Provident Financial News

06.02 / 00:51

markets IPO Provident Digital Aware Sify reports Sify’s data centre unit hires bankers for a ₹3,000 crore IPO

Subscribe to enjoy similar stories. Sify Infinite Spaces, the data centre business of Nasdaq-listed Sify Technologies Ltd., is looking to tap capital markets in India to raise ₹3,000 crore through an initial public offering (IPO), according to three people aware of the matter. “The firm has appointed investment banks to help it with the process," the first person cited above said on the condition of anonymity.

05.02 / 20:45

markets Provident Election Food President rights International Whole Foods asks agency to set aside results of union win at Philadelphia store

Amazon-owned Whole Foods is asking the National Labor Relations Board to set aside the results of a union election that led to a labor win

05.02 / 15:53

markets Provident Digital Strategy Healthcare PAM prevention Kerala secures Rs 2,424 cr World Bank loan to strengthen healthcare system

Kerala Health System Improvement Programme by availing a loan of Rs 2,424.28 crore from the World Bank. The state Cabinet meeting chaired by Chief Minister Pinarayi Vijayan, which granted approval, decided to implement the project under the Programme for Results (P for R) model.

05.02 / 14:01

COST UPS Provident Manufacturing Assurant information peace Certified pre-owned vs. used: Edmunds explains which is better

Edmunds compares certified pre-owned vehicles and standard used cars, highlighting the benefits and drawbacks of each

05.02 / 13:13

COST Provident MET Action inclusion Courts Homebuyers are stranded for years if the builder goes bankrupt. That changes now

Subscribe to enjoy similar stories. Indian buyers who wait for their homes for years after a developer goes bankrupt have a reason to hope: they can now get their properties even as the case winds through courts.

05.02 / 11:41

markets Citi Provident Assurant Experts show International Budget 2025 | GIFT City insurance and endowment plans are now tax-free for NRIs. What about for resident Indians?

The Union Budget for 2025-26 has proposed a major tax arbitrage for unit-linked insurance policies and endowment plans sold via Gift City. If approved, the maturity proceeds in such dollar-denominated insurance plans will be tax-free if the premium amount is under 10% of the sum assured.

05.02 / 10:15

markets Provident Platform Analysis Trade Experts information The rise of retail investors: Democratizing India's financial markets

retail investors invested in fixed deposits, PPFs, postal saving schemes, and physical gold. However, nowadays equity as an asset class has become popular with retail investors. New asset classes like REITs and InViTs have also been made available to them, apart from gold bonds and ETFs. We have witnessed that instruments that were available to only a select portion of the population are now widely accessible and tokenized to serve any ticket size (the latest being small-ticket SIP with a minimum investment amount of Rs 250 per month).

05.02 / 08:53

Provident Election President hospital France's government expected to survive as far-right leader doesn’t support no-confidence motion

The head of France’s far-right National Rally party says he doesn’t support a no-confidence motion filed against the government, making it more likely that the prime minister will remain in office and a 2025 budget will be adopted

05.02 / 08:45

markets COST UPS Provident Booking Sustainability country Inox Wind’s 800% rally, a brutal crash and a rebound—what’s next?

Subscribe to enjoy similar stories. Inox Wind has been making headlines lately due to the steep fluctuations in its stock price. As one of the key players in India’s race towards renewable energy, its stock appreciated by more than 800% from about ₹27 apiece in 2023 to reach a peak of ₹254 per share in September 2024.

05.02 / 08:21

markets Provident Digital security Strategy Experts PAM NFO Alert: ITI Mutual Fund launches Bharat Consumption Fund

ITI Mutual Fund on Wednesday announced the launch of the ITI Bharat Consumption Fund, an open-ended thematic fund that will follow the consumption theme. The scheme will predominantly invest in equity and equity-related securities of companies engaged in consumption and consumption-related activities or allied sectors.

05.02 / 08:21

Provident Career film actress reports Investigations Relationships Bengaluru thief, who had gifted Rs 3 crore house to his actress-girlfriend, arrested

Panchakshari Swamy, a 37-year-old burglar originally from Solapur, Maharashtra, has been taken into custody following a high-profile theft case in Bengaluru. Authorities report that he was apprehended in connection with the theft of gold and silver ornaments valued at approximately Rs 14 lakh from a residence in the Maruti Nagar area on January 9.

05.02 / 04:35

Provident testing Department guidelines Schools Updates TS TET Result 2025 LIVE Updates: Telangana Teacher Eligibility Test scores to be OUT soon at tstet2024.aptonline.in

TS TET Result 2025 LIVE Updates: Telangana Teacher Eligibility Test result will be announced by the Department of School Education soon. Once the result is declared, candidates awaiting their result can check their scorecard on the official TS TET website.

05.02 / 00:59

markets Provident Sustainability trends Trade stage recommendations Stocks to buy: MarketSmith India recommends these two stocks for 5 February

Subscribe to enjoy similar stories. Nifty50, India's benchmark index, closed 378 points higher at 23,739.25 on Tuesday after the US decided to pause the tariffs planned for Mexico and Canada, providing short-term relief from growing trade tensions. Taking cues from global markets, the index started the session with a gap-up opening at 23,509.90 and continued its bullish momentum throughout the day to close near the day’s high.

04.02 / 23:01

markets Provident security wellness President reports Donald Trump's main condition to support Ukraine in its war with Russia: Secure U.S. access to country's rare earth elements critical to modern high-tech economy

US President Donald Trump has reportedly expressed a strong desire to negotiate with Ukraine for access to its rare earth minerals as a condition for continuing US military and economic support in the ongoing severe and long tern conflict against Russia, reported Associated Press.

04.02 / 16:03

Provident Target President country social rights Investigations Trump plans to cut US funding to South Africa over land law. Musk has also criticized the country

U.S. President Donald Trump says he will cut all funding to South Africa and has launched an investigation of the country’s polices, claiming a “massive” human rights violation is happening over a new land expropriation law

04.02 / 15:21

markets Provident Strategy Experts band PAM recommendations Trai puts more mmWave spectrum on the table for 5G

5G spectrum soon, with the Telecom Regulatory Authority of India (Trai) giving recommendations for auction of nearly 3000 MHz airwaves in the millimeter wave (mmWave) band.

04.02 / 13:01

markets Provident security Analysis Trade Experts rights Sebi allows safer participation of retail investors in algo trading

markets regulator Sebi on Tuesday facilitated the participation of retail investors in algorithmic trading (algo trading), which provides advantages of faster order execution and improved liquidity. At present, only institutional investors are allowed to put in algo trading, which provides significant advantages of timed and programmed order execution. Also, the regulator came out with a regulatory framework aimed at spelling out the rights and responsibilities of the main stakeholders of the trading ecosystem such as investors, brokers, algo providers/vendors and Market Infrastructure Institutions (MIIs) so that the retail investors can avail algo facilities with requisite safeguards.

04.02 / 12:49

markets Provident Digital Strategy Software PAM reports DeepSeek has new competition and it's 'Michael Jordan of AI stocks'

Palantir shares rallied over 18 per cent in premarket trading after it forecast upbeat annual revenue fueled by strong demand for its software and data analytics services from businesses racing to adopt generative AI, as per a report.

04.02 / 11:17

Provident Progressive Strategy Research community Bill innovations Ola’s Krutrim commits Rs 10,000 Crore to democratise AI, plans India’s largest supercomputer

Krutrim, Ola’s AI venture, has launched Krutrim AI Lab, billed as India’s first AI frontier research lab, with a commitment to invest Rs 10,000 crore over the next year. This initiative aims to democratise AI research, attract top talent, and position India as a global leader in open-source AI. Krutrim also announced an immediate investment of Rs 2,000 crore (equity and debt).

04.02 / 11:13

UPS Provident Bill students reports testing Schools New governor tests relations with North Carolina lawmakers with aid request for Helene recovery

North Carolina Gov. Josh Stein has asked state legislators to double their spending to date on Hurricane Helene recovery and approve it now

04.02 / 07:35

Citi Provident Progressive Extreme Action Strategy country Once again, the Economic Survey seems to play down the climate crisis: Why?

Subscribe to enjoy similar stories. In my critique of the Economic Survey of 2023-24, I had highlighted how little justice it does to the climate imperatives India is facing.

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