Provident Financial News

The Rs 25,938-crore scheme, which looks to boost local manufacturing of advanced automotive technology (AAT) products, comes with a rider of stipulated fresh local investments for companies to receive incentives. However, many companies skipped on making these investments owing to some uncertainties around the scheme, sources said. One of the key reasons was a delay in the release of a standard operating procedure (SOP) to calculate domestic value addition (DVA). The scheme requires a minimum 50% domestic value addition (DVA) by manufacturers. However, the SOP for calculating the DVA was released only on April 27, 2023. The scheme became operational from April 2022.

The race is on in the exchange-traded fund business to offer the first ether futures product.

The Securities and Exchange Commission on Tuesday barred a former broker, Steven K. Woodard, who was based in Hawaii and allegedly preyed on members of his church in a $6 million scam.

Damar Hamlin will expand his efforts to promote charitable giving by supporting a company that allows donors to give to nonprofits immediately, while actually paying later

Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members

Amazon-owned Twitch said Wednesday it's expanding the ban on livestreams of gambling content on the platform

BMW and Mercedes-Benz are well known for their 7 Series and S-Class flagship sedans

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

GitHub Copilot X is an advanced version of GitHub's AI pair programmer, designed to integrate into every part of a developer's workflow. The platform is a vision for the future of AI-powered software development, featuring chat and terminal interfaces, support for pull requests, and early adoption of OpenAI’s GPT-4.

MUMBAI : Anil Agarwal’s Twin Star Holdings Ltd, a promoter entity of Vedanta Ltd, aims to sell a 4.3% stake in the Indian mining company for ₹4,136 crore as part of the billionaire’s plan to reduce debts and transform his Vedanta group into a pure-play green energy and non-ferrous business. According to the terms of a deal brokered by JP Morgan India Pvt. Ltd, Twin Star Holdings will sell 160 million shares in Vedanta to institutional investors at a minimum of ₹258.50 each, a 5% discount to Wednesday’s closing price of ₹272.15 on National Stock Exchange of India Ltd.

Ankle Monitor," designed to track children. The device is said to have an app that enables parents to monitor the whereabouts and activities of their kids. The video's widespread circulation on various social media platforms has sparked diverse reactions from viewers. But is it real? It is pertinent to mention that an ankle monitor, also known as an electronic monitoring device, is used for tracking the location and movements of individuals. It is typically worn around the ankle and is equipped with GPS technology or radio frequency signals. Ankle monitors are commonly used in the criminal justice system as an alternative to incarceration for non-violent offenders, pre-trial detainees, or individuals on parole or probation. The device allows authorities to monitor the person's whereabouts and ensure they comply with court-ordered restrictions, such as staying within designated areas or adhering to curfew conditions. It is an effective tool for supervision and helps reduce overcrowding in prisons while providing an opportunity for rehabilitation and reintegration into society.

Catherine Tyldesley, a former star on Coronation Street, is in the midst of a controversy that she finds “bizarre”. Here’s what happened. The television actor’s public relations firm asked a baker to provide a free cake for her 40th birthday this September, in exchange for publicity on social media.

Madhusudan Kela, has picked up a stake in Niyogin Fintech through bulk deals on Wednesday. According to bulk deals data available with the exchanges, Madhuri Kela has bought 50.2 lakh shares or 5.3% stake in the company. The transaction was done at a weighted average price of Rs 61.65.

National Financial Reporting Authority (NFRA) has approached the Delhi High Court, seeking the vacation of the court's earlier directions that had effectively stayed the auditing regulator's 2020 orders against former auditors of IL&FS Financial Services (IFIN). The High Court will examine the matter on Friday along with a batch of petitions by the auditors who have challenged the constitutional validity of NFRA's power to investigate professional misconduct of auditors.

Railway engineering and consulting company Rites Ltd is close to signing international contracts to supply locomotives and wagons, even as it explores consulting services abroad, chairman and managing director Rahul Mithal said. The state-run company has emerged as the lowest-cost bidder for contracts worth Rs1,000 crore to supply locomotives and wagons to Zimbabwe and Mozambique, Mithal said in an interview.

₹7,000 crore in this financial year, a more than 16% rise from the previous year, said Anil Sardana, the company’s managing director and chief executive, in an interview. The company is planning to increase its capital expenditure outlay by about 10% every year, he added. “We are sitting with a huge order book.

Nuh and its adjoining areas in Gurugram, Haryana Chief Minister Manohar Lal on Wednesday said those who are responsible for violence will be held accountable for all the losses of private properties. In the aftermath of the violence in Nuh, the state government has cleared all the land-related hurdles for setting up a camp of CRPF's anti-riot unit, Rapid Action Force (RAF), at Indri village in the district, nearly five years after the approval from the Centre. The CM also sought four additional companies of central forces and said an India Reserve Battalion will also be deployed in Nuh.

₹55 crore over the next two years in the app to offer accessible, inclusive mental health support to people and provide a solution to help end the stigma of mental health. The made-in-India app, Shetty said, will democratize mental health treatment in India and worldwide. “I have seen the dedication of Manun since he launched Veda and when he came up with the idea to launch an app to make it affordable and accessible to people, my first question to him was how can I help? This app is a significant step in supporting people with mental health tools and online therapy so they can thrive in all aspects of their lives.

Mint has learnt. The project, which was announced during president Ranil Wickremesinghe’s visit to India in July, is expected to help Sri Lanka improve its energy security at an affordable cost. Among other things, the meetings are expected to touch on the physical alignment of the petroleum pipeline.

State Bank of India (SBI) has taken PC Jeweller to the National Company Law Tribunal (NCLT) with a plea to initiate insolvency proceedings against the city-based jewellery manufacturer and retailer claiming a default. A Delhi-based principal bench of NCLT had issued a notice to PC Jeweller last week directing it to file a reply over the plea filed by its financial creditor SBI under section 7 of the Insolvency & Bankruptcy Code.

₹5-10 lakh. Even regular daily treatments are very expensive. Prashanth Manikananda (49) from Thalakkad, Kerala, has been suffering from type 1 diabetes—a chronic condition in which the pancreas produces little or no insulin—for many years now.