Provident Financial News

Financial planner Anupam Guha from ICICI Securities suggests that Singh build an emergency corpus of Rs.1.8 lakh, worth six months of household expenses. He can allocate his cash for this goal and invest it in a money market fund. Next, he wants to buy a car worth 6.7 lakh in five years and can assign his equity funds for the same.

Updater Services, a provider of facility management services to corporates, plans to raise ₹640 crore from its initial public offering (IPO). Of this, ₹400 crore will be raised from fresh issuance of shares that would be deployed to repay loans and enhance its working capital and the balance includes an offer of sale (OFS) by promoters and a private equity investor.Promoter holding will drop to 58.5% after the IPO from 80.5%.

InQubeta ($QUBE) is one of the options you should consider if you’re searching for a good crypto to buy and earn profits. $QUBE’s early investors are already close to doubling their investment, while those who join its presale now are in line to 3x their capital. With such huge profits to be made, it’s not surprising that a growing number of whales are flocking to the presale.

In the wake of a $27 million cryptocurrency heist at CoinEx, the crypto world is abuzz with the allure of privacy coins like Monero ($XMR) and the innovative funding marketplace Borroe.Finance ($ROE), a DeFi project emerging as a golden opportunity for those looking to ride the Web3 revolution.

Circle Squared Alternative Investments founder Jeff Sica says Taylor Swift's treatment of her employees has raised the bar for CEOs on «Varney & Co.»

Matt Tripp, the wealthy bookmaker who launched Betr with News Corporation last year, says he is still interested in buying ASX-listed PointsBet after his wagering business turned its first profit.

Hardeep Singh Nijjar's alleged involvement in «organising secret training camps for Sikh extremist groups associated with Khalistan movement in Milligan Hills in British Columbia». The Indian authorities are said to have provided training videos to their Canadian counterparts, but no action was taken, officials told ET. Nijjar, whose killing in Canadian soil in June has snowballed into a row between India and Canada, was affiliated with separatist group by the name of Khalistan Tiger Force (KTF). ET takes a look at Nijjar's journey from his involvement in Punjab militancy in the 1990s to spearheading the Khalistan secessionist movement, running a criminal gang from Canada and heading a Gurudwara...CANADIAN CITIZENSHIP

NARCL), the winning bidder to take over the bankrupt Srei non-bank lenders has distributed ₹2,580 crore of cash accumulated in the company to creditors in the first step to implementing its resolution plan. The cash was distributed as part of the ₹3,180 crore upfront payment promised by the bad bank in its winning bid and was credited to banks on Saturday, four people familiar with the details said. The payment to lenders means that NARCL now has 45 days to complete the implementation of its plan including the issuance of debentures and preference shares to lenders which can be encashed based on future recoveries from the account. «The distribution of cash is an important milestone in the implementation of the plan. NARCL will now move for documentation, issuance of debentures and equity stake to lenders as promised in its resolution plan,» said a person aware of the details.Canara Bank is the largest beneficiary receiving ₹250 crore, followed by State Bank of India (SBI) at ₹220 crore, Punjab National Bank (PNB) at ₹215 crore and Union Bank of India at ₹200 crore. As almost all lenders have fully provided for this loan, the recovery is likely to be written back to the banks' profits.

Hardeep Singh Nijjar, it is perhaps time for Canada to implement a 'foreign policy reset', shedding off its 'middle-power approach' and focussing more on 'Indo-Pacific diplomacy', Japan Times reported. Prime Minister Trudeau's allegation of an Indian role in the assassination of Khalistleader Nijjar on Canadian soil, triggered a broader deterioration in relations between Ottawa and New Delhi, the report noted. Notably, a similar episode also led to a deteriorating trend in China-Canada relations, the report stated, adding that Michael Spavor, a businessman, and Michael Kovrig, a former diplomat, were arrested by Beijing on espionage charges.

India has not only been closely monitoring Canada-based Sikh terror groups and their operatives, but also keeping a close watch on the role of NDP leader Jagmeet Singh (coalition partner in the Trudeau government) in encouraging extremist views. Jagmeet Singh has been alleged to influence Trudeau's pro-Khalistan politics and the Trudeau-Jagmeet alliance has engaged in vote bank politics amid the Canadian PM's rising unpopularity. India had engaged with certain countries, including Russia, on Jagmeet Singh's pro-extremist ideologies. Russia has banned Jagmeet's entry into its territory based on inputs provided by New Delhi, ET has learnt.

Lok Sabha and state assemblies for women — although not before the 2029 elections. To be sure, gender equality is one of the SDGs India has committed to achieve by 2030. While companies are now seen talking up gender diversity in leadership roles, it didn’t come naturally to them.

NEW DELHI : India expects to sign investment pacts worth ₹10 trillion during the Global Maritime India Summit in New Delhi slated for 17-19 October, Union minister for ports, shipping and waterways Sarbananda Sonowal said. In an interview, Sonowal said India is in talks with Russia to operationalize the recently proposed route of Chennai to Vladivostok, potentially reducing the maritime journey between the two countries to a mere 12 days. The development will facilitate trade between the two countries by providing a faster and cheaper way to transport oil.

I wish to transfer ₹10 lakh to my wife’s account as a loan, and she wants to put ₹5 lakh in a fixed deposit and invest the remaining ₹5 lakh in mutual funds and stocks. In case my wife is unable to repay the loan and I decide to waive it off, will I be taxed for the interest income earned by my wife on all her investments? —Name withheld on request It is assumed that you have given an interest-free loan to your wife.

Marvel fans, brace yourselves for a glorious return as Tom Hiddleston's Loki is set to make a comeback with the official release schedule of its second season. Here's what you can anticipate.

Jammu and Kashmir has achieved a «significant milestone» in e-governance by providing over 1,028 services in online mode to citizens, institutions and business establishments, according to an official release issued on Sunday.

IndiGo, on which he was travelling, has recently stopped allowing the purchase of a cold drink in vacuo, that is, in isolation. He was essentially bringing to light the airline forcing the customer to buy bundled products.

In the rapidly evolving world of blockchain and decentralized applications, Agoric stands out as a beacon for developers looking to transition from Web2 to Web3. But what exactly is Agoric, and why is it making waves in the developer community? In this exclusive interview with Diego Lizarazo, Director of Developer Relations at Agoric, we delve deep into the heart of Agoric, its newly launched components library, and the vast opportunities that await Web2 developers in the Web3 realm.

N Chandrababu Naidu’s judicial remand has been extended till 5 October, CID lawyer Y N Vivekananda told news agency PTI. The order was passed by a court in Vijaywada.

Securities and Exchange Board of India (Sebi) has informed that the deadline to file a nominee or opt out of it for all individual demat account holders and mutual fund investors ends on 30 September. Sebi has said that failing to comply within deadline will result in frozen accounts and folios. The move by Sebi aims to help investors secure their assets and pass them onto their legal heirs.

The work ID, long used for gaining entry to the office, now has a new job: tracking how long people stay. Bosses are stepping up office surveillance this fall, vowing to use regular reports from badge systems to determine how many people are adhering to the return-to-work policy. Facebook parent Meta Platforms told employees in August that managers will review badge data monthly to assess whether those assigned to an office are meeting a requirement to spend at least three days a week in-person; repeated violations could result in disciplinary action, including termination.

Celebi India may invest around USD 80 million in the business in the next four years as it eyes more airports besides enhancing cargo capacity, a top company executive has said. The company, which offers ground handling services and cargo operations, also plans to switch to an all-electric fleet across the airports it renders services at present, according to Murali Ramachandran, President for India & S-E Asia at Celebi Aviation Holdings, said. The company currently has the mandate to provide ground handling services at nine airports — Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Cochin, Ahmedabad, Mopa (Goa) and Kannur — and handle cargo operations at Delhi airport through a joint venture with Delhi International Airport Ltd (DIAL). «Celebi has already invested around USD 250 million (since its entry in the Indian market in 2007).