Provident Financial News

Twenty fund houses have raised their cash holdings in the first six months of the calendar year, with the largest increase by Quant MF (19.4%) and WhiteOak Capital (12.2%), data from Value Research shows. The data is for cash holdings as a percentage of equity assets.

Housing.com, India’s leading proptech platform, has collaborated with credit infrastructure provider FinBox to introduce a new service that allows customers to borrow up to Rs 10 lakh. This service aims to support customers with diverse financing needs, including rental security deposits, booking token amounts, renovation costs, and furniture purchases.

7th Pay Commission Central Government Employees Latest News July 2023: The Department of Personnel and Training (DoPT) has amended All India Services (Death-cum-Retirement Benefits) Rules, 1958. The amended rules came into effect on 6th July 2023 and are called All India Services (Death-cum-Retirement Benefits) Amendment Rules, 2023.

By Bharat Phatak

The home loan balance transfer facility allows you to transfer your home loan balance from one lender to another. The benefit here is that you can avail lower interest rates, which can directly translate to reduced outgo.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

«With ‘YONO for Every Indian’, now any bank customer will have access to the UPI features like Scan and Pay, Pay by contacts, and Request money, among others on YONO’s new avatar,» the public sector bank said in a press release earlier this month.How non SBI account holders can use SBI YONO for UPI payments ET Wealth has used the SBI YONO app with a non-SBI account to send money through UPI. Let's see how it works. The SBI YONO mobile banking app is available on both Google Play Store and the iPhone App Store.

ESG) metrics are tougher than those mandated globally, said a senior executive at KPMG. India's market regulator on Wednesday mandated that the top 150 listed companies by market capitalisation would have to give «reasonable assurance» on ESG metrics starting this financial year. That would mean a company's auditor would check its ESG metrics and disclosures, tracing them to their source to confirm accuracy.

Uttar Pradesh government has withdrawn the 'Y-category' security cover provided to senior Samajwadi Party leader Azam Khan, saying it was not needed. Rampur Additional Superintendent of Police Sansar Singh said they received a letter from the security headquarters in Lucknow, which said there is no need to provide the Y-category security to Khan, a 10-time MLA from Rampur. In compliance with the order, his security was withdrawn, he added. Singh said under the Y-category security, Khan was given three gunmen and security personnel who were posted at his residence round the clock. All the security personnel (posted with Azam) have been called back to the police Lines in Rampur, he said. Khan had won the Rampur assembly seat in the 2022 Uttar Pradesh polls for a record 10th time. After becoming the MLA, he had resigned from the Lok Sabha.

IPO Subscription Status: Service Care IPO opened for public subscription on Friday, July 14. The initial public offering (IPO) of the workspace administration services provider has seen decent response from the Qualified Institutional Buyers (QIBs). As per the latest subscription status, Service Care IPO has been subscribed 38% so far on July 14, the first day of the bidding process.

Bitcoin, the leading cryptocurrency, is currently trading at $31,449, marking a notable surge of over 3.5% on Friday. 

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Real Estate Investment Trusts (REITs) provide investors with a unique way to access the real estate sector, offering diversity, dividend potential, and liquidity. They allow small investors to obtain exposure to a diversified portfolio, managed by experts.

Wipro has upped its checks and balances on contract hiring, after Tata Consultancy Services (TCS) sacked six employees and blacklisted six staffing firms for alleged lapses in contract staffing. "We are continuously looking at vendors. The process was stringent and we are making it more periodic and bringing in higher frequency of performance checks .

BYD Co, in conjunction with the privately held Hyderabad-based Megha Engineering and Infrastructures, has reportedly submitted a proposal to Indian regulators for the formation of an electric vehicle (EV) joint venture., as per Reuters. Reportedly, the strategic vision involves the establishment of a comprehensive range of BYD-branded electric vehicles (EVs) in India, spanning from hatchbacks to luxury models.

Read more of our recent coverage of the Ukraine war If the phrase wasn’t already taken, Ukraine and the EU could be said to enjoy a “no-limits friendship". The bloc’s 27 countries, four of which border Ukraine, have provided money and weapons to their neighbour, taken in its refugees and trained its troops. Ukrainian flags in Brussels dangle from balconies and official buildings.

coal gasification projects for both government Public Sector Undertakings (PSUs) and the private sector with an outlay of Rs 6,000 crores. It has set a target to achieve coal gasification of 100 Million Tonne (MT) coal by FY 2030 to reduce India's reliance on imports of natural gas, methanol, ammonia and other essential products. «Currently, India imports approximately 50% of its Natural Gas, over 90% of its total Methanol consumption and around 13-15% of its total ammonia consumption to cater to the domestic demand.

Relative Strength Index (RSI) is an essential tool for investors to analyse market trends and make informed investment decisions. On July 13, StockEdge reported that over 50 stocks were trading in an overbought zone. From this group, ETMarkets has identified 10 stocks that are currently trading in an overbought zone.

Relative Strength Index (RSI) is an important right tool to analyse market trends and make informed investment decisions. On July 13, StockEdge reported that over 30 stocks were trading in the overbought zone but witnessed a bearish or declining RSI trend. From this group, ETMarkets has identified 10 stocks that are currently trading in the overbought zone.

Sundararaman Ramamurthy, MD & CEO, BSE, says that “in the current year, BSE has picked and chosen equity derivatives first, followed by equity and then currency options. SMEs would be a great focus for us as would mutual funds because of its socio-economic impact and the financial savings being converted into capital market savings impact into the market. Commodities and later interest rate derivatives will all follow.