Provident Financial News

MUMBAI : Retail and high net-worth individual (HNIs) investors have become a key bulwark for the Indian stock market in recent years. Latest data underscores their growing significance as a counterbalance to selling pressure from foreign institutional investors (FIIs) and “other" investor categories. This domestic buying spree has helped the Nifty outperform its Asian peers, such as Nikkei 225, South Korea's Kospi and Singapore's Straits Times Index, amid global market jitters.

Maharashtra, an auto-rickshaw driver was killed and his friend injured when an SUV ran over them while they were sleeping at the Versova beach in Mumbai, police said on Wednesday. The incident took place in the early hours of Monday following which the sports utility vehicle (SUV) driver fled from the spot without providing any help to the victims, they said. The SUV driver and another occupant of the vehicle have been arrested. Auto-rickshaw driver Ganesh Yadav and his friend Bablu Shrivastava were sleeping at the beach as they felt hot in their room located nearby in the Sagar Kutir Rahivasi Sangh slum area, an official from Versova police station said.

Oyo has reported its first-ever profit after tax (PAT) of Rs 229 crore for financial year 2024, according to the company's annual report.

Union budget, for example: the Indian government announced incentives to boost maintenance, repair, and overhaul (MRO) activities in the aviation and shipping sectors. While we’ve previously detailed how companies in the ship-repairing sector stand to benefit—leading to some stocks doubling in value—the aviation sector’s MRO industry hasn’t garnered the same level of attention. India’s aviation industry is soaring, driven by increasing demand for air travel, expanding fleet sizes, and a growing focus on regional connectivity.

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.

Buy or sell stocks for today: Domestic equity benchmarks Nifty 50 and Sensex dropped nearly one per cent in the previous session, dragged by a broad sell-off in banking, auto, and metal stocks. The frontline indices extended their losses to the third straight session on Tuesday amid ongoing foreign fund outflows and mixed global market trends. The 30-share BSE Sensex tumbled 692.89 points or 0.87 per cent to settle at 78,956.03.

Ameriprise has extended its advisory network yet again as another advisor team joins the broker-dealer from UBS, this time in the Lone Star State.

Leading wealth tech provider Advyzon is looking to help RIAs take their high-net-worth and ultra-high-net-worth investment management services to the future with its latest partnership.

Undisputed boxing game will officially launch on October 11, 2024. This follows a long early access period, allowing players to experience the game before its final release.

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...

Google Pixel Watch 3 was officially revealed, offering significant upgrades while maintaining the classic circular design that fans have come to appreciate. This time, Google has utilized recycled aluminum in the construction.

STALKER 2 ha faced multiple faced multiple delays but is now set for a November 2024 release. This article provides an overview of the release, platforms and gameplay.

Ashwini Ponnappa on Tuesday said she received little to no individual financial assistance from the sports ministry in the build up to Paris Olympics and even her request for a coach was turned down ahead of the just-concluded Games. The Sports Authority of India (SAI) had come out with a document, detailing the financial support provided to the Paris-bound Indian athletes. It mentions that Ashwini was provided Rs 4,50,000 under TOPS and Rs 1,48,04,080 under Annual calender for Training and Competition (ACTC), which included the procurement of Game Ready recovery equipment, international competitions and sparring partner in the Tokyo cycle. «I'm absolutely shocked… I don't mind not getting money but telling the nation that I got money is ridiculous. I haven't received it. Like if you're talking about national camp, then that 1.5 Crore is spent on all the campers,» Ashwini told PTI.

Life Insurance Corporation of India is preparing for a second legal battle over trading in insurance policies, something the insurance behemoth says is illegal, arguing that such transactions threaten to hit at the root of the industry and expose policy buyers to losses. India's biggest insurer is seeking to challenge legally the campaign by ACESO, a company that claims to be an asset monetiser and focused on buying up LIC policies, said officials aware of the plans. It is luring policyholders to transfer their rights to it for a consideration instead of surrendering them. ACESO, founded by two chartered accountants — Ketan Mehta and Himanshu Ashar — is offering ALIP or Assign Your Life Insurance Policy. This it says is based on a legal contract which is permissible under the law. It brings double benefits to those involved in the insurance policy — the agents and the policyholder. When assigned, ACESO is said to be paying more than what LIC would have paid and the continuity of commissions for agents.

Check out what's clicking on FoxBusiness.com

Health Minister JP Nadda on Tuesday, Federation of Resident Doctors’ Association (FORDA) has called off its strike, which began to protest the recent rape and murder of a trainee doctor in Kolkata. FORDA's nationwide indefinite strike, which began on August 12, witnessed shutting down of outpatient departments (OPDs), operation theatres, and ward duties, while emergency services continued to operate as usual. The delegation led by the association's President Aviral Mathur, presented its reformulated demands and were assured support by Nadda.

assembly elections, the state governments of Maharashtra, Jharkhand and Haryana are readying to launch direct cash transfer schemes for women this month. The practice started with the BJP government in Madhya Pradesh last year and since then, the parties in power have relied on cash handouts to women voters in a bid to stay in power. In Maharashtra, the Eknath Shinde-led government has announced the Mukhyamantri Majhi Ladki Bahin scheme, under which women in the age group of 21-60 years will get ₹1,500 per month. Following the debacle in the Lok Sabha election, the state government has set aside Rs 25,000 crore for the scheme. It has planned to credit the first two instalments for July and August before Raksha Bandhan, which falls on August 19.

EPF) Scheme, which will reduce the time and effort on the part of the members while providing facilities such as online submission of applications, validation of applications and transfer of past accumulations of the subscribers. «This facility will benefit at least 1 lakh members of 70 establishments to transfer the accumulations of almost ₹1,000 crore, as and when their surrenders are admitted,» labour and employment minister Mansukh Mandaviya said at the launch. He said the online facility will replace the earlier system of physical submission with voluminous documents and allow the establishment to track the applications with a tracking ID.

Three news outlets were recently leaked confidential material from inside the Trump campaign, but have chosen not to reveal any of the details about what they received

Cities seldom launch big-ticket infrastructure projects to host a political convention, but landing the high-profile events often provides a nudge to speed up construction