FIVE Financial News
18.12 / 20:54
IPO
FIVE
CEO
economy
country
IPOs
2024
open
Bradesco CEO sees open window for Brazil IPOs in 2024
SAO PAULO (Reuters) — The new CEO of Brazilian lender Bradesco, Marcelo Noronha, sees an open window for public offerings in the country next year, he said on Monday, mentioning falling interest rates in the United States and stronger growth in Brazil.
18.12 / 20:24
18.12 / 19:11
FIVE
Experts
Curry mix adds some spice to inflation: Impact on retail prices expected
inflation with prices of jeera, turmeric, chillies, black pepper and other spices soaring as lower crop acreage and pest infestation have impacted their production. Spices inflation has remained above 22% since July, and economists said it could add another 0.6 percentage point to retail inflation between December and March as prices are unlikely to ease until the next harvest. The category has only a 2.5% weight in the inflation basket, but they influence prices of many food products.
18.12 / 17:31
18.12 / 16:49
FIVE
Remark
Nestle
information
Nestle India announces record date for stock split; Details here
Nestle India has set January 5 as the record date for the previously announced stock split, which was approved by the company's board in October at a ratio of 1:10. A stock split involves increasing the number of issued and outstanding shares, thereby enhancing the liquidity of the stock. Importantly, this does not impact the overall value of all shares issued.
18.12 / 16:15
Provident
FIVE
CEO
Strategy
services
Colliers India appoints Arpit Mehrotra as Managing Director for Office Services in India
Colliers India has elevated Arpit Mehrotra as Managing Director, Office Services for India. Mehrotra, who presently serves as the Managing Director, South India has expertise in office transactions, lease negotiations and tenant representation.
18.12 / 14:13
FIVE
Action
Bill
Covenant
social
UK Conservative MP Miriam Cates under investigation by parliament's standards watchdog
Miriam Cates is under investigation by the parliamentary commissioner for standards over claim that she caused significant damage to the reputation of the Commons and its members. Cates is MP for Penistone and Stocksbridge in South Yorkshire It was confirmed by the watchdog on their website. Allegation details is yet to be revealed.
18.12 / 14:13
Citi
FIVE
Booking
Maxim
reports
travelers
Hyderabad most booked destination in 2023: Oyo Travelopedia 2023
Travelopedia 2023 on Monday. The company said Travelopedia 2023 draws insights from Oyo’s global booking data and unveils key trends that have shaped travel experiences for its over 93 million users across India, UK, US, Germany, Denmark, Belgium, Netherlands, Indonesia, Malaysia, and the rest of Asia and Europe, spanning January 1 to December 1, 2023. As per the report, Hyderabad emerged as the most booked city in India followed by Bengaluru, Delhi, and Kolkata.
18.12 / 13:38
FIVE
Extreme
Align
Remark
Celebrity
Pride
innovations
URON’s Sustainable Touch: Solar for the World’s Largest Office Building, The Surat Diamond Bourse, India’s Pride
1. Unprecedented Unity in Scale:The Surat Diamond Bourse brings together a vast community, uniting the cutting, polishing, and trading activities under one roof, encompassing over 4,500 offices and 130+ elevators, with a total passage exceeding 22 kilometers.
18.12 / 13:34
Provident
FIVE
Citizens
show
NPS equity investment delivers average return of 16.94% in last one year. Details here
National Pension System (NPS) has delivered a return of 16.94 percent in the past one year, the latest PFRDA (Pension Fund Regulatory and Development Authority) data has revealed. The average annual returns given across pension fund managers, as on December 8, is more than double the 7 percent return of corporate bonds, 7.10 percent in government securities and nearly 8.2 percent in central and state government schemes, the data has revealed. The benchmark return is 16.39 percent, while the returns given by pension fund managers range between 15 percent and 16 percent.
18.12 / 13:16
FIVE
Man
Waters
Death
gay
Hallucinations, thirst and desperation: How migrants endured 36 days at sea
Fass Boye to Spain's Canary Islands, a gateway to the European Union where they hoped to find work, was supposed to take a week. But the wooden boat carrying 101 men and boys was getting blown further and further away from its destination.
18.12 / 12:50
FIVE
Nov
show
voice
Goldman adds voice to bearish expectations for the dollar
Goldman Sachs Group added its voice to a chorus of expectations of a weaker dollar after the US central bank’s clearest sign yet that interest-rate cuts are coming.
18.12 / 12:50
FIVE
ETF
Compilation
Nov
show
track
2020
Bull market for long-dated Treasuries, iShares ETF reveals
A vehicle used to track longer-dated U.S. government bonds surged into a bull market, as investors seek to end three years of pain on the Federal Reserve’s willingness to consider interest-rate cuts.
18.12 / 12:01
FIVE
Strategy
Death
Inside
information
reports
Canada's ATB Capital to liquidate failed hedge fund Traynor Ridge
ATB Capital Markets received a mandate to sell the remaining assets of Canadian hedge fund Traynor Ridge Capital Inc., which collapsed after the sudden death of its founder.
18.12 / 12:01
18.12 / 10:41
Provident
FIVE
Healthcare
country
shock
patient
medicines
DEA warns Georgia to cancel plans to become first state to allow pharmacies to sell medical marijuana
Nabis Director of Policy Eddie Franco discusses New York marijuana regulators working toward a distributor license extension on 'Kennedy.'
18.12 / 10:31
Provident
FIVE
Cooper
Aware
economy
country
reports
India tops global remittance charts at $125 billion in 2023
India stands out as the top remittance recipient, showcasing the evolving dynamics in this financial landscape. Remittances to LMICs grew by an estimated 3.8% in 2023, totaling USD 669 billion. Resilient labor markets in advanced economies and Gulf Cooperation Council (GCC) countries played a crucial role in supporting migrants' ability to send money home. Want to know if you qualify for immigration? Click here The report suggests a potential risk of a decline in real income for migrants in 2024 due to global inflation and low growth prospects. In South Asia, remittance flows to India experienced notable growth, contributing to the region's overall positive trend.
18.12 / 09:44
FIVE
Experts
stake
Financial
Edelweiss Financial to sell stake in unit for up to $240 million
Edelweiss Financial Services on Monday said it has started the process of selling equity in its alternative asset management unit and plans to raise about 15 billion to 20 billion rupees ($180.69 million-$240.93 million) by a divesting 10%-20% stake. The company is receiving significant interest for the stake sale in Edelweiss Alternative Asset Management (EAAM), and the process is likely to be concluded in four to five months, Edelweiss said in a statement. The move to sell the stake will reduce the company's debt and improve its market value, it said. Edelweiss Financial Services' net debt amounted to 152.20 billion rupees as of September-end, the company said in an investor filing in November. EAAM's current assets under management stood at 500 billion rupees as of September-end and have grown at a compound annual growth rate of 31% since fiscal year 2017, Edelweiss said. Separately, Edelweiss said the Indian securities appeal court last week dismissed an appeal filed by its former unit, Nuvama Clearing Services, in relation to a case on the handling of client securities as a clearing agent. Nuvama Clearing has already earmarked 2.36 billion rupees with the clearing corporation of the stock exchange in relation to the case and will also explore legal options, Edelweiss said. Edelweiss Financial Services shares, which are up 121% so far this year, fell as much as 8.8% in early trade before trimming some losses. They last traded 1.8% lower at 74.90 rupees.
18.12 / 09:37
18.12 / 08:29
FIVE
Matrix
Experts
information
F&O stocks: Hindustan Aeronautics, IRCTC among 5 stocks with long buildup
In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.
18.12 / 08:25
Provident
FIVE
CEO
Strategy
Experts
recommendations
Option
National Pension System: Five reasons why NRIs should consider NPS as a long-term investment option
National Pension Scheme (NPS) by adhering to KYC norms. The NRIs can make contributions to NPS from their NRO/NRE account. While investing depends on individual financial goals, risk tolerance, and investment preferences, Kurian Jose, CEO, of Tata Pension Management listed some reasons for NRIs to consider investing in NPS NPS is designed as a long-term retirement planning tool.
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