Provident Financial News

Engineers India (EIL) as its 'high conviction idea' on the back of a healthy order book, strong revenue visibility, and robust financials. The brokerage has a ‘buy’ call on the stock with a target price of ₹160 for a time duration of 6 months. This implies an upside of over 26 percent from its current market price of ₹126.75 (as of October 30).

Eknath Shinde spoke to reservation activist Manoj Jarange Patil on the phone and gave him an assurance that the government was working out a solution for Maratha reservation. After his conversation with the Maharashtra Chief Minister, Manoj Jarange Patil who was on hunger strike in Antarwali Sarati village demanding Maratha reservation ended his hunger strike. «Chief Minister Shinde inquired about the health of Jarange Patil and there was a positive discussion between the two regarding providing reservation to the Maratha community.» stated the press release from the Chief Minister's Office. «Chief Minister Shinde told Jarange Patil that a concrete decision will be taken in today's cabinet regarding giving Kunbi certificates to the Maratha community. Also, it is necessary to resolve the issue of the Maratha reservation legally and for this,» read the release.

Commonwealth Bank’s mortgage book has shrunk for the third month in a row, an unprecedented loss of share for the country’s largest lender.

The $3 million threshold at which superannuation balances will be hit with additional tax should be indexed to prevent “bracket creep by stealth”, Australian Retirement Trust chief executive Bernard Reilly says.

We at ET Markets have always remained at the cutting edge of all new investment opportunities and explore them to guide and help our readers profit from it. With the introduction of ETMarkets Crypto Corner, presented in collaboration with Mudrex, we are embarking on a journey to uncover the complexities of this technology-driven investment landscape and shed light on the potential risks involved. Our mission is to carefully document every aspect of the cryptocurrency journey, promoting awareness while providing essential guidance on the regulatory landscape and upcoming norms. «As India experiences a surge in cryptocurrency adoption, accompanied by emerging regulatory guidelines, our commitment is to bridge the knowledge gap. Being the leading player in the market, Mudrex envisions creating a comprehensive resource that serves crypto investors and enthusiasts. Collaborating with ETMarkets is a crucial step towards empowering all investors to build confidence in the asset class and make informed decisions,» said Edul Patel, CEO and Co-founder of Mudrex. Alankar Saxena, CTO and Co-founder of Mudrex, said, «In the dynamic world of cryptocurrencies, Mudrex is committed to equipping investors with invaluable financial insights and user-friendly technology. Thus breaking down barriers and ensuring accessibility for all. Our collaboration with ETMarkets aligns with this mission. Together, we are dedicated to shaping a future where everyone can confidently navigate the crypto landscape and make the right investing choices with ease.»

Moneycontrol IFSCA chairperson K Rajaraman, speaking to Moneycontrol during the Asia Securities Forum AGM in Mumbai, shared, "It is currently awaiting the PMO approval and could be out anytime soon. Recommendations by the working group, coordinating with the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI), will also be out in 10–15 days. Then, we can make the necessary amendments to enable the procedure by the end of the year, he told Moneycontrol during the event.

Bank of Japan's policy decision when it is likely to lift its inflation forecasts and ponder tweaks to its bond yield control. The yen weakened 0.19% to 149.38 per dollar but was not far from the two-week peak of 148.81 it touched on Monday after the Nikkei newspaper reported the BOJ would consider making adjustments to its yield curve control (YCC). The BOJ sets a target of around 0% for the 10-year yield under YCC. Under criticism that its heavy defence of the cap is causing market distortions and an unwelcome yen fall, it raised its de-facto ceiling for the yield to 1.0% from 0.5% in July. On Tuesday, the 10-year JGB yield jumped 6.5 basis points to 0.955%, its highest since May.

All three major U.S. stock indexes closed up more than 1%, bouncing back from the previous week's sell-off.

Low pay and long hours have put big four accountants off the once-prized career goal of making partner, despite the outsized financial rewards on offer at the top, according to a recruiter.

A stockholder in Avantax Inc., which is being acquired by the giant broker-dealer network Cetera Holdings Inc., last week sued Avantax, claiming that its board of directors had approved the filing of a proxy statement that had incorrect information about the merger and potentially could harm investors.

Disney says Walt Disney World’s governing district made up of Florida Gov. Ron DeSantis' appointees is dragging its feet in providing requested documents to the company in a lawsuit over who has design and construction powers over Disney’s sprawling th...

Hurricane Otis shredded Acapulco, Mexico, last week and tore apart the lives of hundreds of thousands of people

The federal government may be preparing to penalize Southwest Airlines for thousands of flight cancellations that affected more than 2 million travelers last December

Britney Johnson is among the thousands of Ford Motor Co. workers who went on strike to force the automaker to improve pay for all

Lenders are backing Australia’s retirement living sector.

Amazon Freevee's November 2023 schedule offers a variety of content for viewers. It includes various movies and TV shows, providing entertainment for various tastes.

The XRP Ledger has successfully minted 3 million NFTs using the XLS-20 standard. This marks a significant feat in the NFT landscape.

Nokia sees demand for equipment to be substantial in 2024-25, a senior company official said. The proliferation of fixed wireless access network will usher the Indian telecom sector into the second phase of 5G network deployment, Nokia India head of mobile networks business Tarun Chhabra said at the India Mobile Congress. «India's requirement is still going to be substantial in 2024-25, then our factories will be fully loaded with India plus some exports,» Chhabra said. Nokia has recorded multi-fold growth in its telecom gear business in India on account of rapid 5G network deployment. In the third quarter financial report, Nokia CEO Pekka Lundmark said the business continued to benefit from 5G deployments in India, where net sales more than doubled year-on-year, but sales volume moderated significantly on a sequential basis as the pace of deployment has started to normalise. Chhabra said Nokia will increase exports from India if demand tapers, but he expects the growth momentum in the country to continue. «Fixed wireless Access (FWA) is one big thing that can actually require a lot of data thrusting and then operators will have to actually deploy more networks.

Keith Lee, in the ever-evolving world of food criticism, has emerged as a polarizing figure, sparking a heated debate about Atlanta's dining scene and restaurant culture. Lee, a food critic and martial artist, recently turned his discerning eye to several Atlanta restaurants, and his reviews have left the city's locals and social media abuzz with conversations and critiques. Lee's observations centered around the unique and sometimes surprising ways in which Atlanta restaurants operate. From unconventional ordering methods to restaurant hours that appear to defy the norm, Lee raised questions about the peculiar behavior of Atlanta's dining establishments. One restaurant that particularly irked Lee was The Real Milk & Honey. In his review, he recounted his frustration at not being able to place an order via phone or DoorDash. When he and his family attempted to dine in, they were met with a baffling response — being told that the restaurant was closed for deep cleaning while other patrons were still enjoying their meals inside. Lee, in his review video, was also seen visiting hotspots like Lil Baby's The Seafood Menu, Juci Jerk, and Atlanta Breakfast Club, where he encountered restaurant rules and practices that seemed to be “uniquely Atlanta”.

Jio Infocomm is chasing a ₹70,000-crore annual revenue opportunity as part of its "change India project" to connect 100 million households with broadband in the coming couple of years, a senior company executive told ET. This will be at the heart of the telecom operator's push to monetise 5G services and drive average revenue per user (ARPU). While fibre remains an important means, its fixed wireless access (FWA) offering, JioAirFiber, will be key to achieving the ambitious figure.

insurance agents have been selling flawed unit linked insurance plans (Ulips), endowment plans, and other such financial instruments to gullible investors because of their tax advantage over equity. Below are some examples: The capital gains on the maturity of an Ulip are tax-free if the total sum of premiums remains under ₹2.5 lakh per year. Rebalancing within a ULIP (from debt to equity, dividend to growth plan, etc.) also does not attract taxes, unlike mutual funds where moving from an equity to a debt scheme (or vice-versa) within the same asset management company is treated as buying and selling activities and attracts taxes.