Provident Financial News

Nyay Patra'. In his two-page letter, he told the prime minister that he is being misinformed by his advisers about things that are not even written in the Congress' manifesto for the Lok Sabha elections. The Congress' 'Nyay Patra' aims at providing «nyay (justice)» to the youngsters, women, farmers, labourers and marginalised people across all castes and communities, he said. The Congress chief said in his letter to the prime minister, «It has become your habit to seize on a few words taken out of context and create a communal divide. You are lowering the dignity of the chair by speaking in this manner.»

lithium processing, said four sources familiar with the matter, to bolster its nascent lithium mining and electric vehicle industries and avoid relying on China. India's Ministry of Mines began discussions with Australia and the United States last year, said the four sources, two from India's government and two industry participants. The Indian government and some private companies have also sought help from Bolivia, Britain, Japan, and South Korea, said the sources, who did not wish to be identified as the discussions were not public. Executives from Russia's TENEX, part of state-owned nuclear energy company Rosatom, approached the Indian government and have held at least two meetings with Indian officials this year, offering lithium processing technology and the possibility of collaborating with Indian companies, said one of the sources, a senior government official with direct knowledge of the plans.

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The Employees’ Provident Fund Organisation (EPFO) announced the interest rate on employees’ provident fund for FY2023-24 in February. The retirement fund body raised the interest rate by 10 basis points (bps) to 8.25% for the last fiscal year, 8.15% in the preceding year. This is the highest interest rate on EPF deposits in the last three years.

Nestlé India and Dr. Reddy’s Laboratories Ltd on Thursday announced that they have entered into a definitive agreement to form a joint venture to bring innovative nutraceutical brands to consumers in India and other agreed territories.

In a big setback for Kotak Mahindra Bank, the Reserve Bank of India (RBI) has restricted the private sector bank from onboarding new customers through digital channels and issuing fresh credit cards, according to a press release issued by the apex bank on Wednesday.

PM Awas Yojana Update: The Centre is reportedly planning to widen the scope and size of its flagship scheme Pradhan Mantri Awas Yojana (PMAY). Now shopkeepers, traders and self-employed will also be brought under the ambit of the scheme, part of the ‘Housing for All’ mission of the central government, CNBC-TV18 reported citing sources.

Laboratory service provider Labcorp on Wednesday announced that it will acquire Softbank-backed Invitae Corp’s assets auctioned through a voluntary bankruptcy protection process, a few months after the genetic test maker filed for bankruptcy.

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However, the weak discretionary spending will weigh on the overall performance, according to analysts. Consolidated revenue is expected to rise 0.5% sequentially and 7.5% year-on-year (YoY) to Rs 28,599 crore, according to the average of estimates given by 10 brokerages.

Maharashtra Bhavan will be built in Jammu and Kashmir and with the Centre's support, no one will dare to oppose it. Speaking at a rally in Maharashtra's Amravati district on Wednesday, Shinde claimed that National Conference leader Omar Abdullah has opposed the construction of the Maharashtra Bhavan in Kashmir. «The state government has received land in Kashmir for building the Maharashtra Bhavan. Prime Minister Narendra Modi and Union Home Minister Amit Shah are with us. So no one will dare to oppose it,» the CM said. CM Shinde last year requested Jammu and Kashmir Lt Governor Manoj Sinha for a land parcel to construct the Maharashtra Bhavan to provide accommodations and facilities for tourists and officials from the state visiting the Valley.

financial markets, is a testament to this. In algorithmic trading, even microseconds matter. Amidst the staggering data volumes, sentiment analysis decodes market sentiments in real-time.

Grocery price inflation may finally be slowing across Canada, but as some food costs remain high, a new report has found many are open to consuming “risky foods” despite the potential health risks.

The top three schemes offered an absolute return of more than 100% in the last three years. ICICI Prudential Dividend Yield Equity Fund, the topper in the category, gave an absolute return of 133% in the last three years. HDFC Dividend Yield Fund gave an absolute return of 111% in the said period.

'inheritance tax' in India, an old video featuring Nikhil Kamath, co-founder of Zerodha, where he is discussing the issue with Mint, has surfaced. In the video, Kamath expresses his support for inheritance tax in India. “When wealth is passed down from one generation to another, there needs to be a mechanism in place to redistribute a portion of it.

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₹ ₹1,658.75 apiece on the BSE. RBI on Wednesday directed Kotak Mahindra Bank to cease onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect. The central bank has barred the private sector lender from new issuances due to deficiencies in the bank’s IT system in 2022 and 2023.

Vodafone Idea FPO share price opened at ₹11.80 per share, 7.27% higher on NSE than the issue price of ₹11. On BSE, Vodafone Idea FPO share price today opened at ₹12 apiece, up 9% than the issue price.

The National Testing Agency (NTA) has announced the results for the Joint Entrance Examination (Main) Session 2 of 2024. Students who took part in the April session can view their scorecards on the official website at jeemain.nta.nic.in. Earlier, on Monday, April 22, the NTA published the final answer key for the JEE Main 2024 Session 2 exam, which candidates can download from the official site.