FIVE Financial News

Barrenjoey Partners’ bankers have affectionately dubbed their new home the “Vertical Village”, as the former start-up research and advisory shop marks its transformation into a full-service investment bank by occupying three floors in Sydney’s Quay Quarter Tower on Bridge Street.

Oil prices were largely unchanged on Friday, but set to post weekly gains, as fears of higher U.S. interest rates that could dampen energy demand were offset by signs of tighter supply after a larger-than-expected fall in U.S. oil stocks.

Elon Musk commented on the matter, tweeted, "Competition is fine, cheating is not." Threads, an Instagram app that facilitates real-time public conversations, experienced extraordinary success shortly after its launch. Meta CEO Mark Zuckerberg announced that within just two hours of its release, more than two million people had downloaded the app.

Vande Bharat Express is an indigenously manufactured, semi-high-speed, self-propelled train set. The train has state-of-the-art passenger amenities, providing passengers with a faster, more comfortable, and more convenient travel experience. It was first known as Train 18 and was manufactured at the Integral Coach Factory(ICF) in Chennai.

Vande Bharat Express trains in Gorakhpur, Uttar Pradesh, on Friday. Additionally, the prime minister will inaugurate and lay the foundation stone for various projects amounting to a total value of ₹50,000 crore during his visit. As per the itinerary, Prime Minister Narendra Modi is scheduled to travel to Gorakhpur on Friday, where he will inaugurate two new Vande Bharat Express trains—the Gorakhpur-Lucknow Vande Bharat Express and the Jodhpur-Sabarmati Vande Bharat Express.

Power Finance Corporation is looking to raise up to ₹6,100 crore through two sets of bond sales, with submission of bids likely next week. The first bond sale is likely to be a re-issuance of bonds with an original tenor of five years with a base size of ₹600 crore and a greenshoe option of ₹2,500 crore, sources aware of the development said.

digital economy by identifying key performance indicators as well as gaps and the possible solutions to grow it further. It has set a goal of reaching $1 trillion digital economy in the next few years.

MNCs) are outshining their listed global parents on keenly tracked financial metrics such as rates of top- and bottom-line expansion, profitability and enterprise value, firmly establishing India's world-beating growth credentials. Growth visibility has done enough to burnish the allure of these stocks with investors — both at home and overseas. It is no wonder, therefore, that the India-listed stocks of these MNCs trade at premium valuations relative to their parent entities beset with inevitable growth challenges that mature markets present.

A recent report shows that Bitcoin miners have witnessed a notable achievement, surpassing its previous 2022 record.

₹1.49 lakh as photocopy charges for a 74,500-page document. He has also demanded that the five sacks it was stored in be couriered to him under provisions of the Right to Information (RTI) Act.

Netherlands beat Scotland by four wickets to qualify for the Cricket World Cup on Thursday. Sri Lanka had already claimed the other World Cup berth at the qualifying tournament in Zimbabwe. Bas de Leede was Netherlands' match-winner with his all-round performance.

Stan Wawrinka set up a Wimbledon third-round clash with seven-time champion Novak Djokovic on Thursday, hoping to «not get killed» by a rival he first faced 17 years ago. The 38-year-old Wawrinka, who has won three Grand Slam titles, made the last 32 by seeing off Argentina's 29th seed Tomas Martin Etcheverry 6-3, 4-6, 6-4, 6-2. It will be his first time in the third round at the All England Club since 2015, when he went on to make the quarter-finals.

OceanGate – the company owned the Titan submersible that imploded during a dive to the titanic wreckage, killing all the five people on board including the firm’s CEO Stockton Rush – Thursday said it has suspended its exploration and commercial operations, reported CNN. The submersible was reported missing on June 18 and the US Coast Guard and Canadian authorities on June 22 declared that the vessel had suffered a “catastrophic implosion" killing all the five—CEO Stockton Rush, British businessman Hamish Harding; French diver Paul-Henri Nargeolet; Pakistani billionaire Shahzada Dawood; and Dawood’s 19-year-old son, Suleman Dawood —onboard, ending the rescue operation that had captured the world’s attention for days.

With the changing demographics in the United States, the financial advice industry may finally be reaching the realization it needs to hire more African American financial advisors, a severely underrepresented group in mainstream wealth management.

Association of Mutual Funds of India (Amfi). The data explicitly states that small-cap funds, among all categories, were the biggest beneficiaries of a huge inflow of funds in the last six months. Small-cap funds started gaining momentum in March after they delivered eye-popping returns to existing investors .

Dish TV India, Eris Lifesciences, Bombay Dyeing & Mfg Co. among others, saw heavy and selling on July 06. According to NSE data, HRTI PRIVATE LIMITED bought 91,76,171 shares of Dish TV India at an average price of ₹ 18 per share.

Macrotech Developers Ltd (Lodha) impressed the Street with its robust pre-sales or bookings for the June quarter (Q1FY24). Bookings grew by 17% year-on-year to ₹3,353 crore, also the highest Q1 number delivered by the company. Lodha has now achieved 23% of its FY24 pre-sales guidance of ₹14,500 crore in the first quarter.

Indiana Jones and the Dial of Destiny opened with much hype as the last film of the franchise starring Harrison Ford. The film was expected to make opening weekend collections of up to $85 million. However, Indiana Jones 5 is a disaster in the making. Here’s the Box Office report of Indiana Jones and the Dial of Destiny and a comparison to similar big franchise releases. Post its release on June 30, 2023, Indiana Jones and the Dial of Destiny collected only $82 million in five days. The new generation viewers or even families did not throng to the theaters to watch it even on the Fourth of July holiday. Considering Indian Jones and the Dial of Destiny was made at a budget of $295 million, it needs some good numbers to make a profit at the ticket window. The only good thing is the comparison with other disastrous Fourth of July films, where Indian Jones’ 2023 film stands better. Arnold Schwarzenegger’s comeback movie Terminator Genisys had made just $42.4 million in its first five days.Superman Returns also did not make money as expected around a July 4 release, collecting $76 million in five days. The reason for the failure of these epic franchises, including Indiana Jones and the Dial of Destiny now, could be because their earlier fanatic viewers are now older, and the youngsters don’t care for these series much. Indiana Jones and the Dial of Destiny is more competition coming in the next few weeks, with Mission: Impossible 7, Barbie, and Oppenheimer releasing in theaters.

New Delhi: The National Company law Tribunal (NCLT) heard pleas by engine and aircraft lessors of Go First, who are seeking an interim relief from court to inspect planes and engines and deferred the matter till August 4. During the hearing, senior advocate Arun Kathpalia, who appeared on behalf of one of the lessors, argued that the Delhi HC order to grant access to lessors to their 30 parked aircraft is binding on the tribunal and on the Indian civil aviation regulator DGCA.

New Delhi: The coal production from captive and commercial coal mines have been steadily increasing over the years, registering a 216 per cent growth in the last six years, Minister for Coal and Mines, Pralhad Joshi said Thursday.  In a tweet, minister Joshi highlighted that a total of 86 coal mines have been successfully auctioned under commercial coal mining, offering a potential annual revenue of ₹34,188 crore to various states across the country.  In a meeting with senior officials of the ministry of coal, the minister reviewed the performance of coal production from these mines and deliberated on strategies to further increase production by 39% in the current fiscal year.

New Delhi: The Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public Grievances and Pensions, and the Public Service Division, of the Republic of Singapore signed a protocol document on Thursday, extending for five years the current memorandum of understanding (MoU) on cooperation in the field of personnel management and public administration till 2028. The MoU was signed by V Srinivas, secretary on behalf of DARPG, and Simon Wong, high commissioner of Singapore to India.