Provident Financial News

Elon Musk, the world's richest man, appears to be preoccupied with a range of high-profile ventures, including social media, space travel and artificial intelligence (AI). This conclusion is drawn from the insights provided by respondents in the recent Markets Live Pulse survey.

HDFC Bank: India's largest private sector lender, is gearing up to announce its financial results for the April-June period on Monday. Analysts predict that the bank will register a standalone net profit of ₹11,580 crore for this period, indicating a substantial 25.9% increase from the same period the previous year.

Think Analytics India Pvt Ltd, also known as Think360 AI, was one of only five Asia-Pacific firms that were named in the 2023 edition of AIFINTECH100 list of 100 of the world's most innovative AI solution providers for the financial services industry. In its third year, the list is compiled by a panel of industry experts and analysts and is published by FinTech Global, an online platform providing information and media services focusing on the fintech industry.

ET Wealth tells you how to reduce unnecessary expenses that may not be providing any bang for your buck.Extended warranty Several manufacturers of appliances and vehicles offer extended warranties for a price. This is over and above the free, standard warranty that these offer. There is no difference in the service as it is only an extension of your warranty by 2-5 years.THE CATCH: These warranties often come with terms and conditions that make them more problematic than being useful.

Q.I recently inherited some movable property from my grandfather after he passed away. Is there any tax implication for me regarding this inheritance? — Vinod S. According to the Income-tax Act, 1961, there is no tax levied on inheritance of property, whether it is movable or immovable. Hence, the movable property you have inherited from your grandfather will incur no tax in your hands.Q.My father had some ancestral property, but he passed away without writing a will. I am married and have two brothers, who are now claiming that I have no right over this property. Can I stake a claim to this property and contest my brothers in a court of law? — Binati S. Ancestral property cannot be willed to anyone and is passed on to the next three generations of legal heirs by virtue of their birth, as long as the property remains undivided.

Traditional owners embroiled in a high-stakes legal battle with Andrew Forrest’s Fortescue Metals Group have signed a deal to develop one of Australia’s biggest renewables projects in partnership with Philippines-listed ACEN.

Critical minerals producer IGO has slashed 75 per cent off the value of two nickel mines it bought for $1.3 billion just one year ago from Western Areas.

By Valerie Volcovici and David Stanway

By Liangping Gao and Ryan Woo

The DeFi space continues to evolve rapidly, with various scaling solutions and protocols vying for dominance. In this article, we explore the recent performance of Optimism and Arbitrum, two prominent Layer 2 scaling solutions, and their impact on the total value locked (TVL) in DeFi. Additionally, we highlight the impressive growth of InQubeta's presale, which is attracting significant investor interest and nearing the $1.5 million mark.

In the wake of the TerraUSD collapse in 2022, the cryptocurrency market experienced significant turbulence, resulting in the downfall of various prominent cryptocurrency-based companies including the Celsius Network. Celsius was forced to file for bankruptcy, leaving its customers facing substantial losses.

Exchange traded funds set a new record at the end of June, with global assets breaking the $10.5tn mark.

Exchange-traded funds can still compete in today's «stock picker's» market, according to a top investor.

«We had been getting cancellations over the weekend because of the weather and rains are affecting leisure bookings. An advisory has gone out to hotels in North India to accommodate guests in states such as Uttarakhand and Himachal Pradesh and not pressurise them to leave, if they are stuck because of road closures and can't pay immediately,» said Garish Oberoi, president, Hotel and Restaurant Association of Northern India (HRANI).

Prime Video is set to make a splash in the second half of 2023 with an impressive lineup of new movies and shows. The streaming service recently unveiled an exciting sneak peek video showcasing the highly anticipated releases coming in the next six months.

Brittney Griner, a prominent player for the Phoenix Mercury, showcased her skills in the WNBA All-Star Game on Saturday, July 15. This marked her first appearance since her release from a Russian penal colony in December of the previous year. During the game held in Las Vegas, Griner, a nine-time WNBA All-Star, displayed her prowess by contributing 18 points to her team's success.

The board of Fortescue Metals conducted a secret review into whether its executive chairman, Andrew Forrest, had a relationship with an employee of the mining giant but cleared him of wrongdoing.

IAG allegedly agreed to insure billions of dollars in debts at Sanjeev Gupta’s steel companies despite increasing public concerns about his conglomerate’s rapid growth.

NEW DELHI : The art market in India, riding on a decade-long upward trend, has seen a significant boost during the pandemic, led by a small group of dedicated Indian collectors. The emergence of a new category of Indian buyers who collect luxury products through auction houses highlights the growing interest in art. Although Christie’s discontinued its India auctions business a few years ago, the British art auction house remains positive about collector interest from the Indian subcontinent.

MUMBAI : Billionaire banker Uday Kotak, the founder of India’s fourth largest private sector lender, will transition to a non-executive board member after he steps down from the whole-time role at Kotak Mahindra Bank. In his final letter to shareholders as managing director on Saturday, Kotak said that the alignment and commitment of the shareholders, board and management will help the bank navigate the changing times. “I see my role as a non-executive board governance member and a strategic shareholder with a long-term perspective of nurturing a world-class institution," Kotak said in his letter.

New Delhi: Amid a series of fatalities among Cheetahs, and concerns that the radio collars on the neck may have led to an infection, the National Tiger Conservation Authority (NTCA), has said that all the deaths have been caused due to natural causes. In a statement on Sunday, the ministry of environment, forest and climate also cited experiences in Africa which showed initial fatalities post reintroduction of Cheetahs.