Provident Financial News

₹8.3 lakh crore in December 2013 to a staggering ₹46.4 lakh crore as of September 2023, representing a fivefold increase. According to the study, passive funds have seen a substantial increase in their AUM, surging from a modest 1.5 per cent in 2015 to over 17 per cent. Nevertheless, equity funds dominated with the largest share at 54 per cent, followed by debt at 32 per cent, hybrid at nine per cent, and the remaining five per cent comprising multi-asset, international, commodity, and solution-oriented funds.

Prestige Estates Projects, Macrotech Developers (Lodha) and DLF, have surged between 58-70 per cent on strong sales momentum despite elevated interest rates. Along with the pent-up demand, realty stocks are riding the strong economic recovery of the country.

₹10 lakh fine on Air India for flouting norms. The regulatory body also issued a show cause to the carrier for failing to provide appropriate protection to travellers who faced flight disruptions. “In order to ensure compliance of passenger-centric CARS, the DGCA carried out inspections of scheduled domestic airlines at various major airports on a continuing basis since May 2023.

Just a few days ahead of “National Education Day" observed on November 11 every year, Axis Bank and the Institute of Rural Management Anand (IRMA) have entered into a Memorandum of Understanding (MoU) on November 06, 2023. The idea behind entering the MoU is to establish the Axis Bank Chair for financial inclusion at IRMA. Established for five years, the Chair’s primary objectives include conducting research, fostering closer collaboration between the industry and academia, promoting thought leadership, and advocating for policy development. The Chair’s overarching goal is to enhance and expedite the advancement of financial inclusion (FI) and financial literacy in India.

I want to save money for my niece and nephew for their marriage. I don’t want to overburden myself so plan to keep a small amount safely for them. I have two nephews and two nieces, one nephew is in college while the other is in 12th. One niece is in her second year of college while the other is in class 5. Could you suggest some SIP specifically for marriage purposes? Should I start SIP for all individually or one would do depending on the age gap? I belong to a middle-class family.

By Joseph Ax

Unveiled earlier this year, the UDPN is a DLT-underpinned messaging backbone that promises to provide interoperability between stablecoins and CBDCs to enable connectivity between any business IT system and regulated digital currencies. The network - set up by GFT Group and Red Date Technology - describes itself as a "gateway for businesses and financial institutions to use regulated digital currencies in cross-border transactions". In this respect it could be seen as a competitor to bank-to-bank messaging network Swift, which has been conducting its own research into blockchain interoperability. In the first proof-of-concept for the network, Deutsche and Standard Chartered's SC Ventures executed a real-time on-chain transfer and swap test transactions between USDC and EURS stablecoins on the infrastructure. SC Ventures set up a development environment and used UDPN SDKs and APIs to create decentralized identities and linked digital currency wallets.

livestreaming platform has not been seen in public for weeks, state-run media outlets reported, after an investigation into illegal content on his site. DouYu founder and CEO Chen Shaojie has not been seen since October and industry insiders believe it is related to suspected gambling during a livestream on the platform, The Paper, a government-run outlet based in Shanghai, reported Monday.

₹10,000 couldn't be more enticing. This limited-time event has brought forth remarkable discounts, with savvy shoppers poised to save up to a staggering 69% on a wide range of monitors. Whether you're in need of an upgrade, looking to expand your digital horizons, or simply seeking a more efficient display solution, the Amazon Sale offers you a myriad of budget-friendly options that are as practical as they are cost-effective.

Investing.com -- U.S. futures drop as traders attempt to gauge the staying power of a recent rally on Wall Street. WeWork files for bankruptcy following a post-COVID downturn in demand for office space, while UBS reports its first quarterly loss since 2017 on expenses tied to its shotgun marriage with rival Credit Suisse.

Woodshaw Financial Group Principal D.R. Barton provides his outlook on Walmart and Apple shares and discusses the decline in Treasury yields.

Narendra Modi had a telephonic conversation with Iranian President Ebrahim Raisi on 6 November, regarding the ongoing Israel-Hamas conflict, reports have arrived that Raisi requested India to use 'all its capacities' to end the Israeli actions in Gaza. Raisi recalled India's struggles against Western colonialism and its position as one of the founders of the Non-Aligned Movement in the world, news agency ANI quoted in the Iranian readout.

General Elections, inflation and interest rate trajectory are the key factors that will influence the market. Also Read: Stock Markets and Diwali 2023: What could be the top challenges before Nifty 50 in Samvat 2080? Analysts explain We talked to several experts to gain insights into their expectations regarding the market's trajectory in Samvat 2080 and the potential milestones the Nifty 50 may reach in the new Samvat.

travelling abroad. Let us discuss what it covers and when one should buy it. Though the word “Travel Insurance" suggests that expenses related to travel only are covered but travel insurance covers more than that.

Lok Sabha elections are going to be the most important event for the next 12 months. PL believes the return of a strong majority government can re-rate the markets meaningfully from current levels.

Golden Crossover, a technical indicator that often elicits intrigue among stock market enthusiasts. On November 7, Tuesday, Trendlyne revealed that over 40 Nifty stocks had experienced the Golden Crossover.

Illuminate your festive season with these precious treasures, all available at irresistible prices. Don't miss this chance to shine with the Amazon Diwali jewellery sale.

Ghazal Alagh, founder of Honasa Consumer, turned introspective as the omnichannel personal-care retailer listed on the National Stock Exchange (NSE). The 35-year-old took to Twitter to reflect on the moment that played out at the bourses as the shares of Honasa Consumer — the parent company of beauty and personal care brand Mamaearth — listed on the stock exchanges on Tuesday at a 2% premium over their issue price of Rs 324. Ghazal, euphoric over a successful debut, wrote that the sun is shining a little brighter today.

Tesla will enter India next year. India's Prime Minister's Office has told relevant departments to fast-track Tesla's proposed investment in India by January 2024, ET has reported. Tesla's entry will put a stamp of maturity on India's car market, the third biggest in the world after China and the US.

By James Davey

Investing.com — The U.S. dollar rose in early European trade Tuesday, rebounding from recent lows, while the Australian dollar slumped after the RBA hinted at the end of its cycle of rate hikes..