Provident Financial News

PTI . The Mathura MP referred to herself as the "Gopi of Krishna" and said that since Lord Krishna loves the "Brijwasis," she believes that he will shower his blessings on her only if she serves them sincerely.

By Hiren Shah and Alpa Shah

The Employees’ Provident Fund Organisation (EPFO) has enhanced the existing eligibility limit of auto claim settlements under Paragraph 68J to Rs 1 lakh from Rs 50,000 erlier, according to a circular issued on Tuesday.

SDLG, a member of Volvo Group, which offers sustainable solutions to construction, earthmoving, infrastructure and mining projects has inaugurated its first manufacturing facility in Bengaluru, India. 

iZooto, the world’s first marketing automation platform exclusively for publishers, has signed an agreement today with Comscore, a global partner for planning, transacting and evaluating media across platforms. This strategic partnership paves the way to deliver precise traffic and revenue insights to publishers. iZooto has been at the forefront of helping over 15,000 publishers globally generate over 300 billion user interactions, effectively engaging and retargeting users in the past seven years. In this period, iZooto has emerged as one of the primary drivers of publisher traffic in India.

Investing in real estate is a significant financial decision that requires careful consideration and planning. One of the key dilemmas faced by potential investors is choosing between purchasing a plot of land or buying an apartment. Both options offer unique advantages and challenges, and understanding the nuances of each can help investors make well-informed decisions aligned with their personal finance goals.

Sterling Tools Limited, the automotive fastener manufacturer, through its subsidiary, Motor Control Units (MCUs) in India, has signed a Memorandum of Understanding (MoU) with South Korea’s Yongin Electronics Co Ltd, a supplier of components to theHyundai Kia Motor Group. 

Banks and credit card companies offer a variety of reward point programmes on their respective credit cards. Under these programmes, customers earn points based on their credit card spending. Different cards come with different offers. Once a customer accumulates a certain number of points on their cards, they can redeem these points for various benefits such as vouchers, cash back, air miles and other benefits.

Delhi-based Numax Realcon Consortium has been granted the licence by the Muzaffarnagar Development Authority to develop an integrated township on 77 acres of land in Muzaffarnagar.

Corporate fixed deposits (FDs) are currently offering attractive interest rates on tenures up to 5 years. FDs issued by housing finance companies and non-banking financial companies fall under the corporate fixed deposit category. Corporate fixed deposits yield better returns than most bank fixed deposits. Take a look at these top 5 corporate FDs in April 2024:

Anti-incumbency might make this Lok Sabha poll battle from Mandla a bit tough for Union minister and six-term MP Faggan Singh Kulaste, who faced defeat in the 2023 Madhya Pradesh assembly elections, political analysts claim. While the BJP and analysts feel the 'Modi factor' would work in favour of Kulaste, the Congress claimed he has not worked for the welfare of tribals. Senior BJP leader Kulaste, the sitting MP from Mandla (ST-reserved) in the state's Mahakoshal region, is pitted against Congress' Dindori MLA Omkar Singh Markam. The Mandla Lok Sabha seat, where polling will be held on Friday, includes eight assembly segments — six reserved for the Scheduled Tribes and one for the Scheduled Caste candidates.

Hyundai Motors India was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 15.1 lakh to Sukhjinder Singh, an owner of a Hyundai Verna car. This judgement came after Hyundai Motors India failed to rectify the car's problem and instead decided to fight against the legal order to replace the car's engine, in various consumer forums for almost 10 years. This long legal fight, was ultimately lost by Hyundai Motor India, in which the commission concluded that the manufacturer needed to replace the car's engine. However, considering the time taken for this fight to conclude, NCDRC ordered Hyundai Motors India to refund the car's purchase price plus accumulated interest to Singh. «In the present case, the car was purchased on 17.08.2011. As on date, over 13 years in its usable life have already lapsed. Even if the engine is replaced today, its utilisation is for a very limited time and the Complainant will not be able to benefit from the investment he made. This situation emerged due to non-compliance of the order of the District forum by Hyundai Motor India LTD on 17.06.2016 to replace the engine of the car,» said NCDRC at the case's hearing.

Train number 06005/06006, the Dr. MGR Chennai Central train, will depart at 5:35 am on April 18 (Thursday) and April 20 (Saturday). It is scheduled to arrive at its destination, Whitefield, at noon on the same day.

Also Read: Mutual fund assets skyrocket 35% in FY24, revealing key March trends One strategic avenue for securing the financial future of younger siblings is through mutual fund systematic investment plans (SIPs). These plans offer a generous gesture and a strategic move toward long-term financial security.

The Association of Mutual Funds in India (Amfi) and Boston Consulting Group (BCG) published a report in August 2019 titled Unlocking the ₹100 Trillion Opportunity. The mutual fund (MF) industry had under ₹25 trillion of assets under management (AUM) in July 2019. We have come a long way since then. The industry's AUM has more than doubled to ₹55 trillion as of March 2024 and mutual funds have millions of new investors now. The journey was made possible by a strong regulatory framework, which safeguards the interests of investors.

VerSe Innovation, the parent firm of online news aggregator Dailyhunt and short-video platform Josh, on Wednesday said it has acquired New York-based digital magazine store Magzter. Founded in 2011, homegrown Magzter is a cross-platform, self-service, global digital newsstand with a library of over 8,500 premium magazines and newspapers. The deal, financials of which went undisclosed, marks Dailyhunt’s foray into premium content.

Mint. According to a Bain Capital report released this March titled ‘India Venture Capital Report 2024’, even as fund-raising slowed to $4 billion in 2023, domestic VCs stepped up, driving more than 90% of the fund-raising and, significantly, launching several thematic funds focused on emerging themes. While sector-specific funds have existed for some time, it is only now that they are coming centre stage, as investors become more discerning and look to make targeted bets in sunrise industries to maximize returns on capital deployed.

An Army general who investigated the abuse of prisoners 20 years ago at Iraq’s infamous Abu Ghraib prison has testified that a civilian contractor instructed prison guards to “soften up” detainees for interrogations

Authorities in Canada say they have made arrests in the theft of a cargo container that included gold and other items worth over 20 million Canadian dollars — about $14.5 million — that were stolen from Toronto’s Pearson International airport a year ago

Sometimes you need to buy a car you’ve never seen

The Security Alliance (SEAL), a team of white-hat hackers, bolsters its efforts to secure the crypto space by launching SEAL-ISAC, a threat-sharing platform. Since its establishment in 2023, the SEAL team has recovered over $50 million in stolen assets.