Provident Financial News

There is a strong possibility that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will maintain a hawkish position on the repo rate in December 2023. The existing fixed repo rate of 6.5 per cent in India has resulted in a standstill in home loan rates, posing a dilemma for numerous borrowers regarding whether to prepay their loans or persist with their investment strategies.

Introducing the Cashback SBI Card, a recent addition to the SBI Card lineup. True to its name, this credit card offers enticing cashback rewards on every transaction. It stands out for its simplicity, no need to track points or navigate redemption processes. The annual fee is ₹999, but spending ₹2 lacs or more in the preceding year grants a waiver.

Article 370 Supreme Court verdict: PM Modi called the top court's verdict ‘a beacon of hope’ that upheld the abrogation of Article 370 in Jammu and Kashmir as constitutionally valid as per latest judgement given today. The top court further asked the Election Commission of India to conduct elections to the Legislative Assembly of Jammu and Kashmir by 30 September 2024.

Asian shares are mostly higher after Wall Street reached a 20-month high ahead of a week that includes essential U.S. inflation data and a final rate decision of the year by the Federal Reserve

ONGC share price with gains of more than 2% was the largest gainer amongst Nifty stocks in morning trades on Monday. The stock is also trading close to its 52-week highs. The investor sentiments that earlier had taken some beating with decline in Brent crude prices however have rebounded will .

The success story of Ambience Mall is a testament to the ambitious vision and dedication of the Ambience Mall Promoter as they narrate their tale of setting India’s most luxurious shopping and entertainment experience. When it comes to capturing the essence of opulence, luxury, and innovation in the retail industry, there are very few places that rise above the rest. Ambience Mall, a prominent landmark in India's bustling metropolises, has successfully established itself as a premier destination for luxury shopping and entertainment.

financial empowerment. Here are features and benefits of Nari Shakti Savings Account Personal accident insurance cover: This account comes with a comprehensive personal accident insurance cover of up to Rs. 100 lakhs, ensuring the safety and security of women account holders.

MetaMask, a prominent cryptocurrency software wallet, has announced its expansion into six countries through new partnerships. 

On November 30, 2023, Dynamic Yield by Mastercard, from its headquarters in Purchase, NY, introduced Shopping Muse, a breakthrough in the retail landscape. This advanced generative AI tool, Shopping Muse, is set to redefine how consumers engage with online retail platforms, providing a personalized shopping experience.

On November 28, 2023, Fireblocks, an innovative digital asset operations platform, announced the introduction of 'Off Exchange', a first-of-its-kind solution aiming to revolutionize the way institutional traders interact with digital asset exchanges. This groundbreaking platform is designed to mitigate the inherent counterparty risks that have long plagued the crypto trading market.

Following the news that Binance, the biggest cryptocurrency exchange in the world in terms of volume, made about the delisting of the Tornado Cash (TORN) token, the value of the token witnessed a significant decline over time. It is important to note that the market value of TORN, which is the governing token for the cryptocurrency mixing protocol Tornado Cash, has seen a dramatic decline of more than fifty percent.

The future of Canada’s military colleges is at a crossroads, say two veterans of the school and the military.

The Financial Stability Board (FSB) report, along with other sources, offers significant insights into the impact of multifunction crypto-asset intermediaries (MCIs) and key market events, such as the collapse of FTX in November 2022 and the crypto-asset market turmoil in May/June 2022. These events have underscored the crucial role and potential risks posed by MCIs in the crypto-asset markets.

A decision that is of great significance has been handed down by the United States District Court for the Southern District of New York. A judge named Gregory Woods gave his approval to an order that required Voyager Digital and its affiliates to make a payment of $1.65 billion to the Federal Trade Commission (FTC) of the United States of America. This ruling, which was submitted on November 28, 2023, comes after a settlement was negotiated between Voyager and the Federal Trade Commission in October. This settlement marks a significant turning point in the regulatory control of bitcoin lending companies.

risk management. Renowned works such as “Fooled by Randomness", “The Black Swan", “Antifragile", and “Skin in the Game" have attained cult status, attracting investors and individuals keen on unravelling the intricacies of randomness and uncertainty. As of November 2023, the net worth of this prolific author, who has also served as a professor in numerous universities, is approximated to be around $2 million.

sovereign gold bonds (SGBs) this month, and one more in February. The date for subscription for 2023-24 Series III is December 18-22, 2023, while Series IV is scheduled for February 12-16. The Bond is issued by the Reserve Bank on behalf of the Government of India.

Jammu & Kashmir Reservation (Amendment) Bill, 2023, and the Jammu and Kashmir Reorganisation (Amendment) Bill, 2023, have been passed in the Lok Sabha on Wednesday. These bills, according to Union Minister Amit Shah, aim to address historical injustices and restore rights to those who were deprived of them in the Union Territory.

Establishing credit: Ensuring timely payments with your credit card stands as one of the most effective methods to cultivate a favourable credit score. This practice can lead to cost savings on loans, insurance, and potentially even future rent. Timely credit card payments play a pivotal role in constructing a positive credit score, unlocking a realm of financial advantages.

Adani of fraud. The jump came after the group, which strenuously denies the allegations, raised $1.4 billion for a renewables project and published an initial blueprint for refinancing a solar-energy unit’s $750 million dollar bond that matures in September. That was enough to also add a whopping $37.5 billion in market value to the group’s listed companies, while notes of the corporation’s electricity and power transmission businesses are now within striking distance of their price level before January’s report by Hindenburg Research.

Narendra Modi asserted on Saturday that the priority given to policy, good governance and citizens' welfare in the past decade has resulted in India becoming a robust economy with a GDP growing 7.7% in the last six months. Thanks to his regime's transformative reforms, the world is looking at India with hope and as a strong contender to lead the Global South. In a virtual address to the second edition of the Infinity Forum, a global thought leadership platform on fintech, the Prime Minister said India is a symbol of resilience and progress at a juncture when the world is facing geopolitical tensions, high inflation and growing debt levels. «India's growth story has shown to the world that when policy is accorded top priority, when all strength is put behind good governance and when welfare of the country and its people is the sole basis of economic policies, then what will be the outcome can be seen from the 7.7% growth in the first six months of this fiscal year,» Modi said. He recalled the IMF statement in September that global growth in 2023 will be due in some measure to India. In July, the World Bank had said that India gave hope amid global challenges.

S Jaishankar said that India has put up with «unfair competition» for too long in the name of the globalisation era. He said that India must have the ability to call it out if the competition is unfair. While speaking at the 96th Annual General Meeting (AGM) of the Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday, Jaishankar noted that history is on India's side and every measurable index is working in India's favour.