Align Financial News
14.03 / 07:23
markets
Citi
Booking
Strategy
Align
country
exclusive
acquires
Godrej Properties acquires three acres in Hyderabad, second deal in two months
Godrej Properties, the real estate development arm of Godrej Group, has acquired over 3-acres land parcel in Hyderabad’s Kokapet locality. This is the second land parcel acquired by the company in Hyderabad, taking its overall development revenue potential to Rs 4,800 crore in the city. The land has a total development potential of 1.2 million sq ft of saleable area and the company is planning to develop a premium residential project here with an estimated booking value of Rs 1,300 crore. This acquisition is in line with Godrej Properties’ strategy of developing high-quality residential projects across India's leading real estate markets.
14.03 / 06:19
UPS
Citi
Align
exclusive
reports
Updates
Honda Amaze, Elevate and City to get a price hike from April 2024: Report
₹7.16 lakh, while the Elevate starts at ₹11.58 lakh. The Honda City carries a base price of ₹11.71 lakh, while the City e:HEV hybrid variant is priced from ₹18.89 lakh, all prices being ex-showroom. While an official announcement regarding the extent of the price hike is pending, the report from the publication indicates that details will be disclosed next month.
14.03 / 04:01
UPS
Align
Cycling
performer
reports
Department
Paytm job cuts: One 97 Communications to layoff staff across departments, cut team sizes by 20%
One 97 Communications is set to reduce its workforce across departments as part of its annual performance review, Moneycontrol reported citing sources. The move comes as the fintech unicorn's payment banks face scrutiny from the Reserve Bank of India (RBI) for lapses in due diligence. While the exact number of affected employees remains undisclosed, sources told the publication that over the last two weeks, some departments have been asked to reduce team sizes by up to 20 percent.
14.03 / 01:51
Citi
FIVE
CEO
Align
wellness
guidelines
Updates
CFP Board overhauls its sanctions and certification rules
The CFP Board is adopting a raft of revised guidelines and standards aimed at bolstering ethical conduct and accountability among financial planning professionals.
13.03 / 20:15
UPS
Strategy
Align
community
Inside
Lok Sabha Polls 2024: BJP's two ploys for two states
BJP seems to have opted for two different strategies to deal with Jats, one of the politically powerful communities and a tricky vote segment in north India for political parties. While BJP would try to consolidate Jat votes in Uttar Pradesh, it expects to reap the benefit from the community's vote division in Haryana. In recent weeks, Jat politics has seen Jayant Chaudhary-led RLD dumping its alliance with SP and aligning with BJP in Uttar Pradesh. However, BJP did not hesitate to easily break its alliance with JJP, a party like RLD in Haryana. While BJP shared two seats with RLD, including Baghpat which it won last time, it was not willing to accommodate an ally of over last four years, JJP, in the neighbouring state by giving it two Lok Sabha seats which it was seeking. BJP insiders attribute the different approach to the different political dynamics in the states. In Western UP, Muslims are expected to vote against BJP and by poaching RLD from SP-Congress alliance, BJP hopes to insure itself from the threat of losing the belt. However, in Haryana, some internal surveys conducted by BJP show that a section of Jat voters, in the aftermath of farmers' and wrestlers' protests, would move back to Congress, whose tallest leader in the state is BS Hooda, who hails from the community.
13.03 / 16:57
13.03 / 15:27
markets
MET
economy
Align
Experts
ET Explainer: The RBI's liquidity stance and its effect
Reserve Bank of India's liquidity stance has not convinced several experts, including even a member of the Monetary Policy Committee. What is it that the RBI is doing with liquidity, and why is it affecting the market. ET explains: What is the RBI’s approach towards liquidity management? The central bank follows a “corridor” liquidity management system – with a ceiling and a floor rate – where the repo rate--the rate at which the RBI injects liquidity--is the policy rate which acts as the ceiling for the corridor, while the reverse repo rate works as the floor of the corridor. The ideal situation is one where call rates move within this corridor which the central bank ensures through its liquidity adjustment facility (LAF). The operating framework of monetary policy aims at aligning the weighted average call rate (WACR) with the policy repo rate through proactive liquidity management to facilitate transmission of repo rate changes through the entire financial system. How does this work? Banks try to borrow their shortfall of reserves from the inter-bank market. If reserve requirements like cash reserve ratio and statutory liquidity ratio cannot be met in the inter-bank market, then banks borrow funds from the RBI under LAF. If banks are net borrowers under LAF, the system liquidity can be said to be in deficit. Conversely, if banks deposit more than the reserve requirement, then it becomes a net lender to RBI, and the system liquidity can be said to be in surplus.
13.03 / 13:03
Action
Align
WhatsApp
Courts
Kerala Cabinet decides to pursue necessary legal measures against CAA
protests in Kerala against implementation of the Citizenship Amendment Act, the state cabinet, chaired by Chief Minister Pinarayi Vijayan, on Wednesday decided to pursue legal measures aligned with the state government's stance against the contentious law. According to an official statement issued by the Chief Minister's Office (CMO), the Advocate General has been tasked with initiating legal proceedings in the matter, further to the original suit that is before the Supreme court. «The state government has already filed an original suit before the Supreme Court under Article 131 of the Constitution. As the central government has proceeded with the notification of rules under the CAA, the state is preparing for additional legal action through the Supreme Court,» it said.
13.03 / 12:25
CEO
Strategy
Align
track
innovations
Schools
Hero Vired appoints Arjun Assi as head of product
Hero Vired, an educational tech startup of the Hero Group, has announced the appointment of Arjun Assi as head of product. Prior to this, Assi was assistant vice-president, product, at Scaler Academy, another edtech firm.
13.03 / 11:41
markets
Provident
Strategy
Analysis
Align
10 investing principles of Kirk Kerkorian that elevated him to the status of a billionaire
market opportunities is undoubtedly worthy of study. Below are key lessons gleaned from his investment strategies: Kerkorian’s methodology also comprised certain aspects that may not align with everyone’s investment strategies: Kirk Kerkorian’s investment approach provides valuable lessons.
13.03 / 09:51
UPS
economy
Align
Boeing
reports
Economists flag potential historic divergence between BoE and OBR growth forecasts
On Tuesday (12 March), economists gave evidence in the second of three TSC meetings taking a look at Chancellor Jeremy Hunt's Spring Budget last week, in which they noted the numbers on the UK's growth outlook were not aligned between the two institutions. Accompanying the Budget, the OBR report was upgraded from its previous forecast in the Autumn Statement, and suggested GDP growth would average 0.8% in 2024, up from the previously forecast 0.7%. The economy is then predicted to grow 1.9% in 2025, 2% in 2026, 1.8% in 2027 and 1.7% in 2028. By contrast, the BoE downgraded it latest f...
13.03 / 05:47
Pool
Align
Election
WhatsApp
inclusion
2020
Defence Minister Rajnath Singh approves expansion of National Cadet Corps by adding 3 lakh cadet vacancies
Rajnath Singh has approved a proposal for the expansion of the National Cadet Corps (NCC) with the addition of three lakh cadet vacancies. This decision comes in response to the growing demand for NCC enrolment from educational institutions across India. Since its inception in 1948 with just 20,000 cadets, the NCC will now have a sanctioned strength of 20 lakh cadets, solidifying its position as the world's largest uniformed youth organization. The inclusion of NCC as an elective subject under the National Education Policy 2020 aligns with the government's efforts to empower youth to become future leaders of the nation. The expansion plan aims to evenly distribute vacancies across all States and Union Territories, reducing the waiting list of institutions seeking NCC affiliation. It involves the establishment of four new Group Headquarters and the addition of two new NCC units.
12.03 / 21:27
Fox
Align
Election
community
cryptocurrency industry
Interviews
Crypto’s Rising Influence in 2024 U.S. Elections: A Game Changer, Says Analyst
On March 11, FOX Business analyst Eleanor Terrett noted that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near. She noted the increasing influence of crypto advocacy groups like Coinbase’s “Stand With Crypto Alliance” which boasts over 310,000 members.
12.03 / 21:03
Booking
Align
Netflix
show
voice
reports
Videos
Horizon 2074: Here’s what we know so far about Netflix series’ release date, plot, cast and crew
Netflix series is an adaptation of Guerilla Games’ Horizon Zero Dawn franchise, as per a Dexerto report. Fans are eagerly anticipating this live-action series, which promises to delve deeper into the rich world of Horizon Zero Dawn.
12.03 / 18:53
Align
President
War
show
stage
country
recommendations
European Union members should open talks with Bosnia on joining, the EU's executive branch says
The European Union’s executive arm says it will recommend that member countries open accession negotiations with Bosnia-Herzegovina
12.03 / 14:31
UPS
Platform
Align
Highways
innovations
Schools
Courts
Rapido’s two-wheeler contract carriage permit request rejected by Karnataka transport minister
Rapido on Tuesday urged the Karnataka government to issue contract carriage permits to two-wheelers and bike taxis, just days after the Congress regime rolled back its 2021 electric bike taxi policy citing its misuse. The Bengaluru-based bike taxi and auto aggregator urged the government to adopt a comprehensive approach in line with the provisions of the Motor Vehicle Act and the recent advisory from the Road Transport and Highways ministry on granting contract carriage permit to two wheelers.
12.03 / 14:09
Provident
Platform
security
Align
Diversity
Personal loans: From credit cards to salary advance, a list of 7 alternatives
Understanding the purpose behind the loan can assist in narrowing down appropriate alternatives. The loan amount will determine the viability of various options. A favourable credit score can open doors to alternatives with more favourable terms. Certain choices provide flexibility, whereas others adhere to predetermined terms.
12.03 / 11:39
12.03 / 11:14
12.03 / 10:49
security
Align
Dreams
poverty
country
gatherings
Sabarmati Ashram Restoration: PM Modi unveils ₹1,200 crore Gandhi Ashram Memorial Plan in Gujarat
₹1,200 crore Gandhi Ashram Memorial masterplan at Sabarmati in Ahmedabad, Gujarat. During the event, he also opened the redeveloped Kochrab Ashram. Addressing the gathering, PM Modi highlighted the significance of cherishing the country's heritage.
12.03 / 07:27
COST
Provident
Progressive
security
Align
strain
Features
Taking a personal loan for your wedding? Here are the essential things you must keep in mind
A personal loan can be utilised to fund your wedding expenditures, with numerous banks in India providing dedicated personal loans designed for weddings. These loans are promoted as a means to support your ideal wedding without the burden of financial strain. Typically, they come with the following features:
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