Provident Financial News

Banyan Tree Growth Capital, GPT Healthcare operates multispecialty hospitals under the ILS brand in eastern India. The Kolkata-based healthcare company is rolling out a ₹525 crore IPO comprising an offer of sale of ₹485 crore and a fresh issue of ₹40 crore. The IPO represents 34% of the post-paid capital of the company. Business: Set up in 2000 as an eight-bed hospital at Salt Lake in Kolkata by laparoscopic surgeon Dr Om Tantia, the company now operates four secondary and tertiary care hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. Each of these hospitals provides integrated diagnostic services and pharmacies. It has signed MoUs for setting up hospitals in Raipur, Chhattisgarh, and Ranchi, Jharkhand that are likely to be operational in 2025-26. The management has plans to expand operations in other tier-II cities such as Varanasi, Patna, Guwahati, Kanpur and Cuttack. However, new hospitals have longer gestation periods to mature and provide returns.

Across the United States, chronic worker shortages have led many companies to invest in machines to do some of the work they can’t find people to do

Beyond Meat is revamping its signature plant-based burger, hoping that healthier ingredients will help it boost flagging U.S. sales

European Union countries have agreed on a new package of sanctions against Russia

A leading manufacturer of ghost guns has agreed to stop selling its untraceable, unassembled firearms to Maryland residents

A Tennessee free-market nonprofit group has joined the ranks of groups challenging a new Biden administration labor rule that changes the criteria for classifying workers as independent contractors or employees

A government watchdog that wants everyone with a 401(k) plan to be able to see information on all their accounts in one place this week asked Congress to legislate a nationwide dashboard.

Hub is looking to extend its reach among American small business owners with the launch of a new retirement plan option. The Chicago-based insurance broker has unveiled the Hub Retirement Select PEP, a pooled employer plan geared toward independent businesses that employ fewer than 100 workers.

Nitrogen unveiled numerous upgrades to its fintech suite aimed at boosting the efficiency and growth of financial advisors and wealth firms.

Investing.com-- Oil prices settled higher Wednesday as investors awaited further catalysts including a flurry of economic data and an update on U.S. crude inventories due later this week after the Federal Reserve's minutes from its January meeting reinforced expectations for higher for longer rates.

Joe Biden's administration announced that more than 150,000 borrowers will receive $1.2 billion in student loan forgiveness under a program unveiled in January seeking to provide relief for Americans who had been making payments for at least a decade. The move — which benefits those enrolled in the government's Saving on a Valuable Education (SAVE) plan — wipes out loans for those who borrowed less than $12,000 for their higher education. Other income-driven repayment plans also forgive balances, but only after 20 or 25 years of repayment.

The Employees' Provident Fund Organization (EPFO) is a retiral body which provides retiral benefits like provident fund, employee pension or family pension to the dependents of the employee in case of death. The Employees’ Provident Fund scheme provides that the employer is required to deduct 12% of the aggregate basic wages & dearness allowance and contribute a matching amount. EPFO declares the annual interest on the provident fund accumulations. Employees can withdraw the provident fund accumulations at the time of superannuation.

Investing in public education systems is crucial for countries seeking to leverage their demographic dividend. South Korea’s economic development, often called the ‘Miracle on the Han River,’ exemplifies the impact of strategic educational investments. During its rapid industrialization, the emphasis on education significantly improved literacy rates and provided the necessary skills for industrial and technological sectors.

AI-powered ‘answer engines’ have arrived. A few days ago, The Wall Street Journal reported how new companies like ArcSearch and Consensus are changing the rules of web search as we knew it. As compared to search engines that at best threw up a few links to relevant articles, these new AI-run search engines not only provide the most relevant information on a topic, but also intelligent summaries of various articles.

₹4,100 crore for the next five years from 2021-22 to 2025-26 (15th Finance Commission period). Under the Flood Management Programme an outlay of Rs.

Also Read: Kerala-based startups witness 40% surge in seed-stage funding in 2023: Report On the same heels, the journey of Counseling Shortcuts from concept to reality epitomizes a true entrepreneurial spirit. With founder chairman Pranav Sharma and founder CEO Urvashi Ranjan at the helm, the ed-tech company aims ‘at making education so affordable and accessible that no one ever feels deprived to get educated,' according to its website. The ed-tech firm's innovative proposition lies in its VR-based educational offerings, which is a first for an Indian startup.

₹ 340 per quintal at sugar recovery rate of 10.25%. According to the Indian Government press release this “historic" price of sugarcane is about 8% higher than FRP of sugarcane for current season 2023-24. The revised FRP will be applicable from 1 Oct 2024, confirmed Union government.

(Reuters) — Utility firm Exelon (NASDAQ:EXC) beat fourth-quarter profit estimates on Wednesday, helped by higher electricity rates.

By Alan Charlish and Pawel Florkiewicz

Nvidia's (NASDAQ:NVDA) earnings report on Wednesday afternoon is set to pose a critical test for the AI-led market rally.

Investing.com — Nvidia (NASDAQ:NVDA) will unveil one of the most hotly-anticipated earnings releases in recent memory after the U.S. market close on Wednesday, with analysts hoping that the artificial intelligence chipmaking giant posts a more than three-fold jump in revenue.