Provident Financial News

Ministry of Ports, Shipping and Waterways (MoPSW) is working on a new shipbuilding scheme, which would incentivise Indian shipyards till 2035 by various measures, a senior government official has said. Ports, Shipping and Waterways Secretary T K Ramachandran further said with the new policy, India will endeavour to be among the top 10 shipbuilding nations by 2030 and the top five by 2047, from 22nd in the world at present. «Yes, this ministry is working on a new shipbuilding scheme, which would incentivise Indian shipyards till 2035 by various measures,» he told PTI. Ramachandran also said global cruise major MSC Cruises, based out of Geneva, has expressed willingness to deploy their ships for domestic itinerary.

₹11,999 (including bank offers). Notably, this is the first phone in Poco's M series to run on Xiaomi's HyperOS and is powered by the Snapdragon 4 Gen 2 AE processor.Poco M6 Plus is listed at a price of ₹13,499 for the 6GB RAM/128GB storage variant and ₹14,999 for the 8GB RAM/128GB storage variant.

Mint in June compared to their performance six months ago, as per the latest Mint macro tacker. Eight of these indicators were above their five-year average trends, whereas three were below it. In comparison to six months ago, only six of these indicators were above their five-year average and four were below it.

ASUS VivoBook 15 The ASUS VivoBook 15 is a sleek, thin, and light laptop featuring a 15.6-inch FHD display will be available for under ₹60,000 during Amazon Sale. It's powered by a 12th Gen Intel Core i7-12700H processor with 16 GB RAM and 512 GB SSD. It comes with integrated Intel Iris Xe Graphics and a backlit Chiclet keyboard.

Both transactions are forecast to be completed by the end of the first quarter of 2025 and will see UBP's assets under management swell by more than CHF 25bn. UBP said the Societe Generale's Swiss private banking branch and UK wealth management arm «have long been recognised throughout the industry», and added it hopes the acquisitions will complement the existing expertise within the firm.  UBP poaches Brown Shipley investment adviser Guy de Picciotto, CEO of UBP, said «We are extremely pleased to onboard skilled and experienced teams, and are looking forward to providing clients ...

Byju Raveendran has filed a caveat before the Supreme Court against its US-based creditor Glas Trust Company LLC over the order passed by the insolvency appellate tribunal NCLAT. The caveat was filed before the apex court on August 3, a day after the National Company Law Appellate Tribunal (NCLAT) passed an order restoring the board of edtech major after setting aside insolvency proceedings against it. Glas Trust has opposed the Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) alleging the money paid by Riju Raveendran (brother of Byju Raveendran) was tainted and was a case of «round-tripping». Anticipating the US-based creditor would challenge the NCLAT order before the Supreme Court, Byju Raveendran had filed a caveat requesting to be heard before the apex court passes any order on a plea filed by the US-based creditors.

At least 11 firms, including Indus Towers Ltd., have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23. This is a jump from the average of about four transactions per month in 2023, data from primeinfobase.com show.

Unny Radhakrishnan and Bindhu Unny's journey from the brink of bankruptcy to financial stability is a tale of resilience and reinvention. In the late '90s, they were idealistic young professionals driven by a passion for social impact, only to end up being financially broke.

The Russian Senate has approved a draft law on crypto mining, meaning the landmark bill will now pass into law, pending the signature of President Vladimir Putin.

Kerala government has initiated steps to identify the missing people in the landslide that hit the Mundakkai region of Wayanad district and started collecting the blood samples of survivors and relatives for DNA analysis. While the health department has begun collecting blood samples for DNA analysis, the Civil Supplies Department has started collecting the details of ration cards, the Aadhaar number, and linked phone numbers to identify the missing people. The samples, from the blood relatives, are collected for the DNA testing in order to identify the dead bodies and body parts which are yet to be identified.

Tyrese Gibson, a longtime star of the Fast & Furious franchise, has given an update on the script for the eleventh installment. Fans are eagerly awaiting the final film in the series, which has become a major success since its debut in 2001.

ecologically sensitive areas (ESA) of six Western Ghats states, the expert panel is planning to go beyond that. ET gathers that several measures, such as favourable loan and insurance regimes, incentivised green building norms and a clear-cut ESA regime, have been envisaged to avoid dual interpretation. The five-member expert panel, set up in July 2022 to discuss the Kasturirangan committee report recommendations with states, is expected to submit its report by September-end.

Netflix has renewed the Colombian series Eva Lasting (La Primera Vez) for a third and final season. The announcement confirms that the romantic coming-of-age period drama will conclude with season 3.

For years, KBC has been a platform where contestants answer questions on various topics such as current events, entertainment, sports, geography, and history to win cash prizes. Lifelines have always been a crucial part of the game, providing much-needed help when contestants are unsure of an answer. However, this season brings a significant twist with the introduction of the 'Super Sawaal' segment.

Himanta Biswa Sarma on Sunday said his government will soon introduce a law for life imprisonment in cases of 'love jihad'. Speaking at the state BJP executive meet here, he said, «We spoke about 'love jihad' during the elections. Soon, we will bring a law, which will award life imprisonment in such cases.» Sarma also said a new domicile policy will be introduced soon, under which only those born in Assam will be eligible for state government jobs. He maintained that indigenous people have received priority in the «one lakh government jobs» provided as per a pre-poll promise, which will be evident when the complete list is published.

Johnson Space Center, a Houston-area church takes a moment during Wednesday Bible studies and Sunday evening services to pray for two members who cannot be there. In fact, there's no way on Earth for NASA astronauts Barry «Butch» Wilmore and Tracy Dyson to show up at Providence Baptist Church. They're in space, orbiting the planet. More specifically, these two members are working on the International Space Station together. Like many astronauts before them, they brought along their faith when they launched into space. «God uses all of us in pretty neat ways, and I think I get the most joy from what I do thinking about it in those terms,» said Dyson, discussing her job on the «Bible Project» podcast ahead of her March launch on a Russian Soyuz spacecraft.

New Delhi: The Centre is planning a nationwide crackdown on poor-quality driving helmets, a leading cause of road deaths and head injuries, two people aware of the development said. India has the highest number of two wheelers in the world, and some the most dangerous roads, making for a dangerous mix for cyclists, and scooter and motorcycle drivers as well as pillion riders.

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Gujarat government has decided to extend the ban on fishing activities in the Arabian Sea by a fortnight till August 15, a move the Congress claimed to be «unfair and reckless» which will cause financial losses to fishermen. A senior official from the Gujarat fisheries department on Sunday said the decision was taken in consultation with the central government after considering a representation made by the fishermen's association to allow more time for fish to breed. The government also took into account scientific data and weather conditions to reach the decision, he said, adding the change is also likely to be adopted by other states on the western coast. Since 2021, the annual fishing ban in the state remained in effect from June 1 till July 31.

debt-ridden Reliance Capital (RCAP) has filed an affidavit with NCLT, accusing IIHL of non-compliance as the Hinduja Group firm failed to meet the conditions set by the tribunal in a July 23 order. The administrator, in its affidavit seen by PTI, informed NCLT that instead of depositing Rs 2,750 crore in the designated escrow accounts of the Committee of Creditors (CoC) in India and abroad, IndusInd International Holdings Ltd (IIHL) has deposited the money in its own accounts as well as the promoters' accounts. However, IIHL in a separate affidavit had said it has funds and the same will be transferred once the escrow account is in place which has conditions listed out. For opening any escrow account, there are terms and conditions which are based on an agreement signed bilaterally and if the terms and conditions are met or not met, the trustee decides the fate of funds accordingly, an IIHL spokesperson said.