Provident Financial News

The Mattioli Woods board said this morning that they had agreed to a cash offer from Tiger Bidco, a wholly-owned vehicle advised and managed by Pollen Street, and would now unanimously recommend the deal to shareholders. The proposed offer of 804p per share marks a 34% premium on the AIM-listed firm's closing share price of 600p per share on Thursday (7 March).  Mattioli Woods Group currently holds over £15bn in assets under management, administration and advice, for a client base of over 20,000 wealth clients. Pollen Street said the acquisition will provide Mattioli Woods and its ...

Core Foundation has announced a $5 million Innovation Fund to advance India's dApp ((decentralized app) ecosystem on Core Chain, the Bitcoin-secured and EVM-compatible blockchain. This fund aims to empower Web3 communities, enhance education, and provide vital support to founders and builders throughout India. “India's startup energy is unmatched, and its Web3 ecosystem is no exception, booming with over 450 startups and $1.3 billion in investments. Our goal is to empower Indian builders, spur dApp growth, and merge Bitcoin's security with Ethereum's flexibility. This initiative will open new doors and boost India's crypto economy, with a focus on scaling Bitcoin and unlocking BTCFi," said Shivangi Pandey, Core Contributor, in a statement. This entry into the Indian market also includes a roadmap for builder meetups, the Core Ambassador Program, hackathons, and collaborations with Web3 incubators and universities. Core Foundation also plans to launch an accelerator program in partnership with leading Indian Web3 venture capitalists and accelerators, providing essential support to the burgeoning community of Core Chain builders and founders.

BARCELONA : Japanese open RAN technology provider Rakuten Symphony, part of Rakuten Mobile, plans to invest $10 million in India this year to enhance AI capabilities and conduct research on 6G, a senior company executive said. The initiative will be based in the company's Bengaluru research and development center, its second-largest tech hub outside Japan. “This year and next year we are going to focus on expanding it, with a focus on ‘AI-nization’ initially.

Every year, in March, we celebrate International Women's Day. The objectives of this day include empowering women to get equal rights in all areas. One of the objectives includes making women financially independent. It can be done by providing equal opportunities for women to participate in the workforce through jobs, self-employment, entrepreneurship, etc. The government, industry, and various other stakeholders are doing their bit to encourage women's participation in the workforce.

I presume that it would be legal for taxation purpose in case we form a HUF with the following structure as we have 2 coparceners.

If you check your own credit score, also known as a soft inquiry, it usually doesn’t harm credit score. 

For financial health and stability, it is vital to build a strong credit history. One can take a number of steps which include paying bills on time, keeping credit card balances low, keeping track of credit score and opting for secured credit card. 

Several tax-related initiatives can encourage women's participation in the stock market. The declining number of demat accounts among women is a concerning trend, highlighted by CA Sandeep Agrawal, Director and Co-founder at Teamlease Regtech. Meanwhile, Tax Expert Megha Jain from ClearTax proposes various tax-related initiatives to encourage women's participation in the stock market.  

CIBIL is one of the major credit bureaus that maintains credit reports for individuals. Similar to credit reporting agencies in other countries, negative information can stay on your CIBIL report for a certain period of time. 

Gym Machine is a comprehensive gym system that can provide a full-body workout at home. It features a 60kg weight stack and multiple exercise stations. This high-density padded seat and backrest ensure comfort during your workouts.

demat accounts for equity investors, prioritising investor safety and transparent transactions. Demat accounts store shares electronically, facilitating easy trading. However, investors may end up with dormant accounts, incurring maintenance fees if they do not trade on a regular basis.

'Shiv Barat' in Kota on the occasion of Mahashivratri late Friday morning. They were electrocuted from a high-tension power line passing overhead in the Sakatoura area under the Kunhari police station, news agency PTI reported. ALSO READ: Rajasthan CM Bhajanlal Sharma tests positive for COVID-19 "Two of the children sustained 100 and 50 percent burn injuries, respectively, while the rest 12 sustained less than 50 percent injuries," a senior police official said on Friday.

Matt White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), sees the Financial Action Task Force’s removal of the UAE from the grey list as a positive move, clearing the way for increased crypto-related investments.

Lok Sabha polls in the coming months, 'Nari Shakti' has taken centrestage. When thin margins can become a deciding factor on a large number of seats, no party can ignore this demographic which has coalesced into a new vote bank as more women are getting educated and participating in the labour force, thus gaining independence in making political choices. It has been seen in the recent past how welfare schemes or freebies targeted at women have influenced election results. BJP's Ladli Behna scheme is considered a big factor behind the party's victory in the Madhya Pradesh elections last year while cash handouts to female heads of families and free bus rides for women tipped the scales in favour of Congress in Karnataka elections. Both BJP and Congress have focused their political campaigns on empowering women, with the BJP promoting schemes like the Ladli Behna, slashing LPG prices and highlighting its role in passing Women's Reservation Bill, while the Congress has promised monthly financial aid among other benefits. Additionally, regional parties are also making concerted efforts to appeal to women voters.

The children who suffered the electric shock were rushed to hospital immediately for their treatment. The incident happened when people from the Kaali Basti gathered with their Kalash and a child was carrying a pipe of 20-22 ft that touched the high-tension wire, said Kota SP Amrita Duhan. The SP added that in an attempt to save that child, all the children present there were electrocuted.

Russia-based agents involved in the human trafficking network that pushed Indians into the Ukraine war zone are under the CBI scanner, officials said on Friday. The agents allegedly confiscated the passports of Indians arriving in Russia and forced them to fight with the armed forces, officials said. The network was busted by the CBI on Thursday. Christina and Moinuddin Chippa, a resident of Rajasthan, are based in Russia and were facilitating the trafficking of Indian youth to Russia by offering them lucrative job opportunities there, officials said. The central probe agency's FIR has listed 17 other Visa consultancy companies, their owners and agents spread across India, they said.

Infosys Foundation Sudha Murty (73) has been nominated to the Rajya Sabha by the President of India Droupadi Murmu. The development was confirmed by Prime Minister Narendra Modi on microblogging website X (formerly Twitter). “I am delighted that the President of India has nominated @SmtSudhaMurty Ji to the Rajya Sabha. Sudha Ji's contributions to diverse fields including social work, philanthropy and education have been immense and inspiring. Her presence in the Rajya Sabha is a powerful testament to our 'Nari Shakti', exemplifying the strength and potential of women in shaping our nation's destiny. Wishing her a fruitful Parliamentary tenure,” Modi wrote in the post.

payments made to units of 14 services sectors in IFSC from TDS provisions effective April 1, a move which will reduce tax compliance burden. The Central Board of Direct Taxes (CBDT) in a notification said that no TDS will have to be deducted for payments to units in sectors like FinTech, banking, fund management entity, finance company, credit rating agency, insurance intermediary and investment banking. The TDS exemption will now be applicable on payments like professional/referral fee, brokerage income, interest on External Commercial Borrowings /Loans, insurance commission, dividend and credit rating fee. International Financial Services Centre (IFSC) in Gujarat is being developed as a tax-neutral enclave for the financial sector.

GetVantage, an alternative-financing fintech platform, announced the launch of its Rise-Up Fund, dedicated to supporting women entrepreneurs businesses with inclusive capital. This non-dilutive fund with an initial corpus of Rs100 crore and aims to deploy the capital in the next 12 months to help over 400 women-led businesses scale up. GetVantage will disburse the funds through its own NBFC GetGrowth Capital, along with Varanium’s Debt Fund partnership, among other NBFCs and AIFs.

While some parents choose to pay the interest amount regularly during the study period, many other parents are unable to do so, and they primarily depend on a moratorium given with the education loan. A moratorium period allows them to push the repayment period by a few years, so that the student can get a job after completing the course and repay the loan herself or himself. While the moratorium period can ease the repayment burden for students and parents during the study period, it may come at the cost of a higher repayment burden for students if the education loans are not subsidised by the government.

Showcasing Donaldson’s unwavering dedication to innovation, the state-of-the-art facility ushers in a new era of digitally empowered filtration solutions. The experience centre provides a unique opportunity for Indian customers to experience live demonstrations of a range of Donaldson dust collectors along with iCue Connected Filtration Service, an IoT-based technology to remotely monitor dust collection equipment performance. Donaldson iCue Connected Filtration service is a new offering for the Indian market, with the capability to create significant value by minimising air pollution while maximising productivity in a factory setting. Using a network of connected sensors, remote dust collection monitoring can now be automated, providing comprehensive real time data through a modernised and user-friendly digital interface. Additionally, this technology offers the ability to monitor a wider range of data, including three critical measures: differential pressure, particulate trends and relative airflow.