Align Financial News

Fixderma, a dermaceutical brand, has announced its partnership with Delhi Capitals as associate sponsor for the upcoming season of the Indian Premier League (IPL), commencing March 22, 2024.

districts affected by Left Wing Extremism (LWE) across 10 states after their number came down by almost half in the past nine years, officials said on Thursday. Sharing the list with the director generals of police concerned, the officials said a total of 38 districts across these 10 states are categorised as LWE-affected with effect from April 1, 2024 compared to 75 in 2015. The categorisation of the LWE-affected districts in Andhra Pradesh, Bihar, Chhattisgarh, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Odisha, Telangana and West Bengal provide the basis for deployment of resources under the National Policy and Action Plan, approved in 2015, to combat LWE holistically. The Centre and the state governments have been working closely to tackle this problem. A number of interventions are being made, both security and development related, as a result of which there has been a marked improvement in the LWE scenario, the officials said.

Ramapo Wealth Advisors, operating under Steward Partners, welcomed Alejandro “Alex” Tirso as its newest partner and wealth advisor.

Bank of India cuts home loan rates: Bank of India (BOI),  a leading public sector bank, has lowered its new home loan rates to 8.3% from 8.45% and removed processing fees until the end of this month. They boast the lowest rate among competitors. SBI and HDFC Bank, leading the industry, offer rates starting at 8.4%. The offer is valid until March 31.

NEW DELHI : The Centre is considering a proposal from Nagaland to add foxtail millet to its state-level Price Stabilization Fund (PSF), in a move to bolster agricultural diversity and protect the indigenous crop. This initiative, a senior government official to Mint, aims to safeguard this staple yet endangered crop by ensuring its continued cultivation and economic viability. The PSF functions to build-up India's buffer stock of crucial food commodities, releasing them into the market strategically to control price spikes.

Canada’s British Columbia Provincial Nominee Program is set to undergo major changes, “to create clearer pathways for international workers to B.C.” The province is updating the BC Provincial Nominee Program (BC PNP) selection criteria to better reflect the level of education, experience and language skills that set people up for career success in British Columbia. The program updates align with new measures to protect international students from predatory institutions and recruiters, such as:

Existing investors such as the promoter family offices of TVS Capital, Ajanta Pharma, Pidilite, Dalmia and Dabur are likely to invest in this Category-III Alternative Investment Fund (AIF), said people in the know. The private investment in public equity (PIPE) fund has already received commitments worth ₹500 crore, they said.

startup entrepreneur dedicated to revolutionising the agricultural sector through the countrywide adoption of electric tractors, I believe that GoI’s new EV policy will herald a transformative era in this new-age industry. The policy’s provisions, including duty concessions for companies investing a minimum of $500 mn in EV manufacturing units and mechanisms to reduce customs duties on limited imports of EV products, are poised to spur innovation in the EV sector. At the core of our startup’s mission lies a commitment to sustainability, efficiency and empowerment. We envision a future where tractor owners across the country will have access to cutting-edge tech that boosts productivity while minimising environmental impact. The introduction of new EV designs aligns perfectly with our vision, fostering an environment conducive to growth and development in the burgeoning EV market. The stipulated minimum investment requirement underscores GoI’s dedication to attracting capital into the EV sector. This framework not only bolsters investor confidence but also charts a clear path for both new and established players. The surge in the number of EV manufacturers in India since 2021, which stood at 380, highlights the growing momentum in the sector.

Quiver Quantitative — Texas's recent move to divest $8.5 billion from BlackRock (NYSE:BLK) (BLK), citing the company's policies on fossil fuels, has sparked significant controversy and criticism from the asset manager. This decision, announced by Aaron Kinsey, the Republican chairman of the Texas State Board of Education, aligns with a 2021 Texas law aimed at restricting investments with firms boycotting the fossil fuel industry.

Tamil Nadu's main opposition party AIADMK on Wednesday finalised seat sharing arrangement for the Lok Sabha polls with allies DMDK, SDPI and Puthiya Tamizhagam. Announcing the electoral pacts here at the party headquarters, AIADMK general secretary Edappadi K Palaniswami said the DMDK would contest from Tiruvallur (SC), Central Chennai, Cuddalore, Thanjavur and Virudhunagar Lok Sabha constituencies. Puthiya Tamizhagam has (PT) been allocated Tenkasi constituency and SDPI the Dindigul segment, Palaniswami said. The poll pacts were signed with DMDK general secretary Premalatha Vijayakanth, PT chief K Krishansamy and SDPI's state unit chief Nellai Mubarak.

Gate Group Adds Italian VASP Registration to List of Global Expansion Achievements

NEW DELHI : India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. Addressing the audience at the Startup Mahakumbh on Wednesday, the prime minister highlighted unprecedented growth of India's startup culture.

Gautam Buddh Nagar district have swiftly removed 11,682 defacements, including wall writings, posters, and banners, within 72 hours, aligning with the model code of conduct for the upcoming Lok Sabha election. This action, according to official data, targeted 9,361 defacements on public properties and 2,321 on private spaces across the district. The Election Commission's guidelines mandate the removal of all such defacements on government properties within 24 hours of election announcements. Similarly, unauthorized political advertisements on public properties and spaces must be removed within 48 hours, and those on private properties within 72 hours, subject to local laws and court directives. Local authorities in Gautam Buddh Nagar have been diligent in enforcing these guidelines, removing defacements from both public and private properties. The data indicates that 6,329 defacements were removed within 24 hours of the model code of conduct being enforced, 10,611 within 48 hours, and the total of 11,682 within 72 hours.

Fintech Flourish is capturing a bigger share of Focus Financial Partners’ tech stack as it unveils a new partnership.

NaBFID) plans to raise up to $4.8 billion (around ₹40,000 crore) in local currency bonds, Bloomberg reported citing sources. The state-backed lender aims to more than double its loan disbursement, it added.

Insolation Energy Limited (INA Solar) has joined hands with the illustrious Lucknow Super Giants forming a Strategic Partnership to promote the use of Solar Energy for the upcoming T20 season 2024. INA Solar and Lucknow Super Giants T20 Partnership was inaugurated by the Deputy Chief Minister of Uttar Pradesh, Honorable Shri Brijesh Pathak.

Competing with over 40 foreign banks in India, Maybank Indonesia's Global Banking Director, Ricky Antariksa, said the Bank seeks to continue supporting business and trade relations between Indonesia and India. "Maybank Indonesia has been present in India for over ten years, and we are committed to further support and capture our business flows while continuing to serve trade clients through our branch in Mumbai.

If you had been following the S&P 500 closely this past week, it likely would have left you scratching your head if you were trying to align the news with the market action.

₹1,250 crore from International Finance Corporation (IFC), the private-sector arm of the World Bank Group, by issuing sustainability-linked non-convertible debentures (NCD). It said the funds would be used to support decarbonisation through its new paint-manufacturing business.

In line with the principles of Self-reliant India and Start Up India in the field of defence, the Indian Army has formed a specialized technology unit to conduct research and development of future communication technologies like Artificial Intelligence, 5G, 6G, Machine Learning, Quantum technologies for defence.

Investing.com — Hertz Global Holdings (OTC:HTZGQ) first-quarter results are likely to be more «challenging» than expected, underscore by the rental car company's recent leadership change as it pivots away from electric vehicles.