Provident Financial News
10.09 / 06:35
UPS
Provident
show
country
Sunak
G20 Summit: PM Rishi Sunak announces UK's biggest ever aid of $2 billion to Green Climate Fund
G20 Summit in India nears its commencement, said the British High Commission in India. The UK will provide USD 2 billion to the Green Climate Fund (GCF) which is the biggest single funding commitment the UK has made to help the world tackle climate change, which was established by 194 countries following the Copenhagen Accord at COP15.
10.09 / 06:33
Provident
Citizens
love
Parents can reclaim property if children fail to provide promised care, rules High Court
«Parents can unilaterally cancel the settlement deed if there is just a mention that it is being given to them out of love and affection,» said Justice S M Subramaniam. Justice S M Subramaniam, in delivering the verdict, emphasized that parents have the right to unilaterally cancel a settlement deed if it is explicitly stated that the property is being transferred out of love and affection for their children. According to Justice S M Subramaniam, the mere mention of executing the deed out of love and affection and for the benefit of the children satisfies the requirements under The Maintenance and Welfare of Parents and Senior Citizens Act. The judge further clarified, «Love and affection being the consideration for the execution of a gift or settlement deed, it becomes a deeming consideration, and any violation is a ground to invoke the act.
10.09 / 05:15
UPS
Provident
Manufacturing
Fighting
Shell
country
Arsenal
Russia is turning to old ally North Korea to resupply its arsenal for the war in Ukraine
Russia needs to replenish its supplies of ammunition for what could be a long war of attrition. Along with ramping up its domestic arms production, Moscow is turning to an old ally with a vast arsenal — North Korea. Estimates say the reclusive and isolated Asian country has tens of millions of artillery shells and rockets that could give a huge boost to the Russian army. United States officials expect North Korean leader Kim Jong Un to visit Russia in the coming days to seal a possible deal on munitions transfer with President Vladimir Putin.
10.09 / 05:07
Provident
Target
Booking
NIFTY
performer
stage
RIL shares blinking buy after breakout on daily chart: Kunal Shah
RIL, Canara Bank and Tata Motors DVR are top 3 trading ideas of the week by Kunal Shah, Senior Technical & Derivative analyst at LKP Securities. "Reliance Industries has recently experienced a breakout on the daily chart, accompanied by a significant surge in trading volumes. This breakout suggests renewed bullish momentum in the stock," he says. Edited excerpts from an interview:Given the broad-based buying seen in the market last week, do you think Nifty will easily scale the 20,000 peak ignoring all the concerns around the spike in crude oil price and dollar? What are the targets?The market is currently characterized by bullish momentum, driven by increased participation from large-cap stocks.
10.09 / 05:03
Provident
Digital
Cooper
Progressive
Dreams
country
audience
G20 Summit: ‘Game-changing regional investment,’ says Joe Biden on India-Middle East-Europe Economic Corridor
Also Read: G20 Summit: 'G20 can still drive solutions to our most pressing issues,’ says US President Joe Biden “Charting a journey of shared aspirations and dreams, the India-Middle East-Europe Economic Corridor promises to be a beacon of cooperation, innovation and shared progress. As history unfolds, may this corridor be a testament to human endeavour and unity across continents," PM Modi wrote on ‘X’ on Saturday. During the G20 Summit, Prime Minister Narendra Modi unveiled a groundbreaking initiative in collaboration with the United States, Saudi Arabia, and the European Union.
10.09 / 05:03
Provident
Software
UBS
Telstra
Meet Telstra’s advisory line-up for Versent tilt
There was no rest for Telstra’s bankers this weekend as they bunkered down to finalise a bid for Versent, the loss-making cybersecurity play on the market via Goldman Sachs.
10.09 / 04:29
10.09 / 04:17
COST
Provident
Strategy
NIFTY
etmarkets
Learn With ETMarkets - Options Demystified 506 – Iron Condor
option strategies, explaining Tara the concepts of Strangles and Short Strangles. She also pointed out a significant drawback of short strangles, where a trader is exposed to unlimited risk, and a substantial directional market move can seriously dent their trading capital. To address this concern, Maya suggested two alternative approaches to Tara: using stop-loss orders or transforming both sold options into credit spreads by purchasing far out-of-the-money (OTM) options. This transformation turns the short strangle into a well-known strategy known as Iron Condor.Iron Condor: Tara, intrigued by the idea, asked Maya to elaborate on the Iron Condor and its popularity. Maya, appreciating Tara's enthusiasm for exploring new trading strategies, gladly obliged.
10.09 / 04:17
Provident
Digital
NASDAQ
Strategy
country
NOT
Not just equity, look at gold as an asset class to diversify now: Sahil Kapoor
Sahil Kapoor, Head of Products & Market Strategist, DSP Mutual Fund, says “gold returns and equity returns are not very far off. If you manipulate the data a lot more, they will get even closer or gold will beat. But the reality is that gold has trailed equity return in India, but by a very slim margin. So, it makes sense to mix these assets together. Not just equity sectors but look at gold also as an asset class to diversify into.”You were making a case whether it is just an India market specific headwind which you see or globally too, things could get shaky in the middle.I think there are pockets in the US which are quite pricey. When you look at technology as a space, trading at 25-26 times trailing earnings, they are not cheap. History says that when you buy them, Nasdaq over a 3-year period hardly makes any money. Similarly, US largecaps are trading at 20 times trailing earnings and so not very cheap.
10.09 / 04:15
Provident
Manufacturing
Platform
country
IIT Council signs MoU with Association of American Universities to establish Indo-US Global Challenges Institute
G20 summit being held in New Delhi. According to a statement on Sunday, the institute will seek to address some of the most consequential economic, environmental, and technological challenges that have the potential to affect the security, prosperity, and stability of both countries.
10.09 / 03:59
Provident
Citizens
Monarch
country
Eiffel Tower lights turned off: Paris pays tribute to Morocco earthquake victims
Paying tribute to the victims of Morocco earthquake, Eiffel Tower's lights were turned off on Saturday in Paris, France. The light of the world famous tower were turned off at 11 pm. Notably, Morocco has witnessed one of its deadliest earthquakes in decades.
10.09 / 03:25
Provident
Celebrity
Sunak
UK PM Rishi Sunak offers prayers at Delhi's Akshardham temple
Rishi Sunak, Prime Minister of the United Kingdom (UK), offered prayers at Akshardham Temple on Sunday morning. Sunak left the Akshardham Temple grounds after praying to follow international leaders to Rajghat. Extensive security measures were put in place in and around the temple ahead of the UK Prime Minister's visit. The UK Prime Minister stated on Saturday that he will visit Delhi's Akshardham shrine today. Rishi Sunak also expressed the hope that he will have time to visit a temple while in India for the G20 Summit. He has stated that he has «enormous respect» for Prime Minister Modi and is eager to assist him in making the G20 a huge success. «I am a devout Hindu.» That's how I was raised and still am.
10.09 / 03:13
Provident
Aware
A Minnesota meat processing plant that is accused of hiring minors agrees to pay $300K in penalties
A meat processing company in Minnesota will pay $300,000 in penalties for employing children as young as 13 to work in hazardous conditions
10.09 / 03:05
COST
UPS
Citi
Provident
Remark
boost
Rate Cut
How an immediate rate cut can boost India’s economy
India’s real estate sector is poised for remarkable growth, projected to reach a value of US$ 1 trillion by 2030 and contribute 13% to the GDP by 2025, as per the IBEF report. The rebound in 2022, with a 68% surge in home sales across the top eight cities, underlines a resilient comeback. Post-COVID, the sector emerges as a significant job creator, offering diverse opportunities and aiding economic recovery. Amid these dynamics, the pivotal role of repo rates comes to attention.
10.09 / 03:05
10.09 / 03:05
UPS
Citi
Provident
BLOCK
country
cover
Morocco earthquake kills more than 2,000 people, survivors sleep rough
Moroccan earthquake survivors huddled for a night in the open on the High Atlas Mountains on Saturday, a day after the country’s deadliest quake in more than six decades killed more than 2,000 people and laid waste to villages. Neighbours were still searching for survivors buried on the slopes, where houses of mud brick, stone and rough wood were cracked open and mosque minarets toppled by the quake that struck late on Friday. The historic old city of Marrakech also suffered extensive damage.
10.09 / 01:35
Provident
Man
Progressive
Adventure
stage
cover
blues
One Piece The Seven Warlords: Here’s all you need to know about warlords in the anime
Netflix's «One Piece» Season 1, although covering only a portion of the vast One Piece anime, managed to lay the groundwork for a rich and expansive world. The live-action series gave a nod to crucial characters and organizations from Eiichiro Oda's manga, notably the Seven Warlords of the Sea, also known as the Shichibukai.
10.09 / 00:43
Provident
Mobile
audience
India vs Pakistan, Asia Cup 2023: Weather forecast, timing, playing XI, livestreaming details and more
Babar Azam recently surpassed Virat Kohli's record of the fastest 2,000 runs in an ODI and that will provide the Pakistan skipper with much-needed confidence ahead of the crucial match. The fans may get disappointed after reading this but as per Weather.com, there are 90% chances of rain in Colombo on Sunday. But, this time the match will not get washed out as the Asian Cricket Council (ACC) has decided to keep a reserve day.
09.09 / 19:17
Provident
Citizens
Manufacturing
CEO
Align
country
Bharat 6G Alliance inks pact with Next G Alliance to explore 6G wireless technology for telecom sector, supply chains
Alliance and the Bharat 6G Alliance announced on September 9 they have signed a memorandum of understanding (MoU) to explore collaboration opportunities on 6G wireless technologies. The work will encompass aligning research and development priorities that support a common 6G vision and creating secure and trusted telecommunications as well as resilient supply chains, according to the statement. Launched by the ATIS, the Next G Alliance is an initiative to advance North American wireless technology leadership over the next decade through private sector-led efforts with the initial focus on 6G.
09.09 / 19:03
Provident
Ball
Platform
Gap
country
exclusive
NOT
Rugby World Cup 2023: Why is Canada not there? Here are all insights you need to know
absence of Canada from the Rugby World Cup 2023 has left many rugby enthusiasts wondering what went wrong. For a nation that has a history of rugby, what led to their exclusion from Rugby World Cup 2023? Let's delve into the factors that reportedly contributed to this unexpected turn of events.
09.09 / 18:55
UPS
Provident
Continental
stage
country
The African Union is joining the G20, a powerful acknowledgement of a continent of 1 billion people
The decision by the Group of 20 of the world’s leading economies to admit the African Union as a permanent member is a powerful acknowledgement of Africa as its more than 50 countries seek a more important role on the global stage
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