FIVE Financial News
07.09 / 09:43
FIVE
Apple
voice
generative AI
Apple is spending millions of dollars per day to bring generative AI capabilities to Siri, says report
Apple is reportedly spending millions of dollars on research and development daily in order to boost the conversational features of Siri. Reportedly, Apple is working on multiple AI models across various teams. According to a report by The Information, Apple's unit that is working on Conversational AI is called Foundation models while the company has created two other teams that are working on developing image or language models.
07.09 / 09:43
Citi
Target
FIVE
Action
Southern
Inside
Five drones shot down in Russia, one targeting Moscow, officials confirm
Russia and Ukraine, five drones were shot down overnight in three Russian regions, with one targeting the capital city, Moscow. Fortunately, there were no reported casualties from these incidents. Meanwhile, Russia continued its fourth day of air attacks on Ukraine's port city, Izmail, situated on the Danube River.
07.09 / 09:29
UPS
FIVE
CEO
Remark
Dreams
SBI Mutual Fund invests ₹410 crore through preferential issue in this Rekha Jhunjhunwala stock
Stock market today: Nazara Technologies Limited today announced that its board has approved an issue of Equity Shares having face value of ₹4 each, to raise up to ₹410 crores, on preferential basis, subject to the receipt of approval of the shareholders of the Company and such regulatory / statutory authorities as may be applicable. Rekha Jhunjhunwala-backed company is proposing to issue 57,42,296 Equity Shares at a price of ₹714/- per Equity Share aggregating to ₹4,099,999,344 or ₹410 crore to SBI Mutual Fund, by way of preferential issue on private placement basis.
07.09 / 08:53
07.09 / 07:43
Provident
FIVE
Puzzle
Wordle September 7: Hints, answer to today's word puzzle
Wordle is back with another round of word puzzle for today. Today's Wordle puzzle is quite an easy one. If you are finding it tricky, here we have provided some hints to get you through it. For newcomers, here is what the game is about. Wordle is a word puzzle game where you to have crack a five letter word given in a grid. You have to randomly type in letters to decipher the word in six attempts. Wordle challenge keeps on changing. Each day brings in a new Wordle challenge. Wordle was designed by Engineer Josh Wardle for his family initially till it was bought for an undisclosed amount by New York Times. Wordle is now available to play on the New York Times website. It does not require any sign in or log in requirements. Wordle has gained immense popularity since it has been released. People believe it has become their morning tea ritual to play Wordle and maintain their winning streaks. So, what are you waiting for ..Go and play Wordle. It is an amazing brainstormer and a quality game.But, here are some rules to the game:
07.09 / 07:09
UPS
FIVE
Strategy
Chase
country
A higher global oil price will help Russia pay for its war
record volumes in recent months, despite Western embargoes, dwindling domestic production and the risks of navigating the Black Sea, Russia’s crude shipments fell to 3m barrels a day (b/d) in August, some 800,000 lower than the April-May average and below pre-war levels. They are likely to remain sub-par. On September 5th Russia said it would extend a “voluntary" 300,000 b/d cut first announced for August to the end of 2023 (the baseline for this reduction is unclear).
07.09 / 07:09
UPS
Lowe's
FIVE
ETF
CEO
performer
fund launches
asset allocation
DSP Mutual Fund launches DSP Multi Asset Allocation Fund. Five things to know
gold ETFs, other commodities, and ETF and exchange Traded Commodity Derivatives (ETCDs), aiming to reduce overall risk. DSP MAAF will allocate assets based on 3 key but simple factors – long-term expected returns from different asset classes, their realized volatility, and the correlation among each asset class. The key idea is that when assets with low correlation among one another are added to a portfolio, even if one asset class faces a downturn, another one might perform well, potentially smoothening out the investor experience.
07.09 / 05:49
UPS
Provident
Target
FIVE
show
country
NOT
Why China's response to economic challenges is not working
China on Thursday showing falling exports fanned more fears about a slowdown in the world's second-biggest economy, which has struggled with its post-Covid recovery. Governments and markets alike are concerned about these indicators — the size of China's economy and its connections with the rest of the world mean any ups and downs are felt far and wide. Here is a rundown of the problems facing China's economy, and why analysts believe Beijing is not doing enough to fix them: The abandonment of tight pandemic restrictions in December set off a gradual resumption of consumer activity in China as people started dining out, shopping and using public transport more frequently. But the highly anticipated economic rebound was weaker than expected and did not reach all sectors — industrial production, for example, is still struggling. And a post-Covid rally has since completely run out of steam. As many other major economies grapple with inflation, consumer prices in China fell by 0.3 percent year-on-year in July to enter deflation — a sign of sluggish demand. Youth unemployment rose so high in June that authorities suspended the publication of that data, while traditional growth engines such as exports, real estate and consumption remain stalled. Analysts say these trends are increasingly pushing China's annual growth objective of around five percent out of reach. Property development and linked industries have been a key pillar of the Chinese economy in recent years, providing a sizeable chunk of its GDP. But the sector is in a deep crisis. Many leading developers including Evergrande and Country Garden have come under increasing financial pressure lately, with their astronomical levels of debt bringing bankruptcy concerns to
07.09 / 05:37
COST
Provident
Target
FIVE
Progressive
track
‘Way behind’: NSW commits $1.8b to rescue transition
The NSW government has committed $1.8 billion from its upcoming budget in a bid to get back on track for its 2030 renewables targets, but the investment in batteries and transmission will not be enough to head off the extension of the Eraring coal power station.
07.09 / 04:55
COST
UPS
Lowe's
Target
FIVE
JPMorgan
TCS
Hot Stocks: Brokerages view on TCS, Infosys, Indigo, and HDFC Bank
TCS and upgraded Infosys to neutral from reduce. Goldman Sachs maintained a buy rating on Indigo while Macquarie maintained an outperform rating on HDFC Bank and CLSA initiated a buy on Amber Enterprises.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on TCS: Underweight| Target Rs 2650 JPMorgan maintained an underweight rating on TCS with a target price of Rs 2650. The IT company announced a large deal win from JLR worth $1bn TCV over five years. Net new deal that will add $200mn annually to revenues and could potentially add 0.35% each to FY24 and FY25 growth. JLR deal along with the BSNL and Nest deals could together potentially add 3.5% to Q3 growth and 1.8% each to FY24 and FY25 growth. Nomura on IT sector: TCS maintain reduce| Infosys upgraded to neutral Nomura remained cautious on the IT sector given limited visibility on a significant turnaround in discretionary demand for IT services. The revenue growth is likely to pick up in FY25F, aided by large deals.
07.09 / 04:13
Lowe's
FIVE
Fallout
NIFTY
show
India’s $775 billion stock boom at risk as smallcaps overheat
Indian equities that has swelled the market’s total valuation by $775 billion in a little more than five months has been accompanied by a notable shift in investor preference to smaller stocks. That poses risks as gauges of small and mid-cap shares show signs of overheating, and as the domestic economic outlook becomes more clouded ahead of national elections next year. Smaller companies are seen benefiting more from the ongoing recovery in India’s capital expenditure. Larger stocks, in contrast, have been relatively restrained by worry over the impact of a possible global recession on the nation’s major IT firms, as well as fallout from a short-seller campaign against the sprawling group controlled by billionaire Gautam Adani. The trend is the opposite to what has been seen in the US stock market, which has been driven by a handful of technology megacaps surging on the boom in artificial intelligence, leaving small caps in the dust. The Nifty Midcap 100 Index has risen 37% from a March low, compared with a 16% gain in the blue-chip NSE Nifty 50 Index, driving the ratio of the former to the latter to an all-time high.
07.09 / 04:13
UPS
IPO
FIVE
Digital
Waters
Will Haldiram's be a good fit for Tata Consumer? Abneesh Roy answers
Abneesh Roy, ED, Institutional Equities, Nuvama, says Tata Consumer can definitely acquire Haldiram’s. I do not see that as the issue. The issue is what will be the EPS accretion in any of these kinds of large valuation deals in the first one or two years. I would say that it is EPS dilutive in most such acquisitions. That is the bigger question rather than the ability of Tata Consumer to go for such a deal.Tata Consumer is looking to buy 51% stake in Haldiram's. Tata Consumer has been talking about how they want to expand their food business. Do you think this could be a good fit for Tata Consumer?Definitely, Tata Consumer wants to transform its portfolio. And if you see, even organically and inorganically, they have been doing multiple initiatives in the last three years since Sunil D'Souza has taken over as MD. Earlier, we saw Soulful being acquired in the breakfast series and the kind of scale-up they have done. And they have done multiple launches in their existing brands. They are very clear that because now distribution also has doubled, they want to be a very different portfolio three years, five years down the line.
07.09 / 04:01
07.09 / 04:01
07.09 / 03:13
COST
UPS
Lowe's
FIVE
show
Low
week
Gold hovers near 1-week low as dollar firms after US data
Gold lingered near a one-week low on Thursday following five consecutive sessions of declines, while the dollar sat atop mid-March highs after data showed the U.S. services sector unexpectedly gained steam in August.FUNDAMENTALS * Spot gold was up 0.1% to $1,917.99 per ounce by 0120 GMT, its lowest level since Aug.
07.09 / 01:07
UPS
FIVE
Manufacturing
Mobile
show
country
Chinese automaker SAIC looks at local co-drivers to navigate India market
SAIC Motor Corp is weighing multiple options to partner an Indian company for expanding its presence in the growing automobile market, said Chen Hong, chairman of China's largest automaker. The company didn't comment when asked about the prospect of an alliance with JSW Group. ET reported in its June 14 edition that a private company owned by Sajjan Jindal, chairman of JSW Group, aims to buy a stake of as much as 48% in MG Motor India. Talks between SAIC, the parent of MG Motor India Pvt Ltd, and one of the potential Indian investors are likely to conclude in a few months, said another senior executive.
07.09 / 00:21
Blockchain
FIVE
Citizens
Survey
Bitcoin
show
80% of South Koreans Consider Crypto a Form of Gambling, Survey Finds
A South Korean survey has found that 80% of citizens think crypto is a form of “gambling,” while many expressed fears about the dangers of rug-pulls and token price manipulation.
06.09 / 23:17
06.09 / 21:57
FIVE
Pool
Puma
performer
star
Time
Rugby World Cup 2023’s England vs. Argentina match: See kick-off date, time, where to watch on TV, live stream
England ready to take on mighty teams in the Rugby World Cup 2023? After getting humiliating drubbings from Wales, Ireland and Fiji, the question being asked is if Steve Borthwick’s team is simply not prepared. An opening weekend victory in Marseille will spur England and their fans may pin their hopes on the team. On the other hand, Argentina are full of confidence after July’s victory over Australia and they are confident of topping Pool D. But they have suffered a narrow defeat to defending champions South Africa as well. Coach Michael Cheika has ambitions of at least reaching the semifinals like they have done in 2007 and 2015.
06.09 / 19:31
FIVE
Time
Peru reshuffles cabinet for second time in six months
LIMA (Reuters) — President Dina Boluarte of Peru reshuffled six posts in her cabinet on Wednesday, the second partial reshuffle in her eight-month-old administration, though she retained ministers overseeing the key economy and energy and mining portfolios.
06.09 / 18:53
UPS
Target
FIVE
Ball
Chase
stage
Asia Cup: Haris Rauf leads Pakistan's rout of Bangladesh
Haris Rauf led Pakistan's pace trio with four wickets to thump Bangladesh by seven wickets in the Super Four stage of the Asia Cup in Lahore on Wednesday. Rauf picked up 4-19 while pace partner Naseem Shah finished with 3-34 to bundle Bangladesh out for 193 runs in 38.4 overs to set up an easy win. Opener Imam-ul-Haq struck a brilliant 78 and Mohammad Rizwan an unbeaten 63 to help Pakistan chase down the target for three wickets in 39.3 overs. The win gives Pakistan an ideal start ahead of their highly charged match against India in Colombo on Sunday after the first game between the arch-rivals was abandoned due to rain last week. Haq built the innings after fellow opener Fakhar Zaman (20) and skipper Babar Azam (17) fell early, hitting four sixes and five boundaries in his 84-ball innings. Haq, who now has 19 ODI half centuries, added 85 for the third wicket with Rizwan before he was bowled by Mehidy Hasan Miraz with just 35 needed for victory. Rizwan, who hit seven boundaries and a six off 79 balls for his 19th half century, and Agha Salman 12 not out saw off the target with 63 balls remaining. Earlier, Pakistan's pace duo of Rauf and Naseem derailed Bangladesh who won the toss and batted on a flat Gaddafi Stadium pitch. The senior duo of Mushfiqur Rahim scored 64 for his 46th half-century while skipper Shakib Al Hasan, who hit 53, anchored the innings but once their stand of 100 for the fifth wicket was broken, Bangladesh's innings faltered. Shakib fell while hooking medium-fast bowler Faheem Ashraf in the 30th over, caught at the boundary.
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