FIVE Financial News
05.08 / 14:03
UPS
Provident
Target
FIVE
country
Power
Karnataka govt formally launches 'Gruha Jyothi' free power scheme, CM & Kharge target PM Modi
Karnataka government on Saturday formally launched 'Gruha Jyothi' scheme, one of the five poll guarantees of the Congress party, which promises to provide up to 200 units of free power to households in the state. Formally launching the scheme by handing over the «zero bill» to 10 people symbolically, Chief Minister Siddaramaiah and Congress national President Mallikarjun Kharge targeted Prime Minister Narendra Modi for accusing the ruling Congress of «emptying» state coffers for selfish interests through populist announcements. With the launch of 'Gruha Jyothi', the state government has implemented three of the five poll guarantees so far, the other two being, 'Shakti', by providing free services for women in public transport buses, and 'Anna Bhagya' scheme — by payment of cash in lieu of the additional 5 kg rice to beneficiaries. The CM indicated that 'Gruha Lakshmi' to provide Rs 2,000 monthly assistance to the woman head of every family will be launched mostly on August 24; and 'Yuva Nidhi' to provide Rs 3,000 every month for unemployed graduate youth and Rs 1,500 for unemployed diploma holders will be launched by December end or January. «We had promised to provide up to 200 units of free power. There are 2.14 crore consumers eligible under Gruha Jyothi, and 1.42 crore households have registered. The scheme has come into effect on July 1, as the bill for July electricity consumption will come in the beginning of August, it is being formally launched today,» Siddaramaiah said.
05.08 / 13:57
05.08 / 13:03
UPS
Citi
Provident
FIVE
show
track
acquires
Chandak Group acquires 3.6 acre housing society redevelopment project in Mumbai’s Andheri
Chandak Group has entered into an agreement to redevelop a housing society spread over 3.6 acre in Mumbai’s Andheri suburb with the project envisaging a total development potential of over 460,000 sq ft. Of the total development potential, the project will provide a saleable area of over 281,000 sq ft that is estimated to have revenue potential of Rs 956 crore.
05.08 / 13:03
FIVE
Puzzle
Quordle 558, August 5: What are the clues and answers for this Saturday’s word puzzle?
Quordle is a word game run by the Merriam-Webster publishing company. You could play Quordle on your personal computer, laptop, tablet, or smartphone. Here are the hints and answers to Quordle 558, dated August 5, 2023.
05.08 / 12:19
UPS
FIVE
Waters
performer
country
cover
Moon
week
'Chandrayaan 3 will land on Moon after a week or so': Union minister says as spacecraft is set to enter lunar orbit
Chandrayaan-3 spacecraft has covered two thirds of its distance on its onwards journey to the Moon. On Saturday the ‘moon craft’ is scheduled to enter the orbit of the Moon at around 7pm. While the country waits with bated breath to see the spacecraft achieve success in its mission, Union Minister Jitendra Singh informed that the landing of the space craft on the moon will happen ‘after a week or so’.
05.08 / 12:19
Provident
FIVE
Remark
Southern
show
concert
FM Sitharaman lays foundation stone for archeological museum in Adichanallur
NEW DELHI: Union finance minister Nirmala Sitharaman laid the foundation stone for an archeological museum in Adichanallur in the Thoothukudi district on Saturday, the Ministry of Finance said. During her visit, the minister assessed the Adichanallur Parambu region, where removal work has been ongoing since around 2021. Adichanallur was one of the five archaeological sites declared to be developed as ‘Iconic Sites’ in the Union Budget 2020-21.
05.08 / 11:45
UPS
FIVE
Action
Parke
country
Pakistan's history of jailing its former prime ministers
Imran Khan's sentencing and quick arrest on Saturday in a corruption case, Pakistan has maintained its notoriety for jailing former prime ministers while shying away from taking any action against military dictators who repeatedly violated the Constitution. Khan, the chief of the Pakistan Tehreek-e-Insaf (PTI) party was arrested from his Zaman Park residence in Lahore after an Islamabad-based sessions court sentenced him to three years in prison on the charges of hiding the proceeds from the sale of state gifts from the Toshakhana. The Toshakhana is a department under the Cabinet Division that stores gifts given to rulers and government officials by heads of other governments and foreign dignitaries. Khan bought some gifts including a precious watch given to him by the Saudi crown prince and sold the same for profit. The 70-year-old leader was authorised to buy the gifts from Toshakhana and also carry out the sale but failed to inform the Election Commission of Pakistan about the money he made for which he was accused of concealment which is a crime under the law. In better times, Khan might have escaped with a warning or a fine by the court, but he had already run out of luck when he fell out with the powerful military establishment that led to his ouster from the government in April last year.
05.08 / 11:27
FIVE
Strategy
NIFTY
SENSEX
Indian
FPI activity muted in August so far, offload ₹2,034 crore in Indian equities; July inflow lower than June
Foreign portfolio investors (FPIs) started August on a subdued note, while the inflows by the end of July came in lower than June 2023. FPIs sold ₹2,034 crore in Indian equities so far in August and infused a total of ₹46,618 crore in Julytaking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. During the last seven trading sessions FPIs sold stocks worth ₹8,545 crore in the cash market, according to analysts.
05.08 / 11:17
FIVE
NIFTY
VIX
show
performer
Inside
week
Dalal Street Week Ahead: Caution! Risk-off mood may take hold of Nifty; stick to defensives
The trading range expanded on anticipated lines as Nifty oscillated in a 499-point range over the past five sessions. Despite a decent pullback on the last trading day of the week, the headline index closed with a net loss of 129 points (-0.66%) on a weekly basis. From a technical perspective, the high point of 19,991 has now become an intermediate top for the markets.
05.08 / 11:17
FIVE
Rolex
show
Timeline of Toshakhana case and Imran Khan's arrest
Imran Khan was arrested on Saturday shortly after an Islamabad trial court found the former Pakistan prime minister guilty of “corrupt practices” in the Toshakhana corruption case. The case alleges that Khan “deliberately concealed” details of the gifts he retained from the Toshaskhana, a repository where presents handed to government officials from foreign officials are kept, during his time as the prime minister and proceeds from their reported sales. The verdict, issued by additional district and sessions judge Humayun Dilawar, comes as a big blow to the 70-year-old Pakistan Tehreek-e-Insaf chief who has been arrested for the second time in three months.Following is a timeline of the main developments in the Toshakhana case: August 2022: National Assembly speaker Raja Pervaiz Ashraf sent the Toshakhana case against Khan to the Election Commission of Pakistan (ECP) in accordance with the Articles of the Constitution.
05.08 / 10:41
Target
FIVE
Booking
CEO
Macrotech Developers eyes Rs 12k-cr sales revenue from 5 land parcels in MMR, Bengaluru
Macrotech Developers Ltd has acquired five land parcels in Mumbai region and Bengaluru during April-June quarter to develop housing projects with a revenue potential of Rs 12,000 crore. Macrotech Developers MD and CEO Abhishek Lodha said the company has added new projects worth Rs 12,000 crore in the first quarter of this fiscal year as against the annual guidance of Rs 17,500 crore. «We are not revising our annual target for new business development as of now,» he told PTI.
05.08 / 10:25
Lowe's
FIVE
LinkedIn
Pool
show
performer
Need to Hire Workers in a Hot Job Market? Let Them Do Some Remote Work
unemployment rate fell to 3.5% in July, the Labor Department said Friday. That is just a tick above a half-century low, showing a limited pool from which to hire. Wages grew a historically high 4.4% in July from a year earlier, well above prepandemic rates and another sign of workers’ strong bargaining power.
05.08 / 10:17
FIVE
Racing
CBI
Companies competing with Adani for 'prized assets' faced CBI, ED, IT raids: Congress
Congress on Saturday cited the takeover of a cement company to allege that probe agencies were being misused by the BJP government to «enrich» a select few crony capitalists. Congress general secretary Jairam Ramesh claimed that in sectors such as airports, ports and cement, companies competing with the Adani Group for prized assets have faced CBI, ED and Income Tax raids «that have dissuaded them from proceeding with their bids, and the assets have ultimately gone to Adani». «In our Hum Adani ke Hain Kaun (HAHK) series of 100 questions for Prime Minister (Narendra) Modi, the Congress party had pointed out how the Adani Group has repeatedly profited from well-timed, Modi-made raids by investigative agencies on its business competitors,» he said in a statement.
05.08 / 09:17
UPS
FIVE
VISA
show
open
F1 visa slots open up in India, making American dream come true for some
F1 visa is opening up at various consulates in India, giving hope to students who want to pursue their Masters in United States. Some of these students have faced rejections in the past and hope that they will be able to finally get their hands on the visa. «I have deferred my admission twice since last year as my visa got rejected a couple of times. In my desperation, I even went to Vietnam for a visa interview, but even there my visa was rejected,» said Rakesh P, who is now set to travel to New York on August 14 to TOI. He attended a visa interview in New Delhi recently and has been approved to study in the US, on his third attempt. Another candidate, Vijay M, said: «I have been appearing for interviews since June last year. I deferred my admission five times. Finally, my visa has been approved now and I will be travelling next week.» Vijay too appeared for his last interview from Chennai. US student visas grew by the largest annual margin seen in over a decade, in line to becoming the highest single-year total of F-1 visas since 2016.
05.08 / 08:11
FIVE
Assurant
Haryana violence: Around 45 commercial shops in Nuh district demolished over illegal construction| Watch
Around 45 shops on Nalhar Medical Road in Nuh district are being demolished for alleged illegal construction. The District Town Planner of Nuh district told ANI that all these commercial shops were built without permission and are illegal. Earlier on Friday, officials bulldozed around 250 shanties on encroached government land in Taru town and areas adjoining Nuh district, reported PTI.
05.08 / 08:01
UPS
Provident
FIVE
Citizens
AXY
Parke
Time
At 7.5%, 5-year post office time deposit (POTD) offers higher interest rate than major bank FDs; should you go for it?
The post office time deposit is similar to bank fixed deposits. You invest money at a fixed interest rate for a definite period and earn a pre-determined return.
05.08 / 07:03
Blockchain
UPS
FIVE
Career
Action
country
Emerging specialisations for careers in corporate law
Today, law is a profession of choice for many young people. There are excellent institutions in the country preparing students for legal careers. For many of these aspiring lawyers, corporate law is a preferred area of specialisation.But exactly what kind of careers are possible within corporate law? The most familiar work in corporate law is the complex legal manoeuvring that comes into play during mergers, acquisitions, fundraising and other corporate actions. But as the world of business keeps evolving, there are many specialised disciplines within the broader ambit of a legal career. These are finding increased demand and have specific skill set requirements. Rachika Agrawal Sahay, Partner at Argus Partners (Solicitors & Advocates), lists two of these emerging areas as ESG and forensics.
05.08 / 07:03
FIVE
Schools
Australia's highest court overturns law banning Sikhs from carrying kirpans in schools
Sikhs are supposed to carry at all times as part of their faith, 9news.com reported. Sikhs are required to wear a kirpan as part of their religious uniform as prescribed by their code of conduct. It's one of five religious symbols they carry at all times as part of their faith.
05.08 / 06:31
UPS
Citi
FIVE
Waters
show
country
China's northeast inundated in Doksuri's wake
Floodwaters from Typhoon Doksuri continued to deluge farms and cities in northeast China into the weekend, with the country's disaster relief systems struggling to contain the aftermath of one of the strongest storms in years. Almost 15,000 residents were moved out of the city of Shulan in corn-growing Jilin province, where one person was dead and four others missing, according to state media. Rain has fallen continuously in Shulan since Aug.
05.08 / 06:31
Provident
Target
FIVE
Software
Enterprise
Rs 10,000 investment in this multibagger BSE500 stock turned to Rs 4 lakh in just 10 years
Sonata Software have offered massive returns to investors in the last 10 years. The shares have risen 4300% over the decade. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have swelled to Rs 4 lakh, according to an analysis by ET Markets.
05.08 / 06:19
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