Provident Financial News

CoinDCX has partnered with Koinex, an Indian cryptocurrency exchange that ceased all trading operations due to regulatory uncertainties, to enable the platform’s users to access their assets.

Crypto wallet provider Fordefi announced today via press release that it has raised $10 million in funding to help bring its institutional-grade crypto wallet to retail platforms.

MEXICO CITY (Reuters) — Mexican antitrust regulator Cofece on Tuesday said it had identified «possible barriers» to competition in the e-commerce market, with Amazon (NASDAQ:AMZN) and Mercado Libre together controlling more than 85% of transactions and sales.

₹2,761 crore under the PMFBY were pending till 2021-22, with Rajasthan, Maharashtra and Gujarat reporting the highest pendency, Parliament was told last year. Claims under the PMFBY are generally paid by insurance companies within two months of harvesting and one month of notification for invoking the risks of “prevented sowing, mid-season adversity and post-harvest losses".

—Name withheld on request In estate planning, individuals employ various legal mechanisms to ensure fair asset distribution among heirs, minimize disputes, and optimize tax efficiency. One crucial tool in this process is the establishment of trusts. Trusts enable individuals to transfer assets to a separate legal entity managed by a trustee for the benefit of beneficiaries.

telecom gear company HFCL has bagged an order worth Rs 179 crore from state-run Bharat Sanchar Nigam Limited to supply 4G and 5G network equipment, the company said on Tuesday. Out of the total advance purchase order worth Rs 179 crore, the company has secured an order worth Rs 141 crore comprising Rs 119 crore in capital expenditure and Rs 22 crore for annual maintenance contract. «HFCL has secured a purchase order worth Rs 141 crore(Capex Rs 119 crore and AMC Rs 22 crore) from Bharat Sanchar Nigam Limited (BSNL) out of the advance purchase order worth Rs 179 crore issued to the company,» HFCL said in a statement. Under this order, HFCL will provide product and services to BSNL crucial for supporting 4G and 5G network requirements. The scope under this order encompasses initial planning, on-site surveys, supply installation, testing, commissioning, operations and annual maintenance of microwave links.

₹10,000 every month in an equity mutual fund (MF) for 20 years, they would get around ₹1 crore assuming an annual growth rate of 12%. However, the gains would be subject to 10% long-term capital gains taxation, which would be around ₹7.6 lakh. Debt MFs are taxed at a higher rate based on the investor’s income tax slab rate.

US consumer prices jumped at the start of the year, tempering hopes for a continued drop in inflation and likely delaying any Federal Reserve interest-rate cuts.

Morningstar is offering more choice for independent advisors in the US investing space with the addition of new third-party investment options to its wealth management platform.

The move underscores Ripple's commitment to regulatory compliance and enables the company to expand beyond its primary payments network into other blockchain-based financial products for institutional clients. Under the proposed deal, Ripple will gain access to Standard Custody's limited purpose trust charter and its money transmitter licenses, contributing to the firm's growing portfolio of regulatory licenses.

Discover 10 best feature-rich smartwatches under ₹50,000: Our best picks for you The HAMMER Active 3.0 smartwatch boasts a 1.39-inch Radiant IPS Always On Display, making it suitable for both men and women. With Bluetooth calling and SOS functionality, it ensures connectivity and safety. Its premium build includes a metallic zinc alloy and IML shell, with dual buttons for smooth navigation.

The head of Rothschild & Co.’s Canadian office has left the storied investment bank as it grapples with a prolonged slump in dealmaking that’s hurt the entire industry.

Supreme Court on Tuesday asked Attorney General R Venkataramani to inform it whether a prosecution has been carried out ever under the provision of mandatory capital punishment to an individual who fabricates false evidence against an innocent member of a scheduled caste or a scheduled tribe. A bench of Justices Surya Kant and K V Viswanathan was hearing a PIL filed by advocate Rishi Malhotra, who has sought striking down of the mandatory death penalty provision under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989. Section 3 (2) of the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 stipulates mandatory death sentence in a case where an innocent member of a scheduled caste or a scheduled tribe is convicted and is executed in consequence of a false and fabricated evidence given by the concerned accused. As the hearing commenced, Venkataramani submitted that it is important to have some data as to whether offences under this provision have occurred at all.

The Bill was passed by the two Houses of Parliament in the Budget session which concluded on February 10. It seeks to prevent the use of «unfair means» in public examinations and bring «greater transparency, fairness and credibility». It got the President's approval on Monday and shall come into force on a date decided by the Central Government by notification in the Official Gazette.

Turnover meaninghow rapidly a business receives cash from its accounts receivable or selling its inventory. Analysts and investors use turnover ratios to ascertain if a company is known for a good investment. Some basic types of turnover consist of: As discussed above, turnover is a synonym for revenue, it is of utmost importance for survival and growth for any company or organisation to continue its operations.

Paybybd, they understand the importance of seamless payment methods. That's why they provide a specialized and fully automated API designed to simplify peer-to-peer payments effortlessly. This API enables businesses to quickly adopt the most common regional payment methods.

partner program is a unique way to earn money by attracting clients to Binomo and Stockity trading platforms. Two prominent platforms that have gained attention in the financial markets are Binomo and Stockity, each offering unique trading features and opportunities. This article delves into the Affiliate Top partner program associated with Binomo and Stockity, the plans it offers, and the earning potential for affiliates.

earbuds. If you are looking online for the perfect earbud to gift your loved one this special day then you reached the right page. We have curated a list of the best earbuds for women that you can consider gifting your partner this Valentine's Day.

Guaranteed return products such as fixed deposit (FD), public provident fund (PPF) and government bonds are a popular choice among Indian investors. These schemes offer you a fixed lump sum amount, a mandatory commitment for a predetermined period, and an assured fixed rate of interest. Investors enjoy the security of a guaranteed rate of return, with certain options offering additional tax benefits.

By Nitin Kumar

As the adage goes — ‘Failing to plan is planning to fail’ — and this holds true, especially when it comes to retirement planning. In India, where the population is aging rapidly, it becomes imperative to chart a tax-smart retirement plan for a secure financial future.