Provident Financial News

04.02 / 04:41

markets UPS Provident Manufacturing Enterprise President Union Budget 2025 receives mixed reactions from Ludhiana’s MSMEs

Budget 2025, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, received mixed reactions from small businesses in Ludhiana. While a section of local industry stakeholders believes that the government’s move to raise the thresholds for capital investment and turnover criteria is a significant boost to the MSME (micro, small, and medium Enterprises) sector, some voiced their disappointment regarding the absence of special package for Punjab and the lack of rationalisation of goods and services tax (GST) rates.

04.02 / 04:19

Provident President country outbreak Department International What to know about USAID, the agency Elon Musk wants dead

Subscribe to enjoy similar stories. The USAID building was closed to employees on Monday. Elon Musk, the billionaire adviser to President Trump, is targeting the U.S.

04.02 / 04:19

markets Provident Action Strategy President Department FPIs double down on Nifty option sales ahead of MPC meeting outcome

Subscribe to enjoy similar stories. Hot foreign money is wagering that Nifty will move over a 5% range (22,800 to 24,000) from Monday's close of 23,361, ahead of the monetary policy committee (MPC) meeting outcome on Friday.

03.02 / 22:13

markets Provident Platform President War country social Trump takes aim at Canada's banking sector as tariffs loom

United States President Donald Trump is pushing for American banks to have an increased presence in Canada, a day before his proposed tariffs begin to impact Canadian goods.

03.02 / 21:05

markets Provident President hiv Inside medicines Bill Gates had a 3-hour long dinner meeting with Donald Trump at Mar-a-Lago after Christmas; here's what he discussed with the President

Bill Gates have recently revealed that he had a significant and lengthy dinner with US President Donald Trump at the Mar-a-Lago where they discussed various global health issues specifically the President's Emergency Plan for AIDS Relief (PEPFAR), reported Business Insider.

03.02 / 16:39

Provident CEO Entertainment Refugees War innovations Department London’s secret World War II tunnels to become the city’s most flamboyant underground attraction. Take a sneak peek

mile-long network of tunnels that once played a pivotal role during World War II. And now, after being sealed off for decades, these historic tunnels are set to become London’s most exciting underground attraction.

03.02 / 15:15

COST Provident Target BLOCK Universities stars NASA’s new telescope is more powerful than James Webb: Here’s what it could reveal about the Big Bang and the universe

NASA is preparing to launch a revolutionary new telescope that could unlock some of the universe’s deepest secrets, surpassing even the capabilities of the James Webb Space Telescope (JWST). The new project, named SPHEREx, is designed to provide a never-before-seen big-picture view of the cosmos, offering insights that could redefine our understanding of how the universe began.

03.02 / 13:09

Provident Manufacturing economy Trade War country International A trade war can have "no winners": RBC chief calls on Canadians to unite

A prolonged trade war with the United States can “severely impact” jobs and businesses on both sides of the border and will have “no winners,” says the head of Canada’s largest bank, calling on Canadians to unite behind a long-term economic plan to help boost the country’s struggling productivity levels.

03.02 / 12:53

markets UPS Provident Digital Trade blues mountaineering AI is Wall Street’s modern gold rush. Here’s how investors are placing their bets.

Subscribe to enjoy similar stories. Artificial-intelligence evangelists such as Sam Altman want to reshape the world, but they need mountains of money to do it. That is sparking a modern-day gold rush on Wall Street.

03.02 / 12:53

COST Provident Target Strategy Sustainability country inclusion A tightrope act: The budget does a good job of balancing divergent demands

Subscribe to enjoy similar stories. India’s budget for 2025-26 demonstrates a careful balance between an unwavering focus on macroeconomic stability by continuing on a path of fiscal prudence and addressing growth concerns. It comes after a strong fiscal performance in 2024-25, when the government managed to outperform its fiscal targets, achieving a deficit of 4.8% of GDP against the budgeted 4.9%, primarily through reduced capital expenditure.

03.02 / 12:53

Citi Provident Healthcare Experts country hospital patient Budget proposal for 200 cancer care centres not enough: skilled oncologists, nurses and equipment needed, say experts

Subscribe to enjoy similar stories. A key announcement in the Union budget presented on Saturday was the establishment of 200 cancer daycare centres in district hospitals in 2025-26. While these would serve to decentralize cancer care, experts expressed concern over the absence of enough skilled medicos to run them amid growing incidence of the cancers.

03.02 / 12:47

markets Provident Digital Aviat Strategy Simulation Air India to train over 50,000 aviation professionals with South Asia’s largest training academy

Air India Training Academy in Gurugram.

03.02 / 10:21

UPS Provident Sustainability Enterprise Food wellness Centre will sustain capex: Expenditure secretary Manoj Govil

Subscribe to enjoy similar stories. NEW DELHI : The central government will maintain its focus on capital expenditure in the final quarter of 2024-25, and the year ahead, despite a dip in the first half of the year, expenditure secretary Manoj Govil said on Monday.

03.02 / 09:17

markets Provident security Analysis Trade Experts inclusion The Union Budget 2025 and its impact on financial inclusion and insurance growth

The Budget’s focus on sectors like agriculture, MSMEs, infrastructure, and social inclusion presents a tremendous opportunity to strengthen the nation’s financial fabric and deepen the role of insurance.

03.02 / 09:17

Provident WhatsApp President Features rights 'Both UPA and NDA failed to provide jobs, I don't blame PM': Rahul Gandhi speaks during Budget session; Here are highlights

Rahul Gandhi, Leader of Opposition in Lok Sabha, on Monday during the third day of stormy Budget session acknowledged that along with their UPA government, NDA has also failed to provide unemployment to the youth.

03.02 / 08:49

Provident Platform Fighting Assurant information reports Investigations How small credit card disputes with banks can snowball into major mistrust

NEW DELHI: Mumbai-based Yateen Kahate applied for Axis Bank's Magnus credit card in July 2023. Two months later, the bank revised the terms and conditions, raising the fee waiver threshold from ₹15 lakh to ₹25 lakh. Kahate was exempt from the revision for one year as the changes applied to cards issued after September 2023.

03.02 / 07:35

Provident Align Discover Bill Experts country Interviews Self-declaration to simplify duty payments and refunds for businesses: CBIC chief

Subscribe to enjoy similar stories. NEW DELHI : The Centre has introduced a major simplification to customs procedures through an amendment in the Finance Bill 2025, aimed at enhancing ease of doing business for importers and exporters. The reform allows businesses to voluntarily revise customs declarations after clearance—either to pay additional duty or claim refunds—without undergoing time-consuming appeal processes.

03.02 / 06:17

markets Provident Analysis Sustainability Trade Experts innovations Budget 2025: Infrastructure focus and fiscal prudence likely to shape bond market

Union Budget 2025 has unveiled measures aimed at bolstering infrastructure financing and maintaining fiscal prudence, which is expected to have a significant impact on the Indian bond market. A key highlight is the government's continued emphasis on enhancing credit access for the infrastructure sector through the National Bank for Financing Infrastructure and Development (NaBFID).

03.02 / 01:13

markets COST Provident CEO Strategy trends consequences Rate cut at upcoming MPC meet not a certainty, says Bajaj Finserv CEO AMC

Subscribe to enjoy similar stories. Consumption-driven stocks are likely to outperform capex-driven ones in terms of earnings revisions post the budget tax cuts, which put more money in the hands of the middle class, according to Ganesh Mohan of Bajaj Finserv Asset Management Company (AMC). While increasing hopes of a rate cut at the upcoming Monetary Policy Committee meeting would be priced in, that might not be a certainty given the downward pressure on the rupee and its consequent impact on capital outflows, Mohan, chief executive officer at the fund house, told Mint in an interview.

03.02 / 01:13

Provident Booking Manufacturing security reports International L&T’s orders soothe, but margin irks

Subscribe to enjoy similar stories. Larsen & Toubro Ltd’s (L&T) shares fell 3% on Saturday, pretty much wiping away the gains it saw the previous day in reaction to the December quarter results (Q3FY25). Positives of Q3 aside, some part of the stock upmove was in anticipation that capital expenditure (capex) allotment could be higher in budget 2025.

03.02 / 00:17

Provident Manufacturing Analysis Sustainability Trade Experts International Sectors that stand to gain from Budget measures

capital expenditure. While analysts debate whether this shift is a temporary adjustment or a broader paradigm change, several sectors including agriculture, capital goods, cement, consumer, financials, telecom, and utilities are poised to benefit from the measures in the budget. Here is a sector-wise breakdown of how they stand to gain:

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