FIVE Financial News
27.09 / 03:25
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"I'm not part of the Five Eyes...": EAM Jaishankar on sharing of intelligence over Nijjar's killing
S Jaishankar on Tuesday (local time) said that he is not a part of the intelligence group when asked for comment on the reported sharing of intelligence between Five Eyes countries on Hardeep Singh Nijjar's killing. He was asked about the reports citing the role of the Five Eyes group regarding the intelligence behind the killing of Khalistseparatist leader Hardeep Singh Nijjar, and reports of the FBI warning US Sikh leaders about «credible threats» to them. Responding to the question during the 'Discussion at Council on Foreign Relations' in New York, Jaishankar said, «I am not part of The Five Eyes, I am certainly not part of the FBI.
27.09 / 02:13
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Manipur News Live Updates: CBI team to investigate killing of two students in Imphal today
Catch all the LIVE updates on Manipur news here, External Affairs Minister S Jaishankar has said efforts are on in Manipur by the state and the central governments to find a way by which a sense of normalcy returns and there is adequate law-and-order enforcement."...I think one part of the problem in Manipur has been the destabilising impact of migrants who have come," he said Tuesday at the Council on Foreign Relations in response to a question on the situation in the northeastern state in India.Hours after photos of the bodies of two students, who had been missing since July, went viral on social media, the Manipur government has asked people to exercise restraint and allow authorities to investigate the "kidnapping and killing" of the duo.In a statement issued by the secretariat of Chief Minister N Biren Singh late on Monday night, the state government said the case has already been handed over to the Central Bureau of Investigation (CBI).Photos of two students, previously reported missing since July 2023, emerged on social media platforms.
27.09 / 01:47
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reports
ADIA looks to put $600 million into RIL's retail business
Mukesh Ambani’s sprawling retail empire. ADIA is seeking to invest $600 million into the organized retailing business of Asia's richest person, people aware of the developments told ET, at valuations that significantly exceed those during an earlier concluded round three years ago. ADIA is already an investor in Reliance Retail Ventures (RRVL), having bought a 1.2% stake for Rs 5,512.50 crore ($751 million) in October 2020, when the company raised Rs Rs 47,265 crore by selling 10.09% stake to a clutch of bulge-bracket investors that included Saudi PIF, Mubadala, GIC of Singapore, Silverlake, TPG and GA. From the previous bunch of investors, KKR has already made a follow-on investment of Rs 2,069.50 crore at a pre-money equity value of Rs 8.361 lakh crore ($100 billion), making RRVL among the top four companies by implied market capitalization in the country. Thus far, Qatar's $1-billion infusion has been the only fresh investment in the current round of fund raise. The current valuation is almost at a 60% premium to the last financing round three years ago, but is much lower than what most equity analysts perceive the value of the privately held retail business to be.
27.09 / 01:47
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LAFC vs. Tigres UANL live streaming: Where to watch Campeones Cup online? All you need to know
LAFC and Tigres UANL are set to face off for regional supremacy in the Campeones Cup this Wednesday. This event marks the fifth edition of the competition, which pits the current MLS Cup champions against Liga MX's Campeon de Campeones victors. LAFC is eager to continue MLS's impressive track record in this matchup, as MLS teams have emerged victorious in every edition of the Campeones Cup except for the inaugural one in 2018 when Tigres defeated Toronto FC. Here's a quick rundown of what you should be aware of before tuning in to the event.
27.09 / 01:17
26.09 / 23:05
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Booking
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stage
Global fund giant Ares predicts local boom in private equity lending
The head of global fund giant Ares Management’s Australasian unit says he expects direct lending to local companies to double over the next three years as more buy-out funds turn to asset managers for financing.
26.09 / 21:11
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Class action against Toronto real estate industry over commissions gets green light
After two years of deliberations, the Federal Court has granted approval for a class-action lawsuit alleging price-fixing and anti-competitive practices to proceed against the real estate industry in the Greater Toronto Area (GTA).
26.09 / 21:11
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FIVE
economy
Bank of Canada hikes done, but interest rates to stay high: economists
The Bank of Canada will hold its key interest rate near the current level of five per cent until the third quarter of 2024, economists say, with growth picking up momentum to end this year.
26.09 / 20:19
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Strategy
awards
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How mine safety became a winning strategy for Orica
Placing and detonating explosives at the face of an underground mine has always been a dangerous environment for mine workers.
26.09 / 20:19
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cover
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International
Lithium Power International lines up defence as Codelco circles
Lithium Power International, the locally listed South American explorer, has called in a defence advisor as the Chilean government’s mining group circles.
26.09 / 20:19
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Bill
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These five items drive your electricity bill
Household energy users who set out to electrify their homes and reduce their emissions footprints often don’t know where to start, says AGL.
26.09 / 20:19
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Digital
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services
Financial
Financial services elephants need the little guys
Global banking regulation has bolstered the case for bigger is better when it comes to financial services in the current age. But the bigger banks grow, the harder it is to innovate the types of solutions that deliver step-changes for customers.
26.09 / 18:35
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IPO
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2020
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KKR
KKR to carve out RE Sustainability unit
MUMBAI : KKR & Co. plans to carve out the municipality business from RE Sustainability Ltd (formerly Ramky Enviro Engineers Ltd) that it acquired five years ago, and sell the unit back to its original promoters, two people aware of the matter said. The private equity firm believes that removing the municipality business, which serves local governments, will make the company more attractive for potential buyers, the people cited above said.
26.09 / 18:05
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Halt imports of rough diamonds, trade association tells members
Mint has seen a copy of the letter that has other signatories— heads of Bharat Diamond Bourse (BDB) ,located in Mumbai’s Bandra-Kurla Complex, Surat Diamond Bourse (SDB), Mumbai Diamond Merchants’ Association (MDMA) and Surat Diamond Association . “India’s exports of polished diamonds have fallen by more than 25% in the January-August period as demand for loose polished diamonds and jewellery from key consumers like US and China has been materially affected, which is why we have appealed to our members to halt imports of roughs," Shah told Mint.
26.09 / 17:29
26.09 / 17:07
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CEO
Airlines
Boeing
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Training
Bond and notice period for pilots justified only when airline has invested in training them: Air India CEO Wilson
Air India CEO Campbell Wilson said that notice period and an employment bond for pilots is justified only when an airline has invested in training those pilots in a specific aircraft type. “I think if an airline is investing in training people, then it's quite common practice that there is some sort of bond with the organization and if someone leaves before the agreed period, there is a compensatory mechanism for the airline that has invested. This is quite different when the pilot has been already trained by someone else and you pick up because you have a desperate need because you have not prepared or invested in increasing capability,” Wilson said when asked if there should be a notice period for pilots. Wilson’s comment comes in backdrop of Akasa Air filing cases against Boeing 737 pilots which it said resigned without serving notice period of six months.
26.09 / 16:53
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stake
Bulk Deals Today: L&T Finance offloads stake in Zee Media; Madhusudan Masala, Kundan Edifice exchange hands
₹12.02. A bulk deal is a transaction in which at least five per cent of a company's total equity shares are traded all at once.
26.09 / 16:53
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Merit
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consequences
Seven-judge bench to review SC’s April arbitration verdict
New Delhi: Citing the “limitless uncertainty in the area of arbitration" at present, the Supreme Court on Tuesday preferred a seven-judge bench to review its ruling in April that held an arbitration clause is not enforceable in law if the agreement is unstamped or insufficiently stamped. The April judgment was expected to create further delays in appointment of arbitrators by adding one more layer of scrutiny, besides being contrary to India’s pro-arbitration stance.
26.09 / 16:17
26.09 / 15:57
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Schools
Manipur news: All schools closed till Friday amid protests against deaths of two students
mobile internet services for five days across the state. The curbs will remain effective in the state till 7.45 pm on 1 October, 2023, PTI reported quoting state government officials.
26.09 / 15:57
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India vs Australia 3rd ODI: Five players of Team India to miss Rajkot ODI. Details here
Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! “We have got 13 players at this point in time," said Rohit during the pre-match press meet.
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