Provident Financial News

demat accounts.The initiation of the refund process will commence on Tuesday, June 25 for individuals not given shares. Those allotted will receive their shares in their demat accounts on the same day itself.Falcon Technoprojects IPO listing date is scheduled for Wednesday, June 26.If you have applied for the Falcon Technoprojects IPO, you can do a Falcon Technoprojects IPO allotment status check online on the website of the IPO registrar, Kfin Technologies Ltd today.Here's Falcon Technoprojects IPO allotment link - https://ris.kfintech.com/ipostatus/Five links will appear when you click the previously stated link, allowing you to view the status.Open one of the five provided URLs, then select Falcon Technoprojects IPO from the drop-down box in the "Select IPO" section.Choose the PAN, the Demat Account, or the Application No.

Quant Mutual Fund has lakhs of investors worried about the fate of their investments. While raiding Quant's Mumbai headquarter and the Hyderabad premises of suspected beneficiaries, Sebi has seized mobile phones, computers and other digital devices to find out who was leaking confidential information from the asset management company to make illicit profit. The hand of either a dealer from a Quant entity or a broking firm through which the AMC places order is being suspected in the case, ET reported.

instant personal loan, it's advisable to check your credit score and take steps to improve it if necessary.Lenders consider your income stability when evaluating your eligibility for instant personal loans. A steady source of income assures lenders of your ability to repay the loan on time. Individuals with stable employment or consistent income from other sources are more likely to qualify for instant personal loans.

Quant Mutual Fund got its MF license from the markets regulator in 2017 and is the fastest-growing mutual fund in the country with over ₹90,000 crore of assets under management (AUM).Issuing a clarification, the company said it is “fully committed to co-operate with the regulator" and "will provide all necessary support and continue to furnish data to SEBI on a regular and as-needed basis".Front-running is an illegal practice where fund managers or, dealers or brokers, who are aware of upcoming large trades, place their own orders beforehand to profit from the anticipated price movement when the large trade is executed.Amid this, we take a look at all you need to know about Quant Mutual Fund. According to the official website, the financial services business emerged "in the midst" of the 2008 global financial crisis.

Jaishankar held «productive and deep» conversations with his United Arab Emirates counterpart Abdullah bin Zayed Al Nahyan on India and UAE's «ever-growing» comprehensive strategic ties and discussed regional and global issues. Jaishankar, who was in the UAE on Sunday, visited the iconic BAPS Hindu Mandir in Abu Dhabi and participated in the 10th International Yoga Day celebrations before meeting Al Nahyan. «Very pleased to meet UAE FM @ABZayed today in Abu Dhabi,» he said in a post on X after meeting his UAE counterpart. «Productive and deep conversations on our ever-growing Comprehensive Strategic Partnership. Appreciated the discussion and his insights on regional and global issues,» he said.

Groww has come under heavy criticism on social media after a user alleged that investment made via the app did not actually happen and that details of the folio were wiped out when the question was raised with the company.Taking to social media, a user accused the company of fraud, alleging that when his sister first invested the money, the app generated a folio and displayed the current amount of growth. However, the issue was discovered when the user tried to redeem the investment.Allegedly, the mutual fund in which the investment was made said that the folio number did not exist.

Texas. Dasari Gopikrishna, who hailed from Bapatla district in Andhra Pradesh, came to the US only eight months ago. The incident occurred at a gas station convenience store in Pleasant Grove, Dallas on June 21. Consul General D C Manjunath, who was in Dallas for a Yoga Day event on Sunday, confirmed to PTI that the incident was unrelated to a shooting in Arkansas as previously reported by various sources.

OBC category, Haryana Chief Minister Nayab Singh Saini Sunday announced an increase in annual income limit for creamy layer from Rs 6 lakh to Rs 8 lakh. Saini was addressing a gathering at 'OBC Morcha Sarv Samaj Samrasta Sammelan' held in Gurugram. The move comes months before Haryana Assembly polls likely to be held in October. «With the key aim of ensuring the welfare of the OBC community in Haryana and providing substantial benefits to the youth in government jobs, Haryana Chief Minister Nayab Singh today made a series of pivotal announcements,» an official statement said.

Sebi conducted search and seizure operations in a suspected case of front-running, Quant Mutual Fund said it is cooperating with the regulator and remains committed to delivering superior risk-adjusted returns. «Recently, quant Mutual Fund has received inquiries from SEBI, and we want to address any concerns you may have regarding this matter. We want to assure you that Quant Mutual Fund is a regulated entity, and we are always fully committed to cooperate with the regulator throughout any review. We will provide all necessary support and continue to furnish data to SEBI on a regular and as-needed basis,» Quant said in a note to clients. While reiterating that its primary goal of delivering superior risk-adjusted returns to investors remains unchanged, the AMC said, «We appreciate the confidence, faith, and strength of 80 lacs plus folios and 93,000 AUM and we believe that the same support will continue as quant’s research capabilities and analytical tools will keep our investors ahead in the curve and we remain committed to delivering superior risk-adjusted returns in the future too.»

₹19,999 in India. However, OnePlus is expected to provide some launch offers to reduce the price even further.Notably, this is the same price at which the Nord CE 4 Lite was introduced last year.Reports suggest that the Nord CE 4 Lite could be a rebranded version of the Oppo K12x.

Buy or sell stocks for today: Following weak global market cues, the Indian stock market ended lower on Friday last week. Among the frontline indices, the Nifty 50 index dropped 65 points and closed at 23,501, while the BSE Sensex lost 269 points and closed at 77,209.

Mutual funds bet big on manufacturing: Is it time to invest? For example, through this route, a trader or investor can sell stocks and buy liquid ETF units simultaneously on the same day. On a T+1 basis, stocks are debited from the demat account, and on T+1, liquid ETF units are credited, allowing the investor to start earning returns immediately. Dividend-based liquid ETFs maintain a fixed NAV of ₹1,000, offering more predictability.

joint exercise between the Air Forces of the two nations being held from June 21-26. India's Ambassador to Egypt, Ajit Gupte, visited Berighat Air Base to interact with the Indian Air Force (IAF) contingent. In a post on X, Indian Embassy in Egypt stated, "India-Egypt defence cooperation continue to strengthen, with 4th joint exercises b/w IAF and EAF being held in Egypt from 21 to 26 June 2024. Amb @AjitVGupte visited Berighat Air Base to interact with IAF contingent. C 17, IL-78 and Rafales are participating in HOPEX with EAF."

Modes of holding mutual funds The mode of holding is crucial for accessibility, management and transfer of mutual funds. The primary modes are single, joint, and either or survivor, each with its specific use case and operational nuances. Single holding Single holding means that the mutual fund investment is owned by one individual. This mode offers simplicity and full control to the investor, making it suitable for independent investors who want complete autonomy over their investments. Only the investor can access and manage the account.

After five months of providing what was asked of him, he was told that his claim had been rejected on the grounds of ‘serious discrepancies in the event of hospitalisation’. This, after Pal offered counter-proof for the lapses mentioned by the insurer. “I did not have the strength to pursue the case after five months of back and forth with the insurer,” says the 36-year-old. His claim amount was Rs.1.14 lakh. Pal isn’t the only one nursing a grudge against health insurance companies over claim settlements. As per the Council for Insurance Ombudsmen’s annual report 2022-23, of the 51,103 insurance complaints received by it between 1 April 2022 and 31 March 2023, nearly 50.6% or 25,873 complaints were related to health insurance. As high as 93.14% of the total entertainable complaints disposed of were about ‘partial and total repudiation of claims by insurer’.

When income is low, the ability to save is also limited. For savers like Nitin, tax-saving instruments under Section 80C may be the primary way to accumulate savings. However, trying to save about 20% of his income is an ambitious target for a young earner with a family to support. It’s common for young investors with low incomes to find that expenses quickly consume their earnings. Nitin should first evaluate whether he can routinely save 20% of his income each month to determine if this annual saving target is feasible. If, after accounting for lifestyle and other avoidable expenses, mandatory expenses for rent, power, transport, telecom, and similar necessities exceed 80% of his income, his 20% saving target is too high. He should be prepared to pay some taxes until his income and saving ability increase.

Reinsurance and coinsurance are not the supply of a service and, hence, not liable to tax, according to a decision by the Goods and Services Tax (GST) Council on Saturday. This spells a significant breather to insurance companies facing thousands of crores in tax demands. The GST Council also recommended clarifications on taxability of reimbursements of securities or shares as employee stock option plans given by a company to its workers. Officials said exemptions would be conditional and notified later. Coinsurance, in this instance, refers to insurers sharing insurance-bearing liabilities. Reinsurance is the cover an insurer buys to insure itself through the payment of premiums. The industry has contended that GST should only be paid by one company in this chain. However, the Directorate General of Goods and Services Tax Intelligence (DGGI) last year issued notices to about 20 insurance companies raising tax demands of about Rs 12,000 crore for non-payment of GST on coinsurance and reinsurance premiums. Apex grouping General Insurance Council had lobbied the government, seeking clarity. It submitted that the levy of GST on all firms amounted to double taxation.

Car dealerships across North America have faced a major disruption this week

The U.K. general election is nearly two weeks away

California’s workplace regulators passed rules that would protect indoor workers from extreme heat

American Express will acquire the dining reservation and event management platform Tock from Squarespace for $400 million cash