Provident Financial News

Home loan interest rates charged by the major banks to new borrowers are outpacing official cash rate increases, as lenders shift from writing mortgages at below the cost of capital to safeguarding profits and dividends.

The Tax Office signed a confidential settlement with PwC in March involving the firm’s false claims for legal professional privilege over 150 documents related to tax advice to a multinational client.

London | McKinsey chief Bob Sternfels has signalled he plans to run for a second term as managing partner as he rebuilds the consultancy after years of reputational crises and as the firm battles mounting economic and geopolitical challenges.

MUMBAI : Go Airlines India Ltd, the operator of bankrupt Go First airline, aims to secure higher interim financing of ₹600-700 crore from banks and start with fewer flights than earlier planned in its revised strategy to resume operations, two people directly aware of the plan said. “We have revised our original plan.

KKR, has acquired four road assets from Macquarie India in a deal worth ₹3,000 crore. Earlier, Adani Road Transport had agreed to acquire these road assets for ₹3,100 crore, but terminated the deal last month citing «unsatisfactory conditions». Highways Infrastructure Trust (HIT) will acquire Gujarat Road & Infrastructure (GRICL) and Swarna Tollway (STPL), the InvIT said in a filing with stock exchanges.

Experion Capital, has made its debut investment in India by providing ₹200 crore as project finance for Vatika Group's luxury residential project, Sovereign Park in Gurugram, three persons aware of the development said. The investment includes a term loan that aids in partial refinance to the current lender and the remaining amount directed towards construction, said the sources.

Dogecoin has shown significant performance, becoming the best-performing project of the day. 

Manipur brought back the focus on the free movement regime (FMR) along the India-Myanmar border, an earlier effort in the context of Nagaland could provide insights into ways to regulate this six decades old pact with Myanmar. The Nagaland administration in 2019-20 introduced legal provisions and ways to strengthen FMR after its reported misuse.

BEIRUT (Reuters) -At least six people were killed in two days of clashes in a Palestinian refugee camp in Lebanon, where the mainstream faction Fatah fought against rival groups that support Islamists, security sources said.

The NTSB is renewing its calls for major freight railroads to equip every locomotive with automated track inspection devices that it believes could have prevented a 2021 train derailment that killed three people in Montana

Previously, one could easily find details of income, tax deducted at source (TDS), etc., in the 26AS form and this aided the filing of income tax return (ITR). However, the tax department has now trifurcated the annual information statement (AIS) into three sections—AIS, taxpayer information summary (TIS) and statement of financial transaction (SFT). Sometimes, this is very confusing as all three sections can have different figures under a particular income head. How do I ensure that there are no errors in filing the ITR and avoid attracting a tax notice? —Dilip Saxena Form 26AS is an annual tax statement which primarily provides details of TDS, and tax collected at source (TCS), along with the corresponding income against which such deduction has been done.

I-T department tweeted. The number of ITRs filed has exceeded the number of returns filed last year till July 31. The department also said more than 1.30 crore successful logins were there on the e-filing portal till 6.30 pm, Sunday.

Company Law Committee, a government-appointed panel, is likely to discuss whether there is a need for a stricter regulatory regime for startups against the backdrop of instances of corporate governance concerns at some of the entities, PTI reported Sunday citing a senior government official. The move comes as part of the government’s efforts to boost the growth of startups in the country amid delay by the Bengaluru-based edtech major BYJU'S in submitting its financial statements and corporate governance concerns.

Minnesota Bureau of Criminal Apprehension announced the cancellation of an Amber Alert issued for a 2-year-old boy late Saturday night. The child was reported to be found safe, and authorities took a 41-year-old suspect into custody early Sunday. The Becker Police Department also confirmed the child's safe return to his family but refrained from providing immediate details on the circumstances of his recovery or the arrest of the suspect.

Mitch McConnell, a prominent figure in U.S. politics, holds a position of significant influence within both his party and the government. As the longest-serving Republican Senator in history, his tenure has been marked by continuous support from voters in his state, evidenced by his victory in seven Senate elections, most recently in 2020. Since January 3, 2007, McConnell has held the role of either minority or majority leader for the Republican caucus.

Income tax returns (ITRs) were also modified accordingly, and the current tax filings will be the first instance when income from transfer of VDAs will be captured separately. This has thrown up various questions and left stakeholders looking for answers.

The Manipur government Saturday started the process of collecting biometric details all illegal Myanmar immigrants in the northeastern border state following the Union ministry of home affairs directive, a senior official said. “On instructions of the ministry of home affairs, Government of India, to complete the campaign for biometric capture of illegal Myanmar immigrants in the state of Manipur by September 2023, the government of Manipur has resumed its campaign for biometric capture of all illegal immigrants in the state from today (July 29)," joint secretary (home) Peter Salam, who is the state’s nodal officer, said in a press release. “The campaign will continue in all districts until biometric data of all illegal Myanmar immigrants in the state are successfully captured," it said.

ISRO's Polar Satellite Launch Vehicle (PSLV) placed seven Singaporean satellites in orbits, Hyderabad-based Ananth Technologies contributed a range of components that made the spaceflight a success. Ananth Technologies Limited (ATL) supplied avionics packages and power systems for the PSLV, which had its 56th launch on Sunday and was also responsible for the sub-assembly integration of ISRO's warhorse rocket.

Kiren Rijiju on Sunday said the Centre has sanctioned the upgradation of 91 roads covering a length of 720.75 kilometres and 30 long-span bridges in Arunachal Pradesh under the Pradhan Mantri Gram Sadak Yojana. In a statement, Rijiju, the minister of earth sciences, said the total estimated cost of these projects is Rs 757.58 crore.

assembly elections in Arunachal Pradesh next year, said party national secretary (organisation) Dr Sandeep Pathak in New Delhi on Sunday. Chairing a meeting of AAP's Arunachal Pradesh unit, Pathak suggested strengthening the party organisation and connecting with the masses.

Afsar Pasha masterminded the Mangaluru bomb blast that occurred in November last year and he provided training in making cooker bombs to the accused in the case, a police official said on Sunday. Pasha, who had earlier received training in making bombs in Bangladesh, provided training to the Mangaluru blast case accused during their stay in a jail in Karnataka, he said.