FIVE Financial News

07.07 / 10:34

Target FIVE Extreme Action Fighting Strategy Corruption biggest ideology of Congress, Chhattisgarh is its ATM, alleges PM Modi

Narendra Modi on Friday launched a scathing attack on the Congress, alleging that corruption was its biggest ideology, and accused the grand old party of stalling the development of Chhattisgarh, where elections are due by the year-end. Chhattisgarh has become an ATM for the Congress, the PM alleged while addressing a rally at the Science College ground in Raipur, where he inaugurated and laid foundation stones of eight projects worth around Rs 7,600 crore. In his first visit to the Congress-ruled Chhattisgarh after being elected as the prime minister for the second term in 2019, Modi said if the Congress was a guarantee for corruption, he himself was a guarantee for action against graft.

07.07 / 10:33

Target FIVE BLOCK Man Maxim Fighting Strategy Wagner The weaknesses weighing on Vladimir Putin after Wagner mutiny

Putin emerged from last month's Wagner mutiny looking weakened, despite defusing the immediate threat, according to analysts. The short-lived and ultimately aborted revolt by Yevgeny Prigozhin's mercenary force marked the most dramatic challenge ever to Putin's rule. The Belarus-brokered deal to halt Wagner's march toward Moscow saw off a major clash, yet now that agreement seems to be in question.

07.07 / 10:33

COST UPS FIVE Man Waters Pool Centre CM Siddaramaiah slams Centre for price rise, blames previous BJP govt in Karnataka for 'deteriorating' economy

Karnataka Chief Minister Siddaramaiah on Friday slammed the Centre for «failing to control steep price rise», and hit out at the previous BJP government for «deteriorating» the state's economy. «The Central government failed to control steep increase in the prices of essential commodities and fuel during 2022-23.

07.07 / 09:21

UPS Provident FIVE VISA MasterCard network Debit card, Credit card rule to change: Soon you will be able to choose your card network provider

RBI) has proposed to offer you an option to choose the network provider for your debit card or credit card or prepaid card. At present, when you apply for a debit or credit card, you usually don't get to choose the network provider as it is decided by the card issuer. The regulator is all set to change this process.RBI draft proposal on debit, credit card holders getting option to select network provider In a draft circular released on July 5, 2023, the central bank has asked the card issuers i.e., banks and finance companies to allow customers to have more than one card option and allow them to opt for their desired network provider for their cards.

07.07 / 08:59

COST UPS Target FIVE Progressive PayPal Browser Five shares to watch 2023 – second quarter update

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07.07 / 08:57

COST Provident FIVE Amazon Karnataka Budget 2023: Key highlights from CM Siddaramaiah's 14th budget

₹2,50,933 crores, a capital expenditure of ₹54,374 crore and loan repayment of ₹22,441 crores is expected. Karnataka CM Siddaramaiah while presenting the budget in the state assembly informed that government will provide an additional financial aid of ₹4,000 to ₹5,000 a month to each household through the five poll guarantees promised in the Congress party's manifesto. The five guarantees will cost the exchequer approximately ₹52,000 crore annually and are expected to benefit around 1.3 crore families Karnataka government has decided to hike the additional excise duty on Indian Made Foreign Liquor (IMFL) by 20% on all 18 slabs.

07.07 / 08:57

COST Provident FIVE Amazon Karnataka Budget 23-24: CM Siddaramaiah announces ₹4 lakh insurance coverage for e-commerce delivery employees

Zomato, and Amazon. “In order to provide social security to the ‘Gig Workers’ in the unorganised sector, i.e., employed as full time/part time delivery personnel in e-commerce companies like Swiggy, Zomato, Amazon, etc., insurance facility of total of RS.4 lakh will be provided which includes, life insurance of Rs. 2 lakh and accidental insurance of ₹2 lakh.

07.07 / 08:39

UPS Provident Target FIVE Karnataka Budget: Liquor prices set to soar as CM Siddaramaiah proposes duty hike

Karnataka as the state government has put forth a proposal to raise additional excise duty in the 2023-24 budget. Chief Minister Siddaramaiah, who also serves as the Finance Minister, presented the budget in the Legislative Assembly on Friday, suggesting a 20% increase in the existing rates of duty on Indian Made Foreign Liquor (IMFL) across all 18 slabs. As part of the proposed changes, Chief Minister Siddaramaiah has also recommended an increase in the duty on beer from 175% to 185%.

07.07 / 08:31

UPS Provident FIVE Karnataka govt intends to spend Rs 52,000 cr to fulfill poll promises, says CM Siddaramaiah

Congress party's poll promises, Karnataka Chief Minister Siddaramaiah on Friday said approximately Rs 52,000 crore would be spent annually for the five key poll 'guarantees' and it is expected to benefit 1.3 crore families. Presenting the 2023-2024 budget, with an outlay of over Rs 3.27 lakh crore, in the Legislative Assembly, he said through the five 'guarantees' (poll promises), the government will be providing an average additional financial assistance of Rs 4,000 to Rs 5,000 a month to each household.

07.07 / 08:11

UPS Provident Target FIVE Karnataka govt increases excise duty on IMFL and beer

excise duty on IMFL and beer while presenting the State Budget for 2023-24 in the Legislative Assembly. While the government increased existing rates of additional excise duty on Indian Made Foreign Liquor (IMFL) by 20 per cent on all 18 slabs, it also increased additional excise duty on beer from 175 per cent to 185 per cent.

07.07 / 08:05

COST UPS FIVE Booking Matrix Would NBFCs do better than banks in a falling rate regime? Vinay Sharma answers

Vinay Sharma, Equity Fund Manager, Nippon India MF, says that “when the economy reaches a certain size, the sophistication of products increases and a similar experience should happen in India and people would buy different sorts of financial products, payment mechanisms and wealth management products. Purely from a growth perspective, we would be more excited on the NBFC side if one is taking a long-term view.”You have been very bullish on the banking sector. Is this as good as it gets now? From a stock market standpoint, is consensus pricing getting built in?If we were to put it, we would say that we are somewhere in the middle of a good cycle.

07.07 / 07:55

Provident FIVE Isuzu Motors India unveils I-Care Monsoon Service camp for D-Max Pickups and SUVs. Check details

Isuzu I-Care monsoon service camp includes several attractive offers for customers. These include a complimentary 37-point comprehensive check-up, a 10% discount on labor charges, and a five per cent discount on car parts, lubricants, and fluids.

07.07 / 05:35

FIVE Updates Pawar vs Pawar battle: Eknath Shinde holds late-night meeting | Top updates on Maharashtra politics

Maharashtra coalition government. A recent political development in the state involves the induction of nine NCP leaders, including Sharad Pawar's nephew, into the BJP-Shiv Sena (Shinde camp)'s Alliance. Ajit Pawar has been sworn in as the Deputy Chief Minister of Maharashtra. 1) The fierce power tussle between rival NCP factions, led by Sharad Pawar and his nephew Ajit Pawar, continued to play out on Thursday.

07.07 / 05:31

FIVE NIFTY Robeco fund launches Canara Robeco Mutual Fund launches Canara Robeco Multi Cap Fund

Canara Robeco Mutual Fund has launched Canara Robeco Multi Cap fund, an open-ended equity scheme investing across large cap, mid cap, small cap stocks. The new fund offer of the scheme is open for subscription and will close on July 21. The scheme will reopen for subscriptions / redemptions, within five business days from the date of allotment, which is on or before August 4. The performance of the scheme will be benchmarked against Nifty 500 Multicap 50:25:25 Index TRI. The scheme will be managed by Shridatta Bhandwaldar and Vishal Mishra.

07.07 / 05:31

FIVE Gap Chase NIFTY $5 billion-bet! FIIs chased these 7 sectors in June; will dollar-shower continue on D-Street?

foreign portfolio investors (FPIs), with financial services at the top of the list. The financial services sector saw net inflows of Rs 19,229 crore ($2.3 billion) in June, which is nearly 9% higher from May. Since March, the Nifty Financial Services index has gained a whopping 13% and scaled a lifetime high earlier this week.

07.07 / 05:15

UPS FIVE Manufacturing Janet Yellen seeks to calm a fraught but close-knit US-China trade relationship

Janet Yellen tries to steady an increasingly tense relationship with China, the world's two largest economies remain tightly linked, but are showing some signs of future weakness. Yellen starts meetings on Friday with senior Chinese officials pledging to seek «healthy competition» with China as confrontation between the economic powers over U.S. technology export controls and planned outbound investment restrictions dominate headlines.

07.07 / 04:51

UPS FIVE Strategy Power Updates Karnataka Budget LIVE Updates: CM Siddaramaiah to present first budget since Congress assumed power

Karnataka Budget LIVE Updates: Karnataka's Chief Minister Siddaramaiah is set to present the state budget today at 12 pm. This budget holds significance as it is the first since the Congress party assumed power in the state after the May 10 election.It is the second budget of the 2023-24 fiscal year and is expected to outline the specific allocation required to fulfil the five pre-poll guarantees made by the Congress party.The budget will also prioritize strategies for increasing revenue generation.

07.07 / 04:51

UPS FIVE Injustice Power Karnataka Budget: CM Siddaramaiah to present 1st budget since Congress assumed power; here's all you need to know

₹60,000 crore annually. The Chief Minister had already said that some strict austerity measures will be announced. He has hinted that the size of the budget this year could be about ₹3.35 lakh crore.

07.07 / 03:27

UPS Provident Lowe's FIVE Platform Buyback NOT BSE Share Buyback: To Participate or Not?

Stock buybacks are a rage these days. These strategic moves deliver immediate value to shareholders, making them quite appealing. However, there's another compelling reason to embrace share buybacks.

07.07 / 03:07

MET FIVE ‘Washington wants healthy economic competition’: US Treasury Secy Janet Yellen on China visit

semiconductors and solar panels. The US official was due to meet Friday with China's No.

07.07 / 03:07

COST Provident FIVE Strategy Remark SENSEX Why Sensex is Rising

performance of the Sensex, India's leading stock market index, has been exceptional, as it continues to break records with benchmark indices consistently smashing one record after another. Despite the inherent volatility and unpredictability of the stock market, the index has showcased remarkable resilience, gaining 1.8% in the past five days. As a result of this, the market capitalisation of companies listed on the Bombay Stock Exchange (BSE) have also experienced an unprecedented surge, currently standing at a staggering ₹298.57 trillion (tn) (US$ 3.65 tn).

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