Provident Financial News

26.05 / 23:59
markets COST UPS Provident Target Strategy wellness Boston Consulting Group to draw up BSNL’s revival plan
Boston Consulting Group (BCG) will prepare a three-year roadmap to transform state-owned Bharat Sanchar Nigam (BSNL) so that it can effectively compete with private telecom operators.
26.05 / 19:43
Provident Booking security reports rights Investigations Greater transparency: No indemnity clause in NPA sale pact between banks and ARCs
banks and stressed asset firms last week adopted a 'model agreement' for selling loans, but were unable to reach a meeting point on the tricky issue of 'indemnity' which banks typically refuse to give once sticky assets move out of their books. Lenders, according to documents reviewed by ET, would also have the right to declare an account as 'fraud' and make asset reconstruction companies (ARCs) that acquired the stressed loan responsible for dealing with the investigative agencies looking into the offence. Even though a model template settles several differences arising in the course of loan sales, the two issues, pertaining to indemnity and fraud, place selling banks at a comparatively advantageous position.
26.05 / 19:43
Provident WhatsApp cover recommendations Study on AI and its impact: CCI extends bid deadline to June 28
artificial intelligence and its impact on competition, and has extended the deadline for submission of bids till June 18. Earlier, the deadline for the bids was June 3. In a set of clarifications, the Competition Commission of India (CCI) said bids cannot be submitted through a consortium or a joint venture. Among other eligibility requirements, the minimum annual turnover of ₹50 crore has been retained for the bidders.
26.05 / 19:43
UPS Provident FIVE Southern community country Sameera Group lines up Rs 500 cr for senior living
Real estate developer Sameera Group has earmarked ₹500 crore as investments over the next five years to set up 1,000 senior living homes across South India, the company said. For developing the senior living homes, city-based Sameera Group has signed a memorandum of understanding with Vedaanta Senior Living that aims to create high-quality senior living communities, a company release said on Sunday. «This strategic partnership brings together Sameera Group's extensive experience in land development and Vedaanta's deep understanding of the senior care industry,» the release said.
26.05 / 19:23
COST UPS Provident Digital Platform Mobile RIL set for African safari with 5G tech solutions
Reliance Industries Ltd (RIL) entity is set to offer a range of 5G shared network infrastructure solutions in Africa with a local company backed by Ghana, marking the conglomerate's entry into the league of global telecom tech and equipment vendors. Radisys, owned by RIL unit Jio Platforms Ltd (JPL), along with Tech Mahindra and Finland's Nokia, is partnering with Next-Gen Infrastructure Co. (NGIC), in which the Ghanaian government, Ascend Digital and K-Net hold equity, for the foray.
26.05 / 19:23
Provident Fighting Election MakeMyTrip hospital travelers Destinations Temperature surges, so does summer travel this year
summer travel this year, with hospitality and travel services providers noticing buoyant demand. Although the ongoing general elections have had a minor impact on corporate and meetings, incentives, conferences, and exhibitions (MICE) business, hotels are finding increased retail business with beach destinations still fighting it out with hill stations for the favoured holiday site. «Those in the northern part of the country head to the hills to escape the heat. There is also movement from the cities to nearby tourist or leisure destinations. Industry sources estimate a 30 to 40% increase in the summer travel this year as compared to last year,» Hotel Association of India, president and Radisson Hotel Group chairman, south Asia, KB Kachru said. MakeMyTrip group CEO Rajesh Magow said, «Summer is always one of the biggest quarters of the year in terms of travel intent, and this year too, the buoyancy in the sector continues. We are observing a healthy growth in searches over those recorded last year at this time.»
26.05 / 19:19
markets Provident Manufacturing Mobile electronic recommendations International Electronics companies seek Rs 35,000-crore incentive plan for components
electronics manufacturing industry is urging the government for a ₹30,000-₹35,000 crore production-linked incentive (PLI) scheme for components and sub-assemblies, along with capital expenditure backup to support surging exports of mobile phones and other electronics. «The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 2032,» the India Cellular & Electronics Association (ICEA), which represents top smartphone brands and manufacturing companies, said. The scheme's objective is to boost domestic value addition, especially in mobile phone manufacturing to 35-40%, from 18% now, said ICEA, adding component manufacturing should run parallel to the development of semiconductor ecosystem, currently underway in India. «In confronting its burgeoning semiconductor demand, we must recognise the emergent necessity to pivot from heavy reliance on imports towards fostering an indigenous semiconductor ecosystem, underpinned by localised PCBA operations, focused circuit design, and deepened value addition across product manufacturing,» the industry body said.
26.05 / 18:51
Provident Target Digital Cybercrime Trade 2020 reports Cyber Indians lost over ₹1,750 crore to cyber fraud in first four months of 2024
cybercrime complaints being registered on the National Cybercrime Reporting Portal run by the ministry of home affairs between January to April 2024. According to Indian Cyber Crime Coordination Centre (I4C), on an average 7,000 cybercrime complaints were registered per day in May 2024, a jump of 113.7% between 2021-2023 and 60.9% from 2022-2023, and 85%of them were financial online frauds. I4C is a body established by the MHA to provide a framework for law enforcement agencies to deal with cybercrime. The massive rise in number of cases can be seen between 2019 to 2024 with 26,049 complaints being registered in 2019, 2,57,777 in 2020, 4,52,414 in 2021, 9,66,790 in 2022, 15,56,218 complaints in 2023 and 7,40,957 in 2024 in the first four months of the year. Most victims were targeted using online investment fraud, gaming apps, algorithm manipulations, illegal lending apps, sextortion, and OTP forwards among others. Over 1 lakh investment scam cases were reported in 2023, according to I4C. In cases of digital arrests, Indians lost ₹1.2 billion in 4,599 cases in the first four months of 2024. Trading scam accounted for 20,043 cases in which ₹14.2 bn were lost to cyber criminals during the same period.
26.05 / 18:35
UPS Provident community DAL Uttar Pradesh: Apna Dal's Anupriya Patel eyes hattrick in Mirzapur
Mirzapur: Mirzapur: 2014 did not just mark a watershed moment for the BJP in UP as it won with a landslide 71 seats, but also proved life-changing for a young MLA then, who is now one of the youngest Union ministers — Anupriya Patel. Her party, the Apna Dal (S), has become one of the most solid allies of the BJP in UP since then after winning both the LS seats allotted to it. Today, it has the third highest number of MLAs in the state assembly after the BJP and Samajwadi Party. As Patel seeks her third straight tenure from her seat in Mirzapur, caste math and the execution of some central welfare schemes are likely to play in her favour. But, in this seat, which has a 25% Dalit and tribal population, she is also being accused of being biased towards her loyal Kurmi base and for patchy implementation of some crucial schemes for tribals like the Jal Jeevan Mission. With 49% population belonging to OBCs and 25% to the SC/ST communities, the BJP's focus on consolidating their votes was also visible in PM Narendra Modi's address here on Sunday, wherein he raked up SP's 2012 and 2014 manifesto promises of providing reservations to Muslims on the lines of the reservations given to backwards, Dalits and tribals. Apart from Mirzapur, the AD(S) is also contesting from neighbouring Robertsganj which has a much higher tribal population.
26.05 / 17:53
markets Provident Platform Entertainment exclusive innovations Features TABOO Unveils Live Streaming, Confirms Second Mansion Event After Successful Marketplace Launch
TABOO, a trendsetting crypto-based adult entertainment company, is thrilled to announce the upcoming launch of its revolutionary live-streaming feature. This exciting development follows the successful launch of TABOO’s innovative marketplace and sets the stage for an immersive, interactive experience that redefines digital adult entertainment.
26.05 / 14:57
Provident FIVE Mobile testing CSIR UGC NET Exam June 2024 registration closes tomorrow. Steps to apply at csirnet.nta.ac.in
₹1,150; General-EWS/OBC(NCL) ₹600 and for SC/ST/PwD/Third Gender candidates ₹325. All categories must pay the examination fee before the last day of fee payment i.e.
26.05 / 14:57
Provident Manufacturing Google Entertainment Gemini Features Gemini AI feature in Google Messages expands with support for Workspace, YouTube, and Maps Extensions
Gemini is designed to assist with drafting messages, brainstorming, event planning, or simply engaging in entertaining conversations. Its responses are optimized for brevity. Unlike Google Assistant in the now-defunct Google Allo, Gemini is strictly for one-on-one interactions and cannot be incorporated into group chats.The feature supports Gemini Extensions such as Workspace (@Gmail, etc.), @YouTube, and @GoogleMaps, though the YouTube Music extension is notably absent.
26.05 / 13:47
Provident Charity Universities composer cover donates rights How this Hindi scholar is channeling his savings into charity
"Blessed is the wealth that is spent in charity for greater good. Fortunate is the intellect that is immersed in virtue," says Ram Mohan Pandey, quoting a couplet from a poem composed by Hindu saint Tulsidas, in explaining his commitment to charity. Pandey, an 86-year-old retired Banaras Hindu University (BHU) professor with a doctorate in Hindi, donates 6-10% of his investment corpus to charity every year, in keeping with the spiritual ethos of Banaras.
26.05 / 13:47
Provident Yellow Videos cricket bowling Abhishek Sharma's special message for CSK fans ahead of KKR vs SRH IPL 2024 final, 'Support us'
KKR vs SRH IPL 2024: Abhishek Sharma will open for Sunrisers Hyderabad (SRH) in the IPL 2024 final against Kolkata Knight Riders (KKR). He has provided multiple solid starts to Hyderabad and is among the top six scoring batters in the tournament. But, as the Orange Army goes against Kolkata at the MA Chidambaram Stadium, Chennai, Abhishek Sharma made a special request to Chennai Super Kings (CSK) fans.
26.05 / 12:21
markets Provident Death NOC hospital reports Department No eatery in THIS popular market in Noida Sector 104 has fire NOC: Report
ALSO READ: Rajkot gaming zone had one exit point, stock of petrol - What we know so far“Since the market is unauthorised, as per Noida authority, none of the establishments have an approved map which is required to provide a fire NOC. Not a single establishment in the market has a fire NOC," said chief fire officer (Noida) Pradeep Kumar Chaubey, as per the report.The police commissioner has asked the fire department to carry out a fire safety drive “to check the firefighting measures at the commercial establishments in the area, and carry out mock drill to check their fire preparedness".
26.05 / 12:21
UPS Provident security Pool information Investors of CIG Realty Fund move SAT against trustees for ‘breach of trust’
₹650 crore across all schemes.In their plea filed before the tribunal last week, the investors alleged that the schemes were wrongfully extended beyond the permissible time, leading to breach of contract, causing “grave inconvenience" to the investors.“The fund has clearly made a mockery of the trust and faith invested by the applicants along with other investors," investors said in the plea cited earlier. “The trustees have failed to maintain the integrity and highest standards expected, particularly in not ensuring proper care, due diligence and independent professional judgement in winding up the schemes."A real estate fund, with corpus typically pooled from retail investors, invests in securities of real estate companies.A copy of the petition was seen by Mint.In December 2023, Sebi had passed an order against Unitech Advisors (now known as Auram Asset Management) — the fund manager to the realty fund —, its directors Sanjay Chandra, Ajay Chandra, Ramesh Chandra, and Hitendra Malhotra.
26.05 / 12:21
Provident Experts NOC gatherings Equality Courts rights Will my sibling have any rights to the house purchased by me in my mother's name?
—Name withheld on request As per your query we assume that you are a Hindu. With reference to your father, we assume that there is no right or interest of any other person in the property and that the same were held only by him and that his properties are self-earned and self- created.
26.05 / 11:45
Provident Mobile Election President Inside Modi's 'mazboot' govt replaced 'majboor' UPA: JP Nadda
BJP president JP Nadda on Sunday credited his party with providing a «mazboot» (strong) government, under Prime Minister Narendra Modi, which was capable of penetrating Pakistan's borders to destroy terrorist hideouts. In contrast, the former Union minister charged, the Congress-led UPA government that got voted out in 2014 was «majboor, kamzor aur apang» (helpless, weak and crippled). Addressing back-to-back election rallies in Bihar's Arrah and Jehanabad constituencies, Nadda mocked the UPA for having sent «dossiers to Pakistan when the nation was rattled by terrorist attacks sponsored from across the border». «When Modi took over, and Uri and Pulwama happened, our troops penetrated Pakistan's borders to conduct surgical strikes and Balakot air strikes and beat the terrorists inside their homes,» he said.
26.05 / 09:27
IPO Provident Target Digital Experts track recommendations Go Digit stock: Brokerage firm Emkay Global gives ‘Sell’ rating, sees downside of 31%
₹272 per piece.The brokerage firm has given ‘sell’ rating, indicating a downside of over 31.4 per cent with a target price of ₹210 per share. The firm further predicts a significant price correction for the newest entrant on Dalal Street, viewing the company as simply another insurance provider that is demanding exceptionally high valuations.Also read: Go Digit IPO listing date today.
26.05 / 09:13
UPS Provident Action Strategy wellness Department strategies Income Tax: Filing ITR early this time? Here are 8 key strategies to optimise tax savings
Also Read: Tax Harvesting: What is it and how can it optimise your tax liabilities?From an income tax perspective, any income you generate during the current FY will be assessed for taxation purposes in the following assessment year (AY). The current FY 2024-25 starts on 1st April 2024 and ends on March 31st 2025.
26.05 / 09:13
UPS Provident stage pop Updates KKR vs SRH Final Live Score, IPL 2024: Resilient Shreyas Iyer against champion Pat Cummins in last bout for trophy
KKR Vs SRH Final Live Score, IPL 2024: Shreyas Iyer-led Kolkata Knight Riders (KKR) is ready for the final battle against Pat Cummins-led Sunrisers Hyderabad as the top two teams of the IPL 2024 face each other for the final game at the grand MA Chidambaram Stadium, Chennai. The two captains triumphed over multiple challengers during their journey towards the top and will put their best foot forward to lift the shining IPL 2024 trophy.

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