Provident Financial News

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

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

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

ITR' notices from the income tax department is higher than in previous years. There are many possible reasons why an income tax return (ITR) may get tagged as 'defective'. For instance, if your name in your PAN card does not match the name given in the ITR filed by you or if you have claimed TDS credit without reporting the corresponding income, etc. The reasons are endless, but ultimately, if your ITR is tagged as 'defective', then a notice under section 139(9) will follow. After receiving this notice, you have to fix the defect within the given timeline, which is usually 15 days.

18% of their stake since September 2022 and now own less than 20% of InterGlobe Aviation. While investors generally don’t react positively to promoters selling shares, this particular exit seems to have been conducted in a transparent and orderly manner. Investors did eventually absorb Gangwal’s gradual exit in 2023.

insurance coverage. “Historically, only a small percentage of MSMEs provided healthcare benefits to their employees as most insurers required a minimum number of employees to extend insurance coverage,” says Yogesh Agarwal, Founder & CEO, Onsurity. “Offering comprehensive healthcare benefits is necessary to help businesses differentiate themselves in a competitive talent market.” Only 5-7% of small businesses provide health insurance coverage to their employees, say industry observers.

: From early beginners to aggressive investors, it is impossible to ignore mutual funds while planning a long-term investment strategy. Similarly, it is unthinkable to manage mutual fund investments without Livemint’s coverage of MF news, returns, NAVs, fund managers, SIP, NFOs, equity MFs, and other mutual fund schemes.

Lingo Telecom agreed to pay a $1 million fine after the agency said it transmitted fake robocalls imitating President Joe Biden seeking to dissuade people from voting for him in New Hampshire's Democratic primary election, a US government regulator said on Wednesday. The Federal Communications Commission said Lingo transmitted spoofed robocalls that used generative artificial intelligence voice-cloning technology «to spread disinformation.» The calls were directed by political consultant Steve Kramer, who has been charged by the New Hampshire state attorney general's office. The FCC earlier proposed fining Lingo $2 million for allegedly transmitting the robocalls in January. The FCC said Lingo under the settlement will implement a compliance plan requiring strict adherence to FCC caller ID authentication rules.

Bronfman sweetened his bid to take over Paramount Global, offering $6 billion for its controlling shareholder National Amusements and a minority stake in Paramount, according to a person familiar with the matter. He had previously offered $4.3 billion, according to Reuters sources. Shares of Paramount rose more than 2.4% after the market closed. Paramount said on Wednesday it had received an acquisition proposal from Bronfman on behalf of a consortium of investors, but it did not disclose the terms.

Western Asset Management co-chief investment officer Ken Leech faces a potential enforcement action from the Securities and Exchange Commission as part of a probe into whether some clients were favored over others in allocating gains and losses from derivatives trades.

Cardea, a wealth manager established in 2018, is looking forward to a fresh start – and it’s getting a multimillion-dollar kickstart from a prestigious source.

Reserve Bank of India allowed foreign currency cards on RuPay. In FY24, there were 968 million transactions via RuPay cards, lower than 1.26 billion in FY23. The quantum of transactions remained unchanged at ₹2.4 trillion across both years.

Open a demat account: If you don’t already have a demat account, this is your first step. It’s similar to setting up an online account—simple, straightforward, and usually done with a depository participant (DP) such as a bank or brokerage firm. Obtain a conversion request form (CRF) from your broker: Your DP acts as the intermediary between you and the financial markets.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

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...

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

National Company Law Tribunal (NCLT) approving its takeover of SKS Power Generation Ltd, winning bidder Sarda Energy and Minerals has deposited ₹1,950 crore into an escrow account with Bank of Baroda (BoB) — ahead of the 45-day deadline set by lenders. In a stock exchange filing Tuesday, Sarda Energy confirmed the payment, including ₹1,805 crore paid to financial creditors of SKS Power, State Bank of India and BoB, as well as additional expenses for the insolvency process. It also includes excess cash in the company to be given to lenders. The NCLT on August 13 approved the transaction, with BoB Capital as the process advisor. «The transfer was made on earlier this week well ahead of the 45-day timeline provided for in the resolution plan. Sarda has raised a majority of the funds from banks with about 30% from internal accruals,» said a person familiar with the deal.

Netflix has announced the premiere date for the third season of The Lincoln Lawyer. Set to debut on October 17, the season will bring back key cast members and introduce new faces.

Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, stopping short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed.

Canada’s two major freight railroads could come to a halt Thursday if they can’t resolve a contract dispute

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...