Provident Financial News

tax returns is open until April 2025, fueling aggressive marketing efforts, often from firms that didn’t exist a few years ago. Emails, texts and broadcast ads trumpet promises to help employers secure up to $26,000 per employee. Whether employers actually qualify under the law is what’s tricky; the answer depends on each situation.

WSB Real Estate Partners has raised over Rs 850 crore through its residential property debt fund WSB Real Estate Debt Fund II (WSBREDF II) surpassing its initial target commitment of Rs 500 crore The total commitment includes the fund and an option to its investors to co-invest in specific transactions. The fund will focus on investing, through structured debt, in residential real estate projects serving the mid-income and affordable housing segment across select tier I cities and look to partner with developers with robust execution and delivery track record. The fundraise has witnessed active participation from including large family offices, corporates, offshore investors, and high networth individuals (HNIs). “This is a testament to the investors’ confidence in our ability to identify and execute real estate opportunities for providing attractive risk-adjusted returns. In the current fund,WSBREDF II, over two-thirds of the fund is deployed across 12 transactions, securing two exits with a 23% gross internal rate of return (IRR),” said Kaushik Desai, managing partner and investment committee member of WSB. The fund has partnered with developers including Bollineni Group, Shapoorji Pallonji and Jain Housing. According to Desai, over 12,000 homes have been developed and delivered through its portfolio projects in the last 4-5 years across over 40 projects. Since its inception in 2013, WSB Real Estate Partners has managed and committed over Rs 2,000 crore of debt capital to the residential real estate space.

Australia’s critical minerals alliance with the United States will be bolstered after American giant Albemarle won over the Liontown Resources board with a $6.6 billion offer, and Mineral Resources snatched the Bald Hill mine from the clutches of a Chinese-linked bidder.

MPs) belonging to the newly established Indian National Developmental Inclusive Alliance (INDIA). Speaking on these developments, KC Venugopal stated, "Kharge ji also called a meeting of MPs of like-minded opposition parties," reported Hindustan Times. He further stated that the meeting would involve discussions on the agenda for the forthcoming session.

WABetaInfo, the recent updates for WhatsApp beta on iOS (version 23.18.1.70) and Android (version 2.23.18.21) have introduced a new toggle option for the instant video messaging feature. This toggle allows users to manually enable or disable the feature within the app's settings. When turned off, users can switch to sending voice messages instead.

Maharashtra Real Estate Regulatory Authority (MahaRERA) has finalized the criteria for the proposed grading of housing projects in the state to be known as MahaRERA Grading Matrix. The grading of projects will be undertaken to make it easier for homebuyers to select the right project. MahaRERA is the first real estate authority in the country to undertake the exercise to rate the projects this way and is planning to grade the project initially and then the promoters. Housing projects registered after January 2023 will be eligible for the rating to be announced every six months starting April 2024 and for this, details from October 1 to March 2024 will be taken into consideration. This rating will be determined automatically by the technology department of MahaRERA based on the information shared by the developers with the regulator. Therefore, it is the sole responsibility of the developers to provide proper information to the regulator and update it as per regulatory provisions, MahaRERA said in a release. The regulator released a detailed consultation paper seeking suggestions and objections regarding the criteria and the rating exercise on June 16. Maharera has now taken the final decision based on the suggestions and objections received in this regard and giving priority to the interests of the consumers.

The protestors are demanding to stop the Cauvery water release to Tamil Nadu after the Cauvery Water Regulation Committee (CWRC) passed an interim order asking Karnataka to release 5,000 cusecs of water to Tamil Nadu daily for the next 15 days. Karnataka Deputy Chief Minister DK Shivakumar on Friday said that in the Cauvery Water Management Authority (CWMA) meeting which was held regarding the water-sharing issue, Tamil Nadu insisted that 24 thousand cusec water should be released but the state representatives had convinced the Supreme Court of the situation in Karnataka. Karnataka Deputy CM DK Shivakumar said, «We argued that we cannot release 24 thousand cusecs of water. The CWMA had ordered to release of five thousand cusecs of water.

Italian engineering group Webuild was facing losses of $4 billion-$5 billion on Snowy 2.0 before the contract was restructured, a move that pushed its price up to about $12 billion, according to Snowy Hydro chief executive Dennis Barnes.

Honda Cars has officially entered the compact SUV segment with the launch of the Elevate SUV. The all new Honda Elevate comes at a starting price of ₹10,99,900 (ex-showroom). Whereas, the top end variant will be available for ₹16 lakh (ex-showroom).

Danish drugmaker Novo Nordisk has launched its weight-loss injection Wegovy in Britain in a bid to expand its presence in the region and keep up with rising demand. The company said that Wegovy will be available in the UK ‘through a controlled and limited launch’. Wegovy has been shown to help patients reduce their body weight by around 15 percent when paired with exercise and lifestyle changes.

RBI) projection of 8%. Several economists were also expecting higher growth. Meanwhile, a few economists pointed out that statistical peculiarities may have inflated NSO’s growth estimates.

NSW Premier Chris Minns has rubbished claims it would cost taxpayers $3 billion to keep the giant Eraring coal-fired power station running for two years beyond its current used-by date to fill supply gaps as the state transitions to more renewable energy.

The competition watchdog says the Albanese government should act on recommendations to overhaul how take off and landing slots are managed at Sydney Airport, the country’s busiest, backing the findings of a review conducted by former productivity commissioner Peter Harris and calls from airlines and airports.

IDFC First Bank jumped 5.4% to hit a 52-week high of Rs 98.5 in Monday's trade on BSE after US-based GQG Partners bought a stake in the private lender through bulk deals on Friday. According to exchange data, GQG Partners has picked up 17.1 crore shares or 2.58% stake in the lender for about Rs 1,527 crore. The transaction was done at Rs 89 apiece. Meanwhile, Warburg Pincus affiliate Cloverdell Investment has sold a 4.2% stake in the company.

Hyundai Motor on Monday launched the N brand's first all-electric model, the Ioniq 5 N, in the domestic market as it accelerates its transition to a future mobility solutions provider. The Ioniq 5 N, first unveiled at the 2023 Goodwood Festival of Speed in Great Britain in July, comes with an 84 kWh battery pack and can accelerate from zero to 100 kph in 3.4 seconds, the company said in a statement. The new model represents a new segment of driver-focused high-performance EVs since it boasts advanced cornering and racetrack capabilities as an everyday sportscar, reports Yonhap news agency. It is priced at $58,000 after individual consumption taxes and tax benefits given to environment-friendly vehicles. It can travel about 350 kms on a single charge, the statement said. Ioniq 5 N combines the standard Ioniq 5 model's electric global modular platform (E-GMP) with N's motorsport-bred technologies.

After all, a complete kit helps you prepare for your cricket game in the best possible way while minimising the risk of injuries commonly associated with the sport. From batting pads and helmets to batting gloves and abdominal guards, these kits have everything you need to keep yourself safe on the pitch. Dive into this article, find your ideal cricket kit, and unleash the full potential of your cricketing talent.

Wind farm developers in NSW say their projects are being stalled by approval delays, community objections and slow connections to the power grid, putting at risk investments needed to help retire coal and reach Australia’s renewable energy targets.

Insurance Regulatory and Development Authority of India (IRDAI) has approved changes to withdrawn life insurance policies that will benefit existing customers. The IRDAI's circular is a big step towards protecting the interests of existing policyholders. According to the Irdai circular dated September 1, 2023, “ IRDAI has introduced measures allowing more choices and benefits for policyholders with withdrawn life insurance products. Effective immediately, this applies to products which are no longer available for sale but still have existing policies serviced by insurers”. The primary goal of this circular is to give existing policyholders more flexibility while protecting their interests.The key provisions include:

Coal India share price rose 5 per cent in morning trade on BSE on Monday, looking set to extend its winning run into the third consecutive session. The stock opened at ₹238.05 against the previous close of ₹236.85 and rose 4.7 per cent to ₹248.90 in trade so far. The stock traded 5.05 per cent higher at ₹248.80 on BSE around 11:35 am.

OpenAI has released a new guide to assist teachers in effectively using its AI chatbot, ChatGPT, in the classroom. The guide includes suggested prompts, explanations of ChatGPT's operation and limitations, information on AI detectors' effectiveness, and discussions on biases. "We’re releasing a guide for teachers using ChatGPT in their classroom -- including suggested prompts, an explanation of how ChatGPT works and its limitations, the efficacy of AI detectors, and bias," stated OpenAI in a blog post.