Parke Financial News

Nifty futures has rolled at around 65 per cent compared to 70 per cent which is lesser with respect to the previous series. The Open Interest (OI) for the new contract is higher by around 2 lakhs with respect to the last month contract implying more long positions, according to Religare Broking. Bank Nifty futures rolled at 74 per cent compared to 87 per cent, lower than the previous month.

residential developments, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has rolled out directives with regards to parking dimensions, numbering, and precise location within buildings. Following the registration of apartments, realty developers are mandated to incorporate these specifics into the allotment letter and agreement for sale, ensuring transparency and adherence to regulations. To streamline the process, MahaRERA has introduced a standardized annexure covering aspects of covered parking, garage, open parking, and mechanized parking.

Only one in 10 Canadians plan on investing their tax refund this year as other financial demands take priority, a new CIBC poll found.

Norwest Venture Partners backed by US financial giant Wells Fargo has raised its 17th global fund of $3 billion, the Menlo Park, US-based firm said Thursday. The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets — USA, Israel and India. It has $15.5 billion of assets under management.

For the first time in more than a year, the monthly board meeting of Walt Disney World’s governing district was back to being what many municipal government forums often are — boring

Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2024. Aravind Maiya, Chief Executive Officer of Embassy REIT, said, “FY2024 has been a blockbuster year for Embassy REIT. We leased a record 8.1 msf to leading corporates, majority of which were GCCs, we delivered 2.2 msf of new office development, and we recently announced our intent to acquire, demonstrating our commitment to driving growth for all our stakeholders. In our fifth year as India’s first listed REIT, we continue to see our business grow from strength to strength, and we are excited to announce our entry into a new market with our proposed acquisition of Embassy Splendid TechZone in Chennai. Given the sustained robust performance and our positive outlook on Indian office, we’re pleased to provide guidance for FY2025, which includes 5.4 msf of total leasing and distributions guidance in the range of ₹22.40 to ₹23.10 per unit." The Board of Directors of Embassy Office Parks Management Services Private Limited (‘EOPMSPL’), Manager to Embassy REIT, at its Board Meeting held earlier today, declared a distribution of ₹495 crores or ₹5.22 per unit for Q4 FY2024.

fiscal year. Its net operating income stood at Rs 680.2 crore in the year-ago period. According to a regulatory filing, Embassy REIT has posted an 8 per cent annual increase in its net operating income to Rs 2,981.9 crore during the last fiscal year.

Embassy Office Parks REIT, India’s first listed REIT and the most prominent office REIT in Asia by area, has leased 8.1 msf of office space in FY24, surpassing the full-year guidance by 35%. Global Capability Centres (GCCs) account for over 65% of the annual leasing activity. Leading multinationals; achieved occupancy guidance of 85% at year-end. While Bengaluru occupancy is at 91% and Mumbai at 99%. Both markets represent ~86% of total assets by value. The firm has set an initial guidance of 6 msf for the last fiscal. Embassy Reit has set guidance for FY2025 with 5.4 msf of total leasing.

HD Deve Gowda's popular cardiologist son-in-law CN Majunath for the Bangalore Rural constituency. Bengaluru South will witness a tough battle of the influential Vokkaliga families in the Congress bastion, that has been won by DK Suresh since 2013.

Future Proof, the business-to-business events organizer that broke the mold with its monster gatherings over the past two years, has unveiled plans for its largest and most expansive conference yet.

Known as the Chronic Wasting Disease, this fatal disease affects animals like deer, moose, elk and reindeer, and is highly contagious causing starvation and even death.

Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms

A Tesla that may have been operating on the company’s Autopilot driving system has hit and killed a motorcyclist near Seattle

Living in the present is great. However, the stress of not having a secure future will give you nightmares. Many people start investing in their 20s or even 30s but one thing they forget to prioritize is planning for retirement. Retirement planning is as important as planning for your marriage, education, and more. If you have hit your 40s and feel like you have missed the train, don't worry! ETMarkets spoke to Chirag Muni, Executive Director at Anand Rathi Wealth Ltd to understand the best way to start your retirement journey in your 40s. Excerpts: How important is it to plan for retirement? Chirag Muni: Retirement planning is very crucial in every individual’s life. A lot of decisions need to be taken early for a secured retirement and a steady flow of income even post-retirement. The best way to increase retirement savings is to start early with a few disciplined steps.

Rikesh Sen, the BJP MLA from Vaishali Nagar in Chhattisgarh's Durg district, found himself in the spotlight after a video surfaced showing him intervening in couples' sitting at a local garden within his constituency. The incident, captured on camera, depicts Sen shooing away couples from the park, sparking reactions from the public. Sen's actions at the garden stirred controversy, with some couples expressing frustration over the closure of OYO Rooms, an app aggregator for hotel rooms, and resorting to public parks for meeting with their partner. In the video, Sen is seen confronting couples about their activities, citing complaints about alleged «indecent activities» in the park.

A minor league baseball team in Montana is calling out the U.S. Department of Interior for “unwarranted and relentless” trademark claims in a battle over the use of an arrowhead logo

Employees of the company tasked with rapidly personalizing jerseys for each first-round NFL draft pick as they are announced don’t need to travel very far for this year’s player selections in Detroit

tax regime can consider ELSS funds to invest up to Rs 1.5 lakh under Section 80C of the Income Tax Act. Wealth managers say flows can be staggered using systematic investment plans (SIPs) from the first month of the financial year rather than parking lump sum towards the closing of the year. WHAT IS AN ELSS SCHEME? ELSS or Equity-Linked Savings Scheme is a mutual fund category that primarily invests in equity. This benefits investors choosing the old tax regime as investments up to Rs 1.5 lakh are exempt under Section 80C of the Income Tax Act. Financial planners recommend these schemes to first-time investors for the twin benefits of saving tax and taking exposure to equity as an asset class. Investments in these schemes are locked in for three years from the date of investment. Investors are free to redeem the investments or continue holding them after the lock-in ends.

Amsterdam, Netherlands – 22 April

KPI Green Energy, have surged 450-500 per cent over the last year. Some others, such as SRM Energy, SJVN, JP Power Ventures and Adani Power have jumped 200-350 per cent in the same period. There are over 15 stocks in the renewable energy space that have jumped more than 100 per cent in the last one year.