FIVE Financial News

01.07 / 06:17

UPS Provident FIVE Platform Pool Dreams All 10 JEE toppers pick Computer Science at IIT-Bombay

computer science at IIT-Bombay just went up a notch higher to touch perfect 10-all the top 10 all-India rankers in JEE are joining the Powai campus. Thirty-seven others in the top 50 followed suit and decided to pick the Powai college over other IITs at the close of first round admissions of 2023-24. And when one looks at the top 100, 89 students opted for IIT-Bombay as their first choice, with everyone asking for computer science.

01.07 / 05:49

UPS FIVE Weekend Satyaprem Ki Katha witnesses box office dip after strong opening, hopes for weekend surge

Kartik Aaryan and Kiara Advani's latest film, 'Satyaprem Ki Katha,' experienced a decline in box office numbers on its first Friday following a promising start on the Eid holiday. Directed by Sameer Vidwans, the film earned approximately Rs 6-7 crore on its second day, indicating a slight drop from the opening day's collection of Rs 8.50 crore. Despite this dip, the film managed to secure a place among the top 10 highest opening-day collections of 2023.

01.07 / 05:47

FIVE Airlines Barrett Hawaiian Thousands delayed as winds force flight cancellations

Flight cancellations due to strong crosswinds at Sydney Airport have caused travel disruption nationwide for a second day in a row at a peak school holiday time.

01.07 / 03:39

FIVE Waters CEO Tether Platform Discover Adventure recovery 500 Recovering the Titan 12,500 feet underwater was dangerous, complex, emotional: Recovery team

Titan submersible had gone missing, they quickly learned that they would have to do what other deep-sea experts had already tried unsuccessfully: to find the lost sub in some of the most forbidding depths of the North Atlantic. They set to work deploying their own remotely operated vehicle, the Odysseus, from a ship with a giant «umbilical cord,» then lowered the behemoth to the ocean floor, a process that took about an hour and a half, Cassano said Friday at a news conference held at the suburban Buffalo headquarters of his company, Pelagic Research Services. Just moments after Odysseus arrived on the seafloor, its high-definition cameras sent back images of debris that were undoubtedly what remained of the Titan.

01.07 / 03:39

COST Provident FIVE Progressive Gap Mobile external debt Pakistan’s flawed external debt policy

Pakistan on policies to be supported by a Stand-By Arrangement (SBA) in providing USD 3 billion, the last minute rescue package for Islamabad’s acute balance of payment crisis. According to major global credit rating agencies Islamabad would be compelled to default on external borrowings without the IMF assistance. Surprisingly, Pak forex reserves are now below USD 3.5 billion, hardly sufficient for less than a month’s requirement for even essential imports.

01.07 / 02:27

FIVE CBI CRS report on Odisha train accident won't be made public to avoid influencing CBI probe: Railways

Railways will not make public the CRS probe report on the Balasore triple train accident to ensure that there is no «influence or interference» on the CBI's ongoing investigation in the case, senior officials told PTI on Friday. While there has been no official confirmation, some sources said the Commission of Railway Safety (CRS) informed in its report that the accident occurred due to human error on the part of on-duty officials in the Signalling and Telecom Department as well as the Traffic Department. The officials failed to follow the standard operating procedure in place for train operations, according to the sources.

01.07 / 02:27

FIVE Extreme Former Brazil President Jair Bolsonaro barred from running for office for 8 years

Brazil's highest electoral court has barred former President Jair Bolsonaro from running for political office till 2030. This comes after Bolsonaro was found guilty of abusing his power and misusing public media during last year's election campaign, CNN reported. The former president was found guilty by five out of seven judges, effectively ending any hope of a political comeback in the forthcoming 2026 election.

01.07 / 00:59

FIVE Disney CEO Racing Mobile rights Dream11 bags team India jersey sponsor rights at base price of Rs 358 crore

As the lead sponsor, Dream11 will have its logo on the front of the jersey of Indian men's, women's, and U-19 cricket teams. Dream11 was the only serious contender in the race as Disney Star was the only other company that picked the tender document, one of the people said. A top executive with a sports marketing firm blamed exorbitant base price set by the Board of Control for Cricket in India (BCCI) for the poor response to the jersey sponsorship race.

30.06 / 21:25

Target FIVE Extreme Brazil’s ex-President Jair Bolsonaro barred from running for political office until 2030; Here’s what happened

Brazil's former President Jair Bolsonaro has been barred from running for political office until 2030 by the country's highest electoral court. The court reportedly found him guilty of abusing his power and misusing public media during the 2022 election campaign. This verdict effectively ends any possibility of Bolsonaro making a political comeback in the upcoming 2026 election.

30.06 / 20:57

FIVE South Eastern Railway GM transferred, to take charge of Karnataka-based Rail Wheel Factory

South Eastern Railway was transferred as general manager to the Rail Wheel Factory in Karnataka's Yelahanka on Friday. This is the latest in a series of relocations for senior officials of the zone in which a triple train accident on June 2 killed more than 290 people. Earlier, the Railway Board had transferred five senior zone officials, including the assistant general manager and the divisional railway manager.

30.06 / 20:57

UPS FIVE BLOCK Action Fighting US Supreme Court blocks Biden student loan forgiveness

Supreme Court handed President Joe Biden a painful defeat on Friday, blocking his plan to cancel $430 billion in student loan debt — a move that had been intended to benefit up to 43 million Americans and fulfill a campaign promise. The justices ruled against Biden in a 6-3 decision favoring six conservative-leaning states that objected to the policy. The court's action dealt a blow to the 26 million U.S.

30.06 / 20:57

UPS FIVE Disney Destiny Indiana Jones and The Dial of Destiny Box Office: Indiana Jones 5 bags $7.2 million on Thursday Night

Indiana Jones 5 collected around $7.2 million in previews on Thursday, maker Disney confirmed. It now opens in 4,600 theaters weekend which goes up to Fourth of July holiday, giving it a decent time. The fifth installment of Indiana Jones franchise is projected to earn $65 million in its opening weekend. However, the movie's whopping $295 million budget poses a challenge for it to mint a profit. The previous installment in the franchise, released in 2008, achieved impressive box office results, but «Dial of Destiny» will need strong support from nostalgic fans to reach similar heights. Nevertheless, Indiana Jones and The Dial made it five nominations at the 2023 Golden Trailer Awards.

30.06 / 20:57

UPS FIVE Platform Mobile Thank the rich, tech's guinea pigs

Titan submersive vessel taking people down deep underwater to view old shipwrecks, ended in horrific tragedy with all five of its passengers crushed to death in submarine darkness. The second one was a thumbs up — Virgin Galactic's rocket plane Unity completing its first commercial flight in (suborbital) space, paving the way to have another platform for commercial space travel. There have been grumbles — even perverse humour in the case of the ill-fated Titan — that these are things only for rich folks.

30.06 / 19:29

COST UPS Provident FIVE Align Why hire professional service providers for your Home Interiors?

When it comes to transforming your home interiors or giving your walls a fresh coat of paint, hiring professional organized players can provide numerous advantages. Their expertise, attention to detail, and efficient approach can significantly enhance the outcome of your project.

30.06 / 19:01

COST UPS FIVE Strategy Remembering Arun Jaitley on sixth anniversary of GST

GST is acclaimed as the biggest taxation reform since independence. This has now been borne out of results achieved in the last 6 years of its implementation. The average growth rate of Gross GST revenue for the period 2018-19 to 2022-23 is 12.3% against the nominal GDP growth rate of 9.8%.

30.06 / 17:55

FIVE Platform Gap Mobile Software BlackRock valuation Fidelity cuts Gupshup’s valuation by 37% to $876 million

Gupshup, a messaging software-as-a-firm, by 37.4%, according to a regulatory disclosure as of May 31 2023. In June 2021, the fund had acquired 709,497 preference shares of the company for $16.2 million. The updated share value suggests a $876.4 million valuation for Gupshup.

30.06 / 15:07

UPS FIVE Action Schools services Manipur government extends ban on internet services till July 5, defers reopening of schools

Manipur government has extended the ban on internet services till July 5. The state government has deferred the reopening of schools to July 8.

30.06 / 13:55

UPS Lowe's Target FIVE Assurant Retail borrowers missing payments worries RBI

retail borrowers are missing monthly payments, the Reserve Bank of India has flagged in its latest financial stability report. These borrowers manage to keep their accounts from slipping into non-performing assets (NPAs) with some payments before the 90-day deadline.

30.06 / 13:06

COST FIVE Southern Walmart Costco Opinion: Competition Bureau report puts grocery 'greedflation' to rest

By Karl Littler

30.06 / 13:05

UPS FIVE Man RBC CIBC Canaccord management abandons $1.1-billion buyout bid

A management group at Canaccord Genuity Group Inc. that included the chief executive and chairman has given up a bid to privatize the independent investment dealer after failing to win enough shares and regulatory approval to satisfy their $1.1-billion offer.

30.06 / 13:05

UPS FIVE CEO Fallout Southern Shell co-CEO private credit Private credit refinancing shows concerns about sector overblown: Ninepoint co-CEO

Private credit funds have been under scrutiny in recent months as rising interest rates prompted some observers to worry that the handsome returns generated by lending to companies that can’t get traditional bank financing might not stand the test of time.

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