Align Financial News

According to a report from The Verge, Microsoft (NASDAQ:MSFT) is laying off 1,900 workers at Activision Blizzard and Xbox this week.

Tracks, the innovative Web3 music streaming dApp created by LABEL Foundation and built on the BNB Chain, is now available on LG Smart TVs running webOS 22 and webOs 23, globally. This pioneering launch introduces the first-ever Web3 music app on an LG smart TV platform, transforming how users engage with music streaming.

systematic investment plans) has been on a consistent rise. The total assets under management (AUM) of SIPs hit ₹9.95 lakh crore in Dec 2023, 14 percent higher than the corresponding data for September, shows the AMFI data. Have you ever wondered why SIP inflows are on a rise? Well, there are multiple reasons for the same.

Quiver Quantitative — In response to economic challenges and a significant stock market decline, China has announced a strategic reduction in its reserve requirement ratio (RRR) for banks. Set for implementation on February 5, this move aims to inject 1 trillion yuan ($139 billion) of long-term liquidity into the market. This proactive step, unusually announced in advance by the People's Bank of China (PBOC), is part of broader measures to stabilize the economy and financial markets. These efforts include enhanced support for the property sector and deepening financial collaboration with Hong Kong.

Crypto fund manager HashKey Capital and FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG), have unveiled a suite of indices tracking cryptocurrencies.

The recent investment marks the third investment from Nisus Finance’s real estate special opportunities fund-1 (RESO-1), managed by Nisus BCD Advisors LLP, with a corpus of Rs 700 crore. “The recent investment aligns with our strategy for the RESO-1 Fund, aiming to generate significant alpha through a strongly risk-mitigated structure with high asset and cash flow cover. The fund infusion will help to expedite the project,” said Amit Goenka, MD & CEO of Nisus Finance. The recent investment marks the third investment from Nisus Finance’s real estate special opportunities fund-1 (RESO-1), managed by Nisus BCD Advisors LLP, with a corpus of Rs 700 crore. The Project is located at Bellandur, a key micro market of Bengaluru with prominent tech parks and excellent connectivity.

2023 proved to be a remarkable year for the Indian real estate sector, for both residential and commercial segments. The real estate bull run has been propelled by heightened demand and impressive absorption rates. Now, poised at the cusp of a new fiscal year, the real estate landscape looks towards the budgetary announcements to sustain and amplify the positive trajectory witnessed in 2023.

2024 is set to emerge as a powerhouse of growth, reflecting the aspirations and preferences of prospective buyers in the bustling landscape of Delhi-NCR’s real estate market. According to a recent survey report by R&R, a whopping 57% of buyers plan to make real estate investments in the next 3-5 months, indicating a surge in demand, and a significant 44% of buyers in Delhi-NCR are keen on investing in under-construction properties, underlining the optimism in the sector.

initial public offerings are demanding rules what they see as unequal treatment in the rules around how stock is allocated to so-called cornerstone investors in new listings. An overwhelming 87% of 62 institutional investors said anchor investors — who agree to buy IPO shares before the offerings are sold to a broader group — should be required to hold onto their shares for a specified period after the listing, according to a KKR Capital Markets survey in December.

eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. «While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,» eBay CEO Jamie Iannone said in a letter shared with employees.

In another pro-tech initiative, the United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan has announced the creation of an Artificial Intelligence and Advanced Technology Council (AIATC).

Taiwan's population has likely contracted COVID-19, the Centres for Disease Control (CDC) said Tuesday, citing a seroprevalence study last year that looked into the prevalence of the disease and the recent spike in cases. The CDC, which tested 7,000 randomly selected blood donation samples collected in Taiwan between January and June, found that nearly 80 percent came from people who had contracted COVID-19, CDC Deputy Director General Lo Yi-chun said in a weekly briefing.

FAME scheme in promoting widespread EV adoption. Sreyas acknowledged the government's dedication to the cause but pointed out a notable disparity in GST rates between EVs sold with fixed batteries (taxed at 5%) and lithium-ion batteries used for swapping (taxed at 18% when sold separately). Anticipating the budget, Sreyas expressed hope for GST parity for EV batteries used in swapping, aligning them with the 5% bracket to fortify the EV landscape.

Shares of Microsoft (NASDAQ:MSFT) climbed slightly in Tuesday premarket trading after Morgan Stanley analysts raised the price target on the stock from $415 to $450, suggesting an upside potential of more than 13.5% from the current share price.

BENGALURU : For dental-tech startup Dezy, a problem of plenty has forced it to lay off nearly 200 employees, shut a key division, and tweak its business model to focus on operating a chain of clinics. The startup, founded in 2018 and originally known as smiles.ai, began with selling transparent teeth aligners, competing with the likes of Toothsi, Snazzy and TeethLogic. This original business plan worked well, and orders spiked last year from a few dozens every month to thousands.

NAREDCO Maharashtra, emphasised the real estate industry's anticipation of transformative changes in the upcoming Budget 2024-25. He highlighted the sector's pivotal role in the economy and its significant employment contribution. Acknowledging past reforms, Runwal called for an increase in the interest rate deduction cap to ₹5 lakh and a redefinition of affordable housing, particularly in metro cities.

Betterhalf, a matrimony super app and tech-enabled end-to-end wedding planning and fulfilment company, said it plans to onboard 100 skilled professionals across its verticals in 2024. It currently has 150 employees. The company has expanded its wedding services operations across metros and multiple tier-1 cities. “As part of the hiring strategy, the platform will create new jobs in the industry, opening 70, 20 and 10 positions in the wedding business operations, product and technology, and marketing and growth respectively,” said a company statement.

Dementia India Alliance (DIA) have signed a Memorandum of Understanding (MoU) to collaborate on advocacy, outreach, training, research work and support services for dementia care. According to Bengaluru-based NIMHANS, a premier institute for mental health and neuroscience in India, the collaboration aims to improve the overall quality of life of persons with dementia and their family caregivers through various modalities, they said.

Himanshu Bajaj as managing director and country co-leader, alongside managing director Vikram Utamsingh. A company statement said Bajaj’s joining advances A&M India’s strategic capabilities and talent expansion, and helps further opportunities for clients to capitalise on the market’s continued projected growth. Bajaj, who has more than two decades of consulting and business experience, has worked in several industries at the strategic and operational level. He has led multiple engagements including operational transformations and end-to-end value enhancements, along with sales and marketing optimisation strategies, such as go-to-market and trade efficiency improvements. He advises clients across verticals on driving large-scale business transformations through accelerating business growth and enhancing profitability. “Himanshu’s appointment demonstrates the firm’s continued commitment to investing in people, achieving scale and positioning for growth in support of clients in India and around the world,” said A&M CEO Bryan Marsal.

Angel One shares witnessed another 5% intraday decline today, reaching a low of ₹3,085 per share. This downtrend has persisted since the announcement of its Q3FY24 results on January 15, resulting in a cumulative loss of 20% in share value. After the release of the company's financial results, domestic brokerage firms revised down their earnings estimates for Angel One due to escalating operating expenses.

MUMBAI : Companies, both IT and non-IT, are grappling with one another to dip into the same cohort of skilled IT employees, leading to a talent gap that India Inc. is struggling to fill.