Provident Financial News

Sternberg's decision to step down in 2025 came after he was asked by the board in April to continue in the position of chair, considering it «a matter of good succession planning» while they found a suitable replacement. «The board considers that the tenure of the chair should be determined principally by the board's role in providing strategic leadership, governance, challenge and support to the managers,» the directors stated in the trust's latest annual report.  Monks to pay lower annual dividend to boost share buybacks "[This is] whilst balancing the importance of independence,...

India is leading in technology advancements for the first time, rather than just playing catch-up, said a top executive from American chip major Nvidia on Wednesday. «Why India now? What is it for India now? Will India really succeed? I strongly believe India will succeed. For the simple reason that, for the first time in technology advancements, we're not following; we're leading. We're not just creating; we're innovating on top of it. We are the cradle in which AI will be applied,» said Vishal Dhupar, managing director of Nvidia South Asia. He was speaking at the India Innovation Summit, the flagship national event of the Confederation of Indian Industry (CII), held annually in Bengaluru.

Shares of ECOS (India) Mobility and Hospitality surged 16.5% to Rs 456 on the BSE following a decent debut on Wednesday. The stock was listed at Rs 391.2 on the BSE, posting a 17.1% premium over the IPO price of Rs 334. However, the listing was slightly below expectations, as the shares were trading at a grey market premium (GMP) of 48% above the issue price before the debut.

Rajasthan's Education Minister, Madan Dilawar, made headlines by announcing that the bicycles distributed to schoolgirls will switch from black to saffron. Dilawar explained that there’s no special reason behind changing the colour of the bicycles. However, he pointed out that during the previous BJP government in Rajasthan, the bicycles were saffron. When the Congress came to power, they changed the colour to black. Dilawar emphasised that saffron is a symbol of valour and bravery, recalling that patriots wore this colour during India’s independence movement. «With this thought in mind, we have decided to change the colour to saffron,» he said. The free bicycle scheme in Rajasthan started in 2009 to help girls stay in school, as many drop out in Class 9 due to transportation issues. Over 7 lakh girls are eligible for these bicycles, and the government also provides a travel allowance to those living within three to five kilometres of their school.

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

reading glasses. Mumbai-based Entod Pharmaceuticals announced the final approval for PresVu eye drops, with plans to launch the product in the domestic market in the first week of October.

Vinesh Phogat on Wednesday met Congress leader Rahul Gandhi in Haryana amid rumours of her joining the party ahead of the Assembly elections in the state. Tokyo Olympic bronze medalist Bajrang Punia also met the Leader of Opposition. The Congress on Tuesday had said that it would provide clarity on fielding Phogat for the Haryana elections after an AICC central election committee on Monday. Sources said the CEC meeting cleared 34 of the 49 names that it discussed.

NRI) who has filed an income tax return (ITR) while claiming relief for income tax and double taxation, it's important to follow additional procedures. Failure to do so could lead to rejection of your claim by the tax department. If your claim for double taxation relief is rejected, you'll be impacted in two ways. First, you'll have to pay income tax according to the laws of the foreign country where you're a resident. Second, you'll also have to pay income tax in India. To save NRIs from this trouble, the Indian government has signed a Double Tax Avoidance Agreement (DTAA) with more than 90 countries including USA, the UK, Korea and Taiwan.

Rajasthan government might cancel the 2021 sub-inspector recruitment exam after it was revealed that there was a widespread paper leak, which has also led to 66 arrests so far. The government could use the state police's special operations group (SOG) report submitted to the home department to cancel the hiring test, sources said to TOI on Tuesday. SOG is probing multiple allegations of rigged hiring exams for teachers, SIs, junior engineers, and forest guards, all managed by Rajasthan Public Service Commission.

Ajay Bagga, Market Expert, says the rural economy coming back is the bigger story. For banks, the issue is twofold. One is there is going to be a NIM compression given that there is a deposit war out there and that sustainable funding is still being sought. A big chunk of the financial savings are going into the markets through various instruments like mutual funds, insurance, provident funds, NPS, or direct investments. Bank deposits are hurting. They have to increase rates and that is causing a NIM compression. Long-term, banks will do well as they are the suppliers to a growing economy. But in the next six months, one can find much better returns in power financiers or insurance or mutual fund companies. How are you looking at the entire IT space, given that we have seen an outperformance continuing into this month? What do you expect the remainder of the year is likely to bring for the IT space? Ajay Bagga: IT is looking good. There is continued buying in IT and we expect better results coming in. The AI part, was the cause for worry and we had seen the employee headcount going down as well. Now we are seeing several end uses of AI coming in. The semiconductor companies, as the suppliers of the AI chain, were doing very well and the end user companies were looking at end-use cases, and in the centre were our IT companies.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Musk's satellite broadband firm, Starlink, on Tuesday said that it is complying with Brazil's top court order to block access to social media platform X in the country, a day after informing the country's regulator it would not obey the order. Starlink had emerged as a fresh battleground between Musk and Brazil, as top court judge Alexandre de Moraes ordered the freeze of the company's accounts for possible use to pay fines owed by X, which is also owned by Musk. «Regardless of the illegal treatment of Starlink in freezing of our assets, we are complying with the order to block access to X in Brazil,» Starlink, which has more than 200,000 customers in the Latin American nation, said in a post on X.

Bajaj Housing Finance will open for subscription on September 9 and close September 11. The price band will be between ₹66 and ₹70. The offer comprises a fresh issue of ₹3,560 crore and an offer for sale of ₹3,000 crore by promoter Bajaj Finance. Bids can be made for a minimum of 214 shares and multiples thereafter. Bajaj Housing Finance is a 100% subsidiary of Bajaj Finance and offers finance for the purchase and renovation of homes or commercial spaces to individuals and corporate entities, provides loans against property and working capital for business expansion. It also provides loans and lease rental discounting to developers. It plans to use the proceeds from the fresh issue to augment its capital base.

₹250-per-month micro-SIP, chairperson Madhabi Puri Buch said. It would add another rung in India’s financial inclusion ladder. Mint explains what micro-SIPs are and what the industry thinks of them.

Elon Musk’s satellite-based internet service provider Starlink has backtracked and announced it will comply with a Brazilian Supreme Court justice’s order to block the billionaire’s social media platform, X

Losses from bitcoin (BTCUSD) ATM scams soared above $110 million in 2023, a nearly tenfold increase in just three years, new data from the Federal Trade Commission (FTC) shows.

Supreme Court has directed the registrar general of the Madras High Court to furnish a report following a claim by the Central Bureau of Investigation that a Madras High Court judge passed a single line order in its case but made the detailed order available after he demitted office. A division bench of justices Abhay Oka and Augustine George Masih was informed that the operative portion of the judgment was delivered before the judge retired. But the detailed judgment was made available on the high court website only after Justice T Mathivanan demitted office in May 2017. The judgment pertained to quashing a corruption case filed by CBI against an IRS officer.

Apollo Global Management Inc. co-founder Josh Harris’ alternative asset manager 26North Partners LP has struck its first private equity deal.

MHA) has moved the Supreme Court seeking better accommodation and facilities for the Central Industrial Security Force (CISF) personnel stationed at the RG Kar Hospital and Medical College and hostels of resident doctors. In an applicationbefore the Supreme Court, the MHA argued that due to the long distance between the accommodation place and the RG Kar Hospital, the security personnel have been facing difficulties in ensuring efficient administration and prompt mobility during contingencies. The MHA has sought for the initiation of contempt proceedings against West Bengal officials in violation of the orders of August 20 and 22 in the event of failure to cooperate with the needs of the CISF troops.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

OLED screens will have notable implications for its current suppliers. Notably, Japanese firms Sharp Corp and Japan Display, who have been key providers of LCD screens for Apple's devices, are expected to be phased out of the company's supply chain for its handsets.