Provident Financial News

Master of Science in Data Science (MSc DS) and Master of Computer Applications (MCA). These degree programmes are UGC Entitled and will include online classes by the esteemed VIT faculty, along with pre-recorded sessions. VIT offers these online degree programmes to empower learners with the latest knowledge and skills without interrupting their ongoing careers.

Income Tax Department has released common Frequently Asked Questions (FAQs) faced by taxpayers during filing their returns for AY 2024-25. Here some of the important FAQs as per the tax department’s website.

charges of leaving Canada to participate in a terrorist group as well as participation in the activities of a terrorist group.She appeared in court in Vancouver on Saturday morning and was scheduled to return on Aug. 2.The resident of Squamish, B.C.

Mutual Funds in India (AMFI), in its Union Budget proposals, has sought that capital gains on redemption of units of debt-oriented mutual funds held for more than three years should be taxed at the rate of 10% without indexation, as applicable in the case of debentures. The mutual fund industry body also has proposed the introduction of a debt-linked savings scheme (DLSS) providing tax benefits similar to the current ELSS scheme. AMFI has proposed that the definition of equity-oriented funds be revised and include fund of funds (FoFs) that invest at least 90% of their corpus in units of equity-oriented funds. This move will ensure parity in tax treatment for FoFs investing in equities.

ASM Technologies during the June quarter. Agrawal didn't have any holding in the company in the preceding March quarter. According to the latest shareholding pattern available with the exchanges, ASM Tech is majority owned by promoters with 47.36% stake while the public shareholders have about 42.64%. Among the public shareholders, mutual funds and foreign portfolio investors have no significant holding in the company.

budget could unveil a scheme aimed at bridging the credit gap and other financing issues for the micro, small and medium enterprises (MSME) sector, said people familiar with deliberations. While the contours of the scheme are yet to be finalised, it may involve an outlay upwards of ₹10,000 crore, they said. Interventions being examined included interest subvention for working capital, credit guarantees, refinance and some form of support towards equity, they said, adding that a special window for women entrepreneurs was also being considered. A final decision will be taken closer to the budget, which is to be presented on July 23.

OxyContin maker Purdue Pharma, the family that owns it and lawyers for thousands of parties with claims against it are getting ready to work on a new settlement after the U.S. Supreme Court rejected the last one

Wealth Enhancement Group has strengthened its presence in the Northeast with its acquisition of a specialized wealth management practice in Massachusetts.

SpacePay has introduced improved crypto solutions that make using digital currencies for everyday transactions easy.

Raymond Ltd has approved the demerger of its real estate business into Raymond Realty Ltd following the recent composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, paving way for a more focused and streamlined corporate structure. As per the demerger terms, shareholders of Raymond Ltd will receive one equity share of Raymond Realty for every share of Raymond. The demerged entity will be listed on the Bombay Stock Exchange and National Stock Exchange separately, the company said in a regulatory filing.

Bitcoin (BTC) began the week on a high note, soaring above $63,335 and hitting an intraday peak of $63,697. This bullish momentum, reflected in the overall crypto market’s significant gains, is attributed to multiple factors.

Plastic industry is one of the leading contributors to the economy and provides a lot of employment opportunities, Chemicals & Petrochemicals Secretary Nivedita Shukla Verma said on Thursday. She inaugurated a four-day Global Conclave on Plastic Recycling and Sustainability (GCPRS) organised by industry bodies All India Plastics Manufacturers' Association (AIPMA) and the Chemicals and Petrochemicals Manufacturers' Association (CPMA) at Pragati Maidan in the national capital. The event focuses on the rising use of plastic, its impact on the environment and also on the steps needed for solutions. According to an official statement, Verma in her address commended the efforts of the AIPMA and the CPMA for organising a conclave on a topic of paramount relevance, at a time when only ten per cent of the total plastic waste generated globally was recycled.

Ryanair flight was diverted just 36 minutes into its journey after a mass brawl erupted between passengers. The chaos unfolded on an evening flight from Agadir to London Stansted, forcing the plane to make an emergency landing in Marrakesh, reported The Sun. Shocking footage shows passengers screaming at each other while airline staff frantically tried to calm the situation at 30,000 feet. The commotion started during boarding when a man in his late 20s asked another passenger to move so he could sit with his wife and children. The woman, seated with her daughter, refused to budge, prompting the man to start threatening her. The flight took off without further incident, but as soon as the seat belt signs were turned off, the woman's husband, in his 30s, jumped to her defense. Punches were thrown between the two men, and other passengers from a larger group began to join in.

ESAF Small Finance Bank on Monday absorbed about 5,200 employees from ESAF Swasraya Multi-State Agro Co-operative Society Ltd (ESMACO), a corporate business correspondent of the bank, as part of a strategic business restructuring. The bank will now directly manage the microloan portfolio that was previously managed by ESMACO through banking outlets. This move aims to mitigate concentration risks while allowing ESMACO, a promoter group entity of the bank, to continue managing business operations at the Customer Service Centers. The micro banking vertical, created with a 5,197-strong workforce, will primarily serve the needs of the rural population through micro-loans, agriculture loans, vehicle loans, and home loans, ESAF Small Finance Bank Managing Director K Paul Thomas said. The bank is also designing liability products to suit the needs of low and middle-income savers, he added.

Following an intensive manhunt Wednesday, police in the U.K. located a suspect believed to have killed three women with a crossbow in a home north of London.

MUMBAI : Brokerages are fielding increasing demand from clients for a margin trading facility to invest in stocks, possibly triggered by the market regulator’s recent spate of regulatory tweaks aimed at tempering the retail investor frenzy in the futures and options segment. Margin trading facility, or MTF, is considered safer, offers higher leverage, and includes a broader range of stocks.

State Bank of India on Wednesday raised Rs 10,000 crore through the issuance of infrastructure bonds, while two other public sector lenders – Canara Bank and Bank of India – are likely to tap the debt market next week to raise a total of up to Rs 15,000 crore through the same instrument. SBI raised the funds through 15-year infrastructure bonds at a coupon rate of 7.36%, identical to the rate that was set at another infrastructure bond issuance on June 26, also for Rs 10,000 crore, the bank informed exchanges.

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Mercedes-Benz India MD & CEO Santosh Iyer told the Times of India, «We need to see whether it makes sense… Investments can be done only if the tax advantage of 5% GST on EVs will continue for the next ten years… that gives us confidence.» Iyer added, «This will prompt us to do a business case to start with. Today, there is no business case.»

Joe Biden on Tuesday announced a historic donation of air-defence equipment for Ukraine and said Russia is failing in this war. Welcoming leaders of NATO member countries for the historic summit on the occasion of its 75th anniversary, Biden said the United States, Germany, the Netherlands, Romania and Italy will provide Ukraine with the equipment for five additional strategic air-defence systems. In the coming months, the US and its partners intend to provide Ukraine with dozens of additional tactical air-defence systems, he said, adding that the US will make sure that when «we export critical air-defence interceptors, Ukraine goes to the front of the line». «They will get this assistance before anyone else gets it. All told, Ukraine will receive hundreds of additional interceptors over the next year, helping protect Ukrainian cities against Russian missile and Ukrainian troops facing air attacks on their front lines,» Biden said.