Provident Financial News

OnFinance.ai, a provider of Generative AI SaaS solutions, has announced that it has raised a $1.05 million seed funding round led by Silverneedle Ventures and IAN. Reportedly, the funding round also saw participation from investors, including LetsVenture Fund, SSV Fund, and Kunal Shah (CRED), along with some angels. 

Dhanteras 2023: ‘Tis the season’ of festivities and unbridled joy of shopping! But when shopping for gold, one should always remain cautious and make sure not to fall for fake jewelry. This Dhanteras, when you visit the bazaars for the quintessential gold purchase, a smartphone application can help you in verifying the authenticity of the jewelry.

India is looking at ways such as free trade agreements to enable domestic MSMEs to participate in public procurement of different countries, Commerce Secretary Sunil Barthwal said on Monday.

Square Yards, India’s largest integrated real estate platform, has reached a significant milestone of Rs 100-cr recovery of invested funds, with over 300 legal cases resolved for homebuyers and property owners, with the help of its asset management arm, PropsAMC.

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online shopping frauds. One of the first things to do when shopping online during Diwali is to make sure you are shopping from trusted websites. Stick to well-known and reputable e-commerce platforms.

Diwali 2023: IRCTC announces 5 nights 6 days package to Andaman and Nicobar Islands. Check price, itinerary here Saurabh Jain, Vice President - Research at SMC Global Securities, said, “IRCTC's focus on other than online ticket booking business is expected to reflect in the balance sheet of the company in the upcoming Q2 results." "The market is expecting that IRCTC may report a rise in hospitality and catering revenue.

₹27.50 per kg. This scheme is launched across the country in order to provide relief to consumers from high prices. This subsidised rate is lower than the prevailing market rate of ₹36-70 per kg, depending on the quality and location.

home loan and real estate industries see the festive season as a potential opportunity to increase their sales by attracting customers. A recent report by real estate advisory company Palladian Partners shows there was a 32% jump in bookings in Mumbai in September 2023 year-on-year (YoY) while stamp revenue rose 53 per cent during the same period. Anarock Group’s data for September showed a jump of 29% YoY in new bookings in Bengaluru.

Adani Wilmar means the stake sale will provide handy cash to the group as it ramps up infrastructure business. There are other reasons why the Adanis may be looking to exit the FMCG space. For starters, the bulk of Adani Wilmar’s business is in edible oils, which account for 84% of its revenues (with industrial fats adding another 11%).

Paisabazaar is looking to clock a net profit from next quarter onwards, in line with its parent PB Fintech, Naveen Kukreja, cofounder and chief executive of the credit marketplace, told ET. The company has been earnings before interest, taxes, depreciation, and amortization (Ebitda) positive since the December quarter.

WeWork filed for Chapter 11 bankruptcy protection in the United States on Monday, as part of what it described as a «comprehensive reorganization» of its business. The startup, which was once worth about $47 billion, had started sending distress signals months in advance.

Angelo Mathews has taken to social media to demand «justice» from the International Cricket Council (ICC) after a controversial 'timed out' dismissal during the World Cup. To prove that he was given out wrongly, Mathews shared a video on X with time stamp to show that he had '5 seconds left'. Expressing frustration over the dismissal, he referred Bangladesh captain Shakib Al Hasan as «a cheat».

World Cup, Disney+ Hotstar has revealed that all Indian mobile customers will be able to stream the upcoming season of Pro Kabaddi League for free. The decision to enable ad-supported streaming of the tenth edition of the Pro Kabaddi League closely follows the historic viewership achieved during the ICC Men’s Cricket World Cup 2023. The upcoming season of the Pro Kabaddi League, beginning on December 2, 2023, will be conducted in a 12-city caravan format with 12 competing teams. Commenting on this, Sajith Sivanandan, Head, Disney+ Hotstar India, said, “The landscape of sports viewing is evolving, as was witnessed by the phenomenal response to our free on-mobile offering during the Asia Cup 2023 and the ICC Men’s Cricket World Cup 2023. Our audience is continually seeking the thrill of sports with the convenience of on-the-go access, and we are elated to meet this demand.

Will writing and estate planning is considered an important aspect of financial planning. While wealth creation is important, it is equally important that the assets owned by an individual are easily passed on to their loved ones after his/her death. So, this Diwali, why don't you gift your loved ones a gift card for making a will.

Cancer is a disease which is challenging to treat due to its complexities for both patients and their family members or dependents. Shockingly, people who suffer from the ailments often end up paying 60% of their medical costs which are out-of-pocket. The financial toll of Cancer goes beyond any realistic numbers; it affects not only a patient’s quality of life but also their ability to receive the best possible treatment.

Post-retirement investment management is as critical as during the employment years, especially considering the escalating health costs and the desire to sustain a certain standard of living in the years following retirement. Relying solely on a monthly pension may not always suffice, given the potential mismatch between funds and rising expenses.

Growth in personal income tax (PIT) collections may slow a bit in the second half of the current financial year from the impressive 31% seen in the first, as the income tax ((I-T) department aims to make tax refunds to the tune of Rs 2 trillion in the remainder of the year, an official source told FE. “The second-half refunds are likely to be higher than in the year-ago period by around Rs 50,000 crore. This would mean that the refunds in the whole of FY24 would be above Rs 3.5 trillion, as against a little over Rs 3 trillion last year,” the source added.

Transferring immovable property through Wills represents a strategic approach to estate planning and asset management. Will is one of the most popular instrument for transferring of properties in India. It is a legal binding document wherein an individual i.e a testator declares his/her intention with respect to ownership and transferability of assets and wealth upon his/her demise. Unlike any other document, a Will comes into effect only upon the death of the testator.