Provident Financial News

Before my son went overseas for his higher education, he opened a PPF account in an Indian bank. He has continued to invest in it even after getting a job abroad. Is this acceptable as per the PPF rules? Dev Ashish, Founder, StableInvestor, and Sebi-registered investment adviser: If your son opened a PPF account in India as a resident and later became an NRI, he can continue the account till maturity.

Student accommodation provider, The Hive Hostels, has partnered with Crib, a property management software platform, to fully digitalize its business operations, financial systems, and management processes. The company plans to add 3,000 beds by the end of FY 25 with an investment of Rs 10 crore. The partnership with Crib aims to enhance The Hive Hostels' operational efficiency as the company prepares for its upcoming IPO.

Suzlon Energy surged 5% to reach a day's high of Rs 81.95 on the NSE on Wednesday, marking the second consecutive session of gains and a total increase of over 10% in the two-day rally. The positive investor sentiment is driven by Morgan Stanley's overweight stance on the renewable energy sector. The stock was trading with strong volumes, with nearly 7.6 crore shares changing hands on the NSE around 10 a.m. The total traded value was Rs 617 crore. The stock is nearing its 52-week high of Rs 84.29.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Reserve Bank of India has imposed a penalty of ₹1.91 crore on Axis Bank and ₹1 crore on HDFC Bank for non-compliance with regulations. Both banks opened certain savings deposit accounts in the name of ineligible entities. The monetary penalty on Axis Bank pertains to violations done in FY23. The bank allotted multiple customer identification codes to certain customers instead of a unique customer identification code for each customer and obtained collateral security for agricultural loans up to ₹1.60 lakh in certain cases. Besides, Axis Bank's wholly-owned subsidiary undertook business as a technology service provider, which is a violation of the Banking Regulation Act.

Apurva Prasad, Vice President, HDFC Securities, says IT companies with higher BFSI exposure, would be candidates that can potentially surprise on earnings. The other element is if you look at the guidance that the companies have provided for the year, most of the guidance does not bake in the macros recovery or macro getting better. Among mid-tier companies, the ones that continue to do relatively better versus peers would be Persistent Systems. Also, with higher BFSI exposure, names like TCS can be candidates.

Madhabi Buch has maintained her complete silence for weeks on all of the emerging issues. «Buch has maintained her complete silence for weeks on all of the emerging issues,» said the shortseller in a post on X. In reaction, Hindenburg said «New allegations have emerged that the private consulting entity, 99% owned by SEBI Chair Madhabi Buch, accepted payments from multiple listed companies regulated by SEBI during her time as SEBI Whole-Time Member. The companies include: Mahindra & Mahindra, ICICI Bank, Dr. Reddy’s and Pidilite. These allegations apply to Buch's Indian consulting entity with no details thus far on Buch's Singapore-based consulting entity.»

₹2,000. (100 basis points make up one percentage point). Interchange refers to the fee paid on every transaction to the bank offering credit.

Health Canada is issuing a recall for vitamins and medicines sold by Canadian pharmaceutical brand JAMP Pharma, the health agency said in recall notices.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

India and the UAE have inked a pact that provides a framework for giving services for operation and maintenance of nuclear plants in the emirate. The Memorandum of Understanding was signed by Bhuwan Chandra Pathak, Chairman and Managing Director of the Nuclear Power Corporation of India Limited (NPCIL), and Mohamed Al Hammadi, the Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation (ENEC) of the UAE. The MoU was inked during the ongoing visit of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to India. Al Nahyan held talks with Prime Minister Narendra Modi on Monday.

Memebet Casino ($MEMEBET Token) is breaking new ground in the online gaming space with its ICO, which has already raised $150,000 in minutes, for a new online casino where users can wager directly with meme coins for the first time.

Read more about other Laptops on the Top Trending Products page. Check out the best Laptops under 75000 below. 1. Dell G15 5520 Gaming Laptop Dell G15 5520 Gaming Laptop, Intel i5-12500H, 16GB DDR5, 512GB SSD, NVIDIA RTX 3050 (4GB GDDR6), 15.6"(39.62cm) FHD 120Hz 250 nits Display, Backlit KB Orange, Win 11 + MSO'21, Dark Shadow Grey, 2.81kg22% Off₹74,490₹94,987Buy Now The Dell G15 5520 is a powerful gaming laptop designed to deliver an exceptional gaming experience with its robust hardware and optimized cooling system. Equipped with a 12th Gen Intel Core i5-12500H processor, 16GB of DDR5 RAM, and a 512GB SSD, it offers impressive performance for gaming, multitasking

Narendra Modi assured the CEOs of semiconductor industry that his government will follow a “predictable and stable” policy regime even as he emphasized that India has the wherewithal to become a reliable partner in the diversified semiconductor supply chain. Ahead of the Semicon India conclave, the prime minister chaired on Tuesday a Semiconductor Executives Roundtable in which he underlined that democracy and technology together can ensure the wellbeing of humanity. He gave assurances to the CEOs that India will provide a conducive environment for growth in the semiconductor sector. “The Indian government will follow a predictable and stable policy regime. With the focus of Make In India and Make for the World, the government will continue to support the industry at every step,” Modi said, according to officials.

India is not the 'West'. This is a USP it must use with Palestine — and Israel — to tell both warring parties to cease fire for the sake of their own sake. New Delhi has greater dealings with Tel Aviv of late.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

iPhone 16 lineup is improved battery life, particularly for the Pro models. Users can expect extended usage times for both video and audio playback. The iPhone 16 Pro offers up to 27 hours of video playback and 85 hours of audio playback.

A top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts in half the extra capital that the largest institutions will be forced to hold.

National Institutional Ranking Framework, an official said on Tuesday. Under the 'Prime Minister Professorship' initiative, the government will provide substantial funding, postdoctoral support, and necessary resources to build research groups in these universities, Ajay Sood, Principal Scientific Advisor to the Union government said. He said the decision was taken during the inaugural Governing Board meeting of the Anusandhan National Research Foundation (ANRF) chaired by Prime Minister Narendra Modi. Sood said the mentorship will be given by scientists and professors from national laboratories and top institutions like the IITs.

DoT) has simplified the approval process for issuance of experimental and demonstration licenses with introduction of fixed timelines. Further, companies will be able to get approvals for license-exempt wireless devices on a self-certification basis. The changes are part of DoT’s efforts to enhance ease of doing business in the telecom sector with an aim to reduce delays and simplify regulatory requirements. The changes have been incorporated based on the recommendations of Telecom Regulatory Authority of India (Trai). As per the latest rules, for experimental licenses (radiating category), the license will be deemed issued after 30 days of application if no decision is conveyed for cases where no inter-ministerial consultation is needed. In cases requiring inter-ministerial consultation, the DoT will seek comments within seven days of receiving a complete application. If no comments are received, a provisional license will be granted after 60 days, which will be converted to a regular license after 90 days, provided there are no adverse comments.