FIVE Financial News
21.09 / 18:24
21.09 / 18:23
21.09 / 18:23
UPS
Citi
FIVE
Action
Apple
2020
Jimmy Lai's son fears Hong Kong media mogul may die in detention while awaiting trial
The son of jailed Hong Kong media mogul and prominent pro-democracy activist Jimmy Lai says he doesn't want to see his father die in detention, as his lawyers raised the prospect that his long-delayed trial may be pushed back indefinitely
21.09 / 17:45
MET
FIVE
BLOCK
Bill
President
reports
us house
House Republicans
Shutdown looms as US House Republicans again block own spending bill
By David Morgan and Richard Cowan
21.09 / 16:53
21.09 / 16:53
21.09 / 16:27
Provident
FIVE
awards
country
Adani Group bags Rs 13,888 crore worth contracts for smart meter installation in Maharashtra
Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters. A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communique from the discom seen by PTI. The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said. The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said. Letter of Awards have been issued to the successful firms, as per the communique. Officials from Adani Group were not immediately available for comment. The group's transmission arm Adani Energy Solutions, which was earlier known as Adani Transmission, is active in the smart meter segment. According to sources in the know, with these wins, Adani Group will emerge as the largest smart meter supplier in the country, commanding a 30 per cent share of the market.
21.09 / 16:27
21.09 / 16:01
UPS
Provident
FIVE
Airlines
economy
travelers
IndiGo, British Airways sign codeshare pact
New Delhi: India’s largest airline IndiGo has signed a codeshare partnership with UK flag carrier British Airways InterGlobe Aviation-promoted IndiGo currently has codeshare partnerships with Turkish Airlines, Qatar Airways, Qantas, Virgin Atlantic, KLM, American Airlines, and Air France. Under a codeshare agreement, airlines agree to sell seats in each other's flights in order to provide their respective customers a wider network. With this codeshare partnership with IndiGo, British Airways will now be able to add three additional routes to their existing network, including Rajkot to London Heathrow via Mumbai, Vadodara to London Heathrow via Mumbai and Thiruvananthapuram to London Heathrow via Mumbai.
21.09 / 14:27
21.09 / 13:57
FIVE
President
Shell
reports
volunteers
Manipur: Curfew reimposed in Imphal twin districts after mobs try to storm police stations over arrest of 5 youths
Authorities reimposed curfew in the twin districts of Imphal from 5pm Thursday after protesters try to storm police stations and court arrest demanding the unconditional release of the five youths arrested last week for carrying sophisticated weapons and donning camouflage uniforms, PTI reported. More than 10 people were injured when Manipur security forces and RAF personnel fired tear gas shells on protesters to disperse the crowd trying to storm police stations Hundreds of protesters holding placards and shouting slogans tried to enter the Porompat police station in Imphal East and Singjamei police station and Kwakeithel police outpost in Imphal West district, the report said.
21.09 / 13:14
Provident
FIVE
Digital
Software
President
show
reports
GenAI to generate economic value worth $2.6-$4.4 trillion annually: Report
Generative AI (GenAI) is expected to generate economic value worth $2.6-$4.4 trillion annually, of which around 75 per cent is expected to be concentrated in software engineering, customer operations, product and R&D, and sales and marketing, which are core service lines of many technology service providers in India, a new report showed on Thursday. Emerging GenAI use cases will drive productivity, growth for tech services players with reimagined service offerings over next 5 years, according to the report by Nasscom in association with McKinsey & Company.
21.09 / 12:19
COST
Provident
FIVE
Aviat
Action
Airlines
regulatory
India’s pilot shortage is compounded by regulatory overreach, unplanned growth
₹21 crore in damages from the pilots for failing to serve the mandatory notice period of six months for pilots and one year for commanders. Damages have been sought on account of revenue loss caused by cancelled flights, reputational loss to the airline, and the costs it had incurred on training the pilots. The airline simultaneously moved the Delhi High Court, asking it to take action against the pilots.
21.09 / 12:17
UPS
FIVE
reports
People of MP eager to unseat state's BJP govt, claims Congress leader Kamal Nath
Bharatiya Janata Party government in the upcoming Assembly polls in Madhya Pradesh, state Congress chief Kamal Nath said on Thursday. Corruption is rampant in MP and a new scam comes to light each day, he told reporters in Patan area here. «The people of MP are actually impatient to unseat the Shivraj Singh Chouhan government.
21.09 / 12:07
Citi
FIVE
Remark
Celebrity
country
stars
reports
open
play
Lionel Messi injury update: Will Argentine soccer superstar play in US Open Cup Final? Inter Miami coach answers
Inter Miami won 4-0 even without their talisman leader. Messi was laboring with what appeared to be a leg issue. Inter Miami coach Gerardo «Tata» Martino said after the game that the Argentine star will miss Sunday's game at Orlando. «He had an old injury that had been bothering him,» Martino said, as relayed through a team official who translated his remarks from Spanish to English, as per an AP report. It was the second big injury blow for Inter Miami on Wednesday. Jordi Alba — another celebrated midseason addition — had to leave in the 34th minute, shortly before Messi's night was over. Alba will not play Sunday, either.
21.09 / 11:25
MET
FIVE
Progressive
economy
show
Bank of Canada mulled rate hike in face of stubborn inflation
When the governing council of the Bank of Canada met at policy-setting meetings beginning Aug. 31 to consider pausing or increasing the central bank’s key overnight interest rate, they concluded that earlier rate hikes were beginning have an effect on the economy.
21.09 / 11:13
UPS
Provident
Target
FIVE
Digital
Kraken
Bit Trade sued by ASIC over design and distribution failures
The Australian Securities and Investments Commission (ASIC) alleged that Bit Trade, the provider of the Kraken crypto exchange to Australian customers, did not make a target market determination before offering its margin trading product to Australian customers. Design and distribution obligations (DDO) are legal requirements for firms that offer financial products in Australia, requiring products to be designed to meet the needs of customers and to be distributed in a targeted manner. ASIC noted that Bit Trade provides credit to buy and sell certain crypto assets on the Kraken exchange, and customers are able to receive an extension of credit of up to five times the value of the assets they used as collateral. The regulator claimed that, since DDO began in October 2021, at least 1,160 customers had used Bit Trade’s margin trading product, incurring a total loss of about A$12.95 million (£6.74 million). Despite being notified of the ASIC’s concerns in June 2022, the regulator alleged that Bit Trade has continued to offer the product without making the appropriate determinations.
21.09 / 10:37
UPS
FIVE
Entertainment
Strategy
NIFTY
performer
6 fund categories to go for in terms of market cap allocation in 2023
Feroze Azeez, Deputy CEO, Anand Rathi Pvt Wealth, says “the implied exposure should be at least 50-55% in largecaps, 20% in midcaps and about 25% in smallcaps. On January 2, 2023, we realized that smallcap is going to go through a huge price or PE re-rating. So, in terms of market cap allocation, the funds which one should choose from should be in multi-cap category, large cap category, contra, dividend yield and flexi cap. These are the five categories one should focus on. The one other category could be a focused fund which is SBI Contra. Don’t get into sectoral bets, especially in a year preceding a general election.”Can you give an overview on what kind of strategies on a broader level have worked for what kind of funds?Yes, there are several strategies which have worked while some have not worked in different periods of time.
21.09 / 10:30
FIVE
NIFTY
SENSEX
Indus
rock
recommendations
pension
fall
India-Canada news: Kotak Bank, Zomato, Paytm, other shares with Canada Pension Fund investment fall
Kotak Mahindra Bank Ltd, Zomato, Paytm and other companies with significant investments from Canada Pension Plan Investment Board (CPPIB) declined as the fresh tensions between India-Canada relationship escalated. Canada Pension Plan Investment Board is the largest pension manager in Canada and has significant holdings in some of the Indian companies. CPPIB disclosed an investment of $21 billion ( ₹1.74 lakh crore) in India about a year ago.
21.09 / 09:41
Provident
FIVE
Citizens
TCS
Death
country
reports
place
Mutual Funds, new TCS rates to demat accounts: Five personal finance rule changes taking place from next month
Personal Finance rule changes from 1 October 2023: The deadline for adding nominees for mutual fund folios, demat, and trading accounts is 30 September 2023. New TCS rule on overseas expenses to come into effect from next month. This could also be the last month for exchanging ₹2,000 notes.
21.09 / 09:17
FIVE
Reuters
economy
Taiwan cuts GDP outlook on weak global demand, keeps rates unchanged
TAIPEI (Reuters) -Taiwan's central bank cut its 2023 economic growth forecast for the export-reliant economy due to sluggish global demand though predicted better growth next year, while it kept rates on hold on Thursday as inflationary pressures cool.
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