FIVE Financial News

₹500 crore through an initial public offering (IPO). The maiden public issue of the Jamshedpur-based company comprises a fresh issue of shares worth up to ₹250 crore and an offer for sale (OFS) of shares aggregating up to ₹250 crore by promoters, according to the Draft Red Herring Prospectus (DRHP). The OFS portion consists of equity shares to the tune of up to ₹168 crore by Sudhir Rai and ₹82 crore by Anita Rai.

Leaning Tower' called Garisenda Tower in Italy's Bologna have been evacuated over possible risks of collapse, reports suggest. The Garisenda tower in the historic city of Bologna, Italy, known for its significant tilt since the 12th century, is facing an alarming risk of collapse.

By Chaitali Dutta

Australia, one of the wealthiest countries in the world, has long been a popular destination for Indian immigrants seeking permanent residency and Australian citizenship. In 2022-23, a total of 192,947 people from over 200 different nationalities became Australian citizens. Among the top 10 countries of nationality, 40,361 Indians obtained Australian citizenship between July 2022 and June 2023.

assembly elections in Rajasthan, Madhya Pradesh, Telanagana, Mizoram and Chhattisgarh have been a battleground of ideas, promises, and political maneuvering. Citizens and politicians await with bated breath as the electronic voting machines (EVMs) tomorrow (December 3, 2023) will tally the votes cast by millions of voters.

Enforcement Directorate on Saturday filed a charge sheet against AAP MP Sanjay Singh in connection with the Delhi excise policy-linked money laundering case, officials said. The prosecution complaint has been filed before a local court under various sections of the Prevention of Money Laundering Act (PMLA).

Sajjan Jindal's JSW Group buying a 35% stake in MG Motor India is a win-win deal for both. MG Motor India is a British brand owned by China’s SAIC. The company had a good start with the launch of its first product SUV Hector in 2019.

OpenAI is postponing the debut of an online marketplace where users can engage with a variety of personalized chatbots. The delay is attributed to the disruptions caused by the removal and subsequent reinstatement of Chief Executive Officer Sam Altman, reported Bloomberg. The intelligence firm communicated this information via an email on Thursday addressed to individuals involved in constructing GPTs, the customized iterations of its widely used ChatGPT chatbot.

film is about a leader of men who lived his life fearlessly in service to the nation, and the other is about a bearded angry man drenched in blood laughing about male body parts and treating women like property, oh yes, in the name of his daddy. Animal is about Ranbir Kapoor who loves his ‘papa’ Balbir Singh (played by Anil Kapoor) so much that he asks his mother why he cannot be called Balbir II like the sons of kings who took on their father’s name upon coronation. But young Ranbir has a temper, so his father sends him off to America to learn some discipline.

India's Men in Blue secured their place as the team with the most victories in the T20I format after defeating Australia on Friday. The team created history by surpassing its arch-rival neighbour, Pakistan. India knocked out Australia in the recent T20I match with a fabulous win with 20 runs. This win not only sealed the five-match series 3-1 in favor of India but also marked their 136th win in the format. India in T20 format: Out of 213 matches played by 'Men in Blue', they have won 136, lost 67, and one ended in a tie. Three matches were abandoned. India's win percentage in the format stands at 63.84. With this milestone, they surpassed Pakistan, who have 135 wins in 226 matches. List of top teams with most wins (T20I format):

«Most of the PSU and private banks have started performing and the recovery is taking place in the PSU space or PSU bank also,» says Rajesh Palviya, Axis Securities. Record high levels coming in for Nifty 50. Where you are eyeing next is 21,000 also on the cards and on the Bank Nifty, 1,000 points gain in the past four days but to touch that record high level just 1,500 points away. So do you believe that the journey for the next 1,500 could also be this fast or markets are expected to take a halt? Very strong rally in the market. Both indices have done well.We are at all-time high for the Nifty. Very strong buying action across the board. Midcap, smallcap are continuously performing and making a new all-time high. So, overall, market sentiment is super bullish. So, we believe that this momentum is likely to continue further. As you talked about the banking space,most of the PSU and private banks have started performing and the recovery is taking place in the PSU space or PSU bank also. So, that clearly shows that yes, Bank Nifty can give further more support to the market at this moment and we can see there is a catch-up rally in the Bank Nifty and possibly we can see a level of 45,600 to 45,800 in the continuation of this up move for Bank Nifty.

New Zealand all-rounder Daryl Mitchell completed 4,000 runs in international cricket on Saturday. Mitchell achieved this milestone during Bangladesh's first Test against New Zealand at Sylhet. In the match, Mitchell performed well with the bat, scoring 41 in the first innings and posting a knock of 58 in the second innings.

GDP data, heightening expectations that the industry will continue to power the economy for years to come. The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed. That helped India expand at a forecast-beating 7.6%, making it one of the world's fastest-growing major economies. In contrast, Western economies have been squeezed by high interest rates and energy prices, while China has been hobbled by a debt crisis in its property sector. The long-awaited boom — which has created millions of jobs — comes after about six years of debt and pandemic-induced downturn before the construction sector began improving last year and hitting its stride this year.

internet ban for several months, Manipur High court has asked the state government to file an elaborate status report. A division bench of Chief Justice Siddharth Mridul and Justice Golmei Gaiphulshillu Kabui said that, “Having given our anxious consideration to the orders issued by the Review Committee from time to time, we observe that the directions issued by this Court in these Public Interest Litigations have been considered by the statutory authority merely in passing.” M. Rarry, Special State Counsel, appearing on behalf of the State of Manipur, has produced the relevant original file containing the deliberations and decisions of the Review Committee for the perusal of this Court. The court ordered, “Let the elaborate status report be filed on or before the next date of hearing, after providing advance copy to all the learned counsel appearing on the other side.

markets rose for the fifth consecutive week driven by strong GDP data and a bullish trend seen in global markets. Return of FIIs, multiple upgrades of India’s economic growth by global firms, added to the overall positivity, analysts said. The IPO market also continued its momentum, which has seen five listings and out of which, four have exceeded expectations, led by Tata Technologies.

Fed policymakers note improvement on inflation and some cooling in the labor market, the risks are seen as more balanced and the choices more nuanced. All 12 regional Fed presidents discuss and debate monetary policy at Federal Open Market Committee (FOMC) meetings that are held eight times a year, but only five cast votes at any given meeting, including the New York Fed president and four others who vote for one year at a time on a rotating schedule.

Investors can now trade commodities and a Treasury with a popular short-term options strategy.

LONDON (Reuters) — Festive cheer has come early to world markets (bar those dollar bulls) on growing certainty that central banks will start slashing interest rates next year.

India Debt Resolution Co Ltd (IDRCL), the agent to government-backed bad bank, after the board of the company approved the appointment on Friday, people familiar with the development said. The IDRCL chairman position became vacant after Diwakar Gupta resigned earlier this week to take up a post at parent National Asset Reconstruction Co Ltd (NARCL), as ET reported in its Monday edition. Seshadri, a chartered accountant, is a financial sector veteran with experience in buying and turning around distressed companies. He is currently an independent director in the company and will take over immediately. Seshadri did not reply to calls and messages to his phone.

Are Canada’s big banks just taking their usual conservative approach or are there signs of more trouble ahead in the sector?

How to factor an inheritance into your retirement planning is a looming question for a growing number of people, given that an estimated US$84.4 trillion in savings, stocks and property will pass from baby boomers to their heirs and favoured charities by 2025 in the greatest transfer of generational wealth in history.