Align Financial News

I retired on 30 June 2023. I have an EPF corpus of Rs 85 lakh. If I don’t withdraw from it, will the interest earned be subject to tax? Is it better to transfer the EPF corpus to my NPS tier 1 account to earn tax-free interest and growth? Please advise on how to grow my corpus to beat inflation in a tax-efficient manner. Amit Maheshwari, Partner, AKM Global: According to the provisions of the Income-tax Act, 1961, and aligned rules, withdrawal of EPF corpus on retirement, after a continuous service of at least five years, will be tax-exempt under Section 10(12).

inflation pressures in the United States decreased in October compared to the preceding month. The Multivariate Core Trend (MCT) inflation gauge, disclosed by the bank, revealed a reading of 2.6 percent for October, down from September's 2.88 percent. The bank attributed the higher MCT level, compared to its pre-pandemic average, to specific trends in housing and non-housing services.

Web3 development protocol Envision Blockchain Solutions has partnered with the HBAR Foundation to create a blockchain-centric system for handling the carbon markets.

Mastermind Toys will be rescued from the brink of bankruptcy less than two weeks after announcing it had filed for creditor protection.The prominent Canadian retailer announced Monday morning that it had entered into a deal with Unity Acquisitions Inc. that will see the majority of its 66 locations remain open and “a significant portion of employees” stay on.Eighteen locations will close, according to a release, which states all stores will remain open during the holiday season and seasonal promotions will continue.Liquidation sales began Dec.

Sam Altman, who was formerly employed as the Chief Executive Officer of OpenAI, the artificial intelligence research lab that is well-known for its achievements in AI technology, including the invention of ChatGPT, has been rehired. This is a surprising outcome. In light of the fact that Altman was ousted from his position only a few days prior to the announcement of this decision on November 22, it demonstrates the dynamic nature of leadership within the quickly developing artificial intelligence business.

The list of financial advisors deciding to take greater control of their practices with an independent RIA firm is ever growing, but is now a good time to take the plunge?

₹700 crore. Currently, the port has a capacity of 5 million tonnes per annum (MTPA), with potential expansion to 19 MTPA. JSW Infrastructure intends to enhance and upgrade the facilities and capacity of PNP Port from 5 MTPA to 19 MTPA in a phased manner," the company said in a statement.

Jefferies Financial Group is starting an investment-banking unit in Canada as part of an international expansion of its core Wall Street operations.

Money market fund managers see no end in sight to the record inflows they have garnered in 2023, as cash continues to pour in from investors hoping to take advantage of the highest yields available in years.

Contrary to some rumors, Gurman affirms in his newsletter, «Power On», that Apple remains committed to advancing its 5G modem development. However, the company is concurrently directing attention to the burgeoning field of 6G. A notable job opening on Apple's official website discloses their pursuit of a cellular platform architect to contribute to these cutting-edge endeavors. In contrast to many smartphone manufacturers, Apple prefers to maintain self-sufficiency when it comes to essential components. Not only does Apple produce the processors for iPhones, but it also boasts its own operating system. A crucial hardware element, the modem facilitates a phone's connection to a cellular network. Although Apple presently relies on Qualcomm modems in its devices, the company is actively working towards a future where it can employ its own in-house modems for upcoming devices. This strategic shift aligns with Apple's commitment to greater control and autonomy over the integral parts of its products.

>>Visit VC Spectra’s Website<< On November 11, Celestia (TIA) celebrated a significant milestone with the completion of its latest network upgrade. Celestia (TIA) marked the launch of a groundbreaking blockchain featuring a unique modular data availability network. This development has not only set Celestia apart in the competitive crypto space but has also initiated a surge in demand for TIA.

Manipur witnessed fresh violence in a series of violent incidences that has gripped the state since May, 2023. According to media reports citing officials, 13 people were killed in a gunfight between two groups of militants in Manipur's Tengnoupal district. The incident took place at Leithu village on Monday afternoon, PTI reported.

In November, the dollar index experienced a correction as bullish momentum waned. The greenback eventually breached the range between 105 and 107 that had persisted throughout October.

RBI) Monetary Policy Committee (MPC) is scheduled to commence its three-day policy meeting on December 6, with the outcome due on December 8. Similarly, the US Federal Reserve is set to announce its policy outcome on December 13. Both the US Fed and the RBI are expected to maintain interest rates at the current level since inflation is easing and growth remains resilient.

geyser options not only promise to deliver a steady supply of hot water but also boast smart technologies that align with the contemporary connected lifestyle. Smart features like temperature control through mobile apps, energy usage monitoring, and compatibility with virtual assistants add an extra layer of convenience to these appliances. As we delve into the geyser price comparison, the article provides valuable insights into the unique selling points of each model.

Stock market today: Shares of Punjab National Bank (PNB) witnessed huge buying interest during morning deals on Monday. PNB share price today opened with big upside gap at ₹83.15 apiece levels on NSE and went on to hit intraday high of ₹83.95 per share levels, which turned out a new 52-week peak for PNB shares. PNB share price rebounded strongly after touching intraday low of ₹82.30 per share afer profit booking trigger at 52-week high.

Day trading guide for today: On account of of strong GDP data, Indian stock market ended higher for fourth straight session on Friday. Nifty 50 index touched new life-time high of 20,291 and finished 134 points higher at 20,267 levels.

Gati Shakti initiative for logistics efficiency reckons it can save up to ₹15 crore per km for projects run by the National Highway Authority of India (NHAI). The estimated savings are due to a reduction in the length of roads by integrating various expressway corridors after modifications of alignment for NHAI projects, said Sumita Dawra, who is leading the NPG as special secretary, department for promotion of industry and internal trade.

Closing November with an 8.86% increase in value, Bitcoin has sustained its upward trend for the past two months.

By Ajay Trehan

MUMBAI : The Reserve Bank of India’s monetary policy committee (MPC) is likely to maintain status quo on policy rates for the fifth consecutive time, 10 economists polled by Mint said, amid persistent inflation risks. They also expect the committee to nudge up its GDP growth forecast for FY24, from 6.5% to 6.7-6.8%, following higher-than-expected growth in the September quarter (7.6% year-on-year). A majority of the economists polled expect the rate-setting panel to keep the repo rate unchanged at 6.5%.