Provident Financial News

₹5 lakh and prize money of ₹75,000 have been provided to the firm, the second person cited above said. As per the plan, the startup will manufacture the product and make it available at government fair price shops like Kendriya Bhandar stores. The product will also be available in retail stores under the nutraceutical category, the persons cited above said.

₹10,000 crore and create 35,000 jobs, something that failed to materialize as owners chose to continue to sell old vehicles in rural areas instead. “The reason for the failure of this scheme is lack of incentives," said a government official, one of the two people cited above. "So, the plan is that both the government and automobile manufacturers offer incentives to the consumers—government incentives may come in the form of taxes, and auto manufacturers incentive could come in the form of discounts on the price of the vehicle," the official added.

Contributions towards employee provident fund (EPF) is an important component of your salary. Companies are mandated as per law to deduct the contribution from your salary and deposit it with the Employee Provident Fund Organisation (EPFO). That, though, need not happen always.

Walmart reported another quarter of stellar results, ending the year on a high note as its low prices attract shoppers looking for deals in an economically challenging environment beset by a recent bout of inflation

Japan has pledged long-term commitment to Ukraine’s reconstruction, calling it a future investment, while stressing support for the war-torn country about to mark the second anniversary of Russia’s invasion

Arkhouse Management is nominating nine people for Macy’s board of directors, igniting a proxy battle after the department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management

edtech have called for an extraordinary general meeting on Friday to oust its founder CEO Byju Raveendran and his family members over «mismanagement and failures» at what was once India's hottest tech startups, sources said. The shareholders, who have called the EGM, collectively hold more than 30 per cent stake in Byju's. Raveendran and family own about 26 per cent in the company.

morning assembly, the Stephen's College on Tuesday withdrew the decision clarifying that the email sent to students was «incorrectly worded» and «miscommunicated». In an email addressed to students and their parents, Stephen's College principal John Varghese clarified will that there will be no suspension with regard to attendance for the morning assembly. «On Saturday, 17th February 2024 an email was sent from my office. It was a miscommunication, incorrectly worded and my sincere apologies for that. I was also not copied on that email, a practice which is normally followed when I instruct my office to communicate, in written mode, on my behalf. Let me therefore set right the matter through this email,» the email by Varghese read. The principal also stated that the morning assembly held in the college is an old tradition and not organised as a religious exercise while pointing that small portions from several religious and philosophical texts are read out during the assembly.

Mumbai, February 6, 2024: After the resounding success of Shapoorji Pallonji Real Estate’s premium project BKC 28, WSB Real Estate Debt Fund II (WSBREDF II) has invested INR 55 crore in another premium project, BKC 9, situated in Bandra East, Mumbai. BKC 9 is a collaborative effort between Shapoorji Pallonji Real Estate (SPRE) and Vakratunda Realty Private Ltd The WSBREDF-II fund has committed an investment of INR 55 crore to complete the premium project, BKC 9.

Power Finance Corp (PFC) on Tuesday signed a memorandum of understanding (MoU) with the Goa government to fund the state’s green energy ambitions through a blended finance facility. Under the MoU, PFC will provide financial support for Goa’s pivotal climate-related projects.

NEW YORK/WASHINGTON (Reuters) — U.S. banking regulators have been asking regional lenders whether they faced any fallout from the problems at New York Community Bancorp (NYSE:NYCB), several sources said, in a sign that worries about the health of the sector persist.

Delhi High Court has upheld the Registrar of Companies’ order that rejected conversion of Reebok India Company from an “Unlimited Liability Company" to a "Limited Liability Company". Dismissing Reebok India's petition, Justice Subramonium Prasad said that the reasons given by the RoC in rejecting the Reebok’s application on the ground that various prosecutions have been filed by the Serious Fraud Investigation Office against it for offences under the Companies Act and the Indian Penal Code cannot said to be so perverse, especially keeping in mind the interest of shareholders and the interest of creditors. «The anxiety on the part of the RoC that the creditors and stakeholder should not be left high and dry cannot be said to be completely unjustified,» Justice Prasad said.

(Reuters) — CenterPoint Energy (NYSE:CNP) said on Tuesday it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electricity and gas utility plans to focus on its regulated business.

India’s AI market is growing at a CAGR of 25-35% and is projected to reach around $17 billion by 2027, according to a new report by BCG and IT industry apex body Nasscom. As the investments in AI continue to increase, the demand for AI talent in India is also expected to grow at 15% CAGR by 2027, the report, titled «AI Powered Tech Services: A Roadmap for Future Ready Firms; AI & GenAI's Role in Turbocharging the Industry” launched on the sidelines of the Nasscom Technology & Leadership Forum 2024 said.

The Trudeau Liberals are set to announce that the federal government will provide low-cost loans in British Columbia to help build rental housing on provincially owned land, according to senior government sources.

Investing.com — U.S. stock futures fell Tuesday, as investors returned to their desks after the long weekend, ahead of a deluge of key earnings this week. 

Investing.com — Walmart's (NYSE:WMT) fourth-quarter U.S. sales and earnings beat estimates, although a muted outlook kept a lid on share gains in premarket U.S. trading on Tuesday.

Investing.com — In today's ever-evolving financial landscape, the secret to outpacing the market isn't just participation; it's strategic selection. That's where our state-of-the-art AI stock-picking tool, ProPicks, comes in handy.

Investing.com — U.S. futures fell Tuesday as investors returned to their desks after a long weekend and prepared for a deluge of quarterly corporate earnings during the week.

Radisson Hotel Group said on Monday it has signed a 150-room Radisson Blu Hotel in Ayodhya. A greenfield project, the hotel is being developed by Jeewani Hospitality in partnership with EaseMyTrip and is expected to open in 2027. This is Radisson Hotel Group’s second hotel in Ayodhya. Previously, it announced the opening of Park Inn by Radisson Ayodhya in January 2024.

Unicommerce is expanding its overseas operations by onboarding more clients, a top official said on Tuesday. Unicommerce is already serving 46 clients in Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia and is now expanding these operations by adding more clients. Some of its clients in these markets include the UAE-based fashion brand Redtag, the Philippines-based kids' wear brand Edamama and the UAE-based logistics player RSA Global.