Provident Financial News

₹620 apiece on NSE, a premium of 25.76% to the issue price of ₹493 per share. On BSE, India Shelter Finance share price began trading at a premium of 24.28% at ₹612.70 apiece. Catch India Shelter Share Price Live Updates here India Shelter Finance IPO opened for subscription on December 15 and concluded on December 18.

It’s been almost a month since news broke of an alleged plot to assassinate pro-Khalistan figure Gurpatwant Singh Pannun in the United States, with possible Indian involvement. In the weeks since, India and the US have scrambled to minimise damage to their relationship. Mint takes a look at how the two countries have responded and the impact on India-US relations.

BEIJING — Alibaba Group CEO Eddie Wu is taking over the top role at the company's Taobao and Tmall e-commerce business, replacing Trudy Dai in the Chinese internet tech giant's latest management shakeup this year.

'Opposition-less' Parliament? How many MPs are left after record suspensions Union Minister for Information and Broadcasting, Anurag Singh Thakur to move that the Bill to provide for press, registration of periodicals and matters connected therewith or incidental thereto, as passed by Rajya Sabha, be taken into consideration. Besides, the Bill to consolidate and amend the law relating to Criminal Procedure will also be taken into consideration on Wednesday.

The future of fueling looks promising, with renewable fuels and electric vehicles (EVs) among its options. Hydrogen-powered vehicles “Hydrogen is the fuel for the future and the most important way through which India can become a net exporter of energy,” said Union Minister for Road Transport and Highways, Nitin Gadkari. Hydrogen-powered vehicles are emerging as a viable alternative to traditional gasoline and diesel engines.

energy transition over the next decade isn’t technology or politics. It’s money. Reconfiguring the world’s power systems to eliminate carbon emissions is going to be a multi-trillion dollar investment project.

debt management remains a major issue for these organisations' growth and viability. B2B debt is common in SMEs due to credit sales, late payments, and long credit terms with clients and suppliers.

₹2,000 crore from the National Disaster Relief Fund to enhance initiatives aimed at supporting livelihoods and restoring public infrastructure in the southern districts of the state affected by recent floods. Stalin, in a memorandum submitted to Modi in Delhi, stated that this immediate relief would facilitate livelihood assistance for those affected and address temporary rehabilitation efforts in districts such as Tirunelveli, Thoothukudi, Kanyakumari, and Tenkasi.

Rohit Kapoor, CEO, Food Marketplace, Swiggy, says” India is not one and there are consumers who look for different features, different benefits. The pocket hero for the value conscious consumer was launched in Gurgaon, but now it has been scaled up to other cities as well. There are multiple initiatives. We keep listening to consumers, trying to figure out what they are looking for and also sometimes inserting things which they may not be looking forward to but we are excited about and which we believe will be big in the future.” My eyes almost popped out at some of the interesting findings that you guys had for the year gone by, 207 pizzas in a single day in Jhansi and I am sure the trends have been pretty marvellous! Anything that has really caught your eye? Anything that will continue into 2024? Being a Calcutta boy what caught my eye was that in Durga Puja Gulab Jamuns trumped Rasgulla, that was a little surprising coming from Calcutta and growing up there. I think two-three things are becoming very strong. One is there is a clear fusion of the modern and the traditional. So, in small towns we see hot dogs selling for example whereas samosas are right up there next to each other and so many such examples. So, India is traditional in food. There is a lot of joy in discovering what we have and also experimenting around the edges quite a bit.

Varun Beverages share price rallied over 17% to hit a fresh 52-week high on Wednesday after the company announced the acquisition of South Africa’s Bevco, which analysts believe to be a good value creation opportunity. Varun Beverages shares jumped as much as 17.78% to a 52-week high of ₹1,380.45 apiece on the BSE. One of the largest franchise bottlers of PepsiCo in the world, Varun Beverages announced that its board of directors approved the acquisition of 100% stake in South Africa’s The Beverage Company Ltd (BevCo) with plans to expand its geographical footprint in Africa.

Investing in the right fund or product by itself doesn’t assure wealth creation. Smart investors rely on process and discipline. This process is reviewed and repeated for multiple years. The choices we make daily may not matter today, but they do so in the long term.

Winter Session to 141, both Houses will reconvene for business on Wednesday. As the session resumes at Lok Sabha, Union Minister Ashwini Vaishnaw is to move a bill to amend and consolidate the law relating to the development, expansion and operation of telecommunication services and telecommunication networks; assignment of spectrum in Lok Sabha on Wednesday. While Mos Law, Arjun Ram Meghwal will be moving the bill to regulate the appointment, conditions of service and term of office of the Chief Election Commissioner and other Election Commissioners, the procedure for transaction of business by the Election Commission and for matters connected therewith or incidental thereto, as passed by Rajya Sabha, be taken into consideration. Union Minister for Information and Broadcasting, Anurag Singh Thakur to move that the Bill to provide for press, registration of periodicals and matters connected therewith or incidental thereto, as passed by Rajya Sabha, be taken into consideration. Apart from that bill to consolidate and amend the provisions relating to offences and for matters connected therewith or incidental thereto and the Bill to consolidate and amend the law relating to Criminal Procedure moved by Union Home Minister Amit Shah on December 19 will also be taken into consideration. Meanwhile, Mos Jitendra Singh will make statement regarding the status of implementation of the recommendations contained in the 376th Report of the Standing Committee on Science and Technology, Environment, Forests and Climate Change on Demands for Grants (2023-2024) (Demand No. 89) pertaining to the Department of Science and Technology, Ministry of Science and Technology.

merger still hangs in the balance. Sony Pictures Networks India (SPNI) Tuesday said it hasn't yet decided on extending the Thursday, December 21, deadline to complete the merger with Zee Entertainment Enterprises Ltd (ZEEL).

investment norms for banks and non-banking finance companies that invest in Alternative Investment Funds (AIF), potentially disrupting the flow of institutional money into these high-risk, aggressively managed corpuses and helping prevent likely evergreening of doubtful credit. RBI has asked banks and NBFCs not to invest in AIFs that invest in companies they had a loan or investment exposure to in the past 12 months. Under scrutiny These AIFs were under regulatory scrutiny for being allegedly used to extend the life of loans, often unpaid or restructured. RBI, along with Sebi, had been investigating several cases where AIFs are misused to circumvent financial regulations. «Against the backdrop of 'evergreening', the existing structures in the market operated in a regulatory vacuum of not being prohibited and in more instances than not, failed to pass the smell test on account of the spirit of the existing RBI regulations,» said Veena Sivaramakrishnan, a partner at law firm Shardul Amarchand Mangaldas & Co. Also, the RBI has said that if a bank or financial institution has a lending relationship with a company that an AIF invests in, they must sell their investment in that AIF within the next 30 days.

generative artificial intelligence and how to test and safeguard systems. The Commerce Department's National Institute of Standards and Technology (NIST) said it was seeking public input by Feb. 2 for conducting key testing crucial to ensuring the safety of AI systems.

BSE and NSE. Inox India IPO registrar is Kfin Technologies Ltd. Investors can find out how many shares they have been given through the basis of allotment in the IPO allotment status.

JK Tyre: The company has launched a QIP to raise funds. The floor price of ₹358.96 is a 5.2% discount to Tuesday's closing price. The company may offer a 5% discount on the floor price at its discretion.

By Brigid Riley

SAO PAULO (Reuters) -Creditors of Brazilian retailer Americanas approved a restructuring plan on Tuesday, which features a $2.5 billion capital injection by main shareholders and a divestment agenda aimed to cut its around 50 billion reais ($10.28 billion) debt.

Google Maps, Namma Yatri, and Open Network for Digital Commerce (ONDC) will help users get an end-to-end seamless experience in open mobility, senior executives from the three organisations told ET in a joint interaction. ONDC—the government-backed open network for online commerce—is, for example, working with Namma Yatri and Google Maps to onboard mobility options such as local trains, autorickshaws, cabs, and metro.

early-stage venture capital firm Blume Ventures said it has achieved returns of more than five times of invested capital from its first fund, including an extension fund. Through the Fund-I and Fund-IA (the extension fund), the firm invested a total of Rs 114 crore between 2010 and 2015. As much as 98% of the returns were generated from 17 companies or a fifth of the portfolio of the first fund.