Provident Financial News

It has built sector scorecards by analysing data of NSE-listed companies from FY 2022-23 annual reports. The data shows that banks, financial services, information technology and services companies have a larger representation of women workers than other sectors. But there were some interesting point to note at different levels of roles, on retention and implementing enabling policies to help more women find meaningful career pathways. The report points out that leading global and Indian companies have initiated several programmes for women employees. But the IT sector continues to face a significant gender gap in leadership positions. The report highlights that women in leadership and at board level are at 22%, lower than the 34% at the overall employee level. The retention rates and return-to-work after parental leave rates are closer to the average of NSE companies. It's important to focus on targeted talent development and progression planning for women employees, says the report. This could include implementing two-way feedback sessions, providing learning opportunities and facilitating networking with senior leaders. Additionally, creating customised sponsorship or mentorship programmes can help support women’s career growth.

PM-Surya Ghar: Muft Bijli Yojana. Under the scheme component, emphasis has been laid on creating one model solar village per district across India, to promote solar energy adoption and enable village communities to become self-reliant in energy needs, Ministry of New and Renewable Energy (MNRE) said in a statement. A financial outlay of Rs 800 crore has been allocated for this component, providing Rs 1 crore per selected Model Solar Village, the ministry said. The scheme guidelines for implementation of Model Solar Village were notified by MNRE on August 9, 2024.

Reserve Bank of India has set up an expert panel to benchmark India's statistics to global standards and improve them as needed, the central bank said on Monday. RBI's Deputy Governor Michael Debabrata Patra will chair the expert committee of 10 members. The panel will submit its report by the end of November 2024. The expert committee will be tasked with benchmarking the statistics regularly disseminated by it against global standards and best practices. It will also study the quality of other regular data where such benchmarks do not exist, including for sectors of national priority. Finally, the panel will provide guidance on the scope for any further data refinement.

Baroda BNP Paribas Mutual Fund has announced the merger of Baroda BNP Paribas Medium Duration Fund and Baroda BNP Paribas Credit Risk Fund. The fund house informed about the merger to its unitholders through a notice-cum-addendum. Baroda BNP Paribas Medium Duration Fund is an open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between three and four years with a relatively high interest rate risk and moderate credit risk scheme. Baroda BNP Paribas Credit Risk Fund is an open-ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds) with a relatively high interest rate risk and relatively high credit risk. The merger of these two schemes will be effective from September 11. Individual communication is also being sent to existing unitholders of both schemes over email, wherever email ID is available. As a result of the merger, no new scheme will come into effect.

The Labor Department releases its monthly consumer price index on Wednesday

Canada through the Express Entry system, many potential applicants wonder if there is an optimal age for their application. While age is a significant factor, it is not the only determinant of success in the Express Entry process. Generally, the ideal age range for maximizing Comprehensive Ranking System (CRS) points is between 20 and 29 years old. During this period, candidates can earn up to 110 CRS points if applying without a spouse, which is the highest possible score for age. As candidates get older, the points awarded for age decrease. For instance, at age 35, the maximum points drop to 77. This decline in points as one ages is a key reason why many older applicants might feel discouraged when applying for Canadian permanent residence.

Alberta Advantage Immigration Program (AAIP) is a provincial initiative designed to nominate individuals for permanent residency in Alberta, targeting those with skills to address labor shortages or who intend to establish or purchase a business in the province. The program is administered jointly by the Alberta government and the federal government of Canada. Successful nominees, along with their spouse or common-law partner and dependent children, can apply for permanent residency status through Immigration, Refugees, and Citizenship Canada (IRCC), which makes the final decision on all applications.

Siemens and Honeywell. The consumer division, which generates a third of sales, makes all manner of devices that can connect with 5G. It has begun releasing fancy smartphones again, but also makes watches, televisions and the systems that control many Chinese electric vehicles (evs).

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

Prudent Equity launched its maiden growth strategy portfolio management service (PMS), which allows a minimum investment of Rs 50 lakh. The fund leverages a bottom-up value investing approach, capturing mispriced opportunities while prioritising capital protection, and is designed for investors seeking long-term capital appreciation over 36 to 60 months.

India. President Muizzu further emphasized that India has always been one of the closest allies and invaluable partners, facilitating and providing aid whenever the Maldives needed it, the Maldivian President's Office said in a statement. He was speaking at the ceremony held at the Maldivian President's Office, where he was handing over the completed water supply and sewerage facilities on 28 islands in the Maldives, funded by the Government of India's Line of Credit Facility through EXIM Bank of India.

Odisha commerce and transport minister Bibhuti Bhusan Jena and state law minister Prithiviraj Harichandan have called for a detailed investigation into the helicopter rides taken by VK Pandian, a bureaucrat-turned-politician, between February and September last year. They demand to know how 450 helipads were constructed for these travels, the authorization process, and who funded the rides, reported TOI. Harichandan emphasized the need to investigate the costs and authorization of the helicopter rides. He questioned how government funds were used for constructing helipads and who provided the necessary permissions for Pandian's extensive travels. Pandian, who was then serving as the 5T secretary, visited 400-450 places during this period. “We will investigate who covered the cost of the helicopter rides. Clarity must be provided on this matter. It needs a thorough probe. At the govt level, helipads were constructed wherever the helicopter landed, and govt funds were used. He (Pandian) visited 400-450 places. It is not clear who authorized this and how the authorization was issued. A department secretary does not have the authority to use helicopters. How, then, was permission granted?” TOI quoted Harichandan as saying.

South Korean banks are struggling to make their NFT business operations profitable, but will reportedly continue to press ahead with their non-fungible token-related plans.

Forecasters expect the official data from the Office for National Statistics on Wednesday (14 August) to reveal that inflation jumped from 2% to 2.3% in July. Bank of England cuts interest rates by 25 basis points to 5% This comes despite a show of «resilience» from the UK economy over the summer, arguably providing some room for further rate cuts, according to data from consultancy firm BDO. Its Optimism Index rose above 100 for the third consecutive month to levels last seen in mid-2022 — rising slightly to 102.22 from 102.09 in June, marking the third time it...

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

HP Smart Tank 589 AIO WiFi Color Printer (Upto 6000 Black and 6000 Colour Pages of Ink in The Box). — Print, Scan & Copy for Office/HomeCheck Latest Price onBuy Now The HP Smart Tank 589 AIO WiFi Color Printer is an all-in-one solution perfect for both office and home use. With the ability to print, scan, and copy, this printer offers exceptional convenience and efficiency. It comes with a massive ink supply, capable of printing up to 6,000 black and 6,000 color pages straight out of the box, ensuring you won't run out of ink anytime soon. The WiFi connectivity allows for easy wireless printing from your devices, making it a versatile and reliable addition to your workspace. Special Features: High-Capacity Ink for up to 6,000 black and 6,000 color pages All-in-One Functionality: Print,

Jayatri Dasgupta, Program Director, Digital Naari, PayNearby. It is paramount that the country ensure there are women influencers in small towns and villages to bring awareness, technology, financial access and gender equality to the grassroots. This is necessary to realise true inclusivity, Dasgupta says. Digital financial services provider PayNearby launched a women skilling and livelihood programme, Digital Naari, in February to give the women a self-sustainable earning opportunity. “In line with the government’s Lakhpati Didi programme, we want to enable livelihood for at least 1 million women and upgrade them into ‘Lakhpati Didis’ in the next 5 years by making them the preferred banking and digital point in their areas,” Dasgupta says.

Hindenburg Research on Sunday responded to Sebi chief Madhabi Puri Buch's statement from the weekend that accused the short-seller of attempting a "character assassination" of the Buchs. In a post on its X account, the short-seller said that the markets regulator boss' response «raises numerous new critical questions,» and «includes several important admissions.» The Buchs had, on Sunday, addressed the allegations made by Hindenburg Research, dismissing them as “baseless,” Sebi chief Madhabi and her husband Dhaval said the US-based short-seller is resorting to character assassination in response to a show-cause notice issued by the regulator in connection with Hindenburg's earlier report on Adani.

The Investment Adviser (IA) Regulations, 2013, has been around for 11-plus years now, but has been able to attract just about 960 advisors!

SpiceJet has delayed the June salaries further to a section of its employees, citing «pressing operational financial commitments». In an email to pilots sent on Thursday, Virendra Malhotra, vice president of flight operations at SpiceJet said the salaries, which have been «delayed...this month (June) beyond expectations» would be disbursed «shortly». ET has seen a copy of the letter.

World Leaders Forum (WLF) on August 31 in New Delhi. ET is bringing together the world's brightest minds at a time when India is emerging as a beacon of hope in the global economy, establishing itself as a growing superpower on the international stage amid global conflicts, economic stagnation and shifting power dynamics. Top consultants, including Rich Lesser, chairman of BCG, and Mohamed Kande, chairman of PwC, will provide insights into the global economy and corporate trends, exploring how India can strategically position itself to succeed in this evolving landscape.