Parke Financial News

Common Testing Centre for Unmanned Aerial Systems (drones) would be established in Tamil Nadu at an outlay of Rs 45 crore, the state government said on Wednesday. Tamil Nadu Industrial Development Corporation (TIDCO) is the nodal agency for the implementation of the TN Defence Industrial Corridor, and one of the strategies of the corridor is to provide an ecosystem for the aerospace and defence industry.

affordable housing stock by nearly two-thirds. Officials said they would give first preference to artists certified by the city. New Rochelle is emerging as a potential blueprint for overcoming the various political, financial and community obstacles that have made efforts to build multifamily housing in the suburbs an often insurmountable task.

Alliance (NDA) at the Centre. Clarifying on the meeting, Sharad Pawar has said, “It was a family meeting with Ajit Pawar. I did not go to the media talking about the meeting." The meeting between NCP founder Sharad Pawar and his nephew and Maharashtra Deputy Chief Minister Ajit Pawar on August 12 at businessman Atul Chordiya’s residence in the Koregaon Park area had sent political circles abuzz.

Both I and my wife are 35 years old and have salaries of Rs 40,000 a month each. We have a Rs 20 lakh home loan and the EMI is Rs 16,000 per month. Last month, we got Rs 65 lakh from a property sale. Should we invest this amount or close the home loan? We have a son and a daughter. We have a 3-BHK flat in Hyderabad, two plots of land, Rs 4 lakh in stocks and mutual funds, a Rs 50 lakh term policy, Rs 4 lakh in LIC Jeevan Anand, a Rs 6 lakh Maxlife policy, Rs 2.5 lakh in EPF, and a Rs 3 lakh SBI Ulip. We have separate mediclaim policies from our employers. Naveen Kukreja, CEO and Co-Founder, Paisabazaar.com: As for your health insurance, you should purchase a cover of at least Rs 1 crore since the mediclaim policies provided by your employer might be inadequate.

Marc Becker, a 27-year veteran of Apollo Global Management Inc. and co-head of impact investing at the private equity firm, died Monday. He was 51.

An Australian timber wastes recycling business which had begun exporting wood pellets across the globe has tumbled into administration, with Japanese powerhouse Mitsui then appointing receivers.

Rajinikanth's latest film 'Jailer' has hit it out of the park at the worldwide box-office. On the sixth day since its release on August 10, the movie has breached the Rs 400 crore-mark, globally, according to film trade analysts Manobala Vijayabalan and Ramesh Bala. 'Jailer' earned Rs 64.27 crore on Independence Day (Day 6), taking its worldwide total to Rs 416.19 crore.

You may often get surplus money in hand, but may not have a plan to deploy the same in an appropriate investment instrument. In such a situation you’ll lose the return till the fund remains idle in your hand. The best way is to immediately invest the money as soon as you receive it unless you have a spending plan.

News18 has reported citing local sources. The five star hotels which is reportedly to host the top dignitaries of the world include Taj Mahal, Taj Palace, Maurya Sheraton, Le Meridien, Shangri-La, Imperial, Oberoi, Leela, sources told the daily. Speaking about where the top leaders will be staying, top sources told News18 that US president Joe Biden is likely to stay at ITC Maurya whereas Chinese President Xi Jinping at Taj Palace.

Gov. Ron DeSantis’ appointees to a board that oversees Walt Disney World say a Florida judge should rule without trial against Disney as the company fights Gov. Ron DeSantis’ takeover of the governing district

Klar has received a $100 million debt facility from investment firm Victory Park Capital to expand the company's loan book in a country where few residents have access to credit. «This will let us provide better offers to our users, whether that's larger credit lines or reduced interest rates,» CEO Stefan Moller said in an interview ahead of the announcement.

arbitrage funds, pouring in as much as Rs 10,074 crore in July, with cumulative flows rising to Rs 23,800 crore this financial year. The inflows reflect high returns and better taxation treatment these funds offer compared to debt plans.What is an arbitrage fund? How does it generate returns?An arbitrage fund seeks to generate returns on the price differential in the cash and futures market. In such a scheme, the fund manager simultaneously buys a company in the cash market and sells an equivalent quantity in the futures segment as long as the futures trade at a reasonable premium. The spread between the two generates the return for the scheme. The fund does not take any naked exposure to any individual security or an index as each buy transaction in the cash market has a corresponding sell transaction in the futures market. While 65% of the corpus is allocated to arbitrage products, the fund manager is free to choose the balance of 35% between arbitrage or debt products, depending on his view on the market.Why is it gaining popularity with investors?High returns compared with savings accounts and better taxation are driving investors to arbitrage funds. Rich investors also prefer these funds as they are treated as equity funds for taxation, which significantly increases post-tax returns. Investors holding for less than a year pay 15% capital gains tax, while if they sell after a year they pay only 10% long-term capital gains tax for gains above Rs 1 lakh. Compared to this in a debt fund, rich investors have to pay short-term capital gains tax at 30%.

Indian Embassy beefed up. A large number of police personnel were deployed outside the premises of the Indian embassy, a video posted by news agency ANI showed. This came after Pro-Khalistan groups had planned to stage protests outside the Indian Embassy in Washington DC amid a scheduled Independence Day celebration.

It’s a question that has become more common as the FIFA Women’s World Cup rolls on – what’s the plan for the next Matildas match?

Sydney robo-adviser Stockspot, founded by ex-UBS portfolio manager Chris Brycki a decade ago, has sold a sizeable stake in the business to Japan’s Mirae Asset Global Investments, best known in Australia for being an early investor in exchange-traded fund powerhouse Betashares.

Alabama Gov. Kay Ivey's office said Tuesday that an auto parts supplier plans a $114 million investment to expand its facility in Auburn to support the production of electric vehicle parts

Texas is suing Shell, alleging a fire at the oil giant's Houston-area petrochemical plant damaged the environment

real estate, according to Realtor.com. (News Corp, owner of The Wall Street Journal, also operates Realtor.com.) Glencoe’s 60022 ZIP Code median listing price is $3.26 million, surpassing the next priciest Midwestern ZIP Code—that of Kenilworth, Ill., about four miles southeast of Glencoe—by close to $1 million. Anchored by a buzzing downtown with local boutiques and restaurants, Glencoe has transformed into a village of its own, says luxury broker Jena Radnay of @properties.

Maharashtra Deputy Chief Minister Ajit Pawar on Tuesday said nothing much happened during his meeting with his uncle and NCP chief Sharad Pawar in Pune last week. Speaking to reporters in Kolhapur, he said there was no need to think too much about the meeting. «Pawar Saheb (Sharad Pawar) has already clarified.

Gautam Adani's renewable energy company is targeting to set up 45 gigawatts (GW) of renewable energy capacity by 2030, as it looks to cut emissions and help India meet its carbon neutrality target. Adani Green Energy Ltd has 8,316 megawatts (8.3 GW) of operational renewable energy capacity and another 12,118 MW either nearing construction or under execution, sources close to the company said. The target is to take this 20,434 MW (operational plus under execution projects) to 45,000 MW or 45 GW by 2030, they said, adding AGEL is looking to build roughly 3 GW of capacity to generate electricity from solar and wind energy every year.

Tata Trent has leased 1.13 lakh sq ft of warehousing space at Galaxy Hubco, a warehousing project in Talwada, near Vapi, Gujarat by Arete Group, a business conglomerate based in Gujarat. Situated with convenient access to NH-48, the facility ensures seamless connectivity for logistics operations. With ample clear eaves height, businesses can efficiently utilize vertical storage.