FIVE Financial News
18.07 / 08:35
UPS
FIVE
McDonald's
Action
Fighting
RBI slices tomato inflation to find 5 interesting facts
inflation, the RBI will have to contend with pricey tomatoes. The price of tomatoes has risen dramatically in recent weeks, spurting above Rs 160 and even crossing Rs 200 in some parts of the country. McDonald's took tomatoes out of its food items in certain locations and many eateries as well as households started using purée instead of tomatoes.
18.07 / 08:27
UPS
MET
FIVE
Extreme
IMD sees moderate rain in Delhi for over next two hours
New Delhi: The India Meteorological Department (IMD) has forecast light to moderate showers in the national capital and adjoining areas for the next two hours. “Light to moderate intensity rain would occur over and adjoining areas of isolated places of Delhi (Safdarjung, Lodi Road, R K Puram, Defence Colony, Hauzkhas, Malviyanagar, Kalkaji, Tughlakabad,Dilshad Garden, Seemapuri, Shahadra, Vivek Vihar)," it said in an update on Tuesday. Light to moderate rain is also expected over and adjoining areas of Hodal of Haryana, Saharanpur, Deoband, Chandpur, Sikandrabad, Bulandshahar, Nandgaon, Barsana, Mathura in Uttar Pradesh, and Nadbai, Bayana of Rajasthan.
18.07 / 08:27
UPS
FIVE
Gap
NIFTY
week
Financial
Stock market today: PNB to ICICI Bank — these 5 financial stocks hit 52-week high. Do you own any of them?
Stock market today: Despite Bank Nifty index losing over 100 points during Tuesday deals, some banking and financial stocks have attracted buying interest of Dalal Street bulls and have hit a new 52-week high. Shares of Punjab National Bank (PNB), ICICI Bank, Suryoday Small Finance Bank, Can Fin Homes and Ujjivan Financial Services are one of them. These fie financial shares have hit a new 52-week high today despite selling pressure at Bank Nifty today.
18.07 / 08:27
UPS
MET
FIVE
Booking
Progressive
Action
Henry Kissinger explains how to avoid world war three
The Economist spoke to Mr Kissinger for over eight hours about how to prevent the contest between China and America from descending into war. These days he is stooped and walks with difficulty, but his mind is needle-sharp. As he contemplates his next two books, on artificial intelligence (AI) and the nature of alliances, he remains more interested in looking forward than raking over the past.
18.07 / 07:15
FIVE
BLOCK
Puzzle
Yellow
Wordle 759: Hints, answer to crack today's word puzzle for July 18
Wordle is an internet based word puzzle game. It was first designed by Josh Wardle for his partner who loved word games. Later, it was bought by the New York Times for an undisclosed amount. Wordle is now accessible worldwide and is available on the official website of NYT. Wordle is now amusingly popular for its unique characteristics. Many other Wordle inspired games came in the market later on like Dordle, Squabble, Heardle etc.
18.07 / 07:15
COST
FIVE
Digital
Platform
Digi
New RBI platform to use milk supply data for dairy farmer loans
Many farmers or dairy farmers find it impossible to obtain a bank loan for want of any credit history. But now, Using a new platform created by the Reserve Bank Innovation Hub, a borrower can access information on the milk that dairy farmers sold to Amul or state-accessible land records to calculate their ability to pay back the loan, reported TOI. The “frictionless credit” initiative, which is so far ready for farm and dairy loans, is proposed to be expanded to education loans (using the Digi Locker), MSMEs (based on Udhyam registration and GST and tax records) and even vehicle and personal loans as tests have shown that a loan can be sanctioned in less than 10 minutes.
18.07 / 05:45
COST
MET
FIVE
Fighting
Australian
This Australian state has refused to host Commonwealth Games, ‘not a difficult decision’, says Premier; here's why
Also read: Japan Accuses Australia of Betrayal in Fight Over Natural-Gas Exports The multi-sport event, featuring 20 sports and 26 disciplines, was planned to be held across five regional hubs in Victoria. However, Andrews' team explored cost-cutting options, including reducing the number of hubs or moving the Games to Melbourne, but found them unfeasible.
18.07 / 05:09
COST
UPS
Target
FIVE
Manufacturing
Here's why Deven Choksey is bullish on Tata Elxsi
«I think we believe that the underlying story remains absolutely very, very convincing for FMEG companies. And that is where I think this company is positioned,» says Deven Choksey, MD, KRChoksey Holdings Pvt. Ltd.UBS has come out with a note on Havells. They have upgraded the stock to now a buy. The target price also has been up to 1900 bucks. They are saying that the structural growth story is back into focus alongside a cyclical kicker. They are saying that it's a $40 billion opportunity by FY28, rising at 10% CAGR. Earnings CAGR currently at 26%. They are saying the concerns over the past two years are now behind them. Capital allocation is going to now return accretive. The valuation-wise, they are saying that it is the best play when it comes to consumer electricals. And they say that they are seeing a sustained revenue share gain, a higher share of premium products, and a turnaround for Lloyd as well, which is in the offing, which is going to aid upside for Havells. Wanted to understand what is your thought here.I think we believe that the underlying story remains absolutely very, very convincing for FMEG companies.
18.07 / 04:55
Citi
FIVE
Metro
Yellow
Orange
Mumba rain: IMD predicts heavy to very heavy rainfall in the city today, issues orange alert for tomorrow
The Indian Meteorological Department has predicted heavy to very heavy downpour in Mumbai on Tueesday. In the past twenty four hours, the metro city has observed around 225 mm of rainfall.
18.07 / 04:25
Provident
FIVE
Infosys founder Narayana Murthy, wife Sudha Murty donate gold conch, tortoise idol to Lord Balaji at Tirupati
₹880 crore from devotees who donated at least ₹10,000 in the past five years, reported PTI referring to an official on Sunday. As per the procedure, for every donation of ₹10,000, TTD offers a ‘VIP Break Darshan’, which ensures that the donors visit the deity early in the morning. On the other hand, other devotees have to wait for long in the queue, Sarvadarshanam queue.
18.07 / 03:15
UPS
Lowe's
FIVE
CEO
NIFTY
prudential
Best to take a multi-asset approach, says Naren of ICICI Prudential Mutual Fund
A category which invests across equity, fixed income, REITs, gold, international equity and commodities, multi-asset funds have added 300,000 folios in the last one year, and assets under management of these schemes have moved up 55% from ₹20,400 crore to ₹31,600 crore. «India presents a unique and compelling growth story for the coming decade, powered by strong fundamentals and several ongoing structural reforms. As a result, the Indian market valuations are high compared to several other markets,» said S Naren, chief investment officer at ICICI Prudential Mutual Fund.
18.07 / 03:03
COST
UPS
FIVE
Assurant
Commonwealth Games in limbo as Australia pulls out as 2026 host
Victoria pulled out of hosting the 2026 Commonwealth Games on Tuesday citing major cost blow-outs, leaving organisers fuming as they scrambled to keep the multi-sport event afloat. State Premier Daniel Andrews said the initial estimated Aus$2 billion (US$1.36 billion) needed to hold the Games would more likely be around Aus$7 billion, which he called «well and truly too much». «I've made a lot of difficult calls, a lot of very difficult decisions in this job.
18.07 / 03:03
Provident
FIVE
Digital
Manufacturing
Platform
Assurant
Interface
Online B2B marketplaces a $200 billion opportunity by 2030, says report
The growth is currently driven by four factors — increased digital adoption, mature digital infrastructure, favourable regulatory policies, and a conducive cross-border environment, according to the Bengaluru-based venture capital firm. Examples of the key drivers included e-commerce, logistics and payments systems such as Unified Payments Interface (UPI), Open Network for Digital Commerce (ONDC), Account Aggregators, and Open Credit Enablement Network (OCEN), the report said.
18.07 / 03:03
Provident
Target
FIVE
Deal
Infosys signs $2 billion AI deal with existing strategic client. Details here
Technology services provider Infosys has announced entering into a framework agreement with one of its existing strategic clients in order to provide artificial intelligence and automation-led development. In an exchange filing on Monday, Infosys revealed that the agreement will also entail modernization and maintenance of services. It is expected to come with a total client spend target of around $2 billion in the next five years.
18.07 / 01:59
UPS
FIVE
Booking
Manufacturing
NIFTY
valuations
Midcaps and small caps valuations are a bit overstretched: Sachin Shah
«I think the trend for the Q1 will also be decent and the capex cycle seems to be very strong,» says Sachin Shah, Emkay Investment Managers.We are actually just in the phase of the denial. Markets are just chugging along almost 19,650. Which side of the camp are you? Are you getting into a frothy zone now or are you on the camp that the rally may not stall in a hurry this time and even if it does, the correction would be much more shallower because they come on strong fundamental factors. Yes, markets have been going up against most of the people's expectations, but I am sure it is a pleasant surprise for everyone.
18.07 / 01:57
UPS
IPO
FIVE
Enterprise
SENSEX
Stocks to Watch: LTI Mindtree, Reliance, Tata Elxsi, Sheela Foam, Amara Raja
LTIMindtree: The IT services firm reported a net profit of ₹1,151 crore, a 4% increase in the June quarter. Its operational revenue for the quarter stood at ₹8,702 crore, marking a 14% growth. The company recorded earnings before interest, tax, depreciation, and amortisation of ₹1,635 crore for the June quarter, reflecting a 9% year-on-year rise.
18.07 / 01:55
UPS
Target
FIVE
UBS
Discount giant Dollarama seeks bargain at The Reject Shop
Despite economic headwinds, there’s been no lack of activity in the local retail sector. And profit warnings from some of the country’s highest-profile brands – from Harvey Norman to Best & Less and Adairs – have not dulled interest in Australia from one major overseas retailer, Canada’s Dollarama, a Montreal-headquartered discount chain.
18.07 / 01:55
FIVE
Extreme
Aware
Consultancy firm issue worse than expected: Gallagher
Finance Minister Katy Gallagher has admitted the over-reliance of consultancy firms in the public service was worse than expected.
18.07 / 01:45
FIVE
Waters
North Bengal flood: West Bengal Irrigation Minister blames Bhutan's rivers for flash floods
disaster management team meeting at Uttar-Kannya Secretariat, near Siliguri, on Monday evening, Partha Bhowmick engaged with secretaries of disaster management, five district superintendents of police (SPs), district magistrates (DMs), and other officials. Also read: Himachal Pradesh floods: IMD issues alert for next 2 days; death toll climbs to 108 Speaking to ANI, State Irrigation Minister Partha Bhowmick emphasised that the region is facing substantial challenges during the monsoon due to the lack of advance weather information from Bhutan. He said, "During this monsoon session we are facing huge problems due to Bhutan.
18.07 / 01:45
UPS
Provident
MET
FIVE
CEO
Compilation
Gautam Adani’s go-to bankers at Barclays turn cautious after Hindenburg
Barclays Plc has been the go-to bank for Indian billionaire Gautam Adani, leveraging a relationship forged when only a few global firms were working with the emerging conglomerate. An explosive report by short-seller Hindenburg Research in January has changed all that, prompting the bank to pare its exposure, leaving a hole in an Indian business that’s been a key driver of the firm’s Asian growth for years. Executives at the highest levels are scrutinizing ties with Adani, turning more cautious about adding new business pending a regulatory probe that’s supposed to end next month, according to people familiar with the matter.
17.07 / 22:53
UPS
FIVE
Highways
testing
Union Pacific railroad to renew push for 1-person crews by testing conductors in trucks
Union Pacific will renew its push for one-person train crews later this summer when the railroad tests out the idea of having a conductor in a truck respond to problems on trains in Nebraska and Colorado
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