Provident Financial News

In a remarkable turn of events, Shiba Inu (SHIB), a token once considered a mere speculative asset in the vast and volatile cryptocurrency market, has seen an astonishing surge of 20% during the weekend.

UN Climate Conference in Dubai, COP28, Northvolt CEO and Co-Founder Peter Carlsson shared his outlook on sodium-ion in a conversation with Anna Liberg, Global Head of Energy at Business Sweden. Carlsson said, “The world has put high hopes on sodium-ion, and I’m very pleased to say that we’ve developed a technology that will enable its widespread deployment to accelerate the energy transition.

Panama Canal, which has been strained by drought for months, will increase the number of ships it accepts each day starting in January, thanks to better-than-expected November rains. As many as 24 vessels will be permitted to pass through the system daily, up from 22 currently, the canal authority said in a statement Friday. A powerful El Nino has reduced rainfall in the region, sapping the canal’s water levels.

Russian forces press forward with an attempt to capture the town of Avdiivka in eastern Ukraine, The Associated Press obtained aerial footage that gives an indication of their staggering losses. A Ukrainian military drone unit near Stepove, a village just north of Avdiivka, where some of the most intense battles have taken place, shot the video this month. It's an apocalyptic scene: In two separate clips, the bodies of about 150 soldiers — most wearing Russian uniforms — lie scattered along tree lines where they sought cover. The village itself has been reduced to rubble.

Credit Card (MRCC) brings an array of exclusive perks with every purchase. With a joining fee of ₹1,000 and a renewal fee of ₹4,500 (waived on annual spending of ₹1.5 lacs plus), it offers 1 membership reward point for every ₹50 spent (excluding fuel, utilities, insurance, and cash transactions). Enjoy a bonus of 1,000 points on using the card 4 times for transactions above ₹1,500 each.

INOX India IPO: The initial public offering (IPO) of INOX India Limited opened for subscription on 14th December 2023 and it will remain open till 18th December 2023. This means, investors have just one day in hand to apply for the IPO as bidding for the public issue will end today evening. The cryogenic equipment maker and supplier company has fixed INOX India IPO price band at ₹627 to ₹660 per equity share.

Muthoot Microfin IPO: The initial public offering (IPO) of Muthoot Microfin Limited has opened today and it will remain open till 20th December 2023 i.e. till Wednesday this week. This means, Muthoot Microfin IPO date of subscription will remain open from Monday to Wednesday this week.

heavy rainfall continued in the south districts of Tamil Nadu on Monday, as Palayamkottai recorded 26 cm, and Kanyakumari recorded 17 cm of rainfall. Meanwhile, flood-affected people in the Tirunelveli district moved to a shelter camp. A visual from the shelter home showed people lining up for ration. In Thoothkudi district, taluka Srivaikuntam received 525 mm of rainfall on Sunday and a extremely heavy rainfall in the area is predicted.

Indian Railways is set to commence operations of an advanced semi-high-speed train, Vande Bharat, enhancing connectivity between Uttar Pradesh and the national capital. In order to achieve this momentous milestone, Prime Minister Narendra Modi will inaugurate the second Vande Bharat Express train running between Varanasi and New Delhi. The launch of this Vande Bharat Express from Varanasi is expected to benefit travellers heading to Prayagraj, Kanpur and New Delhi, providing an additional fast and modern travel option. The initiative not only saves passengers time but also accelerates cultural, industrial, and economic development in the region. Starting its journey from the spiritual city of Varanasi, the train will pass through Prayagraj, Kanpur and reach the national capital, New Delhi. This new service will particularly benefit pilgrims heading to Prayagraj and professionals travelling between the industrial hub of Kanpur and the bustling city of New Delhi. The regular operation of the Vande Bharat Express is scheduled to commence on December 20, 2023. Departing from Varanasi at 6:00 AM, the train will reach Prayagraj at 07:34 AM, Kanpur Central at 09:30 AM and finally, New Delhi at 2:05 PM. The return journey will see the train departing from New Delhi at 3:00 PM, reaching Kanpur Central at 7:12 PM, Prayagraj at 9:15 PM and concluding its journey in Varanasi at 11:05 PM. Prime Minister Modi will officially flag off this inaugural special train on December 18, 2023, showcasing the green flag in Varanasi at 2:15 PM.

NEW DELHI : Debt-laden telecom operator Vodafone Idea’s plans to raise external funds of over ₹20,000 crore may get further delayed and are unlikely to culminate even in the quarter ending March 2024, said two people aware of the development. While the telecom service provider has been in talks with investors, including those from the US, the massive debt liability of over ₹2 trillion, besides limited amount of capital coming in from promoters, is being viewed as factors leading to the delay, one of the people said on the condition that he not be named. “It will take time.

MUMBAI : At the annual campus hiring ritual at the Indian Institutes of Technology (IITs) this year, the rather ubiquitous profile of product manager stood out but with a more evolved job definition. Software companies, consultancies, consumer firms and startups prowled premier engineering and business schools for potential product managers who can go beyond the traditional requirements of the role.

SJVN Ltd is discussing a collaboration with France’s official development agency AFD to set up solar projects in India. AFD will also assist SJVN, which is looking to expand its presence on solar energy, with its experience and is discussing providing support on developing solar power as well as ensuring sustainability through the recycling of solar panels, Lise Breuil, AFD’s India director, told Mint. SJVN began its foray into solar power in 2017, and has completed three projects with a total installed capacity of 81.3MW.

insurance sector to equip it to deal with the impact of natural calamities on large infrastructure projects, people familiar with the matter told ET. The standing committee on finance-headed by former minister of state for finance Jayant Sinha has considered issues around reinsurance following complications in insurance claims related to the Teesta Stage III Hydropower project in Sikkim that was washed away by a glacial lake outburst.

India is likely to hold talks with the US to convince it about the compatibility of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme with global trade rules following Washington's imposition of countervailing duties on three items exported from India as retaliation against the scheme. Simultaneously, the commerce and industry ministry is drawing up a roadmap to work on the kind of documentation that needs to be maintained by Indian exporters to deal with anti-subsidy levies such as countervailing duty cases conducted by various countries on domestic products. The move follows the US' countervailing investigations on three Indian products- paper file folders, common alloy aluminum sheet, and forged steel fluid end blocks. The European Commission too has conducted a similar probe on certain graphite electrode systems from India.

new year is unlikely to start with a bang in the national capital as most restaurants, pubs, and bars plan to keep things low key on the new year's eve due to various restrictions. “Most restaurants, pubs and bars in Delhi…are not planning any large-scale celebrations…because of the various administrative hassles in procuring multiple permissions and licenses,” said Sandeep Anand Goyle, who heads Delhi chapter of National Restaurant Association of India (NRAI). “Pubs, bars and nightclubs are allowed to operate till 1 am, but they are also sealed at times if decibels are beyond the prescribed limits,” he said. “With all the hassles, people don’t want to plan large-scale celebrations,” Goyle said, adding that the police seal crowd-generating areas and malls, and refrain restaurants from organising parties at their outlets. “Barricades are put on roads leading to markets, commercial complexes, and around the malls, creating hurdles for guests to reach them,” he said.

GMR Visakhapatnam International Airport, said people with knowledge of the matter, paving the way for the GMR Group to build its fourth airport in the country. GMR Airports currently operates the Delhi, Hyderabad and Goa airports in India, and an airport each in the Philippines and Indonesia. Among the five lenders, REC has sanctioned the highest amount of Rs 1,245 crore, followed by India Infrastructure Finance Company (IIFCL) (Rs 860 crore) and Exim Bank (Rs 455 crore), the people said. The other two members in the consortium are Central Bank of India which sanctioned Rs 364 crore and Bank of Maharashtra that has agreed to lend Rs 291 crore, the people said. The project cost, estimated to be Rs 4,727 crore, would be funded by Rs 3,215 crore debt of debt, equity and equity-linked instruments of Rs 1,377 crore and an Andhra Pradesh government grant of Rs 135 crore.

Reliance General Insurance Company introduced “Reliance Health Global", a healthcare policy aimed at providing Indians with access to global healthcare. This policy offers comprehensive coverage not only within India but extends its protective reach worldwide. It ensures a seamless experience for individuals accustomed to a global lifestyle, catering to those who seek access to top-notch healthcare services and infrastructure across the globe.

appropriation bill will be in focus amid the divide between the Treasury and Opposition benches over the issue of security breach in the Lok Sabha. The government has listed Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and Bharatiya Sakshya Bill for consideration and passage in the Lok Sabha on Monday. They are likely to be moved by Union home minister Amit Shah. The appropriation bill is likely to be moved in the Rajya Sabha by Union finance minister Nirmala Sitharaman.

Madhya Pradesh, Mohan Yadav was in the national capital to attend the 75th anniversary of the foundation day of Akhil Bharatiya Vidyarthi Parishad (ABVP), a solid starting base of present day top BJP and RSS leaders. From Union home minister Amit Shah and BJP president JP Nadda to chief ministers of several states, including Revanth Reddy of Congress-ruled Telangana, most of these leaders have cut their teeth during their younger days with ABVP, the student wing of Rashtriya Swayamsevak Sangh (RSS). The list of ABVP student activists who are in prominent positions in BJP includes around a dozen Union ministers like Rajnath Singh, Nitin Gadkari, Dharmendra Pradhan, Bhupender Yadav, G Kishen Reddy, Gajendra Shekhawat, Kiren Rijiju, V Muraleedharan, among others. Similarly, with the BJP's organisation, its general secretaries Sunil Bansal (a full-time RSS pracharak), Vinod Tawde, and national secretaries — Asha Lakhra and OP Dhankhar — started their political journey from ABVP. State heads, including Pushkar Dhami as Uttarakhand CM, Devendra Fadnavis as deputy CM of Maharashtra and the recently appointed three CMs — Bhajan Lal Sharma in Rajasthan, Yadav in MP, and Vishnu Deo Sai in Chhattisgarh, all owe their political beginnings to ABVP.

Superman: Legacy" is happening and the filmmaker James Gunn is brimming with enthusiasm for the eagerly awaited venture, and he's chosen to offer fans further glimpses into the film. As the co-head of DC Studios and the director of this superhero venture, Gunn recently took to Threads to provide a sneak peek into the creative planning for the movie, sharing a storyboard shot. Gunn also provided an update on the current status of Superman's costume and the film's music score.

BBC India comply with foreign direct investment (FDI) norms in digital news, has appointed CA firm MSKA & Associates as its first statutory auditor, the company's regulatory filings show. MSKA & Associates will audit the newly formed company's annual accounts for FY24. Incorporated on October 27, the New Delhi headquartered company has two directors, Rashi Sehgal and Prabhkirtan Singh Sehgal. Four BBC staff members-Rupa Jha, Mukesh Sharma, Sanjoy Majumder, and Sara Hassan-left the company on December 12 and formed Collective Newsroom to allow BBC World Service India to comply with the 26% limit on foreign ownership in India. ET had first reported that BBC World Service India is restructuring its shareholding to meet the foreign ownership norms. The BBC has given Collective Newsroom the responsibility of creating digital content in India, its six Indian language services, and an English-language YouTube channel for Indian viewers across the globe.