Provident Financial News

21.03 / 08:29
markets COST UPS Provident Trade reports recommendations Steel stocks rally on safeguard duty proposal—but the real test lies ahead
Subscribe to enjoy similar stories. Shares of steel producers such as SAIL Ltd, Tata Steel Ltd, and JSW Steel Ltd are in focus after the Directorate General of Trade Remedies (DGTR) recommended a safeguard duty on steel imports amid rising global protectionism. The DGTR’s proposal, submitted to the finance ministry, suggests a 12% duty on most steel grades for 200 days, with exemptions for imports priced above $675 per tonne for hot-rolled coil (HRC), $824 per tonne for cold-rolled coil (CRC), and $964 per tonne for coated steel.
21.03 / 04:55
UPS Citi Provident Manufacturing Hyundai classical Features Here's a list of discounts announced by Honda, Hyundai, Citroen and Mahindra in March
Upcoming cars in India)Leading brands including Honda, Hyundai, Citroen, and Mahindra are offering special promotions, such as cash discounts, trade-in bonuses, corporate incentives, and scrappage bonuses. These deals, valid until March 31, 2025, create an excellent chance to purchase a new car at a lower price before prices rise. Below is a list of car manufacturers and their respective March discounts:Honda Cars India is offering incentives of up to ₹90,000 on models like the City, Elevate, Amaze and City e:HEV.
21.03 / 03:41
markets UPS Citi Provident Manufacturing information Hero Motocorp shares in focus on Rs 525 crore investment in Euler Motors to enter electric 3-wheeler segment
Hero Motocorp shares are set to remain in focus on Friday, March 21, after the company announced that it has made a strategic investment of up to Rs 525 crores (in one or more tranches), in Euler Motors. This move aims to provide Hero MotoCorp with a strong foothold in the fast-growing electric three-wheeler market. “Moving swiftly towards its vision, “Be the Future of Mobility”, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, will make a strategic investment into the electric three-wheeler category by acquiring a significant stake in Euler Motors. The Company's board has approved a strategic investment of up to Rs. 525 crore (in one or more tranches), in Euler Motors Private Limited,” the company informed the stock exchanges.
21.03 / 03:41
Citi Provident Man Parke Metro Traffic Bengaluru man, born and raised in the city, thinks living in India's Silicon Valley has become 'irritable'
In the post, he explained, how, after relocating to Rajarajeshwari Nagar three years ago, he saw another face of his beloved city. His daily commute to his office near MG Road had become a significant factor in his frustrations, leading him to reflect on the changing nature of the city. For years, his family had relied on personal vehicles as their primary mode of transportation, finding it both convenient and efficient. Lately, he argued, navigating Bengaluru's roads had become increasingly cumbersome. The pollution, particularly dust, had worsened to an alarming degree.
21.03 / 03:41
Provident Citizens Platform Research innovations information Courts Legal-Tech for a Developed India: Lexlegis.ai’s Role in Viksit Bharat@2047
Balancing Technology, Judiciary Workload, and Legal Ethics for a Better India
20.03 / 22:51
Provident Discover Research track rock information Schools This boulder in Australia has 66 dinosaur footprints. This is not it. Here’s what makes it really special
dinosaur footprints on a boulder displayed at a high school. The footprints, dating back to the early Jurassic period, provide valuable information about the types of dinosaurs that lived in the region.
20.03 / 22:51
Provident Corona Photos social hospital Updates As Pope Francis battles health issues, wild conspiracy theories and speculation spiral out of control
Simone Basile, a self-styled “influencer” known as the “8th King of Rome,” disguised himself to infiltrate the Rome hospital where Francis is being treated. Basile, a former funeral worker, livestreamed his attempt to “expose” the pope’s absence, despite Vatican officials sharing daily health updates, photos, and even an audio recording of Francis.
20.03 / 19:57
markets Provident FIVE Progressive Manufacturing CEO Enterprise Hindalco eyes 40% of its earnings from downstream ops in 4 years: Satish Pai
Hindalco's downstream operations are likely to bring in as much as 30-40% of the company's earnings before interest, tax, depreciation and amortisation in three-four years, its chief executive told ET. These operations — copper, downstream aluminium and speciality alumina — currently account for about 10% of the company's Ebitda, Satish Pai said. Once this mix changes, Hindalco's downstream businesses are likely to have an enterprise value of 8-9 times their Ebitda, while the upstream business may continue to be valued at six times. «In India, the downstream players are valued much higher. So that is where the whole game is,» Pai said. Capital-intensive sectors such as metals are generally valued using the EV/Ebitda valuation. Hindalco, a $26 billion company and the world's largest producer of aluminium by revenue, on Thursday unveiled a new brand identity, terming itself an engineered solutions provider instead of a materials supplier. «Hindalco's new identity reflects our role as a catalyst for change, a problem solver, and a co-creator of new solutions that power progress across industries,» chairman Kumar Mangalam Birla said at the launch.
20.03 / 19:57
markets UPS Provident FIVE Trade country reports Bain Capital set to jointly own Manappuram Finance
Manappuram Finance and become joint owner of the shadow lender that's the country's second-largest gold loan company. The acquisition will take place through a primary infusion and a secondary sale of shares by the current promoter family, led by managing director and chief executive officer VP Nandakumar, the companies said in a press release. He and his family own 34.73% of the non-banking finance company (NBFC). As part of the transaction, Bain Capital entities-BC Asia Investments XXV and BC Asia Investments XIV-will invest ₹4,385 crore to acquire an 18.6% stake via preferential allotments of equity and warrants at ₹236 per share, a premium of about 30% over the six-month average trading price. The transaction will trigger a mandatory open offer for the purchase of an additional 26% stake on an expanded capital basis (excluding warrants).
20.03 / 17:37
Provident Thrown into the deep
existentialism, 'bad faith' is a psychological phenomenon where a person behaves inauthentically by acting against his intrinsic character due to societal pressure. In contrast, 'authenticity' is when a person exercises his innate free will and behaves according to his core values despite pressure to conform to societal norms.
20.03 / 17:37
markets UPS Citi Provident Manufacturing Research Hero MotoCorp to invest up to Rs 525 crore in Euler Motors for 32.5% stake
Hero MotoCorp has announced a strategic investment of up to Rs 525 crore in three-wheeled electric commercial vehicle maker Euler Motors. The investment, to be made in one or more tranches, will give Hero MotoCorp a 32.5% stake in Euler Motors on a fully diluted basis, according to a stock exchange filing on Thursday. “Our strategic investment in Euler is a bold step towards realising our vision to «Be the Future of Mobility.» This investment reinforces our commitment to accelerated growth through both organic and inorganic expansion while highlighting the power of collaboration and adaptability in an ever-evolving market," said Pawan Munjal, executive chairman, Hero MotoCorp.
20.03 / 17:37
markets Provident Platform Parke Matrix show exclusive Puravankara Chairman buys office space in Mumbai’s Andheri for Rs 242 cr
Puravankara Ltd, bought Rs 242.1 crore worth of commercial properties totalling more than 104,000 sq ft carpet area in Mumbai’s western suburb Andheri from Rockfort Estate Developers, an HLV Group promoter company. The transaction, concluded on Wednesday, includes a dozen commercial units on the 7th, 8th, and 9th floors of commercial complex Business Park 2 in Marol locality of the suburb. The company had to pay a stamp duty of around Rs 14.5 crore to register the deal. The acquisition provides Puravankara with exclusive access to over 135 car parking slots in the commercial complex, showed documents accessed through data analytics platform CRE Matrix.
20.03 / 17:11
markets UPS Provident Booking Software information reports Accenture becomes first IT services company to call out macro uncertainty
Subscribe to enjoy similar stories. Dublin, Ireland-headquartered Accenture Plc became the first IT industry major to call out macroeconomic uncertainty in the US, the world’s top technology market, during a post-earnings interaction with analysts on Thursday. The early alert, coming in the backdrop of disappointing quarterly earnings in the second quarter (December-February) of the world’s biggest information technology (IT) services company, signals possible tough times ahead for both global as well as the Indian IT industry.
20.03 / 17:09
Provident Citizens security Bill country guidelines rights Kerala becomes first Indian state to establish senior citizens commission
Pinarayi Vijayan said on Thursday. Hailing the law enacted on Wednesday, the Chief Minister said this new commission would focus on protecting the rights, welfare, and rehabilitation of the elderly. «The LDF government is implementing policies that wholeheartedly embrace senior citizens. Kerala, which ranks first in the country in elderly welfare, is setting another example in this field. »To strengthen the initiatives launched for senior citizens since the previous government's tenure, the state is now establishing the country's first-ever Senior Citizens Commission. As a step towards this, the Kerala Legislative Assembly passed the Kerala State Senior Citizens Commission Bill yesterday (Wednesday)," Vijayan said in a Facebook post. He said that with the establishment of this commission, «we will be able to ensure the rehabilitation, security, and welfare» of senior citizens more effectively. «The commission will prioritise addressing the hardships faced by the elderly, including neglect, exploitation, and loneliness. It will be responsible for providing the necessary guidelines to tackle these issues,» Vijayan said.
20.03 / 16:27
Provident Target security Justice Department rights Two task forces to look into changes in Atomic Energy Act and nuclear liability law
In written replies to questions in the Rajya Sabha, Minister of State in the Prime Minister's Office (PMO) Jitendra Singh said the first task force comprises members from the Department of Atomic Energy, Atomic Energy Regulatory Board, Nuclear Power Corporation of India Limited (NPCIL), Niti Aayog, Ministry of Law and Justice and Ministry of External Affairs. «The Task Force is looking into various aspects like build, own, operation of nuclear power plants by the private sector, nuclear safety, security, safeguards, fuel procurement/fabrication, waste management, spent fuel reprocessing,» Singh said. He said a separate task force is also looking into the Civil Liability for Nuclear Damage (CLND) Act to address the concerns raised by private suppliers. The CLND Act is considered to be the biggest hurdle to private sector participation due to a provision in it that pins liabilities on nuclear suppliers, in addition to the operator, in case of damage.
20.03 / 16:27
markets Provident security wellness cover Relationships International Nisus Fund makes exits from Shapoorji Pallonji Real Estate subsidiary
Real estate credit fund Nisus Finance’s Real Estate Special Opportunities Fund – 1 (RESO-I) has made an exit from a wholly-owned subsidiary of Shapoorji Pallonji Real Estate (SPRE) with an internal rate of return (IRR) of 18.74%, marking the fund’s maiden exit. RESO-I had invested Rs 105 crore into senior secured rated listed non-convertible debentures (NCDs) issued by Suvita Real Estate, a subsidiary of SPRE, in January 2024. These Debentures were listed in the wholesale debt segment of the Bombay Stock Exchange. The entire NCDs were redeemed by the developer Issuer through internal accruals and capitalization by SPRE.
20.03 / 16:01
Provident WhatsApp Justice Diversity social information Courts Of 715 HC judges appointed since 2018, 22 belong to SC category: Govt
Law Minister Arjun Ram Meghwal also said that appointments of judges to the Supreme Court and the 25 high courts are made under provisions of the Constitution, which do not provide for reservation for any caste or class of persons. The government is committed to enhancing social diversity, Meghwal said.
20.03 / 16:01
markets UPS Provident Mobile Sustainability innovations Hero MotoCorp enters electric three-wheeler biz with investment worth Rs 525 crore in Euler Motors
Hero MotoCorp has approved an investment of up to Rs 525 crore in Euler Motors Private Limited, marking the company’s entry into the electric three-wheeler market. The investment will be made in one or more tranches and aims to provide Hero MotoCorp with a foothold in the growing electric vehicle sector, where electric three-wheelers are projected to account for 35% of total sales in the near future, the company said in an exchange filing on Thursday. «Our strategic investment in Euler is a bold step towards realizing our vision to 'Be the Future of Mobility.' This investment reinforces our commitment to accelerated growth through both organic and inorganic expansion, while highlighting the power of collaboration and adaptability in an ever-evolving market. As a global automotive leader, Hero MotoCorp is driven by sustainability, innovation, and customer-centric progress,» said Pawan Munjal, Executive Chairman of Hero MotoCorp.
20.03 / 16:01
Provident FIFA CBS country reports shock Sporting USMNT vs Panama: Concacaf Nations League semi-final time, schedule, prediction and more
Concacaf Nations League semi-finals will get underway on Thursday, March 20, with three-time reigning champion United States (USMNT) looking forward to its fourth consecutive final. The United States is pitted against Panama, while the other match will see Canada eying its first major trophy in nearly 25 years if at all it manages to overcome the challenge of Mexico.
20.03 / 16:01
Provident President War Justice consequences Department Courts Trump administration due to respond on deportations as judge weighs possible violations
Washington-based U.S. District Judge James Boasberg has given the administration until noon (1600 GMT) to either provide specifics on when the deportation flights took off and landed so he can determine whether they violated his order, or to invoke a legal doctrine involving state secrets to avoid sharing those details and explain their reasons for doing so. Boasberg gave the Justice Department the option of giving him the flight details under seal, meaning they would not be made public. But the judge expressed skepticism that the state secrets doctrine — which protects sensitive national security information from being disclosed in civil litigation — was applicable, given that U.S. Secretary of State Marco Rubio posted details of the flights on social media.

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