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Mumbai, 16 March 2024: Tata AIA Life Insurance Company Limited (Tata AIA), one of India’s leading life insurers, is proud to announce its recognition as a Kincentric Best Employer 2023. Kincentric Is a globally renowned platformthat showcases organizations which are industry leaders in employee engagement and development. Tata AIA's recognition as the Kincentric Best Employer for the 8th consecutive year is a result of its effective people management in an increasingly complex business environment.

By Vighnesh Shahane

Sectoral funds have become popular due to their potential for delivering higher returns, especially during bull markets. But investors must keep in mind that these funds are not for short-term bets and they should invest in them through systematic investment plans (SIP) with a five- to seven-year horizon.

KPI Green upper circuit: KPI Green Energy share price hit its 5 per cent upper circuit of ₹1,526 in early trade on BSE on Monday, March 18, following the company's announcement that it has bagged a 100MW solar power project from the Maharashtra State Power Generation Co. Ltd. KPI Green Energy share price opened at ₹1500 against the previous close of ₹1453.35 and soon jumped 5 per cent to hit its upper circuit level of ₹1,526.

In a roll-down approach, a fund maintains a portfolio of bonds that all mature at the same future date. As the maturity date draws nearer, the tenure for which the fund holds bonds reduces (rolls down). Any fresh bond purchases are also aligned with the remaining maturity of the portfolio. This practice makes returns from a bond portfolio relatively predictable in a volatile interest rate scenario. It was a particularly sought-after tactic in categories like corporate bond funds and banking & PSU bond funds. Unlike the typical open-ended funds, where the fund manager actively shifts the duration profile of the portfolio as per the given mandate, the passive investing approach of the rolldown strategy provides a degree of predictability in returns amidst interest rate fluctuations.

Rahul Gandhi on Sunday said he was compelled to launch his Bharat Jodo yatras to highlight rising unemployment, inflation and hatred in society. Addressing the opposition INDIA bloc rally at Mumbai's Shivaji Park after the conclusion of his Bharat Jodo Nyay Yatra, Gandhi said Prime Minister Narendra Modi won't be able to win the Lok Sabha elections without "EVMs, ED, CBI and Income Tax". «Modi is a 'mask' who works for a 'shakti' (power). He is a shallow man who doesn't have a 56-inch chest,» Gandhi said. The former Congress president alleged that PM Modi had a «monopoly over corruption».

Stamp Duty Amnesty Scheme 2023 for the third time and the move is expected to provide further support to redevelopment projects. The scheme that allows property buyers, who have either not paid or paid insufficient stamp duty on their purchase agreements, to regularize the sale by paying duty with a nominal penalty, has now been extended until June 30. The extension of the scheme is expected to inject renewed vigor into the real estate market, especially redevelopment projects that usually get stuck or delayed if an existing resident’s property falls in this category and is awaiting regularization.

Lok Sabha elections 2024: The Indian stock markets are expected to remain closed on May 20, 2024, the scheduled date for Lok Sabha elections in the financial capital Mumbai and several other constituencies across the country, as per a report by Moneycontrol. Although there has been no official confirmation from the stock exchanges yet, a trading holiday on the polling day is widely anticipated, following the precedent set in the previous general elections of 2014 and 2019.

Tampa, Florida-based hybrid Concurrent is maintaining a strong growth pace and has onboarded three new advisors to its platform.

A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for a set of nowcasts compiled by CapitalSpectator.com.

Piyush Goyal on Friday exuded confidence that the country will emerge as a 'Vishwa Shakti' (global power) in electric vehicles with the introduction of the newly unveiled policy. Tatas, Mahindras or «anybody from the world» can now come to India and create an ecosystem aligned to the EV sector, Goyal told reporters here. The EV policy, which promises duty concessions for EV makers investing a minimum of USD 500 million, is reportedly aimed at attracting leading EV makers to set up a base in the country. «We are now inviting companies from the world over to come to India, the production of EVs should expand in India at a quick pace and we should emerge as a Vishwa Shakti (global power),» Goyal said, speaking on the decision announced a few hours earlier from the national capital.

Varun Beverages for the setting up of industrial unit at Mendipathar, North Garo Hills. In a function held at Mendipathar, Sangma handed over the land allotment documents to Varun Beverages for the setting up of industrial unit at Mendipathar, North Garo Hills. Sangma, thanking the Chairman of Varun Beverages, Ravi Jaipuria, for his decision to set up the industrial unit in Mendipathar said that this decision has set the pace for private investments in the State and the industrial unit in Mendipathar will transform the lives of the people of the area. He also expressed his gratitude to Meghalaya Industrial Development Corporation (MIDC) for have completed the processes of the land allotment in a record time.

IPL 2024: Royal Challengers Bangalore (RCB) is known for its loyal fan base, who are attached to the franchise for various reasons, including its name. However, the RCB posted a cryptic post on X (formerly Twitter) on Friday and hinted that they are considering renaming the franchise. RCB shared a video through their official X-handle feature actor Rishabh Shetty, who can be seen wooing away the name Bangalore.

Myst is an eco-luxurious paradise to complement your success in every way. Crafted to exceed your expectations, this is a prized possession offering surreal views of the majestic Himalayas and a luxurious lifestyle. Situated atop a private hill near Kasauli in Himachal Pradesh, this is a one-of-a-kind residence that guarantees to fill its owners with pride. There’s currently a paradigm shift in the realty market as second or vacation homes are fast emerging as a necessary luxury. Gated communities with ready-to-move-in properties are anticipated to play a pivotal role in home purchases in 2024, aligning with the evolving preferences of luxury homebuyers. The perks of convenience, security and community-oriented living offered by developers resonate well with the discerning buyer. Going by the numbers, the supply of larger luxury homes increased significantly in 2023.

The dearness allowance (DA) for central government employees has recently been increased by 4 per cent to 50 per cent. At the same time, the Union Cabinet also cleared additional dearness relief (DR) of 4 per cent from 46 per cent earlier. 

Industrial Training Institutes (ITIs) across India will soon include ‘AI for All’ as part of their curriculum to build awareness on artificial intelligence. This initiative is spearheaded by the Future Right Skills Network (FRSN) in collaboration with the Directorate General of Training (DGT) to enhance the employability prospects of students. The ‘AI for All’ curriculum aims to bridge the gap between industry requirements and academic offerings. «This step is crucial in aligning academic programmes with the evolving needs of industries. The AI curriculum by FRSN is part of the larger initiative of DGT, to integrate AI learning at ITIs,» a press release said. Formed in 2019, FRSN is a collaborative effort of Quest Alliance, Accenture, Cisco, JP Morgan and SAP Labs India.

Telugu Desam Party (TDP) has unveiled its second list of candidates for the impending assembly elections in Andhra Pradesh. This announcement comes shortly after the release of its initial list of candidates. In a tweet on Sunday, N Chandrababu Naidu stated, «The first list of candidates contesting on behalf of the Telugu Desam Party in the upcoming 2024 elections has already been placed before the public. Now we have brought you the second list, with 34 more candidates.» He emphasized the importance of public opinion in the candidate selection process, urging the people of the state to support and ensure the victory of all TDP candidates. The TDP, Bharatiya Janata Party (BJP), and Jana Sena Party (JSP) have recently reached a seat-sharing agreement in Andhra Pradesh for the impending elections. According to this pact, the BJP will contest from six parliamentary seats, while the TDP and JSP will vie for 17 and two seats, respectively. In the assembly elections, the BJP will compete for 10 seats, the TDP for 144 seats, and the JSP for 21 seats.

Lok Sabha elections. Among the notable names are Kuldeep Singh Dhaliwal from Amritsar, Laljit Singh Bhullar from Khadoor Sahib, Gurmeet Singh Khudian from Bathinda, Gurmeet Singh Meet Hayer from Sangrur, and Balbir Singh from Patiala. Sushil Rinku, the incumbent Jalandhar MP, will contest again. Gurpreet Singh GP, a former Congress MLA from Bassi Pathana, is the party's pick for Fatehgarh Sahib. Punjabi actor Karamjeet Anmol will represent the party in Faridkot Earlier today, the Telugu Desam Party (TDP) also unveiled its second roster of 34 contenders for the imminent Andhra Pradesh assembly polls, shortly after disclosing the initial lineup. In a tweet, N Chandrababu Naidu conveyed, «The first list of candidates contesting on behalf of the Telugu Desam Party in the upcoming 2024 elections has already been placed before the public. Now we have brought you the second list, with 34 more candidates.» Ahead of the assembly and Lok Sabha elections, TDP, Bharatiya Janata Party (BJP), and Jana Sena Party (JSP) formalized a seat-sharing agreement in Andhra Pradesh. As per the arrangement, BJP will vie for six parliamentary seats, TDP for 17, and JSP for two. In the assembly race, BJP will contend in 10 constituencies, TDP in 144, and JSP in 21, as declared.

KRAFTON has announced a memorandum of understanding (MoU) with the government of Gujarat and TransStadia Technologies. The collaboration is set to stimulate the technology, gaming, and esports ecosystem in Gujarat, furthering KRAFTON’s efforts to cultivate India’s overall gaming and technology environment.

A report from FundsIndia — Wealth Conversations February 2024 — has an interesting insight: if you had invested in a basket of NIFTY 50 stocks on any day since June 30, 1999, and remained invested for a minimum of 7 years, it would have delivered more than 10% returns 83% of the time, as reflected by the NIFTY 50 TRI.