Provident Financial News
01.09 / 06:39
UPS
Provident
FIVE
Booking
HAL
show
country
dividend
Top 5 high dividend yield PSU stocks growing at amazing speed
railway sectors. With their eye on the big game and general elections just around the corner, the Modi government is leaving no stones unturned and gearing up PSU companies. Just take the event that transpired earlier this month on 10 August 2023 in the parliament.
01.09 / 06:25
UPS
Provident
Target
Buy Gokaldas Exports, target price Rs 865: Sharekhan by BNP Paribas
Gokaldas Exports with a target price of Rs 865. The current market price of Gokaldas Exports is Rs 773.6. Gokaldas Exports, incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 4687.59 Crore) operating in Apparels sector. Gokaldas Exports key Products/Revenue Segments include Textile Apparels, Export Incentives, Scrap, Job Work for the year ending 31-Mar-2021.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 522.23 Crore, down -1.49 % from last quarter Total Income of Rs 530.12 Crore and down -14.76 % from last year same quarter Total Income of Rs 612.69 Crore.
01.09 / 06:25
COST
Provident
Lowe's
Manufacturing
show
performer
Manufacturing activity rises to the second fastest pace in three years in August
rise in new orders and output pushed manufacturing activity to the second-strongest pace in three years. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to 58.6 in August compared with 57.2 in July, according to data released Friday. «Robust and accelerated increases in new orders and production suggest that the sector looks set to provide a strong contribution to second quarter (fiscal) economic growth,” said Pollyanna De Lima, Economics Associate Director, S&P Global Market Intelligence. »The PMI results for India painted a vibrant picture of the nation's manufacturing landscape in August," De Lima further added. India’s economic growth strengthened to a four-quarter high of 7.8% in the first quarter, data released earlier this week showed, as the services sector pushed activity. The growth in manufacturing was less pronounced at 4.7% in Q1FY24, compared with 6.1% in the similar quarter last year. Demand strength pushed the new orders to the fastest pace since January 2021, helped by better export performance. «Not only did new export orders increase for the seventeenth month running halfway through the second fiscal quarter, but also to the greatest extent since November 2022,» the release stated, noting that members reported new work from Bangladesh, China, Malaysia, Singapore, Taiwan and the US. Buying levels rose to the fastest level in nearly 12 years, even as input costs rose faster. The increase in charge inflation, or selling prices, was not as fast as input prices as they tried to retain competitiveness.
01.09 / 05:55
Provident
show
High-frequency indicators show mild deterioration in July: Mint tracker
Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators. For each indicator, the value in each month is assigned a colour-coding (red, amber and green) to denote where it lies relative to the five-year average (worse, in line, or better).
01.09 / 05:55
Provident
Platform
Apple
social
iPhone 15
Support
Apple to cease human support on X, YouTube, ahead of iPhone 15 launch: Report
Apple is set to discontinue its social media support advisor positions on platforms X, YouTube, and the Apple Support Community forum, commencing October 1. Consequently, users will not receive human responses for their inquiries on X and YouTube; automated replies will guide them toward other avenues to reach Apple customer support. The report indicated that Apple is providing an option for chat support staff to transition to phone-based support positions within the company, impacting potentially hundreds of employees.
01.09 / 05:41
Provident
Action
awards
reports
Weekly
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
To help you make best investment decisions, we have screened out all companies that have been awarded the highest score by Stock Reports Plus and clubbed it together with a ‘Strong Buy/Buy’ analysts’ recommendation as per Institutional Brokers' Estimate System (IBES).
01.09 / 05:41
COST
Citi
Provident
Rent free house salary perk will be taxed differently from today: New CBDT rules
accommodation provided by employers will be calculated. These rules will come into effect from today i.e., September 1, 2023, and will be applicable for FY 2023-24. The new rules will impact employees living in an accommodation provided by their employer.
01.09 / 05:27
Provident
FIVE
Aware
Apple
Software
cover
Apple designates this MacBook Pro as ‘Vintage Product’. What is it all about?
2019 MacBook Pro, featuring a Magic Keyboard, an enlarged Touch Bar, and enhanced processors. The divisive Touch Bar feature was replaced in subsequent years, ultimately being phased out by Apple. To recall, in June 2017, the initial launch of the MacBook Pro with Touch Bar took place.
01.09 / 05:07
COST
Provident
Target
Software
Indian
Indian American arrested in New Jersey in $13 million tech fraud
Indian American has been arrested in New Jersey on charge of being part of a technical support scam that targeted more than 7,000 victims defrauding them of more than USD 13 million, a US Attorney announced Thursday. Charged with one count of conspiracy to commit wire fraud, Manoj Yadav appeared before US Magistrate Judge Jose R.
01.09 / 04:47
01.09 / 04:47
UPS
Provident
Align
RBC
exclusive
Deal
Santos downsizes PNG sale deal amid Kumul funding woes
Santos has finally firmed up the sale of a minority interest in its Papua New Guinea LNG venture to PNG’s national oil company, but the deal only involves just over half of the 5 per cent agreed in the original $US1.4 billion ($2.2 billion) deal announced 12 months ago.
01.09 / 04:41
UPS
Provident
Waters
One ship in Panama Canal paid $2.4 million to skip the line
Panama Canal, according to one company active in the market. The high payment — in addition to a standard transit fee of around $400,000 — was made recently by one unnamed party in order to get a slot allowing its carrier to transit the waterway more quickly, shipping company Avance Gas Holding Ltd. said in its earnings report this week. The Panama Canal Authority, which holds auctions for those wishing to queue jump, said in an email Thursday that the fees haven’t reached a new high this year, without providing further details. The authority said the highest bids are typically won by carriers transporting liquefied petroleum gas or liquefied natural gas. A queue of ships waiting to use the canal has been growing in recent months as drought means there’s less water to fill the waterway’s locks.
01.09 / 04:41
COST
UPS
Provident
Dash
Manufacturing
show
Asia’s manufacturing slump worsens as China curbs demand
Manufacturing activity in Asia’s major export powerhouses slumped further in August as weak demand persisted in the region’s key trade markets, particularly in China. Factories in North Asia experienced weaker new orders, output and export sales, according to manufacturing purchasing managers’ surveys published Friday by S&P Global and au Jibun Bank. The purchasing managers’ index for trade bellwether Taiwan was little changed at a subdued level of 44.3 last month from 44.1 in July, while South Korea’s gauge slumped to 48.9 from 49.4 during the same period. Seoul reported a similarly gloomy reading on industrial production on Thursday, showing a bigger-than-expected drop in July, marking its longest stretch of output decline yet. Japan’s PMI was unchanged at 49.6, below the 50 mark that separates expansion from contraction.Southeast Asia, which until recently was a bright spot, showed the weak sentiment was rubbing off on factories in the region.
01.09 / 04:31
Provident
PINK
Discover
Glacier
country
exclusive
Grab
BGMI redeem codes for Sept 1, 2023: Grab exciting rewards and free gifts!
Battlegrounds Mobile India) quickly rose to prominence in India after the ban on PUBG Mobile. Despite facing its own ban, the Indian government decided to allow BGMI back into the country with certain modifications around 10 months ago. Similar to other popular battle royale titles like Garena Free Fire, BGMI developers regularly release redeem codes that grant players access to a wide range of enticing rewards and freebies.
01.09 / 04:07
Provident
FIVE
Booking
committee
India forms committee to explore possibility of 'one nation, one election': Report
However, no further details were provided so far. This comes after the government has called for a special session of Parliament for five days starting September 18. However, no official announcement has been made regarding the agenda of the session which will be held days after the G20 Summit in the national capital, Delhi, on September 8 to 10, 2023. With the BJP government calling for a special session of the Parliament in September, speculation is rife about the purpose of the sitting.
01.09 / 04:07
IPO
Provident
Booking
Manufacturing
band
show
electronic
NOT
Rishabh Instruments IPO: GMP, subscription status, other details. Apply or not?
Rishabh Instruments IPO: The initial public offering (IPO) of Rishabh Instruments Limited opened for bidding on 30th August 2023 and it will remain open for subscribers till 1sst September 2023. This means, investors have just one day in hand to apply for the public offer as Rishabh Instruments IPO subscription date is ending today evening. In two days of bidding, the Rishabh Instruments IPO subscription status reveals that the book build issue has been subscribed 2.46 times whereas its retail portion has been subscribed 2.79 times.
01.09 / 03:39
Provident
SUN
Corona
Solar
Aditya L1 Launch: Get Set, Go! Countdown for India's solar mission begins today
Aditya L1 launch: After the boisterous success of Chandrayaan-3, Indian Space Research Organisation, is all set to launch its mission to the sun. The launch is scheduled to to take place at 11:50 am on on September 2. The first Indian space mission to study the sun will carry __ payloads.
01.09 / 03:31
Provident
Target
MET
Cummins
valuation
Aquamamma founder allegedly told investors valuation would double
Robert Bates, the founder of the Aquamamma and Aurum+ wellness empire, allegedly told his wealthy investors that “no one has ever lost money investing with me” and he would buy back their shares if companies that were part of the now-collapsed group failed to reach revenue targets.
01.09 / 03:23
Citi
Provident
Airlines
performer
stage
country
International
Marriott International anticipating top line revenues exceeding $ 1 billion in India this year
In an exclusive interview with ET, Rajeev Menon, President, Asia Pacific (excluding China) at Marriott International said the chain has seen a RevPar (revenue per available room) growth of 35% in India in the first six months of this year compared to 2019. He said the country is a ‘decades long’ growth story.The major hospitality players have seen both demand and margins grow. That doesn’t happen often. Right now, all around the world including India, people are willing to pay more for travel experiences.
01.09 / 02:57
Provident
Target
Shell
Pandora Paper probe confirms Adani group links with shell companies used for investment in Adani stocks: Report
Adani stocks are indeed linked to the Indian conglomerate, reported Indian Express citing inputs from the records accessed under its Pandora Papers investigation. Adani news LIVE Updates In its report, Financial Times mentioned two offshore shell companies registered in British Virgin Islands (BVI) as the main tool to invest in Adani stocks. According to IE report, the two shell firms are linked with Adani group.
01.09 / 02:47
UPS
Provident
Aware
DISH
Essel Group in talks to sell its assets to pay off debts
Subhash Chandra’s Essel Group is in talks with corporate houses, real estate developers, and leading private equity players for the sale of marquee land properties and a few unlisted infrastructure assets to generate ₹1,500 crore that he is supposed to pay American PE firm JC Flowers to settle his debt obligations and take back control of assets including direct-to-home (DTH) company Dish TV, said multiple banking and ibanking sources aware of the talks. “The group has enough as sets to liquidate, pay off the settlement amount, get back whatever securities are pledged, and get free Dish TV and Zee Learn from JC Flowers. Dish TV's 24% stake would be valued around ₹800-900 crore,” said a banker.
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