Provident Financial News

ONDC) is set to integrate banks such as HDFC Bank, IDFC First Bank and Karnataka Bank, alongside fintech firms like Fibe, in the coming months, said people familiar with the matter. Through this integration, participating banks will offer unsecured personal loans and goods and services tax-based invoice loans, targeting small merchants and retailers in financially underserved regions across the country, they said.

income tax return (ITR) within 30 days of filing it, or all the time and resources you invested in filing it will be wasted. Verification of the ITR is the last step of the tax return filing process and is a mandatory requirement for processing of the filed ITR. The filed ITR will not even be considered for processing by the tax department unless you verify it using the prescribed methods. «If you do not verify in time, your return is treated as not filed and it will attract all the consequences of not filing ITR under the Income Tax Act, 1961,» said the tax department on its website. Needless to say, if your filed ITR is not processed, you will not get income tax refund (if any) and it will be assumed that you have not filed your ITR. The deadline to file ITR for those not liable for an income tax audit is July 31, 2024, for FY 2023-24 (AY 2024-25).

Austin, TX – July 5, 2024 – Dubbz, a pioneer in gaming and SocialFi, has successfully transitioned its $DUBBZ token and blockchain ecosystem from Ethereum to Base, Coinbase’s cutting-edge layer-2 solution.

EP Wealth Advisors has expanded its presence in Texas as it picks up a $700 million planning RIA firm.

Maruti Suzuki, Apollo Tyres, Godrej & Boyce and Saint-Gobain are going the whole hog in adopting artificial intelligence (AI) in their day-to-day operations. AI has not only helped these companies reduce costs but also increase efficiencies and reduce workplace incidents.

waterlogging across Moradabad city, leading to dangerous water levels and forcing evacuations in severely affected areas like Bholenath Colony. Boats provided by the administration are the only means of rescue for the residents. The biggest dangers are the insects, snakes, and scorpions. On Sunday morning, Aarti, a resident of Bholenath Colony described how her family is unable to go out because of the flooding and is living in constant fear of insects. «We are living here with the constant fear of water entering our house. There are insects everywhere inside. We can only go out with the help of the boat, and there have been no rescue operations yet,» she said.

Bajaj Finserv Mutual Fund has announced the launch of Bajaj Finserv Savings+ facility. This facility will be an innovative product aimed at helping retail investors with a smarter way to manage their idle money in their savings account. The facility allows investors to identify surplus cash in their savings accounts and invest the same in Bajaj Finserv Liquid Fund and Bajaj Finserv Overnight Fund, offering competitive returns and the convenience of liquidity. In comparison to traditional savings accounts, liquid funds have delivered an impressive 7.17% return between July 1, 2023, and June 30, 2024. This return is higher than the average savings account interest rate. Through this facility, investors can also enjoy T+1 day liquidity (with an option of instant redemption of Rs 50,000 or 90% of invested value whichever is lower, within minutes).

Stocks that are trading heavily or have substantial price changes on Monday: Chewy, Blackrock fall; Spirit AeroSystems, Amedisys rise

New York on Wednesday launched a dedicated platform for Indian students to find internship opportunities at companies in the United States. The consulate on a social media platform X said, «As part of the initiative to support Indian students in its jurisdiction, India in New York has developed a platform for Indian Students to find internship opportunities at companies in the USA.» «Several Indian and American companies and organizations have agreed to consider deserving Indian students for internship opportunities,» it added.

Galaxy Z Fold 6 and Z Flip 6 are powered by the custom Snapdragon 8 Gen 3 Mobile Platform, designed specifically for Samsung. This chipset, combined with 12GB of RAM, promises superior performance and efficiency.

Ethereum co-founder Vitalik Buterin described prediction markets and Community Notes as the “flagship social epistemic technologies of the 2020s” on July 2. He highlighted their truth-seeking and democratic nature, built around open public participation rather than elite selection.

Vedanta Ltd is likely to hit the market in the next couple of weeks to raise money through a qualified institutional placement (QIP) route, sources aware of the development said. The move aims to reduce debt and fulfil certain capital expenditure obligations. Earlier in May, the board of the natural resources major had approved fund raising of up to ₹8,500 crore, which then got shareholder approval in June. The company could, however, raise a lower amount of around ₹6,000 crore, the people said. A final decision on the quantum of the share issue has yet to be taken.

Indian tourists and Non-Resident Indians (NRIs) visiting the UAE, providing them with a seamless and secure method to make transactions using UPI, as announced by NPCI International. Network International is a leading facilitator of digital commerce across the Middle East and Africa (MEA) region. The company operates a network of over 200,000 point-of-sale (POS) terminals, which serve more than 60,000 merchants in diverse sectors such as retail, hospitality, transport, and supermarkets. This wide-ranging network will now support UPI payments, offering Indian visitors a familiar and convenient payment method while abroad. The rollout of UPI acceptance will be progressive, eventually covering a broad spectrum of establishments. These will include retail stores, dining outlets, and various tourist and leisure attractions, notably popular destinations like Dubai Mall and Mall of the Emirates. This phased implementation aims to ensure a smooth transition and widespread availability of UPI payment options across the UAE.

fair value of a stock, many believe that price history should be given the highest importance. This view operates on the premise that whatever you know is already known to the market and has been factored into the price. However, it would be incorrect to assume that the price correctly reflects every development in a company.

Form 16A is a TDS Certificate that shows all TDS amounts submitted to the Income Tax Department. When non-salary payments like TDS professional fees, rent, and bank interest are made, the deductor provides a «TDS Certificate» to the IT Department. Form 16 A downloaded from TRACES are considered as valid TDS certificates.

private equity and venture capital world is in the crosshairs of the goods and services tax (GST) office. About a dozen such alternative investment funds (AIFs) have recently received notices, with the revenue department questioning why their schemes, housing the fund pools, are not registered under GST. These funds raise huge money every year and bankroll thousands of startups and listed companies.

Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased by 19% in FY24. This was nearly the same as the 20% compound annual growth rate (CAGR) recorded during FY21-23, but a significant improvement from the -1.6% CAGR during FY19-21 The analysis is based on a common sample of companies for which data has been available for the last six years. The data excludes BFSI (banking, financial services, and insurance) and IT services.

Tata Mutual Fund has launched Tata Nifty India Tourism Index Fund, the nation's first tourism index fund comprising a collection of companies forming part of Nifty 500. The new fund offer or NFO of the scheme is open for subscription and will close on July 19. The scheme will reopen for continuous sale and repurchase on or before July 29. The investment objective of the scheme is to provide returns, before expenses, that commensurate with the performance of Nifty India Tourism Index (TRI), subject to tracking error.

A SpaceX rocket has failed for the first time in nearly a decade, leaving the company's internet satellites in the wrong orbit

Indian Army on Wednesday issued a clarification on the compensation provided to Agniveer Ajay Kumar’s family after Leader of Opposition Rahul Gandhi alleged that Defence Minister Rajnath Singh had lied in the parliament about the emoluments. In a post on social media X. the AGD PI Indian Army tweeted, “*CLARIFICATION ON EMOLUMENTS TO AGNIVEER AJAY KUMAR*

Bhole Baba or Surajpal Singh is a godman who comes with a distinct sartorial style. Born to Jatav parents in Bahadur Nagari village of Kasganj district around the mid-1960s, he eventually amassed a significant following, especially among the SC/ST communities, advocating for their upliftment and social justice. Bhole Baba's transformation into a spiritual leader began in his youth, influenced by his farmer father and deeply religious mother, and culminated in his current persona after a career in the UP Police. However, his journey has been marred by controversies and allegations.