FIVE Financial News
28.08 / 20:03
FIVE
CEO
This Company Created a Return-to-Office Plan That Employees Actually Like
leadership position if she couldn’t be in Orrville full-time. Largely because of its acquisitions, Smucker has for years had some remote workers and corporate employees based outside of Orrville. But during the pandemic, and the dawn of widespread remote work, Massey saw an opportunity.
28.08 / 20:03
FIVE
Manufacturing
Remark
Accenture
electronic
Circular business models can attract $7 billion to India by 2035: Report
New Delhi: Circular business models can unlock revenue potential of $7 billion by 2035, according to a joint report by India Cellular & Electronics Association (ICEA) and Accenture issued Monday. A total of six circular business models, including circular design, repair, and resell, can reshape the electronics sector, driving economic growth and boosting resilience. "The projected market size for these circular models is valued at $13 billion by 2035.
28.08 / 19:05
FIVE
hearing
Gyanvapi mosque case: Mosque panel raises question on case transfer after hearing
Allahabad High Court on Monday fixed September 12 as the next date of hearing in the Gyanvapi mosque-Kashi Vishwanath temple dispute. A single bench had last month reserved its verdict for pronouncement on Monday, August 28, but on Friday last week, the matter was suddenly transferred for hearing by the bench of chief justice of the high court, a development that the Anjuman Intezamia Mosque Committee questioned. Verdict on five matters, including a challenge to the maintainability of the 1991 suit which claimed that the Gyanvapi mosque was built on the structure of the old Shiva temple and sought the declaration of the mosque as part of the temple as well as a challenge to the 2021 order of a Varanasi court directing the Archaeological Survey of India to conduct a comprehensive survey of the mosque was to be delivered on Monday. The single judge bench of Justice Prakash Padia had, after months of hearing, fixed August 28 as the date of delivery of his verdict on the pleas.
28.08 / 19:05
UPS
Provident
FIVE
AXY
show
Incremental CRR: As liquidity tightens, banks push CDs
certificates of deposit to meet funding requirements amid tighter liquidity conditions after the Reserve Bank of India (RBI) implemented steps to drain out surplus funds with lenders. From August 18 to August 23, banks have issued certificates of deposit worth Rs 21,470 crore in the primary market, data provided by industry sources showed. The amount issued over just that period is more than half of the sum of Rs 40,625 crore issued in the whole of July, with private banks leading the pack, the data showed. The acceleration in the issuance of CDs — which are short-term debt instruments used by banks to raise funds —— comes after the RBI imposed an incremental Cash Reserve Ratio (ICRR) of 10% on the growth in bank deposits from May 19 to July 28. The ICRR requirement, which became effective from the fortnight beginning August 12, is estimated to have impounded funds worth around Rs 1.1 trillion from banks. The central bank will review the ICRR by September 8. “With the implementation of ICRR for a brief period, the tightness in the banking system liquidity is cropping up. As a measure to address this additional fund, private banks have resorted to issuing certificates of deposits (CDs), especially banks with relatively less access to easy deposit,” analysts from India Ratings & Research wrote.
28.08 / 18:41
UPS
FIVE
Racing
Trump
Donald Trump faces up to 6 trials ahead of presidential poll
Donald Trump’s legal woes are mounting just as the race for the 2024 presidential election heats up. The former president, who’s campaigning for another term in the White House, potentially faces as many as six criminal and civil cases in the next year, including lawsuits against him, his family and companies.
28.08 / 18:39
UPS
FIVE
Waters
CEO
Platform
stage
Edelweiss CEO Radhika Gupta shares '5 money tips' for youngsters who have just started earning
It may sound cliche but time is the most valuable asset, and investing in your twenties can play a significant role in your financial success in later age. Money invested in the 20s could be compounded for decades. Radhika Gupta, CEO of Edelweiss Asset Management Company has shared five 'money tips' for those who have just started earning. In a tweet, Gupta wrote, «5 pieces of money advice I would give my 22-year-old self (who just started earning)…».
28.08 / 17:57
UPS
Provident
FIVE
Southern
BPCL commits to Rs 1.5 lakh crore in capital expenditure over 5 years
BPCL) on Monday said it will spend around ₹1.5 lakh crore in the next five years, towards its transformative initiative, 'Project Aspire'. As part of Project Aspire, the oil marketing company will not only grow its oil business but also expand its renewable energy portfolio as it aims for a 2040 net-zero goal, chairman and managing director G Krishnakumar said at its 70th annual general meeting. «The company has set a planned capex outlay of around ₹1.5 lakh crore in the next five years, which will enable BPCL to create long-term value for our stakeholders while preserving our planet for future generations,» Krishnakumar said at the meeting. Krishnakumar also said BPCL would invest ₹1 lakh crore between now and 2040 for projects including green hydrogen, carbon capture, utilisation, and storage (CCUS) and on improving energy efficiency to cut emissions. BPCL will also invest ₹10 lakh crore to set up 50 megawatts of captive wind power plants for its 240,000 barrels per day (bpd) Mumbai refinery and Bina refinery in central India. The company hopes to own 1 gigawatt (GW) of renewable energy capacity by 2025 and 10 GW by 2040. Bharat Oman Refineries' merger with BPCL has provided a significant boost to refining capabilities of the company, Krishnakumar said, adding that BPCL is expanding the capacity of its Bina Refinery from 7.8 MMTPA to 11 MMTPA, thereby securing its markets in northern and central India. The capacity of the Bina refinery after the expansion will be around 220,000 barrels per day (bpd). BPCL is also building a Rs 490-billion ethylene cracker at 156,000 barrels per day (bpd) at its Bina refinery. The ethylene cracker will raise the Bina refinery's share of petrochemicals in its business to 8%.
28.08 / 17:55
UPS
FIVE
Booking
Manufacturing
Moodys
blues
Why it's hard to find an inexpensive new car these days — just one model has an average price below $20,000
It's getting harder to find new, cheap cars, according to auto experts.
28.08 / 17:51
UPS
FIVE
Fulton
star
cover
Trump
Factbox-Key dates on Trump's overlapping legal and political calendars
(Reuters) — Former U.S. President Donald Trump faces a tangled calendar in the year ahead as he seeks the 2024 Republican nomination while trying to fend off four criminal and three civil trials, some related to his attempts to overturn his 2020 loss.
28.08 / 17:23
FIVE
SEC
CEO
Matthews
Sec Charges
audit
SEC Charges UK Audit Firm Crowe and Senior Executives Over Deficient Audit of Akazoo
The U.S. Securities and Exchange Commission (SEC) has charged London-based audit firm, Crowe U.K. LLP, its CEO, Nigel Bostock, and senior auditor, Matthew Stallabrass, concerning their deficient audit of the music streaming company, Akazoo Limited. The parties involved have agreed to settle the SEC's charges.
28.08 / 17:13
FIVE
SUN
Racing
country
Isro turns its gaze to the sun: 2 Sept, 10 mins to noon
NEW DELHI : After making a successful moon landing last week, the Indian Space Research Organization (Isro) on Monday said the launch of its mission to study the sun, called Aditya-L1, is set for 2 September. The launch will take place at Isro’s Sriharikota launch base at 11:50 a.m., aboard Isro’s workhorse rocket Polar Satellite Launch Vehicle (PSLV)’s C57 mission. Aditya-L1, India’s first solar mission, will seek to study solar characteristics, their impact on the earth and the overall space weather from a vantage point.
28.08 / 16:47
Waves
FIVE
Action
Compilation
Strategy
RBC
show
Canadian banks face squeeze between climate expectations and market pressures
TORONTO — In May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario.
28.08 / 16:29
Citi
FIVE
Digital
Aware
show
cover
social
Urban millennials in India have had much to reveal in five years
covid pandemic, at a time when prompt data was hard to come by. The results of the survey’s 10th round, which took place in June, have been published in Mint over the last two weeks, starting 15 August (bit.ly/3YH0IoF). The latest round, which covered 10,072 respondents, sought to understand the views of urban Indians on the country’s newfound status as the world’s most populous nation.
28.08 / 16:29
UPS
FIVE
Reddit
social
dance
Ukrainian women detained for dancing on graves of slain soldiers
RT.com, the Ukrainian police has said that they came across the clip on Thursday evening. "In less than an hour, law enforcement officers had established (the women's) whereabouts and brought them to the police department," a statement by the Kiev police read.
28.08 / 15:53
UPS
Provident
FIVE
Southern
BPCL to spend Rs 1.5 lakh crore as capex in next 5 years
Bharat Petroleum Corp (BPCL) on Monday said it will spend around Rs 1.5 trillion, in the next five years, towards its transformative initiative, 'Project Aspire'. As part of Project Aspire the oil marketing company will not only grow its oil business but also expand its renewable energy portfolio as it aims for a 2040 net-zero goal, Chairman and Managing Director G Krishnakumar said at its 70th annual general meeting. «The company has set a planned capex outlay of around Rs 1.5 trillion in the next five years, which will enable BPCL to create long-term value for our stakeholders while preserving our planet for future generations,» Krishnakumar said at the meeting. Krishnakumar also said BPCL would invest Rs 1 trillion between now and 2040 for projects including green hydrogen, carbon capture, utilisation, and storage (CCUS) and on improving energy efficiency to cut emissions. BPCL will also invest Rs 10 billion to set up 50 megawatts of captive wind power plants for its 240,000 barrels per day (bpd) Mumbai refinery and Bina refinery in central India. The company hopes to own 1 gigawatt (GW) of renewable energy capacity by 2025 and 10 GW by 2040. Bharat Oman Refineries' merger with BPCL has provided a significant boost to refining capabilities of the company, Krishnakumar said, adding that BPCL is expanding the capacity of its Bina Refinery from 7.8 MMTPA to 11 MMTPA, thereby securing its markets in northern and central India. The capacity of the Bina refinery after the expansion will be around 220,000 barrels per day (bpd). BPCL is also building a Rs 490-billion ethylene cracker at 156,000 barrels per day (bpd) at its Bina refinery.
28.08 / 15:39
FIVE
Action
Sebi notifies stricter delisting rules for non-convertible debt securities
will have to obtain permission from all holders of non-convertible debt securities within 15 working days of receiving the notification of delisting. The present rule allows entities to delist by giving a prior intimation to the stock exchange about the meeting of the board of directors, where the proposal for a voluntary delisting is considered. Unlike equity, wherein approval by a threshold majority is sufficient for approval of delisting, in the new framework, approval of 100 per cent of the debt security holders has been mandated for delisting of debt securities. This is because, unlike equity which is a perpetual instrument, listed debt securities have a finite term to maturity. In its notification issued on August 23, Sebi said the new framework for delisting of non-convertible debt securities would allow all listed non-convertible debt securities to be delisted voluntarily. However, entities would not be authorised to delist certain securities while selectively listing others. Also, it would not apply to the delisting of non-convertible debt securities in certain situations such as delisting as a consequence of any penalty or action initiated against the listed entity by stock exchanges; delisting pursuant to the redemption of the non-convertible debt securities. Further, the mechanism would not apply to the delisting of a listed entity's non-convertible debt securities that have been delisted under a resolution plan authorised under the Insolvency Code. In case of delisting pursuant to a resolution plan as per the provisions of the Insolvency Code, the details of delisting of non-convertible debt securities will be disclosed to the stock exchanges within one working day of the approval of the resolution plan
28.08 / 14:47
28.08 / 14:47
COST
UPS
Lowe's
FIVE
Will Trudeau’s government breach the David Dodge Rule?
The sharp escalation of global bond yields in recent weeks raises the prospect we may be in the middle of a structural shift to a world of permanently higher borrowing costs.
28.08 / 14:11
UPS
Citi
FIVE
Action
Parke
love
Boon or blight? E-scooters around the world
electric scooters that have become ubiquitous in Paris and other cities worldwide will be banned in the French capital on September 1. It is the biggest metropolis to remove the app-based devices that first zoomed onto streets in 2018, but many other cities have taken action on the vehicles that can inspire love or loathing. While users hail them as eco-friendly ways to avoid gridlock, detractors consider them as an unsightly menace with the power to maim and kill. Here is a look at the state of play in other cities worldwide:Paris: the pioneer The French capital was an early adopter of e-scooters in 2018, when the pavements were soon strewn with discarded rental devices from the first operator, Lime. After an uproar over the anarchy and a number of fatal accidents, the city clamped down, reducing the number of operators to three (Dott, Lime and Tier) and the number of scooters to 15,000. For privately owned scooters, the minimum age for riders is 12 (the government wants to raise that to 14), but the Paris rental operators said last November they would step up enforcement of a minimum age of 18 — after city officials warned their licenses were in jeopardy. They also must be parked in designated spots and riders are not allowed to go over 10 kilometres per hour in most parts of Paris — but many do anyway. In April, residents voted in a referendum to ban rental scooters, a move that will not impact privately owned devices.Barcelona and Montreal: outright bans A few cities before Paris have taken the same drastic measures with an outright ban. Barcelona outlawed rental scooters on public roads in 2018.
28.08 / 14:11
Provident
Target
FIVE
show
performer
cover
Karnataka: Rahul Gandhi to launch Gruha Lakshmi scheme in Mysuru as Congress eyes rich haul of Lok Sabha seats
Rahul Gandhi will roll out the government's ambitious Gruha Lakshmi programme in Mysuru on Wednesday as the state leaders pin high hopes on the scheme to fetch votes for the party and improve its tally in the upcoming Lok Sabha polls. Chief Minister Siddaramaiah has chosen his home district to launch the programme, the fourth guarantee the Congress had pledged to implement on coming to power. So far, 1.08 crore women heads of families have enrolled.
28.08 / 12:35
FIVE
Celebrity
track
beautiful
Chandrayaan-3 Rover comes across 4-meter diameter crater on Moon's surface. Here's what happened next
Prime Minister Narendra Modi who was away for the 15th Summit visited the ISRO Telemetry Tracking and Command Network Mission Control Complex on Saturday and highlighted that ISRO's scientists had successfully expanded the 'Make in India' initiative to reach the lunar landscape. “Today, I am feeling a different level of happiness… such occasions are very rare… this time, I was so restless… I was in South Africa but my mind was with you," PM Modi said.
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