Align Financial News

equity-linked savings scheme (ELSS) represents a prudent approach to attain both investment growth and tax benefits. These funds predominantly allocate investments to equities, known for historically delivering superior returns compared to asset classes such as debt or fixed deposits. Consequently, ELSS emerges as an attractive choice for those seeking to create long-term wealth.

MintGenie, Monga said that reviving expired incentives, such as tax breaks, is crucial for affordable housing. As Budget 2024 approaches India’s real estate scenario amid an upcoming election year, the focus is on potential changes to home loan interest rates under Section 24 of the Income Tax Act. Currently capped at ₹2 lakh, experts suggest raising the limit to at least ₹5 lakh.

Former West Virginia coal executive Don Blankenship has filed paperwork to run for Joe Manchin's U.S. Senate seat

Joe Biden said on Friday that the border deal being negotiated in the U.S. Senate was the «toughest and fairest» set of reforms possible and vowed to shut down the border the day he signs the bill. «What's been negotiated would — if passed into law — be the toughest and fairest set of reforms to secure the border we've ever had in our country,» Biden said in a statement. «It would give me, as President, a new emergency authority to shut down the border when it becomes overwhelmed.

Budget 2024 expectations: Considered as the backbone of the Indian economy, the Micro, Small, and Medium Enterprise (MSME) sector consists of 29.15% of India’s Gross Domestic Product (GDP) till 2021-22. For the sector to unleash its fullest potential and increase its contribution to the Indian economy greater availability of institutional credit is the need of the hour.

Household finances continue to be tight and most families are scrimping and saving everywhere they can, which begs the question: What can you do if you’re struggling to make ends meet, but can’t cut your spending any more than you already have?

J.P. Morgan reiterated an Underweight rating on Tesla (NASDAQ:TSLA) and cut their 12-month price target on the auto stock to $130.00 (From $135.00) after the company reported weaker than expected earnings for the sixth straight quarter, and lower YoY profits for the fourth straight quarter, on Wednesday.

NEP 2020, becomes imperative for success. The changing dynamics: Elevating employabilty via skill development

India matches the international standards, they said. «The long-term plans are comprehensive and strategically aligned to national priorities, including initiatives such as Make in India, green hydrogen, drones, semiconductors, smart mobility, electronics, defence and space,» a senior government official told ET. «Besides, the government is putting in place a robust quality assurance mechanism to ensure that skill development initiatives meet international benchmarks.»

Budget Expectations: Following the success of production-linked incentive (PLI) schemes, the government needs to prepare the ground for employment-linked incentive schemes in the upcoming interim budget to spur employment generation and drive more people towards formalisation, said experts. «Several initiatives have been undertaken to spur employment generation in the country. Employment-linked incentives can be instrumental in encouraging micro, small and medium enterprises and developing sectors that have the potential to create a large number of jobs,» said R Mukundan, chairman of the CII National Committee on Industrial Relations. He said the government needs to build on its initiatives with additional incentives. Also read: Govt's formal job scheme may get extension

BJP leaders held consultations among themselves and with allies on Friday amid signs that the party is open to joining hands with Bihar Chief Minister Nitish Kumar yet again as his ties with INDIA bloc partners nosedive. Former Bihar deputy chief minister and Rajya Sabha member Sushil Kumar Modi, who has been among the state leaders consulted by the BJP top brass, told reporters that doors are never closed permanently for anyone in politics. They open and close as per the necessity, he said, when asked about the party's earlier stand that its doors were closed for Kumar forever after he snapped ties with the BJP in August 2022.

Punjab Chief Minister Bhagwant Mann Friday again hit out at the Centre over the non-inclusion of the state's tableau in the Republic Day parade in Delhi, saying the occasion cannot be imagined without a state that has made countless sacrifices for the motherland. Addressing a Republic Day function in Ludhiana, Mann said the tableaus which were «rejected» by the Centre were on Friday included as part of the parade in the state.

₹4.75 trillion by 2027 for developing its transmission infrastructure, including lines, substations, and reactive compensation, as per a draft plan floated by the Central Electricity Authority (CEA). This projection aligns with the Centre's initiative to boost the national transmission system, facilitating integration of renewable energy capacities. The CEA has sought stakeholders' comments and recommendations on its draft National Electricity Plan (Volume II) for transmission by 26 March.

In the realm of cryptocurrency, Bitcoin’s price prediction continues to draw attention as the digital currency experiences a modest increase, trading at $40,125, up by 0.30%. This surge aligns with significant developments in the crypto landscape.

₹4,389 crore allocation for the current fiscal year. This increase, though modest, aligns with the government's commitment to establish India as a key global player in the textile industry. However, the limited hike could present challenges for the ministry in utilizing its funds efficiently.

HanuMan Box Office Collection Day 14: The magnum opus HanuMan continued its impressive run at the box office, collecting an estimated Rs.108.79 crore net for the Telugu version till its 14th day in India. This brings the film's total domestic net collection to a commendable ₹150.43 crore. The movie collected around ₹3.28 crore on Day 14, indicating a decline of 6.29%, according to early estimates.

Latest news today (January 26): Presenting FE’s Breaking News today. We will keep you updated on all major news, views and much more throughout the day.

Zaggle, India’s leading & listed B2B SaaS FinTech providing spend automation solutions, has announced its partnership with Hyperface, Asia’s first Credit Cards as a Service (CCaaS) platform. The partnership will strengthen Zaggle’s product suite, and add to its expense management solutions with multi-wallet functionalities.

Environmental, social, and governance (ESG) came up as an excellent strategy to align environmental goals with financial goals. It eventually promotes the betterment of the country. In context with the Indian stock market, ESG is gaining good traction. This is the result of constant government investment and the increased interest of citizens. People are now preferring to buy and make things that are not only financially feasible but also environmentally feasible.

Microsoft is laying off about 1,900 employees in its gaming division, according to an internal company memo, just over three months since the tech giant completed its $69 million purchase of video game maker Activision Blizzard

The Verge reported on 25 January, citing an internal memo from the head of the company's gaming division CEO Phil Spencer. According to the report, though the tech firm is primarily laying off roles at Activision Blizzard, some Xbox and ZeniMax employees will also be impacted by the cuts. The job cuts work out to roughly 8 percent of the overall Microsoft Gaming division, which stands at around 22,000 staff in total.