Provident Financial News

Crisil Dynamic Asset Allocation Index (45% Equity, 45% Debt, and 10% Liquid). The asset allocation (between debt and equity) of the fund will be more dynamic/active in nature. It is based on an in-house quantitative model with limited qualitative input from the fund manager and aims to optimize risk return.

solar observatory mission, Aditya L-1, from its premier satellite launch centre Sriharikota, off the coast of Andhra Pradesh. If successful, India will become the fourth country to place a spacecraft in an orbit around the Sun-Earth Lagrangian point, termed L1, after the US, Europe and China, top solar scientists said. Earlier, USA’s National Aeronautics and Space Administration (NASA) and European Space Agency’s (ESA’s) joint mission Solar and Heliospheric Observatory (SOHO) and China’s Chang’e-5 extended mission have reached L1.

Aditya L1 Mission LIVE: India will aim for the Sun on Saturday with its maiden Solar expedition as ISRO's trusted PSLV will carry the Aditya L1 mission on a 125-day voyage to the Sun. The 23.10 hour countdown for the launch of Aditya L1 onboard PSLV C57 commenced on Friday, ISRO said.

Jump Trading’s digital asset unit, Jump Crypto, appears to be scaling back after a handful of the company's specialists fled to start building a separate blockchain project.

The Financial Industry Regulatory Authority Inc. has censured and fined a New Jersey-based broker-dealer and its chief compliance officer for allegedly violating the compliance and care obligations of Regulation Best Interest.

Drugs and medical devices rarely come from the nonprofit world

By Susanna Twidale and Sarah McFarlane

By Karen Brettell

police body camera footage has shed light on a tragic incident in a Columbus, Ohio suburb, where a Blendon Township police officer fired at a pregnant woman's car. Ta'kiya Young, 21 years old and pregnant at the time, was later pronounced dead. The incident unfolded following accusations of shoplifting at a local grocery store, and the bodycam footage provides critical insights into the events leading up to the tragic shooting.

Asheboro High School in Randolph County was met with a serious security scare on Friday when a bomb threat was reported. However, swift action by law enforcement agencies ensured the safety of the students and staff. This article provides an account of the incident and the subsequent actions taken to ensure the security of the school.

HDFC Bank, a debtholder of bankrupt Future Retail Ltd (FRL), has objected to a decision by the resolution professional (RP) to put to vote Space Mantra's offer for the asset, saying the "resolution plan suffers from gross illegalities". It said in a letter to verified lenders that there are procedural lapses in the resolution process and the RP had failed in his duty to maximise value for financial creditors. ET has seen the letter. Deloitte-backed RP Vijaykumar Iyer had invited lenders to start voting on Space Mantra's ₹550 crore resolution plan for FRL from August 31, as reported by ET on Thursday. HDFC Bank's August 29 letter said the RP did not provide critical information to the committee of creditors (CoC) to allow them to make an informed commercial decision on the resolution. The RP and HDFC Bank did not respond to ET's queries. FRL, once owned by Kishore Biyani, operated 1,308 retail stores under the Big Bazaar, Easyday and Foodhall names as per the FY21 annual report.

India has filed a total of 516 Advance Pricing Agreement (APA) so far resulting in bringing finality in taxation to income of about ₹ 19,000 crore, according to the APA report released by the Central Board of Direct Taxes (CBDT) on Friday. The CBDT has signed 95 APA and 32 bilateral APAs in the fiscal year 2022-23, marking the highest number of bilateral agreements filed so far in a year. It is estimated that the 516 signed APAs have resulted in bringing finality in taxation to income of about ₹19,000 crore. This translates into a payment of tax of about ₹7,000 crore," CBDT said in its fifth APA report. The best part was that this is litigation-free and does not give rise to appellate proceedings, the report said.

A former Federated Hermes employee this week sued the company because it included its own funds in the company’s 401(k) plan.

By Chibuike Oguh and Bansari Mayur Kamdar

NEW DELHI : India’s manufacturing PMI rose to a three-month high of 58.6 in August on the back of an increase in orders and output, a private survey showed. According to S&P Global, India’s purchasing managers’ index (PMI) for manufacturing stood at 57.7 in July, 57.8 in June, and 58.7 in May. A figure of 50 separates expansion from contraction.

MUMBAI : The share of public sector undertakings (PSUs) in the overall market capitalization of the listed universe is at more than a four-year high of 11.34%, a Mint analysis showed, indicating that these companies could be on the path of recovery after reeling under pressure for the past three years. The analysis covered 1,958 BSE-listed stocks, and the data is as of 28 August. As of 31 March, the PSU stocks’ share in the total market capitalization reclaimed the 11% mark, the first time it ended a fiscal year at that level since 31 March 2019.

NEW DELHI : The ministry of petroleum and natural gas has raised the price of natural gas for September to $8.60 per mmBtu (metric million British thermal unit), up from $7.85 in August. However, the price for gas from ONGC’s and OIL’s nomination gas fields is unchanged capped at $6.5 per mmBtu . “The price of domestic natural gas for the 1 -30 September period is notified at $8.60 per mmBtu on gross calorific value basis," according to the notification dated 31 August.

rail services today, September 1 as the drivers’ union Aslef goes on strike. This is part of a series of strikes that have lasted over a year, involving unions and train companies in disputes over pay, jobs, and working conditions. Here’s what you need to know about industrial action and how it will affect services.

Travis Barker had to make a sudden exit. The reason being given is a sudden emergency in Barker’s family. Travis Barker and his wife, reality television star Kourtney Kardashian are expecting their first child together. Kourtney had announced her pregnancy at Travis Barker and Blink-182’s concert in Los Angeles on June 18 this year. Travis had to excuse himself from the Blink-182 concerts in the near future due to a family emergency.Blink-182 announced on its official handle on X / Twitter: «Due to an urgent family matter, Travis has had to return home to the States.» The group further informed about the canceled shows. «The Glasgow, Belfast, and Dublin shows are being postponed. More information in regards to his return to Europe and rescheduled dates will be provided as soon as available.»

Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen, Rita McGrath predicted that Facebook's flawed business model, which gathers data willingly exchanged by users for using the platform for free, could face backlash. Most people don't know that logging on to the internet creates a digital footprint on their online behaviour. While users are dimly aware that websites track them using cookies, many are unaware of third-party cookies.

Aditya L1, which will be launched by PSLV-C57 rocket on September 2 at 11:50 AM. Aditya L1, the first mission of the Indian Space Research Organisation to study the sun, carries seven payloads, four of which will observe the light from the sun and the remaining three will measure insitu parameters of the plasma and magnetic fields. Durgesh Tripathi and AN Ramaprakash, who have dedicated the past 10 years to develop the Solar Ultraviolet Imaging Telescope (SUIT), one of the main payloads on the Aditya-L1 mission, told PTI they were «very excited». «It all started in 2013 after ISRO announced its mission to study the sun.