Five Star Business Finance shares plummet 13.5% as NBFC cuts AUM growth forecast

Despite reporting strong results for the September ending quarter (Q2FY25), shares of Five Star Business Finance fell 13.60% to ₹758 apiece in intraday trade on Wednesday, October 30. This decline followed the company’s decision to lower its assets under management (AUM) growth guidance for FY25 to 25% from the previously projected 30%.In addition, starting November 2024, the non-banking finance company (NBFC) intends to lower its lending rates by 2 percentage points to 22.5%. However, as these loans are fixed-rate, the reduction in spreads will only impact new disbursements, domestic brokerage firm Motilal Oswal noted.Also Read

Couple’s travelling hack saves them £50k on holidays from Thailand to Iceland

Your support helps us to tell the storyThis election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story.The Independent is trusted by 27 million Americans from across the entire political spectrum every month. Unlike many other quality news outlets, we choose not to lock you out of our reporting and analysis with paywalls. But quality journalism must still be paid for.Help us keep bring these critical stories to light. Your support makes all the difference.CloseRead moreA couple who traded family holidays for home swaps have said the travelling hack has saved them up to £50,000 across 35 countries.Retired teachers Tim Moynihan, 67, and his wife Elizabeth, 66, joined HomeExchange in 2008 – a platform which allows users to exchange their homes over dates of mutual choosing, or if a member wishes to lend their home without reciprocity, their guest can offer GuestPoints to thank them for their hospitality.In search of more affordable ways to holiday with their now grown-up children – Matthew, 38, Hannah, 36, Helen, 34, and Rory, 31 – Tim said home swapping has allowed the family to travel the world and stay in properties with “all the home comforts”.Tim and his wife have since visited 35 countries over the past 16 years, including Iceland, Sweden and New Zealand, completing 84 home swaps in total – and they believe they have saved up to £50,000 by doing so.Tim in Krabi, ThailandThe arrangement has also seen more than 40 guests, including couples and families, stay in their four-bedroom semi-detached home in Hadleigh, Essex, which is beside the country park and has views across the local estuary – and they have never had a bad experience.The annual HomeExchange subscription is £180 and allows members unlimited exchanges, and the couple have stayed in properties including a seafront apartment in South Africa, where they spotted whales just yards away, Hot Springs in Arkansas, where Bill Clinton grew up, and a “James Bond-style villa” in Thailand.Tim described this Ko Samui property as a ‘James Bond-style villa’“What we’ve discovered is that you’ve basically got a home away from home,” Tim told PA Real Life.“The benefits of it are that you get a place that you want to go to, you’ve got all the home comforts, you’ve got people that know the area and, very often, people will leave a house book with tips on what to see and do and to help with managing the house during the exchange.“Those sorts of things prove invaluable, really, so you get a fuller picture of what life is like in those countries when travelling abroad.“You get a flavour of other people’s lives because you’re in their home and their personal possessions are there – their family photos, for example – and you can gauge their lifestyle.“If you stay in a hotel, you don’t really get to experience that, which makes home swapping more special.”Tim with his wife Elizabeth in Dalkey near DublinTim and his wife Elizabeth first joined the website in 2008 in search for more affordable ways to go on holiday as a family of six.“The thing was, having four children, hotel holidays were a non-starter for us … and being teachers, we had the six-week holiday, so you’re tied to the peak times,” Tim said.“So I was just looking for other options that would allow us to travel abroad.”For Tim and Elizabeth’s first home swap, they travelled to Colmar in France, but they have since visited places such as San Francisco, Iceland, Sweden, Norway, Thailand, South Africa, New Zealand and Australia, creating long-lasting memories.Tim’s wife Elizabeth enjoying a meal at the Biltmore Hotel MiamWhile in Oakland in San Francisco, Tim recalled staying in a shared living community, meeting a sex therapist who was living next door and waking up to an earthquake one morning.One of their most memorable home swaps was a lavish “James Bond-style villa” in Ko Samui, Thailand, which had a swimming pool, and on another occasion, they stayed in an unusual property in Selfoss in Iceland.Recalling the trip to Iceland, Tim said: “We arrived in the middle of the night.“You’re driving through these lava fields, and there are little plumes of smoke, wisps of smoke, coming up.“There are no lights, of course, it was such a bizarre experience … and the house was very interesting – there were dolls everywhere and African artworks and a gym in the main living area.“It was just so different to our own home.”Tim in Cape Town, South AfricaThe couple also stayed in various locations in South Africa and were able to see whales just yards from their seafront property in Hermanus.“We drove along the coast to Hermanus from Cape Town in South Africa, and we had the most amazing apartment, which was right on the seafront,” he said.“The next morning we looked out, and there were whales near the shore just 100 yards, 200 yards from where we were – a whale and its calf just literally in the bay outside our apartment.”Tim said he believes he and Elizabeth have saved up to £50,000 by using HomeExchange – and it has allowed them to stay in places that they never dreamed they would visit. For more information, visit HomeExchange’s website homeexchange.com.A property in Arkansas that Tim and his wife stayed inThis includes Hot Springs in Arkansas, the largest gated community in North America, where US president Bill Clinton grew up, which Tim described as “fascinating”.Tim and Elizabeth had use of a new 4×4, two Vespas, a Volkswagen Beetle Convertible and their own pontoon boat on the dock by the lake below the house, making it a very memorable trip.The couple said that being able to use families’ cars and other vehicles has enabled them to save even more money when doing some reciprocal home swaps.“The places are often spectacular,” Tim said.“You don’t always end up in the places that you would want to go to for a holiday … but if you go with a spirit of adventure, you can have a lot of fun.”Tim said one of the best things about home swapping is immersing yourself in new places and cultures and living like a local.He said he would encourage anyone to give it a try – and although people may have reservations about strangers coming into their home, Tim said thorough checks take place and they have never had a bad experience.Speaking about his advice to others, he added: “I would say, just do it. I mean, what have you got to lose?”

Couple’s travelling hack saves them £50k on holidays from Thailand to Iceland

Your support helps us to tell the storyThis election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story.The Independent is trusted by 27 million Americans from across the entire political spectrum every month. Unlike many other quality news outlets, we choose not to lock you out of our reporting and analysis with paywalls. But quality journalism must still be paid for.Help us keep bring these critical stories to light. Your support makes all the difference.CloseRead moreA couple who traded family holidays for home swaps have said the travelling hack has saved them up to £50,000 across 35 countries.Retired teachers Tim Moynihan, 67, and his wife Elizabeth, 66, joined HomeExchange in 2008 – a platform which allows users to exchange their homes over dates of mutual choosing, or if a member wishes to lend their home without reciprocity, their guest can offer GuestPoints to thank them for their hospitality.In search of more affordable ways to holiday with their now grown-up children – Matthew, 38, Hannah, 36, Helen, 34, and Rory, 31 – Tim said home swapping has allowed the family to travel the world and stay in properties with “all the home comforts”.Tim and his wife have since visited 35 countries over the past 16 years, including Iceland, Sweden and New Zealand, completing 84 home swaps in total – and they believe they have saved up to £50,000 by doing so.Tim in Krabi, ThailandThe arrangement has also seen more than 40 guests, including couples and families, stay in their four-bedroom semi-detached home in Hadleigh, Essex, which is beside the country park and has views across the local estuary – and they have never had a bad experience.The annual HomeExchange subscription is £180 and allows members unlimited exchanges, and the couple have stayed in properties including a seafront apartment in South Africa, where they spotted whales just yards away, Hot Springs in Arkansas, where Bill Clinton grew up, and a “James Bond-style villa” in Thailand.Tim described this Ko Samui property as a ‘James Bond-style villa’“What we’ve discovered is that you’ve basically got a home away from home,” Tim told PA Real Life.“The benefits of it are that you get a place that you want to go to, you’ve got all the home comforts, you’ve got people that know the area and, very often, people will leave a house book with tips on what to see and do and to help with managing the house during the exchange.“Those sorts of things prove invaluable, really, so you get a fuller picture of what life is like in those countries when travelling abroad.“You get a flavour of other people’s lives because you’re in their home and their personal possessions are there – their family photos, for example – and you can gauge their lifestyle.“If you stay in a hotel, you don’t really get to experience that, which makes home swapping more special.”Tim with his wife Elizabeth in Dalkey near DublinTim and his wife Elizabeth first joined the website in 2008 in search for more affordable ways to go on holiday as a family of six.“The thing was, having four children, hotel holidays were a non-starter for us … and being teachers, we had the six-week holiday, so you’re tied to the peak times,” Tim said.“So I was just looking for other options that would allow us to travel abroad.”For Tim and Elizabeth’s first home swap, they travelled to Colmar in France, but they have since visited places such as San Francisco, Iceland, Sweden, Norway, Thailand, South Africa, New Zealand and Australia, creating long-lasting memories.Tim’s wife Elizabeth enjoying a meal at the Biltmore Hotel MiamWhile in Oakland in San Francisco, Tim recalled staying in a shared living community, meeting a sex therapist who was living next door and waking up to an earthquake one morning.One of their most memorable home swaps was a lavish “James Bond-style villa” in Ko Samui, Thailand, which had a swimming pool, and on another occasion, they stayed in an unusual property in Selfoss in Iceland.Recalling the trip to Iceland, Tim said: “We arrived in the middle of the night.“You’re driving through these lava fields, and there are little plumes of smoke, wisps of smoke, coming up.“There are no lights, of course, it was such a bizarre experience … and the house was very interesting – there were dolls everywhere and African artworks and a gym in the main living area.“It was just so different to our own home.”Tim in Cape Town, South AfricaThe couple also stayed in various locations in South Africa and were able to see whales just yards from their seafront property in Hermanus.“We drove along the coast to Hermanus from Cape Town in South Africa, and we had the most amazing apartment, which was right on the seafront,” he said.“The next morning we looked out, and there were whales near the shore just 100 yards, 200 yards from where we were – a whale and its calf just literally in the bay outside our apartment.”Tim said he believes he and Elizabeth have saved up to £50,000 by using HomeExchange – and it has allowed them to stay in places that they never dreamed they would visit. For more information, visit HomeExchange’s website homeexchange.com.A property in Arkansas that Tim and his wife stayed inThis includes Hot Springs in Arkansas, the largest gated community in North America, where US president Bill Clinton grew up, which Tim described as “fascinating”.Tim and Elizabeth had use of a new 4×4, two Vespas, a Volkswagen Beetle Convertible and their own pontoon boat on the dock by the lake below the house, making it a very memorable trip.The couple said that being able to use families’ cars and other vehicles has enabled them to save even more money when doing some reciprocal home swaps.“The places are often spectacular,” Tim said.“You don’t always end up in the places that you would want to go to for a holiday … but if you go with a spirit of adventure, you can have a lot of fun.”Tim said one of the best things about home swapping is immersing yourself in new places and cultures and living like a local.He said he would encourage anyone to give it a try – and although people may have reservations about strangers coming into their home, Tim said thorough checks take place and they have never had a bad experience.Speaking about his advice to others, he added: “I would say, just do it. I mean, what have you got to lose?”

Scientists develop novel ink to curb document duplication

New Delhi: A team of scientists at the Institute of Nano Science and Technology (INST), an autonomous institute of the Department of Science and Technology, has developed a novel ink with enhanced security features to stop counterfeiting in currency, certificates, branded goods and medicines, the Ministry of Science & Technology said on Wednesday. Even as counterfeiting has been growing around the world, researchers are trying to find unique ways to prevent it.
 They focussed on rare earth ions with luminescent properties and were long known to possess the characteristic emissions of bismuth (a chemical element). Using the property of rare earth materials, the team synthesised a first-of-its-kind security ink based on luminescent nanomaterials with rare earth doping. This enables excitation-dependent luminescence (under both ultraviolet and near-infrared light it gives visible emission). The ink can overcome the limitations of current covert tags, which are security features usually visible only under UV light and can be easily duplicated. “The new ink offers enhanced security features through its ability to display different colours under various light wavelengths. Specifically, the ink appears vibrant blue under 365 nm light, pink under 395 nm light, and orange-red under 980 nm near-infrared (NIR) light and remains effective under a range of light, temperature, and humidity conditions,” the ministry said.
Using a simple co-precipitation method, the scientists synthesised the luminescent nanomaterial at 120 degrees Celsius, after which the nanomaterials were dispersed into commercially available PVC ink. The mixture was then used to create patterns and letters through a screen-printing technique. When the printed patterns are exposed to different wavelengths of light, it shows the desired colour changes, proving the effectiveness of the ink. Further, the team also was able to enhance the encryption and decryption capabilities of the ink, by combining rare earth ions with well-known luminescent properties and bismuth with characteristic emissions.
This improved its security potential. Besides helping combat counterfeiting, the luminescent ink made from these nanomaterials can also be applied to fake-proof various items, including currency, certificates, medicines, and branded products. This allows both consumers and manufacturers to easily verify the authenticity of their items, providing a simple yet powerful tool to detect counterfeits, the scientists said.
(IANS)

Scientists develop novel ink to curb document duplication

New Delhi: A team of scientists at the Institute of Nano Science and Technology (INST), an autonomous institute of the Department of Science and Technology, has developed a novel ink with enhanced security features to stop counterfeiting in currency, certificates, branded goods and medicines, the Ministry of Science & Technology said on Wednesday. Even as counterfeiting has been growing around the world, researchers are trying to find unique ways to prevent it.
 They focussed on rare earth ions with luminescent properties and were long known to possess the characteristic emissions of bismuth (a chemical element). Using the property of rare earth materials, the team synthesised a first-of-its-kind security ink based on luminescent nanomaterials with rare earth doping. This enables excitation-dependent luminescence (under both ultraviolet and near-infrared light it gives visible emission). The ink can overcome the limitations of current covert tags, which are security features usually visible only under UV light and can be easily duplicated. “The new ink offers enhanced security features through its ability to display different colours under various light wavelengths. Specifically, the ink appears vibrant blue under 365 nm light, pink under 395 nm light, and orange-red under 980 nm near-infrared (NIR) light and remains effective under a range of light, temperature, and humidity conditions,” the ministry said.
Using a simple co-precipitation method, the scientists synthesised the luminescent nanomaterial at 120 degrees Celsius, after which the nanomaterials were dispersed into commercially available PVC ink. The mixture was then used to create patterns and letters through a screen-printing technique. When the printed patterns are exposed to different wavelengths of light, it shows the desired colour changes, proving the effectiveness of the ink. Further, the team also was able to enhance the encryption and decryption capabilities of the ink, by combining rare earth ions with well-known luminescent properties and bismuth with characteristic emissions.
This improved its security potential. Besides helping combat counterfeiting, the luminescent ink made from these nanomaterials can also be applied to fake-proof various items, including currency, certificates, medicines, and branded products. This allows both consumers and manufacturers to easily verify the authenticity of their items, providing a simple yet powerful tool to detect counterfeits, the scientists said.
(IANS)

Business ISP VoiceHost Joins ITS Technology’s UK Full Fibre Network

The ITS Technology Group, which operates wholesale full fibre broadband and Ethernet networks (“Faster Britain“) across urban parts of the UK, has today announced that business voice and data solutions provider, VoiceHost, has joined their network as part of a strategic partnership. The collaboration is intended to help broaden VoiceHost’s own wholesale connectivity portfolio, enabling…

If The Gov’t Cannot Get International Legitimacy, It Will Be Difficult To Do Business – Resan Kikava

Part of the business sector states that they are waiting for the evaluations of the international community and Western partners regarding the results of the parliamentary elections held on October 26.As the director of “Expo Georgia”, Resan Kikava told BMG, various assessments are made regarding the results of the elections, and if the results of the conducted elections do not receive appropriate legitimacy, this will have a negative impact on the business environment. However, the businessman hopes that the processes will not take place in such a scenario.”We will wait for the developments, so far nothing is clear. We hear different assessments from the international community, we also hear internal protests, we are waiting for the development of events and will act accordingly. As a business, we are obliged to adapt to the situation and try to keep jobs.Even if the government is legitimate according to Georgian law, if it cannot receive legitimacy from the international community, it complicates everything, of course. This situation increases risks for investors, and in general, the desire of cooperatation disappears. Of course, this will complicate the operation of the business, and hopefully it will not come to that. Otherwise, of course, this will complicate everything, including relations with financial institutions”, Resan Kikava said .