Parke Financial News

Co-working startup Innov8 has announced that it will double its footprint in the ongoing financial year FY 2023-2024. The company added 5 new centres in key business cities in India in early 2023 and is all set to inaugurate 5 more centres in the current quarter.

The New Golf Course Extension region, which stretches from sector 68 to sector 79 in Gurgaon, is a new favorite of homebuyers, investors, and developers in the millennial city. Established localities such as Golf Course Road and the extension road (sec 55/ 56 to 67) have seen property prices soar in recent quarters.

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Tottenham Hotspur has an opportunity to extend its lead at the top of the Premier League table, possibly by five points, as it pays a visit to Selhurst Park to face Crystal Palace on Friday. Under Ange Postecoglou's management, Spurs have maintained an unbeaten record in the Premier League, securing victories against Liverpool and Manchester United, and a draw with Arsenal. The only blemish on their record is a draw in Week 1 against Brentford. Crystal Palace currently occupies the 11th position with 12 points, but after a heavy 4-0 loss to Newcastle United, the Eagles are in need of a strong recovery.

Amazon Prime Video is adding a wide range of movies and series to its streaming platform.

Reserve Bank of India is likely to meet with banks next week to discuss the key issues of liquidity in the banking system and developments in sovereign debt yields, which serve as benchmarks for pricing corporate borrowing. «There are meetings scheduled on November 2 and November 3. The discussion points include the skewed liquidity distribution in the banking system and the reasons why some banks deploy excess liquidity at the RBI's Standing Deposit Facility (SDF) and why some banks which are short of liquidity often have to take recourse to borrowing from the Marginal Standing Facility (MSF),» a person aware of the matter said, asking not to be named. «The RBI's plan regarding open market bond sales is also likely to come up for discussion.

The U.K. prime minister is defending China's invitation to a summit on artificial intelligence that Vice President Kamala Harris will attend next week

The government has launched the park to bolster the e-CNY ecosystem and payment solutions using the digital yuan. Residents are incentivised to move to the park for up to three years of free rent and loans. Commercial banks are being offered up to 20 million yuan to settle there, and start ups are offered up to 50 million yuan.

By Helen Coster and Samrhitha A

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, upgraded its leasing guidance to 6.5 mn sqft of office space in FY24, despite global financial turmoil and corporates reassessing their real estate portfolio. “We have successfully leased 3.1 mn sq ft, and the outlook for the full year looks promising, bolstered by a record leasing pipeline of 2.5 msf. We are also very pleased to further strengthen our long-standing partnership with one of our largest clients at Embassy GolfLinks.

Wisconsin Republicans are floating changes to a funding proposal for Milwaukee Brewers stadium repairs, including the idea of taxing non-Brewers events

Greater Kashmir Maharaja Hari Singh signed the Instrument of Accession on October 26 in 1947 and it was accepted on October 27 due to which J&K became an inseparable part of the Union of India, he said. As a part of a string of events, J&K BJP president Ravinder Raina and Mayor JMC Rajinder Sharma will flag off the "Vilay Dour Marathon" run organized by Bharatiya Janata Yuva Morcha (BJYM) led by its president Arun Prabhat tomorrow at 8 am.

last tour, named "The Long Goodbye." They will be joined by Steely Dan, also esteemed members of the Rock and Roll Hall of Fame. The tour is set to commence on September 7 at Madison Square Garden in New York. The group expressed gratitude to their management team, road crew, and backup musicians for unwavering support during the years. The tour will include Don Henley, Joe Walsh, Timothy B. Schmit, Vince Gill, and Deacon Frey, with a commitment to accommodate audience demand. The addition of six new dates between January 19 and March 13 next year was also announced. Pre-sale for these dates begins on November 1, with general on-sale on November 3 at 10 a.m. local time.

World Series will begin Friday at Globe Life Stadium in Arlington, Texas. The annual championship of Major League Baseball in the US and Canada. The winner of this tournament is determined through a best-of-seven playoff. The winning team gets the Commissioner's Trophy.

Shweta Jain, Founder, Investography, says “if somebody is looking at an investment for a long-term horizon, you do not look at it saying, okay, which liquid fund is the best and I will move money from there. You see which equity fund suits you, whether it is a largecap fund, whether it is a passive fund, whether it is a smallcap fund, whatever the fund may be. Once you have chosen your scheme and in that same AMC, you choose a liquid fund because that is the one where there will be the least amount of risk.” Let us talk about systematic transfer plans (STPs). Where did the idea come from? A lot of investors are either timing the market, or not investing thinking they need a lot of money. The thought is quite simple. It is like an SIP but for somebody who does not have a regular monthly income coming in as salary like for example, a businessman or an entrepreneur or a freelancer. They do not have regular money coming in but might have lump-sum amounts coming in. What do they do then? Should they invest when they have the money? How do they stagger it so that the rupee cost averaging works for them?

Wonderla Holidays shares surged by 10% in today's trading session, reaching a historic high of ₹887 per share. This significant increase came after the company received all the necessary approvals, clearances, and no-objection certificates (NOCs) from the Government of Tamil Nadu for its Chennai project. With these key permissions now in hand, Wonderla is set to commence construction on this project.

As winter approaches, a Vermont ski town that was hit by severe flooding this summer wants to get the word out that its very much open, with only a handful of businesses still rebuilding

Tax collection at source, or TCS, is an additional amount collected as tax by a seller of specified goods from the buyer at the time of sale over and above the sale amount and is remitted to the government account. It is mentioned in section 206C of the Income Tax Act, 1961.

Ladder7 Financial Advisories said, “Arbitrage fund is a low-risk fund that can possibly give four to five per cent returns every year. This will be a good place to park for any short-term needs as this is treated as an equity fund for taxation purposes. The STCG tax is hence only 15 per cent till the completion of 12 months and 10 per cent after that after the initial LTCG amount of ₹1 lakh." Hiren Thakkar, Chartered Accountant Proprietor, Hiren S Thakkar & Associates explains how this is the perfect time to invest in arbitrage funds due to uncertainty and high valuations.

As cities around the country push through changes to become eligible to receive a slice of the federal government’s $4-billion Housing Accelerator Fund, the Canada Mortgage and Housing Corporation (CMHC) has released a list of 10 strategies that municipalities can undertake to improve their chances of winning the grant.

debt mutual funds that invest their assets in highly liquid assets such as cash and cash equivalents. These funds offer high liquidity coupled with a low level of risk. It is worth remembering that they are not as safe as cash, however, their risk level is extremely low.