Provident Financial News

The JPEX incident has prompted the Hong Kong government to expedite the approval process for cryptocurrency products to promote compliance in the industry.

Winpe ProClub, has partnered with Russell Reynolds Associates, to kick off Cohort IV, comprising 12 mentees from private equity, venture capital, startups, and related sectors. This is a curated mentorship programme spanning 12 months, dedicated to empowering mid-senior level women in the industry.

Saudi Arabia has introduced stricter rules for issuing visas to recruit domestic workers from abroad, saying that the minimum age for a single employer to obtain such a visa is 24 years. The regulations, recently announced by Musaned, a government platform overseeing domestic labor in Saudi Arabia, outline specific eligibility criteria for visa applications. Under these rules, Saudi citizens, Gulf nationals, foreign wives of Saudi men and their mothers, along with holders of Saudi premium residency permits, can apply for visas to hire overseas domestic labor, contingent on the financial capabilities of the employers. This move comes as part of Saudi Arabia's efforts to streamline and regulate the domestic labor market. The Ministry of Human Resources has established the Musaned platform to empower customers with information about their rights, duties, and related services. These services encompass visa issuance, recruitment requests, and the contractual relationship between employers and workers. The Musaned platform facilitates wage transfers to labor through digital services such as STC pay and Urpay apps. Additionally, it offers features like the transfer of a house worker's service between employers, authentication of domestic labor contracts, and the resolution of disputes. The Ministry emphasizes the necessity of conducting contracting through Musaned, which serves as the official recruitment platform for domestic labor in the country.

Over the past five years, Hero MotoCorp, the world's largest manufacturers of motorcycles and scooters, has increased women’s participation in the workforce from 2 per cent to 10 per cent. Going forward, the automotive giant looks to increase its women workforce to 30 per cent by 2030, and boost its leadership diversity to 25 per cent from 8 per cent over the next two years by adopting a pragmatic approach to attracting, retaining and nurturing female talent within the organisation.

Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday

BSE. The ₹3,042.51 crore IPO was open for subscription between November 22-24 at a price band in the range of ₹475-500 per share. The first IPO by the Tata Group in over 19 years was subscribed 69.43 times during November 22-24.

IPL). Now, he has also been released by Chennai Super Kings (CSK) while the CSK management expressed their support for Stokes's decision. He plans to undergo knee surgery and aims for a complete recovery before England's extensive Test series in India.

Uttarkashi tunnel rescue LIVE: In Uttarakhand's Uttarkashi a portion under-contruction tunnel from Silkyara end caved in on November 12 trapping 41 workers. The workers have been trapped since and rescue operation is ongoing. The multiple-agency led rescue efforts initial plan was to rescue workers through horizontal drilling with the expertise of international tunnelling experts.

Meta Platforms deliberately engineered its social platforms to hook kids and knew — but never disclosed — that it had received millions of complaints about underage users on Instagram but only disabled a fraction of those accounts, according to a newly unsealed legal complaint described in reports from The Wall Street Journal and The New York Times. The complaint, originally made public in redacted form, was the opening salvo in a lawsuit filed in late October by the attorneys general of 33 states. According to the reports, Meta said in a statement that the complaint misrepresents its work over the past decade to make the online experience safe for teens and said it doesn't design its products to be addictive to younger users.

Hardik Pandya returned to Mumbai Indians. This move follows an all-cash transaction with his former team, Gujarat Titans. The deal, involving intense negotiations over 72 hours, was finalised after the IPL retention window closed on November 26 at 5 pm.

Indian startups that published financial results for 2022-23 reported a combined loss of ₹26,000 crore. Usually, 20% of startups fail in the first two years. The second myth is that one can become an overnight success.

National Pension System (NPS) helps you to save tax in several ways. There are only 10 NPS fund managers at present and the table below compares their performance.

The coming week should be interesting, as significant economic data releases and critical new flows are expected to provide direction to the market, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Among the domestic data sets, India's quarterly GDP figures, monthly auto numbers, and exit polls from the recently concluded state elections are likely to weigh on markets, Singh said. Nifty ended flat while Bank Nifty with declines of 0.9%. What is the outlook for next week? Markets have been trading with a positive tilt in recent weeks, but the key indices, Nifty, Bank Nifty, and Sensex, have been unable to break above recent highs. And, with investor interest in the primary market increasing, as well as profit-booking, we should expect increased volatility in the coming week.

Investors in the first tranche of sovereign gold bonds (SGB), launched in November 2015, have made an annualised return of 10.87%. The Reserve Bank of India (RBI) announced a final redemption price of ₹6,132 per gram of gold when these bonds mature on November 30. In addition to this, investors have also earned an annual interest of 2.5% on these bonds every year and capital gains for those who held these bonds are tax-free. During the same period, the Nifty 50 returned an annualised 12.1%. The first tranche of the SGB was open for subscription from November 5-20, 2015. SGBs were launched by the government as a substitute for physical gold and provided an alternative investment instrument linked to gold. So far, the government has made 68 tranches of these issues since November 2015. An allocation to gold reduces volatility in portfolios and acts as a hedge against rising inflation, and financial planners recommend a 10% allocation to the yellow metal. They argue that allocation to the metal using SGBs is one of the best ways to take exposure to the asset class. SGBs work very well on the tax front as capital gains are tax-free on maturity. By contrast, gains in gold funds or ETFs are taxed at the same rate as an individual's tax slab, which could mean a tax of 30%+ for rich investors. Investors can buy a minimum of 1 gram with a cap of 4 kg in a financial year.

Sebi) decision to create a regulatory framework for the facilitation of small and medium real estate investment trusts (SM REITs) is expected to boost participation of retail investors, institutionalise the segment, and encourage greater capital influx from both domestic and offshore investors. The establishment of regulation is poised to bolster investor confidence, expanding acceptance for the burgeoning asset class. This initiative is anticipated to provide crucial support to realty developers, offering an additional avenue to monetize assets and infuse much-needed liquidity into the sector. «With the approval of Micro-REIT guidelines, finally we will soon have a new asset class available to investors to provide secured and stable returns even in a small real estate asset as low as Rs 50 crore,» said Anuranjan Mohnot, MD, Lumos Alternate Investment Advisors. According to him, the new regulation has provided more clarity on the regulatory framework for raising money from the public at large outside Alternate Investment Fund (AIF) with due accountability and skin of the investment manager in the entire scheme. While the finer details are awaited, checks and balances covered in the draft paper released by the regulator in May is likely to make way in the regulations. «SEBI's move is a strong testament to the trust of the regulator on this new-age investment avenue and it further reinforces our belief in the model.

Elf', "Home Alone", «A Christmas Story». People also love to watch "Rudolph the Red-Nosed Reindeer". «Rudolph the Red-Nosed Reindeer» is a film based on music story on Johnny Marks' iconic eponymous song. The film «Rudolph the Red-Nosed Reindeer» narrates the story of a reserved reindeer whose Christmas joy is dimmed due to his luminous nose, making him the subject of ridicule in Christmasville, as outlined by Paramount. For those eager to catch «Rudolph the Red-Nosed Reindeer» on television or through streaming platforms during this festive season, the movie is scheduled to be broadcast on CBS stations across the nation on Monday, November 27, commencing at 8 pm (ET), as confirmed by Paramount. Embrace the festive spirit with the timeless holiday classic, now accessible for purchase on Amazon Prime Video. Choose between standard definition and high definition, both offered at a reasonable price of $7.99. Additionally, you can acquire the movie at the same cost on Apple TV+, providing another convenient platform for enjoying this cherished seasonal favorite.

MUMBAI : Asset allocation in equities should reflect the changes in market conditions. Unfortunately, a lot of investors have misinterpreted this as selling when the market goes up and buying when the market goes down," says Nimesh Chandan, chief investment officer, Bajaj Finserv Mutual Fund. The asset management firm was in the news recently for launching a balanced advantage fund (BAF), a type of hybrid mutual fund that invests in a mix of equity and debt securities.

As the world dives deeper into an age of digital transformation, and with the open promise and threat of AI, the need for in-person and collaborative workspace has only become more important.

MUMBAI : Nodal gold trade body India Bullion and Jewellers Association (IBJA) has locked horns with MCXCCL, the clearing corporation of India’s largest commodity derivatives exchange MCX, over a crucial revision in the platform’s settlement procedure for gold and silver contracts traded on the bourse. The revision puts the onus of collecting goods and services tax (GST) on the seller and buyer, who give and take delivery on the exchange platform. Up until now, MCXCCL would facilitate the payment of GST from buyer to seller through the exchange’s clearing members.

Narendra Modi will visit Dubai from 30 November to 1 December for the 28th Conference of the Parties (COP28) at the UN Climate Change Conference (UNCCC), held under the United Nations Framework Convention on Climate Change (UNFCCC). He will deliver a national statement highlighting India’s climate action.

NEW DELHI : Tomato, onion and potato (TOP) farmers battling frequent price crashes may have relief at hand, with the Centre working on a pilot scheme to remove logistics bottlenecks in these crucial perishable crops. The pilot will be conducted under the agriculture ministry’s market intervention scheme (MIS), two officials aware of the plan said.