Provident Financial News

February was another terrific month for the stock market as the S&P 500 and Nasdaq wrapped up their fourth winning month in a row to notch their best start to a year since 2019.

tranche of offshore minerals auctions is likely to kick off by June-July this year, Union Minister Pralhad Joshi said. A total of 10 offshore mineral blocks have been short-listed by the mines ministry, and inter-ministerial consultations are underway to seek necessary clearances for auctions at the earliest, the Minister for Coal and Mines told PTI. When asked about a timeframe for the auction of offshore minerals, he said the auctions are likely to kick off by June-July of 2024. The blocks are located on the east and west coast of India, Joshi said without sharing any further information.

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Taiwan's foreign ministry strongly criticized China's response to an interview featuring Taiwan's Foreign Minister Joseph Wu with an Indian media outlet, asserting that “we are not puppets of the People's Republic of China." Earlier on Saturday, the Chinese embassy in India expressed concern regarding an Indian media channel's interview with Taiwan Foreign Minister Joseph Wu, accusing it of allowing him to promote ‘Taiwan independence.’ The Chinese embassy issued a statement condemning certain Indian TV channels for airing an interview with Taiwan's Foreign Minister Joseph Wu on February 29, 2024. The embassy criticized the interview, and said, “Taiwan's foreign affairs office Joseph Wu, which provided a platform for him to advocate 'Taiwan independence' and disseminate false information.

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RK Swamy will open for subscription on Monday. The issue closes on March 6. Through the public offer, the company plans to raise around Rs 423 crore. Here are 10 things to know about Mukka Proteins IPO before subscribing to the issue.

investments, including FDI, in the sector besides generating huge employment, said industry experts. After inaugurating 'Bharat Tex 2024', one of the largest-ever global textile events to be organised in the country, Prime Minister Narendra Modi threw light on the government's expansive plans to create seven PM MITRA parks in various states and underlined the emphasis on the creation of opportunities for the entire textile sector. The parks are coming up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. Nearly Rs 70,000 crore investment and 20 lakh employment generation is envisaged through these parks. The valuation of the Indian textiles market is estimated at Rs 12 lakh crore.

fake job cards under the national rural job guarantee scheme and that “every scheme has been transformed into a scam” in Trinamool Congress’ “tolabaaz raj”. Speaking at a public rally in Krishnanagar, Modi also set BJP a target of winning all the 42 Lok Sabha seats in the state in the upcoming elections. Countering Trinamool’s claim that the Centre has withheld funds for MGNREGA and other schemes, the Prime Minister alleged: “TMC have put their own sticker on every scheme. People of the country must know, every scheme has been transformed into a scam. They are masters of doing it.”

Tata Steel shares, which hit a fresh peak of Rs 156 on BSE, have shown a powerful breakouhavet on the daily chart, accompanied by a notable surge in volumes. “Additionally, the formation of a Morning Star pattern, a bullish reversal candle pattern, indicates strong support for the stock. The momentum indicator, RSI, has also provided a buy crossover, confirming the bullish undertone in the stock,” says Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

PTI-Videos, the Railway Minister said that though the work on the Kolkata Metro started in the 1970s, the progress made in the last 10 years of the Modi government was much more than the 40 years before that. -The work on Kolkata Metro progressed in several phases.

application process will close at 10.50 pm and the deadline for payment of fees is 11:50 p.m. The candidates are allowed to make the corrections, latest by 7 March 2024 up to 11:50 P.M. Thereafter, no correction in particulars, whatsoever, will be entertained by NTA under any circumstances, the NTA has stated.

Also read: IPOs This Week: RK Swamy IPO among 7 other issues to open; check details These are the stock recommendations from Rupak De, Senior Technical Analyst at LKP securities: The stock has experienced a breakout from a flag pattern on the daily chart, indicating a notable increase in investor optimism. Furthermore, the stock has consistently traded above the crucial moving average. In the upward direction, there is a potential move towards 640, with support established at 570.

Rameshwaram Cafe in Bengaluru, Karnataka Police on Sunday morning conducted an investigation at the explosion site. This comes after Chief Minister Siddaramaiah said on Saturday that the complete truth regarding the Rameshwara Cafe incident has to come out. He gave clear instructions to senior police officers to use the possibilities of technology effectively in investigations. Bengaluru City Police investigated the Rameshwaram Cafe in the Bengaluru Whitefield area.

Chief Election Commissioner Rajiv Kumar reviewed the preparations in Uttar Pradesh on Saturday. After reviewing the preparedness for the forthcoming polls, Rajiv Kumar, addressed a press conference, where he said, that strict instructions have been given to the election officials to increase the voting percentage in Uttar Pradesh. «We have been reviewing here for three days, UP is the largest state in the state. Our endeavour is to provide the best election experience and be fair. All political parties should be given equal status so that there is no discrimination,» Rajiv Kumar said.

paper leak, the Uttar Pradesh government on Saturday cancelled another exam held for review officer and assistant review officer (RO/ARO) of the UP Public Service Commission for the same reason. Chief minister Yogi Adityanath announced a retest within six weeks citing leak of certain questions of the paper on social media and called for handing over investigation to the UP Police's special task force. The examination to recruit RO/ARO to the UP Public Service Commission was held on February 11. A whopping 1.07 million aspirants had applied for 411 vacancies.

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Solana (SOL) emerges as a key contender, recently achieving a notable multi-month high of around $137, amid Solana’s valuation prompts a closer examination and subsequent Solana price prediction.

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BSE Sensex logging a third straight weekly gain buoyed by strong macroeconomic indicators and renewed foreign fund inflows. Despite a volatile week, the equity benchmarks achieved record highs extending their sharp rally during Saturday's special trading session. On the stock-specific front, RailTel Corporation of India, Data Patterns, Force Motors, Jubilant Industries, Kalyani Steels, Tata Investment, Greenply Industries, Indo Count, Zen Technologies, Newgen Software, Schneider Electric Infra, and others are among the smallcaps that logged a double-digit rise in their share prices last week.