Provident Financial News

The federal government will require crypto exchanges to hold a financial services licence, issued by the corporate regulator, under a new regime bolstered with specific obligations to reduce risks for investors while also supporting the growth of the digital asset sector.

IDBI Bank that the lender has deferred tax assets of Rs 11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. In response to the pre-bid queries from prospective asset valuers of IDBI Bank, the Department of Investment and Public Asset Management (DIPAM) said the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad. “The intangible on the balance sheet of IDBI Bank primarily comprises deferred tax assets of around Rs 11,520 crore,” DIPAM said. Deferred tax asset commonly refers to overpayment of tax by an entity.

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new AC 1 coach concept design, which is aimed to offer comfort at par with business class of an aircraft. The concept design will be to the Railway Board. The concept is a big departure from the current design.

According to a press release on September 29, 2023, the alternative investments management company Alpaca of New York presented its Alpaca Real Estate (ARE) private equity real estate platform to the public for the first time. The platform's first foray into the real estate market was co-founded by industry veterans Daniel Carr (ex-Ares Management) and Peter Weiss (ex-Prospect Ridge), and it receives significant backing from funds provided by GCM Grosvenor, the global alternative investments leader.

Traditionally, organisations operate in silos, with different departments focused solely on their respective tasks. However, as the business landscape evolved, it became evident that this approach had limitations, especially in the fast-paced world of product development. Cross-functional product teams emerged as a response to these limitations. Best Professional Courses on Product-Management

Traditionally, organisations operate in silos, with different departments focused solely on their respective tasks. However, as the business landscape evolved, it became evident that this approach had limitations, especially in the fast-paced world of product development. Cross-functional product teams emerged as a response to these limitations. Best Professional Courses on Product-Managemen

Fresh from its $838 million takeover of aged care operator Estia Health, Bain Capital is back for another piece of the pie.

Apple warns about temporary color alterations on iPhone 15, iPhone 15 Pro's titanium frame. Details here “I think having an iPhone every year for those people that want it is a great thing," was Cook's answer. He also responded to concerns about the environmental impact and highlighted the option for customers to trade in their iPhones, emphasizing the company's commitment to sustainability.

SEOUL (Reuters) — South Korea's stock market watchdog said on Sunday it found two Hong Kong-based investment banks had engaged in naked short-selling, which would likely result in record fines.

For some time, small internet providers such as Aussie Broadband and Superloop have been nipping at the heels of Australia’s biggest telecommunications groups, stealing away some of the customers who stream Netflix and log onto Zoom calls from home.

drones revolutionise military, commercial and other activities, an imperative need for 'traffic management' of these flying objects has emerged with a start-up by two entrepreneurs from Assam providing solutions for it. Already working with the Indian Air Force for detection and counter-measures of drones, the duo has now come out with an intelligent airspace management platform, which was launched at the 'East Tech 2023', a two-day defence expo which concluded on October 11.

Indian Biogas Association (IBA) during the recently held Renewable Energy India Expo 2023. Talking to PTI, IBA Chairman Gaurav Kedia said «Indian Biogas Association (IBA), an industry association comprising operators, manufacturers, and planners of bioenergy plants, has received a commitment of investment worth Rs 2,755 crore during the Renewable Energy India Expo 2023.» The association has signed joint ventures (JVs), MoUs (memorandum of understanding) and received LoIs (letter of intent) commitments during the recently concluded Renewable Energy India (REI) Expo held at Greater Noida from from October 4 to 6.

foreign investors continued through the month of October as they pulled out about Rs 10,000 crore so far. As per NSDL data, FPIs sold equity for Rs 13,652 crore through the stock exchanges till October 13, but invested Rs 3,868 crore through the primary market, making them net sellers in the month so far. Sustained rise in US bond yields in anticipation of further rates and uncertain geopolitical environment have been the main contributing factors for FII offloading Indian shares. The selling was seen in financials, power, and IT, but they continued to buy capital goods and automobiles. In September, FPIs net sold shares worth a whopping Rs 30,000 crore in eight sectors, while investments worth over Rs 1,000 crore were made only in four sectors. Overall, the total investment by FPIs in equity has reached Rs 1.1 lakh crore and over Rs 33,000 crore in the debt market this year so far. Analysts said the Indian market continues to exhibit resilience even amid many challenges and that investors may turn optimistic in the near future. «India, with its strong macro fundamentals, seems to be a place where people want to continue to stay invested. So, we believe that the pace of selling of the FPIs, especially in banks, is coming off,» said Unmesh Sharma of HDFC Securities. «There is a growing concern among FPIs, that if they continue to sell, they will miss out on the potential rally in the Indian market.

Tablets at the Spectacular Amazon Festival Sale 2023. As the much-awaited Sale prepares to offer incredible discounts on a variety of cutting-edge devices, get ready for a technological revolution. Lenovo tablets stand out among the impressive lineup, delivering incredible savings of over 65%.

Most of them make multiple trips to earn as much money as possible. Lakshminagar, Thoothibari, Nichlaul, Parsa Malik, Bargadwa, Bhagwanpur, Shyam Kat, Farenia, Hardi Dali and Khanuva are some of the villages from where it is very easy to cross into Nepal and rice is smuggled, police sources said. Maharajganj shares an 84-km open border with Nawalparasi and Rupandehi districts of Nepal's Lumbini province.

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BEIRUT (Reuters) — Reuters visuals journalist Issam Abdallah, 37, who was killed on Friday while filming Israeli missile attacks at the Israeli-Lebanon border, brought courage, compassion and insight to his work covering some of the biggest news stories of the past decade.

By Jorgelina do Rosario and Elisa Martinuzzi