Provident Financial News

14.11 / 09:17

Provident Matrix country information reports India's labour market undergoing structural transformation: SBI report

India’s war on informal labour is turning out bad for workers Himachal Pradesh has the best ratio at 49% followed by Meghalaya at 45%, Sikkim and Nagaland at 44%, and Chhattisgarh at 42%. The SBI report backed the idea of increasing the representation of banking correspondents to 33% in order to alter the country's socio-economic fabric meaningfully.

14.11 / 08:53

Provident Merit Remark Got your Diwali bonus? Here's how to make the most of it

BSE Sensex, which has delivered an approximate 16% annualised return over the last decade, underscores the potential of diversifying your investment portfolio with equities. A study by CRISIL Research has revealed that equity mutual funds have outperformed other asset classes over the long term. Over the past 30 years, equity mutual funds have recorded an average annual return of 15%, surpassing the 10% for fixed deposits and 12% for gold.

14.11 / 08:53

Provident Citizens Celebrity Department Children's Day 2023: Four benefits of investing in Sukanya Samriddhi Yojana (SSY)

Children's Day is celebrated as a mark of respect to the first Prime Minister of independent India. Jawaharlal Nehru was fondly called ‘Chacha Nehru’. To celebrate the day, every year, several activities are organised for students in schools nationwide.

14.11 / 08:49

Provident Digital Platform Mobile Enterprise Low Telecom, tech companies will inevitably twin to beat low ARPU – Red Hat Tech Chief

tech companies — or telco to a techco — is inevitable and is being driven by an existential crisis stemming from lower average revenue per user (ARPU), increasing capital expenditure and evolving consumer needs, said a top executive of US-based open-source solutions provider, Red Hat. “It’s a universal trend. It’s not necessarily India, but in India, there are probably a few more levels.

14.11 / 08:49

Provident Bill reports recommendations Minimum six-month jail term proposed by parliamentary panel for those selling adulterated food

Parliamentary Standing Committee on Home Affairs headed by BJP MP Brijlal said. «The committee recommends that a minimum punishment of six months be provided for the offence under this clause along with a minimum fine of Rs 25,000,» it said. Referring to the sale of noxious food or drinks, the panel said the offence has the potential to affect the public at large and that the punishment provided for the offenders under this clause is also inadequate.

14.11 / 08:49

Provident CEO Action reports WalkMe has a history of resorting to legal action against competitors, Whatfix CEO tells employees

Software-as-a-service firm Whatfix's founder and chief executive Khadim Batti on Monday wrote to employees saying litigation is a common competitive tactic in international markets. “We believe that our success in the marketplace has led to this litigation. This legal matter does not impact our day-to-day operations or our ability to serve our customers,” Batti told employees.

14.11 / 08:49

Provident Action Fighting stage exclusive Chhattisgarh Polls: If you search for biggest liar then Modi ji name would come, says Bhupesh Baghel

Bhupesh Baghel has said that PM Modi is sitting on a throne of responsibility and will have to answer questions. In an exclusive interview with ANI, Bhupesh Baghel said «PM Modi is coming to Chhattisgarh and abusing me, making false allegations. I am from OBC too. When he was the CM of Gujarat, he made amendments and came to OBC.

14.11 / 08:21

Provident Target Reuters Compilation economy country electronic asset manager Middle East asset manager Investcorp eyes up to $550 million in first China yuan fund

By Roxanne Liu and Kane Wu

14.11 / 08:19

Provident Target Williams PwC Deloitte performer surges Mid-tier firm revenue surges 17pc, outpacing big four

Strong demand for traditional auditing, accounting and tax services, along with fast-growing consulting offerings, helped boost annual revenue at mid-tier accounting firms by a breakneck 17 per cent, to $2.8 billion.

14.11 / 08:19

Provident CEO Action composer performer E&P, Dixon Advisory settle class action over alleged conflict

Wealth manager E&P has reached a $16 million settlement deal for class action proceedings over alleged conflicted and misleading advice brought by Shine Lawyers on behalf of former clients of its Dixon Advisory business.

14.11 / 08:19

Provident FIVE country Accounting firms look offshore amid ongoing talent drought

Accounting firm leaders say they continue to find it difficult to hire and retain quality staff and are increasingly sending work offshore to countries with low labour costs.

14.11 / 07:59

Provident Remark Live-in without divorce from previous marriage is a punishable offense: High Court

Punjab and Haryana High Court has determined that a couple living together without obtaining a divorce from their previous spouse cannot be classified as being in a "live-in relationship" or being in a union similar to marriage. The court further stated that such an arrangement would amount to the offense of bigamy under Sections 494/495 of the Indian Penal Code. The court observed, «It seems that the purpose of this petition is to avoid criminal prosecution for adultery… The real intention behind this petition is to seek validation from the court for their actions.» These remarks were made by Justice Kuldeep Tiwari while dismissing a petition filed by a couple from Punjab who sought protection from the court.

14.11 / 06:59

Provident CEO Platform country exclusive information consolidation Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation

GoCardless, the British fintech company backed by Alphabet's venture capital fund GV, is considering more mergers and acquisitions as it looks to grow market share in the highly competitive online payments space.

14.11 / 06:31

Provident Aware ICE show country reports travelers Cost of living in Canada may mean winter tires are put on ice. Here’s why

With winter just around the corner for Canadians, many are likely dreading the age-old problem of driving in snow, but a new study shows one in three are considering not investing in winter tires due to the ongoing cost of living crisis facing the country.

14.11 / 06:23

Provident CEO Racing Tesla BorgWarner reports gatherings Automakers' drive to avoid China's EV rare earth dominance gathers speed

rare earth content has hit high gear, with European, U.S. and Japanese automakers and suppliers racing for alternatives in an area dominated by China. Automakers have mostly relied on motors with rare earth-based permanent magnets, which have been the most efficient at providing the torque to power EVs. But different types of motors without permanent magnets that were previously too big and too inefficient, or those with greatly-reduced rare earth content have become commercially viable, prompting the rush for alternatives.

14.11 / 06:23

Provident Action Parke cover consequences information medicines Children’s Day: 9 ideas to start investing for your child’s future

Developing a financial plan for children is crucial, as it ensures their long-term welfare, particularly when educational expenses are on the rise. Children’s Day serves as a call to action, making parents realise to prioritise financial planning for their children. Here are key aspects that parents must consider. 1) Financial Literacy Early exposure to money concepts helps children develop financial literacy.

14.11 / 05:28

Provident Digital Aware Platform Healthcare Celebrity country Children's Day: Why is it celebrated, history, significance

Children's Day, celebrated annually on November 14th, is a special day dedicated to the well-being of children. In India, this day holds great significance as it coincides with the birth anniversary of Pandit Jawaharlal Nehru, the country's first Prime Minister.

14.11 / 05:28

Provident Digital Platform information reports testing Uber introduces new tools to address unfair drivers' account deactivations

Uber is introducing new features to address unfair deactivations, and drivers and couriers will request an additional review of account deactivation decisions, including the ability to provide new information to support their case. The expanded in-app Review Center tells drivers and couriers why their account was deactivated, allows them to request an additional review of the decision, and gives them the opportunity to share any additional information like audio or video recordings.

14.11 / 05:28

Provident Enterprise Parke country Plan to construct $28-mn warehouse in UAE raises prospects of Indian rice & polymer exporters

UAE. The Singapore-headquartered transportation solutions enterprise, BoxcoWorld FZE, on November 1 inked a memorandum of understanding with Dubai-based global maritime major DP World to invest $28 million to construct a modern warehouse in the Jebel Ali Free Zone, a free trade zone in the UAE. The deal was signed by Abdulla Al Hashmi, COO of Parks & Zones, DP World, UAE Region, and Vir Kotak, Founder of BoxcoWorld. DP World is an multinational logistics company specialising in cargo logistics, port terminal operations, maritime services and free trade zones.

14.11 / 04:41

Provident Allianz Healthcare love show World Diabetes Day: Three factors to consider while choosing a life insurance policy

insurance, especially term plans that safeguards the future of your loved ones. It's important to dispel the misconception that diabetes automatically translates to declining of life insurance. In fact, there are tailored plans available that offer affordable coverage without compromising on the quality of protection.

14.11 / 04:31

Provident Art Extreme Manufacturing Platform Tesla country Tesla about to double its components imports from India: Piyush Goyal

Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.

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