Provident Financial News

Balochistan Chief Minister Sarfraz Bugti and Interior Minister Mohsin Naqvi led a high-level meeting at the Chief Minister's Secretariat to discuss the province's law and order situation following the recent blast incident at Quetta railway station. A preliminary report was also presented and discussed in the meeting, ARY News reported. A devastating blast at Quetta Railway Station in Pakistan's Balochistan province on Saturday claimed at least 26 lives and injured 62 others, according to local authorities and hospital officials, Dawn reported. It was decided in the meeting that decisive steps would be taken with full force to crush the terrorists and intelligence-based operations would be expanded to thwart the nefarious designs of anti-state elements, as per ARY News.

Swiggy and Zomato are both assessing several new services as the food and grocery delivery majors diversify beyond their core businesses, people in the know told ET. Bengaluru-based Swiggy is all set to launch a pilot programme for a services marketplace, labelled ‘Yello’, which will host professionals such as lawyers, therapists, fitness trainers, astrologers, dieticians, according to sources in the know. The company, which is slated to list on the bourses on November 13, is yet to decide if this service will be spun off into a separate app or kept on the main Swiggy platform, these people added. It is also testing a premium membership service called ‘Rare’, for affluent customers providing them access to high-end events such as Formula 1 races, music concerts, upscale art exhibitions, in addition to VIP hospitality and priority reservations at luxury restaurants. For Swiggy, these moves mark a clear diversification beyond its core offerings.

wage ceiling and lower the headcount threshold under the Employees' Provident Fund Organisation (EPFO) as it aims to enhance and widen coverage for bolstering social security for workers. The current wage ceiling under the EPFO is ₹15,000 per month, which could be raised to up to ₹21,000 in line with the wage ceiling under the Employees' State Insurance Corporation. Further, the mandatory threshold in an organisation for joining the EPFO may be lowered to 10-15 employees from 20 currently. The ministry of labour and employment is currently discussing the matter with stakeholders, said people aware of the deliberations. They added that the government is keen to push the welfare measures as it prepares the ground for rollout of the Social Security Code.

HDFC Capital, the real estate private equity arm of HDFC Group, has formed a partnership with realty developer Runwal Enterprises to set up a platform for developing residential projects for affordable, mid-income and upper mid-income families. As per the terms of the pact, HDFC Capital will be investing more than '1,150 crore to support the development of sustainable housing projects in Mumbai. These projects will have an estimated revenue potential of more than $1 billion. «HDFC Capital is committed to forging long-term partnerships with leading developers like the Runwal Group, with a proven track record of development and delivery. Through this collaboration, we aim to address the growing demand for sustainable, high-quality homes for affordable and middle-income families in India,» Vipul Roongta, managing director and CEO, HDFC Capital, told ET.

TA Associates will acquire the Bengaluru- and US-based revenue cycle management (RCM) services provider Vee Healthtek for $250 million (about ₹2,100 crore), said sources aware of the development. TA will own a significant majority stake, while the promoter — Chennai-based Valliappa family — will retain a minority stake, added sources. Vee Healthtek, owned by South India-based Sona Group, provides a range of services, including revenue cycle management, professional billing, and IT services to hospitals, health systems, pharmaceutical companies, and physician groups globally. The company boasts a workforce of 5,000 employees worldwide, and is expected to post $100 million in revenue in FY25.

HDFC Capital, the real estate private equity arm of HDFC Group, has entered a partnership with realty developer Runwal Enterprises to set up a platform focused on the development of residential projects for affordable, mid-income and upper mid-income families. As per the terms of the agreement, HDFC Capital will be investing over Rs 1,150 crore to support the development of multiple sustainable housing projects across the country’s commercial capital. The portfolio of projects to be developed through this partnership is estimated to generate a revenue potential over $1 billion.

Nidhi Yadav drew inspiration from Zara's fast-fashion model.

International mega banks, funded by taxpayer dollars, are the biggest, fastest-growing source of climate finance for the developing world

Adani Thiruvananthapuram International Airport Ltd is not a 'transfer of business', but supply of services and hence is liable to GST, the Kerala-bench of the GST Authority for Advance Ruling (AAR) has said. The Kerala AAR ruling is contrary to the rulings passed by the Rajasthan and Gujarat Appellate Authority for Advance Ruling (AAAR) in the case of transfer of Jaipur and Ahmedabad airports and Uttar Pradesh AAR in the case of Chaudhary Charan Singh International Airport in Lucknow. These authorities had exempted such transfers from goods and services tax (GST). The Airports Authority of India (AAI) in its application before the AAR said it has entered into a concessionaire agreement with Adani Thiruvananthapuram International Airport Ltd for the operation, management, and development of the airport for 50 years. The AAI sought rulings from the AAR on a set of queries, including whether the agreement involves transfer of business and whether such a transfer would be treated as 'supply as going concern' and be exempt from GST.

monetisation of natural gas deposits in the northeastern region can help cut down its import, while also boosting the local economy and providing more trade opportunities, a top official of the Indian Gas Exchange (IGX) said. Rajesh K Mediratta, Managing Director and CEO of IGX, the country's first automated national level gas exchange, maintained that the region can supply the surplus gas not only to other parts of the country, but also to neighbouring Bangladesh and earn significant revenue. «The Northeast has tremendous potential in the production of natural gas. As the Northeast Gas Grid is likely to become operational by 2026, the deposit of 6 million MMSCMD of natural gas can be monetised by the existing producers,» Mediratta said. «This will add to the country's energy security as IGX will help gas producers sell the surplus gas to the other regions,» he said, while speaking at a seminar on 'Gas Market Development for North East' here on Friday.

Subscribe to enjoy similar stories. Today’s CEOs have many things on their minds—technology, geo-politics, regulations, talent, sustainability and much more. Tepid consumption growth in the last few quarters makes it even more critical to put consumer centricity back on the CEO agenda.

In this guide, we explore the best idli makers available, covering their features, ease of use, and suitability for different household needs, so you can enjoy delicious, homemade idlis with minimal effort every time.

Vedanta's aluminium and zinc production volumes have reached record levels. «In the near future, we are aiming to double the production levels at our subsidiary, Hindustan Zinc Ltd, increase oil production at Cairn Oil & Gas to 3 lakh barrels of oil equivalent per day, and increase the capacity at our aluminium smelter to 3 million tonnes per annum,» he said.

Subscribe to enjoy similar stories. Chennai-based Sudarshan Jain was in for a shock when he checked his Employee Provident Fund (EPF) passbook in August this year. Interest on his EPF for the financial year 2023 and 2024 had not been credited.

Subscribe to enjoy similar stories. Ryu Seong-hyeon doesn’t need to imagine what the thousands of North Korean soldiers deployed to the Russian front lines might now be thinking. Not long ago, he was one of them.

Finance and Corporate Affairs Nirmala Sitharaman has launched the National MSME Cluster Outreach Programme, organised jointly by the Department of Financial Services (DFS), Ministry of Finance, Government of India, and Small Industries Development Bank of India (SIDBI). The launch took place on Saturday. Around 150 MSME Clusters were connected virtually for the launch with senior bank officials being present in each of these Clusters. The programme aims to ensure access to Financial Services and promote the growth of Micro, Small and Medium Enterprises (MSMEs) across the country, the Ministry of Finance said in a statement.

For Indian investors, this principle is just as relevant for country diversification as it is for asset diversification. While investing in India alone can yield strong returns driven by a robust economy, expanding into global markets offers unique benefits that domestic equities alone would not be able to offer.

Donald Trump's election as the 47th President of the US.

The U.S. government has extended avocado import permissions to Guatemala, but don’t expect that to result in cheaper guacamole anytime soon

Indian Ocean Region (IOR), India has gifted two water-jet propelled Fast Interceptor Craft (FIC) to Mozambique. The FICs were transshipped from India by INS Gharial.

Subscribe to enjoy similar stories. If anything has lived, we will eat it," my father once boasted. He certainly did, trying beetles in Mizoram and rats in Nagaland and, along with my mother, encouraging us to enjoy the blood curries and sundry offal specialities of north Karnataka.