Provident Financial News

home insurance plan is so beneficial for you and your family: Damage to the property is one of the biggest worries for homeowners. Damage can happen due to minor accidents within the house or due to larger factors such as a fire. Though you are surely careful, some eventualities are out of your control.

Maruti Suzuki is anticipated to sustain this momentum by unveiling additional new products, reported HT Auto. During the February 2023 Auto Expo, Maruti Suzuki unveiled the eVX electric SUV concept, providing a glimpse of their upcoming all-electric SUV. Suzuki then presented an enhanced version of the concept at the Japan Mobility Show later in the year.

SpiceJet jumped nearly 8% to hit a fresh 52-week high of Rs 69.20 on Tuesday after the budget carrier expressed its interest to acquire Go First. The company plans to submit its offer after carrying out due diligence on the bankrupt carrier. Go First, which stopped flying on May 3 amid financial woes mainly triggered by Pratt & Whitney engine issues, is undergoing an insolvency resolution process, PTI reported. In a regulatory filing, SpiceJet said it «has expressed interest with the resolution professional of Go First and wish to submit an offer post diligence, with a view to creating a strong and viable airline in a possible combination with SpiceJet». The stock has been rallying on multiple triggers including the company's plans to consider fundraising options and also getting the stock listed on NSE. The no-frills airline, which is grappling with financial headwinds, last week announced raising around USD 270 million from various investors.

The latest series of Sovereign Gold Bonds (SGBs) released between December 18 and 22, 2023, has sparked a revived interest and contemplation among investors regarding gold-oriented investments. For those unfamiliar, SGBs are government securities measured in grams of gold. These bonds act as an alternative to possessing physical gold, representing not just the prevailing market value of gold upon maturity but also being tradable on the stock exchange.

Kapture CX, a customer support platform for enterprises, has raised $4 million from India Alternatives, a private equity fund. The Bengaluru-based startup has been expanding on-ground operations in five countries: the US, the UAE, Indonesia, Saudi Arabia and India.

bank locker agreements in India is December 31, 2023. This requirement pertains to all pre-existing agreements executed on or before December 31, 2022. Individuals holding such agreements are required to endorse a revised version supplied by their respective banks and ensure its submission before the specified deadline.

Stock market today: Despite weak trends at Indian stock market, JTL Industries shares witnessed strong demand during early morning deals. JTL Industries share price today opened upside at ₹247.90 per share levels and went on to hit intraday high of ₹252 apiece on NSE, which is now its new life-time high as well. While climbing to a new peak, JTL Industries shares ascended to the tune of 60 per cent in year-to-date (YTD) time.

Samsung Galaxy S24 Ultra is anticipated to boast a 56 percent increase in strength compared to its predecessor. This enhanced durability is attributed to the incorporation of a titanium frame and an upgraded Gorilla Glass. Ahmed Qwaider, a reputable tipster, posted on X (formerly Twitter), revealing that the titanium frame of the Samsung Galaxy S24 Ultra is expected to be 56 percent more durable than the Armor Aluminum used in its predecessors, the Galaxy S22 Ultra and Galaxy S23 Ultra.

The death of a woman in Mexico is now under investigation and her friends and family are demanding justice.Val Vardabasso, 58, originally from B.C. and now living in Puerto Peñasco, also known as Rocky Point, just south of the border with Arizona, is believed to have been killed in her home.Leanna Byrd knew Vardabasso for 45 years.

Federal drug officials are warning Georgia to shelve its plans to be the first state to allow pharmacies to dispense medical marijuana

Southwest Airlines is paying $140 million to settle a government investigation over a meltdown last holiday season that led to thousands of canceled flights

House Rent Allowance (HRA) option if provided by employer as a part of salary. But one question that usually crops up is whether both rent receipts and rent agreement required as proof to make the claim? «Rent agreement is important but may not be a sufficient document on its own to claim HRA exemption for tax purposes,» says Akhil Chandna, Partner, Grant Thornton Bharat. «Rent receipts serve as evidence that the employee has actually paid the rent amount mentioned in the rent agreement. Hence, it is advisable for an employee to maintain rent receipts along with the rent agreement; and furnish these before the assessing officer when questioned.» Mere execution of a rent agreement does not guarantee actual rental payments, explains Tarun Kumar Madaan, Tax Head, Coherent Advisors. «Some individuals may execute rent agreements with family members but not make rental payment transactions. In such cases, the absence of rent receipts and proof of actual payments could lead to the denial of the HRA claim by the assessing officer.»

Manipur Chief Minister N Biren Singh on Monday warned individuals or groups against brandishing firearms and roaming in the streets with weapons. He has announced that the government would not remain as silent spectators and would take stringent action as per the law. While addressing a mammoth crowd at Haj Complex, Lilong Karampat during a mass congregation on development of Lilong in Thoubal district, Singh said that soon after the formation of the BJP-led government in the state, its first priority was to provide rights of being an Indian citizen to the people and bring development and peaceful co-existence. Highlighting various schemes implemented by the government including the ‘Go to Village and Go to Hills’, the Chief Minister observed that these schemes have brought governance to the doorsteps of the common people. Saying that the present government believes in equal development, he further spoke of the construction of ‘Women’s Markets’ in various places including in the hills and at Lilong. Singh said that he has been working towards building a unified Manipur and highlighted various developmental works undertaken in the hill districts including the Manipur Southern Cultural Centre at Behiang in Churachandpur District, the Makhel Heritage Park in Senapati District, and Medical College at Churachandpur. Noting that districts like Tamenglong have witnessed huge development he said that soon it would take only about six hours to reach Guwahati from Tamenglong. The government is not against any community that has been residing together with others in the state, Singh said, adding that the government has never asked any of the communities to leave the state. All these communities should live together

Sebastian Siemiatkowski is a co-founder and CEO of Klarna, the Sweden-based company that’s one of the world’s biggest providers of buy now, pay later services to customers

Benjamin Netanyahu has reiterated Israel's aim of achieving «total victory» against Hamas, stating that the war is not just Israel's but also the US's, as it is also a battle against the «Iranian axis.» He said that the Iranian axis of terror is threatening to close the maritime strait of Bab el-Mandeb and is presenting a threat to the freedom of navigation for the world.

Gautam Adani, who has survived the 2008 terror attack in Mumbai's Taj Hotel and kidnapping incident in 1998, is walking out of 2023 after suffering a loss of about $35 billion from the Hindenburg attack. Following the Hindenburg controversy and subsequent investigation by markets regulator Sebi on allegations of share price manipulation, the 61-year-old tycoon saw the highest decline in his personal wealth globally, data from Bloomberg Billionaires Index shows. In pre-Hindenburg days, the maverick businessman's wealth saw a gravity-defying one-way movement that took him to the position of world's second richest man for a brief period. With his fortune being estimated at around $85 billion, Adani is now the second richest Indian after Mukesh Ambani. In the world order of billionaires, the school dropout now stands at the 15th spot after losing over 29% of his wealth in the worst crisis faced by the apples-to-airport conglomerate’s history. The combined market capitalisation of all 10 listed Adani stocks has now fallen to about Rs 14 lakh crore from over Rs 19 lakh crore before the Hindenburg report was released. At one point during the year, almost 60% of Adani's wealth was wiped off following non-stop selling of Adani stocks.

financial crisis. Schiff’s recommendation to divest from the US stock and bond market, coupled with his emphasis on the risks associated with government and corporate debt, necessitates a thorough examination. He contends that the immense levels of government and corporate debt within the US market are unsustainable.

Muthoot Microfin IPO's retail investors' portion was subscribed 1.38 times, the NII portion was subscribed 61%, and the QIB portion is yet to be booked. The employee portion has been booked 1.24 times. Muthoot Microfin IPO price band has been fixed in the range of ₹277 to ₹291 per equity share of the face value of ₹10.

Joe Biden, warning that European technology regulations are unfairly targeting US companies and not including many Chinese or EU firms, according to a letter seen by Reuters on Monday. Under the European Union's Digital Markets Act (DMA), five major US tech companies — Alphabet, Amazon, Apple, Meta and Microsoft — were designated «gatekeeper» service providers. From March 2024, these companies — as well as TikTok's Chinese owner ByteDance — will be required to make their messaging apps work with rivals and let users choose which ones they want pre-installed on their devices.

By Yuka Obayashi and Mariko Katsumura

Bank of Baroda (BoB) are the government-owned lenders leading the way. SBI said in August that it wants to hire a consultant to measure carbon footprints in its loan portfolio, and benchmark the bank’s loan mix based on high- and low-emitting sectors, while taking into account the portfolios of other local and global peers. SBI also raised a $1 billion syndicated social loan in February, arranged by MUFG Bank and Taipei Fubon Commercial Bank, which it said was the largest ESG (environment, social, governance) loan by a commercial bank in Asia Pacific and the second-largest social loan globally.