FIVE Financial News
12.12 / 11:17
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High-net-worth individuals and families have worrying gaps in their financial security
High-net-worth individuals and families across North America are leaving themselves at risk by not taking some simple steps to protect their possessions, personal information, and reputation, according to a new report.
12.12 / 08:31
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Good news for aviation: In a strong duopoly, hope soars for struggling SpiceJet
Civil Aviation Ministry has discussions with airlines over the airfares and these were advised to self-regulate and keep passengers' interest in mind while fixing the fares. After deregulation of the aviation sector decades ago, the Indian government does not regulate airfares. The fares, Scindia explained, are also dependent on a number of factors such as the number of seats already sold on a particular flight, prevailing fuel price, capacity of the aircraft operating on the route, competition on the sector, season, value of INR against US dollar, holidays, festivals, long weekends, special events (sports, fairs, contests) etc. That's true of the airlines in India as well as elsewhere, but India's aviation sector has a peculiar problem — a strengthening duopoly — which does not augur well for fares, quality of services or punctuality. Many have linked recent incidents of delays and flight disruptions to the duopolistic nature of the market. A big chunk of India's aviation market is owned by just two airlines. Historically, due to various factors, the Indian aviation market has proved to be a graveyard of airlines. Very few have remained afloat beyond five years. The latest to nosedive was Go First which was grounded in May.
12.12 / 08:31
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2024
Employers in India most bullish globally on hiring in 2024 March quarter: Survey
hiring sentiment for the next three months is one of the highest across the world, with 37 per cent of employers planning to increase their staff strength amid buoyant domestic demand conditions, says a survey. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,100 employers across sectors and regions, the Net Employment Outlook (NEO) in India is the highest amongst 41 countries. The outlook for January-March 2024, calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire, stood at 37 per cent, up 5 per cent from the corresponding period of 2023, and same when compared with the last quarter. «Domestic demand remains buoyant, and private investments continue to flow in making India a lucrative economy. With stability in the political arena, progressive India is not a dream but a reality,» Sandeep Gulati, Managing Director of ManpowerGroup India and Middle East, said. As per the survey, India and the Netherlands reported the strongest net employment outlooks at 37 per cent, followed by Costa Rica and the US at 35 per cent in second place, and Mexico at the third position with 34 per cent of the net employment outlook. The global average stood at 26 per cent.
12.12 / 07:21
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RVNL rises over 4% as JV emerges lowest bidder for Rs 543 crore project
Rail Vikas Nigam (RVNL) rose over 4% to Rs 185.6 in Tuesday's trade on BSE after a joint venture of the company emerged as the lowest bidder for a project worth Rs 543 from Madhya Pradesh Metro Rail Corporation. «RVNL-URC joint venture emerges as the lowest bidder for part design and construction of an elevated viaduct, five elevated metro rail stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony and Palasia Chauraha) and ramp for Indore Metro Rail Project,» the company said in an exchange filing. The project is to be completed in 1,092 days. At 11.03 am, the scrip was trading 1.5% higher at Rs 180.8 on BSE.
12.12 / 07:21
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GenAI-backed financial services becoming popular among Indian users: report
Generative artificial intelligence (Gen AI)-powered financial services are gaining traction among Indian consumers, with 91% being open to using a GenAI-powered financial application if one becomes available in the future, reveals a study by FIS. The study, titled ‘Trust in Generative AI’ notes that preference for new technology (60%) and the desire to save time (56%) are the primary motivators of consumers gravitating towards such applications.
12.12 / 07:11
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Mankind Pharma stock drops nearly 5% on large block deals
₹1,827.50 apiece. This downturn came after 3.01 crore shares of the company changed hands in a block deal window on Tuesday. The total worth of the transaction was around ₹5,550 crore.
12.12 / 05:09
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Dixon Technologies stock hits all time high, surges 6.1% on Lenovo contract
₹6,765 per share during Tuesday's intraday trade. This surge followed the company's announcement that its wholly-owned subsidiary, Padget Electronics Private Limited, secured a manufacturing contract from Lenovo for IT hardware products, i.e., laptops and notebooks, under the Production Linked Incentive 2.0 Scheme (“PLI"). The finalisation of this agreement is expected through the signing of a definitive agreement.
12.12 / 04:23
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Infosys share price declines over 1% as company CFO, Nilanjan Roy, resigns in a surprise move
₹1,475 against the previous close of ₹1,488.60 and fell 1.4 per cent to the level of ₹1,468.50 within the first 10 minutes of the trade. "The board of directors took note of the resignation of Nilanjan Roy as Chief Financial Officer and key managerial personnel of the company with effect from March 31, 2024.
12.12 / 04:23
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JNU bans protests inside university campus, violators may face up to ₹20,000 fine, rustication
₹20,000 if stage dharnas or put posters within 100 metres of the academic buildings at the JNU campus. Besides, any "anti-national" act will attract a ₹10,000 fine, according to the Chief Proctor Office (CPO) manual.
12.12 / 03:55
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Sam Bahadur Box Office Collection Day 11: Vicky Kaushal's film crosses ₹75 crore. Check full stats here
Sacnilk.com report, the film has collected ₹75.75 worldwide while the total Indian collections stands at 58.55 crore. Speaking of the Day 11 collection, as per early estimates, the film saw a drop in collection with ₹2 crore net collected in India, taking the overall Indian collections to ₹58.55 crore. The film's opening week proved strong, with the collection standing at Rs.
12.12 / 03:55
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Max Life introduces the Smart Total Elite Protection Term Plan. Details here
Max Life Insurance Company has introduced the Smart Total Elite Protection Plan, a comprehensive term life insurance policy designed to align with contemporary lifestyles. This plan offers extensive coverage customized to meet evolving consumer preferences. Max Life Smart Total Elite Protection Term Plan (STEP) is a non-linked, non-participating, individual pure-risk premium life insurance plan.
12.12 / 03:55
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Animal Box Office collection Day 11: Ranbir Kapoor’s movie enters ₹700-crore club, becomes All-Time Blockbuster
Animal Box Office collection Day 11: Ranbir Kapoor’s Animal opened with a strong collection in its first week, accumulating ₹337.58 crore across various regions, with the highest earnings coming from the Hindi-speaking market at ₹300.81 crore. The Telugu, Tamil, Kannada, and Malayalam markets also contributed with ₹33.45 crore, ₹2.73 crore, ₹52 lakh, and ₹7 lakh, respectively. Entering its second week, Animal witnessed a fluctuation in its daily earnings.
12.12 / 03:55
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2024
US Presidential Polls 2024: FBI arrests Tyler Anderson for alleged plot to kill Vivek Ramaswamy
AP, the US Attorney's office chose not to disclose the candidate's name. Nevertheless, a representative for Republican candidate Vivek Ramaswamy confirmed on Monday that the threatening text messages were aimed at his campaign. “We are grateful to law enforcement for their swiftness and professionalism in handling this matter and pray for the safety of all Americans," Stefan Mychajliw, deputy communications director, said in a statement.
12.12 / 03:03
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Oil steady ahead of interest rate decisions, OPEC+ supply cut doubts
Oil prices held steady on Tuesday ahead of key interest rate policy and inflation data announcements, and amid doubts that production cuts by OPEC+ next year would offset crude oversupply and weaker fuel demand growth. Brent crude futures for February were flat at $76.03 a barrel as of 0103 GMT, while U.S.
12.12 / 03:03
Provident
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Karnataka: BJP, JDS storm assembly well, Siddaramaiah calls it ploy to cover up infighting
Siddaramaiah on Monday slammed the opposition BJP and JDS MLAs for their dharna in the assembly, calling it a ploy to divert attention from the infighting within their party and the Centre’s failure to provide drought relief. “The main purpose of building a golden building in Belgaum with people's tax money and holding a legislative session once a year is to discuss and find solutions to the burning problems of North Karnataka. The BJP MLAs of the state have proved that they are the opponents of North Karnataka by not allowing such a discussion,” he said. He taunted the BJP, saying the new Leader of Opposition R Ashoka does not have the support of his own party.
12.12 / 03:03
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It's a wrap! Prithviraj Sukumaran finishes dubbing for Prabhas-starrer 'Salaar: Part 1-Ceasefire'
Prithviraj Sukumaran has completed dubbing for filmmaker Prashanth Neel's upcoming action-adventure movie 'Salaar: Part 1 — Ceasefire'. Headlined by Prabhas, the movie is produced by Vijay Kiragandur of Hombale Films and is the first part of the pan-India film series. In a post on Instagram, Sukumaran revealed that he dubbed for his character Varadha in five languages.
12.12 / 02:13
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Software
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BPCL shares to trade ex-dividend, stocks of Safari Industries and Sonata Software to trade ex-bonus
Bharat Petroleum Corporation Ltd (BPCL), Dhyaani Tile and Marblez, Safari Industries, SIS Ltd, and Sonata Software Ltd will be in focus when the stock market opens on December 12 (Tuesday). This comes as the board of directors of these companies have declared an interim dividend, bonus issue, and buyback of shares for eligible shareholders. BPCL: BPCL has declared an interim dividend of ₹21 per share.
12.12 / 01:55
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Stocks in news: Infosys, Mankind Pharma, SpiceJet, DLF, Dixon
Infosys Infosys on Monday said its CFO Nilanjan Roy has resigned from the company to pursue other personal aspirations.
12.12 / 00:59
12.12 / 00:59
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