Provident Financial News

South Africa’s regulator Financial Sector Conduct Authority (FSCA) has approved 59 operating licenses for cryptocurrency exchanges, according to a Reuters report citing an official from the regulatory body.

Arvind Kejriwal are indulging in 'jhooth ki rajneeti' (politics of lies) over CAA. ‘CAA does not violate constitutional provisions’, Amit Shah on citizenship law He said CAA was one of the poll promises by his Bharatiya Janata Party (BJP) in the 2019 manifesto which they have fulfilled. "BJP has made it clear in its 2019 manifesto that it will bring CAA and provide Indian citizenship to refugees (from Pakistan, Bangladesh, and Afghanistan).

The shakeup of Walt Disney World’s governing district more than a year after it was taken over by Gov. Ron DeSantis’ appointees continues with the departure of its board chairman

Sanjay Shah, CMD, Prudent Corporate Advisory Services, says coming to the question about the impact of a switch on the trail or the remuneration which overall investors are getting, understand that there is no change as far as TR or expense ratio is concerned because otherwise also, the AMC used to pay trail to old advisors. Now, when the assets move to a new advisor, the new advisor will get the trail which is lower of two, the rate of the old advisor or new advisor. Help us understand AMFI's new circular on the switched AUM trail commissions. Will we see more competition in the distributor space? What is going to be the impact on the commissions expected? Sanjay Shah: It was a very long-standing demand of all the mutual fund distributors because if you look at it from the investor's perspective, an investor always has a right to choose his advisor/distributor and there could be many reasons for him to be looking for a change. It could be, let us say, the advisor's competency or let us say the advisor has been out of the profession or the investor himself has changed the location or there is a break in the relationship.

₹4,595.06 crore, while domestic institutional investors (DIIs) purchased ₹9,093.72 crore worth of stocks on March 13, provisional data from the NSE showed. The rupee declined by 5 paise to settle at 82.85 (provisional) against the US dollar on Wednesday, tracking a broad-based selloff in domestic markets.

CAA. The remarks came after the Centre notified the rules for implementing the act. Speaking to ANI, Amit Shah said, “This is our sovereign right to ensure Indian citizenship in our country, we will never compromise on it and CAA will never be taken back.

beneficiaries of the PM SVANidhi scheme at JLN Stadium in the national capital on Thursday. According to the Prime Minister's Office, PM Modi will also distribute loans under the scheme to 1 lakh street vendors (SVs), including 5,000 SVs from Delhi on this occasion. The Prime Minister will also lay the foundation stone of two additional corridors of Delhi Metro's Phase 4 during the programme.

In a continuing bid to provide superior resources and support to its advisors, Independent Financial Group, a San Diego-based independent broker-dealer, has announced an expansion of its partnership with Envestnet.

IIFL Finance passed a resolution to raise ₹2,000 crore comprising a rights issue of ₹1,500 crore and non-convertible debentures of ₹500 crore, according to a statement issued by the company on Wednesday. The company said that it plans to raise ₹1,500 crore by way of fast track rights issue before the end of June 2024 while the NCDs will be raised by this month-end.

Dividend stocks: Shares of Wonder Electricals Ltd will be in focus when the stock market opens on March 14 (Thursday). The Board of Directors of the company has declared interim dividend for the eligible shareholders. The record date by the company to ascertain the eligibility of shareholders for the interim dividend has been fixed on March 14.

Garena Free Fire Max redeem codes are 12-digit alphanumeric codes made up of capital letters and numbers. Redeeming these codes, players can unlock various in-game rewards and provide users with exciting bonuses like skins, weapons and character enhancements. The allure of these codes acts as a strategic marketing tactic, creating a sense of anticipation and reward among the player base of this battle royale game.

The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13.

MUMBAI : Private sector lender Yes Bank Ltd is looking for a new promoter to sell up to 51% stake, and has hired Citigroup’s India unit to find a buyer, two people aware of the development said. The bank has also invited some Indian lenders, including some of its existing shareholders, to join as promoter. Yes Bank, India’s sixth largest private lender by assets, is seeking a valuation of $8-9 billion, which would be 20-25% above its current market capitalization of $7.2 billion, the people said on condition of anonymity.

By Echo Wang

By Brendan Pierson

After-Hours Stock Movers:

Britain has signed a trade agreement with Texas

European Union lawmakers have given final approval to the 27-nation bloc’s artificial intelligence law

The electric three-row SUV segment is small but quickly growing

The Securities and Exchange Board of India (Sebi) recently introduced amendments to the REIT Regulations of 2014, outlining provisions for the establishment of small and medium real-estate investment trusts, known as SM REITs or micro REITs. The move aims to regulate fractional ownership of both commercial and residential properties as well as protect investor interests. But what are SM REITs and how do they differ from conventional REITs? ET finds out more: What are SM REITs? SM REITs are specialised real estate investment trusts that differ from conventional REITs in their scale and focus. While traditional REITs primarily invest in large-scale commercial properties, such as office buildings and shopping malls, SM REITs concentrate on smaller and medium-sized properties with lower value. This distinction is reflected in their market capitalisation, asset size and portfolio composition. Despite smaller scale, SM REITs maintain diversified portfolios, spreading risk across different property types within the real estate market.

A comprehensive study dissecting recent trends in the use of health savings accounts sheds fresh light on the dynamic between increasing spending on health care and the growth of HSA balances.