Provident Financial News

Mumbai: Indian payments service provider Mobikwik expects to report full year profits at the end of FY24, as it becomes IPO (initial public offering) ready, co-founder and chief operating officer Upasana Taku said in an interview on Thursday. Mobikwik (operated by One Mobikwik Systems Pvt Ltd) reported its half-year revenues at ₹385 crore for H1 FY24 and ₹8 crore of profit after tax on Thursday. “We have grown 58% in revenues over what we did last year at this time.

NEW DELHI : The petroleum ministry has increased the LPG distributors’ commission to ₹73.08 per cylinder from ₹64.84 fixed in May last year. In a letter dated 3 October, sent to the oil marketing companies (OMC), the ministry, however, said that the revision in the distribution commission would not result in a revision in retail LPG prices. It said the government approved the “revision of distributor’ commission to ₹73.08 per 14.2 kg cylinder (establishment charges: ₹39.65 and delivery charges: ₹33.43) and ₹36.54 per 5.0 kg cylinder (establishment charges: ₹19.82 and delivery charges: ₹16.72)".

₹60-70 lakh to raise a child in the first 20 to 22 years after birth. This is a considerable cost you will incur as a parent before retiring. A significant financial event, aside from retirement, is educating and raising a child.

Cytiva on Thursday opened a new manufacturing facility and Experience Centre in Pune. The new facility will double Cytiva's manufacturing capacity in India and provide critical training programmes to accelerate the development of novel therapeutics.

Crypto firms in the Netherlands, including Bitvavo and Coinmerce, have achieved a partial victory in their legal battle against fees totaling $2.3 million imposed by Dutch regulators. They argued that these fees were excessive and discriminatory.

₹ 300 501-1000 ₹400 1001-1500 ₹550 1501- 2500 ₹650 2501 – 3500 ₹800 3501 and above ₹1000 IndiGo remains committed to offer affordable fares to its valued customers. IndiGo will also publish the tariff sheet subsequently, with the sector-wise charges that can be viewed on www.goindigo.in IndiGo is amongst the fastest-growing low-cost carriers in the world.

Before 2015, Alberta had, by far, the lowest federal-provincial combined top marginal tax rate in Canada at 39 per cent. This comparative advantage contributed greatly to large amounts of investment and people going into Alberta.

About two years ago, Gillian Holcroft co-founded a company to sell two patented technologies that would allow miners to produce and recycle graphite in an environmentally friendly manner.

Click here! An individual will be eligible to obtain a remote pilot certificate if he is not less than eighteen years of age and not more than sixty-five years of age. He should have passed the class tenth examination or its equivalent from a recognized board, and has successfully completed training as specified by the DGCA from any authorized remote pilot training organization.

Fact-checking notes on X are making some advertisers more cautious about spending on the social-media platform. X, formerly known as Twitter, in 2021 began allowing a group of volunteers to collaborate on “Community Notes" meant to provide additional context or information about both unpaid posts and paid ads on the platform. Notes first became visible to all Twitter users in 2022, but their prevalence has increased significantly this year.

A wage increase of 15 per cent over five years was the first thing to catch most observers’ eyes last month when Unifor, the union representing 5,600 workers at Ford Motor Co. of Canada, ratified a new three-year contract with the automaker.

As Uptober continues to drive prices to new heights following a flurry of interest around SocialFi, two promising DEX-traded tokens BDOGE and FROGGY have exploded this week - here's why.

The price of Solana (SOL) has dropped to $23.26 today, with the altcoin falling by 1% in 24 hours as the market as a whole barely moves.

The Cardano price has increased by 1% in the past 24 hours, reaching $0.260110 as the wider cryptocurrency market barely moves today.

By Phuong Nguyen and Chavi Mehta

Karnataka Cabinet on Thursday decided to provide 33% seats for other backward classes (OBCs) in the urban local bodies and in panchayats, partly accepting a set of recommendations made by retired Justice K Bhaktavatsala Commission. Urban local body polls in Karnataka had been stuck for want of a water-tight policy on political reservation in urban local bodies and in panchayat institutions based on a set of scientific data on dominance of caste groupings in each seat. The previous BJP regime had, in May 2022, set up a Commission, under retired high court judge Justice K Bhaktavatsala, asking it to come up with a report on determining political reservations for OBCs based on empirical data on OBCs. The earlier system of political reservation was not based on empirical data, and the apex court had said states could hold local body polls only after deciding seats for OBCs based on the empirical data on their population in seats. Justice Bhaktavatsala Commission relied on the elaborate caste census data, prepared by the State Backward Classes Commission. The data, part of a comprehensive report, however, is still under wraps, and the state government is awaiting clarity from the Congress high command to take a call on placing the report in public domain. Law Minister HK Patil, briefing the media about the Cabinet decision, said the Justice Bhaktavatsala Commission had made five recommendations, but the Cabinet had accepted three.

Eastern Command of the Indian Army will host a Mega Defence Event East Tech 2023, showcasing the latest in defence technology in Guwahati on 10th and 11th October, the first such event in the state. It is an initiative to identify cutting-edge technologies needed for solving operational challenges in the Eastern Sector and the Indian Army as a whole. As per the official statement, the aim of the event is to facilitate Eastern Command in meeting its operational challenges by incorporating contemporary indigenous technology. In the true spirit of 'Atma Nirbhar Bharat', the event strives to engage a large number of Indian Manufacturers including MSMEs, DRDO, DPSUs, R&D Organisations and Academia, to showcase their latest and the most advanced weapon & equipment technology at the event. It is also an initiative to promote and provide a platform to various start-ups and major players of the defence Industries belonging to Assam and other North Eastern States to showcase their latest innovations in the defence sector. The two-day-event cum demonstration is being carried out for the first time in the entire North East Region.

True North has agreed to invest $75 million for a minority stake in US-based digital transformation solutions provider iLink Digital. The investment, made by True North’s $600-million (around Rs 4,200 crore) Fund VI, is aimed at expanding iLink Digital’s organic and inorganic growth in the IT services space.

By Timour Azhari

Gopal Asthana, Chief Executive Officer, Tata CLiQ, said, “At Tata CLiQ, our efforts are focused on becoming the preferred platform for consumers for lifestyle, luxury, and beauty. Tapping into the current buying sentiment of consumers this festive season, we are excited to announce our flagship sale event, 10.10, which starts on October 6. All three platforms, Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette, have a bouquet of offers across categories that are bound to excite consumers as they shop this festive season. The platforms have also expanded their existing portfolio by introducing the latest collections, thus increasing their assortment further across different categories. We look forward to an exciting festive season as we continue to provide curated offerings and an elevated shopping experience to our customers." Tata CLiQ, India’s leading e-commerce destination, is driving the proposition of 'scoring the perfect 10 on your fashion’ for the 10/10 sale.

Flipkart Plus members will enjoy a 24-hour head start on the sale. Flipkart has partnered with various lenders like ICICI Bank, Axis Bank, and Kotak Bank to provide instant discounts on purchases made through their cards and EMI transactions during the sale. Here are details on credit cards offering maximum discounts.