Provident Financial News

PTI reported while citing the order issued by Additional DCP (law and order) Hridesh Katheriya. ALSO READ: Ayodhya Ram temple's first visuals ahead of 'pran pratishtha' ceremony: Watch "The live telecast of Shri Ram Mandir Pran Pratishtha is scheduled on January 22 along with Diwali programme. Then the birth anniversary of late Hazrat Ali on January 25 and Republic Day celebration on January 26," Katheriya was quoted as saying.

Sonowal on Saturday said the country is moving towards an integrated approach where the Ayush system of medicine will be used along with the modern ones. The minister also laid the foundation stone for 'Ayush Diksha', a first-of-its-kind centre for the development of human resources for ayush professionals in future. The centre will be developed on the campus of Central Ayurveda Research Institute, Bhubaneswar.

IDFC First Bank Q3 Results: IDFC First Bank announced its October-December quarter results for fiscal 2023-24 (Q3FY24), reporting a rise of 18.4 per cent in net profit at ₹715 crore, compared to ₹604.6 crore in the year-ago period. The private sector lender's net interest income (NII) - the difference between interest earned and interest expended - rose 30.5 per cent to ₹4,286.6 crore, compared to ₹3,284.3 crore in the corresponding period last year.

WASHINGTON — Today, the Biden administration announced the cancellation of nearly $5 billion in student debt for an additional batch of 74,000 borrowers. This move is a targeted relief effort after the Supreme Court blocked a more expansive $400 billion loan forgiveness plan in June 2023.

Madras High Court on Friday dismissed the appeals of Indian startups who challenged Google's app billing policy but has provided interim relief by asking Google not to delist the startups' mobile applications for three weeks from the Play Store. The formal order is expected to be released on Monday, sources told ET. The Madras High Court had in August 2023 dismissed petitions by the companies which included the likes of Bharat Matrimony, Shaadi.com, Unacademy as well as seeveral others against Google’s in-app billing policy.

Mahantesh Sabarad, Independent Market Expert, says “most of the banks, like I have told you before, now have a problem related to growth because the deposit growth, which was lagging in the past, has caught up for the past three-four months but is not enough. That means that the growth on the advancing side is going to be constrained.” What is your first sense on the numbers, the profitability is a smidge lower. But if I am looking at other internals, they do not look too bad. What's your initial take? Mahantesh Sabarad: I have not been able to look at NPA numbers, let me know, because that was what was a little crucial for them to look at. And from a perspective of growth, which is the advances growth, I do not think they have achieved a great number. The net NPA percentage has come down to 0.34 versus 0.37 last quarter and net NPA stands at 1.73 versus 1.72. So there is a smidge of, you know, decline in gross NPA, but net NPAs have actually improved. Mahantesh Sabarad: I have been able to read it from a stand-alone perspective. So there is not much in terms of a material improvement in the asset quality for them. What was expected is that they were working on the asset quality related issues but that does not seem to have come down for them. As far as the top line, which is the NII is concerned, it suggests that the NIMS are steadier for them. So the result seems to be alright. But the NPAs are a little worry.

Persistent Systems on Saturday said that its has board approved splitting the value of shares in the ratio of 2 for 1. The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing. This is the first time the company will be splitting the shares since it got listed.

aviation regulator DGCA to take strict action against the airline. IndiGo Airlines responded to the allegations and said that the flight was diverted due to bad weather conditions in Ranchi and all passengers were provided with meals. The airline added that it gave the option to passengers to either choose a refund or alternate flight.

Finance Minister Nirmala Sitharaman is all geared up to present the budget for the fiscal year (FY) 2024-25 on 01 February 2024, for the sixth consecutive year. So far, India has witnessed 91 budgets, which are 73 annual budgets, 14 vote-on-account or interim budgets and 4 special budgets, or mini-budgets. The upcoming Lok Sabha elections this year will mark the country’s 15th Interim Budget.

Credit cards have become an integral part of our financial landscape, offering convenience and flexibility. However, maximising the benefits of your credit card requires strategic planning and responsible usage.

Retirement fund body EPFO has said it will no longer use Aadhaar as a valid document for proof of date of birth. In an official circular on January 16, the Employees’ Provident Fund Organisation (EPFO) said the decision to remove Aadhaar was taken following a directive from the Unique Identification Authority of India (UIDAI).

Gaurav Gupta, former co-founder, Zomato has launched his startup-Gabit. The healthtech startup focuses on the belief of interconnected living while offering personalised meal plans, fitness wearables, fitness plans, skincare products and heathcare products, all under one umbrella.

The New Tax Regime under Section 115BAC of the Income Tax Act 1961 was introduced with the objective of enhancing the number of electronic tax filings and bringing transparency in the Income Tax Returns. The statistics shared by the department recently show a huge growth in e-filings, but the irony is that a limited number of individuals have opted for the New Tax Regime. A total of 7.33 crore personal tax ITRs have been reported by the Department for the Assessment Year 2023-24 as against 6.86 crore in A.Y. 2022-23, marking a growth of 6.79%.

EPC company Salasar Techno Engineering Ltd (STEL) on Saturday said its board has a proposal to merge Hill View Infrabuild Ltd with itself.

The Indian real estate sector has registered record-breaking growth numbers in 2023. Now, with the Union Budget 2024 around the corner, the real estate sector is hopeful of transformative reforms to be addressed in the announcements. By allocating resources and implementing favorable policies, the government has the potential to catalyze this sector, fostering job creation and stimulating economic activities.

Health insurance is vital to safeguard your financial well-being. However, an unexpected rise in the premium at the time of renewal can strain your budget. Healthcare inflation has been consistently above consumer price index (CPI) inflation since FY18. Insurers have hiked prices across both retail and group schemes because of the adverse loss ratios in the past couple of years. Here are some practical steps to prevent your health insurance premium escalating beyond your comfort zone.

Digital payments major PhonePe on Thursday announced that it has sold over 9 million policies, since launching their insurance platform in September 2021, with 4 million of those coming in the last year alone.

In the ever-evolving financial landscape of 2024, Indian investors are increasingly seeking strategies to maintain and enhance their financial stability. With a focus on personal finance, here are some key resolutions to help Indian investors navigate these waters effectively.

demat accounts, ATMs, and Credit Cards. In a circular dated 12 January, the Securities and Exchange Board of India (Sebi) has planned to offer the facility of voluntary freezing or blocking of the ‘Trading Accounts’ by clients. SEBI's new security measure will allow customers to voluntarily freeze their trading accounts using various security measures, lowering the likelihood of unlawful trades.

As finance minister Nirmala Sitharaman gears up to present the vote-on-account budget for fiscal year 2024-25 (FY25) on 1 February, India's economy finds itself at a crucial juncture. The mix of current macroeconomic indicators presents both opportunities and challenges for the finance minister. On the bright side, growth projections are promising.

, Apple unveiled two additional configurations: a version with 512 gigabytes of storage for $3,699 and a top-end model with a capacious 1 terabyte of space for $3,899. The base model comes with 256 gigabytes of storage. Complementing the headset, Apple will offer a carrying case for $199, additional batteries for $199, and extra bands priced at $99 each.