Provident Financial News
12.11 / 07:59
12.11 / 05:05
markets
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Analysis
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pandemic
Vivek Kaul: Will monthly SIP investors in Indian stocks keep calm and carry on?
Subscribe to enjoy similar stories. Stock markets like clean and crisp stories: This happened, so that happened. Like in early November, we were told that stock prices fell in October because foreign institutional investors (FIIs) sold Indian stocks worth ₹94,017 crore during the month.
12.11 / 05:05
UPS
Provident
Waters
Food
performer
Features
Best non-stick tawas: Check out these top 10 options from popular brands for easy and hassle-free cooking at home
Reasons to buyReasons to avoidThe Pigeon Special Non-Stick Aluminium Tawa is known for its even heat distribution and durable build. Its non-stick surface ensures that your rotis and dosas won't stick, making it perfect for everyday use.
12.11 / 02:37
UPS
Citi
Provident
Racing
Southern
International
From 300 lbs to 100K races: How this mom of 4 took up ultramarathons
International Association of Ultrarunners‘ 100 km World Championship.It’s in Bangalore, a tropical city in southern India where the average daytime temperature in December ranges from a high of 27 C to a low of 16 C, plus a relative humidity of around 55 per cent.“She’s going to be warm,” McBride laughed.She’s a member of the Association of Canadian Ultramarathon Runners and said they’ve provided her with protocols for acclimatizing to a hot climate, including three weeks of intense sauna sessions followed by running indoors in winter gear to help simulate the environment and increase blood hemoglobin.“It’ll be into the sauna, on the treadmill, into the sauna, on the treadmill. It’ll be grand.
12.11 / 01:59
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Analysis
Align
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performer
Railway stocks could be set for a strong finish to 2024
Subscribe to enjoy similar stories. After a turbulent October marked by widespread selling across stock markets, some sectors are beginning to show signs of recovery, with the railway sector standing out. Despite a steep downturn in many railway stocks—some dropping over 20% from recent highs—the sector appears poised for a technical reversal, particularly in the short-term trend.
11.11 / 16:57
Provident
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security
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Renewable player Sunkind bags 10.4-MW solar power project in Maharashtra
Sunkind on Monday announced securing a solar energy project of 10.4 MW capacity from the government of Maharashtra. The project has been awarded by Maharashtra State Power Generation Company Limited (Mahagenco) under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY 2.0 scheme), the renewable energy player said in a statement. The project specifically includes a 10.4 MWp capacity ground-mounted solar PV technology grid interactive distributed agriculture feeder solarization system, to be implemented at Satmane, Nashik. Sunkind, as the EPC contractor, will provide wide-ranging installation services for the entire solar power system, with the final ownership to be transferred to Mahagenco.
11.11 / 16:07
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Provident
Digital
Manufacturing
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Diversity
innovations
Tim Draper-backed Bon V Aero launches logistics drone
Venture capitalist Tim Draper-backed deep tech startup Bon V Aero on Monday announced the launch of a fully autonomous logistics drone Air Orca to cater to the requirements across sectors such as healthcare, ecommerce, military logistics and disaster management on a global scale. With advanced autonomous capabilities and fully designed, developed and manufactured in India by Bon V Aero, the drone is engineered to tackle diverse logistical challenges, particularly in regions where traditional transportation methods are impractical, the company said. This launch underlines the growing role of Odisha-based companies in India's technology ecosystem and demonstrates how localised innovation is gaining national and international recognition, Bon V Aero said.
11.11 / 16:07
markets
Provident
Experts
PAM
social
information
Schools
FCRA licence of NGOs to be cancelled if involved in religious conversion, anti-development acts: MHA
FCRA registration will also be cancelled if any NGO is not utilising foreign funding as per the aims and objectives of the NGO or if it has not uploaded the annual returns, the ministry said. According to the law, all NGOs receiving foreign contributions have to be registered under the Foreign Contribution (Regulation) Act or else are not allowed to accept foreign funding.
11.11 / 16:05
Provident
blues
WS Blue Whale Growth fund launches rebate scheme to return proportion of fees to clients
Taking effect on 1 January 2025 and subject to regulatory approval, the fund will return a percentage of the annual management charge (AMC) back to investors for every £1bn rise in the vehicle's assets under management. Supermarket Income REIT overhauls management fee calculation Following the changes, both current and new investors will save 1% in fees, provided the fund's AUM surpasses £1bn from the date of implementation and remains above that threshold. If the fund's AUM exceeds £2bn, an additional 1% in savings will be applied on post-rebated AMC, with the process continuing f...
11.11 / 14:25
markets
Provident
Digital
wellness
Trade
International
Urgent measures needed to reduce trade imbalances with Russia: Jaishankar
S Jaishankar on Monday called for «urgent» measures to address the issue of widening trade deficit between India and Russia. While India's exports to Russia stood at only USD 2.24 billion in April-August this fiscal, imports soared to USD 27.35 billion during the period. The trade deficit is aggregated at USD 25.11 billion. The high trade deficit is mainly on account crude imports. Russia emerged as India's biggest supplier of crude oil, which is converted into fuels like petrol and diesel in refineries, after Russian oil was available on discount following some European nations shunning purchases from Moscow over its invasion of Ukraine in February 2022.
11.11 / 14:25
UPS
Provident
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Southern
country
innovations
Insecticides India Q2 Results: Profit rises 16% to Rs 61 crore, revenue declines 10%
quarter of FY 25. The revenues of the company went down by 10 per cent to Rs 627 crore in Q2FY25 as compared to Rs 696 crore in Q2FY24. The net profit of the company, however, went up by 16 per cent to 61 crore in Q2 FY25 from 53 crore in FY24. Rajesh Aggarwal, managing director of the company said «During the quarter, we observed firming up of raw material prices although excessive and continued rainfall resulted in lower pest infestation. The farmers delayed their spraying schedule, which adversely impacted revenue growth for the Company. The monsoon has been marking India's Wettest monsoon in four years, with rainfall exceeding 100% of the long-term average, increasing sowing for Kharif crop and a promising outlook for Rabi season.»
11.11 / 14:25
markets
Provident
BLOCK
Analysis
Trade
Experts
Commentary
Sebi asks QSBs to offer UPI mechanism, 3-in-1 facility to investors from Feb 1
stock brokers to offer either the facility of trading in the secondary market using the UPI-based block mechanism to their clients similar to the ASBA facility or a three-in-one trading account facility from February 1. These qualified stock brokers brokers (QSBs) must offer one of these two options, in addition to the current mode of trading. The three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution. In this case, the clients would have their funds in their bank account, earning interest on the cash balances.
11.11 / 13:33
UPS
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Apple
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Sporting
A new streaming customer emerges: The subscription pauser
Subscribe to enjoy similar stories. When streaming-video customers want a break from their subscriptions, they are increasingly saying goodbye for now, not forever. As subscription prices rise and streaming-centric home entertainment becomes the norm, families are establishing their own hierarchies of always-on services versus those that come and go with seasons of hit shows or sports.
11.11 / 12:13
Provident
Waters
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Features
From Crompton to Racold, check out these best geyser brands that you must consider buying this winter
Material: MetalWeight: 7.8 kgPower source: Corded electricWattage: 2000 wattsBuyers are happy with the water heater's price and design, noting that it helps lower their utility expenses without losing effectiveness. There are diverse opinions on its functionality and heating performance.Opt for this water heater for quick, safe, and energy-efficient water heating, especially if you need protection against hard water.The Havells Instanio Prime 25L water heater features a unique colour-changing LED indicator to show the water’s temperature.
11.11 / 11:09
markets
COST
Provident
economy
pandemic
Trade
President
Trump 2.0: The Indian IT sector may need to re-evaluate its US-centric model
Subscribe to enjoy similar stories. The US has been the largest market for India’s IT services industry for decades, with companies like HCL, Infosys and TCS providing outsourced services to American firms across sectors. About 55% of India’s IT sector revenues come from that region.
11.11 / 11:09
UPS
Provident
Action
economy
President
country
International
Trump victory leaves China calling the shots at COP29 climate negotiations
Subscribe to enjoy similar stories. With Donald Trump’s election victory, the U.S. is headed again for the exits of the Paris accord, the international climate agreement signed nearly a decade ago, and toward an energy policy inspired by Trump’s campaign mantra “drill, baby, drill." China, on the other hand, appears more committed to the agreement than ever.
11.11 / 10:51
markets
UPS
Citi
Provident
FIVE
Analysis
Trade
Fee-based biz helped Share India grow Q2 numbers; to focus on retail business going forward: Sachin Gupta
Sachin Gupta, CEO, Share India Securities, says there was a huge growth in demand in MTF. Further, Share India focused on the merchant banking side, helping some companies to get listed on the SME side and that also gave good revenues. Recently they have started the institutional desk where we empanelled 113 institutions in the last one-and-a-half years. All these factors focusing on the fee-based businesses helped Share India a lot. Going further, they will focus on increasing the retail business. Let us look at your numbers. Your overall numbers in Q2 were pretty strong both on a sequential basis as well as year-on-year basis. What are the factors that led to the growth in Q2? Even your broking clients are up 35% sequentially which is marking a three-fold increase from Q2 of FY24. What led to that? Sachin Gupta: A number of factors worked in our favour. One, definitely market participation was good overall. But on the Share India side, in the last two years, we focused more on the retail side for which we started providing MTF (margin trading facility) services to the clients. We saw a huge growth, huge demand in MTF and Share India book stands at around Rs 250 crore by the end of September.
11.11 / 10:51
markets
Provident
Digital
Strategy
Research
Experts
PAM
AI startup Sparkcognition rebrands as Avathon, to triple India headcount in two years
The company, which provides safety monitoring for infrastructure assets across sectors such as aerospace, defence, oil and gas, is also rebranding itself as Avathon. “India is at the heart of Avathon’s roadmap, with AI projected to contribute over 50% of the Asia-Pacific region’s growth in traditional industries by 2028. India will play a pivotal role in our expansion, serving as a hub for product engineering, delivery, support and R&D," Johar said.
11.11 / 09:23
Provident
Target
Citizens
Sustainability
Healthcare
social
Freebies are not fiscally sustainable but there’s no need to ban them
Subscribe to enjoy similar stories. In the lead-up to elections, Indian politics frequently centres around promises of state-sponsored ‘freebies’—or giveaways aimed at winning voter support. These range from free electricity and water to subsidized rice and laptops.
11.11 / 09:23
COST
UPS
Provident
security
economy
Food
It is time India started indexing tax slabs and exemptions with inflation
Subscribe to enjoy similar stories. NEW DELHI : One of the big stories of the Indian economy has been the sharp increase in personal income tax collections. The personal income tax collection (excluding securities transaction tax) stood at ₹4,52,286 crore in April-August 2024-25, up 25.5% from ₹3,60,381 crore in the year-ago period.
11.11 / 03:43
Provident
performer
stars
reports
testing
Department
Sporting
Gautam Gambhir Press Conference LIVE: India coach to soon address media prior to leaving for Australia
Gautam Gambhir Press Conference LIVE: India head coach Gautam Gambhir will address the media before departing to Australia for the Border Gavaskar Trophy 2024. Gambhirt is likley to be grilled by the media for team India's performance in the recently concluded 3 match Test series against New Zealand.
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