Provident Financial News

₹139 crore) in a mix of equity and debt as a part of its Series A funding round led by global venture capital firm RTP Global. YourNest, Omidyar Network India, Global Brain, Blume Founders Fund, Alteria Capital, Stride Ventures, Stride One and 9 Unicorns also participated in the round. Wiom plans to use the fresh capital to expand its footprint across India while investing in talent and distributed delivery architecture, the company said in a statement.

With heat waves spreading across the United States, President Joe Biden has announced new steps to protect workers, improve weather forecasts and make drinking water more accessible

More than 1,000 U.S. service personnel are in Niger to combat the growing threat from various groups of Islamic extremists

Jujutsu Kaisen Season 2 Episode 5 will be the sole episode in the Premature Death sub-arc, which will encompass the widely referred to Gojo's Past arc. Below, you can find a comprehensive list of release times and streaming information for Jujutsu Kaisen Season 2 Episode 5.

Ten years after publishing her book “Lean In: Women, Work and the Will to Lead,” Sheryl Sandberg will launch a girls leadership program Thursday through her foundation to respond to what she calls stubborn gender inequities

Elon Musk may want to send “tweet” back to the birds, but the ubiquitous term for posting on the site he now calls X is here to stay — at least for now

BJP on Thursday demanded a judicial probe into the death of two people in Katihar, Bihar, in police firing a day before. Two persons were killed and several others injured on Wednesday as police opened fire in Bihar's Katihar district following stone-pelting by protesters who were demanding better electricity supply. «It is shameful to kill two people by firing on those demanding electricity in Katihar and then to justify it.

NEW DELHI : Nuclear families comprised half of Indian households in 2022, up from 34% in 2008, signifying a major shift in the way families reside in small and large cities. This change in family structure has a bearing on future consumption as nuclear families tend to outspend joint families and experiment with more premium products, market researcher and insights provider Kantar said in a report. Nuclear families are better educated with 80% having some level of education.

Supreme Court on Thursday allowed Directorate of Enforcement (ED) head S K Mishra to stay in office till September 15, 2023, in «larger public interest», but clarified that no application seeking further extension of his term will be entertained in future. A bench headed by Justice B R Gavai said Mishra will cease to be the ED director post September 15. The order was passed on an application filed by the central government seeking extension of Mishra's tenure till October 15.

U.S. regulators plan to make large banks bolster their financial footing, moves that could have an outsize effect on companies such as American Express and Morgan Stanley that rely on types of fee income targeted by the new rules. Banking regulators on Thursday proposed new rules that could raise overall capital requirements by roughly 20% at the largest banks, officials said.

NEW DELHI : India and Iran are expected to sign a long-term deal for the development of Iran’s Chabahar Port by September before the Global Maritime India Summit 2023 scheduled in New Delhi in October, two people familiar with the matter said. After years of negotiations, Delhi and Tehran are expected to sign a multi-year deal, allowing India to develop the Shahid Beheshti Terminal in the Chabahar port. In 2016, India Ports Global Ltd (IPGL) and Arya Banader of Iran had signed a contract to develop the port.

Summer is bringing us hot days, vacations—and a Covid bump. If you are surprised to learn that your neighbor, co-worker or kid’s best friend just tested positive for Covid-19, don’t be. Measures of Covid rates including virus levels in wastewater, ER visits, test positivity and hospital admissions are increasing nationally, according to the most recent Centers for Disease Control and Prevention data.

Investment professionals in both China and India are largely bullish on Central Bank Digital Currency (CBDC), according to a new survey from the CFA Institute.

Hospital operators are taking a hard line on how their vendors and suppliers secure their systems, amid a string of third-party cyber incidents that have caused data breaches and lawsuits at healthcare providers. The Health 3rd Party Trust Initiative, an industry group comprising major healthcare providers, on Thursday published best practices for assessing the cybersecurity of suppliers, such as enforcing clarity about service expectations, specific questions to ask vendors and blueprints for resolving security issues.

New Delhi: Markets regulator Securities and Exchange Board of India(Sebi) on Thursday issued a framework for the Corporate Debt Market Development Fund (CDMDF). This comes after Sebi notified the rules for setting up such a fund in the form of an Alternative Investment Fund (AIF) which will support markets by buying debt securities during times of financial stress. In the 12-page circular, Sebi said this fund will help in instilling confidence among the participants in the corporate bond market and generally enhance secondary market liquidity by creating a permanent institutional framework for activation in times of market stress.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Earlier in the week, major announcements by Larsen & Toubro (L&T) and ITC led to movements in the stock markets. The government approved a hike in the interest rate on employees' provident fund (EPF) to 8.15% for 2022-23.

Even if high, India's public debt is not unsustainable as per the standard metrics. A first criterion for sustainability is whether there is a significant rollover risk, where government suddenly finds it impossible to replace maturing debt at any price. A captive market for public debt among banks, insurance companies, provident funds and high household savings has enabled the government to fund its deficits without undue pressure on borrowing costs.

S. Jaishankar held the 15th India-Japan Foreign Ministers' Strategic Dialogue with Yoshimasa Hayashi, Minister of Foreign Affairs of Japan here on Thursday. They explored potential areas of collaboration in critical and emerging technologies, including semiconductors; resilient supply chains; and digital public infrastructure, among others. The meeting provided an opportunity to review the progress made in the India-Japan Special Strategic and Global Partnership. The Ministers engaged in comprehensive discussions covering a wide range of issues of bilateral, regional, and global significance. They highlighted the importance of further strengthening India-Japan partnership based on shared values and principles. The Ministers emphasized the importance of achieving the target of JPY 5 trillion Japanese investment in India in the period 2022-27.

NASA’s James Webb Space Telescope. Nestled within the Vela constellation and situated 1,470 light-years away, these stars continue to actively form and revolve around each other. Over the past decades, Herbig-Haro 46/47 has been the subject of extensive study and observation by various space and ground-based telescopes. However, it is the James Webb Space Telescope that has now delivered the most detailed and highest-resolution image in near-infrared light. Webb's unique capabilities allow it to penetrate the obscuring nebula encompassing the stars, revealing a gas and dust-filled environment that remains invisible in visible-light images taken by other telescopes.

Organisations now recognise the importance of investing in their most valuable asset: their people. A recent report revealed that India’s soft skills training market size reached $ 581.2 million in 2022. It is forecasted to reach $ 1.2 billion by 2028, compounded by a growth rate (CAGR) of 11.9 per cent during 2023-2028.

New Delhi: Government pushed through its busy legislative agenda for the monsoon session by introducing and clearing few more bills including the Jan Vishwas and Offshore Areas Mineral Amendment Bills on Thursday. The government initiated the legislative agenda amidst a din in both houses of Parliament which faced several adjournments during the day. Most of the bills were introduced or passed by voice vote without proper debate on its provisions.