Provident Financial News
02.08 / 11:01
Provident
Lowe's
Digital
Software
MicroStrategy
Bitcoin
Bitcoin rally could endure if US manages a soft landing
The crypto market rebound this year could have room to run if the US economy manages to achieve a soft landing.
02.08 / 10:27
Provident
FIVE
Waters
show
country
cover
Unemployment
Unemployment Rate
Unemployment rate falls to 7.95% in July due to rise in agricultural labour demand
unemployment rate fell last month mainly due to increased demand for agricultural labour in rural areas with the onset of the monsoon season. According to a report published by Bloomberg citing Centre for Monitoring Indian Economy(CMIE) data for the month of July, the total joblessness rate fell to 7.95% in July, from 8.45% in June The seasonal monsoon rains have covered the entire country and it is critical as the monsoon rains water nearly half of the country's agricultural land have raised the expectations of higher production in farm products and also helping in economic growth.
02.08 / 10:27
UPS
Provident
Target
Explainer
Mint Explainer: Why does the outlook for union govt’s finances remain positive?
Mint explains why. In the first quarter of FY24 the government’s fiscal deficit widened to ₹4.51 trillion, or 25.3% of annual estimates, up from 21.2% a year ago. This was largely due to a sharp increase in capital expenditure and accelerated tax devolution to state governments, which offset the increase in non-tax revenue.
02.08 / 10:07
Provident
Twitter
Succession laws: Can grandchildren be appointed as Karta of Hindu Undivided Family (HUF)?
My grandfather was operating his HUF bank account in Syndicate Bank as Karta of the HUF and paying regular taxes. He passed away in June 2023 leaving behind two grandsons, two daughters, and his wife. His son (my father) passed away 12 years back. Who can now become the Karta of the HUF and carry on the account transaction? What is the procedure to follow with the bank in this case?
02.08 / 10:03
Provident
Target
stage
Power
Solar
Tata Power Renewable signs pacts with Maharashtra discom for two solar projects
New Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, on Wednesday signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for commissioning two solar power projects.
02.08 / 10:03
Provident
NASDAQ
NIFTY
SENSEX
Fitch
Sensex today cracks nearly 1,000 points: Here are 5 reasons why market is falling - Explained
midcap and smallcap indices also falling over a percent each. All the sectoral indices were trading in the red with banks, auto and metals falling the most. Tata Motors, Hero MotoCorp, Tata Steel, Coal India were among the top losers on the Nifty today.
02.08 / 10:01
02.08 / 09:57
Provident
Aware
CEO
Align
Parke
performer
track
Dubai gets AI-powered smart pedestrian crossing system. How it works
Dubai Silicon Oasis (DSO) in partnership with Derq has implemented of 14 AI smart pedestrian crossing systems. This achievement follows extensive testing over a period of two years. Dubai Silicon Oasis, a technology park and a a member of the Dubai Integrated Economic Zones Authority, provides both integrated living and working community facilities.
02.08 / 09:47
02.08 / 09:47
COST
UPS
Provident
BLOCK
Patrick
Brookfield
Brookfield preps sale of Asciano bulk transport spin-off; Azure hired
Brookfield is testing buyer appetite for Australia and New Zealand logistics business Linx Cargo Care Group, seven years after it birthed the business out of Asciano’s $9 billion take-private.
02.08 / 09:47
Provident
MET
Williams
Manufacturing
Seafolly sold to mysterious Asian buyer by private equity parent
Homegrown swimwear brand Seafolly has been sold by its private equity owner, US retail specialist L Catterton, to an Asian strategic buyer in a deal valuing the famous label at about $70 million.
02.08 / 09:47
COST
UPS
Provident
show
country
Carlyle
Platinum Equity stalks Carlyle Group’s Accolade Wines
As Australia’s second-largest wine group and its advisers bunker down on what’s expected to be a protracted recapitalisation process, Street Talk understands American buyout group Platinum Equity is getting its ducks in a row.
02.08 / 09:17
Provident
Target
stage
country
Power
Solar
Tata Power Renewable Energy signs PPAs with MSEDCL for 200 MW and 150 MW solar projects
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for commissioning two solar power projects, 200 MW and 150 MW, respectively.
02.08 / 09:17
Provident
Citizens
Waters
Stealth
social
Haldane calls out CBDC" stealth tax scandal"
In an op-ed for the Financial Times, Haldane argues the decision by central banks not to pay interest on citizen CBDC holdings reinforces a regressive tax levvied on consumers who rely on cash."Physical cash is an interest-free loan to government, a direct tax on citizens levied in proportion to their cash holdings at a tax rate given by the interest rate," he writes. "Most people are blissfully unaware they are being taxed in this way.
02.08 / 09:11
02.08 / 08:35
Provident
Digital
Manufacturing
Software
performer
Technical breakout: Coal India, Persistent Systems, 7 other stocks cross 100-day SMA
100-day Simple Moving Average is a crucial technical indicator for stocks, often signaling potential shifts in short-term trends. On August 1, 2023, companies such as Jindal Worldwide, Vinati Organics, Navin Fluorine International, Persistent Systems, and Page Industries showcased strong performance in their respective sectors. Let's explore the performance of these stocks.
02.08 / 08:35
Provident
NTPC, Ipca Lab among 10 overbought stocks with RSI above 70
Relative Strength Index (RSI) stands out as a valuable tool that helps investors gauge a stock's momentum and potential overbought or oversold conditions. On August 1, StockEdge reported over 100 stocks trading in the overbought zone, and ETMarkets has handpicked 10 of these stocks to delve deeper into their RSI movement. In this article, we will explore the importance of RSI and its implications for investors in the context of the selected overbought stocks.
02.08 / 07:59
UPS
Provident
FIVE
Manufacturing
Enterprise
RPG
exits
stake
Financial
Ashish Dhawan picks stake in this financial stock, likely exits 2 tech firms
Ashish Dhawan added Religare Enterprises to his portfolio in the quarter ended June 2023 while he likely exited two companies — Birlasoft and Zensar Technologies. Dhawan picked up a 1.66% stake in Religare Enterprises (REL) — a diversified financial services group giving services across verticals viz. loans to SMEs, affordable housing finance, health insurance and retail broking.
02.08 / 07:59
Provident
Manufacturing
Remark
performer
electronic
week
DB Corp, Dilip Buildcon among 10 small cap stocks which hit new 52-week high on Wednesday
BSE SmallCap stocks have surged to new heights, hitting their 52-week highs on August 2. Investors were enthused as prominent companies like DB Corp, Dilip Buildcon, and DCM Shriram industries displayed remarkable performance, leading the rally. The data was sourced from BSE at 12.35 pm, and the updates from the real-time data could come with a lag.
02.08 / 07:25
UPS
Citi
Provident
Target
Career
Quest Global looks to grow presence in India
Quest Global is looking to grow its presence in India, and is hiring across its different verticals — aerospace and defence, semiconductor energy, medtech, and high tech. “Last year, we grew our headcount by about 15%, whereas our competitors grew by about 8-10%, and we expect this growth to continue,” Colleen Doherty, chief people officer, told ET. The engineering solutions company has about 17,500 employees globally, out of which about 10,000 are based in India, Doherty said.
02.08 / 07:09
Provident
FIVE
Cooper
Platform
Strategy
AGRO
track
From Mehul Choksi's Gitanjali Gems to ABG Shipyard, top-50 defaulters owe over ₹87,000 crore to lenders
₹87,295 crore to banks and financial institutions, according to the Union Finance Ministry. Fugitive Mehul Choksi's Gitanjali Gems is the biggest wilful defaulter owing ₹8,738 crore to banks, followed by Era Infra Engineering Limited owing ₹5,750 crore, REI Agro Limited ₹5,148 crore, ABG Shipyard Limited ₹4,774 crore, and Concast Steel and Power Limited ₹3,911 crore. Other wilful defaults are Rotomac Global Private Limited ₹2,894 crore, Winsome Diamonds and Jewellery Limited ₹2,846 crore, Frost International Limited ₹2,518 crore, Shri Lakshmi Cotsyn Limited ₹2,180 crore, and Zoom Developers Private Limited ₹2,066 crore.
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