Provident Financial News

Ashwini Vaishnaw today took a bike ride to reach the Kanchenjunga Express train accident site in the Darjeeling district. At least 15 people lost their lives and around 60 others were injured when a goods train collided with the Sealdah-bound Kanchanjunga Express near Rangapani station in West Bengal on Monday. The collision caused three rear compartments of the express train to derail, railway officials stated. Rescue operations are in progress at the site, located about 30 km from North Bengal's New Jalpaiguri station, with the injured being transported to nearby hospitals. A senior police officer informed PTI, «At least 15 people have died in the accident till now and 60 suffered injuries.» Railway Minister Ashwini Vaishnaw earlier commented on X, «Unfortunate accident in NFR zone. Rescue operations going on at war footing. Railways, NDRF and SDRF are working in close coordination. Injured are being shifted to the hospital. Senior officials have reached site.»

“My Phone" search icon within the Windows Share interface. This new functionality enables users to effortlessly transfer content from their Windows PC directly to their Android devices.

ICRA Limited , believes that the market shares of the top 5 cement companies should climb to 55% by March 2025.The market share of the top five cement companies—Ultratech Cement, Adani Group companies ( Ambuja Cement and ACC , Shree Cement, Dalmia Cement, and Nuvoco Vistas has increased significantly, from 45% in 2015 to 54% in December 2023.Also Read- FPI ease selling streak in June as outflows decline to ₹3,064 crore in Indian equities; When will inflows resume?ICRA expects this trend to continue, with both organic growth and inorganic expansion driving industry consolidation. In the last nine years, there have been 15 mergers and acquisitions, highlighted ICRA Research.

Akasa Air, India’s youngest airline, is on an expansion spree. The airline has commenced operations to Riyadh, the capital of the Kingdom of Saudi Arabia. Now, Akasa will operate daily flight operations between Mumbai and Ridyadh, the airline said in a statement. As per the company, the inaugural flight on June 15, 2024 departed from Chhatrapati Shivaji Maharaj International Airport in Mumbai. 

NRIs can adopt Indian children only after the children have been rejected for domestic adoption three times. Here’s a step-by-step guide to the adoption process for NRIs, OCI cardholders, and foreign prospective adoptive parents.

Dabur shares have been Emkay Global’s preferred consumption pick given its relatively higher share of rural, diversified portfolios and its sustained thrust on NPDs. The brokerage firm has raised Dabur share price target to ₹700 per share from ₹660 earlier, and has a ‘Buy’ rating on the stock.Also Read: EXPLAINED! Why is Delta Corp share price skyrocketing before Budget 2024?“Dabur remains one of our preferred picks in the sector, given its diversified portfolio and better execution.

₹2,644."MTAR Technologies is a precision machining company with exposure across niche sectors like fuel cells (for Bloom Energy), nuclear, defence, and space. Rising power costs in the US due to grid problems, coupled with the rising cost competitiveness of Bloom Energy, will result in significant tailwinds for MTAR. We value the stock at 45x FY26F EPS to reach our target price of ₹2,644.

Father’s Day 2024: Fatherhood is one of the fulfilling experiences for a man as it helps him evolve as a person and develop a sense of responsibility. This is the time when a father start prioritizing the needs of another being over his own. Fatherhood is also a time when a man starts becoming a lot more financially responsible.

Michelin has announced the launch of its most fuel-efficient truck and bus tyre, the Michelin X Multi Energy Z+, for the Indian market. This latest line of made-in-India tyres is engineered for Indian road and load conditions and also takes into account the growing demand for fuel-efficient tyres by Indian fleet owners.

Modi 3.0 Budget 2024: Finance Minister Nirmala Sitharaman will present the first budget of Modi 3.0 government in the second half of July. Industries, farmers and other stakeholders across sectors are eagerly anticipating potential booster announcements from the Narendra Modi government in the upcoming budget. Among these hopeful groups are taxpayers also, who are particularly expecting relief from the Finance Minister in form of tax sops. The middle-class, in particular, has not seen significant tax reductions in the last two budgets.

Samsung’s next major Unpacked event is all but confirmed for July 10. At the event, which will tentatively be hosted in Paris, Samsung is widely expected to take the wraps off the Galaxy Z Fold 6, Galaxy Z Flip 6, few smartwatches and earphones possibly, while also announcing the full details of its maiden Galaxy Ring. 

It is Father’s Day. As your children shower you with handmade cards and thoughtful gifts bought from their meticulously saved pocket money, one is forced to reflect… ‘Am I becoming the superhero father they deserve?’

Income tax return (ITR) filing deadline is approaching, with 31st July as the last date. Already in June 3rd week, most salaried taxpayers may have received Form 16 from their employers and those who have not received can expect it before the end of this month.

The weather department had issued a red alert for Sunday, an orange alert for Monday, and a yellow alert for Tuesday and Wednesday. On Sunday, the maximum temperature at Safdarjung, Delhi's base station, reached 44.9 degrees Celsius, six degrees above normal. This was slightly higher than Saturday's maximum of 44.6 degrees Celsius. The minimum temperature recorded was 33.2 degrees Celsius, also six degrees above normal, marking it as the second warmest June day in the last six years.

Amarnath Yatra, the quick reaction teams (QRTs) and special operations group (SoG) of the police on Monday conducted a comprehensive mock drill at the base camp of the pilgrimage in Jammu. This comes close on the heels of Union Home Minister Amit Shah reviewing the security situation and the preparations for the annual pilgrimage. The 52-day pilgrimage to the 3,880-metre-high cave shrine in south Kashmir will start on June 29 and conclude on August 19.

markets evolve, so do the strategies needed to navigate them successfully. The effective methods for staying ahead of market trends, drawing on insights from experienced investors and industry leaders are explored.

South Korean scientists are developing a novel rice variety infused with protein cells, aiming to provide a more ethical source of protein. Named "meaty rice," this innovative type of rice has a slight buttery aroma, resembles regular rice but with a pink hue. The scientists have confirmed that no animals were harmed in the process, as the rice is embedded with beef muscle and fat cell culture.

Upcoming IPOs this week: Three mainboard initial public offerings (IPOs) — DEE Development Engineers IPO, Stanley Lifestyles IPO, and Akme Fintrade India IPO — will hit the Indian primary market this week. Out of these three upcoming IPOs, DEE Development Engineers IPO will be the first to hit the Indian primary market this week. DEE Development Engineers IPO will open on 19th June 2024, Stanley Lifestyles IPO subscription will open on 21st June 2024, and bidding for Akme Fintrade India IPO will begin on 19th June 2024.

Edited excerpts: Though the market is a bit volatile at this point, those who adopt a long-term perspective are likely to see good returns and achieve significant wealth creation for themselves and their families. Additionally, after analyzing the last eight elections since 1991, I have observed an interesting pattern: there's often a feverish speculation among investors about the election outcome. However, in the long term, the market stabilizes based on the financial performance of companies, macroeconomic factors, and turning points of sectors.

Also Read: Union Budget 2024: Finance Minister Nirmala Sitharaman to break Morarji Desai's THIS recordThe Indian economy is projected to grow 7.2 per cent in FY25 on the back of improving rural demand and moderating inflation, according to recent estimates by the Reserve Bank of India (RBI). The Modi 3.0 government inherits a strong economy with fiscal prudence in place with a special advantage as the RBI had announced the highest-ever dividend of ₹2.11 lakh crore for FY24.The key policy priorities for the third term of Prime Minister Narendra Modi-led government would include dealing with food inflation, unemployment, stress in the agriculture sector, job creation, sustaining capex momentum and pushing revenue growth to stay on the fiscal consolidation path.Rating agency S&P has maintained a positive stance on the economic policies followed by the Modi regime in the past 10 years.