Provident Financial News
29.05 / 11:27
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Multibagger stock: Magellanic Cloud soars 8166% in 5 years, 4078% in 3 years; should you invest?
₹7.44 in May 2019 to currently trade at ₹615. In the last 3 years as well, the stock has performed surprisingly well, rallying 4078 percent from ₹14.72 in May 2021.Meanwhile, in the last 1 year, it has soared 201 percent and it advanced 34 percent in 2024 YTD.This year so far, the scrip has given positive returns in 4 of the 5 months to date.
29.05 / 11:19
UPS
Provident
Personal loan vs overdraft facility: What to choose between the two and how to? MintGenie explains
The choice between an overdraft facility and a personal loan depends on myriad situation-specific factors. An outline of the key factors is provided here.
29.05 / 10:49
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How to invest in mutual funds online for minors
Mint have mentioned how they benefit from investing early for their children. Anyone under the age of 18 (a minor) can invest in mutual funds with the help of a parent or legal guardian. The minor must be the sole account holder, but since a minor is not allowed to make financial decisions on their own, a parent or guardian can act as the custodian of the minor’s account.
29.05 / 10:49
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Universal VulKaan Aviation eyes Indian market for chopper sales
NEW DELHI:Universal VulKaan Aviation, a Singapore-based company, is set to venture into India as its next growth market, aiming to sell over 30 helicopters within the next three years, senior officials told Mint in an interaction.This ambitious plan, which includes both pre-owned and new helicopters, is set to reshape the country's helicopter landscape. The company, a distributor for Leonardo helicopters in India, has already engaged in discussions with private charter companies and state governments, they added."The helicopter market in India has not reached its full potential, with only 250 machines in operation," said Harinder Jeet Singh Commar, partner at Universal VulKaan Aviation.
29.05 / 10:43
Provident
Ripple
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Ripple Pours $25M More into Crypto Super PAC Fairshake
Ripple announced a second $25m donation to the crypto super Political Action Committee (PAC) Fairshake on Wednesday. This contribution supplements the $25m it provided to Fairshake last year.
29.05 / 10:17
UPS
Provident
Target
Manufacturing
Highways
China enhances military support to Pakistan along LoC in Kashmir
Pakistan's key ally China has been actively bolstering the defence capabilities of the Pakistani army along the Line of Control (LoC) in Jammu and Kashmir over the past three years which includes the construction of steelhead bunkers and the provision of Unmanned Aerial and Combat Aerial Vehicles, officials said on Wednesday. Chinese assistance also extends to the installation of highly encrypted communication towers and the laying of underground fibre cables along the LoC. Moreover, advanced radar systems of Chinese origin, such as the 'JY' and 'HGR' series, have been deployed to enhance medium and low altitude target detection capabilities, providing crucial intelligence support for army and air defence units, they said. Additionally, the presence of the SH-15, a 155 mm truck-mounted howitzer gun manufactured by a Chinese firm, has been noticed at various locations along the LoC.
29.05 / 09:47
Provident
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PWC to become OpenAI's largest enterprise customer, WSJ reports
PWC will become the largest customer and first reseller of artificial intelligence startup OpenAI's enterprise product, as part of a new deal, the Wall Street Journal reported on Wednesday. OpenAI and PWC did not immediately respond to a Reuters request for comment.
29.05 / 08:53
COST
Provident
Strategy
cover
information
Features
Considering a personal loan to buy a car? Here are its pros and cons
Personal loans might be a sensible option when buying a car in some cases. However, since auto loans are usually a better option, it is important to weigh the advantages and disadvantages. A summary of the benefits and drawbacks is provided below to help you decide.
29.05 / 08:47
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Crypto Ifex 1000 Review – Scam or Legitimate Crypto Trading Platform
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content
29.05 / 06:35
markets
Provident
Enterprise
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Updates
Brigade Enterprises Q4 Results Live : profit rise by 197.6% YOY
₹8.89 for Q4, marking a substantial 288.83% year-on-year growth, which is a positive indicator for the company's profitability and shareholder value.Brigade Enterprises has also delivered strong returns to its investors, with a 1.62% return in the last 1 week, 58.36% return in the last 6 months, and a 36.64% year-to-date return, outperforming the market benchmarks.Currently, Brigade Enterprises commands a market capitalization of ₹28316.65 Cr, with a 52-week high/low stock price range of ₹1300 and ₹535.15 respectively, showcasing the company's market position and stock performance.Analysts covering Brigade Enterprises have provided mixed recommendations, with 1 analyst giving a Sell rating, 7 analysts recommending a Buy rating, and 4 analysts suggesting a Strong Buy rating as of 29 May, 2024.The consensus recommendation for Brigade Enterprises as of 29 May, 2024, stands at Buy, indicating positive sentiment and confidence in the company's growth prospects and financial performance.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹206.09CrQuestion : What is Q4 revenue?Ans : ₹1702.37CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world
29.05 / 06:35
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As JK Lakshmi Cement pushes the pedal on capex, beware debt pinch
₹1,200 crore of capex in FY25, ₹1,000 crore in FY26, and ₹1,200 crore in FY27. The capex guidance for listed subsidiary Udaipur Cement Works Ltd was set at ₹300 crore for FY25. For comparison, the combined capex of JK Lakshmi and Udaipur Cement Works was around ₹1,010 crore in FY24.
29.05 / 05:29
markets
Provident
performer
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Updates
Engineers India Q4 Results Live : profit falls by 39.25% YOY
₹2.05, marking a 39.23% decrease from the previous year.Engineers India's stock performance in the last week resulted in a -2.88% return, while it has delivered impressive returns of 84.57% in the last 6 months and 54.53% year-to-date.The company currently holds a market capitalization of ₹14891.31 Cr, with a 52-week high/low of ₹289.9 & ₹106.25 respectively.Analysts covering Engineers India have provided mixed ratings, with 4 analysts suggesting a Hold rating, 1 analyst recommending a Buy, and 1 analyst advocating for a Strong Buy.The consensus recommendation as of 29 May, 2024, was to Buy the stock.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹115.52CrQuestion : What is Q4 revenue?Ans : ₹805.14CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world
29.05 / 05:03
UPS
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FIVE
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International
Auto loans, variable mortgages weigh on Scotiabank earnings
Rising strain in auto loans and Canadian mortgages led Scotiabank to set aside more money in case they go bad, leading to a drop in second quarter profits.
29.05 / 03:51
29.05 / 03:39
UPS
Provident
Google
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Adani Group eyes stake in One97 Communications, say reports; Paytm denies any such talks
Paytm, according to sources cited by The Times of India. As per the report, Paytm founder and CEO Vijay Shekhar Sharma visited Adani at his office in Ahmedabad on Tuesday to "finalize the contours of a deal."However, Paytm denied any such talks.In a clarification issued on the bourses, it said, "We hereby clarify that the abovementioned news item is speculative and the Company is not engaged in any discussions in this regard.
29.05 / 03:39
UPS
Provident
Target
economy
reports
Interviews
International
IMF Lifts China growth forecast to 5% citing fast start to 2024
International Monetary Fund now expects China’s economy to grow 5% this year, raising its forecast from 4.6% earlier this year to reflect a strong expansion at the start of 2024 and additional support from the government. The Fund expects the momentum to continue, raising its gross domestic product forecast for next year to 4.5% from 4.1%, according to a press release published Wednesday.
29.05 / 02:47
UPS
Provident
Waters
information
reports
Department
Cyclone Remal batters Mizoram: 27 lives lost in Aizawl; CM Lalduhoma allocates ₹15 cr for state relief fund
Cyclone Remal has killed 27 people in various areas, including Melthum, Hlimen, Falkawn, and Salem Veng, within the state capital, Aizawl.According to the Directorate of Information, Public Relations (DIPR), Mizoram, “27 bodies have been found so far as search and rescue operations continue, with State Disaster Response Force personnel teaming up with Melthum Local Council and YMA."As reported by PTI, Chief Minister Lalduhoma has announced a State Disaster Relief Fund (SDRF) allocation of ₹15 crore and extended ₹4 lakh as ex-gratia for the deceased.He, alongside DM&R Minister K Sapdanga, will provide ₹2 lakh to the families of the deceased in Hlimen, with the remainder to be disbursed later, following SDRF guidelines. Both officials, accompanied by government representatives, were present at Melthum to assess the situation firsthand.Also Read: Imphal inundated, landslides and flashfloods in Meghalaya, Orange alert in Tripura: Aftermath of Cyclone RemalPower and Electricity (P&E) and Public Health Engineering (PHE) departments have issued notices stating that electricity and water supply will be stifled until further notice as landslides and floods have damaged electric lines and water pumps.According to reports from Mizoram DIPR, the cyclone's toll stands at 14 fatalities in Melthum, 4 in Hlimen, 3 in Salem, 2 each in Falkawn and Aibawk, and 1 each in Lungsei and Kelsih areas within Aizawl district.
29.05 / 00:49
markets
UPS
IPO
Provident
Aware
security
Hindalco's US arm Novelis to list on NYSE in 2 weeks
Novelis Inc, the US-based aluminium products company of the Aditya Birla Group-controlled Hindalco Industries, is set to list on the New York Stock Exchange in around two weeks, people aware of the matter said. Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell 45 million shares, or a 7.5% stake, in the company at $18-21 per share.
29.05 / 00:19
UPS
Provident
Enterprise
Election
cover
FY25 capital expenditure outlay may be hiked by 10%
FY25 capital expenditure outlay by 8-10% from the ₹11.11 lakh crore allocated in the vote on account when the full budget is presented thanks to better-than-expected tax revenue and a record surplus transfer by the RBI to the government. «Both tax and non-tax revenue are expected to be better,» a senior official told ET. «Additional surplus transfer from RBI provides enough headroom to spend more.» Finance minister Nirmala Sitharaman presented an interim budget in February as this is an election year. The results will be declared on June 4. The full budget is expected to be announced about a month after the new government is formed.
28.05 / 22:59
Provident
economy
country
social
information
reports
International
UN report says that education, social safety nets vital for Asia to grow rich, cope with aging
A report by the United Nations says that as economies in Asia and the Pacific slow and grow older, countries need to do more to ensure that workers get the education, training and social safety nets needed to raise incomes and ensure social equity
28.05 / 22:11
Provident
CEO
security
Research
Inside
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OpenAI to bring advanced artificial intelligence model, to succeed GPT-4
OpenAI has started training of an upgraded artificial intelligence (AI) model. This AI model, once implemented, will be advanced than that of GPT-4 system. OpenAI revealed the establishment of a new safety and security panel, which will provide guidance to the entire board on essential safety and security matters related to its projects and operations.
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