Provident Financial News

HomeEquity Bank, Canada’s largest provider of reverse mortgages, is seeking to sell senior bonds denominated in local currency, according to chief financial officer Atul Chandra.

New Delhi: The Indian government and the Asian Development Bank (ADB) on Thursday signed an agreement for a $295-million loan to upgrade around 265 km of state highways with climate and disaster resilient design and road safety elements in Bihar, the ministry of finance said. The signatories to the agreement for enhancing connectivity and sustainability in Bihar Roads Project were Vumlunmang Vualnam, additional secretary, department of economic affairs, who signed on behalf of the Indian government, and Takeo Konishi, country director for ADB in India, who signed for ADB.

ITC Ltd while the conglomerate will be able to continue to enjoy the synergies for its other businesses such as fast moving consumer goods (FMCG) with hotels as it used to, chairman and managing director Sanjiv Puri said. ITC on Monday announced the demerger of the hotels business into a new entity which will be subsequently listed. As per the scheme of arrangement approved by ITC board, ITC Ltd will hold 40% stake in the new entity and the balance 60% will be held directly by the company’s shareholders proportionate to their shareholding in ITC Ltd. In an analyst meet held virtually on Thursday regarding this demerger, Puri said ITC Ltd’s financial ratios will improve substantially due to this demerger. “It will reinforce our position on sharper capital allocation, unlock value for existing shareholders and the way it has been structured, institutional synergies will remain,” he said. Elaborating, ITC’s chief financial officer and executive director Supratim Dutta told analysts that ITC’s segment capital employed on hotels business which is now about 20% will go off and so will segment EBIT (earnings before interest and taxes) of about 3-4% to ITC’s total EBIT. “There will be 18-20% improvement in return on capital employed (ROCE) and over 10% for return on invested capital (ROIC) for ITC,” he said. ROCE and ROIC are both key profitability ratios which helps to understand how well a company's capital is being employed to run the business.

Delhi High Court has imposed total costs of Rs 2 lakh on two restaurant bodies for failing to comply with an order passed in relation to their challenge to the guidelines prohibiting hotels and restaurants from automatically levying service charge on food bills. Justice Prathiba M Singh directed that the costs shall be paid to the Department of Consumer Affairs.

New Delhi: To support economic recovery, the Nepal Rasta Bank (NRB) has announced its monetary policy for the fiscal year 2023-24, focusing on controlling inflation, stabilizing interest rates, and ensuring credit demand. The policy comes amid the government’s prudent fiscal plan aimed at rationalizing expenditure and increasing domestic revenue mobilization.

₹1,405 crore, the Prime Minister’s Office (PMO) said. The facility, located in Hirasar village, around 30 km from Rajkot, is spread over an area of 1,025.50 hectares (2,534 acres), out of which the Airports Authority of India has constructed the airport in an area of 1,500 acres, it added. According to the PMO, the new airport has an amalgamation of modern technology and sustainable features.

Mahsa Amini, an Iranian Chess player Sarasadat Khademalsharieh, better known as Sara Khadem received her citizenship from Spain. The Moral Police with the backing of the Iranian authorities were seen abck on streets, 10 months after the death of a woman in their custody sparked nationwide protests. Khadem had moved to Spain in January, 2023, after she competed without a hijab and had an arrest warrant issued against her.

Cost-Effectiveness: Hair transplant procedures in Turkey are frequently less expensive than those in many other nations, making it a desirable choice for people looking for a budget-friendly option. Follicular Unit Extraction (FUE) and Follicular Unit Transplantation (FUT) surgeons with experience in the most recent procedures are available in Turkey, which also has a big number of reputed clinics for hair transplants. Modern equipment and state-of-the-art facilities are provided by many Turkish clinics to guarantee that patients receive the best care possible.

New Delhi: AirAsia India has received approval from the Indian civil aviation regulator to operate its flights under the Air India Express brand, the airline said on ThursdaY. Mint had exclusively reported on 25 July that AirAsia India has sought approvals from the civil aviation regulator Directorate General of Civil Aviation to expedite the integration of the two airlines, including a rebranding from AirAsia India to Air India Express. The move will result in harmonisation of customer touch points, products, and services across both airlines.

As the meme coin vertical springs into life, Dogecoin (DOGE) has shot up an impressive +19%, to test topside resistance as the leading coin attempts a recovery rally.

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By Gloria Dickie

Investing.com –The European Central Bank raised its key deposit rate by 25 basis points to 3.75% Thursday, its ninth increase in a row, as expected, as it continued to battle persistent inflation.

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finance ministry to expeditiously come out with a common ITR form to ease I-T return filing for individuals and non-business taxpayers. The ministry had in November last year proposed to come out with a user-friendly common income tax return form for all taxpayers, except trusts and non-profit organisations.

The responsibilities of digital marketers are continually evolving along with the trends in digital marketing as a result of developments in technology and the expansion of online platforms. New positions in the field of digital marketing have emerged as a result of the expanding social networking opportunities. The tasks and responsibilities of digital marketing that go into creating a successful digital marketing team must be clearly defined as more companies and organisations understand the value of a strong digital strategy. Explore ISB Digital Marketing and AnalyticsKey roles of digital marketing team include:Digital Marketing Manager Analytics Expert Content Strategist PPC Manager or Specialist Conversion Rate Optimizer (CRO) or Conversion Rate Manager (CRM) Search Engine Optimizer (SEO) User Experience (UX) De

Future Generali India Life Insurance has entered into a strategic alliance with JM Financial Services that will help it to elevate its insurance product offerings and extend its market presence across the country. The collaboration with JM Financial Services will unlock new opportunities for Future Generali India Life Insurance to diversify its product portfolio and leverage its distribution and financial advisory capabilities.

To help you pick the right product, we have ensured to add every information about the product you need to know to take a call about the bat. Please note that we have arranged our products in descending order in terms of the price so keep scrolling till the end to find the cheapest bat on the list.

New Delhi: Union minister Jitendra Singh on Thursday said that the UPSC has allowed candidates who had opted for Imphal as a centre for exam, to change and appear in any of the centres, viz., Aizawl, Delhi, Dispur, Jorhat, Kohima, Kolkata and Shillong. In a written reply to a question in the Rajya Sabha, the minister informed that this option was provided in the the Civil Services (Preliminary) Examination, 2023 (held on 28 May 2023) and in the recruitment tests for accounts officer/ enforcement officer and assistant provident fund commissioner (APFC) in the employees provident fund organisation (EPFO) (held on 2 July 2023).

₹50 per equity share and the share will be listed on the BSE SME exchange Friday, 4 August. The Innovatus Entertainment IPO has a total issue size of ₹774.00 lakh, which consists of freshly issued equity shares. The company plans to use the net proceeds from the offering to finance several objectives, including meeting extra working capital needs, buying exhibition-related merchandise, and basic business needs.

New Delhi: COP28 President-designate Sultan Al Jaber and United Nations Framework Convention on Climate Change (UNFCCC) executive secretary Simon Stiell on Thursday called upon G20 nations to take a greater leadership role in climate change mitigation and adaptation. With only 125 days to go, the leaders issued a joint statement on the sidelines of the G20 ministerial meeting in Chennai, calling on G20 nations to “lead the way" on delivering a positive outcome on mitigation at the COP28 climate conference this year.