Provident Financial News

24.12 / 02:09
Provident Aviat Action security President country Rangers US moves troops and additional special- operations aircraft into Caribbean
Subscribe to enjoy similar stories. The U.S. moved a large number of special-operations aircraft and multiple cargo planes filled with troops and equipment into the Caribbean area this week, giving the U.S.
24.12 / 02:09
UPS Provident Charity President Universities country donates Why fewer Americans are giving than before
Subscribe to enjoy similar stories. At the end of every year, somewhere between buying presents and overeating, Americans usually turn charitable. But it seems fewer of them will give money away in 2025 than in years gone by.
23.12 / 13:23
UPS Provident Booking Pool show Schools Introverts want the boss to understand their plight
Subscribe to enjoy similar stories. “Passion doesn’t have to look like ‘rah, rah!’" Bristol-Myers Squibb employees were giving managers pointers on how to tell whether their introverted staffers are excited about their work. After all, it can be hard to tell.
23.12 / 07:33
UPS Provident CEO Analysis Software Enterprise Research HCLTech spends $400 million on acquisitions in a week as it bets on improving AI, data offerings
HCL Technologies Ltd announced acquisitions for $400 million in the past week, the most spent on such transactions in three years, to strengthen its AI and data offerings for customers increasingly adopting automation.India’s third-largest IT services company said on Monday that it would spend more than $240 million to buy Jaspersoft, a US data analytics company. That day, HCL also said it would buy Wobby BV, a Belgian startup that provides AI agents for data analysis purposes.The company’s acquisition spree started on 18 December, when it said it would purchase the Telco Solutions business of Hewlett Packard Enterprise for $160 million.
23.12 / 07:33
markets Provident Manufacturing Enterprise show Updates International GDP data revision: The statistics ministry has issued detailed notes for growth sceptics to delve into
Following the release of two discussion papers by India’s ministry of statistics outlining proposed methodological changes for the upcoming base-year revision of national accounts, there has been a renewed focus on our methodology for the GDP revision. The new base year will be 2022-23 and the revised series is scheduled for release in early 2026.
22.12 / 12:15
UPS Citi Provident Research show information Traffic How street-level data is changing the way India sees air pollution—and the startup behind it
air quality-focused climate-tech startup, for a full retrofit. Today, every IntrCity SmartBus functions like a moving air-quality lab.
22.12 / 07:31
COST UPS Provident Booking Cycling performer reports For IT companies, will 2026 be a year of healing?
Subscribe to enjoy similar stories. The Nifty IT index has risen around 10% over the past two months, driven by rupee depreciation and expectations of a recovery in discretionary technology demand. The December quarter (Q3FY26) is almost over, and collectively, the first three quarters of FY26 have shown no clear signs of easing in the earnings downgrades cycle of Indian IT services providers.
22.12 / 07:31
markets Provident Manufacturing economy Trade social innovations Dani Rodrik: Neoliberalism is dead—Here’s the new economic consensus that has replaced it
The post-neoliberal consensus is here, but don’t look for it in US President Donald Trump’s policies. After a decade of backlash, it is time to accept not only that neoliberalism is dead, but also that a new consensus is taking its place. Remarkably, significant segments of the left and the right in America have come to agree on the broad outlines of economic policy.
22.12 / 01:01
markets UPS Provident Action security Cycling inclusion Liquidity, not just rate cuts, holds the key to cooling Indian bond yields
Subscribe to enjoy similar stories. Despite a 125-basis-point rate cut by the Reserve Bank of India (RBI) in 2025, government bond yields have refused to cool off, leaving a growing disconnect between the bond market and policy actions. Since the beginning of February, RBI’s Monetary Policy Committee has cut the policy repo rate by 125 bps.
22.12 / 01:01
markets COST UPS Provident Mobile Highways country India’s highways may soon ‘talk’ to vehicles under new CCV protocol
Subscribe to enjoy similar stories. New Delhi: India is laying the groundwork for an ambitious push into autonomous vehicles while also supporting the rising demand for electric vehicles in the country.
21.12 / 12:47
Provident Fighting Netflix Research President Warner Bros Justice Department Trump World is picking sides in the battle for Warner Bros.
Subscribe to enjoy similar stories. WASHINGTON—Some of the most influential people in President Trump’s orbit, past and present, are facing off in the unfolding drama over the future of Warner Bros. Discovery.
20.12 / 01:47
COST UPS Provident Bill 2020 Updates From North to South, how revisions in MGNREGS will burden states
Earlier this week, the government proposed major changes to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) through the introduction of a new bill in the Lok Sabha. The Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) Bill, 2025, proposes to increase the employment guarantee under the rural employment guarantee scheme. In 2025-26, the central government allocated ₹86,000 crore to MGNREGS, one of the biggest expenditure items in its budget.
20.12 / 00:13
markets Provident Aware Platform Software Trade track TCS, Nasdaq vying for NCDEX equity platform vendor deal
Subscribe to enjoy similar stories. India's only agri derivatives exchange National Commodity and Derivatives Exchange Ltd (NCDEX) is evaluating technical proposals from reputed global vendors—including its existing vendor LSEG (London Stock Exchange Group), US-based Nasdaq, London-headquartered Aquis and India's largest software exporter Tata Consultancy Services Ltd (TCS)—for its equity and equity derivatives platform slated for launch in the next fiscal year, according to a person aware of the development.
19.12 / 14:31
Citi Provident Gap Department medicines guidelines Pharmaceuticals India tweaks Jan Aushadhi Kendra rules: What the 500-metre gap means for owners
Subscribe to enjoy similar stories. New Delhi: India has revised rules for opening retail outlets under a government scheme to sell high-quality generic drugs at affordable prices, mandating a minimum distance of 500 meters between stores in major urban areas, according to two officials and a document reviewed by Mint. This decision replaces the guidelines issued in September, and seeks to balance the scheme’s rapid expansion with the financial health of Pradhan Mantri Bharatiya Janaushadhi Kendras.
19.12 / 07:47
markets Provident Target Manufacturing economy Sustainability innovations How India–Finland cooperation could set the global pace for turning waste into economic value
India is a nation on a trajectory of rapid economic growth and today stands at the threshold of a defining era.This growth is being channelled through ambitious national goals that explicitly link innovation with sustainability, notably India’s commitment to achieving net-zero emissions by 2070 and its push to strengthen advanced manufacturing and global technology capabilities through initiatives such as Make in India and the Production Linked Incentive (PLI) schemes.This approach to combining scale with responsibility positions India as an increasingly attractive partner for countries across the world.Finland, a country renowned for innovation, clean technologies, and robust public and industrial systems, shares this forward-looking vision.Finland’s national goal is to achieve carbon neutrality by 2035, a significantly more ambitious timeline than the European Union’s overall target of 2050.The current annual bilateral trade value between India and Finland, at approximately €3 billion, remains modest relative to the potential of two innovation-driven economies.
19.12 / 01:53
markets UPS Provident Manufacturing Research trends How Chinese cars are beating European tariffs
Subscribe to enjoy similar stories. WHEN THE European Union increased tariffs on Chinese battery electric vehicles (EVs) in 2024, the logic was straightforward: raise prices and imports will fall. A study published by the Kiel Institute, a think-tank, estimated that higher levies would cause Chinese car exports to plunge by 25%.
19.12 / 00:33
markets Provident Target security Mobile Sustainability Updates Former BluSmart executive leads Refex bid to salvage bankrupt EV ride hailer
Mint.The sustainable transport provider, which operates a fleet of more than 1,400 vehicles, is targeting BluSmart’s over 5,000 charging stations and technology stack, and has asked its interim resolution professional (IRP) to reopen the expression of interest (EoI) window after missing the initial deadline, said a person familiar with the matter.The firm is expanding its presence across its five cities of operation: Bengaluru, Hyderabad, Delhi, Mumbai, and Chennai.To be sure, Refex Mobility is a wholly owned subsidiary of conglomerate Refex Industries Ltd, which had been in talks to acquire Gensol Engineering Ltd’s 2,997 electric cars leased to the electric cab operator, but dropped the deal in March after the latter’s ratings were downgraded.Arun, who exited the ride-hailing company during its debt-repayment crisis earlier in 2025, along with chief technology officer Rishabh Sood and chief business officer Tushar Garg, joined Refex Mobility in August as its CEO.In March, credit rating agencies Icra Ltd and CARE Ratings Ltd downgraded Gensol’s credit rating to junk due to delays in debt servicing, prompting Refex Industries to cancel the ₹315-crore deal with Gensol.In April, the Securities and Exchange Board of India (Sebi) barred Gensol, its chief executive Anmol Singh Jaggi and promoter director Puneet Singh Jaggi from the securities market over charges of fund diversion.Soon, the operations of the Jaggi brothers and Punit Goyal-founded company came to a grinding halt, pushing its group companies into insolvency court.The National Company Law Tribunal’s (NCLT) Ahmedabad bench commenced BluSmart Mobility's corporate insolvency resolution process (CIRP) on 28 July on a plea filed by Catalyst Trusteeship over a default
19.12 / 00:33
COST Provident Digital Food Bill cover prevention Mint Explainer: Why is the government looking to replace India’s rural job guarantee scheme?
On Thursday the Union government passed the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) Bill 2025 in the Lok Sabha, proposing a sweeping overhaul of India’s two-decade-old rural job guarantee programme. It has now been sent to the Rajya Sabha for discussion.The new bill seeks to replace the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005 and the scheme named after it, MGNREGS, which has 260 million registered workers and covers 26,9000 gram panchayats across India.According to the government, the bill seeks to transform the nature of the scheme by bringing states in as partners, and resolve a longstanding problem in the rural job market—of MGNREGA jobs competing with regular ones when their wages are close to or higher than what local farmers or small contractors pay.Critics, however, say the bill significantly increases the financial and administrative burden on local governments as it passes on some of the wage costs – currently borne entirely by the Centre – to states.Mint takes a closer look at proposed changes, their implications, and the critisisms against them.In a statement on the new bill, the government said rural India has undergone a transformation over the past two decades.
18.12 / 12:59
markets COST Provident FIVE Manufacturing reports testing India proposes perpetual licensing and uniform testing for medical devices
Subscribe to enjoy similar stories. NEW DELHI: The Centre plans to scrap expiry-based licences for medical devices and introduce perpetual approvals alongside uniform lab testing rules, according to two officials and a draft notification reviewed by Mint.
18.12 / 12:59
markets COST Provident security wellness Headlines Mutual fund expenses under Sebi’s new rules: A guide for investors
Subscribe to enjoy similar stories. MUMBAI: The Securities and Exchange Board of India (Sebi) on Wednesday introduced a series of regulations for mutual funds, with changes to expense structures likely to have the most direct impact on investors. Here’s a closer look at what these rules entail and how they could affect the cost of investing in mutual funds.
17.12 / 10:13
Provident Manufacturing security NVIDIA Immunic AMD electronic Nvidia tie-up gives Netweb a unique advantage, but it isn't immune to risks
Subscribe to enjoy similar stories. The stock of high-end computing solutions provider Netweb Technologies India has soared 80% in the past six months. In September the company bagged two orders for servers and artificial intelligence (AI) systems worth ₹2,184 crore.

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