FIVE Financial News
31.08 / 08:27
FIVE
Racing
performer
Chhattisgarh Election 2023: Opinion poll predicts second term for Congress, BJP staring at another defeat
Chhattisgarh Elections 2023 prediction: The Bharatiya Janata Party will need a miracle to return to power in Chhattisgarh with the Congress comfortably placed to retain power in the state, a new survey has found.
31.08 / 08:27
FIVE
2024
Sovereign Gold Bond Premature Redemption Calendar October 2023 – March 2024: Full List of Dates
Sovereign Gold Bond premature redemption dates 2023-24: The premature redemption of Sovereign Gold Bonds (SGBs) is permitted by the Reserve Bank of India (RBI) after five years from the date of issue of such bonds.
31.08 / 06:23
FIVE
ETF
NIFTY
performer
beautiful
fund launches
asset allocation
Kotak Mutual Fund launches Kotak Multi Asset Allocation Fund
Kotak Mutual Fund has launched Kotak Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt and money market instruments, commodity ETFs and exchange traded commodity derivatives. The new fund offer or NFO of the scheme is open for subscription, and it will close on September 24. The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related securities, debt and money market instruments, commodity ETFs and exchange traded commodity derivatives.
31.08 / 05:53
UPS
FIVE
Enterprise
Buyback
Piramal Enterprises share buyback opens today. Five details you should know
Piramal Enterprises share buyback is offered at ₹1250 per share and buyback of shares will be done through tender route. Piramal Enterprises Ltd aims to use up to ₹1,750 crore from its capital reserves for buyback of shares. Piramal Enterprises has already informed Indian stock market bourses about the buyback of shares citing, "The Board of Directors of the Company have approved the buyback of up to 1,40,00,000 (One Crore Forty Lakh only) fully paid-up equity shares of the Company of face value of Rs.2/- (Rupees Two only), for an aggregate amount not exceeding Rs.
31.08 / 05:23
COST
UPS
Provident
MET
FIVE
performer
Prison
lawmakers
Newsom plans to transform San Quentin State Prison. Lawmakers and the public have had little input
California Gov. Gavin Newsom is planning to spend $360 million demolishing a sprawling former furniture factory at San Quentin State Prison and replacing it with something reminiscent of a college campus
31.08 / 04:41
UPS
Lowe's
FIVE
Enterprise
Backed
Adani stocks tank up to 3% as George Soros-backed entity attempts Hindenburg 2.0
Adani Group shares today fell up to 3% as George Soros-backed Organised Crime and Corruption Reporting Project (OCCRP) attempted an ambush on Adani Group by claiming that two men who secretly invested in the conglomerate have close ties to the Adani family. Shares of Adani Power, Adani Energy Solutions and Adani Green led the downside by dropping 3% each.
31.08 / 04:27
UPS
FIVE
Digital
Entertainment
stage
country
Don’t know how sustainable are the price rises in chemicals: Deepak Shenoy
Deepak Shenoy, Founder, Capital Mind, says: “We have just been adding very little churn these days. Markets have been kind. But I am looking forward to a couple of more sectors. There seems to be a turnaround in textiles. There seems to be something happening, early stages happening in chemicals so looking forward to some of that. We may end up replacing some of our stocks if we see a three to five-year trend.”What has been your last purchase in this market and where are you looking at exiting completely because you think the valuation or the template is now shaky?We generally do not get out on just valuation alone; the business has to have some kind of a negative trigger going forward.
31.08 / 04:21
31.08 / 04:03
UPS
FIVE
AXY
Platform
Chase
blues
Sanjiv Bhasin bullish on 3 new age stocks for next 3 years; backs 3 auto stocks
Sanjiv Bhasin, Director, IIFL Securities, says, “I am chasing the likes of LTIM, Reliance, Apollo Hospital and the largest banks, ICICI, Axis. Those are five of my big ideas. If you have Suzlon, stay with it, but do not chase it at these prices where the stock has already tripled.” Bhasin also says, “this is the time to be in IEX and IRCTC, which are two brilliant blue chip businesses. Now, the businesses can underperform for some time, but the longer-term story on IEX in power and IRCTC on railways is the best you can play on the Indian PSUs.I am curious about your take on some of these new-age tech companies. For instance, Zomato has been in the news of late. How are you looking at the efforts on the path to profitability for a lot of these companies? What would be your picks?Zomato, Paytm and PB Fintech are three stocks which are in our portfolio.
31.08 / 03:39
31.08 / 03:39
UPS
Citi
Provident
FIVE
Manufacturing
Southern
Trans
This trans woman was begging on India’s streets. A donated electric rickshaw changed her life
If you hail a rickshaw in the Indian city of Bengaluru, your driver might just be a 38-year-old transgender woman named Preethi
31.08 / 03:25
Lowe's
FIVE
Platform
Chase
track
Riskier bonds find takers in new debt mutual fund tax regime
bonds. Many of these instruments are yielding double-digit returns in the range of 10% to 15% depending on the credit profile, but investment advisors warn such papers carry elevated risks that require careful vetting. These bonds are mostly offered by non-bank finance companies (NBFCs), small finance banks, fintech companies and microfinance lenders among others. Their tenure is mostly one to five years and are available on online platforms such as Indiabonds, BondsIndia, GoldenPi, Wint Wealth, Bonds Kart, Grip Invest and Leaf Round. For now, these products are trending among traditional yield-chasers. These bonds yield about 300-500 basis higher than conventional products, like bank deposits and postal savings. The trigger for their growing popularity among individuals in the highest tax bracket has been the recent changes in the taxation of debt mutual funds. In an unexpected move, the government said from April 1 capital gains arising from investments made in debt mutual fund schemes would be added to taxable income and taxed in line with the income tax slab rate. As a result, the indexation benefit in debt mutual funds that lowered the tax outgo for investments held for more than three years went.
31.08 / 02:47
FIVE
Google
Celebrity
social
Canada: Truck spills 5 million bees, police warn drivers to close windows in Ontario
Also read: Malaysia National Day 2023: Google Doodle celebrates Hari Merdeka It was “quite the scene," Const. Ryan Anderson said. “Crates were literally on the road and swarms of bees were flying around," he said.
31.08 / 01:37
UPS
Lowe's
FIVE
Reuters
show
country
Q1 GDP: India's Q1 GDP growth likely above 8%; key indicators to watch
RBI) at its latest bi-monthly monetary policy committee (MPC). RBI Governor Shaktikanta Das-led rate-setting panel projected India's real GDP growth for 2023-24 at 6.5 per cent with Q1 growth rate at 8 per cent.
31.08 / 01:37
Citi
FIVE
Action
Trump
'Prevented nuclear war,' claims Donald Trump in transcript of April testimony
real estate business and his presidential tenure. During a private questioning in April, he asserted that his company has abundant funds and argued that he prevented a nuclear war, thereby saving countless lives.
30.08 / 22:03
FIVE
Software
Okta
Costco
Stocks making the biggest moves after hours: Salesforce, Okta, CrowdStrike, Five Below and more
Check out the companies making headlines after hours.
30.08 / 21:51
UPS
FIVE
Career
Align
NASAA launches program letting advisors maintain licenses longer while out of industry
Sue Gardiner quit her position as a financial advisor about a year ago to tend to some family matters. She was only gone a couple of months, but she could hear the clock ticking on her industry licenses.
30.08 / 21:17
30.08 / 19:13
UPS
FIVE
Strategy
Albemarle
stage
dance
Albemarle boss still in the market for Liontown
Albemarle chief executive Kent Masters considers the battery chemical giant’s $5.5 billion bid for aspiring lithium producer Liontown Resources a live offer, despite no meaningful discussions between the two parties for the past five months.
30.08 / 19:11
FIVE
Aviat
Manufacturing
HAL
performer
country
Embraer taps HAL, Tata for defence aircraft mfg
NEW DELHI : Embraer Defense & Security is in talks with five Indian entities, including Hindustan Aeronautics Ltd (HAL) and Tata group, to manufacture defence transport aircraft in India, a top executive at the Brazilian plane maker said. The company hopes to finalize and announce its partner by the end of this year. “It is important to say we are watching a lot what those big players are doing here in India; we are learning from them; and we are in touch with them as well.
30.08 / 19:11
UPS
Citi
FIVE
CEO
Parke
Backed
SRK-backed KidZania lines up $50 m for theme parks in key cities
theme parks KidZania, is planning to spend $50 million over the next 5-10 years to launch five new theme parks in cities like Bengaluru, Ahmedabad, Pune, Hyderabad, and Chennai, a top company official said. The company currently operates two KidZania branded theme parks in Mumbai and Delhi spread across 70,000 sq ft and 95,000 sq ft, respectively. The two centres used to draw an annual footfall of 400,000 persons prior to the pandemic, which has dropped to 300,000 post the pandemic. «We are expecting about $50 million of investment to launch the five new centres,» said Paras Chandaria, founder and promoter, KidZania India, adding that the company is open to working with strategic partners to realise its ambitious expansion plans in the country.Chandaria's Kidz Inc Pte owns a 74% stake in Imagination Edutainment while Khan holds the remaining 26%.
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