Provident Financial News

Lok Sabha elections next year.  The Centre approved a draft of the Digital Personal Data Protection Bill on Wednesday, effectively paving the way for India's first privacy law. The proposed legislation is likely to be tabled during the upcoming monsoon session of Parliament. The proposed legislation stipulates consent before collecting personal data and provides for stiff penalties of as much as ₹500 crore on persons and companies that fail to prevent data breaches including accidental disclosures, sharing, altering, or destroying personal data.

Stock market: Indian stock market has remained highly bullish after ushering in July 2023 as all indices have hit life-time highs respectively. In fact, on Friday last week, all three key benchmark indices Nifty, Sensex and Bank Nifty hit record high whereas small-cap and mid-cap indices too climbed to a new peak.

Direct-to-home provider Tata Play (earlier Tata Sky) has announced a new platform service, Tata Play Asomiya Monoronjan in partnership with ReelDrama to offer a selection of Assamese content for television viewers. This partnership marks the first collaboration with an OTT platform to deliver content for TV audiences thereby paving the way for OTT partners to explore the world of linear TV viewing, the company said in a statement. Tata Play Asomiya Monoronjan is a platform for Assamese entertainment on television which will offer latest Assamese movies, original shows, specials like mobile theatres, songs, masterclasses on acting and music along with devotional content.

Threads, the social media giant's new Twitter competitor, within a mere four hours of its launch. During the much-anticipated debut of his new app, Meta CEO Mark Zuckerberg, known by his handle "Zuck," took to the platform with a flurry of posts and replies while simultaneously announcing the staggering achievement of over five million user registrations for Threads, Meta's Twitter rival, within just four hours. "Just passed 5 million sign ups in the first four hours," wrote the Meta CEO.

The leader of EY's UK actuarial practice has left the Big Four firm to join pension provider Just.

CAT exam is a highly competitive examination that serves as a gateway to prestigious management programs in India. While the CAT exam is often associated with engineering students, non-engineering students can also excel in this test with the right preparation strategies and mindset. Engineering background students usually have an upper hand in preparation, but non-engineering background students may find the following eight tips that can help them crack the CAT exam and secure admission into top-notch management institutions.

finance ministry in its annual report has said that expert services is the major contributor to the job creation in the formal sector. Citing EPFO or Employees Provident Fund Organisation data, the report said that expert service sector (consisting of manpower suppliers, normal contractors, and security services, among others) contributed 51% to formal job creation in FY23.

ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm Similarweb. Worldwide desktop and mobile traffic to the ChatGPT website decreased by 9.7% in June from May, while unique visitors to ChatGPT's website dropped 5.7%. The amount of time visitors spent on the website was also down 8.5%, the data shows.

Anand Rathi, Chairman of Anand Rathi Group believes the markets are evenly poised on the valuations front. He does not see any risks to corporate earnings right now and expects earnings growth in the high teens for the next two years.

Also read: Delhi govt challenges Centre's ordinance over control of services in Supreme Court The Aam Aadmi Party (AAP) announced its decision to protest against the Centre's ordinance on control of services in Delhi. According to a statement issued by the party , the effigies and copies of the "black ordinance" will be burnt from July 6 to July 13 at various locations, streets, and intersections across Delhi as a sign of discontent.

ChatGPT, the highly popular AI chatbot introduced in November, experienced a decline in its website's monthly traffic and unique visitors for the first time in June, as reported by Similarweb, an analytics firm. Globally, the desktop and mobile traffic to the ChatGPT website witnessed a decrease of 9.7 per cent in June compared to May, while the number of unique visitors to the website dropped by 5.7 per cent. Additionally, the data reveals that visitors spent 8.5 per cent less time on the website.

Former Australian captain Ricky Ponting, speaking with Nasser Hussain for the Daily Mail, hailed Smith's exceptional batting prowess and ranked him as the second-greatest batsman in Australian cricket history after the legendary Don Bradman. Reflecting on Smith's accomplishments, Ponting praised his rapid rise to success, noting his swift journey to becoming the second-fastest player to reach 9,000 Test runs. Steve Smith is set to achieve a momentous milestone as he gears up to play his 100th Test match.

Japan Airlines has come up with a solution that it hopes will convince passengers to travel light — renting clothes.Japan Airlines Co. and Sumitomo Corp. have joined forces to introduce a new service that will revolutionize travel to Japan. Tourists and business travelers visiting the country will soon have the opportunity to travel light and rent clothing during their stay. One set of clothing will cost ¥4,000 to ¥7,000 ($28-$49), and people will be able to rent up to eight outfits for as long as two weeks, in three sizes: small, medium and large. Chosen styles — smart, smart casual and mixed — will be delivered to a traveler’s designated hotel. The primary objective of this initiative is to promote sustainable tourism while providing utmost convenience to visitors. Prior to boarding a Japan Airlines-operated flight, travelers will have the option to choose clothing based on their size and seasonal requirements through a dedicated website. The service will be available for a trial period until August 2024.

IIT campus to be set up outside India will be in Zanzibar, Tanzania. A Memorandum of Understanding (MoU) for setting up of campus of IIT Madras in Zanzibar- Tanzania was signed between the Ministry of Education (MoE), IIT Madras and Ministry of Education and Vocational Training (MoEVT) Zanzibar- Tanzania on Thursday in the presence of Dr. Hussein Ali Mwinyi, President of Zanzibar and Dr.

RPP Infra Projects share price gained over 14% to record a new 52-week high on Thursday's trade following an order win worth ₹289.30 crore. RPP Infra Projects shares opened at ₹64.69 apiece on BSE. The stock hit intraday high of ₹66.07 and low of ₹63.05.

Hindustan Times report cited that Bonne will engage in intense discussions with National Security Advisor Ajit Doval. Additionally, he is expected to meet with Prime Minister Narendra Modi before departing for France later that evening.  This series of meetings will lay the foundation for the bilateral talks between PM Modi and President Macron on July 13, as well as the grand celebration on Bastille Day, July 14.

Tokayev addressing the Shanghai Cooperation Organization (SCO) Summit on Tuesday suggested that the main task of the SCO countries should be to prevent a geopolitical rift between East and West. The Kazakh President proposed to the SCO Council of Heads of Government to consider establishing a joint Investment Fund.

Battlegrounds Mobile India) quickly rose to prominence in India after the ban on PUBG Mobile. Despite facing its own ban, the Indian government decided to allow BGMI back into the country with certain modifications around 10 months ago.  Similar to other popular battle royale titles like Garena Free Fire, BGMI developers regularly release redeem codes that grant players access to a wide range of enticing rewards and freebies. These rewards include weapon skins, vehicle skins, emotes, outfits, in-game credits or UC (Unknown Cash), and much more.

Bitcoin (BTC) price is currently trading at $30,450, unable to break above the psychological level of $31,000. 

«I think that it is a great opportunity, usual disclosure we and our clients are invested, and I think that around these levels also Eicher Motors is a decent proposition. It is not going to be like a multi-bagger it has been in the past, but I expect it to outperform the index at least in the near future, in medium term as well and there is a lot of fear around the two launches which have been taking place from Hero MotoCorp and Bajaj Auto,» says Dipan Mehta, Director, Elixir Equities.Cars, bikes it is a problem of plenty out there, what would we first talking about? And this is the reason why we are very positive on the auto industry.

«Of course, the family office concept goes beyond that a little bit. It gets into governance of the family, the succession and things like that as well,» says Ashutosh Bishnoi, Director, Multi-Act.How do you see this entire family office kind of structure taking shape in India that you have also chosen this as your next innings?Yes, you are absolutely right. What has happened in the last about 20 odd years in India that a tremendous amount of wealth has been generated by successful business families.