Align Financial News

₹1,550. "We largely retain our estimates and reiterate our BUY rating with a revised TP of ₹1,550 (based on 17x FY26E EV/EBITDA)," said the firm in a note. Adani Ports & SEZ (APSEZ) reported a revenue growth of 19 per cent year-on-year (YoY) to ₹68.9 billion in 4QFY24.

By Julie Cazzin and Allan Norman

Maharashtra Deputy Chief Minister Ajit Pawar has said he should have parted ways with his uncle Sharad Pawar in 2004 itself when the Nationalist Congress Party (NCP) gave up its claim on the chief minister's post while forming a government in the state in alliance with Congress. Speaking at a campaign rally at Indapur in Pune district for his wife Sunetra Pawar who is pitted against sitting MP and his cousin Supriya Sule of NCP (Sharad Pawar) in the Baramati Lok Sabha constituency, Pawar said when his uncle made any unexpected political moves, it was called strategy, while his own political decisions are described as betrayal.

Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources has received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s board of directors

RFG has just expanded its reach in the East Coast as it supports the launch of a new wealth practice in North Carolina.

Bank loans to commercial real estate whivh aldo includrs residential construvtion, last fiscal year nearly tripled at 23 percent, excluding the impact of the merger of HDFC with HDFC Bank. Outstanding loans amounted to Rs 3.97 lakh crore. If one includes the merger impact, the loan growth works out 38.9 percent and the outstanding loans as of March 31 works out to Rs 4.48 lakh crore. The real estate sector is growing across segments said property analysts. Top seven property markets in the country registered total sales of 74,486 apartments during the quarter. This marks the second consecutive quarter of sales exceeding 74,000 units after December quarter’s record-breaking 75,591 apartments, showed data from JLL India.

Tata Communications has raised $250-million loan from ANZ, DBS and Export Development Canada for five years under the sustainability-linked loan (SLL) framework, chief financial officer Kabir Ahmed Shakir said. The company will look at the framework for long term debt financing and refinancing of existing debt, he said. "Our endeavour is to finance our future borrowings (including refinancing of existing debt as it matures) under the SLL released.

Assess your financial condition: The initial and pivotal step towards attaining financial freedom is analysing your financial status. Begin by monitoring your income sources, such as your salary, any additional earnings from side jobs, or passive income. Next, categorise your expenses by listing both fixed and variable ones, such as rent, utilities, groceries, and entertainment costs.

Credit cards have become part and parcel of our daily financial habits. We use credit cards every day for making transactions as it is not only easy but convenient to track our expenses. However, it becomes important for us to opt for cards that are valuable for us and more importantly those which are helping us save money.

Shantanu Deshpande shared his insights on the renting vs buying debate regarding houses. Deshpande's personal decision came up during a conversation with Hyderabad-based real estate entrepreneur Ajitesh Korupulu. The latter was a guest on Deshpande's YouTube channel for a podcast on investing money in real estate.

Norway Martine Aamdal Bottheim signed the documents for the 4th phase of Norway India Partnership Initiative (NIPI) extending cooperation in various health schemes. Under the initiative which commenced in 2006 various Indian states including Odisha, Bihar, Rajasthan, Madhya Pradesh and the UT of Jammu and Kashmir have received support to augment facilities in terms of maternal and child health care. A health initiative between Government of India and Government of Norway, the Norway India Partnership Initiative (NIPI) Phase 3 builds on experiences from NIPI 1 & 2 and focuses on areas of Maternal, Newborn and Child Health.

restructuring of the group, announced late Tuesday, will result in two entities: Godrej Enterprises Group and Godrej Industries Group. While Godrej & Boyce Mfg. Co.

As popular as private market investments are, particularly in the institutional space, nobody should expect them to become a staple fixture in people’s retirement plans anytime soon, according to new research from Cerulli.

Sanctuary Wealth is supercharging its appeal to independent advisors as it finalizes a transformative acquisition in Oregon.

Avantax, the tax-focused wealth business within Cetera’s larger organization, has significantly boosted its profile through a major acquisition.

stainless steel manufacturing company Jindal Stainless on Wednesday announced a 'three-pronged' investment strategy worth nearly Rs 5,400 crore for its melting and downstream capacities. Jindal Stainless has entered into a joint venture in Indonesia for developing, operating a stainless steel melt shop that has an annual production capacity of 1.2 MTPA. “For the Indonesian SMS, the partner entity is of international repute with extensive experience in running such projects. The downstream expansion in Jajpur and acquisition of CSPL are aligned with the Indonesian SMS capacity,” Jindal Stainless said in a stock exchange filing.

Retirement planning is vital for securing your financial future. It ensures that you can maintain your lifestyle and meet expenses during your golden years. As the years go by, retirement becomes an increasingly pressing reality for every working individual. The prospect of retirement brings forth a multitude of uncertainties, but with proper planning, one can ensure a financially secure and comfortable future. In today’s dynamic financial landscape, two essential tools stand out for retirement planning: Mutual Funds (MF) and Insurance. Mutual Funds, with their diverse investment options, offer a robust platform for building a retirement corpus. Through systematic investment plans (SIPs), individuals can invest small amounts regularly, benefitting from the power of compounding over time. Equity Mutual Funds, known for their potential for high returns over the long term, can be a cornerstone of retirement planning, albeit with a higher risk. For those seeking stability, Debt Mutual Funds provide a safer avenue with moderate returns. Furthermore, retirement-oriented Mutual Fund schemes like Retirement Funds or Pension Funds are specifically designed to align with long-term retirement goals. These funds often dynamically adjust asset allocation over time, gradually shifting from high-risk to low-risk investments as retirement approaches, ensuring capital preservation.

Blu-ray release date for A24's Civil War has been announced, giving fans a better idea of when the dystopian film will begin streaming. Plot

NEW DELHI : The storied Godrej group that took birth as a lock-maker 127 years ago is finally dividing its assets, as its descendants choose to split the businesses to align with their differing visions for the future. The third-generation siblings, Adi and Nadir, children of Burjor, late on Tuesday reached an agreement to separate from their cousins Jamshyd and Smita, children of Naval, a family statement said. Godrej & Boyce Mfg.

Selecting the appropriate home loan lender is a vital step in the home-buying process. It can influence not just the interest rate you receive, but also the overall cost, simplicity, and transparency of the transaction. However, it’s important not to rush into making this decision. Instead, take the time to secure quotes from a few lenders to compare interest rates, fees, and terms.

In the fast-paced world of high net-worth individuals (HNIs), investment choices extend beyond financial returns. They seek a blend of profitability, purpose and prestige. Understanding these sophisticated investors reveals the highly diverse nature of an HNI’s investment portfolio.