Provident Financial News
10.08 / 18:47
10.08 / 18:01
Provident
MET
Manufacturing
awards
Tata Motors clears key step for mfg incentive
Tata Motors Ltd has received a certificate from the Automotive Research Association of India (ARAI) for domestic value addition (DVA), a key step which will qualify it to receive incentives under the government’s ₹25,938 crore PLI scheme to boost the country’s manufacturing capabilities for advanced automotive technologies. Tata Motors is only the second manufacturer after Mahindra & Mahindra Ltd to receive the eligibility certificate for the production-linked incentive (PLI) scheme.
10.08 / 17:29
10.08 / 17:27
10.08 / 17:27
Blockchain
UPS
Ethereum
Provident
Lowe's
Ripple
XRP
XRP Price Slips on SEC Appeal While Safer Alternative XRP20 Fundraising Accelerates Past $1.8m
The XRP price is slipping lower after news emerged that the US Securities and Exchange Commission (SEC) is appealing the judge's decision in the XRP securities case, boosting the appeal of a safer alternative, the XRP20 coin.
10.08 / 17:19
UPS
Citi
Provident
ICE
cover
Hero
Hero MotoCorp Q1 Results: Net profit rises 32% YoY to Rs 825 crore but misses estimates
Hero MotoCorp Thursday missed Street estimates to report a 32% increase in net profit at Rs 824.72 crore for the first quarter ended June 30,2023 driven by price hikes and a better product mix. The company had posted net profit of Rs 624.52 crore in the corresponding period of the last financial year. Kotak Institutional Equities had expected net profit to grow 40.3% to Rs 875.90 crore and revenues to increase 7% led by a 10% increase in average selling price (ASP) due to price increases and a richer product mix.
10.08 / 17:19
Provident
exclusive
Power
500
NEEPCO abandons 500 MW thermal power project in Meghalaya
North Eastern Electric Power Corporation Limited (NEEPCO) has conveyed its decision to withdraw from the implementation of a proposed 500 megawatt thermal power project in Meghalaya. According to Power Minister AT Mondal, NEEPCO communicated its intention to terminate the thermal power project, highlighting a shift in focus towards exclusively green and clean energy endeavours.
10.08 / 17:19
UPS
Provident
Lowe's
Gap
Enterprise
performer
businesses
Banks cautious on lending to small businesses despite high demand, lower NPAs: Report
Lenders are cautious on providing loans to the micro, small and medium enterprises (MSME) segment, despite high demand, availability of analytical data and lower delinquencies, a report said on Thursday. Demand for loans from MSMEs grew 33 per cent in the January-March period of the previous fiscal (Q4, FY23) compared to the year-ago period, but the supply of credit was up by only 11 per cent during the quarter, the report by credit information company Transunion Cibil, in association with Sidbi, said.
10.08 / 17:15
Provident
Lowe's
FIVE
Strategy
Pool
track
How fixed income investments can help build wealth over the long term
Role in diversification Fixed income investments are currently offering attractive interest rates ranging from 8.5% to 9.36% annually, nearing an all-time high for FD (fixed deposit) rates in India. As investors strive for financial success and stability, many adopt a balanced approach in their portfolios, allocating approximately 50% to stocks and 50% to fixed income. This balanced approach aims to mitigate risk and enhance long-term returns.
10.08 / 17:03
UPS
Provident
Lowe's
Career
performer
licence
Indore case exemplifies how RIA licence can be misused
Being deceptive One way to make money in the stock market is to be really good at understanding financial statements, macroeconomic factors, making financial models. You take some risk and make some money if things work out. An arguably better way to make money is to not invest your own money in the market and instead advise someone else to invest theirs, and charge them for the advice.
10.08 / 16:37
Provident
Waves
Waters
Extreme
Remark
show
cover
Mangroves offer a vital shield against climate change
cyclones. Mangrove coverage acts as a natural barrier, reducing the impact of waves and protecting coastal areas from erosion. It stabilizes sedimentation and mitigates coastal flooding, thus providing a valuable defence against natural disasters.
10.08 / 16:05
UPS
Provident
Stronger loonie pushes CPPIB to narrow first quarter investing loss
Foreign exchange losses due to a stronger Canadian dollar contributed to a net loss of $5 million for the Canada Pension Plan Investment Board in the quarter ended June 30, translating to a negative return of 0.8 per cent.
10.08 / 16:05
COST
UPS
Provident
FIVE
Williams
country
NOT
Tax system not built to keep up with inflation — and it's hurting some Canadians more than others
Inflation has been on the top of many Canadians’ minds recently, with the year-over-year increase in the consumer price index (CPI) hitting a four-decade high of 8.1 per cent in June 2022. While inflation has started to cool, when the effects of higher inflation are combined with tax provisions that essentially ignore it, “the pain for earners, savers, and recipients of benefits,” can be multiplied, according to a new report issued this week by the C.D. Howe Institute.
10.08 / 15:43
UPS
Provident
FIVE
cover
hospital
DLF, Medanta form SPV to develop hospital in south Delhi
DLF has entered in a partnership with Global Health Ltd that runs Medanta hospital to set up a 400-bed multi-speciality hospital in Delhi. According to the regulatory filing, the Special Purpose Vehicle has been formed to construct, equip and operate super specialty hospitals, clinics and health care centres with other related ancillary medical facilities and services with 50:50 equity shareholding of the GHL and DLF. This will be DLF’s entry in the healthcare segment and the first hospital will come in South Delhi’s Greater Kailash.
10.08 / 15:43
Provident
Target
MET
Extreme
Action
country
Developed nations overconsuming carbon budget; very little left for countries like India: Govt
carbon budget, leaving countries like India with very little carbon space for the future, the government said on Thursday. Responding to a question by BJP MP CM Ramesh, Minister of State for Environment Ashwini Kumar Choubey told the Rajya Sabha that India is doing far more than its fair share to combat climate change.
10.08 / 15:43
Provident
country
voice
cover
exclusive
classical
Surrender of sovereignty of J&K to India was "absolutely complete" with accession: SC
Supreme Court said on Thursday the surrender of Jammu and Kashmir's sovereignty to India was «absolutely complete» with the accession of the former princely state in October 1947, and it was «really difficult» to say that Article 370 of the Constitution, which accorded special status to the erstwhile state, was permanent in nature. Observing that once Article 1 of the Constitution says India shall be a Union of States, including Jammu and Kashmir, the transfer of sovereignty was complete in all respects, a five-judge constitution bench headed by Chief Justice DY Chandrachud said.
10.08 / 15:37
Provident
FIVE
Assurant
Mobile
social
What look like freebies are part of a welcome new social contract
PM-Kisan, run by the Centre, was announced just before the 2019 general elections. Before the Karnataka polls, the Congress party had made five promises: of 200 units of free power to all households, ₹2,000 monthly assistance to every woman head of a family, 10kg of rice, an unemployment allowance for the youth and free travel for women on public transport buses. The Congress won power in that state.
10.08 / 15:37
COST
Provident
performer
surges
Samvardhana Motherson Q1 results: Net profit surges over four-fold to ₹601 crore
Samvardhana Motherson International Ltd (SAMIL) on Thursday said its consolidated net profit jumped over four-fold to ₹601 crore for the first quarter ended June 30, 2023. The company had reported a net profit of ₹141 crore for the April-June quarter of last fiscal.
10.08 / 15:37
Provident
Citizens
Aviat
Action
Dreams
performer
We should take a holistic look at transportation safety
Vande Bharat Express trains symbolize the fulfilment of growing aspirations, whereas expressways being constructed by the government are transforming road connectivity. We now have the world’s second biggest road network, having overtaken China’s (as with population) but not America’s. As for aviation, India’s “Hawaai chappal mein hawaai yatra" (air travel in modest slippers) slogan was coined to capture and fulfil the dream of modestly-earning citizens to travel by air, like their better-off counterparts.
10.08 / 15:37
Blockchain
Provident
XRP
Strategy
ICO
stage
Returns
VC Spectra’s Stage 2 Presale Gains Set to Eclipse Curve DAO (CRV) and XRP Returns
In a weak market, assets with favorable returns are hard to find. When one is available, investors rush to cash on it. VC Spectra (SPCT) is the coin giving investors unexpectedly high returns in its presale stage. CurveDAO (CRV) and XRP investors may not earn such profits this year.
10.08 / 15:33
UPS
Provident
Progressive
USDT
Platform
Strategy
social
Deal
How To Buy Deal With It ($DWIT) Token - Easy Guide
Deal With It ($DWIT) is a trending new crypto that aims to achieve what other tokens have failed to do - consistent profits and meaningful community rewards.
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