Provident Financial News

Axis Bank and Canara Bank appear to be relative stragglers in a comparative statistical study on the reasonableness of service charges, with several new-age and small-finance lenders populating the upper quartiles on this 25-strong list of financiers. IDFC First Bank, Bandhan Bank and AU Small Finance Bank are better placed on this metric, according to a study by a statistics expert from IIT Bombay.

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use it to help Kyiv fend off Moscow's invasion

House representatives from both political parties are calling on the SEC to approve applications for Ether spot ETFs, with the key decision expected later today.

Speculations regarding Bybit’s potential hack or insolvency sparked concerns within the crypto community, prompting CEO Ben Zhou personally to step in to refute these claims on May 23.

seven unlicensed cannabis shops in New York whose promotions included an Easter egg hunt has been fined more than $15 million after state officials complained he repeatedly ignored notices to stop operating without approval, authorities said. A state Supreme Court justice in Lyons, New York, imposed the fine against David Tulley on Wednesday. Acting Justice Richard Healy penalized Tulley 90% of his gross sales from February 2022 to May 2023 as well as $10,000 for each day he operated without licenses.

₹46,90,000.The 220i M Sport Shadow Edition is offered in two striking colours: Alpine White (non-metallic) and Skyscraper Grey (metallic), with upholstery options in Black and Oyster. Enhanced with a distinctive Blacked-Out Kidney Grille and All-Black Rear Spoiler, the car boasts a sporty, low, and broad-set stance.

goods and services tax (GST), said people familiar with the matter. Foreign airlines with offices in India have received GST notices over the past few months for non-payment of tax on import of services by Indian entities from their head offices. The issue has been referred to the fitment committee under the GST Council and the overall view is veering around to exempting the tax and giving relief to airlines, the people said. A final call on the clarification would be taken after the examination of the issue by the fitment committee, they said. «There is a grey area on the services from head office to branch office which is unique to both airlines industry and the shipping industry as it is difficult to determine place of service in case of maintenance and rental from one office to other,» a senior official told ET on condition of anonymity. The Directorate General of GST Intelligence (DGGI) last year issued notices to 12 foreign airlines on account of levy of GST on import of services by Indian branch offices.

travel agreement being worked out between India and Russia should boost the tourist numbers to Moscow from India by at least 30%, said Evgeny Kozlov, first deputy head of the office of the mayor and the government of Moscow, in an interview to ET. Kozlov, who is also the chairman of Moscow City Tourism Committee, said Russian federal officials are also working on a project to enable virtual cards for Indian travellers while they are in India before coming to Russia. Kozlov said the virtual cards for Indian travellers should be enabled at the end of this year.

Retirement account balances have reached their highest levels in over two years, driven by record-high contributions and favorable market conditions, according to Fidelity Investments’ first-quarter 2024 retirement analysis.

Raymond James is further solidifying its presence in the northeast as it welcomes a team from Merrill Lynch to its employee advisor channel.

Two leaders at the SEC have spoken out against the regulator’s multimillion-dollar penalty against Intercontinental Exchange, the parent firm of NYSE, and its subsidiaries over a failure to promptly report a breach in its data security protocols.

PTI report.On Thursday, “Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY 2023-24 based on company and individual performance," PTI said citing sources.ALSO READ: Passengers recall harrowing moments of Air India Express flight catching fireThe airline is in the process of revamping itself under a five-year transformation plan, announced In late 2022.Since the Tata Group took over the loss-making airline over two years ago, this is the first appraisal process for Air India staff.It is providing competitive salary increments to attract and retain talent as part of larger efforts to have a performance-driven and meritocratic culture among the employees, said the report.The annual appraisals, based on the new Performance Management System (Rise.AI), have been given to all employees, who joined before December 31, 2023, including ground staff, cabin crew and pilots.The airline has around 18,000 employees. ALSO READ: Vistara warns of traffic congestion in Varanasi as Modi to file nomination today“CHRO Kumar said that in the last financial year, the airline achieved key milestones of laying strong foundations for growth and transformation," as per the PTI report.

US Congress, a former top adviser to Dr. Anthony Fauci was found fumbling and providing excuses rather than answering questions directly posed by the committee. This hearing came amidst a series of leaked emails from Dr. David Morens who served as a top adviser to Dr. Anthony Fauci during the COVID pandemic. These emails date to the period during which the US was gripped by a pandemic that brought many cities including New York to a standstill. The US House of Representatives Committee on Oversight and Accountability has conducted the investigation.

Air India on Thursday announced annual salary increments for its staff, and also introduced an annual target performance bonus for pilots, according to sources. This is the first appraisal process after Tata Group took over the loss-making airline a little over two years ago. On Thursday, Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY 2023-24 based on company and individual performance, sources said. They said that Air India, which is in the process of revamping itself under a five-year transformation plan, is providing competitive salary increments to attract and retain talent as part of larger efforts to have a performance-driven and meritocratic culture among the employees.

Election Commission has opposed in the Supreme Court an NGO's demand to upload polling station-wise voter turnout data on its website within 48 hours of the conclusion of polling for each phase of the Lok Sabha elections, contending it will «vitiate» the electoral space and cause «chaos» in the poll machinery in the midst of the general elections. A vacation bench of Justices Dipankar Datta and Satish Chandra Sharma is scheduled to hear the plea of NGO 'Association for Democratic Reforms', which has also sought direction to the poll panel that scanned legible copies of Form 17C Part-I (Account of Votes Recorded) of all polling stations be uploaded immediately after the polls. In its counter affidavit, the poll panel said there is no legal mandate to provide Form 17C to any person other than the candidate or his agent.

Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) declared their January-March quarter results for fiscal 2023-24 (Q4FY24) this month and have received bullish-to-neutral rating from domestic brokerage firms. Earlier this year, the CGDs announced a reduction in their respective compressed natural gas (CNG) prices across all locations.MGL, the city gas operator in Mumbai and its adjoining areas, announced a ₹2.5 per kg reduction in the CNG price on March 6.

Casper Labs introduces Prove AI to enhance transparency and auditability for artificial intelligence training data using blockchain technology.

South Korea has unveiled a $19 billion support package to bolster its semiconductor industry, seeking to catch up with international rivals amid soaring demand for advanced chips to power artificial intelligence and other computing. The 26 trillion won ($19.03 billion) package, announced by President Yoon Suk Yeol on Thursday, focuses largely on providing financial support through state-run Korea Development Bank for chip makers and suppliers to invest in semiconductor infrastructure in the North Asian nation.

Proposed new legislation that aims to address uncertainty and regulation of digital assets “by enforcement” was passed by the House of Representatives yesterday, but the SEC chair is concerned.

The work from home issue has been rumbling on for many years but was paused to a large degree during the Covid pandemic. But some brokerage firms are mandating return to the office, with some citing regulatory requirements.