Provident Financial News

The laws do not bestow on shareholders of a company an inherent right to participate in its management; it is the board with which governance and oversight of management is entrusted. Shareholders, especially public shareholders, inevitably have to depend on the disclosures made by entities to the bourses.

Chandrababu Naidu, his legal team moved two pleas in the High Court — one seeking quashing of the case and another a bail petition. They are likely to come up for hearing on Wednesday. The former chief minister was arrested for his alleged role in a multi-crore Skill Development Corporation scam and is currently lodged at Rajamahendravaram central prison after the court in Vijayawada remanded Naidu in judicial custody for 14 days on Sunday. On Monday, a team of lawyers headed by senior counsel Siddharth Luthra representing Naidu had filed a petition to grant house custody to the former CM, citing threat perception.

Mines Ministry on Tuesday approved a 25% (of the approved cost) incentive for exploration of critical minerals in the country. In a post on social media, Mines Minister Prahlad Joshi said, «This incentive will be provided through National Mineral Exploration Trust and will help in the discovery of critical minerals in the country.» Exploration agencies from both public and private sectors can avail this financial incentive on successful discovery of critical minerals in the projects, Joshi added. This move is in line with recently approved amendments to the Mines and Minerals (Development and Regulation) Act, 1957.

Nyoma Airfield in Eastern Ladakh virtually, Defence Minister Rajnath Singh on Tuesday said that one of the world's highest airfields will boost the air infrastructure and would prove to be a game-changer for the Armed Forces. The Nyoma Airfield will be built at a cost of around Rs 200 crore and is located just 35 km from the Line of Actual Control (LAC) in the Eastern Ladakh sector. The Defence Minister was dedicating to the nation, the 90 infrastructure projects of the Border Roads Organisation (BRO), at an event here in Jammu. The projects are worth over Rs 2,900 crore and spread across 11 states/Union Territories. These include the Nechiphu Tunnel in Arunachal Pradesh; two airfields in West Bengal; two helipads; 22 roads and 63 bridges.

By Prerana Bhat

Rajnath Singh on Tuesday called upon domestic defence companies to invest more in research and development for India to keep pace with the evolving world. Addressing the North-Tech Symposium, jointly organised by the army's Northern Command, the Society of Indian Defence Manufacturers (SIDM) and IIT-Jammu, Singh described the country's defence manufacturing sector as «imaginative, innovative, dynamic and progressive». «Though research and development (R&D) is a risky venture as it requires out-of-the-box thinking and sometimes does not give desired results, it still remains one of the basic elements for the development of any country,» he said.

Shareholders of Godfrey Phillips India have rejected the company's proposal for a related party transaction to annually export unmanufactured tobacco worth up to Rs 1,000 crore to Philip Morris Products SA. Philip Morris Products SA is a member entity of the group to which Philip Morris Global Brands Inc, USA — a promoter shareholder of the company. As many as 57.94 per cent of the shareholders present at Godfrey Phillips India's annual general meeting on September 1 voted against the «material related party transaction between the company and Philip Morris Products SA». The proposal was to continue supplying unmanufactured tobacco to Philip Morris Products SA on an arm's length pricing and non-exclusive basis, subject to the condition that the aggregate value of the sale/export of the unmanufactured tobacco is up to Rs 1,000 crore in a financial year. The resolution was supported by only 42.06 per cent of the total votes polled in the AGM.

Household products and personal care sector can generate up to an additional USD 62 billion in annual business value by 2030 if it makes nature a central focus of its operations, a new research by the World Economic Forum (WEF) said on Tuesday. The projection is part of a broader USD 10.1-trillion business opportunity that could be unlocked by 2030 if more nature-positive solutions are embraced by the private sector, the WEF said. By emphasising on water stewardship, responsible sourcing, nature conservation, and circularity, household products and personal care sector can reshape its role in halting and reversing nature loss by 2030, the research titled Nature Positive: Role of the Household and Personal Care said. The sector currently generates around USD 700 billion in annual revenue, but sometimes at the expense of the environment. For instance, the cosmetics industry alone produces 120 billion packaging units a year.

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Sri Lanka in the Asia Cup Super Four match in Colombo on Tuesday. Sri Lanka's 20-year-old left-arm spinner Dunith Wellalage took the first five-wicket haul of his ODI career, while off-spinner Charith Asalanka snapped up four wickets to run through the Indian batting line-up. After winning the toss and electing to bat first, India's opening duo of Rohit Sharma and Shubman Gill yet again provided a solid start to the inning. Before Gill became the first victim of Wellalage, both the openers added 80 runs on the board. Virat Kohli's struggles against left-arm spin continued as he handed an easy catch off Wellalage at the short mid-wicket.

Last year I concluded that as a scientist I finally needed to study what effect this decision was having on me and decide whether I should stick to veganism for life or give it up. By conducting a «self-experiment,» the results of which were recently published in Physiology and Behaviour, I found that veganism had benefits for my waistline, did not reduce the pleasure I derived from eating, and — contrary to some previous research that suggested a vegan diet could increase the risk of depression — had no effect on my mental health whatsoever. For most of my adult life, I'd dabbled with pescatarian and vegetarian diets, but they never fully stuck. Then single at the beginning of 2020, I was on a dating app looking for love and met the vegan school teacher.

refrigerator in India, you're in luck. We've compiled a list of the top refrigerators that cater to various needs and preferences. Whether you have a large family to feed, are conscious about energy consumption, or simply want the latest in smart appliances, this guide will help you make an informed decision.

G20 Summit concluded with a successful adoption of declaration after bringing all the G20 leaders into common ground. Apart from the diplomatic success, the whole summit served as a platform to highlight India's rich culture and heritage. G20 summit's main aim was to introduce the global leaders with India's rich culture and heritage.

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macroeconomic uncertainties and greater deal scrutiny by clients. A recent ICICI Securities report pointed out that revenues of most SaaS companies topped guidance in the June quarter. Combined revenues of the top five global SaaS companies by revenues—Salesforce, Intuit, ServiceNow, Workday and Atlassian—grew 14% on a year-on-year basis.

India vs Sri Lanka, Asia Cup 2023: India is in trouble against Sri Lanka at the R. Premadasa Stadium in Colombo. The middle and lower order batsman couldn't capitalize on the strong start provided by the openers Rohit Sharma and Shubman Gill.