Provident Financial News
03.09 / 17:47
Provident
Extreme
Action
Discover
Adventure
New CBDT rule on I-T raids opens a pandora’s box
Hindi movie Raid was loosely based on the income tax (I-T) search operations at the house of a Kanpur-based businessman. In the movie, the protagonist and his team were able to find undisclosed cash and jewellery hidden in the civil structure of the premises. In reality, such a discovery is incriminating enough to justify the additions in the tax assessment pursuant to the search action. But what happens if no incriminating material is found during the search? Is any addition in the assessment then justified? The answer is clearly in the negative.
03.09 / 17:11
Citi
Provident
Man
Waters
social
Stranded
One death reported at Burning Man, thousands stranded in mud and rain
(Reuters) — Nevada authorities on Sunday said they were investigating one death after a severe rainstorm left tens of thousands of revelers attending the annual Burning Man festival stranded in mud, and asked that they shelter in place and conserve food and water.
03.09 / 17:01
UPS
Provident
Delhi government raises questions over secretary-level salaries paid to non-official members of DDCD
Delhi government has raised questions over secretary-level salaries paid to three non-official members of the DDCD and sought an explanation from the finance and planning departments over it, officials said on Sunday.
03.09 / 16:47
03.09 / 15:45
Provident
SEC
Walmart
Daimler
country
stake
Walmart pays $3.5 billion to hike stake in Flipkart
₹28,953 crore) to acquire shares from its non-controlling interest holders in first half of 2023, said a report by PTI citing Walmart’s statement. During the first half of 2023, Flipkart received $700 million related to new rounds of equity funding for its subsidiary PhonePe, said the Bentonville-based Walmart in a US Securities & Exchange Commission (US SEC) filing. “During the six months ended July 31, 2023, the company paid USD 3.5 billion to acquire shares from certain Flipkart noncontrolling interest holders and settle the liability to former noncontrolling interest holders of PhonePe"said the report quoting Walmart’s US SEC filing.
03.09 / 15:45
Provident
Racing
COP
shootings
show
exit
US cops shoot black pregnant woman dead as she refuses to exit car | Watch
Ta’Kiya Young – a pregnant black woman in Ohio – was shot dead last week after refusing to exit her car. Bodycam footage shows a police officer accusing her of theft and repeatedly demanding that she get out of vehicle. As Young protests, a second officer standing in front of the car joins his shouts for her to exit the car.
03.09 / 14:41
UPS
Provident
BLOCK
Aviat
show
voice
‘It’s inexplicable’: AFR readers want answers on Qatar-Qantas decision
Readers of The Australian Financial Review believe the federal government has failed to provide a satisfactory explanation for blocking Qatar Airway’s application to put on more international flights to Australia – a move that favours Qantas.
03.09 / 14:27
Provident
Southern
Duke
show
performer
stage
week
College Football Week 1 Recap: Check latest scores, standings, top 25 schedule & more
college football season, Week 1 witnessed thrilling matchups involving all top 25 teams from the preseason AP Poll. The headline event saw Colorado causing a major upset by defeating No. 17 TCU in Deion Sanders' debut as the Buffaloes' head coach. Scores, statistics, and TV information for all the top 25 games during Week 1 are detailed below. Additionally, we'll recap the preseason rankings to provide context for these exciting developments.
03.09 / 13:47
Provident
Man
Shell
Govt committed to providing reservation to Maratha community, says Maharashtra CM Shinde
n the state. We will not sit quiet until the community get its due reservation," PTI reported quoting Shinde. "Till the Maratha community gets reservation, the government schemes that are already in place will continue and deserving people from the Maratha community will benefit from it," Shinde added.
03.09 / 13:45
UPS
Provident
FIVE
social
5 million bees swarm Ontario road after beehive truck mishap
Ontario, Canada, were faced with a frantic situation when approximately five million bees were accidentally released when a truck carrying crates of beehives fell on a Burlington roadway. The mishap occurred when the straps securing the beehive crates became loose, leading to a ‘bee spill’ on the morning of August 30. The incident occurred in Burlington during the shift of Halton Regional Police Constable Ryan Anderson, who reported receiving a distress call soon after 6 a.m. Local law enforcement responded by issuing a social media alert advising residents and drivers to avoid the area. Thankfully, the local community came to the rescue, with perhaps six or seven beekeepers offering to assist retrieve and protect the displaced bees. «Within a couple of hours,» Anderson said, «the majority of the bees had been safely returned to their hives within the crates and were loaded back onto the trailer.» Michael Barber, proprietor of Tri-City Bee Rescue in Guelph, was among the volunteers who responded to a call from the police at 7 a.m.
03.09 / 13:45
Provident
Man
Shell
My government committed to providing reservation to Maratha community: Maharashtra CM Eknath Shinde
Eknath Shinde on Sunday said his government was committed to providing reservation to this community in education and government jobs. Talking to reporters after attending a state function in Buldhana district, around 450 km from here, he also said that there was no misunderstanding between him and two deputy chief ministers in the state and that all of them were working as a good team. «My government is committed to giving reservation to the Maratha community in the state. We will not sit quiet until the community get its due reservation,» Shinde said.
03.09 / 13:45
UPS
Provident
Airlines
performer
Go First and Jet Airways lose airline codes for being non-operational
Go First and Jet Airways airlines, as both have now lost their airline codes for being non-operational, reported the Financial Express. The two-letter designator codes G8 and 9W, assigned by the International Air Transport Association (IATA), a global trade association of the world’s airlines, stand withdrawn for both airlines. «One of the requirements for a company to be eligible for an IATA two-letter designator is that the airline needs to be operating,» FE quoted the head of communications at IATA as saying. «As Go First ceased to operate commercial flights in early May 2023, it is currently not eligible for the IATA two-letter designator. The same applies to the 9W designator as well,» he further added. The withdrawal of the airline code would lead to disruptions in ticketing, reservations, and baggage handling operations for these airlines.
03.09 / 12:05
03.09 / 11:57
03.09 / 11:45
Provident
GBP
country
cover
reports
Tata Steel in advanced talks to secure funds for UK plant: Reports
Tata Steel is in advanced talks with the UK government to agree around GBP 500 million in state-backed funding to secure the future of its Port Talbot plant in South Wales, according to UK media reports this weekend. The Indian steel major has been in long-drawn discussions related to the critical green transition of the UK's largest steelworks, involving thousands of jobs in the country's steel industry. According to a 'Sky News' report on Saturday, both sides are now close to agreeing a deal that would commit millions to the future of the Port Talbot steelworks. «Tata Steel is continuing to discuss with the UK government a framework for continuity and decarbonisation of steel making in the UK amidst very challenging underlying business conditions given that several of its heavy end assets are approaching end of life,» a Tata Steel spokesperson told PTI, when asked about the development. «Given the financially constrained position of our UK business, any significant change is only possible with government investment and support, as also seen in other steel making countries in Europe where governments are actively supporting companies in de-carbonisation initiatives,» the spokesperson said.
03.09 / 11:45
Provident
Microsoft
Google
Software
Inside
Microsoft to phase out WordPad, a longtime windows app
Microsoft has announced plans to phase out WordPad, a nearly three-decade-old component of the Windows operating system. This decision, made earlier this week, has cast doubt on the future of this native word-processing tool. WordPad, which has been a part of the Windows operating system since Windows 95, has had an incredible 28-year existence.
03.09 / 11:45
Provident
Target
Manufacturing
Action
Remark
performer
Apollo recalls Phantom Electric Scooters as loose bolt raises injury concerns – Affected models listed
electric scooter manufacturer, Apollo Imports, has initiated a product recall due to safety concerns surrounding a potentially hazardous loosening bolt. The recall, prompted by the Consumer Product Safety Commission (CPSC), targets Apollo's Phantom Electric Scooters produced in China. The identified issue impacts the Phantom V1, V2, and 60V electric scooter models, which were available for purchase from June 2021 to May 2023.
03.09 / 11:37
Citi
Provident
Extreme
Gap
Sony
rock
'Darwaze pe dastak', food vigil by mess workers: Kota police's new attempt at checking student suicides
Kota (Raj): Rocked by a spate of student suicides, the coaching hub of Kota is roping in wardens, mess workers and tiffin service providers to look for any signs of depression or stress among the students staying in hostels and PG accommodations. While the wardens are being encouraged to participate actively in the 'Darwaze pe dastak' (knock on door) campaign, the city police has urged the mess workers and tiffin providers to report if a student is repetitively absent from the mess and skipping meals or anyone's tiffin is found unconsumed. «We have launched a campaign called 'Darwaze pe dastak' where we are encouraging wardens to make it a routine to knock on each students' door at around 11 pm, ask them if they are okay, notice their activities, and keep a vigil just to ensure that there are no signs of stress, depression or abnormal activity. »After coaching, the students spend maximum time in hostels, and hence wardens should be the first one to notice the signs," Chandrasheel Thakur, ASP, Kota told PTI. Over 2.5 lakh students move to Kota annually to prepare for competitive exams such as the Joint Entrance Exam (JEE) for engineering and the National Eligibility-cum-Entrance Test (NEET) for admission to medical colleges. The year 2023 saw the highest number of student suicides — 22 so far — with two ending their lives in a gap of a few hours on August 27.
03.09 / 11:03
UPS
Provident
Target
Waters
Enterprise
Roc Partners tows Vic Business Growth Fund into Skyline Building Group
The Victorian Business Growth Fund, which is managed by Sydney private equity investor Roc Partners, has cut a cheque for insurance repair specialist Skyline Business Group.
03.09 / 10:55
Provident
litecoin
CoinMarketCap
LTC
Litecoin Price Prediction
Litecoin Price Prediction as LTC Becomes Top 10 Most Traded Coin in the Market – Can LTC Reach $1,000?
Amidst the dynamic cryptocurrency landscape, Litecoin (LTC) is garnering attention, not only for its appreciable price movement but also for its soaring trading volume, placing it among the top 10 most traded coins.
03.09 / 10:31
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