Provident Financial News

For some advisors, tax season is well behind them. For others, the conversation about has just begun.

Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pension funds to invest more in the country.

OTTAWA — Finance Minister Chrystia Freeland introduced the 2024 federal budget on Tuesday. Some key highlights:

BJP's nominee from this seat Nitin Gadkari. Gadkari is seeking a third term from this high-profile seat, where the RSS headquarters is located. He is targeting to win by a margin of over 5 lakh votes. His main challenger is local MLA and Congress Nagpur unit chief Vikas Thakre. Nagpur, which was once a Congress bastion, has been with the BJP since 2014 when Gadkari first contested from here. Prior to that, the BJP won only once in 1996. While the BJP is counting on the development brought in by Gadkari, his personal appeal and connection, the Congress is relying on the 'DMK' (Dalits, Muslims and Kunbis) factor. Thakre is an OBC and hails from the Kunbi caste.

Insurance companies are working to provide customers with greater choice and flexibility to tailor coverage, particularly benefiting mega-risk policies initially and later extending to retail products like motor own damage cover, following a recent notification from the regulator that allows them to change policy terms, conditions, clauses and wordings. The changes could be evident from July or October renewals, as it will take some time for insurance companies to implement these and come up with new and innovative policies, said industry experts. Insurance companies were previously not equipped to free up the policy wordings. By the second fiscal quarter, they will see curated policies coming into the marketplace. So far, insurers have followed a fixed format for their policies and couldn't make many changes, even though pricing had been freed up in 2006.

Despite well-meaning efforts to offer more benefits and provide extensive financial guidance, employers have to change tack if they really want to help their workers, according to Nayya, a company that provides personalized, data-driven guidance on employee benefits.

Competition Commission of India (CCI) said on Tuesday it has cleared the acquisition of additional stake in Thyssenkrupp Industries India by Protos Engineering Company and Paharpur Cooling Towers. Thyssenkrupp Industries India mainly provides engineering, procurement and construction services to execute turnkey projects in various industries and after-sales services, the antitrust regulator said in a statement. Protos acts as an agent for companies that manufacture equipment, machinery and raw materials in sectors, including steel, cement and sugar. It is also the sole selling agent of Thyssenkrupp Industries India.

ALSO READ: US stocks mixed as Treasury yields advance Adjusted earnings, excluding the cost from the sale of the Brazilian business and some expenses tied to the cyberattack, totaled $6.91 per share. Total costs tied to the cyberattack and recovery amounted to 74 cents per share in the first quarter.

₹2.5 lakh, while that of AgustaWestland 109S, a twin-engine helicopter, has increased by about 27% to ₹3.5 lakh. Rates for Beechcraft Super King Air 250, a civil aircraft, have spiked 57% to ₹2.75 lakh an hour. Meanwhile, data from the Airports Authority of India, the body responsible for managing the country’s civil aviation infrastructure, hints at increased usage of private jets for election campaigns.

MUMBAI, NEW DELHI : Indus Towers expects Vodafone Idea to clear all its pending dues in one go, the top executive of the tower provider said on Tuesday, a day after the country's third-largest telecom operator said that the proceeds of the ₹18,000-crore follow-on public offer (FPO) would not be used for paying vendor or government dues. "We are pleased to see the positive developments on Vodafone Idea’s fundraise and expect that VI will clear over-dues of Indus in its entirety. We remain committed to supporting all our customers in their growth plans and are best positioned to do the same for VI," Indus Towers' managing director and chief executive Prachur Sah told Mint in response to queries.

Imagine that your major home appliances run on batteries. Using regular cords that plug into standard 120-volt outlets, the appliances charge themselves when power is cheapest and store enough energy so that during a blackout, you can still cook, do laundry and keep your refrigerator going, while also recharging your smartphone and ensuring your Wi-Fi router never loses connectivity.

CIBIL score is vital for young professionals since this can positively impact their ability to access credit in the future. One should avoid excessive debt, manage credit responsibly, and stay disciplined with their finances in order to achieve a strong credit score. As a matter of fact, maintaining a good credit score for young professionals is no different from other professionals.

NEW DELHI : The Delhi High Court on Tuesday intervened for release of 73.59% of Jindal India Thermal Power Ltd’s shares pledged with a consortium of lenders led by Punjab National Bank. The power company had moved a writ petition in the high court saying that although it had fully paid the resolution amount of ₹2,450 crore before the scheduled date of payment the lenders had refused to release the pledge on the shares.

₹3.4 trillion debt while working on reducing the debt servicing obligations of the highway developer, which is also the prime agency for surface infrastructure development in the country. The Centre is in talks with the NHAI’s long-term bondholders for prepayment, the second person said, also on condition of anonymity, adding the roadmaker's interest payments are taking up a big chunk of the government’s annual budget allocations. The NHAI has raised funds through fixed coupon rate bonds with tenures of five, 10, 15, 20, 25 and 30 years.

At a Treasury Committee hearing today (16 April), the chief economist of the Organisation for Economic Co-operation and Development argued it was a «good thing» the BoE was open to the review process, particularly considering that «very large errors» have been seen across central banks in recent years, including the UK. This was due to the «nature» of the large economic shocks in recent years, she added, which made it difficult for «standard» economic models and forecasts to cope, which led to errors and an inability to provide «reliable estimates». As such, she argued models «can add...

Randeep Surjewala on Tuesday from campaigning for 48 hours over his “derogatory remarks" about BJP leader Hema Malini. The poll body issued a show-cause notice to Surjewala for allegedly making "undignified, uncivilized, and vulgar" remarks about Hema Malini.

Book of meme was the fastest moving meme coin to date. Faster than Doge or SHIB. This coin stands out as a refreshing addition to the meme coin universe, intertwining wit and wisdom to create a truly unique digital asset.

UAN) is the identity number for all EPFO (Employees’ Provident Fund Organisation) subscribers which works like PAN for income tax payers. It works like a common identification ID for EPF subscribers who may have multiple employers in quick succession. This effectively means subscribers can have numerous member IDs given by as many employers but only one UAN.

UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance

Aditya Birla Capital Ltd (ABCL), the non banking finance company (NBFC) of the $65 billion cement to fashion group, plans to double its customer base in the next three years riding on a new digital application which will allow the company to lend, sell insurance and also offer payment solutions to customers. The financial services company expects to add 30 million new customers in the next three years, tapping dealers, vendors, distributors besides retail customers in its ecosystem, doubling its 35 million customer base currently. Chairman Kumar Mangalam Birla said the cement to fashion group will tap the 250 million customers across the group, its 2.5 lakh MSME partners and also its 1.87 lakh workforce as it seeks to expand its financial business through the Aditya Birla Capital Digital (ABCD) application housed under a wholly owned subsidiary of ABCL. ABCD will be a separate entity at an arms length basis acting like a direct selling agent of ABCL for which it will earn fees.