FIVE Financial News

Sindhu Gangadharan, senior vice president and managing director of SAP Labs India has been appointed as vice chairperson of IT industry lobby group National Association of Software and Service Companies (nasscom). The announcement comes a week after Cognizant India's chairman and managing director Rajesh Nambiar, chairman and managing director was named as its chairperson. He was succeeding Anant Maheshwari, former president, Microsoft India, in the role. This means Gangadharan will assume the top chairperson role in the next cycle.

Hyderabad, a heated altercation over an extra serving of 'raita' at a popular biryani eatery took a grim turn, resulting in the untimely demise of a 32-year-old businessman on Sunday. This unfortunate scuffle also stirred mild tension in the vicinity. The victim, identified as Mohammed Liyaqat, hailing from Chandrayangutta and engaged in the pre-owned vehicles business, collapsed within the premises of Panjagutta police station.

Apple Inc.’s iPhone debuts have historically been a sell-the-news event for the stock, but the weeks following often provide an even better opportunity to buy the dip. Over the past five years, September has been the worst month of the year for Apple, with the shares averaging a decline of 4.5%, compared with a drop of 3.2% for the S&P 500. At the same time, October has been among the best, with an average gain for Apple of 3.8% over the same period. “If you’re a long-time holder and you see this as becoming a consumer staple company, these pullbacks are opportunities,” said Gene Munster, managing partner and co-founder of Deepwater Asset Management. Image While the stock has usually risen in the months ahead of the event, this year’s lead up has been troubled.

Go First, on Tuesday, told the National Company Law Tribunal that their assets were not covered under moratorium, as they had terminated their leases before the airline was admitted for insolvency. Go First's engine lessors argued that even in the reply filed by Go First’s resolution professional, no questions were raised on the grounds of termination and the legal possession of engines should be given back to lessors. The senior counsel, representing Go First’s RP, in turn, noted that the fundamental question to answer was why the lease agreements were terminated one or two days after the petition of voluntary insolvency under Section 10 of the Insolvency and Bankruptcy Code, 2016, was filed by the airline. The termination was “on the grounds of insolvency, but not on the grounds of payments,” he further stated, pointing out that if the airline had failed to pay dues, then why was termination initiated two or three days after the filing of Section 10 petition. The Wadia group-owned airline had filed for voluntary insolvency on May 2, which was admitted on May 10, placing a moratorium on assets. The NCLT heard the arguments of two engine lessors, who are not party to the cases going on in the High. SMBC Aero Engine Lease BV, which had leased five engines to the beleaguered airline, informed the tribunal that once the default occurred, a lease payment deferral agreement was signed in December 2020. The lessor sent a demand notice on March 17, 2023, whereas the termination was done on May 4, six days before the company was admitted to insolvency. The other engine lessor, Engine Lease Finance BV, also argued on similar grounds with respect to four of its engines leased to the airline. The counsel for engine lessor ELFBV

₹20,000, catering to a wide range of needs, from gaming to vlogging. The realme 10 Pro 5G is currently available on Amazon at ₹19,060. Customers can avail a five per cent instant discount up to ₹250 on HSBC credit Card transactions.

Immigrant farm workers would receive new protections under a Biden administration proposal to be announced Tuesday

Nobel Peace Prize winner Maria Ressa has been acquitted of a final tax evasion charge though she still faces two remaining legal cases she believes the former Philippine president used to muzzle her critical reporting

Shah Rukh Khan on his way to create a hat-trick at the box-office? After rescuing Bollywood from a dry spell with the action-packed espionage thriller ‘Pathaan’ earlier this year, King Khan is back with another action-extravaganza ‘Jawan’. Armed with a stellar cast, led by the Bollywood Baadshah in a dual role, ‘Jawan’ has created history at the box-office. As per a report by the Indian box-office tracking portal Sacnilk.com, ‘Jawan’ has crossed Rs 319 crore at the domestic box-office within five days of its release! In Hindi, the action flick minted Rs 282.58 crore, in Tamil and Telugu, the film earned Rs 21 and Rs 15 crore respectively. ‘Jawan’ is also the only movie to cross Rs 35 crore in dubbed languages. Film critic and trade analyst Taran Adarsh took to Twitter to share the box-office collections of the movie. “300 CR NOT OUT *TODAY*… UNSTOPPABLE — UNSHAKABLE… #Jawan SUPERB HOLD on a working day [Day 5], after a 4-day *extended* weekend… Thu 65.50 cr, Fri 46.23 cr, Sat 68.72 cr, Sun 71.63 cr, Mon 30.50 cr. Total: Rs 282.58 cr,” he wrote.

Sufiya Sufi's incredible journey from a baggage handling officer at the IGI airport in Delhi to a world-renowned ultra-runner is a testament to determination and resilience. Sufiya, who has earned five Guinness World records, including a remarkable 4,000 km run from Kashmir to Kanyakumari in just 87 days, has defied all odds to achieve her dreams. For Sufiya, running is more than just a sport; it's a form of therapy that allows her to shed the burdens of everyday life.

New Delhi: The India Meteorological Department (IMD) has forecast a low-pressure system developing over the northwest and west-central Bay of Bengal in the next 24 hours. The system is expected to intensify and move west-northwest across the coasts of south Odisha and North Andhra Pradesh, generating widespread rain in northwest India through Saturday. A trough extending from southwest Uttar Pradesh to the Bay of Bengal is likely to cause thunderstorms and isolated heavy rainfall over southern Uttar Pradesh today, and in Uttarakhand from Wednesday to Saturday.

sedition law challenge case since Bharatiya Nyaya Sanhita is under consideration by a standing committee, according to Bar and Bench reports. During the hearing, CJI DY Chandrachud led-bench clarified that the new law will have no impact on the constitutional validity of Section 124A IPC since penal laws have only prospective effect and no retrospective effect, the report said. The top court directed the matter of reconsideration of Kedarnath Nath Singh's judgment to be listed before a bench of at least five judges, the Bar and Bench report added.

Quordle is a Wordle-Dordle inspired internet based game. It requires you to decipher four- five letter words in nine attempts. Quordle was designed by Freddie Meyer back when Wordle was on its peak. Quordle can be played easily on mobile browsers or Pcs. It does not require any fighy sign ins or logins.

United Nations Security Council (UNSC). Among other things, India has called for the expansion of the permanent membership of the body, which currently includes only five countries. The reform of international institutions also featured prominently in deliberations at the G20.

Biotech deals which fetch 20-times sale multiples give Street Talk the tingles: here’s a new name to watch.

Extra scrutiny on the consulting industry after the PwC tax leaks scandal has obliged firms to release unprecedented detail about partner pay, highlighting a disparity between the average pay of the five largest firms by revenue.

Pee Safe, a hygiene and wellness brand has raised $3 million in a Series B funding round led by Natco Pharma Limited, and Rainmatter Health. Nithin Kamath and Nikhil Kamath, founders of Zerodha. Alkemi Growth Capital, an existing investor, also participated in the round. «This funding will accelerate our expansion efforts and establish us as the leading brand in the rapidly growing intimate wellness sector, which boasts a remarkable CAGR of 16%,” Vikas Bagaria, founder and CEO of Pee Safe adding that over the past five years, the brand has achieved a growth rate of 100% CAGR, surpassing market expectations.

Domestic steel prices are expected to remain at Rs 59,000 per tonne (flat steel) and Rs 56,000 per tonne (long steel) on pre-election spending, during the current financial year, a note from CRISIL Market Intelligence and Analytics said. According to the note, the higher prices will remain despite a slowing global economy. This commentary comes a day after India imposed anti dumping duty on flat based steel wheels from China. Smoldering domestic demand, rising coking coal prices and production related dynamics in China, the world’s largest steel maker, are also likely to prevent the slide of prices in India. «Domestic demand is poised to grow in double digits for the third consecutive year, buoyed by pre-election spending this fiscal.

Also Read: India vs Pakistan Highlights, Asia Cup 2023 Updates: India secures biggest win against Pakistan by 228 runs The 31-year-old had sustained an injury during the lead-up to the Asia Cup, causing him to miss the tournament's group stage. His return to the playing XI was only possible because Shreyas Iyer encountered a similar issue during the warm-up session. KL Rahul, who had recovered from his injury, demonstrated his gratitude to the selectors by delivering an outstanding century in his return match against Pakistan.

Multibagger stock: Railway stocks have been in uptrend in recent sessions. In last five sessions, Indian Railway Finance Corporation or IRFC share price has risen over 20 per cent whereas RVNL share price surged over 17 per cent in this time. RailTel share price went up around 3 per cent in this time.

Noida. As per a TOI report, he remained in the hideout while police tirelessly searched for Singh. The police even dispatched a team to Nepal, suspecting that he might attempt to flee the country, given his British passport. According to the police timeline, Renu's was murdered between 9:30 am and 10:00 am on Sunday.

In a coordinated cross-border operation, Thai authorities have arrested four Chinese nationals and one Lao citizen suspected of orchestrating a massive 2.7 billion baht ($76 million) crypto scam, Bangkok Post reported.