Align Financial News

Justin Trudeau has said that he sees a new opening to engage with India on «some „very serious“ issues on national security after the return of Prime Minister Narendra Modi to office for a third consecutive term. In an interview to CBC News on Monday on the eve of the anniversary of the killing of Khalistani terrorist Hardeep Singh Nijjar, Trudeau said, „Now that he's through his election, I think there is an opportunity for us to engage, including on some very serious issues around national security and keeping Canadians safe and the rule of law.“ Trudeau's remarks follow his meeting with Prime Minister Modi in Italy during the G7 Summit where India was invited as an Outreach country. PM Modi had tweeted a photograph of himself with the Canadian PM as they shook hands.

CleanSpark Inc., a prominent player in the Bitcoin mining industry, took a major step in its expansion strategy by acquiring five new turnkey Bitcoin mining facilities in rural Georgia. The $25.8 million cash deal will enhance CleanSpark’s infrastructure, adding 60 megawatts (MW) of capacity and increasing the company’s operating hashrate.

Allworth Financial has bolstered its Southwestern US footprint further with the addition of a California-based financial planning firm.

RBC Wealth Management has added nearly a billion dollars to its advisory network in Virginia by welcoming a multigenerational trio from Truist into its network.

₹11.82 lakh (ex-showroom), reported HT Auto. This special edition, limited to just 100 units, features unique Dhoni-themed decals, custom accessories, and design enhancements.As per the publication, exclusive elements include illuminated sill plates, a front dashcam, and specially designed seat and belt covers.

New York City warehouse workers who are part of the Amazon Labor Union have overwhelmingly voted to align themselves with the Teamsters as they try to get a contract from the online retailer

Income Tax Act, typically by employers, necessitates issuance of a certificate (most commonly Form 16). This certificate provides the following details to the individual from whom tax was deducted:For individuals new to filingIncome Tax Returns (ITRs), Form 16 serves several crucial purposes:Verification: It allowstaxpayers to verify if the deducted TDS aligns with the tax department’s records.Tax filing: Form 16 is essential for ITR filing as it pre-fills income and TDS details.Record-keeping: It acts as a comprehensive record ofTax Deducted at Source (TDS) deductions across the financial year.Section 203 mandates the issuance of this certificate, ensuring transparency and accountability in the TDS for both taxpayers and the government.Typically, the information in Form 16 should align with the prefilled ITR form since the income tax department uses data from Form 16 and similar documents for pre-population.

Long-term capital gains (LTCG): Profits from the sale of equity shares held for more than 12 months are classified as LTCG. But the same for land or real estate transactions are considered LTCG if the holding period is 24 months. LTCG, from the sale of equity exceeding ₹1 lakh in a fiscal year, is taxed at 10% without indexation benefit.

Poonawalla Fincorp Limited has announced the grant of stock options under the Employee Stock Option Plan-2024 Scheme-II (ESOP-2024 Scheme-II). According to an exchange filing, the Nomination and Remuneration Committee of the Board of Directors made the decision on June 17, 2024.As per the announcement, a total of 2,000,000 and 230,000 stock options were granted under Tranche-04 and Tranche-05 of ESOP-2024 Scheme-II to eligible employees.

Paytm shares surged 4% to Rs 442 in Tuesday's trade on BSE following reports that the company is in talks with Zomato to sell its movie ticketing business. Zomato shares also rose 1.5% in early trade. In an exchange filing, Zomato acknowledged, «We are in discussions with Paytm for the aforementioned transaction, but no binding decision has been taken at this stage that would warrant a board approval and subsequent disclosure in accordance with applicable law.»

AlphaCore Wealth Advisory, a La Jolla, California-based independent wealth firm, is looking to go national by tapping an LPL alum to a key C-suite role.

Blass, who shared details on social media platform X, official promotional material for the event was leaked. Although the original post was taken down due to copyright issues, a report by Tech Radar highlighted that the leaked image revealed the event's confirmed date and time.

AIADMK leader D Jayakumar on Monday said VK Sasikala, confidante of late party matriarch J Jayalalithaa has already been 'given exit' and ruled out the scope for her re-entry. Jayakumar, a former state minister, dismissed her accusation of caste politics against the party as 'cheap propaganda' and said it will not have any impact. Speaking to reporters, Jayakumar, when asked about Sasikala's assertion, recalled her taking a stand in 2021 of 'staying away from politics.' Also, he recalled her expulsion, along with her relatives from the party in 2011 when Jayalalithaa was the party chief. About a decade ago, only Sasikala (not her relatives) was readmitted into the party by Jayalalithaa after she tendered a letter of regret. «What did she say in 2021? she said she will stay away from politics.»

China has kept a key lending rate unchanged despite signs of continued weakness in the second-largest economy's manufacturing and the property sectors

The year 2024 is notable for the large number of elections being held—in well over 60 countries, representing nearly half of the world’s population. Of course, there are myriad systems and we are only halfway through the year, but as a generalization, it is turning out to be a year of strong majorities for presidential forms of government and coalitions for parliamentary democracies. Indonesia and Mexico returned strong majorities for their presidential winners, with Mexico electing its first ever woman to its top office.

The Reserve Bank of India (RBI) issued a circular on 7 June, relaxing overseas investment regulations and clarifying ambiguities for wealthy Indians, business families, and startups seeking to invest in foreign securities, funds, and companies. 

Essar's Ruia family seems to be an exception. Three generations of the Ruia family — founder brother Shashi and Ravi Ruia, their children and grandchildren — continue to live under one roof and jointly run the business empire. They share the family homes in Mumbai, Delhi and London as well as business that now spans energy, metals and mining, infrastructure and logistics and technology and retail.

Modi will on Tuesday release the 17th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, amounting to over Rs 20,000 crores, will be distributed to approximately 9.26 crore beneficiary farmers through Direct Benefit Transfer in Uttar Pradesh. Since its inception, the PM-KISAN scheme has disbursed over Rs 3.04 lakh crore to more than 11 crore eligible farmer families, underscoring its substantial impact and wide-reaching benefits. According to a press release, PM Modi is poised to launch several significant initiatives during his upcoming visit to Uttar Pradesh and Bihar on June 18- 19.

dairy brand, on Monday announced the appointment of Sunil Potturi as the new Chief Technology Officer (CTO). With over twenty years of experience in consulting, product development, strategy, and operations management, Sunil brings a wealth of expertise to the team. His strong business management and technology background is set to drive Sid's Farm towards its goal of continuous innovation and growth. Throughout his career, Sunil has demonstrated the ability to lead digital transformations and successful product launches across multiple companies. His skills in product management, client relationship management, programme and portfolio management, and building high-performance global teams will help in the expansion of the technological capabilities of Sid's Farm. Kishore Indukuri, Founder of Sid's Farm said «Sunil's strategic vision and passion for technology perfectly align with our mission to deliver high-quality products and services. Sunil's extensive experience will be instrumental in driving our future growth and innovation.»

Income tax return (ITR) filing deadline is approaching, with 31st July as the last date. Already in June 3rd week, most salaried taxpayers may have received Form 16 from their employers and those who have not received can expect it before the end of this month.

Zomato has confirmed discussions with Paytm regarding the acquisition of Paytm's movies and events business."We have noticed that there are certain news articles circulating in the mainstream media with the subject 'Zomato in talks to acquire Paytm’s movies, ticketing business'. This voluntary disclosure is being made to clarify our stance on the matter given that any transaction that is considered potentially meaningful may create uncertainty in the market.