Provident Financial News

Supreme Court has said it is «amazed» to see an order of the Allahabad High Court which dismissed a plea by five accused seeking anticipatory bail in a criminal case but granted them protection against coercive steps for two months, terming it «self-contradictory». The high court had in May last year rejected the anticipatory bail application filed by five accused in a case registered in Saharanpur district under the provisions of the Uttar Pradesh Gangsters and Anti-Social Activities (Prevention) Act, 1986.

, bonds, mutual funds, and other forms of protection are all under the supervision of a demat account. Additionally, it is user-friendly and provides you with a host of advantages. To purchase mutual funds, a Demat Account is not necessary.

New Delhi: The Lok Sabha on Wednesday passed the Forest Conservation (Amendment) Bill, 2023, which will exempt land within 100km of border that is needed for national security projects, small roadside amenities, and public roads leading to a habitation, from the purview of the forest conservation laws. The Bill was passed after a brief debate in the lower house of the parliament, before the session was adjourned for the day amid continued protests by opposition members over violence in Manipur.

New Delhi: Union minister Jitendra Singh on Wednesday said that there was adequate insurance cover offered for nuclear incidents in the country. In a written reply to a question in the Lok Sabha, the minister said, India has enacted Civil Liability for Nuclear Damage (CLND) Act 2010 to provide for civil liability for nuclear damage and prompt compensation to the victims of a nuclear incident through a no-fault liability regime channelling liability to the operator.

New Delhi: The government on Wednesday tabled the Registration of Births and Deaths (Amendment) Bill, 2023 in the Lok Sabha. The new bill mandates Aadhaar number use for birth certification. This development is part of an amendment to the original 1969 Act, which could streamline the processes for registering births and deaths.

Gurugram residents can call a helpline number for collection and disposal of construction and disposal (C&D) waste. Municipal Corporation Gurugram (MCG) has launched a new helpline number (9015339966) for residents to directly request the collection of their construction waste. As per a ToI report, The move aims to curb the activities of unauthorized vendors who often dispose of the waste irresponsibly on roads and vacant plots.

Prem Singh Tamang on Wednesday said that his government will give 12-month maternity leave and 1-month paternity leave to its employees. Addressing the annual general meeting of the Sikkim State Civil Service Officers' Association (SSCSOA) here, he said changes will be made in the service rules to provide the benefit. This benefit will help the government employees to take better care of their children and families, he said.

Samsung Galaxy Watch 6 Series is here. It consists of two smartwatches - Samsung Galaxy Watch 6 and Galaxy Watch 6 Classic which the company says are designed to help users build healthier habits every day and through the night. “With the new Galaxy Watch6 and Galaxy Watch6 Classic, we are delivering on our commitment to democratize advanced health monitoring tools, now offering easier access right from the wrist," said TM Roh, President and Head of Mobile eXperience at Samsung Electronics.

By Aishwarya Nair

The price of Dogecoin (DOGE) has gained by 1.5% in the past 24 hours, climbing to $0.078600 after Twitter rebranded to 'X' and Elon Musk put the cryptocurrency's logo in his bio on the social network.

Mumbai: Payment solutions provider Hitachi Payment Services on Wednesday said it has entered into an agreement with Writer Corp, a multi-business enterprise, to acquire its cash management business. Writer Safeguard, the cash management business of Writer Corp, has been providing services including ATM cash replenishment and retail cash pick-up services to corporate clients in India since 2001.

Galaxy Unpacked event, Samsung today took the wraps off its latest generation of Galaxy Z Flip foldaphone. The company unveiled Galaxy Z Flip 5 with 6.7-inch FHD+ Dynamic AMOLED 2X main display and 3.4-inch Super AMOLED 60Hz cover display. TM Roh, President and Head of Mobile eXperience Business at Samsung Electronics said “Samsung is revolutionizing the mobile industry with foldables by setting the standard and continually refining the experience.

communications (UCC) continue to grow as telecom operators received 904, 359 complaints in calendar year 2022 compared to 855, 771 complaints in 2021 and 307, 043 complaints in 2020 (April-December period), according to data shared by minister of state for communications Devusinh Chauhan in the Lok Sabha on Wednesday. Last year, telcos disconnected 32, 032 numbers that were found in repeated violation of regulations regarding telemarketing, while more than 300, 000 connections were imposed with usage caps of 20 outgoing calls and messages a day and 409, 739 connections were issued warnings for violation regulations, he added.

Fifteen students have already availed the early exit option, which is in accordance with the NEP's recommendation of providing multiple entry and exit points in educational programs. While admissions to IITs are based on JEE (Advanced), lateral entry is not currently possible. The NEP suggests offering a certificate, diploma, and degree if students choose to exit after the first, second, or third years, respectively.

HCLTech said on Wednesday it has expanded its collaboration with Microsoft to provide high-performance computing (HPC) solutions for clients in various industries. HCLTech plans to train 3,000 professionals over three years and create a dedicated lab-cum-centre of excellence (CoE) with Microsoft.

Air India has placed orders for wide-body aircraft of 34 A350-1000, six A350-900, 20 Boeing 787 Dreamliner, and 10 Boeing 777X wide-body aircraft, thus bolstering India’s cargo ecosystem, the airline announced on Wednesday. “At Air India, we see a huge potential in the air cargo industry, which the Indian Government plans to grow to 10 million tonnes by 2030.

BMC) has announced that online application for setting up Ganpati Pandals on city roads can be done online starting August 1. The 11-day festival will commence on September 19 this year. As per a ToI report, to streamline the process and reduce hassle for the mandals, a one-window system will be implemented, allowing them to apply for pandal permission without separately approaching the police, traffic police, and fire brigade.

Fidelity International opens its global capability centre in Bengaluru and will hire around 800 employees over the next two years. The new office will complement its current Gurugram and Mumbai offices which already host around 4,500 employees. The investment and retirement savings firm will tap into the local talent pool available in city and leverage their expertise to seize international market opportunities.

Osaic has welcomed its first advisor team since it rebranded and began the consolidation of its large network of broker-dealers.

Global equities struggled on Wednesday as investors braced for more policy-tightening from the Federal Reserve, even as results from some of the biggest European and American companies hinted at a softening economy. 

Edelweiss Mutual Fund has made a significant move to benefit passive investors by reducing the expense ratio across its passive equity index schemes in direct plans. The expense ratio has been cut to a record-low of 0.05 percent, the lowest among Nifty 50 index funds in India. This reduction aims to boost investor returns and minimize tracking errors for passive funds. The expense ratio reduction is expected to bring down tracking error and tracking difference, which is the difference between the returns of the fund and the benchmark index it aims to replicate. This shall help these low cost passive funds stay closer to their benchmark performance, giving investors more accurate exposure to the index they are tracking.Edelweiss MFs schemes changed their expense ratio in below index funds with immediate effect — Edelweiss Nifty 50 Index Fund — Direct Plan 0.05%, Edelweiss Nifty Next 50 Index Fund — Direct Plan 0.09%, Edelweiss Nifty Midcap 150 Momentum 50 Index Fund -0.14%, Edelweiss Nifty Smallcap 250 Index Fund -0.14%, Edelweiss NIFTY Large Mid Cap 250 Index Fund -0.14%, and Edelweiss Nifty 100 Quality 30 Index Fund -0.14%. This strategic decision by Edelweiss Mutual Fund, known for its innovative and low-cost offerings, reinforces its commitment to provide good passive solutions to investors. The fund house achieved a notable milestone earlier this year by crossing 1 lakh crore AUM. With this latest move, Edelweiss Mutual Fund sets a new industry benchmark for expense ratios in India, attracting investors seeking optimal returns with minimized costs.