Provident Financial News

Excite FC and Exclusive FC variants now feature a 7.4 kW AC fast-charging option, drastically reducing the charging time to under 3.5 hours for a 0-100 percent charge, compared to the previous 7 hours on a 3.3 kW AC charger. The new fast-charging variants are priced at ₹8.24 lakh for the Excite FC and ₹9.14 lakh for the Exclusive FC (ex-showroom). These FC variants replace the previous nomenclature of Push, Play, and Pace with Executive, Excite, and Exclusive, reported the publication.

Mahanagar Gas, the leading city gas distributor in Mumbai and surrounding areas, tumbled 16.2% to ₹1,305 apiece in today's intraday trade, reaching a 6-week low. This sharp decline was triggered by a rating downgrade from 'Buy' to 'Sell' by the global brokerage firm Citi. The brokerage also lowered the target price from ₹1,480 to ₹1,405 apiece, citing concerns about the drop in margins.

₹8.4 /kWh in April 2009 before plummeting, dragging down the entire sector including utilities, equipment providers, and financiers, it noted. The downfall of the last cycle can be attributed to various factors, primarily stemming from the initial phase of privatisation, stated Bernstein. Amidst a landscape dominated by government agencies and influenced by political agendas, the sector was buoyed by easy financing from banks and NBFCs, leading to its eventual collapse.

Opting for a shorter loan tenure: Accelerating the loan repayment results in a lower overall interest payment. This is attributed to the interest being calculated based on the remaining loan balance, which diminishes more rapidly with shorter tenures. Nevertheless, opting for a shorter loan tenure necessitates larger monthly payments for timely repayment.

Vishal Goenka, Co-Founder of IndiaBonds.com believes the the inclusion of Indian bonds in JP Morgan and Bloomberg indices will be a game changer for the Indian fixed-income markets. In an interview with Mint, Goenka emphasised investors should invest in bonds to diversify their portfolios and also highlighted the most important developments in the bond markets in recent times. Edited excerpts: The answer is simple: all financial investors should diversify their portfolios as the basic thumb rule of financial investments.

A year before the transfer of serial killer and rapist Paul Bernardo to a medium-security prison in Quebec ignited a political firestorm, then-public safety minister Marco Mendicino’s office had been informed about plans for a similar move of another high-profile killer — Luka Magnotta — to the same institution.

jobs with an investment of ₹1,520.69 crore in companies boasting a turnover of ₹5 crore, India Today reported. Also Read | Credit Card Fraud: American Express blames third-party vendor for data breach, says report It added that despite a reported investment of ₹1,520.69 crore by the state government, the outcome yielded less than 6,000 new jobs in Kerala during the specified period.

mutual fund is like a big pot of money collected from many investors like you who want to invest in the stock market or other assets. This big pot of money is managed by a professional called a fund manager. The fund manager's job is to decide which stocks, bonds, or other assets to buy and sell within the fund.

₹71 to ₹75 per share. The company plans to raise ₹52.34 crore at the upper end of the price band from the book-built issue which is entirely a fresh issue of 69.79 lakh equity shares. The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000.

ICICI Prudential Life Insurance, said, “The launch of our new brand campaign “Zimmedari lagey pyaari" showcases responsibility as an ‘Expression of Affection’ and marks a milestone in reshaping the life insurance narrative. The underlying thought of the campaign is to reposition life insurance as equipping individuals to fulfill their responsibility." Bagchi added, “Our comprehensive suite of term insurance, long-term savings, and retirement solutions coupled with our philosophy of the right product to the right customer plays a pivotal role in enabling our customers to provide financial security to their families and fulfill their responsibility." Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance, said, “We believe fulfilling responsibilities towards loved ones is a profound commitment, reflecting love and care.

T20 World Cup 2024 just three months away, the International Cricket Council (ICC) has provided an update on the progress of the Nassau County International Cricket Stadium in New York, which will be the venue for the much-awaited T20 World Cup match between India and Pakistan. The construction work on the stadium has been going on for the past month in preparation for the ICC Men's T20 World Cup 2024, which is set to begin on June 1. On June 9, the stadium will witness the clash between the cricketing rivals, India and Pakistan. ICC released a time-lapse video, marking the milestone of one month since the project's initiation.

Cashfree Payments, on Wednesday, launched a platform centric payment solution‘Embedded Payments’. This solution equips software platforms with the tools to facilitate seamless payment experiences for businesses. The solution aims to revolutionise the way software platforms like enterprise resource planning (ERPs), customer relationship management (CRMs), SaaS or billing platforms and similar solutions, provide payment experience to their end users. Currently, software platform developers struggle with integrating payments into the tools they build for online businesses due to complexities, poor user experience, operational overhead and limited knowledge of compliance. As a result, online businesses or merchants separately integrate payment systems themselves. With the integration of ‘Embedded Payments’, software platforms can enable their end users to make payments for products or services directly on the platform, eliminating the need for redirection to another page or site for the payment process. This will eliminate any disruptions and drop-offs caused due to external payment redirections.

IIFL Finance tanked 20% on Wednesday to fresh 52-week low of Rs 382.20 on the NSE following a downgrade by global brokjerage Jefferies. The US brokerage has slashed its target price to Rs 435 from an earlier target of Rs 765 while recommending a ‘hold’ rating versus 'buy' it held earlier. The downgrade comes after the Reserve Bank of India (RBI) directed the company to cease and desist from sanctioning or disbursing gold loans or assigning/securitising/selling any of its gold loans.

CSK captain Mahendra Singh Dhoni discussed the excitement of having players from diverse backgrounds in one team, making the IPL a captivating tournament and giving him the chance to familiarize himself with overseas players. Reflecting on the 2008 CSK team, Dhoni highlighted the wealth of experience brought by renowned players like Matthew Hayden, Mike Hussey, Muttiah Muralitharan, Makhaya Ntini, and Jacob Oram. He emphasized the challenge of bringing together such a talented group and fostering camaraderie within the dressing room. Dhoni stressed the importance of understanding each player individually as a leader, citing how familiarity with their strengths and weaknesses facilitates cohesive teamwork. With five IPL titles under his captaincy, Dhoni's leadership philosophy has proven successful.

Investing.com-- Most Asian stocks fell on Wednesday with an underwhelming economic outlook from China providing little support, while overnight losses in Wall Street spilled over as markets grew skittish before more signals on U.S. rates. 

youth ahead of the Lok Sabha elections, Congress leader Rahul Gandhi is likely to announce a 10-point poll promise for the youth and unemployed people of the country in a rally in Madhya Pradesh on Wednesday, according to the sources. According to sources, the Congress MP will announce the poll promises in the rally that will be addressed by him and Congress President Mallikarjun Kharge in Badnawar District of Madhya Pradesh today. With election season fast approaching, the Congress Election Committee (CEC) headed by Kharge is likely to meet on Thursday to finalise candidates for a clutch of states like Kerala and Karnataka. The BJP has so far announced 195 candidates.

Congress government in Karnataka government to step in to regulate supply. The shortage hasn’t just affected the drinking water supply, but it has also had an impact on irrigation. Of the 14,700 borewells in Bengaluru, 6,997 have dried up, as per reports.

After a strong gross domestic product (GDP) growth estimate, we have further cause for optimism in the latest purchasing managers’ index readings for the manufacturing and service sectors. The HSBC India Services Purchasing Managers’ Index (PMI) clocked a robust 60.6 in February.

₹20,000 price segment. Realme had earlier opened the pre-orders for Realme 12 5G and Realme 12+ 5G, allowing potential customers to get some added benefits by booking these devices in advance. The Realme 12 5G series will be unveiled at a launch event at 12 noon today and the launch ceremony can be watched by navigating to Realme India's official YouTube page.

Garena Free Fire and has been gaining traction since the original game was banned by the Indian government in 2022. The battle royale game has won the hearts of Indian fans thanks to its intense graphics and addictive gameplay. Moreover, the developers, 111 Dot Studios, release free redeem codes on a daily basis, which only adds to the constant demand for this popular game.

NEW DELHI : Canadian pension fund CDPQ is in exclusive negotiations to acquire five operational road projects from Ashoka Concessions Ltd, a subsidiary of infrastructure company Ashoka Buildcon. The deal has potential equity and enterprise values of around $325 million and $700 million, respectively, two people aware of the talks said. On 12 December, The Economic Times reported that CDPQ (Caisse de dépôt et placement du Québec) and private-equity firm Actis Llp were in final discussions to acquire the BOT toll road assets of Ashoka Concessions.