Align Financial News
09.02 / 20:35
UPS
Progressive
Align
Justice
show
social
Income taxes to fetch a big chunk of govt revenues
₹10.4 trillion, while personal income tax is projected to grow 13% to ₹11.6 trillion. Centre’s GST collection is expected to grow at 11.6% to ₹10.7 trillion in FY25. However, customs duty receipts are expected to grow at a much slower 5.7%, and excise duty receipts at just 4.9%.
09.02 / 18:32
Provident
Career
Platform
security
Align
information
rights
9 things women can do to grow their wealth
Women in India have always been active in making sure the family’s finances are put to the right use. They are the ones who have kept the importance of saving money intact despite facing all the financial constraints. However, today women are breaking barriers and making strides in various fields, financial independence remains a crucial aspect of their empowerment. While historical barriers may have limited financial opportunities, women are now embracing investment as a powerful tool for financial independence.
09.02 / 16:41
Provident
Digital
Align
Sustainability
inclusion
innovations
DBS Bank India Facilitates First RSPO-Certified Palm Oil Procurement for Louis Dreyfus Company India Pvt Ltd
By providing early payment options and improving financial stability for suppliers, DBS Bank’s SPS solution reduces the risk of disruptions, resulting in a more stable and resilient supply chain for clients. Furthermore, it promotes supplier inclusion, empowering the bank's clients to expand their supply chains and diversify their sourcing options.
09.02 / 14:48
UPS
Progressive
Align
Discover
love
Celebrity
From self-love to financially savvy: 6 ways to make the most of Valentine's Day as a single
As Cupid draws back his bow, it's time for singles to celebrate Valentine's Day in a unique way – by focusing on their financial well-being. This year, let love take a detour to self-improvement as singles embrace the opportunity to set financial goals and invest in themselves. Discover how singles can make the most of this special day while sprucing up their financial plannning.
09.02 / 13:25
COST
Provident
Digital
CEO
Align
Experts
information
RBI mandates lenders to furnish Key Fact Statement: What is KFS and how will it bring transparency? Experts explain
Also Read | Key Fact Statement (KFS) now mandatory: New RBI measure enhances transparency in lending for retail and MSME borrowers In its statement on Developmental and Regulatory Policies, the RBI emphasised that currently, the KFS is specifically mandated for loans by scheduled commercial banks to individual borrowers, digital lending by regulated entities, and microfinance loans. Also Read | RBI Policy: Governor Das unlikely to precede Fed in policy reversal; expect rate cut only in H2, say Economists "The Reserve Bank has announced several measures in the recent past to foster greater transparency and disclosure by the regulated entities (REs) in pricing of loans and other charges levied on the customers.
09.02 / 10:59
UPS
Provident
Strategy
Align
Relationships
International
Family offices quite distinct from traditional wealth management, says Rajmohan Krishnan of Entrust
Family offices are one-stop wealth management for Ultra-HNIs and look after investments, estate planning, tax efficiency and philanthropy among other things.
29.01 / 14:09
29.01 / 11:41
Digital
Manufacturing
CEO
Platform
Pool
Align
President
Rolls-Royce inks seven-year deal with Azad Engineering for military aircraft engine components
Rolls-Royce Plc has formalized a pivotal seven-year agreement with Azad Engineering, based in Hyderabad, aimed at the production and supply of intricate components crucial for its defense aircraft engines. Azad Engineering's disclosure to the bourses on Monday underscored the strategic significance of this collaboration, positioning the company within the global supply chain for the intricate components essential to Rolls-Royce’s cutting-edge aero engines. Expanding Global Footprint: Under the seven-year commitment, Azad Engineering will play a key role in manufacturing and supplying critical engine parts designed for Rolls-Royce’s defense and military aircraft engines.
29.01 / 11:28
markets
Provident
Align
WhatsApp
Research
Experts
Updates
Stock market today: Nifty 50, Sensex jump almost 2% each on all-round buying; investors earn ₹6 lakh crore
JSW Steel, Tech Mahindra and TCS - ending in the red. Also Read: Sensex, Nifty surge over 1%: From gains in RIL, HDFC Bank to strong global cues, 4 key factors driving the rally The mid and smallcap indices also clocked healthy gains. The BSE Midcap index rose 1.68 per cent and the Smallcap index ended 1.03 per cent higher.
29.01 / 09:51
markets
Align
Schools
Colleges
Budget 2024 expectations: From human resource investments to fulfilling NEP goals, here's what education sector needs
₹2.25 trillion may seem daunting, robust tax collections and a significant surplus in revenue create a conducive environment for a transformative leap." Vivekanand Education Society’s College of Architecture Principal Anand Achari mentioned that incorporating the Indian knowledge system into the curriculum requires the development or upgradation of curricula, training or orientation for faculty, and the empanelment of artists- and artisans-in-residence in higher education institutions. He said, “There is a need to strengthen industry-academia collaboration for better alignment of academic curricula with the evolving job market.
29.01 / 07:33
COST
Provident
Manufacturing
Align
Sustainability
Research
innovations
Budget 2024: Construction sector wants to build a sustainable future
Nationally Determined Contributions (NDC) to reduce emissions intensity. the construction and operation of buildings, responsible for approximately 40% of global carbon emissions become particularly significant in this regard.
29.01 / 06:39
markets
CEO
Strategy
Align
Healthcare
Diversity
International
The making of a chief strategy officer: Traits, skills and abilities
So if you are an executive looking to become a CSO, it is important to understand what the role entails.
29.01 / 06:39
markets
UPS
Booking
Platform
Align
travelers
International
Starting April, you will have to pay more for your Airbnb if you pay in a different currency from listing
Airbnb Inc. is planning to increase the guest service fee for cross-currency bookings as the vacation-rental company pushes into more international markets to boost growth. Starting April 1, an additional fee of as much as 2% will be charged to guests if they pay in a different currency from the listing, Airbnb said on its website. That would bring the guest service fee to as much as 16.5% of the subtotal, which excludes taxes. Hosts can also choose to tack on a cleaning fee, which has prompted complaints from some guests as being excessive. “From time to time, we adjust our fees to better align with the value we provide,” the San Francisco-based company said in an email to users Wednesday. The move could drive approximately $200 million to $500 million in incremental profit in 2025, according to TD Cowen analyst Kevin Kopelman. While the tailwind may be offset if users shift to paying in local currency at checkout, there may still be a high-single-digit impact to 2025 Ebitda, Ken Gawrelski, an analyst at Wells Fargo, wrote in a note. “Sometimes we make changes to give us flexibility to offer and evaluate new products, features and policies, including fees,” Sam Randall, an Airbnb spokesman, said in a separate statement to Bloomberg.
29.01 / 04:49
markets
Manufacturing
economy
Align
show
reports
Budget 2024 ammo for India to win real estate battle over injured China
Budget expectations: There can't be a more apt time for India's budget to show how to 'strike while the iron is hot' as its larger neighbour and fierce rival China's economy goes through testing times amid a property crisis. While China is suffering an economic plight largely with the failure of its biggest real estate developers that shows no sign of abatement in the downward spiral, India, which has emerged as the fastest growing major economy, is seeing adding many feathers even on the property sector ducking global woes. India is chasing ambitions to be the third largest economy by 2030 while it ramps up infrastructure and invests trillions.
29.01 / 02:01
UPS
IPO
Career
security
Align
show
blues
How to align your career and finances
There comes a point in our lives when we truly know that we have mastered what we began doing as young beginners. This peaking of knowledge, skill and attitude is also the peak of our incomes in our professional lives. We may not see it very clearly, but years of applying ourselves to something yields great dividends and value to the human asset.
28.01 / 05:48
markets
UPS
Provident
Citizens
Align
Experts
Destinations
Fixed deposits: Should FDs be your next investment destination? Here's what top experts say
ARTHA FinPlan, shared, “At present, one may look for FDs for goals like creating a contingency fund and earning a fixed income. For example, a short-term FD can be aligned with a contingency fund. Investors especially senior citizens can invest in for their fixed income requirements.
27.01 / 17:21
FIVE
Align
Research
Experts
stage
country
recommendations
NOT
Higher edu institutions to be categorised as 'accredited' or 'not accredited', grading system to go
Higher Education Institutions (HEIs) in the country will no longer be given grades under the accreditation system, rather they will be categorised either as «accredited» or "not accredited", the National Assessment and Accreditation Council (NAAC) decided on Saturday. In an executive council meeting held on Saturday, the NAAC also decided that the accredited institutions will be further given levels between one and five to encourage them to achieve the highest level.
27.01 / 13:31
Apple
Align
reports
testing
Features
International
Sneak peek into iOS 17.4 Beta reveals Apple's move with ChatGPT API for Siri enhancement: Report
SiriSummarization private framework within the code has been making calls to OpenAI's ChatGPT API. This integration plays a pivotal role in Apple's internal testing of evolving AI capabilities, as evident from system prompts like "please summarize," "please answer this question," and "please summarize the given text," as reported by 9to5Mac. Moreover, these system prompts suggest an integration of AI features within the Messages app, aligning with earlier reports from Bloomberg that hinted at Apple's efforts to integrate a Message app capable of handling queries and auto-completing sentences.
27.01 / 11:33
markets
Provident
Strategy
Analysis
Align
trends
performer
Mid and smallcap indices did great in 2023, but which ones are the best?
Indian equities as an asset class, but more so for mid and smallcaps. Despite the volatility of international uncertainty and geopolitical tensions, Indian markets stood strong. While Nifty 50 returned 20%, mid and smallcaps were in excess of 40%. The year of the bulls, 2023 was marked by stabilized interest rates and heavy government PLI schemes, among other macroeconomic factors.
27.01 / 11:33
Aware
Align
Sustainability
Research
show
reports
recommendations
RBI’s warning on exuberant retail lending has deeper dimensions
retail lending is increasingly posing concerns for the banking industry, arising from a potential systemic risk. The non-mortgage lending growth of banks and NBFCs has been growing at 25-30% YoY, mainly led by credit cards, durables, autos, personal loans, education loans, and others. A recent RBI research delves into the empirics of retail credit growth and concludes that the quality of retail loan portfolio is healthy across banks, product categories, and borrower risk classes, even as growth continues to surge. But it warns that some subcategories, mainly credit cards and vehicle loan portfolios, show signs of weakness, and need close monitoring. The broader message of this study is that there are incipient concerns about rising credit risks from rampant retail lending by banks and NBFCs. However, the fact that the RBI’s research recommends further regulatory tightening to contain the spillover effect aligns with our fervent alerts on exuberant retail lending. Considering RBI’s latest study, the announced and prospective regulatory tightening, and our assessment of the economic cycle, the headwinds for the Indian banks and lending industry will likely intensify.
27.01 / 08:51
Citi
Fighting
Align
Southern
community
peace
Philippine troops kill 9 suspected Muslim militants, including two involved in Sunday Mass bombing
Philippine troops killed nine suspected Muslim militants in the volatile south, including two key suspects in a bomb attack last month that left four Christian worshippers dead, the army said Saturday. Four army scout rangers were slightly wounded in Thursday's operation against the Dawlah Islamiyah, a small outfit aligned with the Islamic State group, in the hinterland village of Taporug near Piagapo town in Lanao del Sur province, army spokesman Col. Louie Dema-ala said. Army forces clashed with about 15 militants in a series of shootouts from Thursday to Friday after some villagers tipped off the military of their presence, Dema-ala, adding that the surviving militants escaped and were being pursued.
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