Provident Financial News

Money earned is income, or flow. It is a payout that an asset offers. Human assets earn incomes or salaries; real estate earns rent; equity earns dividend; debt earns interest; gold earns nothing.

Rich Ricci, owner of short-priced Melbourne Cup favourite Vauban, warns value investors away from backing his horse in Tuesday’s race.

The closed shop of government consultancy tenders should be opened up to small and medium enterprises with special arrangements for the defence sector overhauled in a bid to break the stranglehold of the “big four” in the public service, according to a new paper circulated to senior federal ministers and state premiers.

Reuters. In May 2021, the ban was lifted for trades involving the shares of companies with large market capitalisation included in the KOSPI200 and KOSDAQ150 share price indices. Trading with borrowed shares will be banned for equities on the Kospi 200 Index and Kosdaq 150 Index from Monday until the end of June, Financial Services Commission (FSC) said on Sunday.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla wins autopilot court battle; BP Pulse makes $100M deal; and China EVs report October delivery numbers.

By Jamie McGeever

S Jaishankar on Sunday spoke with his Iranian counterpart and discussed the grave situation in West Asia and the concern of the international community. “Spoke today with Iranian Foreign Minister @Amirabdolahian.

Virat Kohli drew level with his idol, Sachin Tendulkar, reaching his 49th One-Day International hundred in front of a packed Eden Gardens, there were no histrionics. There was no waving of the bat, no pumping of the fist, and not even a pressure release of expletives. Instead, Kohli hugged his batting partner and then raised his bat to acknowledge the cheers of the audience in various different sections. Among all grounds in India, the Eden Gardens is one in which you can tell what the state of the game is just listening to the crowd. Here, when Kohli got to the milestone, there was a release of energy.

Virat Kohli equalled Sachin Tendulkar's record of 49 ODI hundreds on the field, Disney+ Hotstar too broke a record-with a peak concurrent online viewership of 44 million during the India versus South Africa clash on Sunday. The ongoing ICC Men's Cricket World Cup has seen new peak concurrency records being created as official streamer Disney+ Hotstar is providing the matches for free to mobile users. The India-New Zealand match on October 22 had 43 million peak concurrent viewers, surpassing the India-Pakistan match's peak concurrency of 35 million on October 14. Disney+ Hotstar announced in June that it would provide mobile users with free access to the 2023 Asia Cup and ICC Men's Cricket World Cup after placing cricket behind a paywall for several years. The move seems to be paying rich dividends for the streaming platform, as it has been breaking its own record. Prior to the Cricket World Cup, JioCinema had set a record for peak concurrency, drawing 32 million people to the Indian Premier League (IPL) final between the Chennai Super Kings and Gujarat Titans. Media experts believe that streaming viewership is on the rise since it allows the convenience of watching matches on the go.

Ten of Australia’s most powerful media executives and industry body chiefs have called on the Albanese government to establish new competition laws to stop big tech companies stifling rivals.

NEW DELHI : The central government last week notified a regulation to allow unlisted Indian companies to list on foreign exchanges. Thus far, only companies listed in India could seek a secondary listing. Mint explains the development and its implications.

₹50 crore in revenue. In its qualified opinion on Pristyn Care’s internal controls, the auditor noted material weaknesses related to three areas: pricing for hospitals and patients, agreements with doctors and the vendor selection process.

Assocham will host a series of B2B meetings with a high-level delegation from UAE's Sharjah Airport International Free (SAIF) Zone. The meetings, themed 'Expanding Your Business Globally with SAIF Zone', are scheduled to take place on November 7-8 in Chandigarh, a release said here on Sunday.

The European Central Bank (ECB) has recently taken significant steps towards the conceptualization and eventual issuance of a digital euro, a Central Bank Digital Currency (CBDC). This development comes as a response to the increasing digitalization of the economy and financial transactions. Authored by Juan Ayuso, Director General Operations, Markets and Payment Systems, the narrative elucidates the trajectory of the digital euro project, its significance, and the benefits it proposes to offer.

BlockFi, a bankrupt cryptocurrency lending platform, announced its successful emergence from bankruptcy on October 24, 2023, marking a significant turnaround. The announcement followed an arduous 11-month endeavor by the management, advisors, and stakeholders to steer the company back to stability. The company now sets its sights on repaying creditors and returning digital assets to clients, a pivotal step in regaining trust and reaffirming its market position.

Antonio Juliano, the founder of dYdX, announced on Twitter on 28 October 2023, regarding impending substantial transfers of $DYDX tokens in the following days. This alert is in alignment with dYdX Trading Inc. and other locked token holders' plans to migrate tokens to the dYdX Chain, which will be recorded as transfers on both Ethereum and the dYdX Chain. It's pertinent to note that these tokens will remain locked and are not slated for sale.

The anticipation surrounding the approval of a US-regulated spot Bitcoin ETF is mounting, considering its potential to significantly catalyze the adoption of Bitcoin and its recognition as a viable asset class. As of September 30, 2023, Bitcoin investment products, including Exchange Traded Products (ETPs) and closed-end funds, held about 842k BTC, equivalent to approximately $21.7 billion, according to Charles Yu, a Research Associate at Galaxy.

₹10 crore on Sunday. The relief materials arrived to Nepal via a special Indian Air Force C-130 flight at Nepalgunj, said the Indian Embassy in Kathmandu in a statement on Sunday. The consignment of relief materials included tents, blankets, tarpaulin sheets as well as essential medicines and medical equipment, officials said.

NEW DELHI : Green mobility solutions provider GreenLine is planning a big-ticket expansion of its two-year-old logistics services operations, investing about ₹850 crore to add 1,000 liquefied natural gas (LNG) trucks to its fleet in this financial year. It will further invest over ₹4,000 crore in FY25 to raise LNG truck deployment by any another 5,000 units, while also exploring options for deploying electric trucks on short-haul operations.

NEW DELHI : The government is unlikely to table the draft Indian Telecommunications Bill for Parliament’s approval in the upcoming winter session, said two people familiar with the development. The people said, asking not to be named, that the government intended to launch deeper inter-ministerial discussions on some of the issues, which were continuously evolving.

—Name withheld on request It has been assumed that you had earned long-term capital gain (LTCG) on sale of stocks (original asset) in fiscal 2023 and invested it in one residential house in India (new asset) which is still under construction. With respect to fiscal 2023, as per Section 54F of the Income-tax Act, 1961, you are eligible to claim a deduction from LTCG arising on transfer of an asset (other than a residential house), with respect to re-investment of the net sales consideration (and not capital gains) into construction of one residential house in India (within a period of three years from date of transfer), subject to the other prescribed conditions.