Provident Financial News

While the Indian economy powers ahead to overtake many developed countries in terms of GDP growth, Millennial and GenZ citizens continue to form the bedrock of our nation’s demographic dividend and remain critical to its future success. Being more inclined towards adopting technological advancements, both across consumption and investment-related themes, this young working population ought to consciously invest in building a healthy corpus that can sustain their improved standards of living. To do this, it is critical for them to start investing early and follow a robust investment strategy that compounds savings while offering adequate insurance protection. Let us look at top smart money investment avenues and important insurance products that should be considered when creating such a holistic strategy.

Individuals who have not done any transactions on their UPI IDs and numbers for over a year will not be able to receive funds from January. The National Payments Corporation of India (NPCI) has asked banks, payment service providers and Third Party Application Providers (TPAPs) such as PhonePe, Google Pay and others to deactivate UPI IDs and numbers of customers who have not performed any transactions for one year or more.

The festive season is upon us, and stakeholders in India’s real estate sector have more than just the holiday cheer to be excited about this year. What has kept the growth momentum going for the second-largest employment sector in the country at a time when global economies are reeling under the impact of geo-political tension?

Renting a residential property can be a good source of monthly income for homeowners. However, before letting out a property, homeowners are required to have proper rent agreements in place to avoid any hassles in future.

NueGo, the electric bus service brand of GreenCell Mobility has expanded its inter-city e-bus services on the Delhi-Shimla route.

Walmart reported an uptick in its consolidated gross margin, attributed to the delayed launch of its Indian ecommerce arm Flipkart's Big Billion Days (BBD) festive season this year. “Consolidated gross margin rate up 32bps (basis points) positively affected by a slight improvement for Walmart US and timing of Flipkart’s The Big Billion Days (“BBD”) event, which flipped from Q3 last year to Q4 this year,” a bullet point in the company’s October quarter earnings statement noted.

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Allow yourself time to adapt: Take the necessary time to absorb your new financial situation and decide how you want to manage your money. Avoid feeling pressured to make hasty decisions. Seek advice from a trusted individual: Engage in conversations with a confidant, whether it’s a friend, family member, or financial advisor.

Unified Payments Interface (UPI) IDs, UPI numbers, and phone numbers of Customers who have not performed any financial or non-financial transactions (balance inquiry, PIN change, etc.) for one year from any Third Party Application Providers (TPAPs) or PSP applications. “In the realm of digital payments, it is essential for customers to regularly review and verify their information within the banking system to ensure a safe and secure transactional experience. However, it has come to our attention that customers may change to a new mobile number without disassociating their previous number from the banking system," NPCI said in its guidelines.

smart TVs, the diverse display technologies stand out prominently. Whether it's the vibrant LED or the cutting-edge OLED, these displays redefine visual immersion, delivering crisp images and vibrant colours. The choice between these technologies allows users to tailor their viewing experience to personal preferences, elevating the cinematic journey within the confines of their living rooms.

US Federal Reserve will not increase interest rates further and pivot to a rate cut early next year. Rupee is up only 0.1% this week against the US dollar, as compared with 1-2% rally in other Asian currencies. Also Read: The rupee, its fall, slight recovery and what the RBI did “The recovery in the domestic equities backed by foreign fund inflows and lower crude oil prices are providing support to the local rupee.

farmers, women and the youth under these guarantees? Check out below: 1.Mahalakshmi: Under this scheme, women of Telangana will receive: > ₹2,500 every month > Gas cylinders for ₹500 > Free travel in RTC buses 2. Rythu Bharosa: This scheme is for the farmers of Telangana.

Mark Mobius, whose name has been synonymous with investing in developing countries for a third of a century, isn’t planning to slow down even as he steps back from the firm that bears his name. The 87-year-old money manager said he’s busier than ever as he looks to set up a new venture in Dubai. The firm will be “involved in investment,” he said, declining to provide specifics because he said it’s still in the negotiating stage.

Keki Mistry, Non-Executive Director, HDFC Bank, says “people are still not seeing any concern or any deterioration in terms of asset quality as far as the unsecured loans are concerned. So, to my mind, this is a precautionary measure by the RBI, a welcome precautionary measure, given that this kind of lending has increased so much in the system.” What are your initial thoughts on this latest circular from the RBI on unsecured lending and also can you help us understand in layman terms the impact it would have on the financial sector — banks, NBFCs, all of them? My view is that RBI for nearly two months has been continuously making some remark or comment about the fact that the quantum of unsecured lending in the system has increased a lot and RBI is a little concerned about it. One was expecting some kind of regulatory action around that. What exactly that action would be, one did not know and now we know that the risk weight on these loans has been increased by 25 percentage points.

By James Pearson

Delhi NCR has brought about a grim consequence - a steep surge in emergency hospitalisations. As the air quality index worsens in the region, the adverse health impact on its residents has become undeniable. Not only does this pose a severe threat to people's well-being, but it also burdens them with substantial out-of-pocket expenses.

Delhivery, the country's largest fully integrated logistics services provider, tumbled 3.70% in early trade on Friday, reaching ₹398.50 apiece. This downturn came after 1,74,57,113 shares of the company changed hands in a block deal window on Friday. The total worth of the transaction was around ₹722.18 crore.

cybercrimes. In this context, cyber insurance has emerged as an essential tool for safeguarding against financial and reputational damages caused by cyber attacks. “When it comes to taking risks, there are just have three options – Accept the risk, mitigate the risk using technology and transfer the risk to an insurance company.

Varun Fatehpuria, Founder & CEO of Daulat Finvest Private Limited says mid and small-cap segments have had a dream run this year but their valuations are at premium. He believes it is tough to see these premiums being maintained in Samvat 2080. In an interview with Mint, Fatehpuria shared his views on markets and sectors he is positive about.

Insurance broker roll-up Steadfast Group had no troubles finding backers for its latest M&A bet and an accompanying $280 million institutional placement on Thursday.

Optus chief executive Kelly Bayer Rosmarin is considering exiting the country’s second-largest telecommunications group after two major crises in 12 months and as she prepares for a difficult Senate hearing on Friday.