Provident Financial News

National Pension Scheme (NPS) by adhering to KYC norms. The NRIs can make contributions to NPS from their NRO/NRE account. While investing depends on individual financial goals, risk tolerance, and investment preferences, Kurian Jose, CEO, of Tata Pension Management listed some reasons for NRIs to consider investing in NPS NPS is designed as a long-term retirement planning tool.

EV finance and asset management platform Finayo on Monday said it has secured Rs 16 crore in funding from investors, including NBFCs F Mec and CFPl, as well as HNIs and angel investors. The funding aims to fuel technological advancements and extend the platform's presence across India, said Finayo. F Mec International Financial Services Ltd and Choice Finserv Pvt Ltd are RBI-registered NBFCs, providing funding to progressive businesses, according to the platform.

Telecommunications Bill, 2023 in the Lok Sabha. The new bill has removed over-the-top (OTT) services and apps from the definition of telecommunication services, in a big relief to communication service providers such as WhatsApp and Telegram that will thus remain out of the proposed regulation, people aware of the development told ET. The government has also proposed administrative allocation of spectrum for satellite services, they said. Global mobile personal communication by satellite (GMPCS) has been incorporated under the first schedule, wherein spectrum will be assigned administratively. The bill empowers the government to suspend or prohibit use of telecom equipment from countries or a person as may be notified in case of national security threat.

By Vineet Sachdeva

ARC Electric, an electric cab services company catering to the corporate sector aims to strategically expand its fleet. It plans to target corporates in Hyderabad and Bengaluru with an ambition to introduce more than 5,000 EVs within the next 18-24 months. 

IIT Kanpur (IITK) and the Indian Navy recently formalised their collaboration by signing a Memorandum of Understanding (MoU) at the Naval Headquarters. The primary objective of this MoU is to foster technology development, innovative solutions and collaborative research and development (R&D), according to an official release.

GoMechanic has announced the launch of ‘Electric Vehicle Services’ for India’s key fleet operators in the EV space. Under its new expansion strategy, GoMechanic will enlarge its service portfolio from ICE (Internal Combustion Engine) to EVs (Electric Vehicles) for leading Industry fleet leaders.

By Saikat Neogi

Geojit Financial Services pointed out that two significant factors are driving the ongoing strong rally in the market. One, FIIs (foreign institutional investors) have turned big buyers having invested around ₹20,000 crore, including bulk purchases, in the last two weeks. Second, the rally is being driven by segments like banking and IT which were underperformers for quite some time.

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private equity investor InvAscent, through India Life Sciences Fund IV, has invested $10 million to acquire a minority stake in ABI Health Technologies Private Limited Ltd, a health-tech Software as a Service (SaaS) company headquartered in Bangalore. Founded in 2018 by Ajit Veerappan, ABI is a health-tech SaaS business which provides technology solutions to hospitals and diagnostic Labs. The company’s product, ClaimBook, helps a hospital to automate its entire health insurance claims management process, improving revenue cycles while reducing revenue leakage.

The next few months are crucial for final-year college students. It involves selecting a line of work, going through placement processes and interviews, and generally taking the first steps towards the rest of their lives. The process can lead to more questions than answers. This series, the Class of 2024, aims to simplify the way to navigate the world beyond the campus by talking about the sectors with opportunities, ways to use online platforms and preparing resumes, among other things. The fourth of the 10-part 'Class of 2024' series looks at the emerging areas freshers can tap for jobs. With shifts in technology increasing, the world of jobs is also evolving.

Udaan on Monday laid off 100 to 120 employees, about 10% of its workforce, days after raising $340 million in a funding round. Most of the job cuts happened in the go-to-market (GTM) team, which handles relationships with sellers, among other responsibilities, people in the know said. The layoffs, the sources explained, were due to redundancies following a rejig of the business in September.

More companies are turning to blockchain-based private credit as they seek financing amid increasing interest rates, leading to a significant surge in this sector. 

Fresh tokens enter the market frequently, yet only a select few succeed in capturing the interest of investors and leaving a lasting impression. Among the recent standout tokens are Bonk Inu (BONK) and Retik Finance (RETIK).

stocks of large, well-established firms. This is understandable, as these stocks provide steady returns, pay good dividends, and are not likely to crash due to a change in fundamentals. Large, stable companies may face challenges but are likely to overcome them.

JSW Group fell up to 4% in the early trade on Monday following allegations of rape against its Chairman Sajjan Jindal. JSW Holdings was the top loser in the pack and its stock price plunged nearly 4% to the day's low of Rs 4965.05 on the BSE. Meanwhile, JSW Steel, JSW Infrastructure and JSW Energy were down nearly 2%. On Sunday, Jindal denied these allegations and said that he would cooperate with the ongoing investigation. «Mr.

WhiteOak Capital Mutual Fund has filed a draft document for WhiteOak Capital Pharma and Healthcare Fund. The scheme will be an open-ended equity scheme investing in the pharma and healthcare sector. The scheme will be benchmarked against S&P BSE Healthcare TRI. The scheme will be managed by Ramesh Mantri and Dheeresh Pathak ( Equity investments) and Piyush Baranwa (debt investments).

SGB) can be bought physically through agents or receiving officers, applications must be submitted to branches during regular business hours on the weeks of subscription, as specified from time to time by the RBI and the Government of India. The prescribed application Form A must be used to subscribe to the form. Here are a few things to keep in mind about how the receiving officer will handle your application and how you can obtain a certificate of holding if your application is accepted, according to the SGB procedure guidelines. How to buy Sovereign Gold Bonds (SGB) online through SBI, HDFC Bank, PNB, Canara Bank, ICICI Bank 1. PAN details Every application will be accompanied by the ‘PAN details’ issued by the Income Tax Department to the investor(s).

Hamas has been the focus of a relentless Israeli onslaught in Gaza but with resilient and diverse finances, it is expected to have a significant war chest at its disposal as the conflict drags on. Israel's Prime Minister Benjamin Netanyahu has vowed to annihilate the Palestinian Islamist movement behind the October 7 attack — the deadliest in the country's history.