Provident Financial News

The most basic, and safe, returns on investments are those derived from liquid funds, or returns from fixed income funds that are of good credit quality. While asset classes such as equities provide better returns, there are ways that conservative investors can enhance their basic returns without taking too much of the incremental risk.

The world of finance mourns the loss ofCharlie Munger, a luminary in the investing world and the trusted partner of Warren Buffett. Munger passed away at the age of 99 on Tuesday night in California. 

Former Federal Reserve Bank of St. Louis James Bullard provides insight on the state of the economy on 'The Claman Countdown.'

(Reuters) — Okta (NASDAQ:OKTA) said on Tuesday that hackers stole information on all users of its customer support system in a network breach two months ago.

By Yuka Obayashi and Muyu Xu

From iPhone 15 Pro Max to Pixel 8; best camera phones you can buy in November 2023 Apple's iPhone 15 Pro Max features a 6.7-inch Super Retina XDR display with a resolution of 2796x1290 pixels and uses ProMotion technology to implement an adaptive refresh rate of up to 120Hz. The premium smartphone supports the Always-On Display feature and the recently introduced standby mode in iOS 17, delivering a dynamic and power-efficient viewing experience.

I bought residential property A in 2012 and another B in 2013 for ₹62 Lakh and ₹75 lakh respectively. On Nov 2022 I gifted property A to my father and property B to my mother through a registered gift deed. Now I want to sell both properties and I wish to put my Indexed cost as FDs in the bank and invest the taxable capital gains in small flats to save taxes. The sale price of flat A is ₹1 crore and for flat B is ₹2 crore. Can I buy multiple properties and save taxes on long-term capital gains? Since your parents are owners of the respective properties now, the investment has to be made in their name.

Day trading guide for today: After trading choppy during morning deals, Indian stock market witnessed sharp upside in later half and ended higher on Tuesday. Nifty 50 index gained 95 points and ended at 19,889 levels, BSE Sensex surged 204 points and closed at 66,174 mark whereas Bank Nifty index finished 111 points higher at 43,880 levels. In broad market, both small-cap and mid-cap indices finished positive but not more than Nifty 50 index.

Sovereign Gold Bonds (SGBs) are a unique investment avenue that combines the attributes of gold with the convenience of bonds. These bonds are issued by the Reserve Bank of India, aiming to provide individuals with an opportunity to invest in gold without physically owning it. Introduced in 2015, SGBs serve as an alternative to physical gold and other investment instruments like gold ETFs, offering investors an avenue to diversify their portfolios and gain exposure to the value of gold while earning interest.

Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at U.S. interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat. Japan's Nikkei fell 0.2%.

Apple's iPhone 15 Pro Max features a 6.7-inch Super Retina XDR display with a resolution of 2796x1290 pixels and uses ProMotion technology to implement an adaptive refresh rate of up to 120Hz. The premium smartphone supports the Always-On Display feature and the recently introduced standby mode in iOS 17, delivering a dynamic and power-efficient viewing experience. The iPhone 15 Pro Max is powered by the newly released A17 Pro chip, a powerhouse that Apple claims offers unparalleled performance in the smartphone landscape, potentially reaching the levels of high-end PCs.

The first transatlantic flight by a commercial jet powered solely by so-called sustainable aviation fuel has flown from London to New York

Amazon finally has its answer to ChatGPT

Michigan Gov. Gretchen Whitmer has signed a clean energy package that will require energy providers to transition to 100% carbon-free energy generation by 2040

Tata Advanced Systems Ltd (TASL) has set up a facility to manufacture high-resolution imagery satellites that will help the armed forces keep a closer eye on border areas, betting big on the military space sector. The Bengaluru-based facility will manufacture sub-metre resolution satellites and will have a ground station that can control their movement and process imagery required by the armed forces to monitor infrastructure or acquire military targets. The defence ministry has thrown open a challenge to Indian industry to make metre and sub-metre resolution satellites for military use. Built on TASL's considerable defence sector capabilities, the facility is geared to manufacture up to 24 low earth orbit (LEO) satellites a year.

Congress talking of momentum in its favour to form its first government in the state and the BJP also promising to end «misrule and corruption» of the ruling Bharatiya Rasthra Samithi. The aggressive campaigning saw Congress and BJP repeatedly raising issues concerning people, with the BRS leaders expressing confidence about the delivery of their programmes. The three parties have made big promises in their manifestos. Polling in the state will be held on November 30 with counting of votes to take place on December 3 along with four other states.

Federal Reserve officials, with upbeat consumer data providing some lift. All three major U.S. stock indexes lost momentum as the session progressed, but ended the range-bound session in the green. «Even marathon runners have to pause, to take a breath and a drink of water.

Apple is pulling the plug on its credit card partnership with Goldman Sachs Group, the Wall Street Journal reported on Tuesday. The tech giant recently sent a proposal to the Wall Street bank to exit the contract in the next 12 to 15 months, the report said, citing people briefed on the matter. Apple and Goldman had started to roll out a virtual credit card in 2019. The exit would cover their entire consumer partnership, including the savings account rolled out this year, the report added. The iPhone maker, when asked about the report, said: «Apple and Goldman Sachs are focused on providing an incredible experience for our customers to help them lead healthier financial lives.

funds sloshing about within the financial system during the Covid pandemic, top-rated companies are now paying more to raise money through bond markets, with the pricing of issues by even the likes of Reliance Industries reflecting the divergence between sovereign and corporate debt. Over the past year-and-a-half, as the Reserve Bank of India has raised interest rates and progressively drained the banking system of excess liquidity, the spreads between government bond (Gsec) yields and AAA-rated corporate bond yields have shot up. The rate of interest that companies pay to investors to raise money through bonds is determined by yields on Gsecs. A higher spread implies a rise in borrowing costs for companies vis-a-vis what the government pays to raise funds. While the spreads for 5-year and 10-year AAA corporate bonds are still lower than the historical average of 43 basis points and 50 basis points, respectively, the gap has increased significantly from just 1 bps and 6 bps at the end of April 2022, data provided to ET by CRISIL Market Intelligence and Analytics showed.

Check out the companies making headlines in extended trading.

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