FIVE Financial News

26.07 / 07:59

UPS FIVE CEO compliance ITR Filing for AY 2023-24: Compliance required for opting for the new tax regime

After the introduction of the new tax regime in the Budget 2020, there has been a lot of confusion in the minds of people in respect to how the new regime can be opted and opted out. Also, a very common question is what are the compliance requirements of opting into the new regime. Before understanding the compliance requirements, first let’s try to understand about the tax regime itself.

26.07 / 07:59

UPS Provident FIVE Citizens country Will Uniform Civil Code impact tax benefits of Hindu Undivided Families? Finance Ministry responds

While the Uniform Civil Code (UCC) is in the news these days, the Government has not done any assessment of how UCC is going to impact the tax benefits provided to Hindu Undivided Families (HUFs). More so, because there is no such Code at present.

26.07 / 07:35

FIVE RIO dividend Rio Tinto’s profit and dividend miss estimates

Rio Tinto’s half-year profit has slumped 34 per cent following weaker commodity prices, and the $US5.7 billion ($8.4 billion) underlying profit and $US1.77 per share interim dividend have fallen short of analyst expectations.

26.07 / 07:13

FIVE Digital Platform Remark Simplilearn sees 123% rise in AI/ML programme enrollments across multiple markets

digital skills training, is seeing a substantial increase in demand for its AI/ML programmes across markets like India, the US, the Middle East, and Europe. Learner data from the company's platform reveals a 123% surge in demand for such programmes. The dynamic shift in the technology job market has contributed to this trend, with working professionals displaying immense interest in such programmes.

26.07 / 07:13

UPS FIVE Align Luna Shell track tracking Features Smartwatches are passé! Pre-book Noise Luna Ring with health tracking features at just Rs 2K

Noise launched its first-ever smart ring Luna Ring with revolutionary health-tracking capabilities on Tuesday. This marks Noise's entry into the premium smart ring category in the wearable devices market. The company is yet to reveal the price of the new offering, but interested customers can get a Priority Access pass at just Rs 2,000 on gonoise.com.

26.07 / 07:01

Citi Provident FIVE Digital Metro Shaoxing, China, Launches Asian Games-themed Digital Yuan Giveaway – CBDC Showcase Planned

The Chinese city of Shaoxing is planning an Asian Games-themed digital yuan giveaway, as the nation prepares for a major central bank digital currency (CBDC) showcase.

26.07 / 06:27

Target FIVE Digital CEO show performer CEAT shares rise 5% after Q1 profit jumps multifold

CEAT rose nearly 5% to Rs 2,592 in Wednesday's trade after the company reported over 14 times rise in consolidated net profit at Rs 144.6 crore in the June quarter. The company had posted a net profit of Rs 9.25 crore in the year-ago period. Its revenue from operations during the first quarter of the current fiscal stood at Rs 2,935.2 crore, registering a rise of 4.1% compared to Rs 2,818.4 crore in the year-ago period.

26.07 / 05:55

Target FIVE Progressive Action band share price fall Asian Paints share price extends fall after Q1 results; Should you buy, sell or hold? Check what brokerages have to say

Asian Paints share price fell nearly a percent on Wednesday, extending its decline from a 4% fall witnessed in the previous session, after the company declared its Q1 results. The paint maker reported a consolidated net profit of ₹1,574.84 crore in the first quarter ended June 2023, recording a 52% growth from ₹1,036.03 crore in the corresponding quarter last year.

26.07 / 05:53

COST UPS Target FIVE performer Gold miner Perseus’ $771m cash dilemma

Gold miner Perseus could pay bonus shareholder returns next month after smashing full-year production targets, almost doubling its cash reserves and deferring one of its major spending options because of an African civil war.

26.07 / 05:19

COST UPS FIVE Booking performer 2 PSU Stocks You Could ‘Bank’ Upon

Public sector undertaking (PSU) banks have been on investors’ radar over the past 6-8 months, given the attractive valuations they trade at and a revival in their earnings. And in the past few days, two PSU banks – Union Bank of India and Canara Bank – have reported strong operational performance in the June 2023 quarter. Investors on Dalal Street are optimistic that the growth momentum of these PSU banks will continue during the current financial year.

26.07 / 05:05

Provident FIVE Empowering LG to nominate members to J&K assembly unconstitutional and undemocratic: Political parties in Kashmir

BJP's government's proposed introduction of a bill in the parliament to reserve three seats in the legislative assembly of Jammu and Kashmir for Kashmiri migrants and refugees from the Pakistan occupied Kashmir. The political parties maintained that the central government's move to amend the J&K Reorganization Act 2019 for this reservation, in absence of an elected government and assembly in J&K, subverts the constitutional and democratic right and will of the people of the union territory.

26.07 / 04:25

Provident FIVE Citizens Manufacturing Strategy country social NRF can help fast-track India's transformation to a knowledge economy

₹50,000 crore for five years and the goal of providing superior strategic direction for scientific research in India. Many previous “ahead-of-their-time" research funding bodies such as the Technology Development Board (TDB), Science & Engineering Research Board (SERB), Global Innovation & Technology Alliance (GITA), and Biotechnology Industry Research Assistance Council (BIRAC) have fulfilled their purposes quite well. However, none of them had the mandate for a broader vision to transform the research and innovation landscape and take India towards a knowledge economy.

26.07 / 02:51

UPS Citi FIVE Waters IKEA Telangana rains: Red alert issued till 27 July; educational institutions to remain shut

Heavy rain lashes Delhi, Noida; waterlogging situation on ITO road. Check updates In view of incessant rains, Telangana Education Minister Sabita Indra Reddy has declared holidays for all educational institutions in the state on 26-27 July. The announcement was made on the direction of Chief Minister K Chandrashekar Rao, officials said.

26.07 / 01:15

UPS Target FIVE show performer analysts TVS Motor's strong Q1 drives analysts to raise price targets

TVS Motor shares surged to an all-time high on Tuesday, with the shares rising more than 6% — logging their biggest single-day gain since April 2021. Better-than-expected first quarter earnings by the two-wheeler company prompted a number of brokerages to raise their price targets on the stock. TVS shares made a record high of ₹1,388.45 before closing at ₹1,383.70 apiece on the NSE, up 5.86% from the previous close.

25.07 / 21:16

MET FIVE China names Pan Gongsheng to lead central bank, succeeding Yi Gang

China's ceremonial legislation has endorsed the promotion of Pan Gongsheng to serve as central bank governor

25.07 / 21:15

COST UPS FIVE CEO UPS reaches tentative contract with 340,000 unionized workers potentially dodging calamitous strike

UPS has reached a contract with its 340,000-person union, averting a potential strike that would have disrupted deliveries for businesses and households nationwide

25.07 / 21:15

UPS Twitter FIVE Microsoft CEO Meta Ceo House Republicans House Republicans plan to hold Meta's Mark Zuckerberg in contempt of Congress

Meta CEO Mark Zuckerberg is being threatened with contempt of Congress

25.07 / 20:01

UPS Target FIVE Thyssenkrupp stage ‘India strongest part of our steel portfolio’

NEW DELHI : T.V. Narendran, who will start his new term as Tata Steel Ltd’s chief executive and managing director, highlighted the challenges the company faces in Europe, even as he emphasized that the Indian operations remain “structurally the strongest part" of the steelmaker’s portfolio. “The first five years were all problems, the second was more inorganic growth, and these five years, hopefully, will be more organic growth," he said.

25.07 / 20:01

Provident Waves FIVE Cooper Gap country India-Australia trade gap narrows by 15% with FTA

NEW DELHI : The India-Australia interim free trade agreement (FTA), in place for six months, has led to a 15% narrowing of India’s trade deficit with Australia on increased exports of drugs, electrical machinery, and iron and steel articles, along with a significant decline in coal imports due to a milder Indian summer. India’s exports to Australia fell by over 32% in the five months to May compared to the year-ago period, while imports shrank by 25%, resulting in a narrowed trade gap of $3.87 billion, representing a 15% decline from the previous year, according to official data.

25.07 / 19:55

UPS FIVE Reuters CEO RTX to take up to 60 days to fix each GTF engine with contamination issue

(Reuters) -RTX Corp will need up to 60 days to inspect and fix each GTF engine used on Airbus jets that were found to have a new problem involving contaminated powder metal, CEO Greg Hayes said in an interview on Tuesday.

25.07 / 19:13

UPS Provident FIVE Booking Manufacturing Buyback L&T announces first ₹10,000 cr buyback

₹10,000 crore from its public shareholders, the engineering giant’s first such offer in its eight-decade-long history. “We are walking the talk by returning surplus cash to shareholders in our journey to improve the group return ratios over the Lakhshya Strategic Plan period ending FY26," said S.N. Subrahmanyan, chief executive and managing director, L&T.

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