Provident Financial News

03.03 / 09:31
Citi Provident Google security Remark consequences rights Not Google or Microsoft job. Bengaluru woman techie just wants to be a PG owner in India's Silicon Valley
Many netizens found humor in her perspective, with one user remarking that PG owners in Bengaluru are essentially building generational wealth while offering little in return. Another joked that these landlords serve only rice under the pretense of providing three full meals a day. Some even compared the business model to that of a unicorn startup—zero investment, infinite returns, and absolutely no refunds. Others expressed their frustration, pointing out that the security deposit system in Bengaluru is a one-way street—once paid, it is rarely seen again.
03.03 / 08:37
markets Provident Target Digital Experts country Destinations Maharashtra preferred FDI destination; contributes 14% to national GDP, says state Guv
Maharashtra Governor CP Radhakrishnan on Monday said the state is a preferred destination for foreign direct investment (FDI) and contributes more than 14 per cent to the country's gross domestic product (GDP). The governor, addressing the joint session of the state legislature on the first day of the budget session, asserted that Maharashtra was one of the leading industrial states in the country. He said the state government has signed memoranda of understanding (MoUs) worth approximately Rs 15.72 lakh crore with 63 national and international companies during the World Economic Forum in Davos, Switzerland, in January, and these investments will generate more than 15 lakh employment opportunities. Radhakrishnan said the state government is committed to resolving the Maharashtra-Karnataka border dispute and has appointed expert advocates to represent Maharashtra before the Supreme Court.
03.03 / 08:37
markets Provident Digital economy RAI social Jharkhand govt tables Rs 1.45 lakh crore budget for FY 2025-26 in assembly
Radhakrishna Kishore said the state's economy is expected to grow at a rate of 7.5 per cent in the financial year 2025-26. «I lay on the table of the House a budget of Rs 1.45 lakh crore for the 2025-26 financial year,» the finance minister said in the assembly. He said that the fiscal deficit in the budget for the upcoming fiscal is estimated to be at Rs 11,253 crore.
03.03 / 08:35
Provident CEO Strategy Trade Close Brothers Asset Management becomes an independent wealth business following sale to Oaktree
CBAM will continue to trade under its current name for a short period «with a new name to be announced in due course», according to the company.  Similarly, CEO Eddy Reynolds and the rest of CBAM's executive committee will continue to lead the business with additional expertise provided by the team at Oaktree.  Close Brothers to sell wealth management arm to Oaktree Capital Management for £200m Reynolds explained that Oaktree's backing «will help us maintain and build on our growth strategy and support us in our aspiration to become the leading premium wealth manager in UK for both...
03.03 / 08:01
markets Provident FIVE Digital Booking Manufacturing Strategy Anxious about investing? These five debt-free mid-cap stocks could bring peace of mind.
Subscribe to enjoy similar stories. The benchmark NSE Nifty 50 index has experienced a significant correction of nearly 15% from its peak in September 2024, making investors anxious. But the stock market is a place where volatility and opportunity go hand-in-hand.
03.03 / 06:23
markets Provident Career CEO Diversity performer inclusion Nine in 10 women aspire towards leadership, yet unconscious bias and work-life balance remain key barriers : Survey
women in mid-to-senior management roles want to lead but systemic obstacles continue to block their way forward, a new survey found. A new study conducted by diversity and inclusion firm Interweave Consulting discovered that 55% of women aspired to move into senior leadership positions just below the C-suite, while 34% aspired to reach CEO or CXO levels. A whopping 91% of the women surveyed shared a willingness to stretch boundaries in the short term to invest in their self-growth and career growth. Yet, 39% feel unconscious bias was hindering their advancement. The study spread over three years and 16 organisations, surveyed more than 1,000 women and 50 managers, and found unconscious bias, work-life balance, and absence of support hobbled the path to top leadership for women.
03.03 / 06:03
markets Provident ETF Strategy trends track blues What is core-satellite investment approach and how it helps grow your portfolio
Subscribe to enjoy similar stories. “In the short run, the market is a voting machine, but in the long run it is a weighing machine." This quote holds significance, especially in building a balanced portfolio that provides growth prospects along with stability in the long run. One way to achieve this is to utilise core satellite investing.
03.03 / 02:15
UPS Provident Manufacturing economy Sustainability wellness GDP growth: India’s latest economic data stirs up a range of emotions
Subscribe to enjoy similar stories. Hard data is supposed to be cold and impersonal but also has the capacity to evoke myriad feelings. Consider the series of national-accounts data released on 28 February: India’s gross domestic product (GDP) for the quarter from October to December 2024, second advance GDP estimates for 2024-25, first revised estimate for the previous year and the final estimate for 2022-23.
03.03 / 01:31
markets UPS Provident FIVE Software awards Research Cognizant to hike salaries in August, delayed by second year
Subscribe to enjoy similar stories. Cognizant Technology Solutions Corp. will give annual salary increases to its employees from August this year, making it the second time the Nasdaq-listed company has delayed salary hikes by at least five months.
03.03 / 01:31
markets Provident Target trends Experts recommendations Recommended stocks to watch: Top 8 stock picks by market experts for 3 March
Subscribe to enjoy similar stories. • Cartrade Tech: Buy at ₹1,530, stop ₹1,505, target ₹1,650-1,690 After undergoing some profit booking, prices have slipped into a strong set of supports that are indicating that the trends are looking to head higher once again. With the strong rise seen on Friday some demand is emerging at lower levels.
03.03 / 01:07
markets UPS Provident exclusive Equality rights As a daughter, a wife or a mother, why you must stay up to date about your inheritance rights?
A Hindu wife, being a class I heir, has an equal right to her deceased husband’s property, along with children and the husband’s mother. A married Hindu woman also has exclusive rights to her individual property. She is the sole owner and manager of her assets whether these are earned, inherited or gifted during the wedding (streedhan). A Muslim wife without any children is entitled to one-fourth share of her husband’s property, but those with kids get one-eighth the share. In case of divorce, her parental family has to provide maintenance after the iddat period (about three months). DaughterUnder the
03.03 / 00:13
markets UPS Provident Aware Enterprise Pharmaceuticals Why Piramal wants to exit its decade-plus insurance ventures with Shriram
Subscribe to enjoy similar stories. Piramal Enterprises Ltd is planning to sell its holdings in Shriram Group's insurance ventures for ₹4,000-5,000 crore, two people aware of the matter said, as it looks to sharpen focus on its core lending business. The Ajay Piramal-led group holds about 15% in Shriram General Insurance Co.
03.03 / 00:13
markets Provident Target Extreme Trade isolate recommendations Stocks to buy today: Ankush Bajaj recommends three stocks for 3 March
Subscribe to enjoy similar stories. On Friday, the market started the day on a weak note with a gap-down opening, immediately setting a bearish tone. Nifty breached the critical psychological support of 22,500, triggering heavy selling pressure that persisted throughout the session.
03.03 / 00:13
UPS Provident Extreme Aware country cover Department Cyclone, quake or landslide? There's a new insurance product on way.
Subscribe to enjoy similar stories. The Centre has engaged its top disaster management agency to carve out an insurance product to mitigate the impact of losses from climate change-related events.
02.03 / 19:11
markets Provident Research pandemic RAI 2020 Real estate project registrations decline in 2024 after two-year boom
Real estate project registrations declined to 19,760 in 2024 from 22,143 in 2023 and 25,230 in 2022, as developers grew more cautious after a two-year bull run in the sector, as per data provided by NSE-listed data analytics firm PropEquity. After the Covid pandemic, rising property transactions and values led to a surge in project registrations in 2022 and 2023. However, prices stabilised in 2024, leading to a slowdown in new launches. «With home prices settling, we have seen fewer new projects this year,» said Sachin Arora, founder of Moneytree Realty.
02.03 / 15:31
markets Provident Platform awards Experts Oscar reports Oscars 2025 Date and Time: How to watch the 97th Academy Awards in USA, UK, UAE for free
For the first time, the Oscars will be streaming live on Hulu, alongside traditional broadcasting on ABC. Cord-cutters in the U.S., U.K., and UAE have several options to watch the 2025 Oscars online for free.
02.03 / 15:27
markets Provident Assurant Election RAI Videos BJP to begin registration for Rs 2,500 monthly scheme for women in Delhi on March 8
economically weaker sections by the BJP government in Delhi will begin on March 8, party MP Manoj Tiwari said on Sunday… In its Delhi Assembly election manifesto, the BJP promised to provide Rs 2,500 per month to women from economically weaker sections under the Mahila Samriddhi Yojna, once it came to power in Delhi. Tiwari, on the sidelines of an event, told PTI Videos, «We are beginning registrations for our announcement of Rs 2,500 to be provided to poor women in Delhi from March 8… A list of beneficiaries will be prepared. The entire process of providing Rs 2,500 to every financially poor woman will be completed in one and a half months, he said, appealing to women to register for the scheme.
02.03 / 13:09
UPS Provident Strategy hospital prevention Features Sporting Why does this Mumbai hotel give guests mismatched slippers?
«This Bombay hotel provides bathroom slippers. But to ensure people don't flick them, they provide mismatched pairs,» the user named Thejaswi Udupa said, dropping a snapshot of a pair of slippers on top of a hotel towel. The slippers featured in the image he posted were noticeably mismatched, with each foot sporting a different color. According to the user, this was a deliberate strategy employed by the hotel to ensure that guests would only find the slippers convenient to wear within their rooms, discouraging them from taking them for personal use outside the premises.
02.03 / 12:39
UPS Provident Target Progressive Aware Department recommendations Centre approves 97% of special assistance scheme funds to states
Subscribe to enjoy similar stories. New Delhi: The Centre has approved nearly 97% of the amount allocated to states under the Special Assistance scheme, which provides interest-free loans for 50 years to states, during the first 10 months of the ongoing fiscal year, two people aware of the matter told Mint. The amount approved is ₹1.22 trillion.
02.03 / 12:03
markets COST Provident FIVE RAI innovations DeepSeek reveals theoretical margin on its AI models is 545%
DeepSeek revealed some financial numbers on Saturday, saying its “theoretical” profit margin could be more than five times costs, peeling back a layer of the secrecy that shrouds business models in the AI industry. The 20-month-old startup that rattled Silicon Valley with its innovative and inexpensive approach to building AI models, said on X its V3 and R1 models’ cost of inferencing to sales during a 24-hour-period on the last day of February put profit margins at 545%. Inferencing refers to the computing power, electricity, data storage and other resources needed to make AI models work in real time.

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