RAI Financial News

Axis Balanced Advantage Fund, an open-ended dynamic asset allocation fund, has completed seven years in the market and offered 10.70% CAGR since inception. Launched in August 2017, the scheme has offered 13.51% CAGR in the last five years. In the last three years, it offered 12.88% CAGR. The scheme delivered 29.26% and 16.88% returns, respectively, in the last one-year and six-month horizons.

AAP convener Arvind Kejriwal on Monday held «one on one» meeting with party leaders during the Political Affairs Committee over the name of a new Delhi chief minister. Aam Aadmi Party (AAP) leader Saurabh Bharadwaj said the Political Affairs Committee (PAC) meeting was held at Kejriwal's official residence here. «During the meeting, he (Kejriwal) sought one on one feedback from each leader on his replacement. Tomorrow, the legislative party meeting is there and this discussion will go into the second round,» Bharadwaj told reporters after the meeting. Kejriwal, who on Sunday announced his decision to step down from the post of Delhi chief minister, took individual feedbacks by holding one to one meeting with the PAC members and ministers of Delhi government during the meeting, Bharadwaj said.

Walking Dead: Road to Terminus event will be launched in Call of Duty’s MW3 and Warzone from September 25 to October 2, 2024. Players can earn various rewards by hitting XP milestones.

Delhi Chief Minister, the name of Delhi's new Chief Minister will be decided at the Aam Aadmi Party's (AAP) legislative meeting, scheduled for Tuesday. According to the Aam Aadmi Party, the meeting will be held at the Chief Minister's residence at 11 a.m. tomorrow. When CM Kejriwal meets Lieutenant Governor VK Saxena at 4:30 p.m. tomorrow to submit his resignation, the newly chosen leader of the legislative party will simultaneously stake a claim for the post of Chief Minister.

Siddaramaiah on Monday and urged him to take the strongest possible action against BJP MLA Munirathna Naidu for allegedly using obscene language against Vokkaliga women and lowering their dignity as revealed by leaked audio tapes. Vokkaligas are the second largest community in Karnataka, after Lingayats. Ministers N Cheluvarayaswamy and MC Sudhakar led the delegation of Congress MLAs and MLCs.

S N Kalyani in favour of her son Kalyani Group Chairman, Baba Kalyani, and he has nothing to do with any of the litigations that his mother had initiated during her lifetime, the group said on Monday. Refuting reports that alleged that Baba Kalyani coerced his mother and exercised undue influence, a group spokesperson said the claims made in an affidavit of late S N Kalyani as produced by Gaurishankar Kalyani, Baba Kalyani's brother «are fabricated, incorrect and denied». «Baba Kalyani will appropriately represent his case before the Pune District Court,» the spokesperson said in a statement. Late S N Kalyani and Gaurishankar Kalyani (and his family) have been staying at their residence Parvti Nivas, when she made her will in 2012. Hence, all allegations insinuating that Baba Kalyani coerced her and exercised undue influence are incorrect and denied, it added.

Delhi Jal Board (DJB). DJB Water Supply cut areas The areas that will be affected include Green Park Safdarjung Enclave

Wipro, one of India's leading IT companies, has implemented a new work-from-office policy that directly links employees' leave with their office attendance. The company has mandated that employees must attend the office at least three days a week, failing which they risk losing their leave for the days missed.

The study followed a group of 315 children from Nova Scotia, Canada, at ages 3.5, 4.5, and 5.5 years. It found that children who used mobile phones and tablets often at age 3.5 were more prone to anger and frustration by age 4.5. Additionally, those who showed signs of anger at 4.5 years were likely to continue using these devices frequently by age 5.5. Impact on Emoti

Bandhan Bank has revised its deposit rate structure with the introduction of two new maturity schemes. The private sector lender said it will offer a 8.05% rate for one year fixed deposits — which is a new tenure introduced, while it has withdrawn the one-and-nine month scheme bearing 8% rate. Senior citizens will get 8.55% for the one year deposit, the bank announced Monday. Effectively, the one-year deposit will now carry the highest offer from the bank.

However, Australia’s recent “right to disconnect” policy now offers a concrete legal cover to employees: after work hours, they can refuse any demand related to work from their boss. While the benefits and challenges of this policy are still being speculated, it is a great step to increase employee retention. Given the rising cases of work-related burnouts in India, it’s important to understand the potential benefits and challenges associated with this policy in the Indian context. Benefits for organisations

Eros Group is expecting around Rs 900 crore revenue from its new housing project in Greater Noida (West) on strong demand for premium residential properties. The company has recently launched its new housing project 'Eros Sampoornam 3' in Greater Noida West comprising a total of 726 units. The project is spread over 5.5 acre and is scheduled to be delivered by 2028. To begin with, Eros Group has opened 318 units across five towers for sale and has already sold around 180 units valuing Rs 250 crore. Avneesh Sood Director, Eros Group said, «The early sales success reflects the trust and confidence that homebuyers have in our brand.»

Adani Group on Monday said it has pledged Rs 4,05,800 crore investment in renewable energy projects like solar, wind and Green Hydrogen at the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) 2024. According to the Shapat Patras (pledges) submitted at RE-INVEST to the Ministry of New & Renewable Energy, the group firms — Adani Green Energy Ltd (AGEL) and Adani New Industries Ltd (ANIL), have made investment commitments in renewable projects by 2030. Adani Green Energy, India's largest renewable energy company, has committed 50 GW RE capacity by 2030 (currently at 11.2 GW operational capacity).

Lending firms using the Account Aggregator (AA) framework facilitated loans worth Rs 42,300 crores from September 2021 to March 2024, noted a report released by Sahamati on Monday. Sahamati is a market-led industry alliance for the AA ecosystem. The report on ‘Lending facilitated by Account Aggregators’ is the first of a series. It is aimed at tracking the level of adoption and usage of the AA framework. In the current report, it is noted that lending firms have used AA framework to facilitate loans worth Rs 42,300 crores from September 2021 to March 2024, with a cumulative average loan ticket size of Rs 1,00,237 for the same period. The growth in facilitating loans is indicated by total loans disbursed which is Rs 21.2 lakhs with Rs 22,100 crores in disbursements facilitated by AAs in second half of FY24.

fact-finding committee led by CN Ashwath Narayan visited the site of the violence along with BJP leaders and officials. He did not mince words in condemning the Congress government and accused it of its failure to maintain law and order. Narayan, the Chairman of the fact-finding committee, blamed the Congress government for what he described as 'appeasement politics.' Speaking about the incident, he said, «The Congress government has failed to maintain law and order. It is always engaging in appeasement politics. They are not clear, they are divisive, and they aim to divide society along communal lines for vote bank politics. These kinds of incidents keep happening repeatedly.»

SOM Distilleries and Breweries has introduced a twist cap beer with its 'Woodpecker premium Beer'. Woodpecker Premium Beer claims it to be a first in India which will feature a never seen twist-style cap. Woodpecker Premium Beer is also making its debut in Karnataka—one of SDBL’s fastest-growing and most promising markets. The Woodpecker Premium Beer range includes two standout variants: Woodpecker Glide, a premium mild beer, and Woodpecker Crest, a strong, bold beer—catering to the diverse tastes of Karnataka’s beer enthusiasts. Crafted with imported two-row barley & Indian malts and hops sourced from the Rainier region of Germany, the beer stands out as India’s first to incorporate a blend of two malts, setting a new benchmark as India’s first cross-malt beer. Woodpecker beer undergoes a brewing process of 30 days, with only one batch brewed per month to ensure unmatched consistency and flavor. The company says that Woodpecker Glide stands out as a 100% natural brew, free from adjuncts like rice and sugar, embodying purity and taste.

Congress president Mallikarjun Kharge on Monday accused the Centre of carrying out a «fuel loot» despite a reduction in crude oil prices and said election-going states shall defeat BJP by rejecting the "Modi-induced price rise". Kharge said crude oil prices have reduced by 32.5 per cent, yet BJP's "fuel loot continues". «Election-going states shall defeat BJP & reject this Modi-induced price rise!» Kharge said in a post in X.

Congress government in Karnataka for hoarding a massive human chain in the name of democracy, while questioning the delay over holding the polls to local bodies, which are «fundamental pillars of democracy». He urged the government to announce elections for local bodies. Karnataka government on Sunday marked the 'International Day of Democracy' by forming a 'historic' 2,500-km-long human chain across the state, as a symbol of equality, unity, fraternity, and participative governance.

Trinamool Congress leader Derek O'Brien on Monday questioned why petrol prices in India are not decreasing despite a decline in global crude oil prices. In a post on X, the Rajya Sabha MP said the crude oil prices have come down by around 24 per cent in last ten years, but petrol price in India has gone up by 30 per cent. In August 2014, crude oil was priced USD 102 per barrel and petrol price was Rs 73, while in August 2024, crude oil is at USD 78 per barrel, and yet petrol price is Rs 95, he said. «Why are petrol prices in India not decreasing despite a decline in global crude oil prices?» wrote O'Brien, TMC's parliamentary party leader in the Rajya Sabha.

household budgeting, the responses I get are rarely positive. ‘We overshot the budget by such a large amount that making it seemed like a cruel joke.’ ‘We cannot make budgets for family events as it does not work.’ ‘Budgets are boring; they impose rules where they aren’t needed.’ ‘It’s not always about money; sometimes the heart must make the decision.’ Many of us believe that we are living in prosperous times and setting limits for spending is old school and outdated. In today’s India, spending power defines the freedom of a household to break free from the shackles of erstwhile shortages.

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