FIVE Financial News

Oriana Power Ltd. announced on Monday the acquisition of two significant orders, totaling Rs 134.6 crore, for the establishment of solar capacities in Karnataka and Rajasthan. The first order, valued at Rs 100.2 crore, represents an engineering, procurement, and construction (EPC) contract obtained from a steel company.

offer for sale (OFS) of up to 268.78 million equity shares by the president of India, acting through the ministry of new and renewable energy, government of India. According to the DRHP, proceeds from the fresh issue will be used to augment Ireda's its capital base to meet its future capital requirements and onward lending. The company has appointed IDBI Capital Markets & Securities Ltd., BOB Capital Markets Ltd., and SBI Capital Markets Ltd.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “the massive rally that we have seen in smallcaps and lesser in midcaps is a function of the fact that from the middle of March, FIIs have been continuously pumping money into the stock market and largecap valuation has risen. Domestic fund managers, whether they be mutual funds or insurance companies or whoever, have been tending to sell the largecaps to the FIIs and reallocating that money into mid and smallcaps and that is one primary reason driving the rally.”One of your scheme’s NAV has hit Rs 900. It must have started from Rs 10 a unit, I am assuming. How many years did it take? What kind of compounding did investors get if they held on to it for that entire period?It has taken a little over 21 years and the compounding was 23.41% per annum. So it has been an incredible success story and those investors who stayed the course have obviously beaten every parameter that you can look at inflation, fixed deposit returns, anything else on such a thing. I think it reflects the growth of India because midcaps are India personified. The Indian story, the journeys of midcaps and domestic economy's growth, is reflected in this fund. And that will continue because as we all know now, the focus for the next half a dozen years, is back on the domestic economy.

SIP inflows for the month of August were at Rs.15,813 crore, well above the Rs.15,000 crore level for the second month, according to the latest mutual fund data released by the Association of Mutual Funds in India (AMFI).

While the domestic price of 24 carat Gold across cities today is around Rs 6000, those interested in investing in gold in the current festival season have an opportunity to do that at a discount from today through Sovereign Gold Bonds (SGBs).

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G20 Leaders' Summit held in Delhi culminated in a resounding endorsement of the 'Goa Roadmap' and the 'Travel for LiFE' program, propelling India to the forefront of sustainable tourism initiatives. The summit brought together global leaders, united by a common vision for a better world and emphasizing the pivotal role of tourism and culture in sustainable socio-economic development, read the Ministry of Tourism press release. An achievement during the G20 Leaders' Summit was the unanimous endorsement of tourism and culture as catalysts for sustainable socio-economic development and prosperity. The 'G20 Leaders Declaration,' adopted during the summit, emphasized the significance of the 'Goa Roadmap for Tourism' in achieving Sustainable Development Goals (SDGs), read the press release. The 'Goa Roadmap,' a flagship initiative of India's G20 Tourism Track, serves as a groundbreaking blueprint for global sustainable tourism.

Bino Pathiparampil of Elara Capital, says: “We have identified the cheapest stocks on a PEG basis and from among them, we have identified a few lists of stocks, which potentially look pretty attractive. Those include among the midcaps – Power Finance Corporation, Samvardhana Motherson, NHPC; among pharma names, Lupin and Aurobindo; among cement names, Dalmia Bharat and JK Cement, Zee Enterprises etc. “In the smallcap space that includes SJV and Bharat Dynamics, PVR Inox, J&K Bank, PNC Infratech, Marksans Pharma and Gabriel India. These valuations are still not stressed on a growth-adjusted basis, and we see potential for rerating from significant capital inflows into the mid and smallcap space.”What do you think is the cause of the stellar rally that we have witnessed? Do you think it is just a pullback from the earlier underperformance? Is it here to stay?We have seen a great rally in the small and midcaps in the last few months in this calendar year. We did some analysis to see how the outperformance of the rally pans out over a longer period. If we look at a 10-year timeframe, the smallcaps and midcaps have outperformed the Nifty by about 600 to 600 bps on the mid-cap index and 300 plus bps annualised for the smallcap index. But this outperformance comes down significantly if you look at the last five-year timeframe.

Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off plan and possibility of discord at the top. New group CEO Eddie Wu will concurrently become acting CEO and chairman of a unit grappling with weak sales growth ahead of an initial public offering (IPO) penned for next year. «We have mixed thoughts on this news,» said Morningstar analyst Chelsey Tam in a client note. «We think this latest change was not planned back in June and there are concerns of disagreements among Alibaba's partners.» In June, Alibaba said Zhang would relinquish his group CEO role to focus on the cloud unit, the firm's number two money spinner. The Cloud Intelligence Group, valued at $41 billion to $60 billion earlier this year, is among five units Alibaba is spinning off as part of the biggest restructuring of its 24-year history. Alibaba said it will continue with its plan to spin off the cloud unit under a yet-to-be-appointed management team.

«A lot of people were in denial mode but there is a major market shift. 55 is the new 32 for TVs,» said Avneet Singh Marwah, CEO at Super Plastronics Pvt Ltd, which is a brand licensee of five major global brands — Thomson, Kodak, Blaupunkt, Westinghouse and White-Westinghouse (trademark of Electrolux). Yet, this potentially implies more than just consumers' increasing preference for viewing thrilling sports or dramatic productions on a bigger screen.

It holds a special place in South Korean culture, consumed at various occasions, from intimate family gatherings to extravagant «mukbang» sessions watched by millions, including K-pop sensation Jungkook from the renowned group BTS. Paired with chilled lager, this combination, affectionately known as «chimaek» (a fusion of the Korean words for chicken and beer), is an essential part of the Seoul experience, particularly during baseball games. South Korea boasts the world's third-largest domestic fried chicken market, trailing only behind the United States and China, with a staggering worth of approximately seven trillion won ($5.3 billion).

Quordle puzzle is a tough nut to crack but we are here to help you through it. But before that, here's a quick brief about the game. Quordle was launched in January 2022. It was designed by Freddie Meyer keeping in mind Wordle characteristics but with a twist. In Quordle, you need to decipher four-five letter words unlike Wordle in which you have to crack single five letter word. The challenge is multiplied and so is the fun! It has become a morning tea ritual for the users to maintain their winning streaks playing this game. Quordle resets every midnight and brings in new puzzles everyday. It can easily be played on mobile browsers and Pcs. Quordle is free to play and is completely ad free. For beginners, it has provided a dashboard of practice games where they can try their hands on before playing the game live.

Shoaib Akhtar, who is known to be quite outspoken, is once again in the news for his comments. This time, a video is going viral on the internet in which he could be saying that the rain saved Pakistan. «I came to watch the match, we were all waiting, Indian and Pakistani fans. Rain saved us.

study abroad continues to be an exciting choice for students eager to broaden their horizons and enhance their career prospects. Yet, for lack of information or proper guidance, many of these students remain unaware of the expansive opportunities that preparation for a single examination can unveil – the GRE General Trest can indeed open doors to overseas education spanning numerous disciplines. The GRE test is a comprehensive and multi-faceted examination that not only caters to students pursuing law, courses in STEM and other professional courses, but also courses in business and management. Starting September 22, 2023, the GRE test will undergo several modifications. Among other changes, the test will notably see a reduction in the exam duration, making it a test of less than 2 hours total. This change makes the GRE the shortest exam for graduate, business, and law school admissions. Additionally, the official results of the GRE test will be available to test takers even faster than before, just 8-10 days post-examination. Each section of the modernized GRE test has also undergone change. The number of questions in the Quantitative and Verbal Reasoning sections have been reduced from 40 to 27 and the unscored sections of the test will also be phased out as of September 22. Further, the «Analyse an Argument» task in the Analytical Writing section has been eliminated and from now on the test will contain only one Analytical Writing essay, “Analyse an Issue.”

Big energy companies’ plans to turn Tasmania’s Bell Bay region into a hydrogen export mecca have taken a back seat as the Tasmanian government turns its focus onto domestic hydrogen projects.

Dhiraj Bommadevara showed some spark when he shocked two-time Olympic team gold medallist Kim Woojin 6-2 but lost his next two matches to return empty-handed as India ended their campaign with a solitary silver medal in the 'Archery World Cup Final'. Compound archer Prathamesh Jawakar won the country's lone medal despite India fielding their biggest-ever contingent of five archers in the World Cup's season-ending grand finale. Rising Indian recurve archer Dhiraj began his campaign on a rousing note when he rallied from 0-2 to pull off an upset 28-29, 30-28, 30-28, 29-26 win over the World No.

Wordle is an amazingly interesting game which has gained popularity worldwide for its amusing game of word play. It is like a hands-on game initially but when you get more into the game, it requires a lot of brain-storming, permutations and combinations.

Among the equity mutual fund categories, the sectoral/thematic category received the highest inflows of Rs 4,805.81 crore. The sectoral/thematic category has been receiving the inflows since the last three months.

Supreme Court lawyer and activist Prashant Bhushan alleged that the central government has been campaigning for the 'one nation one election' (ONOE) only to postpone upcoming assembly elections in five states. The assembly polls in Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana and Mizoram are due later this year. «ONOE cannot be implemented in a Parliamentary democracy like India because in our system a government can fall in midterm when it loses majority and a fresh government forms,» Bhushan told reporters here on Sunday. However, if the one nation one election will be implemented, in such a situation, Presidential rule will be imposed, which is against democracy, he claimed. «That means we are switching from democratic system to a presidential rule system.

India vs Pakistan, Asia Cup 2023: For the second time in a row, rain stopped India vs Pakistan match on Sunday at Colombo's R.Premadasa Stadium. The rains forced high voltage clash between India and Pakistan into a reserve day after just 24.1 overs of play in the Super Four match of Asia Cup 2023. Today, i.e.

Indian sugar stocks have been in the limelight for past two weeks with marquee scrips rising as much as 15-20%. This is amid concerns about a global sugar shortage. Avlean, the world's largest sugar trader, recently said it expects a sixth straight year of sugar deficit, as supply will be affected by a poor harvest in India.