Provident Financial News
21.08 / 13:14
markets
Provident
Waters
Career
security
Research
testing
Can a professor, lawyer or doctor give investment advice? Sebi has a plan
Also Read: Becoming an investment advisor is about to get a lot easier The requirements to become a part-time IA/RA are similar to those for full-time advisors. Applicants must have a relevant finance-related degree, or a postgraduate degree from NISM, or a CFA charter. Additionally, they must clear the NISM 10-A and 10-B exams.
21.08 / 13:12
Provident
SEC
security
Actor
social
information
Firm that lost $6.6M client funds in cyber incidents settles charges with SEC
A firm that lost millions of dollars of client funds in two separate cyber incidents is to pay $850,000 and agree to a cease-and-desist order and censure, to settle charges with the Securities and Exchange Commission.
21.08 / 12:35
markets
COST
UPS
Provident
economy
country
Confused investors are a sign of a developing economy
Could Sebi’s curbs for investment advisers choke financial planning in India? A developed nation is one where land, labour, capital, entrepreneurship and technology are liberated from the mindset of an under-developed, frontier, or developing economy. India has a golden chance to achieve this, but Sebi’s role in market development, capital development and investor protection will be crucial. Developed countries are easier to do business in, and have lower fees for financial services.
21.08 / 11:39
21.08 / 11:22
COST
UPS
Citi
Provident
Waters
security
Livpure secures ₹233 crore from M&G, Ncubate, to expand subscription network
MUMBAI : Livpure, a provider of water purification solutions, has raised ₹233 crore in a funding round as it gears up for aggressive growth. The capital was raised from private equity giant M&G Investments and venture capital firm Ncubate Capital Partners. "The capex will primarily be required to build the subscription network across the country as we expand from 26 cities to 50, and eventually to 100 cities in the next three years," said Rakesh Kaul, managing director, Livpure.
21.08 / 11:03
markets
Provident
Digital
ETF
Bitcoin
reports
Interviews
Grayscale’s ETF Chief Argues Digital Assets Now a Non-Partisan Issue, Signalling Bullish Market
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
21.08 / 09:57
Citi
Provident
Aware
information
reports
testing
recommendations
NEET PG 2024 Result to be announced at natboard.edu.in: Here is how to check score, counselling details, cutoff marks
National Board of Education for Medical Studies (NBEMS) is likely to announce the results for the National Eligibility Cum Entrance Test (NEET) PG 2024 shortly. The NEET PG exam was held on August 11, 2024, at 416 centers across 170 cities in 31 states, with over 2.2 lakh candidates participating. Results will be accessible for download on the official NBEMS websites, natboard.edu.in and nbe.edu.in. Qualified candidates will be eligible for admission to MD/MS/PG Diploma and Post MBBS DNB Courses, Direct 6 Year DrNB Courses, and NBEMS Diploma Courses through counseling rounds. For further details, visit the official NBEMS website.
21.08 / 09:42
21.08 / 09:21
Provident
FIVE
Manufacturing
security
Mobile
economy
Ola becomes only EV maker to secure PLI certification for four electric scooters
Ola Electric successfully met the minimum localisation criteria of 50% as mandated by the Ministry of Heavy Industries. The company stands to receive incentives ranging from 13% to 18% of the determined sales value of compliant products for up to five consecutive financial years starting from Fiscal 2024. With this Ola Electric has become the only EV maker to get PLI compliance certification for four products: S1 Air, S1 Pro, and S1 X models in both 3 kWh and 4 kWh versions. The S1 Air received PLI certification earlier at the Auto PLI Conclave held in January 2024. Following this announcement, shares of Ola Electric rose by 4.4% to INR 143.8 in Wednesday trading on the BSE.
21.08 / 08:54
markets
Provident
Platform
Software
Enterprise
country
innovations
Avalara plans to onboard 1,000 new employees
Avalara, a cloud-based tax compliance solutions provider, plans to onboard about 1,000 new employees in the next nine months across engineering, tax, content, sales support and professional services functions. The move is part of its efforts to establish India as a centre of technical excellence and its planned expansion in the Asia-Pacific region, according to a company statement. “Despite India’s competitive employment market, the US-based solutions provider remains committed to enhancing capabilities in tax technology, legislation, e-invoicing, and global tax compliance by investing significantly in the country's technological talent,” the company said.
21.08 / 08:16
markets
Provident
Target
SUN
Research
Alibaba, Tencent cast wide net for AI upstarts
SINGAPORE—China’s internet giants are betting billions on incubating the country’s OpenAI challengers, with Alibaba Group and Tencent leading the charge. Since 2023, investors—including the country’s biggest tech companies—have valued at least six China-based startups developing large language models at more than $1 billion each.
21.08 / 08:13
UPS
Provident
Digital
Platform
Mobile
information
recommendations
Mint Explainer: What’s the debate on regulating OTT apps?
Mint delves deeper into the issue and what’s likely to come next. The telecom regulator sought comments from stakeholders on how to frame the terms and conditions to grant licences for services that fall under the new telecom law, which came into effect earlier this year.
21.08 / 07:51
COST
UPS
Provident
Target
Equality
How sovereign gold bonds stopped glittering for the government
₹3,119 per gram then, according to the India Bullion and Jewellers Association Ltd. That gold was redeemed this year at ₹7,190 per gram. In effect, the government will pay 13.5-14% compounded on the SGBs redeemed this year, given around 11% CAGR of gold prices plus the interest.
21.08 / 07:45
COST
Provident
Research
Trade
show
Pharmaceuticals
Japan trade slips into deficit, strong yen clouds export outlook
TOKYO : Japan’s balance of trade fell back into the red in July, with the yen’s recent appreciation dimming the outlook for the nation’s exports. Japan posted a trade deficit of 621.8 billion yen for July, equivalent to $4.28 billion. That followed a 224 billion yen surplus in June, Ministry of Finance data showed Wednesday, and compared with the 359.1 billion yen deficit expected by economists polled by data provider Quick.
21.08 / 07:38
markets
Provident
Target
economy
Cycling
country
Could ‘two-factor authentication’ in India's fiscal policy be a masterstroke?
The 3% fiscal deficit target: Is it sacrosanct? Irrespective of how the data is sliced, India’s public debt position is weak for a country of its size and potential. Of countries in the BBB category, India has the highest fiscal-deficit-to-GDP and the third-highest general-government-debt-to-GDP ratios. Among large emerging markets, its debt-to-GDP metric is much higher than that of Thailand, Mexico, Philippines, and closer to below-investment-grade Brazil.
21.08 / 07:33
Provident
security
Strategy
Updates
diving
Latest Mutual Funds News Today on August 21, 2024 Live Updates: Mutual Funds: 7 game-changing factors to check before diving into an NFO
Live Updates: 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.
21.08 / 06:52
21.08 / 06:47
21.08 / 06:38
Provident
security
WhatsApp
wellness
Justice
NCLT approves ICICI Securities' scheme of delisting from the bourses
ICICI Securities Ltd’s application for delisting the company from the stock exchanges on Wednesday. The division bench of Justice Virendra Singh G. Bisht and a technical member Prabhat Kumar, while approving the scheme in an oral order, also dismissed two applications that objected to the delisting scheme. The detailed order was not uploaded till the time of filing the story.
21.08 / 06:21
markets
Provident
Booking
Platform
security
Trade
reports
Genus Power shares rally 5% after company wins Rs 3,600 crore orders
Genus Power Infrastructure rose 5% to its new all-time high of Rs 438.35 on BSE after the company reported that it has won orders worth Rs 3,608.52 crore for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs). The orders for appointment of AMISPs also include the design of an Advance Metering Infrastructure (AMI) system with supply, installation, and commissioning with FMS of about 4.26 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.
21.08 / 06:14
markets
UPS
Provident
Target
Landmark
community
stage
Australia approves world's 'largest' solar hub
Australia on Wednesday approved plans for a massive solar and battery farm that would export energy to Singapore, a project dubbed the «largest solar precinct in the world». Authorities announced environmental approvals for the US$24 billion SunCable project in Australia's remote north that is slated to power three million homes. The project, which will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore, is backed by tech billionaire and green activist Mike Cannon-Brookes.
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