Provident Financial News
02.04 / 23:15
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Former AssetMark CEO Ahluwalia joins Hightower as president
There’s a new face and title at Hightower Advisors.
02.04 / 21:09
Provident
CEO
Platform
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information
Luma forges annuity management alliance with Pershing
Luma Financial Technologies is helping more advisors get access to its annuity management capabilities through a new partnership.
02.04 / 21:03
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Swimming
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composer
Features
'Jellyfish Can't Swim in the Night': All you may want to know
HIDIVE's upcoming anime "Jellyfish Can't Swim in the Night" is set to premiere in Spring 2024, creating a buzz among fans. With animation by Doga Kobo, known for the popular series «Oshi no Ko,» this original coming-of-age ensemble drama promises to be a highlight of the year. About the series
02.04 / 19:19
markets
COST
Provident
FIVE
performer
reports
audit
Audit fees growth lags corporate expansion in India
Audit fees for Nifty 500 companies increased by a modest 28% between 2018 and 2023, indicating that they have lagged behind their growth and operational performance, as market capitalisation grew 92.75%, net sales rose 83.7%, and profit after tax (PAT) increased 126.2%. According to data provided by Prime Database, audit fees grew from ₹1,114 crore in FY18 to ₹1,430 crore in FY23 for Nifty 500 companies and from ₹404 crore to ₹466 crore for Nifty 50 companies. While the audit fee hike is marginal, the sharply increasing complexity in business operations, heightened regulatory oversight on listed companies, growing complexity in reporting requirements, and escalating talent and organisation costs every year are putting auditors in a tough spot.
02.04 / 19:01
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'An era comes to an end’ Mallikarjun Kharge writes as Manmohan Singh retires from Rajya Sabha. Full letter here
As you retire today from the Rajya Sabha after having served for more than three decades, an era comes to an end. Very few people can say they have served our nation with more dedication and more devotion than you. Very few people have accomplished as much as you for the nation and its people. Personally, it has been a privilege for me to have been a part of your cabinet. Over the last 10 years, while I have been the leader of the Congress Party in the Lok Sabha and the Rajya Sabha, you have always been a source of wisdom and someone whose advise I valued. Over the last few years, you have made it a point to be available for the Congress party despite personal inconveniences. For this, the party and I will always remain grateful. You have shown that it is possible to pursue economic policies that were equally beneficial to large industries, young entrepreneurs, small businesses, the salaried class and the poor. It was you who showed that even the poor can participate in the nation's growth and be lifted out of poverty. Thanks to your policies, India was able to lift 27 crore people, the highest number of poor people out of poverty in the world while you were the Prime Minister. The MGNREGA scheme launched under your government continues to provide relief to the rural workers during times of crisis. The nation and particularly the rural poor will always remember you for ensuring that they can earn a living and live with self-respect through this scheme. The patriotic legacy of the Congress party and its spirit of sacrifice was ably demonstrated by you when you decided to pursue the Indo-US Nuclear Deal even if it meant putting your government at risk for the sake of the nation's security. This was a historic moment when
02.04 / 19:01
COST
UPS
Provident
FIVE
Mobile
Election
Electric two-wheelers weigh the cost of subsidy cuts
₹12,000 in FY25. Will it undermine growth in an industry that is already facing multiple headwinds? Mint finds out. The electric mobility promotion scheme was announced by the ministry of heavy industries in March with a duration of four months from April to July 2024.
02.04 / 19:01
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EB5 visa: ‘Partial investment option can reduce financial burden,’ expert as US Golden visas get costlier
₹3,00,000) to USD 11,160 (over ₹9,00,000). Nicholas A. Mastroianni, President and CMO, US Immigration Fund in an exclusive interview to Livemint elaborates on how it will impact ‘volume of visa applications from India’, the future outlook of the visa category in India and other details.
02.04 / 18:25
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Demat account: 10 common mistakes to avoid while investing in stock market
A demat account serves as a digital repository for your stocks and investments, eliminating the need for physical paper certificates and providing convenient management options accessible via computer or phone. It's an indispensable tool for individuals engaging in stock trading activities in India.
02.04 / 18:25
COST
Provident
security
Mobile
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Demat account: How to pledge shares? Here's a step-by-step guide
Investors have the option to leverage their securities held in their demat accounts by pledging them as collateral to obtain a loan. This process, known as pledging, allows borrowers to access funds based on the value of their securities, including shares, debentures, bonds, and mutual fund units. By offering securities as collateral, borrowers can typically secure higher loan amounts at favorable interest rates, as lenders perceive lower risk due to the underlying asset. Moreover, the process of obtaining such loans involves minimal documentation and shorter processing times compared to traditional loan applications.
02.04 / 18:25
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International
Demat account: How to invest in international stocks? Here are 4 ways
Global brands such as Apple, Netflix, Microsoft, Google, and Facebook are an integral part of our daily routines, reflecting their widespread influence on our lives. From smartphones to automobiles and consumer electronics, Indians have a penchant for owning products from these renowned international companies.
02.04 / 18:09
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How to cover tracks by virtue signalling
hypocritical paradoxes? — such as renewable energy-friendly oil'n'gas conglomerates, or sustainable development construction firms. But no one seems to bat an eyelid when it comes to the same kind of oxymorons if it comes with the right kind of pomp and tradition.
02.04 / 18:09
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acquires
Yahoo acquires Instagram cofounders' AI news platform Artifact
Yahoo said on Tuesday it had acquired Instagram co-founders' AI-driven news platform, Artifact, and will incorporate its technology across the U.S. web services provider's news and other sites. The deal signals continued pain for media start-ups struggling to grow revenue at a time when Big Tech giants Alphabet and Meta Platforms attract the bulk of advertising sales.
02.04 / 18:09
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Best fridge covers under 500 for style and protection under your budget
Read more about other Kitchen decor items on the Home decor section of the Top Trending Products page. Check out the best fridge covers under 500 below. 1. HOKIPO Eco-Friendly Handcrafted Madurkathi Fridge Cover Top HOKIPO Eco-Friendly Handcrafted Madurkathi Fridge Cover Top with Pockets, 21x52 inches, Green41% Off₹594₹999Buy Now The HOKIPO Handcrafted Madurkathi cover of refrigerator is handcrafted by skilled Indian artisans using eco-friendly river grass (madurkathi). With its innovative design, this fridge cover features six spacious pockets on each side, offering convenient storage for various household items like gloves, bills, utensils, and more. Beyond its practicality, this cover adds a touch of elegance to your kitchen decor, elevating the ambiance with its distinct texture and natural appeal. Care and maintenance are effortless, requiring only a quick wipe with a damp cloth and air drying in sunlight. Designed to fit most standard refrigerators, with dimensions of 52 inches in length and
02.04 / 18:09
02.04 / 16:59
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Software
Tesla
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PVH
Tesla, UnitedHealth Group fall; Roivant, Valero rise, Tuesday, 4/2/2024
Stocks that are trading heavily or have substantial price changes on Tuesday: Tesla, UnitedHealth Group fall; Roivant, Valero rise
02.04 / 16:43
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Fed's Mester still expects rate cuts this year, but rules out May
Cleveland Federal Reserve President Loretta Mester said Tuesday she still expects interest rate cuts this year, but ruled out the next policy meeting in May.
02.04 / 16:29
Provident
Bill
Comcast
Schools
White House makes last-ditch push for internet subsidy program
White House plans to renew a push in April to convince Congress to extend an internet subsidy program used by 23 million American households just weeks before it runs out of money, officials said. In October, the White House asked for $6 billion to extend the program through December 2024, but Congress has not funded it, potentially putting millions of households at risk of losing their internet service.
02.04 / 16:29
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Equality
UltraTech surpasses 150 million tonne of production capacity
UltraTech Cement has crossed 150 million tonne in production capacity with the commissioning of two greenfield units in Tamil Nadu and Chhattisgarh on Tuesday. The country’s largest producer of cement can now produce as much as 150% of cement produced in US, while equaling four-fifth of the total production of cement in Europe. “Reaching this milestone is symbolic of India’s ascent on the global stage and demonstrates the dynamism and scale of Indian corporations,” Kumar Mangalam Birla, chairman of the Aditya Birla Group said.
02.04 / 16:25
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Blockchain
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Invest with Confidence: Explore Healix Protocol’s HLX Token Presale Now!
In the dynamic world of cryptocurrency, finding a project that instills confidence and trust is paramount for investors seeking good opportunities. Enter Healix Protocol’s HLX Token Presale, a groundbreaking initiative all set to redefine the future of healthcare while offering investors a compelling avenue for growth. Let’s delve into why exploring the HLX Token Presale is the key to investing with confidence in today’s ever-evolving crypto landscape.
02.04 / 16:25
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Bitcoin
Bitget
Bitget Simplifies Crypto Purchases in India, UAE, Mexico with OnRamp Money Partnership
Crypto exchange Bitget on Tuesday announced a partnership with payment solutions provider OnRamp to streamline the conversion of fiat money into cryptocurrencies.
02.04 / 15:59
Provident
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UltraTech announces ₹32,400 crore capex for expansion in the next three years
₹32,400 crore for capital expenditure (capex) over the next three years as part of its expansion plans. The company said it plans to increase its capacity to around 200 million tonnes per annum (MTPA) in the near future. It also announced the commissioning of two new greenfield projects with a total capacity of 5.4 MTPA in an exchange filing.
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