Align Financial News

Thе Indian rеal еstatе sеctor is gеaring up for a great comеback as thе fеstivе sеason of 2023 approachеs. Aftеr еnduring sеvеral challеnging yеars markеd by еconomic volatility and thе COVID-19 pandеmic, thе sеctor is now sеt to bask in thе radiancе of rеnеwеd optimism.

Today marks Vijaya Dashami, a festival with diverse interpretations and unique celebrations across the Indian subcontinent. For some, it symbolizes the triumph of the noble Rama over the formidable demon king Ravana, highlighting Rama’s valour and unwavering compassion. Others commemorate this day in honour of goddess Durga’s conquest over the buffalo demon Mahishasura, signifying the restoration and safeguarding of righteousness and virtue in life.

ANI, “I want to extend my greetings to everyone on the occasion of Vijayadashami. I am very honoured & privileged that I have been welcomed as a chief guest at this function.

HCLTech, India’s third largest IT services company, is set to start its wage-hike process, excluding the middle- and senior-level employees of the current cycle to reflect the growth constraints faced by the $250-billion industry. “We will move forward with compensation reviews for employees in E0 to E3 bands. The effective date for increases will be retroactive to Oct 1, 2023 for E0 – E2 and effective Jan 1, 2024 for E3," the company’s chief people officer Ramachandran Surdararajan said in a communication to all employees. The formal communication email has been reviewed by ET.

banks to look at organising a non-resident Indian (NRI) week in January, aligning with the annual Pravasi Bhartiya Divas, to attract more capital from NRI investors and also understand their issues and provide an instant redressal forum. As per the latest data from the Reserve Bank of India (RBI), NRI deposits increased to $2.14 billion in the first quarter of this financial year from $349 million a year ago. «We have made a suggestion to the banks. A conclave like this can be held in Gujarat International Finance Technology (GIFT) City, but it is for the banks to work out the details.

₹30-crore fund to back artificial intelligence (AI) and electric vehicle (EV)-related startups operating in India. The size of the Category II Alternate Investment Fund (AIF) ‘VSS Investments Fund’ approved the by the Securities and Exchange Board of India (Sebi) is ₹20 crore, along with a green shoe option of ₹10 crore. Follow-on investments for Sharma’s current portfolio in consumer and B2B technology space will also come from this fund, he said in a statement.

Coca-Cola (NYSE:KO), the world's most recognizable beverage brand, is poised to release its 3rd-quarter 2023 earnings on October 24th, just before the market open. As the financial results draw near, investors are eager to see if the numbers will turn out to be the catalyst needed for KO stock to recover from its +15% decline since the last week of July.

Paytm founder and chief executive Vijay Shekhar Sharma has launched a ₹30-crore ‘VSS Investments Fund’ to invest in Indian artificial intelligence (AI) and electric vehicle (EV) startups. The total size of the Sebi-approved, Category II Alternate Investment Fund (AIF) is ₹20 crore with a green-shoe option of ₹10 crore, bringing the total corpus to ₹30 crore.

Kia Carnival is expected to reenter the Indian market in 2024, potentially marking a fresh beginning for the brand, thanks to its attractive exterior design enhancements. Spy images of the updated Kia Carnival display a refreshed front grille and lighting arrangement, along with a revised tail light design that aligns more closely with the updates seen in the refreshed Seltos model.

A team of eight wealth management professionals has joined D.A. Davidson & Co. in North Carolina.

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₹21,999 for the 8GB RAM and 128GB on-board storage variant, the Vivo Y200 is offered in desert gold and jungle green colors and can be purchased from Vivo India's official e-store, as well as e-commerce platforms such as Amazon India and Flipkart. Additionally, the Vivo Y200 is currently available with introductory offers, which include a substantial ₹2,500 discount on select bank cards.

As luxury transcends beyond homes, commercial real estate in India is witnessing a transformative wave. While opulent residential properties have always been associated with the term ‘luxury’, a new trend is emerging – the expansion of luxury into commercial spaces. The rise of high-end offices reflects a paradigm shift in how businesses view their workplaces and the environments they thrive in. These spaces combine functionality, aesthetics, and technology to create immersive environments that foster growth, innovation, and well-being. Additionally, India’s economic resiliency, supportive government policies, and improving business environment ensure its position as an attractive market for global investors in the long run.

In a period of dynamic transformation within the Indian real estate sector, a significant trend has come to the fore: the remarkable rise of senior living projects nationwide. This burgeoning phenomenon can be attributed to a convergence of factors that are reshaping the very fabric of Indian society.

As thе calеndar approachеs thе holiday sеason in India, thе air is thick with еxcitеmеnt, joy and nеw bеginnings. This lovеly timе of yеar in 2023 isn’t just about partying with family and friеnds; it’s also thе idеal sеason to invеst in India’s thriving rеal еstatе markеt. Thе Indian festive sеason, distinguishеd by a plеthora of fеstivals, еxudеs hopе, frеsh bеginnings and wеalth. It’s also an еxcеllеnt opportunity to look into invеsting options in thе Indian rеal еstatе markеt.

A company’s group health insurance cover ceases to exist once an employee retires or resigns from the organisation. However, the employee including family members can migrate to an individual or family floater health insurance policy with the same insurer if he acts in time. For this, the insured employee has to intimate the insurer prior to leaving the employer or within five days of the date of cessation of group membership to issue a new retail health insurance policy for himself and his dependents (who were named as insured persons in the earlier policy) for cover up to his sum insured under the policy, on payment of premium in full for the new policy. After the migration, the insured can even opt for portability with any other general or standalone health insurer if needed.

BITS School of Management, Mumbai (BITSoM) has appointed Saravanan Kesavan as its new Dean. Earlier he contributed as an Associate Dean of the UNC Kenan-Flagler Business School for 16 years at the University of North Carolina (UNC) at Chapel Hill, according to an official announcement.

job portals and professional networks are among the channels used today to apply for a job. Both these options come with their own set of advantages and limitations. Let’s delve a little deeper to understand which option individuals prefer more and how you can leverage both to boost the chances of getting hired. Sarbojit Mallick, Co-founder of job search platform Instahyre, says portals are invaluable tools for early career professionals, offering access to a plethora of job opportunities, essential resources and connections that can significantly increase their chances of landing a dream job. These portals serve as networking hubs, connecting job seekers with potential employers and allowing them to interact directly through application portals or messaging features.

employee experience (EX) is also an important element. Improving EX is a key goal for C-Suite executives, according to a report. The reasons for this focus ranged from enhanced employee satisfaction, improved productivity, more speed in business, higher retention and improved automation, said NTT’s recent 2023 Global Employee Experience Trends Report. It delved into the impact workplace trends like hybrid work and artificial intelligence (AI) have on employee experience strategies and business performance. The IT services provider’s report underscored that EX focused on technologies that can enable and empower employees and drive efficiency, including through collaboration and mobility tools.