Provident Financial News

10.01 / 09:28

markets IPO Provident security WhatsApp Healthcare band Medi Assist Healthcare IPO price band fixed at Rs 397-418 apiece

In the OFS, promoter Vikram Jit Singh Chhatwal and promoter group entities Medimatter Health Management and Bessemer Health Capital will offload part of their stakes in the IPO. Chhatwal owns 3.69% stake in the company, while Medimatter and Bessemer hold 27.94% and 35.92% stakes, respectively. Investors can bid for 35 shares in one lot and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors. On listing, Medi Assist will be the first insurance third-party administrator (TPA) in India to hit the Street.

10.01 / 09:27

UPS Provident Target Reuters Election Food Research There's a knot in Sitharaman's interim budget purse strings

Budget 2024: Speaking at an event by industry chamber CII a month ago, Finance Minister Nirmala Sitharaman casually remarked that the upcoming Interim Budget might not have any «spectacular» announcements. If you also consider the BJP's recent victories in three big states which are seen to have placed the party on a strong footing for the Lok Sabha elections in May, you can assume that the Interim Budget, to be presented on February 1, will be shorn of any grand populist schemes that require hefty financial support. Catch our full Budget 2024 coverage here The BJP-led NDA government at the Centre, however, may not let the opportunity a pre-election budget presents go waste.

10.01 / 09:16

markets IPO Provident security Experts show Updates Sebi puts Malappuram Finance's arm Asirvad Micro Finance IPO on hold

Capital markets regulator Sebi has kept in «abeyance» the proposed Rs 1,500 crore Initial Public Offering (IPO) of Asirvad Micro Finance, a subsidiary of listed NBFC Manappuram Finance. However, the Securities and Exchange Board of India (Sebi) did not clarify further. Reacting to the development, shares of Manappuram Finance plunged as much as 7.45 per cent to a low of Rs 163.40 apiece on the BSE on Wednesday.

10.01 / 08:48

Provident Assurant Parke Highways reports travelers Updates open Mumbai Delhi-Mumbai Expressway: Another stretch set to open in next few months. Here's the latest update

Delhi-Mumbai expressway is anticipated to be ready for travel in the next few months, a TOI report stated. The completion of this section will enable commuters to enjoy a seamless ride from the national capital to Surat.

10.01 / 08:03

Provident Bill Trade country cover electronic information EU moving towards paperless customs system from June; Indian exporters must prepare to comply

EU norms as the European Union is moving towards a paperless customs process from June 3 this year. The development assumes significance for domestic exporters as the European Union (EU) accounts for about 17 per cent of India's total merchandise exports. In 2022-23, India exported goods worth USD 75 billion to EU as against the country's total exports of USD 451 billion in that financial year.

10.01 / 07:19

Provident information Courts Investigations "Investigation underway...," Goa Chief Minister on murder of 4-year-old boy

Goa Chief Minister Pramod Sawant on Wednesday said that the investigation is continuing into the case in which a four-year-old boy in Goa was murdered allegedly by his mother who was subsequently arrested from Karnataka's Chitradurga. «As soon as the police found something suspicious, that woman was immediately arrested. An investigation is going on, and police will reach the very end of the case,» Sawant told ANI.

10.01 / 07:04

Provident FIVE Aware security Food cover Headlines NOT Why nutrition, not hunger alleviation, needs to be India’s primary focus

amrit kaal’, or golden era, is eliminating hunger in India. That is why the government decided to extend the Pradhin Mantri Garib Kalyan Anna Yojana, or PMGKAY, scheme, which aims to provide free foodgrains to the poor for another five years beginning this month.

10.01 / 06:29

COST UPS Provident Healthcare recommendations patient prevention Is Narayana Health Insurance model a gamechanger for India’s healthcare system?

A new combination of health insurance and healthcare has been launched in India, with the managed healthcare or integrated healthcare scheme announced by Narayana Health Insurance. It aims to do away with the misalignment of incentives in the traditional health insurance model, and lays emphasis on proactive diagnosis and treatment. In the traditional health insurance model, the healthcare provider and the payer of the healthcare, the insurer, find themselves at odds, the conflict taking place at the expense of the consumer/patient.

10.01 / 06:24

markets Provident Citizens security Mobile information Features open How to open a PPF account for tax exemption purposes? A step-by-step guide

Public Provident Fund (PPF) stands out as a highly favoured choice for individuals in India looking to make tax-saving investments. Its enduring popularity can be attributed to various compelling reasons: Triple tax exemption: PPF enjoys the exempt-exempt-exempt (EEE) status, ensuring that investments, earnings, and maturity proceeds remain entirely exempt from taxes. This feature sets it apart as notably appealing compared to other tax-saving schemes.

10.01 / 05:31

markets Provident Target Action trends reports Updates Housing demand trend to stay intact, says Jefferies; downgrades Prestige, Sobha, upgrades Mindspace REIT

Also Read: Delta Corp shares plunge 5% after weak Q3 FY24 earnings “Also, the government reintroducing the interest subvention scheme (guidelines likely in Feb24 budget) could provide a trigger. We expect some demand to shift to mid-end or affordable in 2024," Jefferies said in a report. The brokerage noted that inventory was at cycle lows at 17-months supply, which should keep pricing strong (10% gains) in 2024.

10.01 / 04:14

Provident War voice shock peace Loss of lives unacceptable, dialogue only way forward: India on Israel-Hamas war

Israel on October 7, which were shocking and deserve our unequivocal condemnation. India has a zero-tolerance approach to terrorism," Kamboj said.

10.01 / 04:11

markets Provident Strategy Remark students consequences guidelines asset allocation What is the 100-age rule of asset allocation? MintGenie explains

investment options. These encompass: Simplicity and user-friendliness: The rule is remarkably straightforward to comprehend and implement. Anyone can effortlessly calculate their desired equity allocation by subtracting their age from 100.

10.01 / 01:48

Provident FIVE Entertainment security Sustainability Diversity Equality Gruhas, Collective Artists launch fund for consumer firms

MUMBAI : India-focused venture capital fund Gruhas, backed by Nikhil Kamath, and creator marketplace Collective Artists Network have launched Gruhas Collective Consumer Fund (GCCF) to back emerging consumer-focussed companies. GCCF will raise and deploy ₹150 crore initially, with both Gruhas and Collective Artists contributing an equal amount to the fund, and subsequently securing additional fund from external sources. The fund will seek to sustain an average deal size of about ₹8 crore ($1 million) each.

10.01 / 00:46

markets Provident Manufacturing CEO reports Department GE business to fill order for turbines to power Western Hemisphere's largest wind project

One of the world's largest renewable energy developers will be getting hundreds of wind turbines from General Electric business GE Vernova as part of a record equipment order and long-term service deal

10.01 / 00:38

Provident Platform security reports Department prevention Courts New rule tightens worker classification standards; Uber, Lyft say their drivers won't be affected

The Biden administration enacted a new labor rule Tuesday that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster both legal protections and compensation for millions in the U.S. workforce

10.01 / 00:25

Provident MET security community Justice reports Permission for Rahul Gandhi’s rally from Hapta Kangjeibung is under active consideration: Manipur CM N Biren Singh

Rahul Gandhi’s rally from Hapta Kangjeibung ground in Imphal East district on January 14 is under active consideration. The government is taking reports from various security agencies and after getting reports the government will take a decision. The Manipur government is yet to give permission to use the Hapta Kangjeibung ground in Imphal East district for the launch of Bharat Jodo Nyay Yatra.

09.01 / 23:41

Provident Entertainment Sony bass Equality Features Best soundbars with subwoofers for deep bass and clear sound top 10 choices

Best soundbar subwoofer: 10 picks for top-notch surround sound experience The Zebronics Juke Bar 9530 Pro Dolby Soundbar is an exceptional sound system that gives unparalleled performance. This soundbar with best bass has 5.1 CH surround sound and a whopping 340W output. The subwoofer-enhanced setup includes triple drivers for immersive audio quality, a 16.51cm subwoofer, and dual rear satellites, all meticulously crafted to provide supreme acoustics.

09.01 / 23:30

COST Citi Provident Assurant President country social 2024 Joe Oliver: 2024 could be a pivotal year, politically, economically and culturally

The year just beginning could be a watershed, with turning points in politics, economics and culture, provided common sense and moral clarity prevail both here and abroad.

09.01 / 23:25

markets Provident CEO wellness Latin strain Bank CEOs expect to put more money aside for bad loans amid higher rates

Canadian bank CEOs expect to put more money aside for potential bad loans this year but still see borrowers overall managing well through higherinterest rates.

09.01 / 23:02

Provident Digital Booking Fighting testing Courts Traffic ChatGPT-maker braces for fight with New York Times and authors on 'fair use' of copyrighted works

A barrage of high-profile lawsuits in a New York federal court will test the future of ChatGPT and other artificial intelligence products that wouldn’t be so eloquent had they not ingested huge troves of copyrighted human works

09.01 / 22:44

Provident Extreme Landmark Bill country rights International South Korea’s parliament passes landmark ban on production and sales of dog meat

South Korea’s parliament has passed a landmark ban on production and sales of dog meat, as public calls for a prohibition have grown sharply over concerns about animal rights and the country’s international image

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