Provident Financial News

What is the maximum amount that I can deposit in 4 PPF accounts: 1 for myself and 3 minor my minor children? Is it 1.5 lakh taking all 4 accounts together or 1.5 lakh in each account; 1,50,000x4=6,00,000? By Balwant Jain, tax and investment expert As per the PPF rules, 2019 an individual can open one account for himself as well as one account on behalf of each minor child or a person of unsound mind of whom he is the guardian. Please note that only one PPF account can be opened in respect of a person and multiple PPF accounts are not allowed to be opened.

President Biden rightly says the U.S. is in a technological arms race with China. Then why is he ordering an across-the-board government intrusion into artificial intelligence (AI) that will slow American innovation? “To realize the promise of AI and avoid the risks, we need to govern this technology, not—and there’s no other way around it, in my view.

BSE on Wednesday, November 8, after the company said US International Development Finance Corporation (DFC) will fund Adani’s joint venture (JV) in Sri Lanka, for $553 million. "US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd.

DGCA) has issued a show cause notice to Air India for failing to adhere to regulations concerning the provision of facilities to passengers in cases of denied boarding, flight cancellation, and flight delay. The notice highlights the importance of passengers being aware of their rights in such situations.

If you're eager to convey this heartfelt message to the people you hold dear, take a look at this article where we reveal the highlights of Amazon's Festive Gifting Store. You'll discover some of the finest gifting options for this festive season, guaranteed to delight the recipient. Dive into our article, explore the provided links, and make the most of the Amazon Sale 2023.

Sunil Bohra, ED-Group CFO, UNO Minda, says: “Our total order book from the EV segment per se, which includes the EV components and also the existing components which goes into the EV vehicle, the order book stands at roughly like I would say Rs 3,000 odd crore which we expect to peak in somewhere in around FY26, FY27 because it has a ramp up and we all know that the market has been today trying to absorb the impact of the FAME II subsidy reduction, etc.” The margins this time were a steady show, but the question is that given that there are a lot of capex lined up, going forward could there be a bit of a drop in margins? As you rightly mentioned, we have continued to deliver industry-leading growth quarter after quarter. Even in this quarter, we have grown by 26% and as you rightly mentioned to support this kind of growth, we have to continuously reinvest in the business and recently the board has also approved setting up of a new alloy wheel plant for meeting the new business requirements, etc. So, definitely in the short term while we do expect the margins to maintain at around 11% plus-minus a few basis points and when we say the guidance of 11%, the incremental cost which normally tends to creep in once you commission the new plants is already baked in. We do not expect any significant deterioration or dilution in the existing margins per se.

India and Malaysia are firming up a framework for conducting trade in national currencies and initiating a process to review the 12-year-old comprehensive economic cooperation agreement to include new domains and items, Malaysian Foreign Minister Zambry Abdul Kadir said. At the end of a three-day visit to India, Kadir told PTI that both sides are keen to expand trade engagement in new and emerging areas such as electronics, semiconductors, fintech, renewable energy, new technology and startups.

Jio has teamed up with Swiggy for a ‘food delivery subscription’. Jio users will get a 3-month Swiggy One Lite subscription on recharging with the new Jio-Swiggy Festive prepaid plan, the telco said in a statement.

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Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday as recent comments from Federal Reserve officials suggested that the central bank may not be done raising interest rates. 

A B.C. woman who returned home from Syria last year was part of the all-female battalion of the Islamic State, according to RCMP allegations unsealed on Tuesday.

Alberta is planning to dismantle its provincewide health provider and may sell off its publicly owned continuing-care facilities, say leaked cabinet briefing documents released by the Opposition NDP.

—Name withheld on request

Investors who put tens of billions of dollars into WeWork were hoping the co-working space startup would be the next Facebook. It hasn’t turned out that way. WeWork on Monday filed for Chapter 11 bankruptcy, serving as a painful lesson in how easy money fuels speculative investment.

Dhanteras, a significant day in the Indian calendar, marks the auspicious occasion when households across the nation invest in gold. This tradition is deeply rooted in the belief that buying gold on this day brings prosperity and wards off negativity. As the festivities approach, investors face the perennial question: should they opt for physical gold, gold ETFs, or the lesser-known Sovereign Gold Bond Schemes (SGBs)? In this article, we'll delve into the historical significance of Dhanteras, explore the merits and demerits of each investment avenue, and shed light on why this year, SGBs deserve serious consideration.

Hindalco Industries Ltd’s share prices gained up to 1.81% in the opening trades on Wednesday as its US subsidiary Novelis Inc. performance for the quarter ending September encouraged with per tonne profitability improving for third quarter in a row. The volume recovery also remains a key positive and adds confidence to Hindalco's forward outlook.

Small cap Mayur Resources is understood to have signed a term sheet with London-headquartered mining finance specialist Appian Capital Advisory, in a deal that is expected to finalise funding for its Central Lime Project in Papua New Guinea.

Westpac is preparing to remove PwC as its external auditor and put the work up for tender in a move that will reshape the audit landscape for the critical financial services sector.

The Japanese banking giant Mitsubishi UFJ will join forces with one of the nation’s biggest crypto exchanges for a new stablecoin offering.

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SS&C, a global provider of services and software for the financial services and healthcare industries, announced a new client relationship management technology last week that aims to “redefine the advisor experience.”