Provident Financial News
28.04 / 12:41
UPS
Provident
Fighting
Election
President
rights
BJP with its '400 paar' slogan misunderstood public mood, won't win any seat in 3rd phase: Akhilesh Yadav
Samajwadi Party president Akhilesh Yadav on Sunday claimed the BJP will not win any seat in the third phase of the Lok Sabha polls and that the ruling party misunderstood the «direction of the wind» when it made its slogan of «400 paar». Addressing a rally in Sambhal, Yadav also said the Samajwadi Party had an advantage in the third phase, saying that elections on May 7 will be held between Sambhal and «his home» in Etawah and Mainpuri. «BJP people did not know the direction of the wind, so they kept saying '400 paar' (winning over 400 seats) and when they realised the public sentiment after the two phases of the election, BJP forgot its slogan,» the former UP chief minister said. «The wind that came from the west (western UP) in the first phase will change the BJP government. The similar trend was seen in the second phase also. People are not accepting the BJP,» the SP chief said.
28.04 / 12:41
UPS
Provident
BLOCK
poverty
cover
Mississippi legislative leaders swap proposals on possible Medicaid expansion
Mississippi Senate leaders are saying for the first time that they are willing to expand Medicaid to the full level allowed under a federal law signed 14 years ago by then-President Barack Obama
28.04 / 12:41
UPS
Provident
community
Universities
social
recommendations
volunteers
How to design a volunteering program in your workplace
More workplaces are bolstering their volunteer programs, especially as employee demands grow for socially responsible employers and engagement
28.04 / 12:35
UPS
Provident
Target
economy
Election
reports
In 10 charts: Where the Modi government's biggest bets of each year stand today
“Election Pitch" data series, we pick one significant reform from each year the current government was in power, and check where things stand now. A decade after its launch, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has over 520 million accounts with a total balance of around ₹2.32 trillion. The scheme provides a zero-balance bank account, a RuPay debit card and ₹1-lakh accident insurance.
28.04 / 12:35
markets
Provident
CEO
trends
performer
reports
The good, bad and ugly: Decoding the IT pack’s Q4 show
"When sorrows come, they come not single spies, but in battalions." —William Shakespeare, Hamlet The higher the climb, the harrowing the descent. If there is one sector which is experiencing this truism, it is information technology. From the heady days of the pandemic-triggered digital boom, to the current slowdown due to growth headwinds in the West, the country’s $250-billion IT sector has traversed a full cycle over the past few quarters.
28.04 / 11:29
UPS
Provident
Analysis
Enterprise
Deloitte
Bill
country
Indian MNCs have to start accounting for global minimum tax liabilities
Mint, Deloitte said that given the implementation of the Global Anti-Base Erosion (GloBE) rules in these countries from 1 January, Indian headquartered multinational business groups with a presence there will be required to comply with the GloBE rules even if New Delhi is yet to implement it. Accordingly, Indian multinational groups will have to provide for top-up tax, if applicable, in their financial statements for the year ended 31 March 2024, Deloitte said in its analysis.
28.04 / 11:29
Citi
Provident
Platform
Enterprise
wellness
audience
2020
After Magzter, Dailyhunt-parent to pursue acquisitions more aggressively
₹1,456 crore, the company's latest filings sourced from Tofler showed. To sustain growth, VerSe has also been innovating. It introduced Xpresso, an artificial intelligence-driven newsfeed in local languages, tailored for younger audiences.
28.04 / 11:13
UPS
Provident
Waters
Pride
country
Department
India sends holy Sarayu water to Sri Lanka for consecration ceremony of Seetha Amma temple
Sri Lanka for the consecration ceremony of Seetha Amma Temple, dedicated to Goddess Sita. The consecration ceremony of Seetha Amma Temple will take place on May 19. The decision came following a letter from Sri Lanka's representatives to the Uttar Pradesh government, requesting Sarayu river water for religious ceremonies and the consecration of Goddess Sita's idol at the temple.
28.04 / 11:13
UPS
Provident
WhatsApp
country
reports
ITPCL debt restructuring: NCLAT rejects SBI's objection on liquidation value provided by PNB
NCLAT has rejected SBI's pleas opposing the liquidation value of ITPCL provided by the debt-ridden firm's lead banker PNB and said the country's largest lender cannot «wriggle out» the debt restructuring process of the IL&FS group's thermal power company. The National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications moved by SBI and said it does «not find any error in fixing the liquidation value as of 30.09.2018» of IL&FS Tamil Nadu Power Company Ltd (ITPCL). The appellate tribunal observed that as per the RBI circular, an Inter-Creditor Agreement has been entered between the lenders.
28.04 / 11:13
28.04 / 10:09
COST
Provident
Target
Cooper
country
Destinations
India relaxes ban on onion exports, allows shipments to 6 neighbouring countries including UAE
ALSO READ: India approves export of 10,000 tonnes of onion each to Sri Lanka, UAE On December 8, 2023, the Indian government had banned export of onions. The ban on export of onions was imposed to ensure adequate domestic supply against the backdrop of estimated lower Kharif and Rabi crops in 2023-24 compared to the previous year.
28.04 / 09:37
COST
UPS
Provident
wellness
performer
Vedanta best-placed to ride rising commodity prices, say analysts
Vedanta Ltd is likely to see less pressure on cash flows after liability management at the holding company level and is now best placed to ride rising commodity prices, analysts said. Improved performance in aluminium, power and zinc enabled the company to turn in EBITDA of Rs 87,600 crore in the January-March quarter, up by 4 per cent quarter-on-quarter. The improved performance was attributable to lower cost of production in aluminium and zinc and higher sales volume, partially offset by softer zinc prices. Despite marginal delays, Vedanta is set to complete its alumina/aluminium/ international zinc expansion during the current fiscal year (FY25), which will provide visibility around volume growth and cost reduction FY26 onwards. The start of coal mines in FY26 shall further lower its aluminium cost of production. In a post earnings note, Nuvama Institutional Equities said management is moving ahead to demerge the businesses by end of current fiscal (April 2024 to March 2025). The vertical split of its businesses into six listed entities can yield Vedanta higher-than-the-current value.
28.04 / 09:37
Provident
SUN
trends
cover
recommendations
prevention
Best SPF Infused Makeup for Summer in India for Addition Sun Protection (2024)
If you are on the lookout for something similar, then we suggest you go through our article where we have created a list of the SPF infused makeup for summer. We have incorporated a list for tinted moisturisers, BB creams, CC creams, sunscreen sprays and lip balms with SPF. All of these options are rated highly by their users and we suggest you give it a shot too. Read more about other skin care productsin the beautysection on the Top Trending Productspage. Read about the Best SPF Infused Makeup for Summer in India below.
28.04 / 09:33
UPS
Provident
FIVE
Racing
performer
track
cover
Mantra
Why a chemical engineer’s simple money mantra attracts thousands of followers
Asan Ideas of Wealth, follows the unified portfolio approach. All his savings are invested in just two mutual funds—the Nifty50 index fund, and the Gilt Fund. The 53-year-old, a chemical engineer at a Gujarat-based fertiliser company, aims to maintain 50% allocation each in equity and debt.
28.04 / 09:05
COST
Provident
Google
CEO
War
Sundar Pichai has firmly put down an employee rebellion at Google
It has become clear over the last year that Silicon Valley companies, which could keep Wall Street happy with enormous growth alone, finally had to embrace the real world. This meant layoffs, cost savings and doubling down on profit. It also meant trimming wild moonshot ideas that sounded cool but burnt cash.
28.04 / 07:33
UPS
Provident
Target
trends
Trade
country
AU Small Finance Bank aims to double balance sheet to Rs 2.5 lakh cr in 3 years: MD Sanjay Agarwal
AU Small Finance Bank is targeting to double its balance sheet size to Rs 2.5 lakh crore in three years, helped by the acquisition of Fincare SFB and the growing consumption trend in the country. The bank earlier this week operationalized Authorised Dealer (AD-I) license with foray in forex with 'AU Remit' and Cross-border Trade with 'AU DigiTrade'. «We are targeting a growth of 25 per cent in the next three years and we should double the balance sheet size to Rs 2.5 lakh crore by the time we complete one decade of existence,» AU Small Finance Bank managing director Sanjay Agarwal told PTI. The bank started its business in 2017, with a balance sheet size of Rs 10,000 crore, which has now crossed Rs 1.25 lakh crore. Human resources has gone up from just 3,000 to 46,000 during the same period, he said.
28.04 / 07:07
UPS
Provident
FIVE
country
reports
Foreign talent to make up for unskilled bureaucrats in Pakistan: Report
Pakistan's Cabinet has relaxed rules to hire foreign consultancy firms to make up for 'unskilled' bureaucrats and speed up official efforts to bring investment for various projects in the cash-strapped country from the Gulf and other nations, according to a media report. The decision was taken to support the Special Investment Facilitation Council (SIFC), the top civil-military body created last year to bring investment into the country. According to The Express Tribune, the Cabinet relaxed the public procurement legal framework to hire foreign consultancy firms to strengthen the SIFC to prepare various projects before offering them to foreign investors.
28.04 / 06:55
markets
Provident
Action
security
social
reports
recommendations
Shareholders of ICICI Securities lodge lawsuit with NCLT over delisting proposal: Report
ICICI Securities, from Indian stock exchanges, according to report by The Economic Times. In the previous month, approximately 72% of shareholders gave their approval for the scheme of arrangement facilitating the merger of ICICI Securities with its parent company, ICICI Bank.
28.04 / 06:55
Provident
DNA
Food
wellness
Everest
Fishing
stage
NOT
'We do not use ethylene oxide': MDH refutes cancer-causing pesticide allegations by Hong Kong, Singapore
Also Read | India seeks 'root cause of rejection' from Singapore, Hong Kong over ban on Everest, MDH masala The CFS issued a warning against the sale and purchase of MDH's Madras Curry Powder and Sambhar Masala, as well as Everest's Fish Curry Masala. In response, MDH stated, "We have not been approached by food safety authorities in either Hong Kong or Singapore about these findings." Also Read | Do MDH, Everest masala cause cancer? Why have Hong Kong, Singapore banned some Indian spices? Explained MDH reassured consumers, stating, "We do not use ethylene oxide at any stage of our spice production.
28.04 / 05:05
UPS
Provident
Williams
Ball
WhatsApp
IPL 2024: Mumbai Indians wicketkeeper Ishan Kishan reprimanded
Mumbai Indians' wicketkeeper-batter Ishan Kishan has been reprimanded and fined 10 per cent of his match fees for breaching the IPL Code of Conduct during their Indian Premier League (IPL) 2024 match against Delhi Capitals at the Arun Jaitley Stadium, Delhi on Saturday. Kishan committed a Level 1 offence under Article 2.2 of the IPL's Code of Conduct. He admitted to the offence and accepted the Match Referee's sanction. For Level 1 breaches of the Code of Conduct, the Match Referee's decision is final and binding. In the match, Jake Fraser-McGurk's powerful knock, followed by Rasikh Dar Salam, Mukesh Kumar and Khaleel Ahmed's supercharged pace attack helped Delhi Capitals (DC) defeat Mumbai Indians by 10 runs in their Indian Premier League (IPL) 2024 match here at the Arun Jaitley Stadium on Saturday.
28.04 / 03:55
COST
Provident
Aware
Action
cricket
fencing
Ishan Kishan admits to violating IPL Code of Conduct during MI vs DC clash, fined 10 percent of match fees
IPL 2024: Hardik Pandya questions Tilak Varma's 'match awareness' during DC vs MI clash, says 'cost us the game' In a statement released on Saturday, BCCI stated, “Kishan committed a Level 1 offence under Article 2.2 of the IPL's Code of Conduct. He admitted to the offence and accepted the Match Referee's sanction," “Level 1 offence under Article 2.2 of the IPL's Code of Conduct".
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