FIVE Financial News

Reliance Retail-owned robotics firm Addverb expects to cross Rs 8,000-crore revenue mark in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said. Addverb Technologies co-founder and CEO Sangeet Kumar told PTI that the company will invest Rs 500 crore in its Greater Noida-based robot manufacturing facility in phases to realise USD 1-billion revenue in five years. «We will invest Rs 500 crore in our manufacturing facility in phases.

Ajit Pawar and leaders like Praful Patel violated the party discipline by joining the Shinde-BJP government in Maharashtra, NCP chief Sharad Pawar said on Sunday. Pawar denied there was a split in the party and claimed more than NCP's future, he was worried about the political future of those who have joined Ajit Pawar. He was, however, not sure about the number of MLAs and leaders with him but claimed that people were with him.

Pakistan Cricket Board (PCB) has written to Prime Minister Shehbaz Sharif, seeking official clearance to travel to India for the ODI World Cup in October-November, according to a report. In the letter, also addressed to the interior and the foreign ministry, the PCB has asked for advice on whether the national team is allowed to travel to India, and if so, if there are any reservations about any of the five venues for the Pakistan games, according to 'Espncricinfo.com'.

Paris suburb was attacked with a burning car in a new flaring of violence. The government of President Emmanuel Macron has been battling five nights of violent protests since 17-year-old Nahel M. was shot dead in the Paris suburb of Nanterre on Tuesday by an officer during a traffic check.

Australia have asked for the Marylebone Cricket Club (MCC) to investigate incidents of its players being abused and confronted by members in the Long Room during the lunch break at the Lord's following Jonny Bairstow's controversial dismissal on Day Five of the second Ashes Test. «Australian management has requested the Marylebone Cricket Club (MCC) investigate several incidents involving spectators in the members' area during lunch on Day Five of the Lord's Test.»«It is alleged players and staff from the Australian team were verbally abused, with some being physically contacted, as they made their way to lunch through the members' area,» said the Australian team in an official statement.

Hetmyer's Rs 8.50 crore annual IPL fees earned from Rajasthan Royals or Andre Russell's Rs 16 crore retention fee from Kolkata Knight Riders is an indication how cricket's financial landscape has changed and playing for the West Indies isn't a motivation anymore. It is the money that matters and has created the biggest hindrance for Cricket West Indies (CWI) from at least keeping the top players interested throughout the year.

Karnataka Chief Minister Siddaramaiah on Sunday said that his government will implement the five guarantees announced during the state election come what may. «We will implement the five guarantees announced during the election no matter how difficult it may be. No matter who pays, we will pay for the five announcements in this year's budget,» he said.

PARIS (Reuters) — The home of a Paris suburb mayor was ram-raided and set alight while his wife and children were asleep inside during the unrest that has gripped the country following Tuesday's shooting of a teenager by a police officer, the official said on Sunday.

Congress in Karnataka, as the opposition Bharatiya Janata Party is all set to attack the ruling party over implementation of its poll guarantees one-and-a-half months after it came to power with a thumping majority. As Chief Minister Siddaramaiah, who holds finance portfolio, gets ready to present his budget on July 7, the BJP is prepared to attack the Congress for its «failure» to implement the five guarantees that were supposed to come into effect from the day the government came to power.

Mumbai-Ahmedabad High Speed Rail Corridor, popularly called the bullet train project, said work was progressing swiftly and cited the construction of three river bridges in one month in Gujarat. Officials of the National High Speed Rail Corridor, which is constructing the high speed corridor, said four out of the 24 bridges have been built in the past six months.

CBI is investigating the role of several people who allegedly helped former WAPCOS CMD Rajinder Gupta, arrested after the seizure of Rs 38 crore in cash from his premises, in purchasing properties worth crores by procuring demand drafts and pay orders in exchange for cash, the agency said its charge sheet. In the charge sheet filed before a CBI special court recently, the agency has alleged that Gupta amassed assets disproportionate to his known sources of income during his tenure as CMD of WAPCOS, a central public sector enterprise, from April 1, 2011 to March 31, 2019. The charge sheet filed under relevant provisions of the Prevention of Corruption Act and IPC Sections 109 and 201 (destruction of evidence) has named Gupta and his wife, Reema Singal, as accused.

Quordle is an online word puzzle owned by Merriam-Webster. Play it on a personal computer, laptop, tablet or smartphone. In Quordle, each player has to guess four words, with each word consisting of five letters. The puzzle is to be solved in nine attempts only. It’s a tough puzzle and you may need some help to solve the word puzzle. Here are the hints and all the answers for today’s Quordle 524, July 2, 2023: Hint 1: In Quordle #524, one word contains a repeat letter. Hint 2: In Quordle #524, the words begin with the letters A, S, L, and S. Hint 3: In Quordle #524, the words end with the letters S, Y, H and Y. Hint 4: Clue for Word 1 — Something not quite right. Hint 5: Clue for Word 2 — Flashy or attracting attention through clothes. Hint 6: Clue for Word 3 — Abruptly move ahead. Hint 7: Clue for Word 4 — Too bold. Here is the solution to today’s Quordle. Do not share the answers!

Wordle is a word game created and developed by software engineer Josh Wardle. It was bought by The New York Times (NYT). The Wordle is to be played on the NYT website or mobile application, as a single player or with the help of friends for guessing. In Wordle, a player has to guess a word consisting of five letters in six chances. We are here to help you with the clues to today’s Wordle 743, dated July 2, 2023. Read on to know more.

Mumbai, lifestyle and fashion accessory startup Zouk is looking at a strong offline strategy of opening more brand outlets «very quickly» to compliment its online presence, and is also keen on making inroads into overseas markets of the US and Canada. The brand, founded by IIM Ahmedabad batchmates and husband-wife duo Disha Singh and Pradeep Krishnakumar, had raised $3 million in fresh capital earlier this year, in a funding round led by Stellaris Venture Partners and participation from Sharrp Ventures, JJ Family Office, Deutsche Bank India CEO Dilip Khandelwal, Manoj Meena of Atomberg and Vineeta Singh, Kaushik Mukherjee of Sugar Cosmetics.

National Investigation Agency (NIA) on Sunday conducted raids at multiple locations across three states in connection with a case against the «Ghazwa-e-Hind», a radicalized module being run by Pakistan-based suspects, officials said. Five locations — two in Patna and one in Darbhanga (Bihar) and one each in Surat (Gujarat) and Bareilly (Uttar Pradesh) — were raided by the NIA in connection with the case registered last year, the federal agency said. It said incriminating material, including digital devices such as mobile phones and memory cards, SIM cards and documents, were seized during the raids which were conducted at the premises of suspects across three states.

octopus nursery off the coast off Costa Rica, over 2,800 meters beneath the sea surface. This is the third known brooding site discovered ever. This discovery also reinforced the idea that some species of deep-sea octopus seek out low-temperature hydrothermal vents for brooding their eggs.

James Packer has returned to the world of media, emerging as a key, multimillion-dollar investor in Alan Jones’ Australian Digital Holdings.

Guwahati has witnessed a 15 per cent rise in passenger footfall in June this year to almost five lakh travellers, an official said on Sunday. A spokesperson of the Adani Group-controlled facility said the LGBI Airport in Guwahati recorded a footfall of nearly five lakh passengers in June 2023, witnessing a sharp increase from the corresponding month of the last year.

GQG Partners has ramped up its shareholding in two Adani group companies to more than 5 per cent in signs of its confidence in the group despite the damning report of a US short seller. On June 28, GQG bought USD 1 billion (Rs 8,265 crore) worth of additional stakes in the group's flagship Adani Enterprises Ltd and renewable energy firm Adani Green Energy Ltd.

smart home devices fell 5.6% (year-on-year) to 186 million units in the first quarter (Q1) of this year.Smart speakers and networked video entertainment devices faced the steepest declines in the first quarter, down 15.4% and 7.8%, respectively, compared to the prior year, according to the International Data Corporation (IDC). The overall market is likely to decline by 1.8% in 2023 as weak consumer demand and economic volatility continue to put significant downward pressure on the market.

Uttar Pradesh government plans to use eight rivers as inland waterways to improve connectivity and transportation of goods, especially bulk cargo such as foodgrains and fertilisers. Senior state government officials said the Yamuna, Gomti, Assi, Ghaghra, Rapti Betwa, Chambal and the Varuna rivers will be used as waterways to transport goods and people. The move is in line with the BJP-led Centre's Maritime India Vision 2030 that envisages increasing the share of inland water transport to five per cent by 2030.