Provident Financial News
12.07 / 11:05
UPS
Provident
Strategy
On track to achieve over 25 pc of total sales from EVs this fiscal: MG Motor India
MG Motor India is on track to achieve over 25 per cent of total sales from electric vehicles this fiscal year as it continues to enhance its product portfolio, according to company Deputy Managing Director Gaurav Gupta. The company has already crossed the 10,000 unit cumulative sales milestone of EVs in the country. On Wednesday, the automaker introduced a top end variant of its electric SUV ZS EV equipped with level two autonomous driving technology priced at Rs 27.89 lakh for a limited period.
12.07 / 10:29
COST
Citi
Provident
Maxim
Aware
CEO
Financial
Financial benefits of investing in freehold property
Buying a piece of property can be a hassle at times especially when you are not aware of all the nuances you must know before striking a deal. Though there are many things to keep in mind while buying any property, one of the key things to check is the property ownership type. It could be freehold or leasehold.
12.07 / 10:29
Provident
7th Pay Commission: Monthly salary as per 7th CPC for these private employees gets HC backing
7th Pay Commission Latest News (July 12, 2023): The pay hike issue of teachers of unaided private schools based on 7th CPC recommendations has got the backing of the Delhi High Court.
12.07 / 10:29
UPS
Provident
Platform
Action
Racing
Pool
boost
Unlocking the Potential: How GST clarity can boost the online gaming sector
The online gaming industry has been one of the fastest growing sectors and contributing towards India’s economic growth by attracting investment into the country and also in terms of generating employment. India is in the phase of becoming the largest online gaming market in terms of volume of users.
12.07 / 10:29
COST
Provident
Waters
CEO
Mobile
Highways
Monsoon-Proof Your Car Insurance: Essential add-ons for car owners
As the monsoon season has arrived, car owners must be prepared to safeguard their vehicles from the potential risks and damages associated with heavy rainfall and adverse weather conditions. To ensure comprehensive protection, car owners should consider adding specific insurance add-ons to their policies.
12.07 / 10:29
Provident
NIFTY
Tata AIA Small Cap Discovery Fund: What is it and how to invest?
Tata AIA Small Cap Discovery Fund: Tata AIA Life Insurance (Tata AIA) has launched its first dedicated Small-Cap fund, Tata AIA Small Cap Discovery Fund. In a statement, Tata AIA said the new fund will offer policyholders the opportunity to generate capital appreciation in the long-term by investing in small-cap market capitalisation stocks.
12.07 / 10:29
UPS
Provident
Citizens
Senior Citizen Savings Scheme (SCSS) Interest Rate, Deposit Limit changed in 2023: Know impact
Senior citizens are pouring money into the Senior Citizen Savings Scheme (SCSS), thanks to recent changes, official data shows.
12.07 / 10:29
Provident
VISA
Fighting
MasterCard
PwC
Interface
Competition among card payment networks to intensify
The recent norms of the Reserve Bank of India (RBI) on card payment networks may push them to offer better pricing and features to issuers, which will, in turn, benefit customers, experts said.
12.07 / 10:29
UPS
Provident
FIVE
Solar
Sebi to auction 22 properties of Bishal Group of companies, NVD Solar on August 14
Capital markets regulator Sebi on Wednesday said it will auction 22 properties belonging to Bishal Group of companies and NVD Solar on August 14 to recover money illegally collected from investors. The properties will be auctioned at a reserve price of nearly Rs 37 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi).
12.07 / 10:29
UPS
Citi
Provident
Target
Mobile
Rise in serious crimes like rape, murder in capital: Delhi Police
National capital Delhi has seen an increase in serious crimes like rape and murder over the last six months, data provided by the Delhi Police showed. It also shows an increase in theft by interstate gangs who target cars, mobile phones and vehicles in the city.
12.07 / 10:09
UPS
IPO
Provident
Drone Destination IPO: GMP, subscription status on day 4, and other key detail
₹62 to ₹65 per equity share and the share will be listed on the NSE SME exchange Friday, July 21.With its public offering, the country's drone service provider hopes to generate ₹44.20 crore. The IPO is is entirely a fresh issue of equity shares aggregating up to 68 lakh equity shares of face value of ₹10 each. There is no offer for sale (OFS) component.
12.07 / 10:01
UPS
Provident
FIVE
Solar
Sebi to auction 22 properties of Bishal Group of companies, NVD Solar on Aug 14
auction 22 properties belonging to Bishal Group of companies and NVD Solar on August 14 to recover money illegally collected from investors. The properties will be auctioned at a reserve price of nearly Rs 37 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi). Of the 22 properties, 17 relate to Bishal Group of companies (Bishal Abasan India Ltd, Bishal Distillers Ld, Bishal Agri-Bio Industries Ltd, Bishal Horticulture and Animal Projects Ltd) and five pertain to NVD Solar.
12.07 / 10:01
UPS
IPO
Provident
Booking
Platform
hospital
open
SME IPO: Asarfi Hospital issue to open on July 17. 10 things to know about the offer
1) Company Overview Asarfi Hospital is a 250 bedded multi-specialty hospital, which has been serving people for over one and half decades by providing healthcare services in Dhanbad, Jharkhand.2) Industry Overview The Indian healthcare sector is said to have recorded a three-fold rise, growing at a CAGR of 22% between 2016–22 to reach $372 billion. The Indian medical tourism market was valued at $2.89 billion in 2020 and is expected to reach $13.42 billion by 2026.3) Issue size The IPO is entirely a fresh equity issue of up to 51.8 lakh equity shares aggregating up to Rs Rs 26.9 crore4) Price band The company will offer its shares at a price band of Rs 51-52 apiece, and investors can bid for 2,000 shares in 1 lot.5) Financial performance For the year ending March 2023, the company has recorded revenues of Rs 73 crore and net profit of Rs 8.01 crore.6) Objects of the offer The net proceeds from the public offer will be used for part funding of capital expenditure, acquiring land on a leasehold basis, and other general corporate purposes.7) Booking running lead managers Hem Securities is acting as the lead manager of the issue, while Cameo Corporate Services is the registrar.8) Issue structure About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and the rest 35% for retail investors.9) Important dates The IPO opens on July 17 and closes on July 19.
12.07 / 09:41
UPS
Provident
Cooper
Platform
Fighting
Enterprise
Will Japan fight?
alliance between America and Japan would face several tests. If America came to Taiwan’s defence—itself hardly a given—it would need approval from Japan to use its bases there, which host 54,000 American troops. Would Japan accede? China might offer not to harm Japan if it refused.
12.07 / 09:41
COST
UPS
Provident
Enterprise
Q1 results preview: ICICI Bank, SBI other banks to report strong earnings, says Morgan Stanley; here’s why
ICICI Bank and state-owned enterprise (SoE) banks like IndusInd Bank, Bank of Baroda (BOB), and State Bank of India (SBI) in particular to record strong earnings in Q1FY24 (April–June). According to the brokerage's analysis, ICICI Bank will likely post significant volume growth for both loans and deposits. Given that SoE banks' margins are declining slowly than private banks', that their loan costs are lower, that their operating costs are dropping sequentially, and that their treasury profits are larger, they should also record healthy profitability.
12.07 / 09:41
Provident
Booking
Manufacturing
CEO
Metro
Power
Q4
Sterlite Power got orders worth ₹1,400 crore in Q4 FY23
₹1,400 crore from domestic and international customers in the March ended quarter. The orders were received by its solutions business that caters to products and specialized EPC (engineering, procurement and construction), the company said in a statement. The set of orders, won across domestic and international markets, strengthened the company’s solutions business unit’s order book to ₹5,200 crore during FY23, it added.
12.07 / 09:39
COST
Provident
Platform
AMAT
surges
SCORP's Presale Surges Past $500k: Don't Miss Out on the Latest Passive Income Phenomenon
The presale for SCORP recently surged past the $500,000 milestone as investors pile in to get positioned in the latest passive income phenomenon that shares platform revenues with holders.
12.07 / 09:11
UPS
Citi
Provident
Waters
Aware
Action
Raging Yamuna swells to record level in Delhi
Yamuna in Delhi swelled to 207.55 metres on Wednesday, breaching its all-time record of 207.49 metres set in 1978, government agencies said on Wednesday. According to the Central Water Commission's (CWC) flood-monitoring portal, the water level at the Old Railway Bridge crossed the 207-metre mark at 4 am, the first time since 2013, and rose to 207.55 metres by 1 pm. The river is likely to rise further, an official of the irrigation and flood control department said. As a precautionary measure, the Delhi Police imposed section 144 CrPC in flood prone areas of the national capital on Wednesday, officials said. Section 144 CrPC prevents unlawful assembly of four or more persons and public movement in groups. Delhi recorded a rapid increase in the Yamuna water level over the last three days.
12.07 / 08:41
Blockchain
Ethereum
Provident
Progressive
Platform
Gap
Remark
AI Pioneers: InQubeta (QUBE) and Fetch (FET) Eye Prominent Spot Among Crypto's Elite
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
12.07 / 08:33
Provident
Manufacturing
Enterprise
Nike
Canadian watchdog probes Nike, Gold Mining company over allegations of Uighur forced labour
The Canadian human rights watchdog is conducting a probe into the subsidiary of a prominent global sportswear company, Nike, as well as a gold mining company. As per media reports, the investigation stems from claims that either their supply chains or operations in China are involved in utilizing or profiting from the forced labour of Uighur individuals.
12.07 / 08:33
COST
UPS
Provident
Manufacturing
A new world order seeks to prioritise security and climate change
Climate change was a distant threat. Allowing countries like China or Russia into the global economy was widely seen to be beneficial for both them and their Western trading partners. As the two countries grew they would surely adopt market economics and, ultimately, democracy.
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