FIVE Financial News

27.07 / 15:07

UPS Provident Lowe's FIVE cover Mortgage lenders brace for 'challenge' when borrowers face renewal crunch

Banks aren’t the only lenders facing clients under pressure as rising interest rates ramp up monthly payments for borrowers who piled into the real estate market during a period of historically low rates, including at the peak of the COVID-19 pandemic in 2021, before the Bank of Canada rolled out a steady stream of rate hikes.

27.07 / 14:41

Provident FIVE Aware Highways country India, ADB sign $295 million loan to upgrade state highways in Bihar

New Delhi: The Indian government and the Asian Development Bank (ADB) on Thursday signed an agreement for a $295-million loan to upgrade around 265 km of state highways with climate and disaster resilient design and road safety elements in Bihar, the ministry of finance said. The signatories to the agreement for enhancing connectivity and sustainability in Bihar Roads Project were Vumlunmang Vualnam, additional secretary, department of economic affairs, who signed on behalf of the Indian government, and Takeo Konishi, country director for ADB in India, who signed for ADB.

27.07 / 14:39

FIVE Cooper Drop Fried Sam Prosecutors drop another charge against FTX co-founder Sam Bankman-Fried

Federal prosecutors dropped a campaign finance charge against indicted crypto executive and FTX founder Sam Bankman-Fried late on Wednesday, the second time that they've been forced to forgo criminal allegations against the alleged fraudster.

27.07 / 14:35

FIVE CEO Action Danone Uniper Factbox-Moscow takes control over assets of Western companies

(Reuters) — President Vladimir Putin has signed decrees to take temporary control of assets belonging to some Western companies in Russia, in retaliation against foreign moves against Russian companies abroad, and warned in April the Kremlin could seize more.

27.07 / 14:35

FIVE Digital COMPOSITE performer country end Digital payments rise 13% YoY at March-end 2023: RBI data

Digital payments across the country registered a growth of 13.24% in a year through March 2023, as per RBI's index that measures the adoption of online transactions. RBI's Digital Payments Index (RBI-DPI) stood at 395.57 at end-March 2023 compared to 377.46 in September 2022 and 349.30 in March 2022.

27.07 / 14:21

Citi FIVE Metro Govt explores bus roof mounted air purification systems to tackle air pollution: Jitendra Singh

New Delhi: Union minister Jitendra Singh on Thursday said that the government is exploring the potential of bus roof mounted air purification systems (BRMAPS) to capture particulate matter in the highly polluted cities. In a written reply to a question in the Rajya Sabha, the minister said, the Central Pollution Control Board (CPCB), a statutory body under the ministry of environment, forest and climate change (MoEFCC) has installed pariyayantra filtration units on top of 30 buses to filter dust in Delhi-NCR.

27.07 / 14:21

UPS FIVE Manufacturing JK Lakshmi Cement Q1 Results: Net profit drops 30% to ₹79 cr, revenue up 5%; board approves fundraising via NCDs

JK Lakshmi Cement Q1 Results: JK Lakshmi Cement announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 27, reporting a decline of 30 per cent in consolidated net profit at ₹79.7 crore, compared to ₹115 crore in the corresponding period last year. The cement manufacturer's revenue from operations in the first quarter of current fiscal stood at ₹1,730.25, registering a growth of around five per cent, compared to ₹1,654.14 crore in the year-ago period.

27.07 / 14:05

UPS FIVE Manufacturing Landmark Strategy show View: India should ramp up consumer subsidies for EVs, instead of rolling them back

electric vehicle (EV) strategies are. While the USA has extended its EV support policies through the landmark Inflation Reduction Act (IRA), India, on the other hand, recently cut subsidies for electric two-wheeler EVs (E2W) under the flagship demand incentive scheme, Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II). This decision could prematurely halt the growth of the EV sector in India.

27.07 / 14:05

UPS Citi FIVE Booking CEO IHCL clocks revenue of Rs 1466 cr for quarter ended June 30, PAT at Rs 236 cr

Tata Group backed Indian Hotels Company reported revenue from operations of Rs 1466 crore for the quarter ended June, up 16% year on year. The company clocked a profit of Rs 236 crore, up 30.3% year on year.IHCL MD and CEO Puneet Chhatwal said it was a 'historical' quarter one with the highest ever revenue and profit after tax numbers reported by the chain.

27.07 / 13:33

UPS FIVE Booking Remark country cover Lok Sabha passes Jan Viswas Bill aimed at improving ease of doing business

ease of doing business in the country. The NDA government has repealed 1,486 laws and once the present bill gets parliament’s nod, the number of laws removed from statute books will go up to 1,562, Law Minister Arjun Ram Meghwal said. The 108-page Jan Vishwas (Amendment of Provisions) Bill, 2022 covers the Boilers Act, The Aadhar Act, 2016, the Legal Metrology Act, 2009, The Collection of Statistics Act, The Government Securities Act, 2006, and The Food Safety and Standards Act, 2006, among others.

27.07 / 13:33

FIVE show surges Railtel Q1 result: Revenue surges to Rs. 46,346 lakhs, net profit reaches Rs. 3,746 lakhs

Railtel Corporation of India board of Directors of the Company held a meeting on July 27, 2023, where they discussed and approved the un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2023. The financial data shows the unaudited results for the quarter ended June 30, 2023, and the audited results for the year ended March 31, 2023, along with the unaudited results for the quarter ended June 30, 2022. Revenue from operations was Rs.

27.07 / 13:33

UPS Lowe's FIVE Strategy country cover Chemical, petrochemical industry’s role imperative to lower carbon emission, says Bhupendra Yadav

New Delhi: The role of chemical and petrochemicals industry is imperative in government’s commitment to low carbon strategies, said union forest, environment and climate change minister Bhupender Yadav. The government’s long-term low emission development strategy to reach out net zero is multifaceted and includes timebound policies and programme for promotion of clean and renewable energy; enhancement of energy efficiency; development of less carbon-intensive and resilient urban centres, promotion of waste to wealth initiative; adoption of safe, smart and sustainable green transportation network; abetment of pollution and increasing the carbon sink by intensifying efforts of forest and tree cover increase.

27.07 / 13:23

UPS FIVE Indian Indian Energy Exchange Q1 Result: Net profit up 10% to Rs 76 crore in Q1

Indian Energy Exchange on Thursday posted a 10 per cent increase in consolidated net profit to Rs 75.82 crore in the June quarter on the back of higher revenues. The consolidated net profit of the company was Rs 69.12 crore in the first quarter of the previous fiscal, according to a BSE filing.

27.07 / 12:45

FIVE Enterprise Barclays, Deutsche Bank, StanChart in talks with Adani to lend upto $750 mn for Ambuja Cements debt

Ambuja Cements Ltd., said a report by Bloomberg onThursday. The loan would be syndicated, said the report citing people familiar with the matter. The talks haven’t yet concluded, and the amounts could still change, said the report.

27.07 / 12:45

UPS FIVE Digital Progressive Manufacturing electronic India’s semiconductor industry lagged due to past govts’ lack of vision: Rajeev Chandrasekhar

New Delhi: Minister of state for skill development & entrepreneurship and electronics & IT Rajeev Chandrasekhar on Thursday said that India’s semiconductor industry lagged behind due to the lack of political vision and strategic clarity exhibited by previous governments. Addressing the media ahead of the SemiconIndia Conference, scheduled to commence on 28 July in Gandhinagar, the minister highlighted the progress made by the present government in reviving India’s electronics ecosystem and propelling it to become one of the fastest-growing electronics manufacturing nations worldwide.

27.07 / 12:03

FIVE IEX earnings: Posts 9.6% YoY growth in consolidated net profit for Q2, but shares decline amid market coupling concerns

Indian Energy Exchange (IEX) declared its first quarter results. The company reported a 9.6 percent increase in its consolidated net profit for the June quarter compared to the same period last year, reaching ₹75.8 crore. The rise in net profit was attributed to higher revenues.

27.07 / 11:31

UPS FIVE Progressive CEO performer Growth in new business for private life insurers slows down

The value of new business (VNB) for private sector life insurers in the first quarter of FY24 seems to be in the slow lane.

27.07 / 11:31

COST FIVE show country social Updates ITR Due Date Extension: Yes or No? Latest Updates on Income Tax Return Filing Last Date/Deadline Here

Income Tax Return (ITR) filing Due Date Extension Latest News Updates (July 27): While a few taxpayers and tax professionals are still hoping for an extension of the July 31 deadline for ITR filing, the Government is reportedly firm on not extending the due date.

27.07 / 10:59

UPS FIVE Action stage country electronic Jail information Pakistan's Senate approves Army Act amendment to impose 5-year jail term for disclosing 'sensitive information'

Pakistan's Senate on Thursday passed a bill to amend the Pakistan Army Act, 1952 which proposes up to five years in jail for anyone who discloses sensitive information about the country's security and army. Defence Minister Khawaja Asif moved the bill titled «Pakistan Army (Amendment) Act, 2023» amidst the government's efforts to prosecute former prime minister Imran Khan on the 'cypher' issue.

27.07 / 10:47

Lowe's FIVE show track rock Pankaj Murarka on 4 things to look for before investing in smallcap stocks

Pankaj Murarka, Founder, Renaissance Investment, says “good companies, even if they are small, tend to have a long track record of paying good or healthy dividends to shareholders, which effectively shows that the company is shareholder-friendly.”Which are the top four-five points that you look into a smallcap before investing. As a thumb rule, which five areas that the company or the financials of the company should justify before you enter?Essentially, the first thing I would advise investors to look at is look at the balance sheet of the company. you want a company which does not have significant leverage or debt on its balance sheet; you want a company with a strong balance sheet.

27.07 / 08:41

UPS FIVE Google Browser Inside Time Time running out to secure top 6% savings deals

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