Align Financial News

Subscribe to enjoy similar stories. The Centre has put its grand highway expansion plan spanning decades on the backburner, shifting its preference to short-term projects that can be approved and rolled out quicker, two people aware of the change said. The complexities of long-duration projects prompted the Union road ministry to stop pursuing its Vision 2047 blueprint, the people cited above said on the condition of anonymity.

Subscribe to enjoy similar stories. NEW DELHI : India is taking significant steps towards financial inclusion and regulatory simplification, with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. In a consultation paper released on 16 October 2024, the market regulator proposed allowing Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities.

Subscribe to enjoy similar stories. Foreign Institutional Investors (FIIs) have carved out a niche in India’s equity markets, often identifying opportunities that local investors might miss. These global heavyweights, armed with experience navigating both emerging and developed markets, offer a unique perspective—melding international business acumen with an in-depth understanding of India’s growth potential.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

inflation is on a downward trajectory, but there is still significant ground to cover, according to the latest bulletin from the Reserve Bank of India released on Monday. The final stretch of disinflation hinges on controlling food inflation and mitigating its spillover effects on inflation expectations and core inflation. The bulletin. said that the monetary policy remains committed to aligning inflation with its target. However, geopolitical conflicts, an uncertain global outlook, volatile financial markets, and climate-related shocks pose key risks to both growth and inflation forecasts.

Former U.S. national team captain Becky Sauerbrunn and Netherlands forward Vivianne Miedema are among more than 100 women’s soccer players who have signed an open letter protesting FIFA’s sponsorship deal with Saudi Arabian state oil giant Aramco

«UltraTech’s ambitious capacity expansion capitalises on the substantial long term growth potential of India’s cement sector. Its growth trajectory aligns closely with India’s broader growth story. By increasing its scale, the Company will meet the rising demand for cement nationwide,» said the press release by the Aditya Birla-owned entity. Moreover, to meet India's growing demand for cement, UltraTech plans to exceed its total capacity by 200 MTPA by FY27 through the acquisitions of Kesoram Cement (10.75 MTPA) and The India Cements (14.45 MTPA). This expanded manufacturing footprint is expected to help the Birla cement firm reduce operational costs, and improve customer service by leveraging the company’s nation-wide presence and its distribution network, UltraTech further said in the exchange filing.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

multiple employees affected by the recent job cuts have confirmed the news, with Jane Machun Wong, one of the impacted staff members, expressing her thoughts on social media. "I'm still trying to process this, but I am informed that my role at Meta has been impacted," Wong said, thanking her colleagues at Threads and Instagram for her "wild journey" at the company.Reportedly, Meta acknowledged the layoffs in a statement, explaining that the move is designed to align resources with its long-term strategies.

NFRA) Chairperson Ajay Bhushan Prasad Pandey on Thursday underscored the need for improving corporate governance and aligning Indian auditing with global standards to attract investors. Observing that there is a need to continue to take cognizance of corporate governance reforms, he said company management, independent directors and audit committee, statutory auditors, shareholders, and regulators constitute five lines of defence to improve corporate governance. «It is our collective responsibility...we should continue to create trust. Improve the corporate governance, and we should work in that direction,» he said, addressing an event organised by industry chamber Assocham here. Adopting global auditing standards would improve the trust of global investors in the Indian economy, which is on its way to becoming the third largest from the present fifth position, he said.

Abu Dhabi Investment Authority (ADIA)-backed institutional investor Lake Shore has raised over ₹1,200 crore from HSBC Commercial Banking through a sustainability-linked loan for its retail property Viviana Mall in Thane, said persons with direct knowledge of the development. This is the first such fundraising linked to sustainability efforts undertaken for any retail property in the country and among the maiden real estate financing loans availed by any institutional investor in India. The integrated institutional investor has raised the funds through Lake Shore Group entity Salsette Developers that owns the retail property in Thane. HSBC Commercial Banking has provided the loan that was used to refinance the existing lenders and provide liquidity to the company.

Lady Justice' statue, long associated with courts and legal institutions, has been redesigned by the Supreme Court of India as part of an effort to move away from its colonial legacy. Traditionally depicted with a blindfold and a sword, the statue’s updated version removes the blindfold and replaces the sword with the Constitution, signaling a new era for Indian justice.

In a report published today (16 October), the trade body recommended transitioning to T+1 settlement by autumn 2026, a timeline it described as «achievable» despite the more complex market infrastructure compared to the US. However, it argued that although the 15-month timeline for a May 2024 implementation was considered «sufficient» for the US, some sectors in European markets may need a longer transition period than 24 months to prepare.  The political and regulatory timelines of both the UK and EU may make Autumn 2026 «challenging», the IA said, calling for regulatory bodies in th...

electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a report released Wednesday by the International Energy Agency. In recent years, China has accounted for most of the growth in oil demand and planet-heating emissions, but electric vehicles now make up 40% of new sales of cars there, and 20% of sales globally, putting major oil and gas producers «in a bind.» The IEA World Energy Outlook 2024 outlines a future where EV adoption continues to gain momentum, potentially displacing up to 6 million barrels per day of oil demand by 2030. The agency said based on current trends and policies and the availability of materials, EV will reach 50% of global car sales in 2030. China already accounts for half the world's electric cars on the road. By 2030, it's projected that 70% of new car sales in China will be electric. With its massive additions of new wind and solar power, China is aligned with its target for addressing climate change, seeing emissions peak and begin to decline by the end of the decade.

Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.

WhiteOak Capital Mutual Fund has launched WhiteOak Capital ESG Best-in-class Strategy Fund, an open-ended equity scheme investing in companies following environment, social and governance (ESG) themes, adopting the best-in-class strategy. The new fund offer or NFO is open for subscription and will close on October 25. The fund seeks to invest in companies with superior corporate governance practices. The fund seeks to derive returns for its clients by investing in high-quality businesses, which have long-term sustainability of return on capital, potential scalability of the business, strong execution capability and superior corporate governance culture, according to a release by the fund house.

Subscribe to enjoy similar stories. MUMBAI : Imagine you’re planning a cross-country road trip and need to choose a driver. While having a driver’s licence is essential, it’s not enough.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...