Provident Financial News

Power Finance Corporation Limited (PFC) appointed Parminder Chopra as Chairman and Managing Director (CMD), with effect from August 14, 2023 becoming the first woman to lead the company, the NBFC announced on Thursday. Previously, she was holding the additional charge of Chairman and Managing Director (CMD) since June 1, 2023 and was Director (Finance), PFC since July 1, 2020.

Gogoro Inc on Thursday announced a partnership with Swiggy to promote its electric Smartscooters to last-mile delivery partners of the on-demand convenience delivery platform across India. Gogoro and Swiggy will provide a seamless path for riders to adopt sustainable electric transportation and improve their business efficiency, Gogoro Founder and CEO Horace Luke said. «Partnering with Swiggy, a leading player in the industry, to provide access to Gogoro Smartscooters and battery swapping is essential in successfully transforming India's urban fleets to electric,» he added. Swiggy Head of Operations Mihir Shah said, «This partnership with Gogoro is another key step in our commitment to creating greener and cost-effective solutions for our delivery fleet.»

What is a Public Tech Platform for frictionless credit? The Public Tech Platform for frictionless credit is an end-to-end digital platform that has been developed by the Reserve Bank Innovation Hub, a wholly-owned subsidiary of the central bank. The platform will also have an open architecture, open Application Programming Interfaces (APIs), and standards, to which all financial sector players can connect in a ‘plug and play’ model. «This initiative simplifies the integration of vital financial data through open APIs, boosting operational efficiency.

AMSTERDAM (Reuters) — Shares in Dutch payments processor Adyen NV fell by more than 20% on Thursday after first-half earnings missed analysts' estimates and the company's own targets.

By Clare Jim

personal loans have gotten costlier. In such cases, availing loan against your gold can be quite helpful. Whether it's for marriage, your child's education, medical condition, or raising capital for a new business venture, gold loans are seen as the best option.

NCLAT) on Thursday agreed to hear IDBI Bank’s plea against Zee Entertainment in payment dispute case on August 31, 2023. The private lender has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against the media major.

Oyo said on Thursday that it has entered into a memorandum of understanding (MoU) with Shri Vishwakarma Skill University (SVSU), Haryana Kaushal Rozgar Nigam Limited (HKRNL), and the Foreign Cooperation Department in the presence of Haryana chief minister, Manohar Lal. The company said the primary objective of this MoU is to create job prospects for young individuals in various job roles within the hospitality sector in European nations such as Denmark.

Noida, a bustling city in the National Capital Region of Uttar Pradesh, has witnessed exponential growth over the past few decades. The region is home to key developments, including the Noida Expressway, a modern arterial road that connects Noida to Greater Noida, providing seamless connectivity and serving as a catalyst for growth in the region. A notable factor that has enhanced the region’s demand is its emergence as a vibrant hub of infrastructural development, offering an array of amenities ranging from educational institutions to healthcare facilities.

The Central Board of Direct Taxes (CBDT) has issued fresh guidelines under clause (10D) of Section 10 of the Income Tax Act 1961. Clause 10(D) of Section 10 of the IT Act provides for income-tax exemption on any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy. However, such an exemption is subject to certain exclusions.

Long duration funds may not be the best option to invest in at the moment, with debt fund managers saying short and medium duration funds remain ideal at this juncture.

In an era of rapid technological advancements, various sectors are experiencing profound transformations, and the real estate sector is no exception. The fusion of real estate and technology, often referred to as ‘RealTech’, is reshaping the traditional landscape of property development, transactions, and management. India, a nation with a burgeoning real estate sector, is witnessing the rise of RealTech as a transformative force that holds the potential to enhance transparency, efficiency, and innovation across the industry.

A savings account is the first step of your financial journey. It is important to have a savings account to avail multiple services and accessibility of your funds when in need. Besides keeping your funds safe, your savings account helps you earn interest on your deposits. However, it is generally recommended not to park your entire funds in your savings account but invest them for maximising your income.

The State Bank of India (SBI) has once again extended the last date for investing in its special Amrit Kalash fixed deposits. The scheme provides the highest interest rate offered by SBI to senior and general citizens across all tenors.

Real estate investments have long been recognized as a lucrative avenue for financial growth. Within this realm of possibilities, plotted developments have emerged as highly enticing opportunities, offering numerous long-term benefits. With the value they offer, flexibility, potential for appreciation, and emphasis on privacy and security, investing in plots is a strategic choice for individuals seeking to craft a fruitful future with their families.

Kia India has unveiled the 'My Convenience Plus' post-purchase initiative, catering to new Kia Seltos owners. This program is designed to significantly reduce ownership expenses, with costs as economical as ₹0.82 per kilometer.

Investment in the Bandhan Nifty IT Index Fund can be made through licensed mutual fund distributors and online platforms, as well as, directly on https://www.bandhanmutual.com. Highlighting why investors should consider investing in the Bandhan Nifty IT Index Fund, Vishal Kapoor, CEO, Bandhan AMC said, “The Indian IT sector is at the forefront of global innovation, establishing itself as a technology powerhouse and a leading player in the global IT landscape.

leadership and batting prowess, former cricket legends believe. Former Pakistan wicketkeeper-batsman Rashid Latif emphasised that the team's need for stability, expressing concerns about batting order changes and the return of injured players like Shreyas Iyer and KL Rahul. Meanwhile, Ravi Shastri, former India coach, suggested placing Kohli at number four, addressing the team's unsettled middle-order concerns.

best copy trading platform recognizes the diverse needs of its global user base and goes the extra mile by offering support in languages other than English. This inclusivity ensures that international users, whose first language may not be English, can comfortably seek assistance in their preferred language. For urgent inquiries or immediate assistance, ZuluTrade provides a convenient live chat option.

Maritime Rescue Coordination Centre in Mumbai received information that one of the crew, named Yin Weigyang, onboard the research vessel had suffered a cardiac attack and required urgent medical attention. Communication was established with the vessel which was en-route from China to the United Arab Emirates and provided necessary telemedicine advice.

Krafton and Dreamotion have announced the Indian faction in real-time player-versus-player (PvP) mobile strategy game, Road to Valor: Empires. Inspired by India's rich culture and history, the Indian faction aims to provide localized gameplay to mobile users. Indian faction is a collaboration between Krafton's Indian team and their counterparts in South Korea.