Provident Financial News
04.12 / 08:13
Provident
Target
Platform
performer
exclusive
reports
Kewal Kiran Clothing rallied over 400% in 3 years; is there more rally ahead?
Kewal Kiran Clothing as the shares delivered a phenomenal return. The shares, which were priced at ₹153.30 apiece three years ago, have seen a meteoric rise of 417% to trade at the current market price of ₹792. If an investor invested ₹1 lakh in the shares at that time and remained invested until the present day, the wealth would have grown to a staggering ₹5.16 lakh.
04.12 / 07:59
Provident
FIVE
ETF
Strategy
performer
track
open
week
Motilal Oswal Small Cap Fund, 3 other NFOs open this week; should you invest?
Axis US Treasury Dynamic Bond ETF FoF, DSP Nifty Smallcap250 Quality 50 Index Fund, Motilal Oswal Small Cap Fund will open for subscription on December 5. Samco Dynamic Asset Allocation Fund will open for subscription later this week.
04.12 / 07:47
Provident
FIVE
Booking
Manufacturing
show
information
recommendations
Endurance Tech listed as ‘top pick of the week’ by Axis Securities – key reasons
₹1,845, indicating an upside of 10 percent from its current market price of ₹1,679.70. Endurance Technologies Limited serves as a comprehensive solutions provider, specialising in aluminum diecasting, suspension, braking systems, and transmission products. Distinguished as a Tier 1 supplier, the company caters to renowned Indian and global brands across the spectrum of 2-wheelers (2W), 3-wheelers (3W) and passenger vehicles (PV).
04.12 / 07:47
Provident
Booking
Aware
Mumbai
SAT quashes Sebi order against Mukesh Ambani, Navi Mumbai SEZ
MUMBAI : The Securities Appellate Tribunal has quashed the market regulator’s 2021 order against Reliance Industries Ltd managing director Mukesh Ambani, Navi Mumbai SEZ, and Mumbai SEZ in a case related to alleged manipulative trades in Reliance Petroleum Ltd shares. In January 2021, the Securities and Exchange Board of India imposed a penalty of Rs25 crore on Reliance Industries and Rs15 crore on Ambani. It had also asked Navi Mumbai SEZ to pay a penalty of Rs20 crore.
04.12 / 07:45
Provident
Manufacturing
Gap
show
cover
electronic
reports
Skilled labour shortage posing challenges for manufacturers: Survey
shortage of skilled labour is posing major challenges for Indian manufacturers in sectors such as engineering, automotive, electronics, infrastructure, chemical, pharmaceutical and food processing. According to a survey by workforce and HR management service provider Ultimate Kronos Group covering more than 300 manufacturers, 76% of the organisations reported skilled labour shortage hurting their profitability in 2023 – with 35% defining the impact as “severe”.
04.12 / 07:45
Provident
Apple
Tapestry
show
track
country
cover
'Lovin' it': McDonald's raises China bet, bucking Western firms' derisking trend
China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky — but the potential pay-off is great, analysts say. Last month, the US-based burger maker cut a deal to repurchase the 28% stake in its China business Carlyle Group took in 2017, giving it a 48% share in $6 billion worth of operations that include Hong Kong and Macau. The move contrasts sharply with the prevailing trend of multinational corporations reeling back investments in China or even exiting altogether because of geopolitical and economic challenges. One advantage for McDonald's: its majority partner in the China business, CITIC, provides top-level political cover, said Jason Yu, greater China managing director of market research firm Kantar Worldpanel. «Having a very powerful Chinese state-owned conglomerate as a partner means they are not going to be at the forefront of the geopolitical situation; that is quite important,» Yu said. McDonald's China, Carlyle Group and CITIC declined to comment. Other consumer-facing U.S. firms, including Starbucks, Apple, Coach owner Tapestry and sportswear giant Nike, have remained similarly dedicated to the China market. Starbucks and Nike, which face increased competition from lower-priced domestic competitors, show the need to stay agile in order to protect and grow market share, analysts say. The coffee giant is sticking with expansion plans and launched a smaller cup size; Nike, by contrast, has offered localised, higher-end sneakers such as its «Year of the Rabbit» Dunk Lows. McDonald's has used funds from the Carlyle investment to double its restaurant count since 2017 to 5,500, and the country has become its second-largest market.
04.12 / 07:15
04.12 / 07:05
Provident
FIVE
Waters
awards
Department
sanitizer
SEPC bags order worth Rs 428 cr from Jharkhand govt
SEPC Ltd, formerly known as Shriram EPC Ltd, on Monday said it has bagged a contract worth Rs 427.9 crore from the government of Jharkhand. The project has been awarded by the Drinking Water and Sanitation Department of the Jharkhand government.
04.12 / 07:05
Provident
FIVE
Digital
information
recommendations
Traffic
How to settle Delhi traffic challans virtually without going to court
virtual traffic courts in Delhi. The virtual court system was introduced by the e-committee of the Supreme Court to enable paperless disposal of traffic violations and online payment of fines. The court administration, in collaboration with Delhi Traffic Police, developed a module that sends an SMS notification of a traffic offense to the offender. The offender then has the option to pay the fine online or contest the notice. If the violator pleads guilty, they are redirected to an e-payment gateway.
04.12 / 07:05
Provident
Action
Apple
MacRumors
stage
reports
Apple might phase out mute switch with revamped Action Button on all iPhone 16 models
Apple is gearing up to introduce a significant upgrade to its iPhone line-up with the upcoming iPhone 16 series, slated for release in the second half of 2024. Reports suggest that a key highlight of this series will be the introduction of a redesigned 'Action Button' across all models, providing enhanced functionality and user configurability.
04.12 / 06:23
Provident
Fighting
President
stage
Telangana election result recap: Congress ends 10-year rule of BRS; secures 64 seats. | 10 points to know
KCR-led BRS has been ruling the state since 2014 when Telangana was carved out of Andhra Pradesh. 2. Telangana Congress party chief Revanth Reddy who won from Kodangal constituency with a margin of over 32,000 votes defeating his nearest BRS rival Patnam Narender Reddy addressed a press conference and said that the national party's responsibility has increased.
04.12 / 06:23
Provident
Infinity
travelers
HDFC Bank launches Tata Neu Credit Cards: From rewards to eligibility, all you need to know
RBI lifted the ban, HDFC Bank kept adding credit cards. With Tata Neu, HDFC has released Tata Neu HDFC Bank Infinity Credit Card and Tata Neu HDFC Plus Credit Card, offering diverse rewards and benefits. With features like cashback, travel perks, and robust security measures, it caters to various lifestyles.
04.12 / 06:23
Provident
Waters
Align
performer
jazz
stars
prevention
Geyser price comparison for smart buyers: Choose from 8 best options for home
geyser options not only promise to deliver a steady supply of hot water but also boast smart technologies that align with the contemporary connected lifestyle. Smart features like temperature control through mobile apps, energy usage monitoring, and compatibility with virtual assistants add an extra layer of convenience to these appliances. As we delve into the geyser price comparison, the article provides valuable insights into the unique selling points of each model.
04.12 / 06:07
Provident
Manufacturing
economy
President
track
reports
travelers
2024
Economy to slow in 2024, economists see 50% recession odds: NABE
«The Drift» author provides insight on the economy and oil prices on «Kudlow.»
04.12 / 05:25
Provident
Citizens
CEO
performer
country
NPS subscribers can now select preferred fund managers. How should investors choose one for different asset classes
National Pension System (NPS) subscribers in the 'All Citizen Model' and 'Corporate Model' categories, allowing them to choose preferred fund managers for equity, corporate debt, and gilts. The National Pension System (NPS) consists of an open architecture that provides flexibility to subscribers to choose across asset classes, Pension Fund Managers (PFMs), and Central Recordkeeping Agencies (CRAs).
04.12 / 05:13
Provident
Booking
Pool
Bank of Baroda introduces BOB Parivar Account with nine attractive benefits. Check here
BOB Ke Sang Tyohaar Ki Umang" festive campaign, groups all the bank accounts belonging to members of a single family under One Family. While each account will be operated independently by the primary account holder, the maintenance of the quarterly average balance (QAB) is recorded at the Group/ Family level, eliminating the need to maintain QAB in every single account. Ravindra Singh Negi, Chief General Manager - Retail Liabilities & NRI Business, Bank of Baroda said, “ By grouping individual accounts of single-family or associated companies, our customers will be greatly rewarded with superior benefits, which are normally provided in accounts maintaining higher balances.
04.12 / 04:33
Provident
Reuters
Action
Tesla
information
reports
China's BYD says will keep reward system for smear campaign tipsters
SHANGHAI (Reuters) — China's electric vehicle giant BYD (SZ:002594) said on Sunday it would make permanent its system offering tipsters who report smear campaigns against the company up to 5 million yuan ($700,918).
04.12 / 04:21
04.12 / 02:51
Citi
Provident
Digital
country
innovations
Chinese Firms Can Now Make Digital Yuan Housing Fund Payments
Chinese firms can now use the digital yuan to pay into employee housing funds, as the nation’s banks look for new CBDC applications.
04.12 / 02:41
Ethereum
Provident
Target
ETF
economy
Bitcoin
track
Bitcoin clears $40k a dollar on dovish Fed bets, ETF hype
Investing.com-- Bitcoin rose past $40,000 a dollar for the first time in 2023 on Monday, aided by growing optimism over an early interest rate cut by the Federal Reserve, while focus also remained on the potential approval of a spot exchange-traded fund for the token.
04.12 / 02:25
Provident
Manufacturing
Parke
BlackRock
Stocks to Watch: Tata Power, GAIL, LIC, Suzlon, Eicher Motors, Hero MotoCorp
Tata Power: Has won the bid to acquire Bikaner-III Neemrana-II Transmission, a project special purpose vehicle set up by PFC Consulting, a subsidiary of Power Finance Corp. The project will be developed on a Build-Own-Operate-Transfer basis to provide transmission service for 35 years from the scheduled date of commercial operations, which is 24 months from the date of the SPV acquisition. The project cost is estimated at ₹1,544 crore.
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