Provident Financial News

Udaipur (IIMU) has announced that it will set up the JM Financial Centre for Financial Research in collaboration with JM Financial, an integrated and diversified financial services group. The centre will provide scholars in finance and related disciplines access to world-class resources. The JM Financial Centre for Financial Research at IIMU will engage in academic research in finance and related disciplines, conduct annual workshops, and industry talks, and partner with the BFSI sector and regulatory bodies for action research and seminars.

The Bitcoin network’s replace-by-fee (RBF) policy enables users to replace pending (unconfirmed) transactions with new ones with higher transaction costs. 

Reserve Bank of India (RBI) has officially announced the ultimate redemption value for the first series of the Sovereign Gold Bonds (SGBs). The SGB 2015-I series, launched in 2015, is scheduled for redemption on November 30 this year. The inaugural issuance of these bonds garnered investments amounting to ₹245 crore, as per the information disclosed by the country’s Central Bank.

refrigerators, Godrej has consistently stood out as a pioneer, offering cutting-edge technology and unmatched performance. In this era of advanced cooling solutions, the Godrej refrigerator emerges as a frontrunner, especially in the category of double-door refrigerators. A Godrej refrigerator is not just a cooling appliance; it's a testament to a legacy of trust and quality.

₹26. Investors can bid for a minimum of 4000 shares and in multiples thereof.

Popular cryptocurrency wallet Trust Wallet has alerted users about an ongoing issue with the Bitcoin (BTC) node that may result in transaction delays and missing transaction history. 

Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi on Thursday said that the case against an individual that has been filed in a US court, allegedly linking him to an Indian official, is a ‘matter of concern’. As reported by ANI, Bagchi said, "As regards the case against an individual that has been filed in a US court, allegedly linking him to an Indian official, this is a matter of concern.

all-time high at 268,923 in 2022-23, demonstrating a 35% surge compared to the preceding year. A key element fueling this inclination is the simplified process within the contemporary educational landscape, making the financing of international education more feasible for parents and students through loans. Notably, Section 80E of the Indian Income Tax Act assumes significance in this context.

₹5,000. Oppo Enco Air 3 Pro earbuds feature 12.4mm dynamic drivers, active noise cancellation (ANC) up to 49dB, and a frequency range of 20Hz to 40kHz. They support LDAC, AAC, and SBC Bluetooth codecs, have a 10m range, and come with a 43mAh battery in each earbud.

Auto Finance Search Trends Report - 2023 released by Techmagnate, Indian consumers are increasingly engaging in informed auto finance decisions by conducting broader searches using general terms like "car loan interest rates"or "auto loan eligibility"instead of relying solely on brand-specific queries.This shift reflects a growing awareness of the available options and a willingness to compare and contrast the offerings of different providers. The increasing popularity of electric vehicles is also influencing search behavior, with consumers seeking comprehensive information on financing solutions tailored to these eco-friendly vehicles.

Congress leader Rahul Gandhi on Thursday hailed the healthcare programme for the poor initiated by the Rajasthan government, saying that if the party secures power at the Centre post the 2024 Lok Sabha polls, similar initiatives will be rolled out nationwide. The former Congress chief emphasised the need for a reevaluation of healthcare at the national level.

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Equity mutual funds, known for their potential to offer high returns, are a popular choice among investors looking to diversify their portfolios. Here we shed light on the best equity mutual funds to consider investing in 2023, based on their past three-year returns. But before we proceed, let us first describe equity mutual funds.

SIM card rules introduced by the government in August this year will finally come into force from December 1. The rules will bring in a slew of changes, including banning the sale of bulk SIM cards, mandatory registration of PoS franchisees, agents and distributors by telecom operators and police verification of SIM dealers, among others. Here's a look at the changes that will be implemented from tomorrow: Under the new rules, PoS agents will have to sign an agreement with the telecom service provider or licensee to dissuade them from indulging in illegal activities.

Yves-Francois Blanchet nearly landed him on Speaker Greg Fergus’ naughty list — but was ultimately allowed to proceed.“Mr. Speaker, according to the prime minister, is Christmas racist?” Blanchet asked in question period on Wednesday.“I’m very pleased to stand up and try to answer a totally ridiculous question.

4-bedroom home in Colchester County, about 243 kilometres away, costs the same amount.According to its advert on Realtor.ca, this “Cape Breton castle” with waterfront views of the Bras d’or Lake is said to have “romantic beginnings” and is now looking to “reclaim a successful 5-Star status under new ownership.”After passing through the roadside gates, a visitor or future castle owner would drive along a lengthy cedar-surrounded driveway before parking their vehicle in a cobblestone lot.As the listing explains, upon entering the stronghold-lodge via two large oak doors, a visitor is greeted by a slate-floored, two-storey main room with floor-to-ceiling windows and two stairways.A nearby hallway leads to a commercial kitchen, breakfast and dining room, and three guest suites, with the second and third floors containing the remaining seven guest rooms.

The company, which provides engineering and technology services to auto, aero and heavy machinery makers, surged past its initial public offer (IPO) price of Rs 500 to debut at Rs 1,200. The stock scaled as high as Rs 1,400.

Dunamu, the South Korean operator of the Upbit crypto exchange, has seen year-on-year profits fall by a staggering 82% in the third quarter of FY2023.

LIC) has introduced a novel plan encompassing individual savings and whole life insurance. The plan is called LIC’s Jeevan Utsav with effect from November 29, 2023. This plan is non-linked and non-participating, offering extensive life insurance coverage throughout one’s lifetime.

Planning for retirement is a crucial aspect of one's financial journey, and selecting the right investment instruments to build a solid retirement portfolio is no easy task. Amongst the various options available, Unit Linked Insurance Plans (ULIPs) have gained significant popularity in recent years. ULIPs offer the dual benefit of insurance coverage and investment opportunities, making them an intriguing proposition for retirees.

Fedbank Financial on Thursday got listed with a discount of 1.6% on BSE on debut at the bourses on Thursday. The stock was listed at a premium of Rs 137.75. Meanwhile, on the NSE the stock was listed at Rs 158, down 1.4%. The IPO, which was priced in the range of 133-140, received subscription demand twice the shares on offer. «Despite the company's strong track record of growth and profitability, along with its diversified customer portfolio and focus on providing affordable financial solutions to underserved and unbanked segments, the lack of enthusiasm among investors is striking,» said Shivani Nayti of Swastika Investmart. Net proceeds from the fresh issue will be utilised towards augmenting Tier–I capital base to meet its future capital requirements, arising out of the growth of business and assets.