FIVE Financial News

03.10 / 13:45
FIVE Pool Powerball jackpot soars to $1 billion, key things to know ahead of Mega Millions Tuesday draw
Powerball jackpot has surged to an estimated $1.04 billion, marking the fourth-largest jackpot in the game's history. This significant increase comes after no one successfully matched all six drawn numbers in the recent drawing. The winning numbers for this draw were 12-26-27-43-47 with a Powerball number of 5, and a Power Play of 2x. The estimated cash value of this substantial jackpot is $478.2 million. Additionally, the Mega Millions jackpot is currently estimated at $300 million for the upcoming drawing scheduled for Tuesday, October 3. The drawing is taking place for estimated jackpot $300 million with cash option of $137 million today at 11 pm (ET). Mega Millions tickets are priced at $2.00 per play. To participate, players have the option to select six numbers from two distinct number pools: five different numbers ranging from 1 to 70, referred to as the white balls, and one number chosen from the range of 1 to 25, known as the gold Mega Ball. Alternatively, players can opt for the Easy Pick/Quick Pick option. To secure the jackpot prize, all six drawn numbers must match those selected by the player. It's important to note that the initial jackpot amount will be determined by sales and will be publicly disclosed before each drawing. Mega Millions offers a total of nine ways to win various prizes, starting from the jackpot and descending to a minimum prize of $2.
03.10 / 13:41
FIVE Booking Strategy Hyundai country testing Standard Hyundai Motor India to offer six airbags as standard across portfolio as demand for safer cars grows
₹8,000-9,000," said Tarun Garg, chief operating officer (COO), Hyundai Motors India, told Mint. Hyundai's strategy to grab an edge back from the competition involves a three-pronged strategy: make advanced safety features such as ADAS (advanced driver assistance system) available as an optional feature in more of its current line-up of products (from 38% at present to 60% by 2024 and eventually 100% of its model range), make active safety features such as ESC (Electronic Stability Control) with VSM (Vehicle Stability Management) available in one or more trims across all models, and make basic passive safety equipment like six airbags for passenger and driver, three-point seatbelt and seat belt reminders standard across all models. "We enhanced our ADAS offering from a single model (Tuscon) to five models, including the Exter, in just one year, The response has been very good.
03.10 / 13:33
FIVE Aware Manufacturing WhatsApp Astec reports Godrej family to split ₹1.76 trillion conglomerate, says report; what we know so far
₹1.76 lakh crore business conglomerate, is heading for a split in an amicable manner, a report said on October 3, citing persons privy to the development. The two factions between whom the 126-year-old business giant is set for a split are – Godrej Industries & Associates, which is headed by brothers Adi and Nadir Godrej, and Godrej & Boyce Manufacturing Company (G&B) led by their cousins Jamshyd Godrej and Smitha Godrej Crishna, the Economic Times report said.
03.10 / 13:33
UPS FIVE economy pandemic 2020 Department Americans’ Growing Reluctance to Quit Their Jobs, in Five Charts
The surge in Americans quitting their jobs has fallen from record highs it hit during the pandemic. Why that is happening could say something about where the economy is headed. Quitting is a sign a worker is unhappy with their job, but also a sign they are confident they can find another.
03.10 / 11:35
Citi Provident FIVE Remark Southern reports First phase of New Noida to start from next year; The new industrial city to be developed in 5 phases
Dadri-Noida-Ghaziabad Investment Region (DNGIR), often referred to as Noida 2.0, has outlined a unique «no relocation policy» for the current population residing within the area. As per a TOI report, this approach stands in contrast to conventional projects, as it aims to absorb the existing rural communities into the evolving industries and various sectors that will emerge within the region by the year 2041. DNGIR, conceived as an extension of the National Capital Region (NCR) city, Noida, is a strategic response to the diminishing availability of space for accommodating industries.
03.10 / 11:27
Lowe's FIVE CEO Strategy With its demerger, Vedanta is going for broke
Anil Agarwal’s Vedanta Group is demerging the natural-resources conglomerate Vedanta Ltd (Vedl), which is listed in India, into six separate companies. The group has said it aims to complete the reorganisation by September 2025 and list at least five of the new entities by March 25. Since the group also controls Hindustan Zinc its share price is sure to be affected, too.
03.10 / 11:27
UPS Target FIVE WhatsApp reports Government to meet its tax collection target for FY24: SBICaps
₹33.61 trillion for FY24, which is about 10.1% higher year-on-year. The SBICap report titled ‘Fiscal Position and Borrowing Update - October 2023’, said that it anticipated a moderation in direct tax growth in October due to an uptick in tax refunds, with robust tax collections alleviating concerns regarding revenue falling short of budget estimates.
03.10 / 09:29
FIVE Assam govt to conduct socio-economic assessment of indigenous Muslim communities
Assam government on Tuesday said that it will conduct a socio-economic survey of the state's five indigenous Muslim communities so that measures can be taken for their upliftment. Chief Minister Himanta Biswa Sarma held a meeting with senior officials at the state secretariat regarding it.
03.10 / 09:21
FIVE Digital SEC Chase Bitcoin Bitcoin Price Prediction: 'Uptober' Surge, US Warnings & UK Chase Bank Controversy
Amidst a turbulent landscape for the world of cryptocurrency, Bitcoin price finds itself at the centre of various discussions. Trading at $27,593, it recorded a nearly 1.5% dip on Tuesday. As the month unfolds and the market leans into the positive momentum termed as "Uptober", challenges still loom on the horizon. 
03.10 / 08:37
Provident FIVE AXY Google WhatsApp Corning Flipkart Big Billion Days Sale: Pixel 7a's price to be slashed by over ₹12,000. Check offer details
₹12,000 during Flipkart's Big Billion Days Sale starting from October 8. The Pixel 7a was launched at the Google I/O event in May at a price of ₹43,999 for the 8GB RAM/ 128GB storage variant. Also Read| Flipkart Big Billion Days Sale: Nothing Phone (2) to get a whopping ₹12,000 price cut, new white color model to debut The Pixel 7a is the latest model in Google's cost-effective A-series smartphone range and is priced relatively lower compared to the higher-end Pixel 7 and Pixel 7 Pro models.
03.10 / 07:29
UPS Lowe's FIVE Booking DOW testing 500 We could test 18,900 and possibly even 18,400-18,500 by Diwali: Gautam Shah
Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “we are focussing right now on committing into stocks with quality institutional interest, quality fundamentals, great structural stories, which I do not think will be impacted if the markets were to correct. But on a general basis, on an overall basis, one should be aggressively booking profits in midcaps and smallcaps .” Shah says: “markets have moved to a risk-off mode and pharma could lead the market move from here in terms of strengths and sectors doing well. We have been a big bull on the entire IT pack for a while now. We maintain that stance. So, these two spaces look great. Auto is considered high beta but it has the potential to be a big structural story for the next 6 to 12 months. Every small dip is a buying opportunity there.” 20,000 may be psychological or it may be technical, but so far, it has acted as a swift or a stiff resistance for the market. Do you think we have a top in place at least in the short term and that could be 20,000? Yes, I think we had a top in place because all kinds of ingredients were coming in together to suggest that the market did top out at that level of 20,200.
03.10 / 06:47
Lowe's FIVE Reuters Puzzle Experts fall India rupee weakens in line with Asian peers but RBI help caps fall
Asian currencies. However, likely intervention by the Reserve Bank of India (RBI) helped the local unit stay away from lifetime lows. The rupee was at 83.20 against the U.S.
03.10 / 06:03
FIVE Man CEO Merit PwC Inside reports PwC appoints new sector leaders, to centrally assess the risk of new work
PwC Australia has installed six new industry leaders via a merit-based appointment process, as its chief executive, Kevin Burrowes, moves to put an end to the previous practice where the CEO had almost complete authority to make key appointments.
03.10 / 06:03
UPS FIVE Macquarie director heads to Ross Garnaut’s Zen Energy
Zen Energy, Ross Garnaut’s renewable energy retailer, has lured a Macquarie Asset Management dealmaker to its C-suite while it lines up potential backers via Azure Capital.
03.10 / 05:09
COST FIVE Reuters Manufacturing Compilation show India's manufacturing PMI slows in Sep, factory activity expands at slowest pace in 5 months
India's factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite increased inflationary pressures, a private survey showed. The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August, missing the Reuters poll forecast for 58.1. That marked the 27th straight month of the index being above the 50-mark separating expansion from contraction. «India's manufacturing industry showed mild signs of a slowdown in September, primarily due to a softer increase in new orders which tempered production growth,» said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence. «Nevertheless, both demand and output saw significant upticks, and firms also noted gains in new business from clients across Asia, Europe, North America and the Middle East.» New orders and output rose sharply despite the sub-indexes easing from August, driven by both domestic and foreign demand. International demand grew for the 18th month in a row. That bolstered optimism and pushed business confidence to a nine-month high. It also prompted firms to increase headcount.
03.10 / 04:09
FIVE NIFTY Limelight Experts show performer Returns H1FY24 Superstars! These 5 stocks with double-digit returns in each of last 6 months, turn multibaggers
returns. An analysis of the performance of stocks with a market capitalization of over Rs 1,000 crore showed that there were five such stocks which gave double-digit returns in each of the last six months and even turned multibaggers in H1FY24. These five superstars of FY24 belong to the midcap and smallcap segments that outperformed the benchmark by a wide margin in the last six months.
03.10 / 03:19
FIVE BLOCK WhatsApp Assembly elections 2023: PM Narendra Modi to visit poll-bound Telangana, Chhattisgarh today
PM Modi will dedicate multiple development projects worth more than ₹26,000 crore in Chhattisgarh, including the NMDC Steel Ltd’s Steel Plant at Nagarnar in Bastar district. -The PM will also dedicate a new rail line between Antagarh and Taroki and a rail line doubling project between Jagdalpur and Dantewara. -He will lay the foundation stone of the Boridand -Surajpur rail line doubling project and redevelopment of Jagdalpur Station under the Amrit Bharat Station Scheme.
03.10 / 02:21
UPS IPO FIVE Manufacturing TCS country reports Stocks to Watch: JSW Infra, Maruti Suzuki, TCS, Vedanta, Ultratech Cement
JSW Infrastructure: The initial public offering (IPO) of India’s second-largest commercial port operator JSW Infrastructure received a strong response from investors and will make its debut on the Indian stock market exchanges on Tuesday, October 3. JSW Infrastructure shares are likely to list with a decent premium on stock exchanges given the strong subscription numbers and healthy prospects of the company. JSW Infrastructure IPO listing will take place within the T+2 timeline (IPO closing date + 2 working days).
03.10 / 02:03
FIVE Aware Manufacturing Enterprise Fitch Experts reports JSW in initial talks to cement deal with Germany’s Heidelberg Materials for its India business
JSW Cement, the building-materials business of steelmaker JSW Group, is in initial talks with Germany's Heidelberg Materials to acquire the latter's 13.4 million-tonne-a-year cement businesses in India, industry sources aware of the talks told ET. The people cited above said the discussions, currently bilateral, began after the JSW Group made an unsolicited offer to acquire Heidelberg's local entities that primarily have capacities in peninsular India. The world's second-biggest cement market, both by capacity and consumption, India has a highly regional and freight-intensive building-materials industry where manufacturing proximity to the end consumption market often determines profitability-linked enterprise valuation multiples in mergers and acquisitions. To be sure, Heidelberg is yet to take a final call on its India exit strategy and according to the people cited above, it is possible that it may eventually decide to opt for a bidding process for the assets to allow other potential buyers to participate and increase competitive intensity for the plants. A Heidelberg Materials spokesperson declined to comment, while the JSW Group did not respond to ET's email seeking comments. Holcim Exit If concluded, it will mark the exit of a second global cement manufacturer from India after Swiss building materials company Holcim Group exited India in 2022, selling Ambuja Cements and ACC to the Adani Group in a closely contested bidding in which JSW Group had also participated. Heidelberg has more than 13 million tonnes per annum (MTPA) cement making capacity in India, of which 6.3 MTPA is with the listed entity HeidelbergCement India, and 7.1 MTPA is with the closely held Zuari Cement.
03.10 / 01:17
UPS FIVE Citizens Aware Manufacturing stage reports Godrej Group looks to lock in terms of division ahead of family split of Rs 1.76-lakh-crore conglomerate
Godrej Group, the ₹1.76-lakh-crore conglomerate that began its industrial journey five decades before Independence selling locks to the citizens of a then crime-prone Bombay, is reportedly in advanced stages of crucial negotiations to conclude the formal division of its diverse businesses, top industry executives familiar with the matter told ET. The two factions of the Godrej family — Godrej Industries & Associates led by Adi Godrej and his brother Nadir, and Godrej & Boyce Manufacturing Company (G&B) involving cousins Jamshyd Godrej and Smitha Godrej Crishna — are likely to finalise soon the formal split of business verticals as diverse as engineering, appliances, security solutions, agricultural products, real estate, and consumer products, said the officials cited above. The family council is ironing out some important specifics involving two critical points — usage of the Godrej brand name after the split, including possible royalty payments, and land valuations currently held by G&B.
03.10 / 01:17
FIVE Career film Celebrity show testing ‘Wheel of Fortune’: Why was Vanna White missing and is it a permanent change? Here’s what we know
Pat Sajak prepares to bid farewell to his iconic role as the host of "Wheel of Fortune," fans of the long-running game show may have noticed a surprising absence in recent episodes. Vanna White, the show's beloved letter-turner, was missing from her usual spot. However, there's no need to panic, as Vanna's absence is only temporary and not indicative of a permanent change.

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