Provident Financial News

Finance Minister Nirmala Sitharaman on Sunday underlined the need for embracing innovative strategies to attract private investment, bridge financing gaps and foster sustainable development of infrastructure in cities. Addressing the 'G20 Infrastructure Investment Dialogue', the minister said that the situation with regard to financing infrastructure has become even more challenging in the wake of monetary policy tightening in key markets.

Arvind Kejriwal—meant for Flood Control and Preparedness in the capital city for not holding any meetings for the last 2 years, amid flood in low lying areas of the national capital.  However, the Kejriwal government has refuted the claims of the LG office and said Minister Atishi chaired the meeting on July 6, 2023 as Revenue Minister. A compulsory meeting of the Apex Committee "should have taken place by the end of June and issue Flood Control Order" reported ANI quoting a statement issued by the LG's office   "The Apex Committee meeting ensures seamless coordination between various agencies including GNCTD, GOI, Army and Central Water Commission (CWC).

Investing.com — Muted inflation data and yet a still-vibrant U.S. economy: Could oil bulls ask for more? Yes: A dynamic Chinese recovery as well.

Lenovo Tab M10 5G, the tablet comes with a 10.61-inch LCD screen and houses a 7,700mAh battery. The all-new Lenovo tablet comes with a starting price of ₹22,999. It is offered in two models- 4GB RAM with 128GB internal storage, and 6GB RAM with 128GB storage.

Does Lithium Power International have something to tell is shareholders? Apart from an update on the $30 million sale of a subsidiary to Albemarle, it has been silence from the lithium explorer since April.

Prospective migrants hoping to secure a pathway into Australia on venture capital-linked visas have had millions of dollars frozen or say they have had applications rejected because of botched funding agreements.

Funds management upstart PAC Capital is starting to throw its weight around with two key hires.

It’s early days for Star Entertainment’s refinancing, but the deal is shaping up as one of the year’s hottest – with plenty of interest from major credit funds.

Vladimir Putin said Kyiv's counteroffensive, launched last month to push back Moscow's forces, was failing.Ukraine began its highly anticipated fightback after stockpiling Western weapons and building up its offensive forces. «All enemy attempts to break through our defences… they have not succeeded since the offensive began.

Sectorally, buying was seen in IT, metal, realty, and telecom stocks while selling was seen in consumer durables, and power stocks. Stocks that were in focus include names like Mastek which was up over 9%, JBM Auto rallied more than 11% and CE Info Systems closed with gains of over 6% on Friday.We have collated a list of three stocks that either hit a fresh 52-week high or saw a volume or a price breakout. We spoke to a trader on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: CA Bijay Kumar Sharma, SEBI RA, Regn No – INH000011282Mastek– CMP Rs 2167 The stock falls in the IT category and has a sector tailwind with it.

BJP on Sunday termed Prime Minister Narendra Modi's recent visits to France and the UAE «successful» and said they were not just «high on optics» but also «high on substantive outcomes». Prime Minister Modi on Saturday returned after «successful» visits to France and the United Arab Emirates.

Kashmir's Budgam district, presents a picture of resilience and determination. In the heart of this picturesque hamlet stands a watermill, where the Rahim family has not only found sustenance but also paved the path to a brighter future for their children.Rubina Rahim, a young woman who, despite her tender age, has shouldered responsibilities that have transformed her life and that of her family. Rubina, now a high school senior, embarked on her journey as a mill worker when she was in the 12th grade.

By Group Captain Praveer Purohit (retd)

Supreme Court is scheduled to hear on Monday a plea which has raised the issue of vacancies in the Central Government Industrial Tribunal and said that nine out of its 22 benches are vacant. The apex court had on July 5 sought response of the Centre on the plea seeking directions for filling up vacancies in the Central Government Industrial Tribunal-cum-Labour Courts (CGIT-cum-LCs). The top court had taken note of the plea that out of 22 tribunals, nine do not have presiding officers and vacancies are likely to arise in 2023 in three more tribunals. The matter is slated to come up for hearing on Monday before a bench comprising Chief Justice D Y Chandrachud and Justices P S Narasimha and Manoj Misra. During the hearing on July 5, the bench had issued notice to the Ministry of Labour and Employment on the plea and had requested Additional Solicitor General Balbir Singh to assist the court in the matter. The CJI had said that on the administrative side, he had perhaps nominated a Supreme Court judge to oversee the process of filling of vacancies in the tribunal.

Netweb Technologies will open for public subscription on Monday and closes on July 19. Ahead of the IPO, the company has raised Rs 189 crore from anchor investors. It had allocated about 37.80 lakh shares at Rs 500 per share, which includes a share premium of Rs 498 per share in the anchor round, which saw participation from marquee investors including Nomura Funds, Goldman Sachs Funds, ICICI Prudential MF and Life Insurance, HDFC MF, WhiteOak MF among others.

Manipur Police, and his family are among the 700-odd people staying at a relief camp here set up in a college where everyone has one hope — return home safely once the situation is normal. They also went through the same trauma — explosions, rioting and mob violence before the Assam Rifles came to their rescue. As many as 238 families are lodged at the Ideal Girls' College here since the Assam Rifles, a paramilitary force under the operational command of the Army, brought them from Moreh and Churachandpur.

Arvind Kejriwal on Sunday visited a flood relief camp in Sarvodaya Bal Vidyalaya at Mori Gate in north Delhi. During his visit to the relief camp where residents from the flood-affected areas have taken shelter, Kejriwal assured them they will provide ad-hoc relief to the people who have lost their important documents, Aadhaar, PAN cards, and other related things. He said that Aam Aadmi Party (AAP) government will also organise a special camp for flood-affected people in Delhi where children would be given textbooks and uniforms that got submerged in the water.

Shopify wants to cut down on ‘meeting creep’—the way meetings seem to proliferate on corporate calendars like mushrooms across a shady lawn. Earlier, the company axed recurring meetings of three or more people and went in for no-meet Wednesdays. Now, the Ottawa-based e-tailer has integrated a meeting-cost calculator into its calendar app.

By Kunal Kothari

By  Samudhra Sendhil

The rise of ‘Buy Now Pay Later’ (BNPL) services has revolutionized the way consumers make purchases, offering the allure of immediate gratification without upfront costs. Recent data indicates a significant increase in BNPL’s share of e-commerce transactions globally, rising from 0.4% in 2016 to 1.6% in 2019 and reaching 3% in 2021. This trend has propelled the global BNPL market size, which is now projected to reach an impressive $596.7 billion by 2026. In India, the BNPL sector is moving at 65% YOY growth and is expected to attain a valuation of $40 billion by 2025.