Provident Financial News

Day trading guide for today: On account of strong sentiments in Asian stock market, Dalal Street ended higher for fifth straight session on Thursday. Nifty 50 index ended at 21,778 levels after climbing to a new peak of 21,801. BSE Sensex finished at 72,410 levels after hitting record high of 72,484.

Catch Live Market Updates here The domestic equity benchmarks reached a new peak on Thursday and ended higher for the fifth consecutive session amid widespread buying. The Sensex closed 371.95 points higher at 72,410.38, while the Nifty 50 gained 123.95 points, or 0.57%, to close at 21,778.70. Nifty formed a reasonable positive candle at the highs, which indicates an uptrend continuation pattern.

Siddhartha Mohanty requested regulators to allow the insurance giant access to a central bank database on large firms while pushing for more assets to be made available for insurers to invest in. «It will be a little selfish to say, with regards to LIC, when multiple regulators are there, there are certain issues. Some issues will be process-related and some policy-related,» Mohanty said at an event organised by State Bank of India. «Like a small issue, suppose the CRILC (Central Repository of Information on Large Credits).

Pop star Cher has filed for a conservatorship of her son Elijah Blue Allman over claims that his life is “at risk” due to “severe mental health and substance abuse issues.”

NEW DELHI : The government plans to certify individuals who may not have the prescribed qualifications to be healthcare practitioners but bear knowledge gained from previous generations for certain treatments, such as for snake bites, jaundice, and bone-setting, two officials said. “They have the expertise and experience, but they do not have any qualification or formal degrees and it stands in the way of their social acceptance," one of them said.

₹10,000 invested per month for 15 years in public provident fund PPF @ 7% per annum will grow to ₹32 lakh versus ₹50 lakh if invested in equities at 12% p.a. Experiential vacations, luxury car, if really important for the person, can be realized through bonuses. Of course, paying off debt should always be the first choice for lump sum funds.

Perpetuals trading protocol Levana has fallen victim to an oracle attack, resulting in a loss of $1.14 million.

A privacy advocate has alleged that the Ledger Live wallet software monitors its users and gathers information about them.

Percy Jackson and the Olympians' continues to weave its intricate narrative, the fate of Thalia, a forbidden child entwined in the world of gods and demigods, takes a dramatic turn. Episode 2, «I Become Lord of the Bathroom,» introduces Luke's revelation about Thalia, hinting at her demise. However, episode 3, «We Visit the Garden Gnome Emporium,» unveils a surprising twist, revealing that Thalia did not meet death but instead underwent a transformative fate.

RBI) on keeping idle funds abroad, is forcing them to close their overseas bank accounts. At least two large British banks, one Swiss lender and a leading Emirates financial institution have snapped their relationships with more than two dozen resident Indians in the past two months, according to service providers and tax practitioners advising these individuals. They had opened the bank accounts by transferring funds overseas under the RBI’s Liberalised Remittance Scheme (LRS) which allows a local person to invest up to $250,000 a year in stocks, properties, and for maintenance of relatives among other things.

It’s the end of December and my inbox is flooded with pitches for mocktails, apps and lifestyle gurus ready to help you sober up after the holiday excess. So-called ‘Dry January,’ initially just a public health campaign, is now as fully commercial as Christmas and New Year’s Eve [in the US]. But according to data from Morning Consult, fewer people in the US participated in Dry January in 2023.

Assam government will sign a peace accord with the pro-talks faction of the United Liberation Front of Asom (ULFA), aiming to end decades-old insurgency in the northeastern state, officials said. Union home minister Amit Shah, Assam chief minister Himanta Biswa Sarma and more than a dozen top leaders of the pro-talks faction of ULFA, headed by Arabinda Rajkhowa, will be present during the signing of the peace agreement in the national capital. The accord will take care of a host of long-standing political, economic and social issues concerning Assam, besides providing cultural safeguards and land rights to the indigenous people, the officials said. The hardline faction of ULFA, led by Paresh Baruah, will not be part of the agreement as he has been consistently rejecting the olive branch offered by the government Two top leaders of the Rajkhowa group — Anup Chetia and Sashdhar Choudhary — have been in the national capital since last week and gave the final touches to the peace agreement along with government interlocutors, officials said. Those who have been talking to the ULFA faction from the government side include Intelligence Bureau director Tapan Deka and the government's advisor on the northeast affairs, AK Mishra. The Rajkhowa-led ULFA faction had begun unconditional talks with the central government in 2011, despite strong opposition from the hardline faction led by Paresh Baruah, who is believed to be residing at a place along the China-Myanmar border. The ULFA was formed in 1979 with the demand for a «sovereign Assam».

New Delhi: Dera Ki Gali, where terrorists ambushed an Army convoy killing four soldiers last week, is barely a few kilometres away from Bufliaz, the starting point of the 84-km Mughal Road, a relatively easier access to the Valley than the Banihal Tunnel, whose usage is curbed at times for security reasons. In many ways, this is the junction where J&K's politics wrestles with its complex security environment. Voting percentages start to dip while security forces begin to dominate along a less-trodden road axis across the Pir Panjal Pass to Shopian in south Kashmir.

international tax arena as India, alongside 110 other countries, voted in favour of a UN Tax Convention Framework. This resolution, backed by 125 countries a month earlier at the UN's Economic and Financial Committee, encountered opposition from 48 countries, notably wealthy OECD members, on both instances. OECD has been leading international tax reforms.

Physical calendars, like watches, probably have little use these days. But many still find them giving pleasure that no digital almanac can.

Shumang Leela (Meitei courtyard theatre) artistes have changed their occupation for a living. While some of them have begun driving auto rickshaw, others have taken up construction works like masonry etc., said lifetime secretary of Manipur State Shumang Leela Council, Shougrakpam Hemanta, who is also a comedian of the theatre group, on Thursday. In such a tough situation besieging the ill-starred artistes, Shumang Leela promoters expressed apprehension that the age old traditional form of theater will die if the violence spanning more than seven months continues unabated. The unique feature of Shumang Leela is that male artistes, in their group, play the roles of females, while women artistes, in their group, play male roles. Originally, Shumang Leela started as a comic genre presented to the kings and noblemen which ultimately developed into the current form, and over the years, it has become a powerful medium for mass education apart from providing entertainment as well as relaxation. Hemanta said that there are 15 male Shumang Leela groups and around 18 female groups in the state, and each group has nearly 20 artistes.

By Jonathan Landay

(Updated — December 28, 2023 11:58 AM EST)

Amrit Bharat Express trains, which Prime Minister Narendra Modi will flag off on December 30 from Ayodhya in Uttar Pradesh, are equipped with the latest technology to ensure that passengers do not feel any jerk at any point of the journey, railway officials have said. The trains will run between Darbhanga in Bihar and Anand Vihar in Delhi via Ayodhya, and Malda Town in West Bengal and Sir M Visvesvaraya Terminus in Bengaluru. With the help of semi-coupler technology, a unique innovation in train operations, Amrit Bharat trains offer a smooth journey across various destinations running at a maximum speed of 130 km.

The solvency ratio for public sector non-life insurers’ group is sub-optimal with three of the four PSU insurers recording the ratio below the baseline prescription, the RBI said in its report released on Thursday. The minimum solvency ratio requirement set by the Insurance Regulatory and Development Authority of India (IRDAI) for insurance companies in India is 150 per cent. The higher the solvency ratio, the better will be the ability of the insurer to meet its liabilities The report also noted that the solvency ratio for life insurance companies has been above the prescribed threshold for both public sector and private sector at an aggregate level. In case of mutual funds, the regulator’s analysis revealed stress including credit risk, interest rate risk, and liquidity risk in the case of 17 mutual funds.

«You can't fight the Fed» is a famous refrain repeated by most market participants throughout the years. Unfortunately, it is just not true. The truer statement is that «you can't fight the market.» Along these lines, I just read a bearish article and saw this comment, which also received a high number of «likes:»