Provident Financial News

Adani Energy Solutions Limited (AESL) on Monday announced financial closure for its $1 -billion green high voltage direct current (HVDC) link project. It will enable further ‘greening’ of the Mumbai Grid by supplying more renewable power to the city while supporting its rising electricity demand, the company said in its press release. The 80 km multi-faceted project’s construction work for this link will begin in October this year. The credit facility is part of the $700 million revolving project finance facility tied up in October 2021 for its under-construction transmission assets portfolio. The banking consortium for the platform infrastructure financing framework comprised nine international banks including DBS Bank Ltd., Intesa Sanpaolo S.p.A., Mizuho Bank Ltd., MUFG Bank Ltd., Siemens Bank GmbH, Société Générale, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and The Hong Kong Mortgage Corporation Limited.“This link is the need of the hour for the city and will support its growth aspirations. It showcases our commitment to offering Mumbai a brighter and greener future. The project will help accelerate the city’s decarbonization and its net zero journey,” said Anil Sardana, MD of AESL.

RPF Constable Chetan Singh, arrested in connection with the shooting of four individuals aboard the Jaipur-Mumbai Superfast Express last week, called his his wife immediately following the incident, informing her of her newfound responsibility to raise their children independently. As per ToI report, on Saturday, Renu Singh, the spouse of the accused, along with his mother, arrived in Mumbai from Mathura, providing their statements before the Borivali Government Railway Police (GRP). Renu submitted medical records outlining her husband's past treatments, including documentation from a neurological hospital in Mathura.

China’s Minsheng Bank has announced it is teaming up with the CBDC-keen e-commerce giant JD.com to launch a digital CNY-powered payment service.

quarterly numbers that came as a surprise to many investors. On the other hand many were expecting the company to turnaround soon. Yesterday, Zomato share price spiked around 15% in intraday trade.

Hindustan Times report. “We have identified a list of them who were involved in the violence and we have evidence for it and based on it the teams have arrested them," Bijarniya said while speaking to Hindustan Times.

Saudi Arabia announced that citizens of eight more countries will now be eligible for a visitor e-visa, state media reported. The e-visa will be available to visitors from Albania, Azerbaijan, Georgia, Kyrgyzstan, Maldives, South Africa, Tajikistan, and Uzbekistan, for leisure, business, and religious (Umrah only) travel, bringing the total number of eligible countries to 57, Xinhua news agency quoted the state media report as saying. The visitor e-visa is valid for an entire year, grants multiple entries, and permits a stay of up to 90 days. After launching the e-visa program in 2019, Saudi Arabia welcomed 93.5 million visits in 2022, a 93-per cent increase from 2021, registering a tourism expenditure of 185 billion Saudi Riyals ($49 billion). In 2022, Saudi Arabia decided to provide a visitor e-visa for holders of valid Schengen, British and US visas that have been used to enter these countries before arriving in Saudi Arabia and for permanent residents of the European Union, Gulf Arab countries, Britain and the US.

According to the RBI press release issued on May 19, 2023, “The facility for deposit and/or exchange of Rs2000 banknotes shall be available for members of the public up to September 30, 2023.The facility for exchange of Rs.2000 banknotes shall be provided to all members of the public by all banks through their branches.”

Bella Hadid's encounter with Lyme disease dates back to 2012, a health challenge that is similarly experienced by her family members, including her mother Yolanda Hadid and her brother Anwar Hadid. Let us take a look at what Lyme disease is, its symptoms, diagnosis, treatment, and prevention. Lyme disease, an infectious ailment stemming from the Borrelia bacteria, is predominantly spread through tick bites, particularly by ticks of the Ixodes genus. With a range of symptoms and varying degrees of severity, this disease demands attention and understanding. Here's a comprehensive exploration of the key facets of Lyme disease:

The cases relate to demands raised under the Goods and Services Tax (GST) Act. As per estimates by officials, the aggregate demand in the past three months amounts to a few hundred crores. The office of the directorate general of goods and services tax intelligence (DGGI) as well as state audit officials are currently probing such cases across sectors.

The following list of stocks in the headline index Nifty50 were given a “Strong Buy/Buy” recommendation in the latest Stock Reports Plus report dated August 6, 2023. Analysts’ recommendations are provided using Institutional Brokers' Estimate System (IBES) to provide you actionable insights.

There are two matches to be played on August 7. Let’s have a look at both of them. England are coming to the Round of 16 with a spotless record in the group stages.

Bank of Baroda's share price traded with minimal gains in the morning session on BSE on Monday, suggesting that investor sentiment was not too optimistic following the release of the bank's June quarter (Q1FY24) financial results. The stock opened almost flat at ₹191 against the previous close of ₹191.45 and rose by almost a per cent to the level of ₹193.10. Around 10:25 AM, the stock was 0.84 per cent up at ₹193.05 on BSE.

PSU stocks have had a very strong run. And the one thing which is actually going in the favour of all the PSU banks is that as we move towards May of next year, the infrastructure spend and all the public government spend is only going to accelerate further which is good news for all the PSU banks," says Chakri Lokapriya, CIO & MD, TCG AMC.Do you also believe that perhaps that linear move in some of these PSU stocks is now behind us?PSU stocks have had a very strong run.

According to data from the “Data Breach Investigation Report 2023” by Verizon, SMBs experience 699 incidents annually with 381 cases of confirmed data disclosure and large businesses face 496 incidents annually with 227 cases of confirmed data disclosure. System intrusion is the top common threat. There are several safeguards’ companies can implement to protect themselves, says the report.

dearness allowance (DA) for its over 1 crore employees and pensioners by 3 percentage points to 45% from the existing 42%, as per the agreed formula for the purpose. The decision is likely to be taken by the Union Cabinet soon, after the expenditure department of the Finance Ministry formulates a proposal to hike DA along with its revenue implication. The proposal will then be put up before the Cabinet for approval.

Parliament. Vaishnaw said that it is not a money bill and all issues raised by the opposition will be answered during the debate. The Digital Personal Data Protection Bill or data protection Bill provides for the processing of digital personal data recognising the right of individuals to safeguard their information and the need to process personal data for lawful purposes.

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.

Gabriel India, Karur Vyasya Bank, Navneet Education, RITES Ltd, and three others will be in focus on Monday as they will trade ex-dividend today. A total of seven stocks will trade ex-dividend today. The ex-dividend date is the day on which the price of an equity share adjusts to reflect the next dividend payout.

dollar was on the back foot on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world's two largest economies due this week. The U.S.

Reuters. As per these laws, certain sacraments are not accessible to certain individuals.

This week would be crucial for domestic markets as RBI is set to announce its interest rate decision. «Markets are likely to move in a broader range with some volatility. Interest-sensitive sectors are expected to remain in focus,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 20000 zones while an immediate trading range in between 19200 to 19600 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 8 points, or 0.04 per cent, higher at 19,596.50, signaling that Dalal Street was headed for muted start on Monday.