Provident Financial News

KKR & Co is all set to sell its education portfolio in India — Lighthouse Learning (formerly Eurokids International). KKR has hired JP Morgan and Avendus to run the sale process, which is expected to be launched by next week, said two sources aware of the development.

Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) is set to release the results for the Higher Secondary Certificate (HSC) or class 12 exams on Tuesday, while the Secondary School Certificate (SSC) or class 10 results will follow soon. Students can check their scores online through the official websites, including mahresult.nic.in and results.gov.in. The HSC results will be announced at 1 pm on Monday. The Maharashtra HSC exams took place from February 21 to March 19, 2024, and the SSC exams were held from March 1 to March 26, 2024. Over 14 lakh students appeared for the HSC exams, and more than 15 lakh students sat for the SSC exams. When the results are announced, MSBSHSE is likely to provide detailed information, such as the top-performing students, overall pass rates, gender-specific pass percentages, and schedules for compartment exams. Students need to score at least 33 marks in each subject to pass the SSC exams. Last year, the SSC exams saw 15,77,256 registered students, including 8,44,116 boys and 7,33,067 girls.

public offering (IPO) of Awfis Space Solutions will open for subscription on May 22. The issue closes on May 27. Through the public offer, the company plans to raise around Rs 599 crore. Here are 10 things to know about Awfis Space Solutions IPO before subscribing to the issue.

Varthana, a non-bank lender in the education sector, has received 3 million euros of debt finance from Dutch investor Triodos Investment Management.

Bengaluru late on Saturday night, the engine of an Air India Express aircraft carrying passengers from Pune to Kochi caught fire. This resulted in the plane's return and an emergency evacuation of its 179 passengers, who were left stranded in the Karnataka capital for almost thirteen hours. There were six crew members on IX-1132.

Bitcoin (BTC) halted its decline and regained traction, rising above $67,000 and reaching an intraday high of $67,600.

mutual funds showcase vital track records. They may be worth considering for investors seeking exposure to small-cap stocks' potential growth opportunities.

This story is possibly apocryphal, but nevertheless worth telling. Just after independence, Jawaharlal Nehru instructed his party workers to go to the masses in the hinterland and spread the good news. That the British had left, and we were a free nation now.

The Indian Express last week, union minister for petroleum and natural gas Hardeep Singh Puri said that PSEs had utilized their profits for capex investment, and that as of February, public sector oil and gas companies were implementing projects with a combined investment of ₹5.67 trillion. But this is spread over several years, and the pace of growth would be a better indicator. One measure of PSE capex is ‘net block’, or the sum of a company’s assets on a given date, adjusted for depreciation.

Bajaj Finserv Multi Asset Allocation Fund. With a strategic focus on high dividend-paying companies, this fund offers investors a balanced approach to wealth accumulation in long term. The NFO of this scheme closes on 27th May, 2024.

Mutual funds are broadly categorised into five main types based on their underlying assets and investment objectives. These funds primarily invest in company stocks or equities. They are further classified based on market capitalisation (large-cap, mid-cap, small-cap).

Employees' Provident Fund Organisation (EPFO) has opted to keep in «abeyance» the increase in retirement and death gratuity for workers, which is a blow to those employed by the government and organised sector. The maximum retirement benefit and death benefit were increased by 25%, from Rs 20 lakh to Rs 25 lakh, according to an order released on April 30, 2024 by the EPFO last month. A week later, on May 7, the retirement fund organisation released another circular saying that, effective immediately, the gratuity augmentation due to the rise in DA has been placed on hold. The decision's rationale has not been stated in the order.

Personal loans can come to your rescue in such situations, providing you with the necessary funds to meet your travel expenses without putting a strain on your financial resources. Discussed here are six ways in which a personal loan can help you meet your travel expenses. 1)Flight tickets Booking flights, particularly for international holidays, can be a considerable expenditure. Peak travel seasons or last-minute bookings can cause ticket costs to skyrocket. A personal loan permits you to get your tickets without fretting about the immediate monetary stress. By considering a personal loan, you can select the most convenient flights and ensure a comfortable trip without any compromises on your budget. 2)Accommodation Figuring out the right place to stay is important for a memorable trip. Whether you like a magnificent resort, a quaint bed and breakfast, or a low-cost hostel, personal loans provide you with the financial freedom to book the perfect lodging. Loans with an affordable interest rate and flexible terms, like those offered by IDFC FIRST Bank FIRSTmoney, allow you to prioritise features like location, facilities, comfort, etc., without being restricted by your budget.

EPFO Update:: The Employees' Provident Fund Organisation (EPFO) has stated that in light of the challenges encountered by field offices and the inability to rectify/update Aadhaar details following a member's death, it has been determined that henceforth, the processing of physical claims without seeding Aadhaar may be permissible in all such death cases. “However, this concession is contingent upon obtaining approval from the Officer in Charge (OIC) via an e-office file.

Sensex closed at 73,917 points, or 1.6% lower than the highest level since April, when the election started coming into focus. Now, the thing to remember is that the parts can behave differently from the whole. And that seems to be happening with the stock market as well.

Iranian President Ebrahim Raisi, 63, was declared dead following a helicopter crash over the weekend, a senior Iranian official confirmed early Monday. Along with Raisi, his foreign minister Hossein Amirabdollahian was also killed.

British regulators say they don’t need to open a competition investigation into Microsoft’s partnership with French artificial intelligence company Mistral, a month after asking for industry feedback on the deal

Internet-enabled phones can play a unique role in sub-Saharan Africa, where infrastructure and public services are among the world’s least developed

Elon Musk has traveled to Indonesia’s resort island of Bali to launch Starlink satellite internet service in the world’s largest archipelago nation

Federal wildlife officials have declared a rare lizard in southeastern New Mexico and West Texas an endangered species

Vegas tourism authority sponsoring each Aces player for $100K in 2024 and 2025.