FIVE Financial News
25.09 / 12:41
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Apple
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Department
Apple supplier Pegatron temporarily halts iPhone production in India after factory fire
Taiwanese company canceled all shifts for the day at the factory located near Chennai in Tamil Nadu state. It has not yet communicated to assembly workers whether the facility will resume operations on Tuesday, as per the Reuters sources. In a statement given to the agency, Pegatron confirmed that there was a spark incident at the facility, which is now under control.
25.09 / 12:35
UPS
Lowe's
FIVE
reports
Indian
The U-shaped link between an Indian wife's job and her husband's salary
Periodic Labour Force Survey (PLFS) upends the common gender norm of the “male breadwinner” norm, i.e. husbands are considered the primary earners with wives contributing to household income only if necessary. According to the State of Working India 2023 report by Azim Premji University which analyses PLFS data, in the households where the husband’s earnings are high, the probability of the wife being employed is low, controlling for individual and household factors. The fall in this probability slows down as husband’s incomes increase in rural India, while for urban areas, there is a reversal beyond a certain level of income. As husband’s earnings keep rising, from approximately ₹40,000 per month onwards, there is an increased likelihood of wives being employed.This U-shaped pattern could result from a change in norms with rising incomes or it could also be due to the fact that such husbands are matched with higher educated wives who have preferences as well as opportunities to access better paid work.
25.09 / 11:45
25.09 / 11:33
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PM Narendra Modi compares Congress with ‘rusted iron’. Top quotes from his Bhopal rally
Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! "First, the Congress was ruined (electorally) and then it turned bankrupt. The Congress has been now leased out on a contract. They are coining its policies and slogans.
25.09 / 11:33
IPO
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information
Kody Technolab IPO allotment finalised: Latest GMP, here's how to check allotment status
Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d If you have applied for Kody IPO, you can check your Kody IPO allotment status immediately on the website of the IPO registrar, Kfin Technologies Ltd. You can check the Kody Technolab IPO allotment status of your application on the Kody Technolab IPO allotment link - https://ris.kfintech.com/ipostatus/ When you click the link mentioned above, you will see 5 links where you can see the status. Open one of the five provided links, then select Kody Technolab Limited from the dropdown menu in the select IPO section.
25.09 / 10:57
Citi
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Fighting
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reports
Russia strikes Odesa, damaging port, grain infrastructure and abandoned hotel
Ukraine's air force reported downing all Russian drones overnight, but one of 12 Kalibr missiles and two P-800 Oniks cruise missiles apparently made it past air defences the day after the war in Ukraine entered its 20th month. Russia has continuously targeted port and grain storage facilities in Odesa since pulling out of a deal that allowed Ukrainian grain exports to countries facing the threat of hunger. The attacks have destroyed silos, warehouses, oil terminals and other infrastructure critical for storage and shipping. In the south, Russian forces dropped bombs and launched six heavy artillery strikes on Kherson, destroying a school and factory and damaging residential buildings.
25.09 / 10:57
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gatherings
What is a credit score? 5 ways to build good CIBIL score
Shweta Jain, Founder, Investography, says “there are two things to remember when you are inquiring. There is a soft inquiry that you yourself are doing. So, when you are checking on whether it is the CIBIL website or a GPAY website, for example, that also lets you check your CIBIL score or a site like a BankBazaar. You can check on your own by putting some basic information, that is called a soft inquiry because you are not really applying for a loan or anything versus if you are applying for a credit card or a loan, they will check your credit score which means that is a hard inquiry.”What is credit score? What is the likely range of a credit score, which credit score is considered to be the best one? Also, how can we build a good credit score?So, a credit score is a three-digit number between 300 and 900 that tells institutions how credit-worthy you are. The lower your number is, the worse off the credit score is and the higher it is, the better it is. It is basically a number that is issued by an institute like, say CIBIL, which gathers information about you. All the banking, financial history, transactions that you are doing, this information is collated and a number is assigned to you and that is a number between 300 and 900.
25.09 / 10:25
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Punjab police raids premises of Khalistani extremist Lakhbir Singh's associates amid India-Canada row | Watch
Khalistani extremist on the radar of National Investigation Agency (NIA). According to media agency reports, raids have been conducted at 48 places in the entire district and many people have also been detained.
25.09 / 09:51
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GST evasion case: More than 100 online gaming firms likely to be investigated, says report
Goods and Service Tax department seeking ₹21,000 crore from an online gaming platform. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Mishra issued notice and sought a response to a plea of the Directorate General of Goods and Services Tax intelligence from the Karnataka-based online gaming platform Gameskraft. “There are over 100 companies registered domestically with online gaming federations.
25.09 / 09:37
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How surety bonds can be made at par with bank guarantees— explained
Insolvency and Bankruptcy Code (IBC), PTI news reported. While presenting the Union Budget 2022-23, Finance Minister Nirmala Sitharaman said that the use of surety bonds as a substitute for bank guarantees will be made acceptable in government procurement. Surety bonds are third-party guarantees issued by the insurance companies on behalf of the applicant (i.e.
25.09 / 09:16
FIVE
performer
SBI Focused Equity Fund completes 19 years
SBI Focused Equity Fund, the largest focused fund by assets under management (AUM), has completed 19 years. The scheme manages an AUM of Rs 29,473.64 crore. The scheme was launched on September 17, 2004. A lump sum investment of Rs 1 lakh at the time of inception, would be worth approximately Rs 26.88 lakh. That means the scheme has generated a CAGR of 18.91%. In terms of SIP performance, an SIP of Rs 10,000 every month since inception, the investment would have grown to Rs 26.93 lakh now. In the 10-year horizon, the scheme offered a XIRR of 15.66%. The scheme is benchmarked against S&P BSE 500 TRI. The benchmark offered 15.3% in the same time period.
25.09 / 09:15
UPS
Citi
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MAIL
country
reports
India considering Rs 60,000 crore housing loan interest subsidy scheme
Banks are likely to roll out the scheme in a couple of months, ahead of key state elections later this year and general elections due in mid-2024. Last month, the South Asian country cut cooking gas prices for households by about 18% to rein in inflation ahead of elections. Indian Prime Minister Narendra Modi announced the plan in a speech in August to mark the country's Independence Day, but its details have not been previously reported. The scheme will offer an annual interest subsidy of between 3-6.5% on up to 0.9 million rupees of the loan amount.
25.09 / 09:15
Citi
FIVE
Action
Shell
Unitech Case: ED provisionally attaches land worth over Rs 125 crore
land worth Rs 125.06 crore belonging to Unitech Infopark Limited in connection with its probe into money laundering allegations arising out of complaints from home buyers of the Unitech group, officials said Monday. The ED has provisionally attached 39.83 per cent share of 4.79 acres of land that forms part of the Uniworld City township at Nallambakkam in Chennai. «The value of the land attached is Rs 125.06 crore.
25.09 / 09:01
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Time
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Small-cap stock below ₹20: BSE-listed Gujarat Toolroom shares hit life-time high on fifth day in a row. Do you own?
Small-cap stock below ₹20: Gujarat Toolroom shares are one of the circuit to circuit stocks on Dalal Street. The small-cap stock priced under ₹20 has been hitting upper circuit and record high for the last five straight sessions.
25.09 / 09:01
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Have foreign shares in stock portfolio? New tax rule applying from next month
tax collection at source (TCS) rate on forex outward remittances by resident individuals under Liberalised Remittance Scheme (LRS) has been hiked. Starting 1 October 2023, the new TCS rate for forex outward remittance will be applicable. The tax collection at source or TCS is collected by the seller at the point of sale.
25.09 / 08:29
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Airlines
Hudson
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Qantas cancellations on Canberra-Sydney route hit record altitude
Canberra Airport boss Stephen Byron has called on Qantas to give a free flight to every passenger on the Canberra-Sydney route who has been stuck on the tarmac after the airline’s monthly cancellations hit a record high of almost 15 per cent.
25.09 / 08:29
25.09 / 07:17
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2020
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Husband's higher earnings lead to fluctuating employment likelihood for wife: Study
₹40,000 (approx) per month, a study has found. A common gender norm is the “male breadwinner" norm, that is, husbands are considered the primary earners with wives contributing to household income only if necessary. However, the study showed that in households where the husband’s earnings are high, the probability of the wife being employed is low.
25.09 / 07:17
UPS
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Tax Saving Options for Salaried Employees in 2023
home loan tax benefits available to them, they cannot sell their home within five years of buying it. Doing so would lead to the income tax benefits that one has claimed getting automatically reversed. Further, only those home loan borrowers can claim tax benefits under Section 80C who are also co-owners in the property.
25.09 / 07:01
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Stocks to buy this week: Maruti, Union Bank of India, Coal India among eight technical picks; do you own any?
₹18,260 crore, so far this month. Since valuations remain high even after the recent pullback and US bond yields are attractive (the US 10-year bond yield is around 4.46 per cent) FIIs are likely to press sales so long as this trend persists," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "It would be irrational to expect the FIIs to buy aggressively when the US 10-year bond yield is around 4.46 per cent and the dollar index is above 105.
25.09 / 07:01
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'PM troubled by MP CM's lies..' Kamal Nath mocks Shivraj Singh Chouhan
₹450, whereas the Prime Minister says that you will give a cylinder for ₹900. He further stated, "During the Prime Minister's visit to Sagar district, you told him that the Congress government did not pay attention to Bundelkhand whereas the UPA government had given a special Bundelkhand package of ₹7200 crore to the Bundelkhand region." Earlier, when Home Minister Amit Shah was asked about the CM face for MP polls this, he said that the party would decide on the Chief Minister's post only after the elections.
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