Provident Financial News

29.10 / 12:27
Provident FIVE Career Platform security information FIP Why this rural India-focused RIA wants to build an account aggregator platform
Nitin Sawant, founder of NS Wealth, a Sebi-registered investment advisory firm, secured final approval from the Reserve Bank of India (RBI) on 28 October to launch an account aggregator (AA) platform under his new venture, OMS Fintech Account Aggregator.
29.10 / 12:15
markets UPS Provident Digital security Experts Colleges This Diwali, light up your child’s future with Bajaj Finance child FD
When we think about kids’ gifting, it’s often toys, gadgets, or clothes that come to mind. However, a Bajaj Finance Fixed Deposit (FD) can be a far more valuable gift, providing your child with financial security in the years to come. It is not just an investment in money but in your child’s future dreams—whether it's their education, starting a business, or even a dream wedding. 1. Competitive interest ratesOne of the biggest advantages of a
29.10 / 11:59
UPS Provident FIVE Booking information Features Can AI chatbots be manipulated? A new industry promises just that.
Subscribe to enjoy similar stories. In the early days of the internet, finding content was a challenge. Even though hundreds of people were creating new websites everyday, unless you knew their URLs, there was no way to find them.
29.10 / 10:05
markets UPS Provident security Strategy cover Features The multi-cap funds frenzy: How do these stack against flexi caps?
Subscribe to enjoy similar stories. As the mutual fund industry in India grows, investors looking for a well-rounded approach across market segments are becoming more interested in multi-cap funds. The distinctive feature of multi-cap funds is their mandatory minimum 25% allocation to large, mid, and small-cap categories, providing opportunities for growth and diversification.
29.10 / 09:49
markets UPS Provident Extreme security Trade NSE cash volumes sink to six-month low ahead of Sebi’s F&O curbs
Subscribe to enjoy similar stories. Mumbai: A combination of regulatory tightening and nervousness due to the recent pullback in equities has dragged down turnover in the cash market and the number of trades on NSE to a six-month low, per market veterans. The average daily turnover on NSE, which commands a 94% market share, declined almost 12% sequentially to ₹1.07 trillion in the month through 28 October from the previous month.
29.10 / 09:49
Provident DELL students performer Features Videos Last chance to get big offers on laptop during the final day of Amazon Diwali sale
Get a new laptop under ₹40,000 during the Amazon saleAlso read: Diwali deals on laptops under ₹50000 with Amazon Great Indian Festival: Over 75% off on HP, Lenovo, and moreLaptops priced between ₹40,000-60,000 during the ongoing Amazon’s sale offer excellent value for users seeking a balance of performance and affordability. These models are great for multitasking, casual gaming, and work-from-home needs, typically featuring improved processors, more RAM, and better display quality.
29.10 / 09:49
markets UPS Provident Target Manufacturing electronic exclusive Syrma SGS Technologies targets $1 billion revenue by FY27
Subscribe to enjoy similar stories. Syrma SGS Technology Ltd, an electronic system design and manufacturing company, aims to clock $1 billion in revenue by FY27 and is 'seriously evaluating’ opportunities in manufacturing semiconductors and printed circuit boards, managing director Jasbir Singh Gujral said in an exclusive interview with Mint. Having reported revenue of ₹833 crore and a lower-than-expected profit of ₹39.6 crore in the quarter ended September, Gujral maintained that the company’s revenue will grow at 35-40% with an EBITDA margin of 7%.
29.10 / 09:27
Provident Assurant cover information OBR accused of 'political intervention' by ex-chancellor Hunt over spending review
In a letter addressed to the OBR on Friday (25 October) and published today (28 October), Hunt stated he was «not informed in advance» of the contents of the spending review despite it covering his time in office as chancellor. «In your letter to the Treasury Select Committee announcing the review on the 29 July, you stated that the review would cover ‘the adequacy of the information and assurances provided to the OBR by the Treasury regarding departmental spending,'» Hunt wrote in the letter. «As this covers my time as chancellor, as a matter of procedural fairness I would have expec...
29.10 / 09:11
markets Provident Booking security Strategy Enterprise exclusive Finova Capital secures Rs 1,135 crore in fresh funding from Avataar Venture Partners, Sofina, Madison India and others
Finova Capital has secured $135 million (about Rs 1,135 crore) in a fresh funding round led by Avataar Venture Partners, Sofina and Madison India Capital, with existing investor Norwest Venture Partners also participating, the Jaipur-based company said on Tuesday. The new investors join existing shareholders Peak XV Partners, Faering Capital and Maj Invest. The round provided partial exit to some of the early investors, the company said. The transaction marks business-to-business focused growth-stage fund Avataar Venture Partners’ first investment in the financial services sector in India.
29.10 / 07:25
Provident Google Entertainment Interface Sony Xiaomi voice Best smart TVs in India 2024: Here's a list of the top 10 picks for amazing picture and sound quality
1. LG 80 cm (32 inches) HD Ready Smart LED TV The LG 32LQ643BPTA is a sleek and stylish smart TV that offers vibrant colors and sharp picture quality. With built-in Alexa and Google Assistant, you can easily control the TV with voice commands.
29.10 / 04:03
markets COST Provident ETF Trade Experts performer Gold funds or ETFs? Which one to choose this Dhanteras?
Dhanteras, a significant part of Diwali festivities, is traditionally associated with purchasing gold, symbolizing wealth and prosperity. While buying physical gold remains a popular option, many investors now seek to invest in gold through financial instruments such as gold funds or gold exchange-traded funds (ETFs). These investment options offer exposure to the precious metal without the hassle of buying physical gold. But with both choices available, the question arises: which one should you choose this Dhanteras? Gold ETFs offer greater liquidity, lower costs, better security than trading physical gold, and can be bought and sold with a single click without any hassle.
29.10 / 03:01
markets Provident Software exclusive reports rights Relationships What if Microsoft let OpenAI go free?
Subscribe to enjoy similar stories. Call it a modern-day version of a spectacular Renaissance patronage. Since 2019 Microsoft has provided more than $13bn in cash and computing capacity to OpenAI , a once-penniless startup that is now at the forefront of generative artificial intelligence (AI) and, as of its most recent fundraising round, worth $157bn.
29.10 / 02:25
UPS Provident security Analysis Trade Oil prices edge up, US plan to refill reserve offers support
Oil prices edged up on Tuesday, after a sharp plunge in the previous session, as a U.S. plan to purchase oil for the Strategic Petroleum Reserve provided support while investors remained focused on developments in the Middle East. Brent crude futures climbed 44 cents, or 0.6%, to $71.86 a barrel by 0025 GMT, while U.S. West Texas Intermediate crude was at $67.83 a barrel, up 45 cents, or 0.7%.
29.10 / 00:59
markets Provident Digital security students Experts International Edu-wealth startup Zinc raises $25.5 million from Nexus Venture Partners, others
Edu-wealth startup Zinc, founded by former PayU Credit chief executive and PaySense founder Prashanth Ranganathan has raised $25.5 million in seed funding. The round was led by Nexus Venture Partners, with participation from Quona Capital, EDBI, Global Ventures, and Saison Capital. The Singapore-headquartered company plans to use the funds to drive product innovation, expand its offerings and secure key financial licences to help families save and invest for their children's global education.
29.10 / 00:59
markets COST UPS Provident Google NVIDIA Experts Every cloud can have a desi silver lining
artificial intelligence (AI) revolution – this was Nvidia founder and chief executiveJensen Huang’s clarion call to India Inc at ET Conversations in Mumbai last Friday. The Indian market is currently dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud. But are there any domestic players that are equipped to take on the three global hyperscalers? There are local alternatives, such as E2E, according to Pratik Desai, founder of agricultural AI startup Kissan AI – which uses Azure as the primary cloud provider and AWS as a secondary cloud provider – but they are catching up in terms of cost and integrated services.
28.10 / 17:53
UPS Provident security Bill recommendations Increased old age security pensions set to roll out. How much?
Canadian seniors are set to receive a scheduled top-up in benefits as the Liberal government faces pressure to increase payments for those under the age of 75 years.
28.10 / 17:49
Provident Airlines awards travelers Schools International Destinations Mumbai airport to operate 3,372 flights per week in winter season
flights per week flight movements this winter despite rising travel demand. Chhatrapati Shivaji Maharaj International Airport (CSMIA) is all set to provide an extensive network of travel options for its passengers with 3,372 weekly flights--2,361 weekly domestic and 1,011 weekly international flights-- for the winter schedule 2024, the private airport operator said. Significantly, as per the winter schedule for the Indian Airlines announced by the Directorate General of Civil Aviation (DGCA) earlier this month, the Indian airlines will operate 25,007 flights every week to and from 124 airports, which is 5.37 per cent more compared to the winter schedule of 2023. The winter schedule this year started from October 27, 2024 and will continue till March 29, 2025.
28.10 / 17:49
markets UPS Provident Manufacturing Gap Schools China must boost consumption to escape debt-deflation loop and better nominal GDP growth
nominal GDP (unadjusted for inflation) growth. At the starting point, nominal GDP growth is at 4%, significantly lower than the 10% rate the country routinely churned out between 2017 and 2019. This is because the GDP deflator (the broadest measure of prices in the economy) has been stuck in negative territory for six consecutive quarters, the worst run since the late-1990s. So, lifting the GDP deflator back toward a 2-3% growth run rate will be key. It is through this lens that one must evaluate the recent slate of policy actions, specifically, whether they will revive nominal GDP growth and lift China out of the debt-deflation loop. These measures are supportive, but not sufficient yet.
28.10 / 16:59
markets Provident Target Action Strategy Yellow Haryana govt says stubble burning incidents down 29% this year
stubble burning incidents this year compared to the corresponding year-ago period due to the significant steps being taken by the Haryana government for crop residue management, it said on Monday. Acting on the directives of Chief Minister Nayab Singh Saini, a state-specific scheme has been implemented to curb incidents of stubble burning, according to an official statement. This initiative provides financial assistance to farmers for crop residue management while setting zero-burning targets for panchayats. As a result of these efforts, there have been 713 recorded incidents of stubble burning this year, marking a 29 per cent reduction compared to the corresponding year-ago period, it said. However, strict action has been taken against law violators, the statement further said.
28.10 / 16:17
UPS Provident Art CEO Food Everest Automation wish lists: What top leaders would want AI to do for them
And this is just the tip of the iceberg. OpenAI CEO Sam Altman recently outlined a heady vision of ‘artificial superintelligence’, one where “our children will have virtual tutors who can provide personalised instruction in any subject, in any language, and at whatever pace they need”. “If a lamplighter could see the world today, he would think the prosperity all around him was unimaginable. And if we could fast forward a hundred years from today, the prosperity all around us would feel just as unimaginable.” — SAM ALTMAN, CEO and co-founder, OpenAI, on the potential evolution we could see in the next few decades thanks to AI Given all this potential, ETPanache asked leaders what tasks they would like to automate if they could and what tasks they would hate to give up control of. Irina Ghose MD, Microsoft India
28.10 / 16:17
UPS Provident Digital Platform Strategy Experts show Cybercriminals using mule accounts to set up illegal payment gateways for money laundering: MHA
illegal payment gateways created by transnational gangs of cybercriminals using mule bank accounts and are being used for facilitating money laundering, officials said on Monday. The gateways are created by transnational cybercriminals who provide money laundering services using accounts of shell companies and individuals, exploiting the bulk payout facility provided by banks, it said. Police in Gujarat and Andhra Pradesh recently conducted nationwide raids which showed that cybercriminals have set up illegal digital payment gateways using rented bank accounts for laundering the proceeds of different crimes. «Some of the payment gateways identified during the operation are PeacePay, RTX Pay, PoccoPay, RPPay etc. These gateways are learnt to be providing money laundering as a service and are operated by foreign nationals,» a government statement said.

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