FIVE Financial News

03.08 / 19:19

FIVE Platform Mobile social Nuh Violence: 23 alleged accused produced in six different cases before the court

Haryana Police on Thursday produced 23 alleged accused before the court in connection with the recent violence in Nuh. The court deliberated on six cases and remanded them to police custody. «The accused in FIR No.

03.08 / 19:17

UPS Citi FIVE BLOCK Manufacturing performer North Sydney Bus Charters acquired by EV bus outfit

After almost a year on the auction block, Sydney’s largest privately owned coach charter company has been sold to electric bus outfit TrueGreen.

03.08 / 18:45

UPS FIVE track country social The new data protection bill: five takeaways

Does the bill protect our personal data? To an extent. Firms scraping data from social media can only take data that has been posted by the user themselves. If the data is posted by a third person, however, firms will need to obtain permission for scraping this data.

03.08 / 18:09

FIVE ETF Strategy Dreams RBC First home savings account getting 'phenomenal' uptake since April launch: RBC

There’s been a lot of interest in opening a first home savings account (FHSA) among Canadians since the federal government introduced the registered plan in April, banks say, with tens of thousands of accounts already opened in just a few months.

03.08 / 17:39

UPS FIVE Progressive SUN show performer Sun Pharma Q1 PAT misses estimates

₹2,022.5 crore for the quarter ended 30 June, 1.9% less than the net profit of ₹2,060.9 crore reported in the year-ago quarter. Profit came lower than analysts’ consensus estimate of ₹2,164.5 crore as indicated by Bloomberg. However, the company said its adjusted net profit (excluding the exceptional items) for Q1FY24 at ₹2,345.4 crore was up 13.8% over the same quarter last year.

03.08 / 17:39

FIVE country PM Modi to attend BRICS Summit in Johannesburg

BRICS Summit, the Ministry of External Affairs (MEA) said. "President Ramaphosa invited the prime minister for the BRICS summit being hosted by South Africa on August 22-24, and briefed him on the preparations for the same," the Ministry of External Affairs (MEA) said atfter PM Modi's talks with Ramaphosa. "The prime minister accepted the invitation and conveyed that he looked forward to his visit to Johannesburg to participate in the summit," the MEA said.

03.08 / 17:21

FIVE country Michael Jordan's sale of majority ownership of Hornets to Gabe Plotkin and Rick Schnall is finalized

The Charlotte Hornets have announced that the sale of the majority stake in the franchise from six-time NBA champion Michael Jordan to Gabe Plotkin and Rick Schnall has been finalized

03.08 / 17:21

Provident FIVE Cooper FirstEnergy stage penalty Utility Ohio utility that paid federal penalty says it's now being investigated by a state commission

A utility company in Ohio says it's being investigated by a state office focused on organized crime in connection with payments to the state’s former House speaker and a top utility regulator

03.08 / 16:51

FIVE Progressive stage rock NMDC eyes production from domestic coal and gold mines: CMD

Iron ore mining Navratna NMDC will operationalise its domestic coal and gold mines, while also pursuing overseas mineral assets, including those for Lithium in Australia. Responding to a query from ET, NMDC's Chairman and Managing Director (additional charge), Amitava Mukherjee said the mining company's lithium mining plans are at an early stage and feasibility studies will take over a year. In addition to being India's largest iron ore producer, NMDC has been involved in exploration of copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands.

03.08 / 16:51

FIVE country reports expansion India dismisses reports that it opposes BRICS expansion

BRICS summit in Johannesburg set to discuss admitting new members, India on Thursday dismissed as «baseless» reports that it is opposed to the expansion of the grouping. It is learnt that New Delhi is yet to take a final decision on Prime Minister Narendra Modi's in-person attendance in the summit of the five-nation grouping from August 22 to 24. The summit is set to extensively deliberate on expansion of BRICS (Brazil, Russia, India, China and South Africa).

03.08 / 16:23

FIVE surges LIC Housing Finance Q1 Results: Profit surges 43% You to Rs 1324 crore

LIC Housing Finance on Thursday reported a 43% year-on-year rise in net profit at Rs 1324 crore for the June quarter backed by core income growth while no improvement seen in asset quality. The net profit was Rs 926 crore in the year-ago period. The lender announced the appointment of T Adhikari as managing director for five years, effective August 3.

03.08 / 16:11

UPS FIVE Aware Gap Assurant Remark NOT Workplace safety is not negotiable at any level

In an advancing world of empowerment talk and increased awareness of personal rights, conversation around one topic has stayed largely hushed, restricted to admissions within close family at most: Sexual harassment at the workplace. Even if little is apparent amid cubicles and cafeterias, the murky truth thrives beneath a shroud of silence. A 2022 report by the International Labour Organization revealed that more than one in five people employed—almost 23%—had experienced violence and harassment at work globally, physical, psychological or sexual.

03.08 / 16:11

Provident FIVE Manufacturing Action track cover compensation Six years of GST: Compensation cess still needs to be sorted out

GST) marked its sixth anniversary. I wrote a five-year review last year (Mint, 1 July 2022), commending its compliance simplification after a bad start. I also strongly proposed universal access to the Reverse Charge Mechanism (RCM) to help resurrect informal manufacturing and services.

03.08 / 16:11

FIVE Manufacturing Matrix country electronic Latin Infinix says looking to increase offerings in mid, mid-high price segments in Indiaa

PTI, he emphasised India's position being “right at the top" of the company's country matrix. Infinix, which operates in the sub- ₹15,000 segment, introduced gaming smartphones in the mid-premium segment at a price of ₹17,999 in India. “There is a noticeable absence of distinct offerings in terms of both design, innovation, and seamless experience in the smartphone gaming arena.

03.08 / 16:11

Dash FIVE Digital Booking Parke stage country Support Free libraries are a big hope in need of policy support

A member of a small free library in the national capital of the world’s largest democracy shares her thinking about the choice of red as the background colour for a poster she has created. She is addressing the ‘art collective’, a programme within the library.

03.08 / 15:47

Stablecoin FIVE Cooper regulation cover Stablecoin Bill Stablecoin Bill's Failure Reflects Deepening Political Divide in Crypto

The passing of a much-discussed stablecoin bill last week in the House Financial Services Committee revealed just how deep the political divide in Washington has become, a recent Fortune Crypto newsletter said.

03.08 / 13:23

COST Provident FIVE Karnataka: Free bus rides for women spark tweet-row between government and opposition

Karnataka Congress regime's ambitious Shakti programme, which provides women free rides in government-run buses across the state is the latest subject of a tweet war between the ex-CM Basavaraj Bommai and Transport Minister Ramalinga Reddy. The minister has slammed Bommai for spreading what he called false information, suggesting that employees of transport utilities were getting only half their pay. The former CM on Tuesday had tweeted that due to the Shakti scheme, in the upcoming days the transport corporations would have no money left over for diesel and employee salaries.

03.08 / 13:13

COST Target FIVE Reuters show Costs surges US productivity surges in second quarter; labor costs growth slows

WASHINGTON (Reuters) — U.S. worker productivity rebounded sharply in the second quarter, helping to curb growth in labor costs and offering another boost to the improving inflation outlook.

03.08 / 12:37

UPS FIVE Career Telegram Matthews Balyasny’s new business prefers hiring from other hedge funds

Hedge funds are hiring. And even though they like to hire from banks, some are still overwhelmingly interested in people who’ve worked at other hedge funds.

03.08 / 11:49

UPS FIVE country expansion Pristyn Care commences operation in Bangladesh; lines up Rs 100 crore to fund expansion

Healthcare delivery startup Pristyn Care on Thursday said it has commenced operations in Bangladesh and will invest Rs 100 crore over the next two years to expand operations in the neighbouring country. The company plans to have five patient care centres in Dhaka and Chattogram(Chittagong) by March 2024.

03.08 / 11:35

FIVE CEO track Allworth’s Hanson, McClain stepping down as co-CEOs

Scott Hanson and Pat McClain, who started an advisory firm in 1993 that has grown into $18 billion Allworth Financial, announced Wednesday they are stepping down from their roles as Allworth’s co-CEOs.

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