Provident Financial News

13.01 / 13:29
Provident Digital Platform Analysis hospital reports prevention Health tech startups deploy AI to overcome India’s preventive care apathy
Subscribe to enjoy similar stories. BENGALURU/MUMBAI : Indians have not fully embraced routine health monitoring, and the nation’s digital health startups are betting on artificial intelligence to overcome this hurdle.
12.01 / 15:51
Provident Fighting Netflix Trade Warner Bros information Paramount plans proxy fight to push hostile Warner bid
Subscribe to enjoy similar stories. Paramount Skydance plans to launch a proxy fight for board seats at Warner Bros. Discovery, the company said Monday, as it continues pushing its hostile bid for the company.
12.01 / 11:25
COST UPS Provident NVIDIA wellness President Profiles The dark horse of AI labs
Subscribe to enjoy similar stories. Perhaps it is inevitable that Anthropic, an artificial-intelligence (AI) lab founded by do-gooders, attracts snark in Silicon Valley. The company, which puts its safety mission above making money, has an in-house philosopher and a chatbot with the Gallic-sounding name of Claude.
12.01 / 09:53
markets COST Provident Aware Platform security Bill Understanding retail direct gilt account and how it compares with FDs and debt funds
Subscribe to enjoy similar stories. For most Indian households, debt investing begins and ends with fixed deposits. A smaller set ventures into debt mutual funds, often without a full understanding of interest rate risks.
12.01 / 08:35
markets Provident Manufacturing Bill Experts 2020 testing Mint Explainer: Why the draft Pesticides Management Bill, 2025 is important for India
Subscribe to enjoy similar stories. The Centre has released the draft Pesticides Management Bill, 2025, proposing to replace the Insecticides Act of 1968 and the Insecticides Rules, 1971. The move comes after years of delay, even as the indiscriminate use of pesticides and the growing presence of spurious products have underscored the need for stronger regulation of the sector.
12.01 / 01:25
UPS Provident President International Trump’s power play risks global blowback
Subscribe to enjoy similar stories. “Venezuela is under my control and soon we’ll get Greenland. It’s necessary for the US." This is not a threat issued by a 16th century tyrant but a chilling statement by US President Donald Trump.
11.01 / 13:45
COST Provident security Mobile Metro rights International Why are Mumbai's new airport and metro signal-starved?
Subscribe to enjoy similar stories. Imagine walking into a world-class facility such as the Navi Mumbai International Airport or commuting through the Mumbai Metro Aqua line. The architecture is futuristic, the lighting is perfect, but the moment you pull out your phone, the signal bars drop to zero.
11.01 / 13:45
Provident Target Sustainability country innovations Interviews International India, China to lead global energy transition post-US exit: UN Energy official
Subscribe to enjoy similar stories. New Delhi: The global energy transition and climate goals could face challenges after President Donald Trump withdrew the US from key multilateral organizations, but the transition will continue, with countries such as India and China expected to take the lead in redrawing the global energy roadmap, a senior United Nations (UN) official said.
11.01 / 01:41
markets Provident Citizens security Parke country information Why India's savings culture serves everyone except the saver
Subscribe to enjoy similar stories. A couple of years ago, I wrote about how India remains, at its core, a fixed-income country. I pointed out that even the Public Provident Fund (PPF)—arguably the best fixed-income option available—delivered only about ₹60 lakh over 44 years of systematic investing.
10.01 / 06:51
UPS Provident Target CEO Platform security Meta Platforms Interviews Meta unveils sweeping nuclear-power plan to fuel its AI ambitions
Subscribe to enjoy similar stories. Meta Platforms on Friday unveiled a series of agreements that would make it an anchor customer for new and existing nuclear power in the U.S., where it needs city-size amounts of electricity for its artificial-intelligence data centers. The Facebook parent said it would back new reactor projects with the developers TerraPower and Oklo and has struck a deal with the power producer Vistra to purchase and expand the generation output of three existing nuclear plants in Ohio and Pennsylvania.
09.01 / 06:33
UPS Provident Sustainability film audience Flexible ticket pricing revives midweek cinema visits, but there’s a catch
Subscribe to enjoy similar stories. NEW DELHI : Audiences are lapping up weekly ticket offers priced as low as ₹99, at least for films with strong word-of-mouth, providing a stamp of approval for the idea that reasonable pricing can lure large segments back to cinemas. Multiplex chains and independent theatres that introduced weekly offers such as “Blockbuster Tuesdays" in 2025 recorded higher-than-usual footfalls, especially for mid-budget, non-star titles.
09.01 / 06:33
markets UPS Provident DOW economy show The stock-market rally isn’t just about tech anymore
Subscribe to enjoy similar stories. Investors are finally showing love to companies outside of the tech sector. Growing economic optimism, along with a more cautious view of the artificial-intelligence build-out, is prompting a major “rotation trade" on Wall Street, with investors selling technology stocks and buying up the shares of most every other type of business.
08.01 / 08:35
markets Provident show reports Updates Blank shot? Surveys hardly noticed any impact of GST rate cuts on consumer spending in India
The prices of various items such as footwear, clothing, consumer durables (such as air-conditioners and TV sets) and automobiles (cars, two-wheelers, etc) have fallen post-GST rationalization. Our calculations suggest that inflation in India’s GST-basket (weight of 17%) decelerated to 2.1% year-on-year in October 2025 and further to 1.8% in November from a stable 3% in the previous 14 months.
08.01 / 00:57
markets UPS Provident security reports Courts Updates Contested penalties: Why toothless Trai fails to curb spam, improve quality
India’s telecom regulator has ramped up penalties on operators, but its crusade to improve service quality, compliance and contain spam is stalling. Hamstrung by limited powers and litigation, 97% of these fines have gone unpaid.The Telecom Regulatory Authority of India (Trai) imposed penalties worth ₹45 crore in the fiscal ended March 2025 (FY25), according to data flagged by the Comptroller and Auditor General’s (CAG's) audit of the regulator’s financial statements.
07.01 / 13:13
markets Provident security Software Trade recommendations prevention Mint Explainer: Why has Sebi tweaked the timelines for sharing market data with educators?
The Securities and Exchange Board of India (Sebi) has proposed a uniform 30-day lag for exchanges to share market data with trading academies and for academies to use such data in their teaching materials after receiving feedback from the industry. Two previous circulars had sparked confusion about whether these academies could use one-day-old or three-month-old market data.In a consultation paper released on Tuesday, the regulator suggested that stock exchanges provide market data for educational purposes only after a 30-day delay, and that trading academies limit their training materials to 30-day-old data.Mint explains why such time lags for sharing and using market data exist, why a delicate balance is needed, and why Sebi decided to change them now.In May 2024, Sebi restricted exchanges from sharing live market data such as prices, volumes and so on for trading and related activities, while allowing a one-day lag in the dissemination of such data for education and awareness.Then in January 2025, Sebi said educational institutions could only use three-month-old data in their teaching sessions.
07.01 / 05:41
markets Provident Healthcare exclusive reports patient Updates PE firm Kedaara Capital emerges front-runner to buy majority stake in Tynor Orthotics
₹3,500–4,000 crore with existing investor Lighthouse Funds and the promoters set to offload a total of about 60% of their holding,” one of the people cited above said. A second person confirmed the details, adding that this will largely be a secondary transaction.This assumes significance as fast-growing, consumer-facing healthcare companies are attracting strong investor interest, backed by rising insurance penetration, improving affordability and a widening patient base in India’s medical devices sector.In August, Mint first reported that the company had reopened talks and appointed O3 Capital to help with the mandate after discussions with Temasek for a significant minority stake were put on hold in 2024.Tynor’s founder Pushvinder Jit Singh, Lighthouse Funds, Kedaara and O3 Capital did not respond to emails sent on Tuesday.In 2024, Mint had exclusively reported that Singapore-based Temasek was the front-runner to acquire a significant minority stake in the company, outpacing other global private equity firms such as Warburg Pincus and Norwest Venture Partners.The new development comes nearly eight years after Tynor raised $21 million at a post-money valuation of $103.3 million from investors including Lighthouse, Thuasne and Vihome B.V.
07.01 / 01:53
markets Provident FIVE Strategy trends show country Most metal stocks lack mettle. Not these two.
India’s metal sector is becoming increasingly important as the country sharpens its focuses on infrastructure, power, manufacturing, and clean energy. Metals such as zinc and copper are essential inputs across construction, electrification, renewables, and industrial production.Hindustan Zinc and Hindustan Copper stand out among the top metal stocks in India, though their businesses operate on very different scales and cycles.Today we compare these two metal stocks by examining their operations, financial performance, and risks to help your understand how each fits into India’s metal ecosystem.Hindustan Zinc, a subsidiary of the Vedanta Group, is the world’s largest integrated producer of zinc and also ranks among the top five silver producers globally.Over the years, the company has built a large-scale and cost-efficient mining and smelting ecosystem in India.
07.01 / 01:01
markets Provident Platform Strategy Food show Updates Devyani-Sapphire merger is a good fit, but not a demand fix
food sector, aggressive local pricing, and evolving consumer preferences appear to be weighing on footfalls across the category.While the merger does little to directly revive demand, it meaningfully improves operational efficiency. Post-transaction, Devyani will become the sole operator of KFC and Pizza Hut in India, in addition to acquiring Sapphire’s Sri Lanka operations.
07.01 / 00:31
Provident Target Platform Mobile travelers Equality Updates Bank of Baroda eyes prepaid card base of 1 million in 5 years, seeks external assistance
Mint.The lender, which had 454,608 prepaid cards as of November, plans to add 100,000 prepaid cards—both domestic and foreign—every year, said the document inviting external agencies to submit their bids.The state-run lender also had an active card rate of 25%, or 112,801 cards, higher than the banking industry average of 18%, as of November, according to data from the Reserve Bank of India (RBI). An active card is defined as one that has been used for at least one financial transaction in the past year.The bank also has 1.1 million, including 994,062 active, wallets.“The purpose of the RFP (request for proposal) is to seek a detailed technical and commercial proposal for (an) end-to-end prepaid card management module…” the bank said in the document.The project includes issuing rupee prepaid cards, foreign currency prepaid cards (single or multi-currency with a minimum of 12 currency wallets), and national common mobility cards.
06.01 / 10:27
markets COST Provident Manufacturing reports Updates PMI: Retreating momentum dents confidence of services, manufacturing firms
Business activity in India’s manufacturing and services industries softened as companies grappled with subdued demand, increased competition and inflationary pressures.The seasonally adjusted HSBC India Services Purchasing Managers' Index (PMI) Business Activity Index hit an 11-month low of 58 in December, falling from 59.8 in November. With slower new work orders and easing output, companies refrained from recruiting additional staff.Plus, operating expenses rose, with cost pressures reportedly stemming from building items, chemicals, medical supplies, salaries, vegetables and office maintenance fees.“Anecdotal evidence suggested that growth was constrained by a greater presence of alternative providers and cheaper services offered elsewhere,” the services PMI survey report said.
06.01 / 09:01
Citi Provident show Department donates Updates Missing investment proofs that put salaried taxpayers on the taxman’s radar
In December 2025, several salaried taxpayers received emails and SMS alerts from the income tax department flagging discrepancies in deductions and exemptions claimed in their income tax returns (ITR).The alerts said certain claims did not match employer-reported salary data or other system records and needed revision.Most of the flagged cases involved returns where exemptions or deductions were claimed in the ITR but did not reflect in Form 16, said Nemin Shah, director at EQX Business Consultancy.If an employer deducted tax assuming fewer deductions, but the employee later claimed a larger set of exemptions directly in the return, it resulted in a refund of excess TDS. “Seeking a big refund results in the system likely taking notice and flagging it,” said Shah.This is where the annual investment declaration and proof-submission window with employers becomes critical.Every year, in January or February, employers ask employees to submit proof of investments and expenses declared at the start of the financial year.

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