Provident Financial News

The Pradhan Mantri Mudra Yojana (PMMY) is one of the flagship schemes of the Union government to encourage self-employment. Under PMMY, collateral-free institutional credit up to ₹10 lakh is provided by Member Lending Institutions (MLIs) i.e. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs). 

The government is scheduled to unveil the annual budget for the upcoming fiscal year 2025 after the conclusion of the general elections next year. In the meantime, an interim budget will be presented on a “Vote on Account" basis on February 01 of the upcoming year. The interim budget will exclusively address necessary expenditures, typically having a restricted scope and excluding significant policy alterations or the introduction of new programs.

Fixed deposits (FDs) are one of the most popular investment options in India. They offer guaranteed returns, safety of capital and easy liquidity. However, not all FDs are the same. There are different types of FDs offered by different entities, such as banks, non-banking finance companies, post offices, and corporates.

Shiba Inu (SHIB) and Retik Finance (RETIK) both have unique qualities to the table, each with its own set of advantages and considerations. Let’s delve into the factors that might influence your decision on whether to buy Shiba Inu or Retik Finance before Christmas.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Prateek Pant, Chief Business Officer of WhiteOak Capital Asset Management, does not expect major announcements in this budget. The government will likely maintain a path of policy, continuity focusing on higher capex growth, he said in an interview with MintGenie. Infra, housing, real estate, and home improvement sectors are likely to be in focus in this upcoming budget.

mutual fund investors and demat account holders, as mandated by the Securities and Exchange Board of India (SEBI). It is mandatory for these account holders to either furnish nomination declarations or choose to opt out of nominations by this date. If investors fail to nominate their holdings by the December 31 deadline, SEBI may freeze debits from their accounts.

₹108.30 apiece on the back of profit booking. The stock was listed on the Indian exchanges on November 29 at a price of ₹60 apiece, an 87.5% premium over the issue price of ₹32. It continued the same upward trajectory for the next 11 sessions, achieving a record high of ₹123.30 apiece.

BERLIN—Soon after payment-processing giant Wirecard reported in June 2020 that nearly $2 billion had gone missing from its balance sheet, its chief operating officer Jan Marsalek boarded a private jet out of Austria. After a landing in Belarus, he was whisked by car to Moscow, where he got a Russian passport under an assumed name. Western intelligence and security officials now say they have reached the unsettling conclusion that Marsalek had likely been a Russian agent for nearly a decade.

₹1,500 crore through a qualified institutions placement (QIP) of equity shares. According to a regulatory filing, the QIP involved the issuance and allotment of 43.2 million shares at an issue price of ₹347 per share, cumulatively amounting to ₹1,500 crore. There was robust response from domestic mutual funds and prominent global FIIs.

Wheel of Name has emerged as a versatile and engaging tool for boosting participation, driving decision-making, and adding an element of fun to various activities. However, to truly harness its full potential, users must understand how to customize their BravoWheel to suit their specific needs and desired outcomes. This article explores the origins of the spin the wheel concept and the unique capabilities of the BravoWheel platform.

CERT-In) has issued a warning for some Samsung mobile phones, highlighting multiple vulnerabilities. The warning highlighted critical security issues affecting Samsung Mobile Android versions 11, 12, 13, and 14. «Multiple vulnerabilities have been reported in Samsung products which could allow an attacker to bypass implemented security restrictions, access sensitive information and execute arbitrary code on the targeted system,» CERT-In, which works under Ministry of Electronics and Information Technology of the Government of India, said in its advisory. The agency said that the vulnerabilities are diverse and impact various components of the Samsung ecosystem. «These vulnerabilities exist due to improper access control flaw in KnoxCustomManagerService and SmartManagerCN component, integer overflow vulnerability in facepreprocessing library; improper authorization verification vulnerability in AR Emoji, improper exception management vulnerability in Knox Guard, various out of bounds write vulnerabilities in bootloader, HDCP in HAL, libIfaaCa and libsavsac.so components, improper size check vulnerability in softsimd, improper input validation vulnerability in Smart Clip and implicit intent hijacking vulnerability in contacts,» it said. CERT-In warned that attackers may explot the vulnerabilities to «access device SIM PIN, read sandbox data of AR Emoji, bypass Knox Guard lock via changing system time and gain access to sensitive information, execute arbitrary code and compromise the targeted system». To mitigate the risks associated with these vulnerabilities, users are advised to promptly apply the security updates provided by Samsung in their official security advisory.

A look at the day ahead in European and global markets from Kevin Buckland

₹1,500 crore through Qualified Institutions placement (QIP) route. Sterling and Wilson shares gained as much as 4.99% to a fresh 52-week high of ₹445.30 apiece on the BSE. Sterling and Wilson Renewable had, on December 11, launched a QIP issue worth ₹1,500 crore.

Over the past decade, India has been one of the fastest growing economies in the world and is becoming the most sought after investment destination for foreign investors. The GIFT International Financial Services Centre in Gujarat is a step in the direction of attracting higher foreign capital. Abhishek Bansal, Chairman, Abans Group believes that aligning policies and regulations with international standards, is one of the essential aspects to drive investments. “One crucial aspect for enhancing foreign investors’ interest in GIFT City is achieving goal congruence between national regulatory agencies and the GIFT regulator,” says Bansal. Such an approach ensures investor-friendly policies that meet global expectations and foster confidence and interest among foreign investors in GIFT City, he said. Edited excerpts: Notwithstanding certain regulatory hiccups, the last couple of years has been quite good for the AIF industry. Can you share some of the trends to watch out for the segment in 2024? Over the past years, the AIF industry in India has defied regulatory challenges, witnessing significant growth. Investors, including institutions and high-net-worth individuals, are increasingly drawn to alternative investments, seeking diversification beyond traditional assets. Sector-specific funds focusing on areas like technology and healthcare have gained popularity, offering targeted exposure and potential high returns.

By David Shepardson

The Samsung Galaxy S23 is a cutting-edge smartphone that pushes the boundaries of technology. Boasting a stunning display, powerful processor, and advanced camera system, the S23 offers an unparalleled user experience. Its sleek design and innovative features make it stand out in the crowded smartphone market. With lightning-fast 5G connectivity and a range of productivity and entertainment options, the Galaxy S23 is a true powerhouse that caters to the needs of modern-day users. List of the best Samsung Galaxy S23 Mobile Phones

Will home loan EMIs fall as RBI holds repo rates? Do this now to ease burden of EBLR, MCLR, base rate and BPLR loans

Money from NRE account can be easily transferred out of India. However, the same cannot be said for the NRO account. There are certain document requirements, approval needed from Reserve Bank of India (RBI) and annual limit that must be adhered to in order to transfer money from NRO account out of India. Read on to know the rules an NRI must follow to take the NRO money out of India.

global textile and apparel value chain, Union Minister Darshana Vikram Jardosh said on Thursday. The minister also noted that the global textiles and apparel trade has gone through various ups and downs in the last decade due to social and geographical factors. India has unique advantages due to raw material availability, huge labour pool, mature and well-established textile and apparel industry and strong domestic market, she said.

Renewable Energy Limited has raised Rs. 1,500 crore through the qualified institutions placement (QIP) route. The bulk of the proceeds from the QIP will be used to pare down debt furthermore providing us capital to pursue the fast-growing solar EPC markets in India and abroad, the company said in a statement, adding that the QIP witnessed a strong response from both domestic mutual funds and global FIIs. “The last couple of months have been challenging for us as an organization and the successful completion of the QIP is a significant moment in our journey," said Amit Jain, Global CEO, Sterling and Wilson Renewable Energy. The company had missed scheduled payments to lenders this September it faced a liquidity crisis triggered by the invocation of two bank guarantees. Shapoorji Pallonji and Company Pvt Ltd holds an 18.5% stake in the company and Reliance Industries, through a subsidiary, holds 40% equity. The company said it’s unexecuted order book as of September 30th, 2023, continues to remain healthy at Rs 6,835 crore aided by strong domestic EPC order inflows with a growing bid pipeline in both India and abroad.