FIVE Financial News

18.07 / 12:47

UPS Provident FIVE AXY TCS expansion Deal Amid slowdown forecast, Infosys wins $2 bn AI, automation deal expansion

market capitalization, late on Monday said that it has signed a mega deal with one of its existing clients. In an exchange filing, the company said that the deal to provide artificial intelligence (AI) and automation development, modernization and maintenance services is valued at $2 billion, and will be spread over the next five years. Details of the client were not disclosed.

18.07 / 12:47

COST Provident FIVE Digital CEO Platform L&T Tech Q1 Results: Attrition rate to multi-million dollar projects. Check key highlights here

₹311 crore which is 13% higher than the ₹275 crore the company reported during the same quarter in the previous fiscal year. The revenue of the company witnessed a growth of 15% year-on-year growth and EBIT margin was at 17.2%. “We had a quarter of strong deal wins across all five segments, the highlight being a $50M plus deal in Telecom and Hitech.

18.07 / 11:19

COST Provident FIVE Digital Manufacturing Platform L&T Tech Q1 Results: Net profit jumps 13% to ₹311 crore; revenue rises 15%

₹311.1 crore. The net profit of the company jumped 13% from ₹275 crore during the same quarter in fiscal year 2022-23. The revenue of the company witnessed a 15% jump to ₹2,301 crore in Q1FY24 from ₹2,006 crore during Q1FY23.

18.07 / 11:19

FIVE Racing Southern National US national detained in North Korea for illegally crossing heavily fortified border

North Korea without authorisation while the US national was on a tour to the Korean border village of Panmunjom. The tweet mentioned that he is currently in North Korean custody and that the UN Command is working with its North Korean counterparts to resolve the incident. It gave no further details on who the person is or why he crossed the border. The last time there was a defection at the Joint Security Area was in 2017, when a North Korean soldier drove a military jeep then ran on foot across the demarcation line at Panmunjom.

18.07 / 11:09

UPS FIVE Man Career JPMorgan Discover Morning Coffee: 38-year-old M&A banker told he has a biological age of 45. The highest paid mathematicians in finance

Investment banking ages you. As former Goldman Sachs associate turned academic Alexandra Michel famously discovered in a study over a decade ago, the average banking career only lasts seven years but during that time participants go through a brutal initiation of overwork leading to alopecia, weight gain and physical and mental deterioration. Those who persist learn to pace themselves the hard way.

18.07 / 11:09

FIVE Telegram Ex-Credit Suisse trader's hedge fund hires top Deutsche trader

Last time we wrote about Ardacan Celebi, it was 2018, he was 30 years old, and he was making a ton of money as a comparatively junior trader on Deutsche Bank's credit desk in London. Five years later, Celebi is five years older and five years richer, and he's just left Deutsche for a hedge fund.

18.07 / 10:43

COST Citi FIVE Progressive Strategy Forrester IGO’s stricken Western Areas assets face year-long, $275m blowout

IGO, the West Australian nickel and lithium miner that slashed almost $1 billion from the value of assets it acquired from Western Areas, faces a year-long delay and a $275 million cost blowout on that project.

18.07 / 10:43

Provident FIVE CEO PwC Deloitte ‘Completely unsatisfactory’: EY’s disclosure worse than PwC’s

Greens senator Barbara Pocock has slammed EY for its lack of disclosure to the Senate inquiry examining consultants.

18.07 / 10:43

UPS Provident FIVE CEO PwC Deloitte PwC tax leaks ‘deeply disturbing’, says rival EY

EY’s boss said the tax leaks scandal at rival big four consulting firm PwC was “deeply disturbing”, but was criticised by frustrated senators investigating the industry for failing to disclose his firm’s partnership deed and partner pay rates.

18.07 / 10:43

Provident Target FIVE JPMorgan Pool UBS Goldman Sachs: Australia’s ultra-rich are Asia’s ‘biggest opportunity’

Goldman Sachs is doubling the number of advisers in its local private banking arm after identifying the country’s 400 wealthiest families as one of the “biggest opportunities” in Asia.

18.07 / 09:59

Provident Lowe's FIVE Southern Explainer Mint Explainer: What are Niti Aayog’s ‘dimensions’ of poverty?

poverty line while lagging behind on other basic necessities. The UN makes reference to this in its sustainable development goals, saying it aims to halve the share of people living in poverty “in all its dimensions" by 2030. The multidimensional poverty index (MPI) measures indicators across education, health and living standards.

18.07 / 09:53

Citi FIVE Reuters licence Court declines to entertain Absolut & Glenlivet-seller Pernod appeal to renew liquor sale licence in Delhi

Pernod Ricard's plea seeking a renewal of its liquor sale licence in New Delhi, marking the latest legal setback in the French giant's attempt to restart sales in the city, news agency Reuters reported on Tuesday.India's federal financial crime agency Enforcement Directorate has accused the company of illegally making profits by giving false information to Delhi city authorities in 2021, and violating rules by financially supporting retailers in exchange for stocking more of its brands. Pernod has repeatedly denied wrongdoing.

18.07 / 09:29

Provident FIVE Citizens Returns Highest FD interest rates: These two banks offer 9% returns on fixed deposits

Highest FD interest rates: Customers can now take advantage of higher fixed deposit (FD) interest rates offered by these two banks. You can now receive over 9 per cent interest rate on FDs with Unity and Suryoday small finance banks. The FD ratesoffered by these two small finance banks on select tenures are way higher than most of the investment schemes like the Public Provident Fund (PPF), Employees' Provident Fund (EPF), Sukanya Samriddhi Yojana (SSY), among others.

18.07 / 09:29

Citi Target FIVE Digital Aware Platform Persona Mumbai Tim Hortons treats, beverages to be available at doorstep in Mumbai via Zomato from next month

Also read: Zomato rolls out food trends platform for restaurant partners Before its launch, Tim Hortons focused on creating awareness through digital channels, especially social media, to target specific sections of the audience and establish a lifestyle brand persona. Tim Hortons has already introduced nine stores in the National Capital Region (NCR), two in Mumbai, and six in Punjab and has ambitious plans to further expand to Pune and Bengaluru.

18.07 / 09:29

UPS IPO Provident FIVE Booking 1:2 stock split, two bonus issues: Multibagger SME IPO turns ₹1.2 lakh to ₹1.40 crore in seven years

Multibagger stock: A long term investor not just earn from stock movement only. A listed company shares its profit with its shareholders using its capital reserves. The listed companies reward its loyal investors by announcing dividend, bonus shares, stock split, rights issue, buyback of shares, etc.

18.07 / 09:29

COST UPS Citi FIVE BLOCK Simulation An all-out strike brings Hollywood to a halt

Alliance of Motion Picture and Television Producers (AMPTP), the negotiating body for the studios, expired on June 30th, but the sides decided to extend negotiations until July 12th. No deal was reached. On the first morning of the strike, picket lines in Los Angeles and New York swelled with performers.

18.07 / 09:13

Provident Lowe's FIVE Booking Manufacturing Banner HAL After rising over 120% this year, will defence stocks strike again or run out of steam?

Defence stocks have been firing on all cylinders this year, with most of them giving double-digit returns, prompted by several deals ranging from technology transfer to India to arms manufacturing to strengthening of the Indian defence system under the 'Make in India' banner. Shares of Mazagon Dock Shipbuilders, India’s only shipyard to have built destroyers and conventional submarines for the navy, have gone through the roof, rising 122% so far this year.

18.07 / 09:13

Citi FIVE Waters Delhi flood: Two of five jammed gates of ITO barrage opened so far

ITO barrage have been opened so far as the Delhi government makes an effort to get rid of waterlogging in parts of the city. Of the 32 gates of the barrage, five were jammed due to silt accumulation, hindering the quick drainage of river water.

18.07 / 08:37

UPS FIVE Aware Action PwC Forbes Browser How East Asia Is Dealing With Greenwashing

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18.07 / 08:37

COST FIVE Digital Google Pool Indian Indian start-up funding drops by 70% in FY23 reveals Redseer report

As per the Redseer’s path to profitability report, the Indian start-up fundings and deals has dropped by 70% in FY23 when compared to FY22. While it experienced a sharp funding peak during FY22 totalling around $50 billion, a gradual onset of funding winter over the subsequent quarters led to a 70% drop in FY23 to around $15 billion.

18.07 / 08:35

Target FIVE NIFTY 5 reasons why Dharmesh Shah is bullish on the market

«We remain to be positive for the market. And we believe we are in a structural bull market. And inside the structure of the bull market, we believe things should get better and better going forward,» says Dharmesh Shah, ICICI Securities.What are your long-term charts telling you?We remain to be positive for the market.

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