Provident Financial News

Jio Financial Services shares commencing nearly a month after being included in indices, benchmark Nifty50 got its 51st active stock, and Sensex its 31st stock. Jio Financial shares listed on the stock exchanges on Monday at a slight premium to the derived price. On July 20, stock exchanges had added Jio Financial to key indices, including the Sensex and Nifty50 following the demerger of the financial services business of Reliance Industries.

WhatsApp nude video scam. The victim, Prashanth (identity changed), from Bengaluru's KHB Colony, reported the incident to the cops after the criminals heightened their demands to Rs 4 lakh. The incident occurred around midnight on August 11, when Prashanth answered a WhatsApp video call only to encounter a woman posing in the nude.

Delhivery Ltd. has announced the launch of Delhivery One — a digital shipping platform experience designed to meet the diverse needs of MSMEs, in addition to large D2C e-commerce brands across the country.

It’s also an embarrassment for Chinese President Xi Jinping — Putin’s partner in building a proposed base on the moon meant to challenge the US and its space allies. The Russian spacecraft was aiming to be the first to land near the south pole, the intended location of a joint base that space agencies in China and Russia announced in 2021 they had agreed to build together.

interview with Mint in August 2015, Sacheti said that he decided he had to do something differently, and the best way was to use the internet. “Look, a regular jewellery store can open a 10,000 sq. ft shop but it only has one door.

WeWork India, the leading workplace provider, has leased 54,000 sq ft office space in New Delhi, its 50th workspace in the country. The new building also marks WeWork India’s foray into New Delhi. The newly opened property offers workspaces tailored to changing business needs, with 700 desks.

China has temporarily eased its visa regulations for Indian citizens applying for business (M), tourism (L), short-term family visits (Q2) to Chinese citizens, transit (G), and crew © visas. The Chinese Embassy in India has issued a statement outlining these changes. According to the announcement, eligible applicants seeking single or double-entry visas for business, tourism, short-term family visits, transit, and crew purposes will no longer need to provide biometric data (fingerprints) until December 31, 2023. These changes will remain in effect until the end of 2023. Some exemptions were already in place, including for individuals below 14 or above 70 years old, those who have recently undergone fingerprint collection by the Chinese Embassy, and those whose fingerprints are deemed «uncollectable.»

volunteering trends, revealing substantial untapped potential for employee involvement in volunteering initiatives. The report emphasizes the benefits that such initiatives can bring to both employees and companies. According to the report, corporate India is sitting on a socio-economic opportunity worth Rs 7,500 crore through volunteering initiatives. The potential goes beyond mere Corporate Social Responsibility (CSR) funding, as both employees and companies can actively engage in developmental causes, imparting a substantial positive influence on society. With about 15 million white collar employees in India, a potential of 150 million+ hours can be volunteered annually by corporate India towards social & economic development. This would represent a significant socio-economic contribution of over Rs 7,500 crore, which can be unlocked by promoting volunteering in Indian corporates (30% of the overall CSR spending in India), potentially generating a 5x social return on investment for companies.

Experts in Brazil think BRICS leaders will agree to launch a digital fiat for the bloc at a summit next week.

“Income tax department has given an option of pay later when we file income tax return (ITR). Therefore, an individual can file an ITR without paying income tax dues first by using the pay later option,” said CA Abhinit Singh, Founder, Ready Accountant, a Kolkata-based educational institution. Read below to find out how to use the ‘Pay Later’ option on the Income Tax Department’s e-filing portal.

fundamentally strong companies that efficiently utilise their capital to generate profits. RoCE not only reflects a company's operational efficiency but also its ability to provide attractive returns to its shareholders. This article delves into the world of midcap stocks in India, specifically focusing on the top five high RoCE midcap stocks that have caught the attention of investors.

AGL Energy has struck a deal with the Victorian government to keep the Loy Yang A coal-fired power station running until 2035, despite pressure from its biggest shareholder, software billionaire Mike Cannon-Brookes, to shut the huge generator earlier and align with the Paris climate accord.

Portfolio’s key multicap strategies have consistently given index-beating returns across time horizons, and the key sectors leading this performance are banking, healthcare, IT, and capital goods. Asked about the rationale for the high exposure to these sectors, Achin Goel, VP — Wealth Management and Institutional, at the firm, said, “These sectors will benefit from a robust growth story of India from the perspective of government initiatives, PLI schemes, infrastructure plans and the fundamental progress that we are witnessing throughout the nation.” Goel sees immense opportunities in the sectors in the long-term and believes that the portfolio results will be a reflection of the growth. Edited excerpts from an interview with ETMarkets:Benchmark indices have rallied close to 16% in 5 months. How comfortable are you with the current valuations?Before answering this question, let us run through a few macro data points.

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.

Himachal Pradesh's Mandi district. Reportedly, the situation isn't life-threatening and authorities are working on getting the trapped people rescued soon. 1) Around 17 bodies have been recovered after a landslide in Himachal Pradesh's Summer Hill region on August 14.

Asian markets stumbled on Monday after China delivered a smaller cut to lending rates than markets had counted on, continuing Beijing's run of disappointing stimulus steps. China's central bank trimmed its one-year lending rate by 10 basis points and left its five-year rate unmoved, a surprise to analysts who had expected cuts of 15 basis points to both. Disappointment at the meagre move saw Chinese blue chips ease 0.3%, while the Australian dollar took a dip as a liquid proxy for China risk.

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy. The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People's Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, was held at 4.2 percent. Closely followed by the markets, the two rates are now at historic lows, after previous reductions in June.

equity funds carry higher risks, debt funds can provide stable income, making them suitable for elderly investors seeking steady returns. “However, it's essential to choose funds with lower volatility and a history of consistent performance," said Amit Gupta, MD, SAG Infotech. FDs are known for their security, making them an attractive option for senior citizens.

BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - in South Africa this week, where Chinese President Xi Jinping will attend. But whatever Xi says will likely be more political in nature. The assurances investors want from Chinese officials probably center more on monetary and fiscal policy.

SJS EnterprisesMarquee investor Ashish Kacholia sold part of his stake in aesthetic solutions provider SJS Enterprises for Rs 11.6 crore through the open market on Friday.Jio FinancialJio Financial Services, which recently demerged from parent Reliance Industries, will get listed on stock exchanges on August 21.Kotak Mahindra BankKotak Mahindra Bank's chairman Prakash Apte said the attrition challenge for the bank is concentrated at the junior management level.Read more: What changed the market while you were sleepingPNB Housing FinancePNB Housing Finance said through its focussed and multi-pronged resolution strategy, it has successfully resolved and fully recovered a large corporate non-performing account of Rs 784 crore.TitanTitan will acquire an additional 27.18% of equity shares in its subsidiary CaratLane Trading for Rs 4621 crore.Ashok LeylandAshok Leyland will issue Rs 870 crore corporate guarantee to cover lender facilities of two subsidiaries Optare Plc and Switch Mobility UKM&MMahindra & Mahindra announced proactive inspection of select XUV products.KEC InternationalKEC International, an RPG Group Company, has secured new orders of Rs 1,007 crore across its various businesses.ONGCONGC Videsh has secured a three-year extension from Vietnam to explore 'Block 128' in the South China Sea.

saving, spending and investing decisions, such as allocating money for life goals, sticking to a budget, making investments in different assets, and devising strategies for a rainy day. It is a crucial life skill, and when instilled at a young age, it can become a cornerstone for building a prosperous future. Learning about money management early lays the groundwork for responsible financial behaviour as an adult and helps navigate the complexities of personal finance confidently.