Provident Financial News

Gifted money does not impact your CIBIL score in a direct way. But it can, and does, affect the score positively in the following scenarios: you invest the gifted money into a scheme and improve your financial situation, use the gift received in cash to retire a debt, or use the same to give the down payment for buying an asset such as property or car. 

Real estate and equity have long been the primary avenues for investment. Recently, real estate is experiencing an upturn due to economic growth and rapid urbanisation. Traditionally, the realm of real estate investment for retail investors has been limited to residential properties or small commercial spaces, such as individual shops.

marathon season brings a time of excitement and challenge for people of all levels.Marathon season offers a range of distances to run, from the quick sprint of a 5K to the ultimate endurance challenge of an ultramarathon. And the key to any race is consistency and careful planning, experts say.“Usually springtime is when people are starting to get outside and start running as it’s nice to be out in the fresh air,” said Lydia Di Francesco, a wellness specialist based in Ottawa.

Indegene IPO: The Initial Public offering (IPO) of Indegene Limited is set to hit the Indian primary market on Monday deals. This is a unique occurrence, as there has yet to be a single IPO launch during May in the last four Lok Sabha Election cycles. The period from April to June during these years has typically been slow for the primary markets due to election uncertainty.

TN 12th results. Approximately 7.25 lakh students appeared in the Class 12 board exams conducted in March this year. Official websites to check results: tnresults.nic.in or dge.tn.gov.in.

Wipro and HCL Tech are likely to follow suit in their upcoming management discussions. Cognizant said, “Our use of AI technologies may present business, financial, legal and reputational risks. As with many innovations, AI presents risks and challenges that could adversely impact our business." The company added, “Failure to appropriately conform to this evolving landscape may result in legal liability, regulatory action, or brand and reputational harm." French IT giant Capgemini also spoke about potential disruptive effects.

Kolhapur is one of a few seats in Maharashtra that Congress is confident of bagging in this election. BJP's decision to backtrack from claiming this seat from Eknath Shinde's Shiv Sena too indicates that the going will not be easy for NDA this time. In the runup to the polls, BJP was pressurising Sena to hand over this seat in western Maharashtra to it. Shinde resisted the pressure as the Sena had a sitting MP, Sadashiv Mandlik. Yet BJP was relentless in seeking the seat, but then gave up the claim, the reason for which probably was the candidate Congress has fielded. Congress has managed to convince Shahu II Chhatrapati Maharaj, a descendant of Maratha warrior king Shivaji, to contest the polls. More importantly, he is the great grandson of Rajarshi Chhatrapati Shahu Maharaj, a maharaja of the former princely state Kolhapur and a well-known social reformer. During his rule, he had encouraged Dalit children to study and provided 50% reservation for them, as well as offered scholarships for poor meritorious students from the community. He established schools for women and legalised widow remarriage and worked to abolish child marriage. Within a day of Congress announcing Shahu Maharaj as its candidate, Prakash Ambedkar's VBA, which was making its own plans to contest separately, announced it would support his candidature.

How much that extra cash gives them confidence to spend more — a phenomenon economists call the wealth effect — is a hot topic whenever crypto prices are surging. A group of researchers tried to quantify it and determined that crypto bonanzas in the US aren't exactly spent like windfalls from winning the lottery. And so far, the effect has been relatively modest on the $28 trillion American economy. But if the asset class continues to boom, the study provides insight on potential game-changers in consumer patterns.

NewsX. The prime minister’s last term had been beneficial for the people of the country. It aided people and provided them with employment opportunities leading to several developments in the country without any descrimination towards people, said NewsX report citing Ansari.

OpenAI's ChatGPT AI-powered chatbot and Meta's Llama system, which powers the company's chatbots across Facebook and Instagram. The technology behind these systems is known as a large language model (LLM). These are artificial neural networks, a type of AI designed to mimic the human brain. They can generate general purpose text, for chatbots, and perform language processing tasks such as classifying concepts, analysing data and translating text. They acquire these abilities through an intensive process known as training, where the AI system is exposed to vast amounts of data in an effort to improve what it does.

Naxalites, three of them carrying a cumulative reward of Rs 3 lakh, surrendered in Chhattisgarh's Dantewada district on Sunday, a senior police official said. A 16-year-old girl and an 18-year-old boy are among those who turned themselves in before the police, he said. These cadres were tasked with digging roads, felling trees to block roads and putting up posters and banners during shutdowns called by Naxalites, the official said. Of the surrendered Naxalites, Baman Kartam (39) was the Jiyakodta Panchayat Militia Platoon Commander of the outlawed Maoists organisation, while Bhima Kunjam (28) was the Aranpur Panchayat CNM president, Dantewada Superintendent of Police Gaurav Rai said.

Bajrang Punia has been handed provisional suspension for refusing to give his sample for dope test during recent trials and the Wrestling Federation of India (WFI) is furious that NADA kept it «in dark» on the development and is planning to write to World Anti-Doping Agency (WADA) on the matter. Bajrang was handed provisional suspension on April 23 by National Anti Doping Agency (NADA) and asked to send his reply by May 7 to avoid further disciplinary action. The trials to pick the men's national team for the Asian Olympic Qualifiers in Bishkek were held in Sonepat on March 10 and Bajrang had walked off the venue without providing his urine sample after losing his bout. Reacting to his suspension, Bajrang said he never refused to provide his sample to NADA officials.

A U.K. High Court judge has ruled that the government acted unlawfully when it approved a plan to meet climate targets without evidence it could be delivered

The chief of staff of a Chinese businessman sought by the government of China has pleaded guilty to conspiracy charges weeks before her boss goes to trial in New York in a fraud case

—Name withheld on request As per the provisions of Income-tax Act, capital gains arising from transfer of a long-term capital asset being equity share in a company or units of equity oriented mutual fund, shall be taxed at 10% (plus applicable surcharge and cess) on capital gains exceeding ₹1 lakh, if STT (securities transaction tax) has been paid at the time of acquisition and transfer of such capital asset. LTCG arising from other capital assets are taxed as per the respective/applicable provisions and tax rates.

smallcaps with marginal increase in risk profile. For example, as on March 31st, 2024, this index has given 27.1% returns in last 3 years compared to 26.6% by Nifty Midcap 150 index and 28.4% by Smallcap 250 index, but with volatility/risk of 16.3% v/s 16.0% of midcap and 17.7% of small-cap index.

₹1.5 lakh per accident per person. It will cover hospitalization for up to 7 days from date of the accident at all hospitals listed in the government’s Ayushman Bharat scheme.

Indian stock market: The Nifty index is showing signs of near-term bearishness as it forms a double top pattern on the daily chart, coupled with a bearish engulfing candle. This suggests a sell-on-rise approach in the market. Confirmation of the double top pattern would require follow-up selling in the upcoming week.

suspension by the National Anti-Doping Agency (NADA) on Sunday, wrestler Bajrang Punia opened up on the issue saying that never refused to give his samples to the NADA officials for the doping test. «I want to clarify the news about me being asked to take a dope test!!! I never refused to give my sample to NADA officials, I requested them to first answer me as to what action they took on the expired kit they brought to take my sample and then take my dope test. My lawyer Vidush Singhania will reply to this letter in time,» Bajrang posted from his X handle. Earlier, on Sunday, NADA suspended the wrestler indefinitely, a move that could potentially jeopardise his bid to compete in the Paris Olympics, which is scheduled to be held later this year.

Congress government in Karnataka will provide financial assistance to those allegedly sexually assaulted by JD(S) leader Prajwal Revanna, the national party said on Sunday. Congress general secretary and the party's Karnataka in-charge Randeep Singh Surjewala made this announcement at a press conference here in the presence of Chief Minister Siddaramaiah. He said former Congress president Rahul Gandhi had demanded that appropriate action be taken against the accused. «Chief Minister Siddaramaiah has announced financial assistance to the rape victims who are in hundreds, since it is a unique case which has never happened in the last 75 years,» Surjewala said.

Food Safety and Standards Authority of India (FSSAI) on Sunday clarified on reports which stated that it allows 10 times more pesticide residue level in herbs and spices, calling them false and malicious. The food regulator has said that it has one of the most stringent standards of Maximum Residue Levels (MRL) of pesticides. The MRLs of pesticides are fixed differently for different food commodities based on their risk assessments, it added.