Provident Financial News
26.07 / 17:47
Provident
Aviat
Airlines
show
country
Indian
Time
How first-time flyers give wing to Indian aviation
NEW DELHI : State-owned Airports Authority of India (AAI), India’s largest airport operator, followed a set formula of having one Indian toilet for every 10 western ones at its aerodromes. That, however, changed after the onset of the pandemic, as its headquarters in New Delhi received numerous requests from many heads of airports across the country asking for that criterion to be relaxed.
26.07 / 17:37
UPS
Provident
performer
Cipla posts 45% growth in Q1
NEW DELHI : Cipla Ltd on Wednesday reported a net profit of ₹996 crore in Q1, up 45.1% year-on-year (y-o-y), backed by strong US sales performance. The pharma company’s profit beat the Bloomberg consensus estimate of ₹860.4 crore in the three months to June. The company’s income from operations at ₹6,329 crore was up 17.7% year-on-year.
26.07 / 17:37
UPS
Provident
Manufacturing
Entertainment
country
‘Space industry can grow up to $100 bn’
New Delhi: India has the potential to develop a $40-$100 billion space industry by 2040 on the back of rising space budget, increased number of launch services from the country, entry of private players and startups, and boom in India’s satellite internet market, consultancy firm Arthur D. Little said in its latest report. Currently, India’s space industry is valued at $8 billion with a 2% share in the global space economy.
26.07 / 17:37
COST
UPS
Provident
show
performer
Mutual funds: Why direct plans are stealing the show
₹10 lakh over a five-year period in a regular plan and the current value of the investment is ₹18 lakh. This implies a profit of ₹8 lakh and you are liable to pay taxes on the profit during redemption. Now, since the investment horizon was more than one year, you have to pay a 10% long-term capital gains tax on the gains made.
26.07 / 17:25
UPS
Provident
Platform
Racing
GST Council to meet on August 2 to discuss 28% tax on online gaming
The special meeting is expected to thrash out issues such as repetitive taxation in determining the full face value among other matters flagged by the gaming industry. The Centre is likely to introduce a GST amendment bill in the ongoing monsoon session of parliament after the council’s deliberations.
26.07 / 17:25
Provident
Waves
stage
BJP women's wing holds 'Nahi Sahega Rajasthan' protest campaign
BJP Mahila Morcha protested across the state on Wednesday as part of the "Nahi Sahega Rajasthan" campaign which highlights crime against women. In the capital Jaipur, BJP Mahila Morcha state president Raksha Bhandari and office bearers staged a protest outside the official residence of Local Self Government Minister Shanti Dhariwal by waving red diaries and beating empty plates.
26.07 / 17:25
Provident
CEO
Strategy
Financial
Northern Arc’s ML tool NuScore to aid Pahal Financial Services’ underwriting
Northern Arc Capital has announced that its machine learning (ML)-based analytical tool, Nu Score will aid the underwriting and risk assessment for Gujarat-based NBFC, Pahal Financial Services. With this real-time insights from Nu Score, Pahal Financial Services foresees disbursements of Rs 2,000 crore to its 6.5 lakh borrowers in the 2024 fiscal.
26.07 / 17:05
UPS
Provident
FIVE
Extreme
stage
Study finds details of investment projects in Mizoram
Mizoram has announced during the last five years (2018-19 to 2022-23) new investment projects in the state worth Rs.7118 crore and completed projects worth Rs.320 crore and the projects under implementation and or are at various stages of completion of Rs,1,33,078 crore according to the just concluded study conducted by the MSME Export Promotion Council and the Confederation of Organic Food Producers and Marketing Agencies (COII). The study was released by MSME EPC chairman Dr D S Rawat.
26.07 / 17:01
26.07 / 17:01
Provident
Target
Tesla
BMW
Hyundai
Honda
network
In challenge to Tesla, major automakers launch EV charging network
(Reuters) — A group of major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the United States in a challenge to Tesla (NASDAQ:TSLA) and a bid to take advantage of Biden administration subsidies.
26.07 / 16:57
Provident
MET
Cooper
blues
Cooperation
biodiversity
Kiren Rijiju seeks EU cooperation in documenting marine biodiversity
Union Earth Sciences Minister Kiren Rijiju on Wednesday sought to collaborate with the European Union in using innovative and non-invasive approaches for inventorisation and documentation of marine biodiversity in areas beyond national jurisdiction. Rijiju mentioned this during his meeting with Virginijus Sinkevičius, the European Commissioner for Environment, Ocean and Fisheries.
26.07 / 16:57
Provident
Aware
country
PM to release Rs 17,000 crore to 8.5 crore PM-KISAN beneficiaries on Thursday
Narendra Modi on Thursday will release around Rs 17,000 crore as the 14th instalment to about 8.5 crore farmer beneficiaries under the PM-KISAN scheme. The amount will be transferred to the beneficiaries' bank accounts at an event in Sikar, Rajasthan on Thursday, an official statement said. The total amount transferred to beneficiaries since the inception of the scheme is expected to cross Rs 2.59 lakh crore.
26.07 / 16:57
COST
Citi
Provident
Maharashtra govt says no stamp duty on redeveloped housing society apartments
housing society that undergoes redevelopment need not pay stamp duty on the allotted permanent accommodation as part of the project. Following this, the member of the housing society undergoing redevelopment is expected to pay only Rs 100 as stamp duty, while the principal agreement between the development and the housing society will be charged as per the conveyance.
26.07 / 16:31
26.07 / 16:29
Provident
Art
Digital
Ripple
Align
Puzzle
Future
Universities should lead the way as we adapt to the future of work
The World Economic Forum’s (WEF) recent report on the future of work has presented an undeniable truth—our job landscape is undergoing a dramatic transformation, driven by advancements in technology, digitalization and sustainability. As these changes ripple across industries, our education system, particularly universities, are confronted with the critical task of adapting to ensure they adequately prepare students for the future of work. The WEF report notes that the fastest growing job roles are largely technology oriented.
26.07 / 16:29
Provident
MET
Platform
social
foreign
Replaced, Then Erased: Mystery Deepens Around China’s Former Foreign Minister
HONG KONG—China’s former foreign minister, who was replaced on Tuesday after he went missing from public view for more than a month, is now disappearing from parts of the Foreign Ministry’s website—an erasure that is intensifying intrigue around what happened to him. Authorities didn’t provide a reason for their decision to removeQin Gang from his post, which has now been filled—at least temporarily—by his predecessor Wang Yi. The Foreign Ministry previously cited unspecified health reasons for Qin’s absence.
26.07 / 16:29
26.07 / 16:29
Citi
Provident
Racing
Airlines
Pool
Boeing
Discover
Airbus Hit With New Supply-Chain Hurdle in Race With Boeing
LONDON—Airbus faces another high hurdle in delivering its bestselling jets as it races to solidify a commanding lead over rival Boeing. Airbus has been working to rapidly increase output of its bestselling A320 family of aircraft as it seeks to deliver on a backlog that now stretches out into the early 2030s. Many of those planes are powered by a certain type of Pratt & Whitney engine, which the engine maker said earlier this week will need to be recalled and inspected.
26.07 / 15:55
Blockchain
Provident
Digital
Waters
SEC
CEO
Patrick
committee
Crypto bills to face congressional committee vote
congressional committee is set to vote this week on several bills that would develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill in its efforts to codify federal oversight for the digital asset industry. The crypto industry has been in the regulatory crosshairs since investors were burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and other companies.
26.07 / 15:55
Provident
Target
Progressive
CEO
Strategy
Align
Renewables
ReNew, Gentari collaborate to invest in 5GW renewables in India
ReNew Power and clean energy solutions provider Gentari on Wednesday announced a strategic collaboration to form a 50:50 joint venture for exploring avenues to invest in 5 GW renewable capacity in India. The collaboration between the parties follows Gentari's initial investment for a 49 per cent equity stake in ReNew's 403 MW Peak Power project in May this year, a company statement said.
26.07 / 15:29
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