Provident Financial News

SoftBank Group Corp. will take a group of its Indian startup founders to Silicon Valley next month for an artificial intelligence tour as the Japanese investor steps up efforts to infuse its portfolio companies with the technology. The investor is helping portfolio companies adopt AI and has been setting up meetings for the founders it backs with the leading players in the field, said Sumer Juneja, managing partner overseeing Europe, Middle East, Africa and India investments at SoftBank’s Vision Fund, in an interview in Mumbai.

Income Tax Department has received information about certain transactions reported by you in Form 60/61 relating to F.Y. 2021-22. It is requested that if you are not in occupation of a PAN number, the same may be applied in Form 49A immediately or else, the PAN Number should be submitted to the Reporting Entity within 15 days from the campaign execution date. -Income Tax Department.” This is an SMS many taxpayers have received recently from the Income Tax department. The income tax department’s official Twitter handle confirmed the sending of the SMS by tweeting: “This is a genuine SMS/Email from the Income Tax Department. Recipients of this SMS/Email may pl note: In case you do not possess a PAN, you are requested to obtain PAN and report PAN to the Reporting Entity(RE).....” Read on to find out what is Form 60 and why the tax department has been sending this SMS to taxpayers.

the main treatment for infertility around the world. At least 12m people have been conceived in glassware. An IVF baby takes its first gulp of air roughly every 45 seconds.

Reliance Industries shares last week makes it evident that investors are not expecting Mukesh Ambani to make some big-bang announcement at today's annual general meeting (AGM) of RIL. But if the billionaire reveals the roadmap for any further value-unlocking exercise, it could change the stock's trajectory in the near term. Shareholders of the demerged entity Jio Financial Services (JFSL), which has lost almost 20% from its listing price of Rs 265, are also eagerly waiting for Ambanis to spill the beans on the company's future plans. In FY 2019 AGM, while discussing the company's consumer-facing businesses of retail and Jio, RIL’s management had announced it would “move towards listing of both these companies within the next five years”.

₹12 crore. As per a report by NDTV, the incident transpired on a highway in Nuh, Haryana, on Tuesday. The speeding Rolls-Royce, occupied by Malu and two others, collided with an oil tanker on the Delhi-Mumbai expressway in Nuh.

Consultants say they stand by their work done on the original business case for the 2026 Commonwealth Games, despite the Victorian government later claiming costs had more than doubled when they cancelled the event.

“India is standing out not only now, but it is likely to stand out in the forthcoming few years as well because the prime reason which is not discussed enough is that we are counter-cyclical to the western world, especially to the US,” says Aashish P Somaiyaa, Chief Executive Officer, White Oak Capital Management.In an interview with ETMarkets on the sidelines of Investing Accelerator Summit 2023, Somaiyaa said: “Apart from all the other structural positives that have been spoken about India, this is one thing which is not spoken enough” Edited excerpts:How should one pick the fund – is 1–year performance a good benchmark to select a fund?In fact, one-year performance is exactly not the benchmark. In fact, it is a contra-indicator, that is what my analysis kind of tells me. The thought about speaking on why winners rotate comes from the fact that when we track investor behaviour or even if you track fund flows in the industry, what you will find is typically a lot of money ends up going to people who have done very very well in the last 1 year or maybe in the last 3 years period. At this juncture, if you take the best performing fund of the last three years you put money in there, and then wait till August 2026 to see how it plays out — you will find is that the correlation between ranks for the last three years and the rank for performance in the subsequent three years, the correlation of these two ranks is practically nothing.

«The other thing he spoke about was how do we enhance and build sustainability into the DNA of the world, that in all decisions, all actions, sustainability should become a norm rather than something that we have to make a special effort for,» says Sunil Munjal, Chairman, Hero Enterprise.What would you make of the Prime Minister's speech? Our prime minister has now started making such amazing aspirational speeches. One, of course, he talked about the approach to doing good.

ethanol-fueled variant of Toyota's Innova car tomorrow, August 29, Tuesday. The minister provided the information while addressing the Mint Sustainability Summit here. Gadkari has been exhorting automakers to come out with alternative fuel-powered and green vehicles.

Also Read: In a first, Chandraayan-3 sends temperature profile of Moon’s surface at various depths of South Pole Due to the absence of an atmosphere, the lunar surface experiences extreme temperature fluctuations. The ISRO depicted these variations through a graphical representation. "The presented graph illustrates the temperature variations of the lunar surface/near-surface at various depths, as recorded during the probe's penetration.

Reliance Industries Ltd (RIL), the billionaire Mukesh Ambani-led energy-to-telecom conglomerate, is set to hold its 46th Annual General Meeting (AGM) of shareholders today, on August 28, 2023. The RIL AGM 2023 and is being held after the Jio Financial Services was listed on stock exchanges earlier this month. Let us first take a look at Reliance AGM date and time.

Reliance Industries: Reliance AGM 2023 date has been fixed on 28th August 2023. The Sensex heavyweight is expected to unveil its business blueprint for the future. According to market experts, after the demerger of Jio Financial Services Ltd (JFSL) from RIL, the market is expecting some concrete announcements in regard to Future Retail IPO and Reliance Jio IPO.

One of the programs set up to ensure affordable internet for all is set to run out by the middle of 2024

Many women who work at McMurdo Station, the main United States research base in Antarctica, say the isolated environment and macho culture have allowed sexual harassment and assault to flourish

State and federal agencies are scrambling to find measures to combat what experts call one of the harshest and most neglected effects of climate change in the U.S.: rising heat deaths and injuries of people who work in triple-digit temperatures

Binance, the world's leading cryptocurrency exchange, has confirmed that it will delist three cryptocurrencies: SNM (SONM), SRM (Serum), and YFII (DFI.Money) on August 22, 2023.

OpenAI and others on 26 July) that we’ve created with a small number of companies, and it will grow. We need to recognize that there’s a common approach to safety standards that we really need. If you look at us and Google—we compete vigorously every day, and yet we have come together.

Japan's space agency suspended a planned launch on Monday of an H-IIA rocket that was to carry a moon lander into space, according to operator Mitsubishi Heavy Industries (MHI). The launch was cancelled because of unsuitable wind conditions in the upper atmosphere, MHI's launch services unit said in a post on social media site X, formerly known as Twitter, 24 minutes before the planned launch time. The H-IIA No. 47 rocket was to be launched from Japan Aerospace Exploration Agency (JAXA)'s Tanegashima Space Center in southern Japan at 9:26 a.m.

buying a second house. He intends to use it for his retirement in the hope that the value will appreciate and rental income will support his household. The apartment adjacent to the building in which he is currently living is up for sale.

There is a sliver of hope for taxpayers like Mehta. Archit Gupta, Founder and CEO of tax filing portal, ClearTax, suggests that she file a revised tax return and opt for the new tax regime. Under Section 139(5), a taxpayer can voluntarily revise the tax return filed by him. Revised returns for the current assessment year can be filed till 31 December 2023. The revision can be done even after the return has been processed by the tax department. Under the new tax regime for the financial year 2022-23, Mehta will not get the benefit of Rs.50,000 standard deduction or her contribution to the Provident Fund, but her tax would be lesser due to the lower tax rates. She can save about Rs.3,200 tax under the new regime. Incidentally, ClearTax users are alerted about the difference in the tax liability of the old and new tax regimes when they file their returns. “The taxpayer can decide at that point which tax regime he wants to opt for,” says Gupta of ClearTax.File a revised return if… Tax

In the past 12 months, big-ticket floating rate loan borrowers have had a rough ride. The continuous uptick in interest rates has triggered a sharp reset of rates in their floating rate loans. Taking cognisance of the numerous complaints received on the changes imposed by lenders without proper communication or consent of borrowers, the RBI has introduced a new framework for resetting floating rate loans.