Provident Financial News

The events of the past year have highlighted the intrinsic volatility and structural vulnerabilities of crypto-assets and related players. The global standards body is concerned that if linkages to traditional finance were to grow further, spillovers from crypto-asset markets into the broader financial system could increase.Regulatory authorities across multiple jurisidtions have been recommended to apply nine key objectives, with the objective of establising a global regulatory baseline.The framework consists of two distinct sets of recommendations for the oversight of crypto-asset activities and markets and the supervision of global stablecoin arrangements.

Investing.com — Investors prepare for a raft of fresh corporate earnings this week that will include some of the largest U.S. banks and major tech industry players. Elsewhere, Chinese quarterly growth figures provide further evidence of the country's sputtering recovery from the pandemic. Plus, Microsoft signs a licensing agreement with PlayStation over the «Call of Duty» gaming franchise that could bring the tech giant's mega-merger with Activision Blizzard one step closer to completion.

Tata Motors is currently providing substantial discounts on its car lineup for the month of July. Customers can avail benefits worth up to ₹50,000, depending on the specific model they choose to purchase. This discount scheme applies to popular Tata models such as the Tiago and Altroz hatchbacks, Tigor sedan, and the Harrier and Safari SUVs.

In this video, we explore how ONDC is set to trans... moreIn this video, we explore how ONDC is set to transform the way Indians shop online.

Recent reports from multiple real estate consultancy firms have highlighted a consistent trend in the office market – the increasing popularity of flexible and managed office spaces. These reports unanimously indicate a significant growth in the leasing of flex space. For instance, according to Q2 2023 (calendar year) office market report by Colliers—Leasing by flex spaces surged 58% YoY during the quarter, as occupiers continued to adopt flex spaces as a long-term strategy.

MLR Auto, a subsidiary of Greaves Electric Mobility, the e-mobility business of Greaves Cotton, has inked a strategic partnership with Vidyuttech, a leading financing platform and lifecycle management service provider. 

The unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt, reveals an analysis of the financials declared by the top 8 developers engaged in the development of residential real estate.

Reward points are crucial to help you make the maximum use of your credit card spending. Often, cardholders use these reward points for availing discounts on travel, hotel bookings, purchasing apparels, and jewellery, among others.

In a groundbreaking endeavor, the NISAR satellite is taking shape in Bengaluru, India, as NASA and ISRO combine their expertise to create a powerful spacecraft. Scheduled for launch in early 2024, the NISAR (NASA-ISRO Synthetic Aperture Radar) mission aims to revolutionize our understanding of Earth’s land and ice surfaces with unparalleled precision. By monitoring every corner of our planet at least once every 12 days, NISAR will unlock insights into dynamic ecosystems such as forests, wetlands, and agricultural lands.

India witnessed 13.5 crore people moving out of multidimensional poverty between 2015-16 and 2019-21 with fastest reduction in Uttar Pradesh, Bihar, Madhya Pradesh, Odisha and Rajasthan, a Niti Aayog report said on Monday. The report — 'National Multidimensional Poverty Index: A progress of Review 2023' — was released by Suman Bery, Vice-Chairman, Niti Aayog.

United Nations Development Programme (UNDP) and Absolute®, a bioscience company, on Monday signed a Memorandum of Understanding (MoU) to strengthen the government of India’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) and enhance the resilience of the farmers. India faces challenges such as weather fluctuations, pest attacks, erratic rainfall, and humidity affecting agricultural produce.

This year, the shortlisted nominees for the ETPWLA 2023 — Technology Leader of the Year Award category are Ishu Jain, Head of Central Analytics, Swiggy; Neeti Wahi, Group Chief Information & Digital Officer, Sterlite Power; Priya Kanduri, CTO, SVP – Cyber Security Services, Happiest Minds Technologies Limited; Ruma Kishore, Global Director, Digital Transformation Customer Experience, Unilever and Vaishali Rana, Deputy Chief — Management Information Systems, CERC. These nominees have showcased strong leadership, achieved outstanding outcomes, and driven key advancements within the technology domain.

personal loans and credit cards, which are largely unsecured, rose the sharpest. But what’s more alarming is that delinquency in this category has risen for personal loans compared to pre-COVID levels. Now the burning question of the hour -What do you do next if you are a defaulter? This can be a very stressful experience for many people who don’t know how to handle harassment from loan recovery agents.

«Basically we are looking at the deal to be more or less neutral given it is announced close to the current market price,» says Nikhil Choudhary, Nuvama Institutional.What is your first take as far as this deal is concerned do you see it as a bit of a negative for the minority shareholders?Basically we are looking at the deal to be more or less neutral given it is announced close to the current market price. This will provide Route entry into the developed market given Route's primary revenue base is currently in the emerging market. This will help them scale from a distant fifth, sixth number player to now a third communications service provider player.

Relative Strength Index (RSI) is an essential tool that can aid investors in assessing stock movements in the stocks. On July 14, Friday, StockEdge reported that 38 stocks were trending up, and from this group, ETMarkets has selected 10 stocks that are currently trending up. The RSI is a widely used technical analysis indicator that provides insights into the strength and momentum of a stock's price movement.

Himachal Pradesh Deputy Chief Minister Mukesh Agnihotri on Monday said the Jal Shakti Department has suffered losses to the tune of Rs 1,411 crore due to floods and landslides caused by heavy rains in the hill state. He said 5,203 drinking water schemes, 1,237 irrigation schemes and 55 sewerage schemes were affected while 101 flood control works were damaged. Agnihotri, who holds the portfolio of Jal Shakti Vibhag, said while 4,623 schemes have been restored so far, it will take time to fix all of them. «We have been able to restore them because of the passionate and steely spirits of our employees,» he said. «I appreciate the work being done by the employees and officers of the department for the restoration of drinking water and sewerage schemes in difficult circumstances,» he added. Agnihotri said the government's aim was to provide relief to the affected people at the earliest.

Utkarsh Small Finance Bank IPO: The initial public offering (IPO) of Utkarsh Small Finance Bank opened for bidding on 12th July 2023 and bidding for the book build issue closed on 14th July 2023. In three days of bidding, Utkarsh Small Finance Bank IPO subscription status informs that the public issue has been subscribed 101.91 times whereas its retail portion got subscribed 72.11 times. After strong response by investors, all eyes are now set on Utkarsh Small Finance Bank IPO allotment date, which is most likely on 19th July 2023.

₹710 crore, the new integrated terminal building will play a key role in boosting connectivity of the union territory, it added. With a total built-up area of around 40,800 sqm., the new terminal is capable of handling about 50 lakh passengers annually.

money management, such as fixed deposits or repeated deposits, which provided a stable return rate. Today, everyone, from young to elderly, is investing in the stock market, and this type of investment is growing steadily. The securities exchange may deliver significant gains if you have the necessary skills and trade better than the securities exchange, said Ravi Singhal, CEO, GCL Broking.

Canara Bank customers can generate offline OTP facility and OTP over the call facilty for all internet banking customers, according to the Canara Bank website. This OTP can be used for financial transactions, stated the Canara Bank website.

Bitcoin price is currently trading at around $30,300, showing less than 0.50% surge during the Asian session on Monday. The recent favorable decision in the SEC vs. Ripple case has impacted the price, bringing it back to the level seen last Thursday.