Provident Financial News

medical insurance policy year after year. Those policyholders who bought their insurance policy four to five years ago should make sure that the sum assured of their policy is in tune with growing inflation and rising medical costs. There are several ways to expand your sum assured.

Also Read: Budget 2024 brew: Alcobev players pitch for uniform tax, excise duty cuts; ENA price relief, input tax credit hold key The Gem & Jewellery Export Promotion Council (GJEPC), representing India’s global gem & jewellery trade, has proposed several recommendations to the government ahead of the upcoming budget. “Gem and Jewellery exports have been facing a challenging time on account of the economic downturn in key export markets, geo-political concerns, supply and demand side constraints in the global diamond industry, and unavailability of precious metal in the country among others.

Union Budget 2024: India is making strides on global platforms ranging from local production boost to attracting foreign companies to shifting supply chains from rival China as it harbors dreams of becoming the third largest economy. The women of modern India have largely breached the patriarchal walls and are joining the workforce at a moment when Bharat is also seeing a paradigm developmental shift. Read our full Budget 2024 coverage here In today’s Narendra Modi-government-led India, the Nehruvian philosophy of asserting the condition of a nation by looking at the status of its women is still true and perhaps it will forever be valid. World Bank data shows India’s female labour force participation rate was 19.2% in 2021, contributing 17% of the country’s gross domestic product (GDP), which is relatively low for a nation dreaming of becoming a $5 trillion economy by 2025. The International Monetary Fund (IMF) stated that achieving gender equality in India, meaning equal participation of women in the labor force as men, could potentially elevate India's GDP by 27%. According to the World Bank, Indian women contribute to the economy at 17% of GDP, which is less than half of the global average. If approximately 50% of women could join the workforce, India might increase its growth by 1.5 percentage points, reaching 9% annually.

₹6,000 crore in Maharashtra. The Indian unit of the Korean carmaker announced the deal in March 2023. With the acquisition, Hyundai's production capacity is expected to surge to one million from more than 800,000 currently.

BSE SME with tentative listing date fixed as Monday, January 29, 2024. Euphoria Infotech India IPO subscribed 8.77 times. The public issue subscribed 21.98 times in the retail category, 0.12 times in QIB, and 6.78 times in the NII category by January 19, 2024 12:59:00 PM as per Chittorgarh.com data Also Read- EPACK Durable IPO opens today: GMP, subscription status, review, other details. Buy or not? Meanwhile, shares of Euphoria Infotech India Limited are available for trade in grey market.

UIDAI) has announced modifications to the Aadhaar (Enrolment and Update) Rules, introducing separate forms for residents and non-resident individuals. The circular, dated January 16, 2024, outlines key changes and requirements for Aadhaar enrolment and updates. NRIs, whether minors or adults, holding a valid Indian Passport, are now eligible to apply for Aadhaar from any Aadhaar Kendra. The latest circular specifies that for NRI children, a valid Indian passport is the only accepted Proof of Identity (POI) and Proof of Address (POA). Additionally, for both resident Indians and NRIs born on or after October 1, 2023, a birth certificate is now mandatory. The revised Form 1 will be used for Aadhaar enrollment for those aged 18 and above, whether residents or non-residents with proof of address in India. NRIs must provide an email address as part of their Aadhaar details, and according to Form 1 standards, no SMS or text messages will be sent to non-Indian cellphone numbers provided by NRIs. A valid Indian passport is the sole accepted POI for NRIs, and Form 2 is designated for NRIs enrolling or updating with an address outside of India. Forms 3, 4, 5, and 6 are specified for enrolling children with varying age categories and addresses, distinguishing between residents and NRIs. For resident foreign nationals above 18 years, Form 7 is to be used, requiring details of foreign passports, OCI cards, valid long-term visas, or Indian visas for enrolment. The inclusion of an email ID is mandatory in this category. Form 8 is designed for resident foreign nationals below 18 years, requiring parental or guardian authentication and consent.

Mark Zuckerberg has announced that his company is entering the race to make an artificial general intelligence system or AGI, reported The Verge. The 39-year-old tech leader did not provide an exact definition or a timeline for creating AGI but did mention that he is making some changes in the Meta's AI research group.

Indian Railway Finance Corporation (IRFC) achieved a significant milestone today as its market capitalisation surpassed ₹2 lakh crore for the first time, making it the ninth Indian PSU firm to achieve this feat. The stock in today's trade hit a new all-time high of ₹158.50 apiece. Over the past 10 months (including January), the stock has exhibited a remarkable upward trajectory, witnessing an extraordinary gain of 495%.

the S1 X. While there is no specified timeframe for when S1 X owners can expect to receive this update, the electric vehicle manufacturer has assured that it will be available to them in the near future. The MoveOS 4 from Ola marks the third significant software update released by the electric two-wheeler manufacturer in the past two years.

Hyundai Motor India on Friday said it has completed the acquisition of General Motors India's manufacturing plant at Talegaon in Maharashtra. The country's second-largest carmaker also announced that it will invest Rs 6,000 crore in Maharashtra as part of an agreement inked between the company and the state government in Davos. The acquisition of the Talegaon facility has been completed after the fulfilment of certain conditions and the receipt of regulatory approvals from relevant government authorities and relevant stakeholders, Hyundai Motor India said in a statement.

Coaching Centre New Rules: The Central government has issued new guidelines for coaching centres, aimed at ensuring the safety and well-being of students. According to the guidelines, coaching centres can only enrol students who are at least 16 years old or have passed the Class X Board exams.

Wealthtech platform Share.Market aims to give a new dimension to discount broking in India by offering quantitative research and market intelligence that can facilitate sustained wealth creation for both retail investors and traders. “As we look to scale, we would endeavor to further strengthen our product to help retail and mass affluent investors in investment decision-making and inculcating investment discipline that is necessary for long-term wealth creation,” says Ujjwal Jain, CEO of Share.Market. The wealthtech platform plans to go live with futures & options trading by the end of March, and will look at adding more products to its portfolio in the near future. Edited excerpts from an interview with ETMarkets: How was 2023 for your wealthtech platform, a year that was highly rewarding for equity market investors? Ujjwal Jain: In 2023, our wealth platform experienced significant success, marked by our foray into stock broking with the launch of Share.Market in late August 2023, thereby rounding out our wealth offerings.

Steiner AG, the wholly-owned subsidiary of Hindustan Construction Company (HCC), on Friday said it has concluded the sale of its construction business subsidiary, Steiner Construction SA, to Demathieu Bard for approximately CHF 98 million (Rs 928 crore). Demathieu Bard is an international construction group headquartered in France.

Suzuki Motorcycle India Pvt Ltd on Friday said it has partnered with SMFG India Credit Co Ltd (formerly Fullerton India Credit Co) to provide financing on purchase of its two-wheelers. The two companies have entered into an MoU for the same, Suzuki Motorcycle India Pvt Ltd (SMIPL) said in a statement.

Agriculture Minister Arjun Munda. The sowing of wheat, the main rabi (winter) crop, that began in October has been completed. Uttar Pradesh, Madhya Pradesh, and Punjab are the top three states having the maximum area under wheat coverage.

IndoSpace, India’s leading developer and owner of Grade A industrial real estate, has entered into a pact with the government of Maharashtra at the World Economic Forum in Davos to invest additional over Rs 700 crore in the state. The company plans to expand its footprint by acquiring around 100 acres in the Chakan-Talegaon region. This move is expected to create new job opportunities and boost the region's economic growth, IndoSpace said in a release. “IndoSpace's strategic approach to enhancing Maharashtra’s industrial and logistics infrastructure has strengthened further with the signing of this MoU with the Maharashtra government. This collaboration will propel IndoSpace's expansion in the Chakan-Talegaon region, creating sustainable and efficient industrial spaces that will drive India's economic growth,” said Rajesh Jaggi, Vice Chairman — Real Estate, Everstone Group. IndoSpace currently manages over 500 acres across nine international-standard industrial and logistics parks in the Chakan area.

UIDAI issued a notification to amend the Aadhaar (Enrolment and Update) Rules. The UIDAI has released new forms for the resident individuals and non-resident individuals (NRIs) for Aadhaar enrolment or updation purposes. Here is everything you need to know According to the new rules, an Aadhaar card holder can now update information via online or offline mode.

The mood of the global elite meeting in Davos, Switzerland, is a useful indicator for investors—as long as they do the opposite. When the elite are depressed, buy. When they’re positive, sell.

Spanish court has ruled a former Facebook moderator's mental health was damaged by his work reviewing graphic content such as beheadings, in a case that could have implications for how social media firms work with moderators. The Barcelona court, upholding a decision by Spain's social security agency, said the psychiatric treatment the subcontracted moderator required was due to work-related issues, meaning he is entitled to extra compensation for sick leave.

NEW DELHI : India will not negotiate on any farm issue at the World Trade Organization (WTO) until the body finds a permanent solution to the issue of public stocks of foodgrains, a government official said, signalling a hardening of position ahead of the world body’s next ministerial meeting. India wants the matter settled as it prepares for the WTO’s 13th ministerial meeting in Abu Dhabi from 26-29 February. The ‘ministerial’ is the highest decision-making forum at the 164-member rule-setting body.

Indian ambassador to Qatar and embassy officials met the eight detained veteran Navy officials and a legal team is looking into the appeal aspect as 60 days have been provided to file an appeal, the Ministry of External Affairs said on Thursday. «Our ambassador, along with our embassy officials, met the eight detained.