Provident Financial News
24.12 / 00:47
markets
Provident
Target
trends
Trade
performer
recommendations
Stocks to buy: Raja Venkatraman recommends three stocks for today — 24 December
Subscribe to enjoy similar stories. On 23 December, the benchmark indices Nifty and Sensex came off their highs during the afternoon session, but managed to close the day in positive territory. This was largely due to a rebound in major stocks like JSW Steel, ITC and Hindalco.
24.12 / 00:47
Provident
Citizens
Enterprise
community
Trade
War
social
Rethinking the purpose of economic policy
Subscribe to enjoy similar stories. 2024 has revealed starkly the insufficiency of 20th century economics to solve problems of runaway climate change, inequitable growth, and the rise of authoritarian governments. Economics became the imperial science for driving public policy in the 20th century.
23.12 / 21:19
markets
Provident
Target
Trade
strain
The Container Store, buffeted by rough housing market, seeks bankruptcy protection
The Container Store has filed for bankruptcy protection, as the storage and organizational goods retailer with roots dating back to 1978 grapples with mounting losses and cash flow shortages
23.12 / 19:51
markets
Provident
Citizens
wellness
social
International
Repressed supply heightens demand
Air India flight last Friday saw a 'record' intake of in-flight alcohol by passengers from the 'dry state', it is this: repressed supply heightens demand. While the value of liquor sold has not been shared by Air India, the fact was that enthusiasm for purchasing 50 ml miniature bottles of a whisky brand for ₹600 and 330 ml of a beer brand for ₹300 was undoubtedly higher than in usual international flights that couldn't be simply explained by Christmas cheer. That Gujarat has a thriving black market for alcohol is well known. While the loss of tax revenue has been estimated to be over ₹16k cr (about $2 bn), the real worm in the bottle has been the hazard posed for many in the form of illicit liquor. By dint of being contraband, no quality control applies to these non-branded concoctions. So, the virtue-signalling in 'dry states' like Gujarat and Bihar is actually viceful. The 'hooch tragedy' claiming 136 lives in Ahmedabad in 2009 still hangs as a warning — not for the dangers of drinking but of prohibition. At a wider level, a 'mai-baap' state treating its citizens as children creates a split-personality citizenry that is moral and amoral at the same time. Whether it be consumption of alcohol or pornography, or gambling, 'sins' have a human tendency of finding dark avenues when prohibited. Instead of 'Gandhian virtue-signalling', efforts should be made to provide safe alcoholic beverages for those who choose to partake in such an adult leisure. To club everyone who imbibes in drink to be a menace — socially or morally, or both — is a recipe for the kind of exaggerated behaviour witnessed on the way to Bangkok.
23.12 / 19:51
markets
Provident
Strategy
Software
Election
Experts
PAM
What's up with the daughter-in-law? Lara Trump to make a big announcement in January withdrawing her name from consideration for Senate seat
Lara Trump removes her name from the US Senate consideration list. The US president-elect Donald Trump's daughter-in-law, Lara Trump, has removed her name from consideration for a Senate seat, as quoted in a report by BBC.
23.12 / 18:25
markets
Provident
Digital
Platform
security
Software
Sustainability
COAI flags burdensome QoS norms, calls for regulation of OTT players
Jio, Bharti Airtel and Vodafone Idea as its members, has said the telecom regulator's newly proposed quality of service (QoS) norms that mandate monthly and site-to-cell level reporting are burdensome.
23.12 / 15:37
markets
Provident
Software
Experts
PAM
Investigations
International
NIA arrests key aide of Khalistani terrorist
Punjab terror conspiracy case, the National Investigation Agency (NIA) on Monday arrested a key aide of Khalistani terrorist Lakhbir Singh alias Landa and gangster Bachitar Singh alias Pavitar Batala, according to an official statement. Jatinder Singh alias Jyoti of district Gurdaspur, Punjab, had been absconding since the arrest of weapons supplier Baljit Singh alias Rana Bhai in July 2024.
23.12 / 15:25
markets
Provident
Target
CEO
Software
President
Experts
The Container Store Files for Bankruptcy: What It Means for Shoppers and Stores
home storage solutions, has filed for Chapter 11 bankruptcy protection. The move comes after the company faced declining sales and increased competition from the larger retailers like Target and Walmart.
23.12 / 14:19
Provident
Fighting
Netflix
Boxing
show
Traffic
Sporting
Can Netflix avoid glitches in its Christmas Day NFL broadcasts?
Subscribe to enjoy similar stories. Netflix’s ability to seamlessly beam movies and TV around the world helped it become the dominant streamer. But in November, the company’s glitch-marred stream of its boxing showcase featuring Mike Tyson and Jake Paul revealed the limits of its technological advantages.
23.12 / 13:05
markets
Provident
Actor
concert
Traffic
International
Dedicated, faster internet plans for concerts, influencers in the offing?
Subscribe to enjoy similar stories. New Delhi/Mumbai: Telecom service providers could consider offering specialized tariff plans with high upload speeds for influencers, live streamers and Instagrammers, as users seek reliable data connectivity when they attend high-profile events like the concerts of Dua Lipa, Coldplay and Ed Sheeran, industry executives and analysts said.
23.12 / 11:03
Provident
Gap
Strategy
wellness
students
Schools
rights
Centre scraps 'no-detention policy' for classes 5 and 8 students who fail to clear year-end exams
no-detention policy' for classes 5 and 8 in schools governed by it allowing them to fail students who do not clear the year-end exams, according to officials. Following the amendment to the Right to Education Act (RTE) in 2019, at least 16 states and two Union Territories have already done away with the 'no-detention policy' for the two classes.
23.12 / 09:49
markets
UPS
Provident
Citizens
Strategy
Software
Top 5-year FD rates for senior citizens : You can get interest up to 8% on these fixed deposits; check full list of banks
fixed deposits are preferred methods to save money. FDs are considered a reliable way to increase your investments as they provide fixed returns. Fixed deposits provide stability and security in contrast to stock market investments, which are susceptible to changes in market conditions.
23.12 / 08:33
Provident
Progressive
community
students
information
Schools
rights
The education imperative: India’s Parliament must tackle its learning challenge
Subscribe to enjoy similar stories. In ancient Indian philosophy, vidya—or wisdom—is celebrated as the ultimate liberator, the force that dispels ignorance and uplifts individuals and societies. From the Vedic chant “Asato ma sadgamaya"—lead me from ignorance to truth—to Mahatma Gandhi’s vision of Nai Talim, education rooted in self-reliance and character building, a broader construct of knowledge has always been central to India’s ethos.
23.12 / 08:33
UPS
Provident
FIVE
Ball
Sustainability
Election
budget 2025
Budget 2025: FM should introduce new tax slab for individuals who adopt renewable energy, reduce carbon emissions
Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman is set to present her second comprehensive budget after the 2024 general elections. The budget proposals are expected to focus on the ongoing theme of helping India transition to the envisioned "Viksit Bharat" of “Amrit Kaal." Hence, the focus will be on employment generation, skill development, and providing relief to a large mass of people distressed by inflation, with the overall objective of pushing up the GDP growth rate.
23.12 / 07:21
UPS
Provident
Digital
Progressive
CEO
wellness
Reality check: Too many outcome shapers seem to be in need of one
Subscribe to enjoy similar stories. Most of one wall was a high-tech digital screen. The very large room was designed for meetings that many would join online.
23.12 / 07:03
markets
Provident
Strategy
Software
Experts
cover
Courts
Excavation in Sambhal uncovers alleged transformation of Hindu temple into Islamic structure, alleges Ram Mandir chief priest
Hindu temple, once located at the site, was allegedly occupied, destroyed, and later transformed into an Islamic structure, alleged Chief Priest of Shri Ram Janmabhoomi Mandir in Ayodhya, Acharya Satyendra Maharaj on Monday.
23.12 / 05:01
Provident
Discover
WhatsApp
reports
Department
Investigations
Fake 'Sunny Leone' gets Rs 1,000 monthly in Chhattisgarh under govt scheme for married women. Here's how
Sunny Leone. Virendra Joshi is accused of receiving Rs 1,000 monthly deposits intended for beneficiaries of the Mahtari Vandan Yojana. This scheme, implemented by the BJP government, provides Rs 1,000 per month to married women in the state. The fraud was discovered in Talur village, Bastar district. District Collector Haris S has ordered an investigation and the seizure of the bank account. Officials stated that media reports brought the fraud to light. The incident triggered a political clash between the ruling BJP and the opposition Congress. State Congress chief Deepak Baij claimed, «over 50 per cent of beneficiaries under the Mahtari Vandan Yojana are fake.»
23.12 / 05:01
markets
Provident
Digital
Software
Election
Schools
These are just election promises: BJP's Shehzad Poonawalla targets AAP's promises ahead of Delhi polls
BJP leader Shehzad Poonawalla on Monday criticized the Aam Aadmi Party (AAP) for its latest promises under the Mahila Samman Yojana and SanjivYojana, accusing the party of failing to deliver on key issues during its 10 years in power in Delhi. Speaking to ANI, Poonawalla questioned the AAP government's track record on pollution control, cleaning the Yamuna, and improving healthcare and education, dismissing the new initiatives as mere «election promises» aimed at winning votes ahead of upcoming elections. «They were in power for 10 years but could not make Delhi pollution-free. They could not clean Yamuna by 2025. They used to talk about good hospitals and schools but could not do it. Now they are making new promises. What were they doing for 10 years?.. These are just election promises made to the public in view of the elections,» Poonawalla said.
23.12 / 04:01
markets
Provident
Analysis
trends
Trade
performer
Updates
Nifty 50 Today Live Updates: Nifty 50 opened at ₹23738.2
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Today Live Updates: The Nifty 50 opened at 23738.2 (0.64%) , 150.7 points higher than the previous closing. Nifty 50 Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels As of the last trading day, the Nifty 50 closed at 23951.7.
23.12 / 02:53
markets
Provident
Reuters
Software
SpaceX
PAM
reports
Palantir, Anduril join forces with tech groups to bid for Pentagon contracts: reports
Palantir Technologies and defense tech company Anduril Industries are in talks with about a dozen competitors to form a consortium that will jointly bid for U.S. government work, the Financial Times reported on Sunday. The consortium, which could announce agreements with other tech groups as early as January, is expected to include SpaceX, OpenAI, autonomous shipbuilder Saronic and artificial intelligence data group Scale AI, the newspaper said, citing several people with knowledge of the matter. «We are working together to provide a new generation of defence contractors,» a person involved in developing the group told the newspaper.
23.12 / 02:53
markets
Provident
Manufacturing
Parke
Trade
country
Pharmaceuticals
Which pharma companies will benefit from latest government policies? Sumit Gupta explains
Sumit Gupta, AVP-Research, Centrum Broking, says the government is providing a push towards manufacturing and R&D. Indian pharma has technical know-how. Now, the government wants to do technical ‘know-why’. Say Indian companies are currently doing CDMO manufacturing for MNC players. The government wants us to do R&D, build on some basically blockbuster drugs and then outsource that to some other countries. In one of your recent reports, you say that the government policies are expected to aid the long-term growth of the pharma space. The government is focusing on the R&D side, they are focusing on building and promoting bulk drug parks. How do you see the domestic companies benefit out of the same and amongst this whole sector, which particular segment is expected to benefit the most? Sumit Gupta: The government is focusing on promoting R&D and manufacturing in the pharmaceutical sector and these policies will be catering to or helping the overall sector for the medium to long term. So, the policies like bulk drug parks or the PLI for the pharma scheme or PLI for manufacturing critical APIs, drug intermediaries and KSMs or PLL for medtech. These are some of the sectors which are expected to benefit from government schemes.
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