FIVE Financial News
07.11 / 11:41
FIVE
Platform
stage
social
reports
‘Challenge accepted’: Chhattisgarh CM Bhupesh Baghel responds to Amit Shah’s debate dare
Chhattisgarh Chief Minister Bhupesh Baghel on Monday said that he has “accepted” Union Home Minister Amit Shah’s “challenge” to engage in a public debate regarding their respective governance records.
07.11 / 11:09
FIVE
awards
Celebrity
country
song
Time
For the record tenth time, Ashley Gorley won ASCAP Country Music Songwriter of the Year
Country Music Awards, Ashley Gorley was voted ASCAP Country Music Songwriter of the Year. The Twelve Thirty Club in Nashville hosted an invitation-only celebration on Monday night honoring the publishers and songwriters of the 50 most-performed ASCAP compositions in country music over the previous year. Gorley's record was extended by being awarded ASCAP Country Music Songwriter of the Year for the tenth time. Ten of ASCAP's most-performed country songs of the previous year, including You Proof, Last Night, Everything I Love, One Thing at a Time, and Thinkin' Bout Me, were written by 46-year-old Gorley.
07.11 / 11:02
FIVE
Parke
innovations
Brookfield
Brookfield India Reit Q2 net operating income jumps 44%
₹346.7 crore in the September quarter. The company recorded a 24% jump in the operating income to ₹592 crore for the first half of FY24 (April-September). The company's income from operating lease rentals grew 33% YoY to Rs.
07.11 / 10:22
FIVE
WhatsApp
‘Profitable’, ‘separate entity’: WeWork India clarifies after parent group files for bankruptcy in US
WeWork India, the Indian arm of global co-working space firm WeWork Inc, on November 6 said it is a “profitable" and “separate entity" whose operations would not be affected by the parent group's bankruptcy filing. The clarification came hours after WeWork Inc filed for Chapter 11 bankruptcy in New Jersey and listed nearly $19 billion in debt. WeWork India, in a statement, said it “operates independently of WeWork Global, and our operations will not be affected in any manner".
07.11 / 10:07
FIVE
Waters
services
Mumbai
Mumbai to start electric water taxi services on THIS route from December. Details here
₹2.5 crore each. Currently, the company runs to and fro services between various routes connecting: Gateway of India to Mandwa, JNPT to Belapur, JNPT to Elephanta, Nerul to Elephanta, Nerul to JNPT, Belapur to Harbour Cruise, Belapur to Elephanta Caves, Belapur to JNPT and Belapur to Nerul.
07.11 / 09:32
FIVE
Fighting
2020
reports
Invading Taiwan would be a logistical minefield for China
fire. American and Taiwanese researchers who have studied PLA logistics think they have identified some weaknesses. They include a shortage of heavy-equipment transporters, over-reliance on roads and railways (which can be easily targeted) and small numbers of logistics personnel assigned to combat units, according to Joshua Arostegui and J.R.
07.11 / 09:32
FIVE
Manufacturing
Parke
show
performer
reports
week
Indo Count Industries shares hit fresh 52-week high on highest-ever quarterly revenue in Q2
Indo Count Industries surged over 8% to hit a new 52-week high of ₹302.80 apiece on Tuesday. This impressive performance came on the heels of the company's September quarter earnings, which exceeded market expectations. The company released its Q2FY24 numbers after market hours on Monday, reporting the highest-ever quarterly revenue of ₹1,033 crore, crossing the ₹1,000 mark in revenue for the first time in history, on the back of a surge in volumes.
07.11 / 09:23
FIVE
show
country
reports
FMCG sector grows 9% in September quarter aided by rural revival: NielsenIQ
India’s villages, crucial for health of the overall FMCG sector, grew 6.4% by volumes, up from 4% in the preceding June-quarter, the researcher said. “Impulse categories continue to exhibit strong growth, and we see a growth recovery in habit-forming categories such as biscuits, tea, noodles and coffee after five quarters," said Roosevelt D'Souza, lead, customer success at NIQ India. NielsenIQ flagged higher consumer spending on both essentials and discretionary categories, including personal care and home care products. “Overall, cooling of inflation in the country fuelled by base effects, a recent decline in unemployment figures, and LPG prices amongst other factors have contributed to the willingness of the consumer to spend,” said Satish Pillai, Managing Director, NIQ India. He said the FMCG sector witnessed further reduction in price growth from last quarter and has given a necessary impetus to spending power of the consumer, evident in rural markets in particular where there is an uptick in consumption across categories. This comes after four quarters of subdued growth in rural markets, which had declined 2-5% as consumers either downtraded or did not purchase as many goods, impacted by soaring food and fuel prices. Noting improved consumption trends across the country, NielsenIQ said even as rural markets showed signs of recovery, urban India continued to grow by volume and value. Within the retail sector, modern trade grew 19.5% during the quarter, with traditional trade seeing a 7.5% rise in consumption, the report said. Both packaged foods and non-foods grew 8.7% year-on-year.
07.11 / 09:03
Target
FIVE
Digital
Remark
Healthcare
performer
recommendations
Emami under pressure on Q2 results; Should you buy, sell or hold the stocks?
Emami’s share price climbed 5% to Rs 545.25; however, it retreated 0.73% to Rs 515 a day after the company posted consolidated net profit for the second quarter of FY24 at Rs 178.50 crore, down 3.1% as compared to Rs 184.18 crore during the same period last year. It posted revenue from operations at Rs 864.87 crore, up 6.3% compared to Rs 813.75 crore during the second quarter of FY23. “The company demonstrated remarkable resilience in the second quarter and half-year ending on September 30th 2023, overcoming challenges such as poor monsoons, food inflation, and subdued demand in rural markets,” Emami said.
07.11 / 08:31
FIVE
reports
Indian Police Arrest 8 More as Crypto Fraud Balloons up to $300 Million
Indian authorities have arrested 8 additional individuals, including four cops, in connection with a massive crypto fraud that has ballooned to an astounding $300 million (2500 crore Indian rupees).
07.11 / 08:29
Citi
FIVE
show
country
AQI improves today morning; Delhi air now in ‘very poor’ zone
The air quality index (AQI) in Delhi and several cities of the National Capital Region improved to the “very poor" zone on Tuesday morning. Of the 10 cities with the worst air quality as of 11 am, five were in Haryana, three were in Rajasthan, and one in Uttar Pradesh. Just four cities recorded a “severe" AQI, down from seven a day ago.
07.11 / 08:29
IPO
FIVE
Booking
WhatsApp
ASK Automotive IPO: 10 key risks investors should consider before subscribing to the issue
ASK Automotive IPO raised over ₹250 crore from anchor investors on Monday, November 6, where 25 investors participated in the anchor book, and five mutual funds applied through six schemes. ASK Automotive IPO consists of a total offer size of up to 29,571,390 equity shares with a face value of ₹2 each where Kuldip Singh Rathee will offload up to 20,699,973 equity shares and Vijay Rathee (promoter selling stockholders) up to 8,871,417 equity shares.
07.11 / 08:29
FIVE
Career
Matthews
Fallout
Actor
show
voice
When Matthew Perry stopped Chandler from cheating on Monica; FRIENDS actor reveals behind-the-scenes story
FRIENDS. In the famous "The One in Vegas: Part 1" episode from season five, Cash was initially set to play a crucial role that would have placed Chandler Bing at the heart of a romantic controversy with Monica Geller. In the original script, following a heated argument with Monica, Chandler was going to be tempted by a hotel employee, played by Cash, who was scripted to deliver room service to his Las Vegas hotel room.
07.11 / 07:57
Provident
FIVE
Ball
Action
show
voice
social
'I had 5 seconds left': 'Timed-out' Angelo Mathews demands justice from ICC, shares video as proof
Angelo Mathews has taken to social media to demand «justice» from the International Cricket Council (ICC) after a controversial 'timed out' dismissal during the World Cup. To prove that he was given out wrongly, Mathews shared a video on X with time stamp to show that he had '5 seconds left'. Expressing frustration over the dismissal, he referred Bangladesh captain Shakib Al Hasan as «a cheat».
07.11 / 07:25
Provident
FIVE
BLOCK
Action
Strategy
recommendations
strain
Retirement Planning: 5 effective ways to assist your retiring parents with their investments
Post-retirement investment management is as critical as during the employment years, especially considering the escalating health costs and the desire to sustain a certain standard of living in the years following retirement. Relying solely on a monthly pension may not always suffice, given the potential mismatch between funds and rising expenses.
07.11 / 07:25
FIVE
BLOCK
hospital
reports
Department
symptoms
Warning
Delhi’s toxic air is harming unborn children! Experts’ severe health warning to expecting mothers and other vulnerable groups
Delhi Air Pollution: Amid political blame game and court orders, the National Capital’s air quality continues to worsen. On Tuesday, Delhi’s overall air quality slightly improved as the Air Quality Index (AQI) level reached ‘very poor’ category after being in the ‘severe’ category for five consecutive days.
07.11 / 07:10
FIVE
Strategy
Mobile
President
innovations
Lava elevates Sunil Raina as interim Managing Director following Hari Om Rai's arrest
mobile phone brand Lava has appointed Sunil Raina as the interim managing director, assuming his role with immediate effect after approval from the board, following the arrest of co-founder and managing director Hari Om Rai in a money laundering case by the enforcement directorate. Following the elevation, Raina will become a whole-time director of the company following approval of the board of directors on November 6. Raina, who has been serving as the President and Business Head of the mobile phone brand since the past five years comes with an experience of more than two decades having worked extensively in marketing, strategy, product development, communications, sales and distribution functions. “We are in a fast paced growth phase of our brand journey and we see a great opportunity ahead. I'm pleased to take on this role and eager to contribute to Lava's continued success through consistent innovation and delivering exceptional quality to our consumers,” Raina said. Rai was arrested as part of an investigation into alleged money laundering by Chinese smartphone brand Vivo.The ED alleged that 23 companies under Vivo India helped the company funnel Rs 62,476 crore of its sale proceeds illegally to China.
07.11 / 06:59
FIVE
Action
travelers
Starbucks increases US hourly wages and adds other benefits for non-union workers
Starbucks is increasing pay and benefits for most U.S. hourly workers after ending its fiscal year with record sales
07.11 / 06:59
FIVE
Nov
President
beautiful
Allstate
Department
shock
How are people supposed to rebuild Paradise, California, when nobody can afford home insurance?
Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs
07.11 / 06:51
FIVE
Booking
Manufacturing
economy
Experts
show
recommendations
Time
After churning out multibaggers, OG fund manager Rajeev Thakkar says it’s time to be a conservative investor
Rajeev Thakker, CIO,PPFAS MF, says “ at a time when US bond yields are around 4 to 5% and threatening to go higher and for longer, I do not think one should be really looking at hitting sixes right now. People have made a good amount of returns in the last few years, not the last two years, but maybe from a five-year perspective. I think it is time to be more conservative in terms of the future outlook. I do not think it is a time to be very aggressive in terms of investing.” The PMS started with an AUM of less than Rs 500 crore, Is it worth Rs 20,000 crore now? Equity scheme is Rs 45,000 crore. So, Rs 45,000 crore of equity and you started in 2012? 2013.
07.11 / 05:58
Target
FIVE
economy
show
country
China's exports extend slump in October: Data
China's exports fell at a faster pace than predicted in October, data showed Tuesday, as the world's second-largest economy is buffeted by faltering global demand and a sluggish domestic recovery. Beijing has sought to boost business activity in a country grappling with a major property crisis and weaker consumption since officials abolished their strict zero-Covid policy at the end of last year. Exports — long a key driver of the growth — sank 6.4 percent year-on-year last month, according to the General Administration of Customs. The reading was much worse than the 3.5 percent drop forecast in a Bloomberg survey of economists and slightly heavier than September. Apart from a brief rebound in March and April, exports have been in constant decline since last October. «Export growth remained sluggish as the economic momentum in the United States and Europe slowed,» said Zhang Zhiwei of Pinpoint Asset Management, adding that external demand was likely to remain weak in coming months. Imports, however, rose 3.0 percent, bucking a forecast drop of 5.0 percent and notching the first month of on-year growth since late last year. The rise in imports could be a signal that domestic demand in China is recovering from months of weakness. But Zhang told AFP that the October «positive surprise» in imports alone is not sufficient to determine whether domestic demand is improving, pointing to other indicators such as retail sales. «Nonetheless as fiscal policy has turned more proactive, a recovery in domestic demand is likely in coming months,» said Zhang. China recorded moderate growth in the third quarter as Beijing looks to achieve its official goal of «around five percent» expansion for 2023 — one of its lowest targets
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