Provident Financial News

₹365 apiece on NSE SME, a premium of 386% to the issue price of ₹75 per share. Winsol Engineers IPO listing gains stood at ₹290 per share. With a lot size of 1,600 shares, the listing gains of the SME IPO stand at ₹4,64,000 a lot.

ChatGPT. GPT-4o is an advanced version of the AI technology powering the widely used generative tool, ChatGPT. To be freely available to all users as OpenAI rolls it out globally, GPT-4o boasts improved performance and efficiency.

Lok Sabha election 2024: India VIX, also known as the Indian Volatility Index, is a measure of the market's expectation of volatility over the near term. Today, it continued its uptrend and touched a new 52-week high of 21.88.

The UK government’s Insolvency Service has shut down a London-based crypto advisory firm that claimed to offer investment advice in cryptocurrencies.

The Commodity Futures Trading Commission (CFTC) has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration.

oil demand heading into the northern hemisphere summer holiday. Nervousness about the seasonal pickup in oil consumption abounds. It happened in 2023, and it’s happening again this year. But as before, traders’ concerns are misplaced: Oil demand growth is doing just fine. The anxiety is reflected in the price of Brent crude, the global oil benchmark, which has dropped to less than $85 a barrel in recent days, down from about $90 a barrel in April. With the OPEC+ oil cartel meeting on June 1 to decide whether to prolong production cuts, the status of global demand matters. The group should look beyond the current noise and see that consumption remains firm. Admittedly, there are pockets of demand weakness. The middle distillates fuel segment, which includes diesel and heating oil, have seen soft consumption so far this year. But that’s largely due to a warm winter in the northern hemisphere, which reduced heating needs, rather than underlying economic malaise.In the diesel market, the biggest problem isn’t demand, but supply: Renewable diesel and bio-diesel are taking market share more rapidly than expected, in the process magnifying the diesel glut. In February, the last month with monthly data available, biodiesel and renewable diesel accounted for about 8.5% of total US diesel consumption. In 2020, the market share of both was under 1%.

inflation and the threat of rising food prices will probably keep the central bank on hold for longer, with economists pushing out their expectations for interest rate cuts to later in the year. Consumer prices rose 4.83% in April from a year earlier, the Statistics Ministry said Monday, largely in line with the previous month’s figures and economists’ forecasts.

Congress President Mallikarjun Kharge on Tuesday condoled the deaths of 14 people and prayed for the speedy recovery of the injured after a big hoarding collapsed in Mumbai's Ghatkopar area. «Deeply pained by the tragic incident wherein several people have lost their lives by a hoarding collapse in Mumbai's Ghatkopar. Our deepest condolences to the families of the victims. Several people have been injured, and we pray for their complete and speedy recovery,» Kharge posted on X. He further expressed his solidarity with all the victims and urged the authorities to provide immediate medical assistance to the injured.

shares of Winsol Engineers debuted on the NSE SME platform with a premium of 387% on Tuesday. The stock was listed at Rs 365 as against an issue price of Rs 75. Ahead of the debut, the company's shares traded with a premium of Rs 200 in the unlisted market.

Wildfires continue to rage across parts of western Canada and this past weekend, some communities were left without a way to communicate through internet or phone after fibre optic lines were damaged by the flames.

Selecting the incorrect form: One of the most common mistakes people make is choosing the incorrect form to file their taxes. Each form is tailored to a certain sort of income and taxpayer profile, and using the incorrect form might result in mistakes and processing delays. CA expert advises taxpayers to thoroughly analyse the qualifying conditions for each form and seek professional advice if confused.Also Read: Income tax return (ITR) filing 2024: How to show accrued interest on bank fixed deposits (FDs)? Proper treatment of F&O transactions: Futures and options (F&O) transactions can be complicated, particularly in terms of tax treatment.

OpenAI on May 13 showcased its latest AI model, GPT-4o, with a demo featuring voice interaction across text and images. This could keep the company "ahead of the race" in the global artificial intelligence landscape, Reuters reported. The GPT-4o boasts advanced audio capabilities, allowing users to engage in real-time conversations without delays and even interrupt the AI during its speech—a significant milestone in replicating natural human interaction, the report said.

Stoks to buy today: After weak opening during morning deals, the Indian stock market witnessed sharp recovery on Monday. All frontline indices ended higher whereas the broad market indices witnessed sharp upswing from the intraday low. The mid-cap index finished 0.36 percent higher whereas the small-cap index recovered 800 points from the intraday low.

Gold prices were flat on Tuesday, as investors awaited key U.S. inflation data that could provide more clues on the Federal Reserve's policy path.

The vote followed what the union called “over a year of negotiations."

The $200,100 winning bid for a private lunch with software titan Marc Benioff might appear disappointing at first glance after years of multimillion-dollar bids for a private meal with investor Warren Buffett

Schools across the U.S. are increasingly turning to artificial intelligence and video cameras to spot guns

Artificial intelligence voice-cloning technology carries so many risks of harmful impersonation that major technology companies are wary of letting people use it

Perigon Wealth Management has announced a new leadership hire in a calculated move to support its ongoing expansion and commitment to enhancing advisor resources.

Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber fund have joined the round for X10 as it emerges from stealth.Led by Revolut's former head of crypto, Ruslan Fakhrutdinov, X10 promises users the execution speed and features of a centralised exchange, but with full self-custody and settlement of trades on-chain.X10 says that while centralised exchanges have the advantage of an extensive portfolio and great latency and throughput, they also have a massive flaw: security and transparency. "The FTX situation, where users only got back a third of their funds, serves as a wake-up call for the industry.

Two crypto-supportive senators have urged the Justice Department (DOJ) to reconsider its recent enforcement action against a popular Bitcoin privacy service.