Provident Financial News

Haryana is governed by AAP's INDIA bloc ally, Congress."I have written to Prime Minister Narendra Modi over the water crisis requesting him to resolve the issue. If the crisis is not solved within two days, I will go on an indefinite strike from 21 June," she said.At the press conference, Atishi said, "Yesterday, Haryana released 513 MGD of water to Delhi against 613 MGD.

Experts praise Toncoin (TON) as one of the most profitable options in the current crypto space. On the other hand, traders have spotted an immense future potential in Rebel Satoshi’s RECQ , as this powerful token provides higher rewards than other presale memecoins.

California Gov. Gavin Newsom has said he wants to restrict students' usage of smartphones during the school day

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₹132 crore offering, which launched today, has two more days to navigate its way towards huge subscription numbers. The NBFC is registered with the RBI as a non-systemically important non-deposit taking organisation and has over 20 years of lending experience in India's rural and semi-urban areas.

₹336 crore, the private lender announced on Wednesday.The bank's board of directors approved the acquisition of Max Life shares, increasing the total holding of Axis entities in the insurance firm from 19.02% to 19.99 per cent.“In this regard, we would now like to inform you that the Acquisitions, Divestments and Merger Committee of the Board of Directors of the Bank at its meeting held on June 19, 2024, has approved a proposal for acquisition of additional equity shares of Max Life by the Bank for an amount of upto ₹336 crore, thereby increasing the aggregate shareholding of the Axis Entities from 19.02% to 19.99%," the company said in the exchange filing.This strategic move comes after Axis Bank received regulatory approval in August 2023 to inject ₹1,612 crore into Max Life Insurance by subscribing to shares on a preferential basis, initially increasing Axis entities' stake to 19.02%.In 2021, Axis Bank announced its deal to acquire a stake in Max Life Insurance Co, a subsidiary of Max Financial Services.The Axis entities include Axis Bank, investment solutions provider Axis Securities, and financial services provider Axis Capital.Following the announcement, shares of Axis Bank, India's fifth largest by market capitalization, rose by as much as 2.2 per cent, making it one of the top gainers on the Nifty 50 index.In April, Axis entities had increased their stake in Max Life from 12.99 per cent to 19.02 per cent, initially acquiring a stake in the company in 2020.Max Financial Services, the holding company of Max Life Insurance, engages in investment business and provides management advisory services.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

Also Read: Indian banks well placed with strong balance sheets, cheap valuations, says CLSAWhile operating profit growth in FY25 is expected to be superior for PSU banks compared to private banks, the brokerage sees more valuation comfort in private bank multiples versus those of PSU peers. Large-cap private banks like Kotak and HDFC Bank and mid-cap banks like IndusInd Bank are trading at valuation discounts to historical trends due to near-term idiosyncratic concerns.

NEW DELHI:Aditya Birla Group’s fashion and lifestyle venture TMRW has invested ₹125 crore for a 16% stake in Universal Sportsbiz Pvt. Ltd (USPL), the Accel and Virat Kohli-backed parent of clothing brand Wrogn.The minority investment comes with “an option for a path to majority stake acquisition" later, Aditya Birla Fashion and Retail Ltd said in an exchange filing on Wednesday.

fintech solutions, the financial services sector caters to the evolving needs of a dynamic economy.Like in any other sector, innovation lies at the heart of the financial services sector's growth trajectory. Technological advancements, coupled with changing consumer preferences, have spurred a wave of innovation, transforming traditional financial services delivery models.Fintech companies, in particular, have emerged as disruptors, offering innovative solutions such as digital payments, robo-advisory services, and peer-to-peer lending platforms.

NPS vs PPF vs EPF: Selecting the right investment vehicle is essential when planning for retirement. In India, three popular options with distinct advantages and features are the Public Provident Fund (PPF), National Pension System (NPS), and Employees' Provident Fund (EPF). However, there is no one-size-fits-all strategy. Choosing between the NPS, PPF, and EPF depends on the individual's financial goals and risk tolerance. Financial experts recommend starting retirement investments at a young age—the earlier, the better—to experience the power of compounding.

Form 16 holds significant importance for employed individuals in India during the income tax filing process. It includes comprehensive information such as salary details, claimed deductions, and the tax deducted at source (TDS) by the employer throughout the fiscal year. This data automatically populates most sections of your tax return, streamlining the filing process by eliminating the need for manual data entry.

₹418 crore initial public offering (IPO) of DEE Development Engineers opened for subscription on Wednesday, June 19, and will remain open until Friday, June 21. The issue includes a fresh sale of 1.6 crore equity shares, valued at up to ₹325 crore, and an offer for sale of 0.46 crore shares, aggregating to ₹93.01 crore.The DEE Development Engineers IPO price band is set at ₹193 to ₹203 per share.

BENGALURU : Sometime early last year, agritech startup Reshamandi was riding the funding boom, churning revenues, and eyeing net profitability and expansion. Today, the Bengaluru-based firm finds itself ensnared in a financial crisis, with frozen bank accounts, delayed debt repayments, and mounting legal challenges threatening its survival. The company, a business-to-business marketplace for silk products, has been struggling with delayed debt repayments amid difficulty in raising funding since the middle of last year, characteristic of the struggles in the wider agritech sector.

If you are reading this article, it’s likely you had at least one great tutor at some stage in your education. Not everyone has the fortune of having access to personalized instruction, guidance and support. Educational psychologist Benjamin Bloom found that students receiving one-on-one tutoring perform two standard deviations better than those in traditional classroom settings, equivalent to improving from the 50th to the 98th percentile.

A new law strengthening protections for pregnant workers has been a lifeline to many low-wage women seeking accommodations from employers who might otherwise have forced them into unpaid leave

climate change fast enough, according to a fresh study that looked at more than 23,000 firms worldwide. Just 2% of companies that have committed to a 1.5C-aligned plan provide the full range of information needed to ensure their emissions-cutting plans can work, according to CDP, the global nonprofit focused on increasing environmental disclosures. What’s more, the figure falls to less than 1% when all companies reporting environmental data are considered. The number of companies that actually reported a 1.5C plan increased by 44% to roughly one in four. While that’s “encouraging, action on credible climate-transition planning isn’t moving fast enough,” according to the report.

The net proceeds from the fresh issue will be used towards funding working capital requirements, debt repayment, and other general corporate purposes.

Mint has reviewed the top five balanced advantage funds—from HDFC Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, Edelweiss Mutual Fund, and Axis Mutual Fund. Our review focuses on how these funds have performed over the past three years, their risk-management strategies, net equity levels, and their unique models. With assets under management (AUM) of ₹84,676 crore, HDFC BAF is one of the largest funds in its category.

divorce rates in the world, currently estimated at around 1.1%, India has seen a steady increase in divorce cases in recent years. This trend is attributed to the growing complexities of modern life, as noted in a report by the United Nations.Divorce is a challenging journey, especially when children are involved.

Reasons to buyReasons to avoidThe JBL Live 225TWS earbuds offer customizable sound through the My JBL Headphones app, allowing you to personalize your listening experience. With dual connect technology, you can use either earbud independently, and the sleek design ensures a comfortable and secure fit.

National Highways Authority of India (NHAI) plans to offer 15 road projects worth Rs 44,000 crore, covering 900 km, for bids under the build-operate-transfer (BOT) mode in FY25. If successful, this could mark the comeback of public-private-partnership projects in highways. The government earlier this year amended the model concession agreement to make it attractive for the private sector to invest in road construction. The 15 projects for this fiscal year are a part of the government’s plan to offer 53 projects worth over `. 2.2 lakh crore, covering route length of 5,200 km, under BOT mode over the next three to five years. Capitalising on Interest: