Provident Financial News

RBC Wealth Management has added a five-member team that oversaw $610 million in client assets at Truist, the firm announced Friday.

Karnataka's information technology minister Priyank Kharge on Friday announced that 817 startups have enrolled for Elevate 2023, the state's programme for backing startups with disruptive ideas. The response underscored Karnataka's status as the most favourable environment for innovation and entrepreneurship, the minister said in a post on social media platform X. «The Government of Karnataka is committed to supporting startups’ growth by providing comprehensive assistance in every possible manner,» he added.

government has appointed Chhatradhari Caterers to provide food and beverages at Deputy Chief Minister Ajit Pawar's official residence 'Devgiri'. The catering contract is set to run until April 2025, with an annual cost of Rs 1.5 crore. This decision follows similar appointments made ten months ago for chief minister Eknath Shinde's official residence 'Varsha'and deputy chief minister Devendra Fadnavis's 'Sagar' at an estimated cost of about Rs 5 crore annually.

By David Carnevali

The Indian economy grew 7.7% in the year's first half, prompting economists to revise their growth forecast upward, but the first advance estimates based on first eight months data, point to an even higher growth. The Reserve Bank of India had pegged growth at 7%, whereas the ET poll median suggested 6.7% growth. The government estimates highlight the economy may grow 6.9% in the year's second half, spurred by higher investment and manufacturing. “India’s GDP growth for FY24 as per FAE at 7.3% has come as a positive surprise. The stellar growth has been led by the manufacturing sector and construction sector, while there has been some moderation in the services sector growth,” said Rajani Sinha, chief economist, CareEdge. Investment rate, measured as gross fixed capital formation as a proportion of nominal GDP, is expected to rise to a nine-year high of 29.8% in FY24, compared with 29.2% in the previous year. Economists noted that the 10.3 % growth in gross fixed capital formation, a proxy for investment, in FY24 reflects the sustained focus of the government on capex. “This is more heartening because it has come on high base of FY23, whereby GFCF had grown 11.4% yoy,” said Sunil Kumar Sinha, principal economist and Paras Jasrai, senior analyst, India Ratings & Research.

Fool Me Once has concluded its season, leaving viewers on the edge of their seats regarding the fate of Richard Armitage's character, Joe Burkett. Was Joe dead or alive by the end of the series? This article contains spoilers for Fool Me Once's season finale, so proceed with caution.

Retik Finance ($RETIK): The powerhouse of Q1 2024 Retik Finance takes centre stage as a force to be reckoned with in Q1 2024, presenting itself as the main contender for maximum profits. The platform's motto, «Empowering Finance, Enabling Freedom,» underscores its commitment to revolutionising the financial landscape through decentralised finance (DeFi) solutions. Presale Momentum and Transition Retik Finance is currently in its 4th stage of presale, offering tokens at a highly attractive $0.060 per RETIK token. The presale has witnessed substantial success, with Retik raising over $4.9 million. As Q1 unfolds, Retik Finance is poised to transition from $0.060 to $0.15 upon listing, providing a significant window of opportunity for investors to capitalise on the upward trajectory.

STAAH, has revealed the top channels across its network of over 19,000 properties. Gobibo and MakeMyTrip owner, GoMMT took the top spot for six years running.

Mahendra Singh Dhoni. The former cricketer has filed a criminal complaint against his ex-business partners with whom he formed a sports management company, for robbing him of Rs 15 crore through fraud. The two suspects named Mihir Diwakar and Soumya Vishwas had allegedly signed the cricketer in 2017, to open a global cricket academy named Aarka Sports & Management in his name, but violated the conditions.

YouTuber Logan Paul is offering refunds for the never-released CryptoZoo NFT game – if he deems the NFTs eligible “in his sole discretion.” Also, former owners relinquish all right to sue.

Sri Lanka has declared a moratorium on foreign research ships entering its waters for a year amid concerns from India over Chinese research vessels docking in its neighborhood. Though the moratorium comes ostensibly for capacity building it is seen as a reaction to growing concerns in India.

Godrej Consumer Products on Friday provided a quarterly update wherein it has said that the reported volume growth in India continues to be double digit for the quarter ended on December 31, 2023. The FMCG giant also stated that the operating environment continues to remain similar to the second quarter.

Karnataka Bank and Satin Creditcare Network have entered a co-lending arrangement to provide financial support to joint liability groups (JLG) of economically active women, in both rural and semi-urban areas, and to give impetus to the micro credit facilities segment of the country. The arrangement will leverage Karnataka Bank’s low cost of funds and end-to-end digital capabilities and Satin through Yubi platform for co-lending to help the sourcing, servicing and recovery of small-ticket income generation priority sector loans, a statement from Karnataka Bank said. Karnataka Bank MD & CEO Srikrishnan H said: “Karnataka Bank is delighted to enter into this strategic co-lending arrangement with Satin through the platform of Yubi, our Fintech partner. This is part of our stated strategy to collaborate and grow our Advances book in alliance with Fintech partners and controlling the in-flow with the Bank’s credit standards.

₹15 crore, reported NDTV. According to the report, a complaint has been filed against Mihir Diwakar and Soumya Vishwas in Ranchi court in connection with a 2017 business deal. Earlier in 2017, to open cricket academies across the world in the cricketer's name, Diwakar had reportedly signed a deal with Dhoni.

GST increase by the Finance Minister, that it has been hit with last year." Singh pointed out that this borderless industry, fueled by innovation, is facing an unlevel playing field for Indian companies, leading to closures, downsizing, and razor-thin profit margins. He highlighted the global scale of the Online Games industry, which is nearly three times the size of the combined worldwide Movie and Music industry.

₹88,600 if they opt to purchase one of these sedans by January 31. This month, the Honda City is eligible for the highest benefits, allowing buyers to avail savings of up to ₹88,600 on the sedan purchase. The City comes with a cash discount of ₹25,000 or the option of complimentary accessories valued at ₹26,947.

OY, PIONEERS! Please tell me you’re not taking the average compact crossover wagon into the boonies. The salesperson might have told you it had all-wheel drive, and it probably does, sort of. But such systems are often surprisingly feeble off road.

₹70,000, there are some fantastic choices that offer a balance of performance, reliability, and future-proofing. This guide is dedicated to unravelling the eight best desktop computers that not only fit this budget, but are also ideal for beginners venturing into the world of computing. The focus here is on models that offer the best combination of processing power, memory, storage, and graphics capabilities, without overwhelming the novice user.

₹1.5 lakh to taxpayers for investing in various specific instruments and expenses like PPF, life insurance, ELSS, National Savings Certificate, etc. Experts believe there is an urgent need for a different tax exemption category for term insurance. “We have been asking the government to introduce a separate tax deduction limit for life insurance for the last 5 to 6 years but nothing has happened.

Central Government Employees can now open National Pension System (NPS) accounts through eNPS, a digital platform. «It (eNPS) facilitates the effortless opening of NPS accounts for the Government employees, empowering them to do so in a paperless, user-friendly manner,» according to the master circular recently released by the Pension Fund Regulatory and Development Authority (PFRDA). What is eNPS? Who can open NPS accounts through eNPS? eNPS is a digital platform that will allow Government sector employees — the employees of the Central Government, the employees of the State Government employees, the employees of Central Autonomous Bodies (CABs), the employees of the State Autonomous Bodies (SABs) to open NPS account in an easy paperless mode.