Provident Financial News

04.02 / 01:21

markets Provident Manufacturing wellness Trade electronic reports ChrysCapital acquires minority stake in Bengaluru-based Nash Industries

Subscribe to enjoy similar stories. MUMBAI : ChrysCapital has acquired a significant minority stake in Bengaluru-based precision manufacturing solutions provider Nash Industries, top executives told Mint. “Nash exemplifies the emergence of globally competitive manufacturing from India.

03.02 / 17:53

markets UPS Provident Manufacturing Trade President country Trade deal guards sensitive sectors, fine print being ironed out: Goyal

Subscribe to enjoy similar stories. The India-US trade agreement protects all sensitive sectors for New Delhi, Union commerce minister Piyush Goyal said, signalling the government’s commitment to the welfare of farmers, fishermen and the dairy sector. Once the agreement takes effect, US tariffs on Indian goods will fall from a steep 50% to 18%, reviving the competitiveness of Indian exports.

03.02 / 14:37

markets UPS Provident Booking Trade President Experts US tariff cut puts Indian seafood, basmati back on America’s plate

Subscribe to enjoy similar stories. New Delhi: US President Donald Trump's decision to reduce reciprocal tariff on Indian goods, after months of trade tensions, is expected to significantly boost seafood and basmati rice exports. Industry officials said that that lower tariffs would make Indian seafood and basmati more competitive in the US market, stimulate fresh orders, and improve price realisations.

03.02 / 12:27

COST UPS Provident ETF Trade Experts Mint Explainer: What’s causing gold prices to fall, and what should you do now?

Subscribe to enjoy similar stories. After a blistering rally over the past year, gold prices are starting to see sharp corrections. Since touching its all-time high on 28 January, gold has fallen 12.2% to $4,923.88 per troy ounce (as of 1.18 pm IST on 3 February).

03.02 / 10:53

UPS Provident Progressive Experts show 2020 In charts: From disputes to closures, the changing face of Indian tax compliance

Subscribe to enjoy similar stories. Tax revenues are the backbone of government finances, yet a significant portion of these revenues remains unrealised. When funds are locked up in legal and administrative limbo, it creates a fiscal drag that stifles public infrastructure and welfare initiatives.

03.02 / 10:53

markets UPS Provident Digital economy Sustainability Research Budget: It combines strategic ambition with fiscal discipline to set India up for a sustainable growth trajectory

Subscribe to enjoy similar stories. Markets don’t always get it right, especially not immediately. India’s 2026-27 budget sparked an initial selloff, with investors obsessing over the government’s elevated headline borrowing.

03.02 / 09:53

COST UPS Provident Cooper Analysis Universities country Engineers India in talks to develop Guyana's first oil refinery, says CMD Vartika Shukla

Subscribe to enjoy similar stories. New Delhi: Engineers India Ltd (EIL) is in talks with the government of Guyana to help build its first oil refinery, CMD Vartika Shukla said in an interview, a step that could deepen energy ties between India and the South American country. EIL plans to offer project management and consultancy services for the proposed refinery.

03.02 / 04:41

COST Citi Provident PwC Healthcare Experts hospital Why hospitals are targeting health insurance buyers

Subscribe to enjoy similar stories. As India seeks to deepen health insurance adoption, a few companies are combining treatment and care with medical coverage, promising improved outcomes and lower premiums. Non-life insurance premiums, including health coverage, are expected to grow at an annual average rate of 13–15% in the medium, according to PwC.

02.02 / 16:57

Provident Target Manufacturing Align Department Courts Updates Budget 2026 seeks to make tax regime less adversarial, more predictable: official

Subscribe to enjoy similar stories. NEW DELHI : The fiscal year 2027 (FY27) Union budget signals a broader reset in India’s tax policy, combining efforts to reduce disputes and ease compliance for domestic taxpayers with targeted measures to offer greater certainty to global investors in strategic sectors.

02.02 / 14:57

markets Provident Analysis Research trends Trade President Why the markets began to party after sinking on budget day

Subscribe to enjoy similar stories. MUMBAI : The bloodbath in the markets on budget day was surprisingly cut short on Monday, as investors stepped in to bottom-fish and buy beaten-down stocks, especially those of blue chip companies that are part of benchmark indices. With much of the budget disappointment already priced in and global cues turning slightly supportive, the benchmarks recovered even as concerns over near-term growth and earnings lingered.

02.02 / 08:35

markets Citi Provident Digital Manufacturing CEO Sustainability What experts say on Budget: Steady state, long view

Subscribe to enjoy similar stories. Practical guide to growth: Hitesh Sethia The Union Budget 2026-27 strikes a pragmatic approach between fiscal prudence and growth. It reinforces the role of infrastructure as the primary engine for sustainable economic growth.

02.02 / 00:47

markets COST Provident Sustainability trends Trade recommendations Stock recommendations for 2 February from MarketSmith India

Subscribe to enjoy similar stories. Stock market update: In a historic special Sunday session coinciding with the Union Budget 2026, Indian equity markets witnessed a volatile sell-off amid a hike in the securities transaction tax (STT) on derivatives, which dampened sentiment.

01.02 / 14:23

Citi Provident Analysis Experts show International PM Internship Scheme sees sharp cut in funding in Budget 2026 amid poor response

Subscribe to enjoy similar stories. The Prime Minister’s Internship Scheme (PMIS), one of the Modi government’s flagship initiatives aimed at boosting youth skilling and employability, has faced a sharp funding cut in the FY27 Union Budget presented on Sunday. The scheme was allocated ₹4,799.96 crore for FY27, less than half of the over ₹10,000 crore earmarked for it in FY26, following unspent funds and a lukewarm response from candidates.

01.02 / 14:23

Provident Digital Manufacturing economy Sustainability Food shock Sachchidanand Shukla: A well-formulated budget that pays India’s future due consideration

Subscribe to enjoy similar stories. The stakes couldn’t be higher for Union Budget 2026-27. Global shocks and domestic frailties demanded a stroke of fiscal artistry—prudence on the fiscal path fused with audacious growth bets and prioritization of the medium term over the short term.

01.02 / 14:23

markets Provident Manufacturing security Enterprise Trade electronic Budget 2026: Manufacturing gets a big push amid global headwinds

Subscribe to enjoy similar stories. Union Budget 2026-27 continued to push the pedal on localization in the Indian manufacturing sector, announcing a slew of measures across electronic goods, pharma, textiles, capital goods and other sectors to boost India's production and export competitiveness. The focus on self-reliance was reflected in finance minister Nirmala Sitharaman’s speech.

01.02 / 12:11

markets Provident Maxim Platform security Research Trade Budget 2026: STT hike to hit derivatives trading volumes

Subscribe to enjoy similar stories. Stocks of capital-market-related companies such as exchanges and discount brokers have been hit hardest by the steep hike in securities transaction tax (STT). Listed companies aren’t the only ones that will bear the brunt — the valuation of NSE’s upcoming initial public offering (IPO) will also be affected as it is the dominant exchange in equity derivatives trading.

01.02 / 10:59

markets Provident Digital Strategy show electronic Budget 2026 in charts: Outlay for education and AI

Subscribe to enjoy similar stories. Union finance minister Nirmala Sitharaman presented the Union Budget 2026-27 on Sunday, 1 February, against the backdrop of renewed geoeconomic disruptions affecting India. With these pressures likely to spill into the coming fiscal year, the Budget 2026 offers a window into how the Centre plans to respond to pressing challenges.

01.02 / 10:59

UPS Provident economy Food Bill social Rural economy gets spending boost in Budget with allocations to jobs scheme

Subscribe to enjoy similar stories. The Union Budget 2026-27 gave a massive spending boost to the rural economy, thanks to a sharp increase in the allocations for the government’s flagship jobs scheme—Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The push comes as the Centre begins transitioning away from MGNREGA to the revamped scheme.

01.02 / 09:49

markets UPS Provident Manufacturing Trade International Destinations Budget 2026: Auto sector left wanting

Subscribe to enjoy similar stories. Going into the Union Budget 2026-27, expectations from the automobile sector were decidedly high. While the budget was not hostile towards the sector, it was not ambitious either.

30.01 / 11:13

UPS Citi Provident economy Research show social Economic Survey: Gig workers face constant income insecurity, isolation and burnout

Subscribe to enjoy similar stories. The Economic Survey 2026, released on Thursday, flagged rising vulnerabilities among migrant and gig workers as risks to labour productivity. It noted that many migrants who move to urban hubs face loneliness and social isolation despite financial gains.

30.01 / 10:27

UPS Provident NVIDIA WSJ information reports Amazon mulls $50 billion investment in OpenAI, report says. What’s in it for both.

Subscribe to enjoy similar stories. Amazon.com could be set to make a huge investment in ChatGPT-developer OpenAI. It’s a move that would have big ramifications across the cloud-computing and semiconductor sectors.

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