Align Financial News

Avantax, the tax-oriented financial planning and wealth management firm under Cetera, continues to demonstrate its appeal for planning-focused advisors as it adds a seasoned professional from LPL.

LPL has gained strength yet again in Georgia’s mass-affluent network as it welcomes a five-advisor ensemble from Osaic.

The Chief Minister was delivering his address on the occasion of 78th Independence Day, after hoisting the national flag at the Manekshaw Parade Ground here. He noted that MoUs (memorandum of understanding) have been signed with 13 industries, which will bring in investments worth Rs 42,915 crore and is expected to create around 22,600 jobs. The government has approved 591 investment projects through single window committees during 2023-24, he said adding this will result in a flow of Rs 84,232 crore investment and employment generation for 1,56,986 people. «During 2023-24, our state stood first in exports, with a value of USD 1,66,545 Million.

financial independence in these years not just desirable, but essential. Retirement planning is not merely a financial exercise; it is a strategic alignment of today's investments with tomorrow’s needs, ensuring a sustained quality of life even after the steady flow of income ceases. A robust retirement plan is one that not only secures your future but also ensures a continuous income stream during your golden years, safeguarding your independence.

Nicholas Stephanopoulos is Kirkland & Ellis Professor of Law at Harvard Law School. Speaking to Srijana Mitra Das, he explains past — and present — legal aspects of the American electoral system: Q. What is the core of your research? A. I teach American constitutional law and election law primarily — within the latter, which is my area of specialisation, I look at topics including voting rights, redistricting, money in politics, minority representation and the like. The US electoral system is quite an enigma. Voters exercise their ballot but an electoral college decides — why? The US does have an odd and complicated system for electing its President — it’s a lot more complex than just having a single nation-wide poll. We basically have 50 separate state-wide elections and each state determines how its Presidential election will be conducted — typically, each state election decides all the President-elect’s electors from it. To win the Presidency, a candidate must win a majority of the total number of these electors. So, the candidates don’t really compete on a nation-wide basis — they compete to win individual states. Most of the candidates’ attention is thus focused on a handful of highly competitive states like Michigan, Wisconsin, Pennsylvania, North Carolina, Georgia and Arizona. The winner of the voters of those states will have a majority of the total number of electors — and be elected President.

Congress party’s guarantee schemes to make them more targeted and eliminate the creamy layer. The state government may consider the demand after taking up a survey across the state to hear the feedback from beneficiaries, according to sources. Two senior ministers had talks with the AICC leaders in Delhi on Tuesday and argued for the need for tweaking some of the programmes, while conveying similar sentiments from the ruling party MLAs. They urged the AICC leadership to discuss with chief minister Siddaramaiah and deputy CM DK Shivakumar and align the programme to access only the low-income group families. The concerns of some MLAs stem from the fact that the availability of funds to take up development work in their constituencies has become scarce as the government has committed upwards of Rs 52,000 crore to fund the five guarantee programmes in the fiscal year 2024-25.

As X’s owner and most followed user, Elon Musk has increasingly used it as a microphone to amplify his political views and those of the often right-wing figures he’s aligned with

DST) ends for 2024. This annual ritual, which involves «springing forward» in March and «falling back» in November, will see its conclusion on November 3 this year.

Commonwealth Financial Network has made a hefty addition to its rapidly growing advisory network as a family-led ensemble from Arizona joins from Osaic.

Union Home Ministry has asked to expedite the whole border fencing construction work by conducting survey and alignment of stretches along the Indo Myanmar border in Manipur and Arunachal Pradesh. Four Northeastern states including Nagaland, Mizoram, Arunachal Pradesh and Manipur share a border with Myanmar. The Mizoram Assembly on February 28 this year adopted a unanimous resolution opposing the Centre's decision to fence the India-Myanmar border and eliminate the Free Movement Regime (FMR). The Nagaland government and almost all organisations in the state are also against the border fencing and abolishing of the FMR.

After enduring substantial financial losses during the covid-19 pandemic, Gagneesh Kumar, a plant manager from Rudrapur, Uttarakhand, is reassessing his investment strategy as he nears his mid-40s.

Prudent Equity launched its maiden growth strategy portfolio management service (PMS), which allows a minimum investment of Rs 50 lakh. The fund leverages a bottom-up value investing approach, capturing mispriced opportunities while prioritising capital protection, and is designed for investors seeking long-term capital appreciation over 36 to 60 months.

Axis Commercial Real Estate Fund, a strategic partnership between Axis Asset Management Co and global real estate developer, owner, and operator Tishman Speyer, has acquired a 1.5-acre land parcel at Fintech City in Chennai’s Nandambakkam. The fund has acquired the land parcel through a bid cum e-auction process conducted by the Tamil Nadu Industrial Development Corporation (TIDCO). The Tamil Nadu government, through TIDCO, has envisioned Fintech City as a world-class infrastructure hub for the financial technology industry in Chennai. “Chennai investment is the epitome of the fund strategy; wherein a clear titled land parcel supported by single window clearance for approvals at city centric location has been acquired in a transparent manner by the fund. The fund is completely aligned and will seek to benefit from TIDCO’s vision and strategy of the Fintech City,” said Chetan Shah, Head – Real Estate, Axis AMC.

Infinyte.Club, a wealth creation and management platform for tech and startup employees, has raised $3.6 million in a funding round led by Elevation Capital. The round also saw participation from angel investors such as Cred founder Kunal Shah, Meesho cofounder Vidit Aatrey, Unacademy cofounder Gaurav Munjal, Razorpay cofounder Harshil Mathur and others. The funds will be used to enhance the technology and grow the team.

gold mutual funds, as well as equity Funds of Funds (FoFs). These changes include a reduced holding period and a revised long-term capital gains (LTCG) tax rate, while the short-term capital gains (STCG) tax rate remains unchanged. This shift has made these investment options more attractive for investors seeking diversification and tax efficiency. Key Taxation Reforms Reduced Holding Period: The holding period for equity FoFs, international funds, and gold mutual funds has been shortened from more than 36 months to more than 24 months to qualify for LTCG benefits. Revised LTCG Tax Rate: The LTCG tax rate for these funds has been reduced to 12.5% for investments held for more than 24 months. Previously, investments held for over 36 months were taxed at 20%. The STCG tax rate remains tied to the investor's income tax slab.

Kai Group, a Japan-based personal care product and kitchen equipment maker, said it will invest 300 million yen (around Rs 17.17 crore) to expand production capacity of its manufacturing facility at Neemrana in Rajasthan. This latest investment is to increase the production capacity of women's razors by over 5 million units per year, according to a statement issued by the group's local subsidiary Kai India. «The group is planning an additional investment, allocated around 300 million yen, reflecting KAI group's commitment to bolstering its manufacturing infrastructure,» it said. The expected timeline for the completion of this expansion is five months, and the company expects the enhanced production capacity will be operational by the end of December 2024.

Germany's proposed Low Emission Steel Standard (LESS) is expected to pose new challenges to Indian industry which is already reeling with lower exports, higher imports and Europe's carbon tax, think tank GTRI said on Friday. India's steel exports have dropped by 31.2 per cent from USD 31.7 billion in 2021-22 to USD 21.8 billion in 2023-24, while imports have increased by 37 per cent, from USD 17.3 billion to USD 23.7 billion, making India a net importer, it said. The Global Trade Research Initiative (GTRI) said that the Indian steel industry is not legally bound to follow the new German steel standard, but ignoring it could hurt domestic exports.

Lamborghini has termed the Urus SE as a 'greater scuplture definition' of the previous model. «The front and the rear bumpers present a more emphatic design, align with new wheel arches and a carbon fiber painted hood,» the company said, describing Urus SE on its website.

Inner Mastery, Outer Impact: How Your Five Core Energies Hold The Key To Success. Wadhwa was recently in India to finalise a partnership with Mumbai-based Shilputsi Consultants to bring his work into the country. He spoke to Mint about his research and approach. Edited excerpts: There are five ways in which I have sought to advance the discipline of leadership to challenge the current models, to respond to the challenges that today’s leaders face. Traditional models have had a western, behavioural and outer kind of focus.

Donald Trump said on Thursday that U.S. presidents should have a say over decisions made by the Federal Reserve, the most explicit indication so far of his interest in infringing on the central bank's independence should he regain the White House. «I feel the president should have at least (a) say in there,» the former president told reporters at his Mar-a-Lago residence in Florida. «I think that in my case, I made a lot of money, I was very successful, and I think I have a better instinct than in many cases, people that would be on the Federal Reserve or the chairman.» Trump allies have drafted proposals that would attempt to erode the Fed's independence if he wins, the Wall Street Journal reported in April. The Trump campaign distanced itself from the report at the time.

Stockdale Paradox'. This paradigm introduced by Jim Collins in his book 'Good to Great', is named after Admiral James Stockdale, a highly decorated US military officer who survived over seven years as a prisoner of war during the Vietnam War. Stockdale's unique approach to enduring brutal captivity, combined unwavering faith that he would eventually be freed with a stark acceptance of his harsh reality. This duality forms the essence of the paradox: one must retain faith in eventual success while confronting the brutal facts of one's current situation. Various spiritual traditions emphasise the importance of faith, whether in a higher power, the universe's inherent goodness or life's ultimate purpose. The paradox aligns with these traditions by encouraging unwavering faith that transcends immediate suffering. This faith provides spiritual resilience, much like how Stockdale's belief in his eventual release sustained him.