be a mission impossible, researchers in the Chinese province of Shaanxi claim to have developed a groundbreaking technique that has allowed them to forecast successfully every tremor with a magnitude of 7.0 or more that struck around the globe in the past 10 years.
20.12 / 13:25
FIVE
Airlines
Experts
reports
recommendations
SpiceJet board to meet on January 10 to finalise preferential allotment
₹2,241.5 crore, aimed at fortifying the company's financial standing and facilitating investments in growth initiatives. As per the company's regulatory filing today, SpiceJet plans to allocate a total of 31,83,00,000 equity shares at an issue price of ₹50 each to 58 entities.
20.12 / 13:23
Provident
FIVE
Enterprise
show
country
information
reports
Seventh Economic Census yet to receive approval from majority of states: MoSPI
seventh economic census is yet to receive approval from a majority of states for the ministry to finalise nationwide results, according to the ministry. Of the 35 states and UTs participating in the Census, 22 are yet to grant approval. “As regards to results of the 7th Economic Census, 12 States/UTs have not approved the provisional results, and it is pending in 10 States/UTs for decision on approval. Therefore, the nationwide 7th Economic Census results could not be finalised,” Rao Inderjeet Singh, Minister of State (independent charge) of the Ministry of Statistics Planning and Programme Implementation, informed Lok Sabha on Wednesday. He further pointed out that West Bengal was the only state not participating, despite consultation and communications with state government officials. The government last released the sixth economic census in 2016, based on data collected between 2013-14. The data collection for the seventh economic census began in 2019 and took two years to complete owing to Covid.
20.12 / 13:21
FIVE
Booking
Fox
Strategy
film
President
show
No more waiting! Disney+ and Hulu premiere 'Percy Jackson and the Olympians' series ahead of schedule
Percy Jackson and the Olympians series on Disney+ and Hulu ahead of its scheduled premiere date of December 20. Release Strategy Update This marks the second adjustment to the show's release strategy. Initially, it was announced that the first episode would premiere on both Hulu and Disney+ and would be available for streaming until January 31. In line with this, the first two episodes are now accessible on Disney+, with the first episode streaming on Hulu. Subsequent episodes will be unveiled weekly on Disney+ until the Season 1 finale on January 31.
20.12 / 13:13
FIVE
JPMorgan
economy
Invesco
Nikkei
performer
electronic
Japanese equities have outperformed, but is the rally at risk?
Japanese shares need to jump five large hurdles in early 2024 to build on their mighty rally this year.
20.12 / 10:46
Citi
FIVE
Citizens
Assurant
Parke
stage
end
HC asks Delhi govt to state status of policy for end-of-life vehicles
end-of-life vehicles to their owners. Justice Jasmeet Singh observed that the court was «flooded» every day with petitions by aggrieved people in the absence of a policy, and that although the government was trying to control pollution «at the same time the citizens cannot be harassed». «This is troublesome.
20.12 / 09:44
FIVE
Enterprise
Experts
Indus
country
reports
Sensex crashes 1,000 points from day's high. Early signs of a U-turn?
The fall was sharper in the Nifty Midcap and Nifty Smallcap indices — each of them tumbled around 2%. FMCG was the only sectoral index trading in the green, while banks and IT indices were trading around 0.5% lower. The fall was sharper in auto, media, metal, PSU banks, and realty stocks. In percentage terms, today's decline in Nifty was the biggest single-day loss since October 26.
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