Provident Financial News

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

NBFCs), BlackSoil Capital, an alternative credit provider, and Caspian Impact Investments (Debt), an impact investment lender, on Thursday announced that they have received unanimous approval from their respective Boards of Directors to merge through a share swap. This decision paves the way for creating a combined entity uniquely positioned to deliver value to various stakeholders such as clients, shareholders, lenders, investors and employees and boost operational efficiencies. After the merger is complete and regulatory approvals are received, Caspian Debt will be fully integrated into BlackSoil. This strategic amalgamation will position BlackSoil, the combined entity, as one of the largest players in the alternative credit segment it operates in.

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

Radisson Hotel Group on Thursday expanded its presence in Himachal Pradesh by signing Glenview Resort in Kasauli. The new addition takes the group’s tally to 10 hotels in the state, said the hospitality company in a press release. The hotel is set to open in Q4 2024 and will be equipped with several range of rooms including king rooms, twin rooms, and suites. It will have a ballroom, an outdoor event space, and two meeting rooms for occasions and business gatherings. It will also feature a swimming pool, a gym and a spa. Dining options will include an all-day restaurant, a rooftop restaurant, and a bar. “We are thrilled to announce the signing of Glenview Resort Kasauli, a member of Radisson Individuals which significantly solidifies our presence in Himachal Pradesh. Radisson Individuals helps us strategically add independent hotels to our portfolio while keeping their unique charm,” said Nikhil Sharma, Managing Director and Area Senior Vice President — South Asia, Radisson Hotel Group.

The demotion follows disappointing results from the fashion brand, which posted a significant downturn in its performance, as retail revenues plummeted by 22% year-on-year to £458m in the first quarter of 2024, with management signalling the slowdown will continue. In turn, business insurance provider Hiscox will be promoted to the FTSE 100, replacing Burberry. Raspberry Pi, one of the most high-profile IPOs for the London market this year, will join Burberry in the FTSE 250, while Diversified Energy Company will be delegated from the index and join the FTSE small cap. Nick Train s...

Shares of Cholamandalam Investment and Finance Company on Thursday surged 4.3% to their new all-time high of Rs 1,549 after the global brokerage firm Goldman Sachs initiated coverage on the stock with a target price of Rs 1,786. The target price signals an upside potential of 20% from Wednesday’s closing price of Rs 1,485.55.

Suzlon Energy on Thursday jumped 2.7% to its day’s high of Rs 76.09 on BSE after the company announced that it had signed an agreement with OE Business Park (OEBPPL) for sale of its corporate office, One Earth Property. On the completion of the aforementioned sale, the One Earth Property would be leased back to the company for a period of 5 years with sub-leasing and licensing rights.

Persons with Disabilities (POW), including victims of the ongoing Manipur strife, a team of Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS), an organization for the rehabilitation of PWD, is currently holding “fitment camps” for them in the state. Since its establishment in 1975, BMVSS, the maker of globally commended “Jaipur Foot” has benefitted over two million people. Besides Manipur, the Samiti also held similar camps in Chhattisgarh’s disturbed areas of Dantewada and Sukma where a large number of people, who lost their limbs, were provided with artificial limbs and other aids and appliances.

Many investors have real-estate investment trusts in their portfolios because they provide exposure to the real-estate market without having to buy property directly. But which of the many types of REITs on the market have performed best over the long run, and do they provide the housing-like returns investors seek?

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...

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Air Canada has offered to boost the pay of more than 5,000 pilots by about 30 per cent within the next three years, according to people familiar with the matter, as it seeks to prevent a strike.

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

bull run. It is India’s time, and that’s where the ultimate money follows the value. So, HNIs and retail investors are in the right place at the right time,” says Rajeev Mathur, Head-Wealth Broking, Yes Securities India Ltd. In an interview with ETMarkets, Mathur said: “To make money, you don’t need to be the most intelligent person in the world; you just need to be disciplined. All asset classes offer sufficient wealth creation opportunities” Edited excerpts:

Mansukh Mandaviya on Wednesday approved the centralised pension payment system (CPPS), which will allow 7.8 million Employees' Pension Scheme subscribers to withdraw their pension from any branch of any bank across India starting January 1, 2025. In the next phase, CPPS will enable a smooth transition to the Aadhaar-based payment system (ABPS), the ministry of labour and employment said in a statement. The move will enhance ease of living while significantly cutting pension disbursement costs of the Employees' Provident Fund Organisation (EPFO).

Manipur police have approached the Army on the use of 7.62mm MMG to train its personnel. Due to the deteriorating law and order situation in Manipur, the Manipur police Department has purchased these arms from Ordnance Factory Jabalpur. Unidentified miscreants torched the house of a retired police officer in Jiribam in Manipur. Assistant Director (Administration) in Manipur Police Training College, Pangei in a letter to the Colonel GS(Operation), 57th Mountain Division, Manipur, “Due to the deteriorating law and order situation in Manipur, the Manipur police Department has purchased a few 7.62mm MMG MK 2A1 from Ordnance Factory Jabalpur.The MMG's have already been collected and have reached the State. However, as Manipur Police does not have any trained manpower on the above-mentioned weapon, it is requested that a training team consisting of an MMG Det may please be provided to Manipur Police Training College, Pangei from your esteemed Troops of 57h Mountain Division”. The letter added, “A Training Schedule of 21(twenty-one) days has been proposed starting from 9th September 2024. Accommodation for the Training Team has been arranged at MPTC, Pangei. It is requested that the Training Team may please be made available before 7 th September 2024 at MPTC, Pangei.”

Toy Story 5 is set to return in 2026 with familiar voices and a new plot centered on technology.

Mint breaks down which option would be the best fit for your needs and how this choice can shape your investments. But first, what’s a portfolio investment scheme? It’s an arrangement introduced by the Reserve Bank of India to enable NRIs to invest in the stocks of Indian companies, and allows for both repatriation and non-repatriation of profits. But there are differences in PIS and non-PIS accounts that you need to consider before deciding on one.

Nitin Gadkari on Wednesday said two-wheeler manufacturers should provide helmet to the purchaser of the vehicle at a discount or reasonable rate as many people die in road accidents just for not wearing helmets. Addressing an event here, Gadkari said 50,029 people lost their lives in accidents in the country in 2022 when they were not wearing helmets. «I am thinking of requesting two-wheeler manufacturers… if they can give some reasonable discount on helmets to the purchaser of the vehicle then we can save the life of the people,» he said. The road transport and highways minister also stressed on the need to plan the parking arrangement for school buses.