Provident Financial News
30.10 / 08:03
Citi
Provident
FIVE
CEO
Strategy
guidance
500
Lodha group expects to surpass Rs 17,500-crore project addition guidance in FY24
Lodha, listed at Macrotech Developers, is set to exceed its full year guidance of Rs 17,500 crore worth Gross Development Value (GDV) for new project additions in the current financial year, said a top company official. The company has already added projects with development value of Rs 14,300 crore or over 80% of its full year guidance in the first half of the financial year and expects to surpass the guidance soon, Abhishek Lodha, MD & CEO, Macrotech Developers, told ET. “Given how much we have already achieved in the first half and the pace of new project additions and strengthening the pipeline of business development opportunities, we are well on our way to exceed our full-year guidance,” Lodha said. The company will continue to operate with its ‘supermarket’ strategy that involves undertaking a development every 3-5 kilometres across key core property markets including Mumbai and Pune. “The ‘supermarket’ strategy is part of our diversification. We believe that Indian homebuyers typically do not shift beyond 3-5 kilometres away from where they currently live.
30.10 / 07:47
Provident
Target
FIVE
Mobile
Stealth
cover
reports
India's own Iron Dome: Plan ready to deploy indigenous long-range air defence system by 2028-2029
air defence system and plans to deploy it by 2028-2029, a ToI report said on October 30. The system is being developed by DRDO under the ambitious Project Kusha. According to the report, the system will be able to «detect and destroy incoming stealth fighters, aircraft, drones, cruise missiles and precision-guided munitions at ranges up to 350-km.» The «interception capabilities» of the indigenous long-range surface-to-air missile (LR-SAM) system, will be “comparable” to the Russian S-400 Triumf air defence system, the report said. It may be mentioned here that the Russian S-400 Triumf was recently inducted by the Indian Air Force. The Cabinet Committee on Security had cleared development of the LR-SAM system as a “mission-mode” project in May 2022.
30.10 / 06:55
Provident
Manufacturing
Apple
performer
consequences
information
reports
Apple Scary Fast event: M3 chipset likely to launch with 3 new variants
iMac. The chip is rumored to be available in various configurations, contingent on the number of cores, and it may signify a transition to a 3-nanometer manufacturing process, reported Bloomberg. Let us delve deeper into Apple's forthcoming M3 chips.
30.10 / 06:55
Provident
Action
Parke
Experts
information
reports
Tax authorities probing Raymond's consumer care business sale to Godrej: GST in focus
GST Intelligence (DGGI) is investigating the sale of Raymond's consumer goods business to a Godrej unit, The Economic Times reported quoting sources. In April 2023, Godrej Consumer Products (GCPL) acquired Raymond's FMCG business, including the Park Avenue, KS, KamaSutra, and Premium trademarks, through a slump sale. Also Read: Centre notifies 18% GST on corporate guarantees In a filing with the stock exchanges, GCPL revealed that it paid ₹2,825 crore for this acquisition.
30.10 / 06:55
Provident
CEO
Entertainment
show
country
innovations
2020
'Prosperity needs hard work,' Ex-Infosys CFO backs Narayana Murthy's 70-hour work advice
Even Narayana Murthy isn't always on point: youth must work smarter, not longer Defending Murthy's statement former Infosys CFO Mohandas Pai has shared data on how many hours urban men work in each state. Pai asserted that 'Prosperity needs hard work, data shows'. Also read: Mint Explainer: Why Narayana Murthy's call for a 70-hour work week won't fly According to the map that Mohandas Pai shared, the average working hours in India is 61.6 per week.
30.10 / 06:55
Provident
CEO
Southern
performer
information
reports
AU Small Finance Bank board approves merger with Fincare SFB; stock falls 8%
AU Small Finance Bank lost over 8 percent in intra-day deals on Monday, after the lender announced that its board has approved the merger with Fincare Small Finance Bank. The firm will acquire Fincare Small Finance Bank in an all-stock transaction valued at ₹4,411 crore. The move is aimed at extending the bank's footprint in southern India and entering the microfinance sector, it said.
30.10 / 06:55
Provident
TikTok
Instagram
shootings
social
stars
2020
Forget Retirement. Become a Social-Media Star Instead.
Lynn Davis, a 67-year-old retired engineer, never thought she would find fame and fortune on social media. She stumbled into it in the spring of 2020 during the pandemic while she and her family were in lockdown at their home in Holmdel, N.J. One day, she says, her son Tim Davis, an out-of-work videographer, asked her to help him shoot some short cooking videos.
30.10 / 06:37
Provident
Career
Compilation
Fallout
country
strain
US grants 90,000 student visas to Indians this summer, will numbers surge with looming Canada-India visa dynamics?
visa dynamics between India and Canada. To fully understand this development, it's crucial to consider historical trends. Historically, the U.S. has been the top choice for Indian students seeking global education. However, recent events and geopolitical shifts have led many to explore alternatives. Canada, with its welcoming immigration policy and top-notch educational institutions, has emerged as a compelling option. Nearly 20% of Indian students now prefer Canada as a destination for higher education after the United States, reshaping the landscape of international educational opportunities for Indian scholars. This shift underscores the evolving preferences and choices of Indian students, impacting the global education landscape. Are you immigration ready? Find out
30.10 / 05:57
Provident
Waves
Mobile
Software
Qualcomm
Patrick
cover
services
Qualcomm in talks with Musk's Starlink and others on changes needed for mobile satellite services
Qualcomm Inc, the world’s biggest maker of smartphone chips, is in talks with top satellite companies, including Elon Musk’s Starlink, on changes required in smartphone chipsets and software elements to enable mobile satellite services on future Android devices. The San Diego-based chipmaker is exploring the feasibility of potential technology solutions like narrow-band non-terrestrial networks (NTN) which could make it possible for mobile devices to talk to satellite systems and, in turn, offer fast wireless broadband connectivity to people outside the coverage area of terrestrial networks. “A lot of activity is underway at Qualcomm on ways to reach people who are out of the terrestrial coverage area… we’re collaborating with companies like Starlink on potential solutions like narrow-band NTN, which is almost like doing 4G, but having it come from a satellite system instead of a 4G base station,” Chris Patrick, general manager of mobile handsets, Qualcomm Technologies Inc, told ET. Qualcomm Technologies is the research and development arm of the US-based smartphone chipmaker. Patrick, though, said ringing in mobile satellite services via solutions like narrow-band NTN would require changes in a mobile phone’s chipset and software elements, even as the intent is to use satellite constellations and bind them closely with existing cellular infrastructure. “That’s where developments are underway at Qualcomm to build in the wireless satellite service functionality into the next wave of Android devices… but there’s a lot of work that has to be done on the device, and the jury’s still out on how these systems will function in real life,” he said. The comments come at a time when India is considering a recent proposal of
30.10 / 05:53
Provident
Man
Airlines
Mobile
Celebrity
travelers
shock
‘Air Canada needs to step up’: Disabled B.C. man forced to drag himself off plane
Air Canada flight in Las Vegas after the airline’s third-party ground assistance personnel were not available to help him.Prince George resident Rodney Hodgins says he’s going to push for changes to ensure no other disabled person endures what he experienced.“I don’t want anybody else to have to go through that,” he said in a phone interview. “I would like a change within their policies or how they do things.
30.10 / 03:01
Provident
BLOCK
Extreme
Fighting
Inside
gatherings
evacuation
Small team of Canadian special ops deployed to Israel after Oct. 7 attack: sources
A small team of Canadian special operations forces have deployed to Israel in the wake of the October 7 attack, Global News has learned from multiple sources with direct knowledge of the mission.
30.10 / 01:33
Provident
Death
hospital
information
travelers
Department
AP train accident: PM Modi announces ex-gratia of Rs 2 lakh to kin of deceased, Rs 50,000 for injured
ex-gratia of Rs 2 lakh from the PM's National Relief Fund for the next of kin of each deceased and Rs 50,000 for injured in Andhra Pradesh train accident, PMO Office informed. «The Prime Minister has announced an ex-gratia of Rs 2 lakh from the PMNRF for the next of kin of each deceased due to the train derailment between Alamanda and Kantakapalle section. The injured would be given Rs.
30.10 / 01:19
30.10 / 01:13
Provident
Action
Experts
How to overcome the inertia in investing
Raghav has read about the need to start investing early and is concerned about his inability to do so yet. He is 35 years old and has been married for three years. He has reached middle management level at his job and earns well. However, he is not able to save at all. The couple enjoys frequent outings, shopping and holidays, which leaves little for savings. While Raghav has every intention of saving and investing a portion of his income, he finds that there is either very little left at the end of the month or the money lies idle in his savings account. He likes the thought of having to make a financial plan, but is unable to take the decisions to put it into action. He finds reasons to avoid doing so. What can Raghav do to overcome the problem that he is facing? Inertia in taking investment decisions is a common problem faced by many people despite the right intentions.
30.10 / 01:13
Provident
Extreme
CEO
Strategy
track
Should you invest in the latest, true-to-label balanced hybrid mutual funds?
mutual funds have only one mandate: to maintain ‘balance’ between equity and debt. However, this is not the way that the existing balanced funds in India have been managed over the years. Most funds in this segment maintain a tilt towards equities to qualify for the preferential equity taxation.
30.10 / 01:13
Provident
Extreme
Strategy
Align
Dreams
stage
travelers
Financial
Retirement planning: How to adopt FIRE model to retire early, achieve financial security
financial independence, retire early) movement. The FIRE model originated in 1992 with Your Money or Your Life, a book by Vicki Robin and Joe Dominguez, which talked about the pursuit of financial independence to gain control over one’s life. In 1994, Financial Planner William Bengen introduced the 4% rule, which proposed that one could safely withdraw 4% of one’s investment portfolio annually in retirement without depleting one’s savings. This became another core element of FIRE planning.
29.10 / 21:01
Provident
performer
audience
Latin
Time
‘The Chosen’ Season 4: Release Date, time, what to expect and more
Angel Studios, started producing 'The Chosen' in 2019. This unique series, which provides a novel perspective on the life of Jesus Christ, primarily sees his life as a historical drama. Interestingly, instead of focusing on Jesus, the series delves deep into the experiences of those who met him, allowing viewers to see Christ from the perspective of those he impacted.
29.10 / 19:27
Provident
Target
FIVE
Assurant
Pool
Enterprise
Highways
NHAI’s InvIT to raise ₹9,000 cr
NEW DELHI : The National Highways Infra Trust (NHIT), the investment trust sponsored by the National Highways Authority of India, plans to raise as much as ₹9,000 crore after Diwali through a mix of debt and equity, two people familiar with the development said. The infrastructure investment trust’s (InvIT’s) third round of fundraising, involving the monetization of six 250km highway stretches, will be conducted in phases, targeting domestic and global investors. Additionally, a proposed non-convertible debentures (NCD) issue, the size of which would be similar to last year’s ₹1,500 crore, would also be offered to retail investors with assured returns of close to 8%, the people said on the condition of anonymity.
29.10 / 18:29
Provident
SEC
Experts
show
social
Department
Victoria registered SEC less than 24 hours before rollout
The Victorian government registered the State Electricity Commission as a company less than 24 hours before it unveiled a 10-year “strategic plan” at an energy conference with tech billionaire turned environmentalist Mike Cannon-Brookes.
29.10 / 18:23
Provident
FIVE
WhatsApp
Bill
Rahul Gandhi works in paddy field in poll-bound Chhattisgarh; see pics
₹2,640 per quintal. Also Read: Chhattisgarh Assembly election: Who will be CM if Congress is elected to power? TS Singhdeo reveals The second, he said, is the “input subsidy of ₹23,000 crore to 26 lakh farmers" of the state. The third was the decision to waive off loans of 19 lakh farmers, cumulatively amounting to ₹10,000 crore.
29.10 / 18:23
Provident
WhatsApp
Highways
Death
testing
Auto-nomous: But shouldn’t we be in charge?
Mint explains: Up until early August, only Cruise autonomous cars with a “safety driver" (human) could charge cab fares for rides in California at night. Cruise driverless cars could take passengers without humans but not charge any fare. Alphabet-owned Waymo, another fully autonomous car, couldn’t charge without a human driver either.
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