Provident Financial News
15.01 / 04:21
15.01 / 03:55
markets
Provident
security
Strategy
Celebrity
PAM
country
76th Indian Army Day: Why is it celebrated on January 15, theme and other details
Every year, 15 January is commemorated as ‘Army Day’ to remember the occasion when General (later Field Marshal) KM Cariappa took over the command of the Indian Army from General Sir FRR Bucher, the last British Commander-in-Chief in 1949 and became the first Indian Commander-in-Chief of Independent India. The Indian Army originated from armies of the East India Company which later became the British Indian Army and the Princely States Army, and after independence in 1947, merged into the National Army of India. The units of the Indian Army have fought many battles in the past where they gained honor for the country with their bravery. The Indian Army has the sole objective of protecting the nation from any foreign aggression that arises, ensuring the nation's security. They also try to protect the nation from internal threats. During natural calamities, the Indian Army conducts humanitarian rescue operations to save people's lives. In a landmark announcement on January 1, 2025 Defence Minister Rajnath Singh declared 2025 as the 'Year of Reforms', signalling a decisive shift towards a more agile, technologically advanced, and combat-ready Armed Forces, said a statement from the Indian Army. The 'Year of Reforms' comes on the heels of the Indian Army's 'Year of Transformation' (2023) and 'Years of Technology Absorption' (2024 and 2025). However, acknowledging the long gestation period required for meaningful change, the Indian Army has already identified 2023 to 2032 as the 'Decade of Transformation'. The announcement of 2025 as the 'Year of Reforms' provides strategic direction and impetus to this long-term initiative. Why is Indian Army Day celebrated on January 15? Army Day is celebrated on this day to remember
15.01 / 03:25
markets
Provident
Platform
Strategy
TikTok
PAM
Courts
TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline
TikTok plans to keep paying U.S. employees even if the Supreme Court does not overturn a law that would force the sale of the short-video app in the U.S. or ban it, the company's leadership said in an internal memo reviewed by Reuters on Tuesday.
15.01 / 03:25
markets
Provident
Progressive
security
Strategy
Pride
country
"Symbol of pride and trust for every Indian": Rajnath Singh extends wishes on 77th Army Day
Rajnath Singh on Wednesday extended his heartfelt greetings to the brave soldiers, officers, and families of the Indian Army on the occasion of 77th Army Day.
15.01 / 03:25
markets
Provident
Analysis
wellness
Trade
Experts
Cycling
Some more pain left in mid and smallcap companies; largecap valuations attractive: Sampath Reddy
Sampath Reddy, Founder & CIO, Azurean Investment Managers, says mid and smallcap banks or NBFCs or some of the affordable housing lenders may have the potential for much bigger returns, but the risks are also higher there. Within the overall lending space, he would prefer to stick to the larger private sector banks compared to NBFCs and other lenders. What is your reading of the market? Do you think much of the global and domestic parameters are in the price or could there be some more downticks in the days to come? Sampath Reddy: It is a little difficult to say how the excess valuation that is there in the mid and smallcap segments will be readjusted. Even with the yesterday's fall or last few days' fall, mid and smallcap companies, broader valuations of that segment as such still on the higher side, whether it will be a prolonged time correction or an accelerated growth in earnings, which way it will bring the overall multiples of the mid and smallcap segments is difficult to say but at this point of time with whatever the correction that we have seen so far, largecap segment looks very-very attractive.
15.01 / 03:25
markets
COST
Provident
Waters
security
country
Department
Biden takes big step for the future of AI with ambitious executive order
Biden on Tuesday signed an ambitious executive order on artificial intelligence that seeks to ensure the infrastructure needed for advanced AI operations, such as large-scale data centers and new clean power facilities, can be built quickly and at scale in the United States.
15.01 / 02:57
Citi
Provident
Sustainability
Remark
fun
innovations
travelers
Pet care goes smart with tech
Subscribe to enjoy similar stories. The world of pet care has seen remarkable advancements in the last year, offering pet parents exciting new ways to enhance the lives of their companions. With innovative technologies, wellness-focused solutions and sustainable practices, caring for pets has never been more effective or rewarding.
15.01 / 02:19
markets
Provident
Digital
Strategy
Experts
PAM
Resolution introduced in US Congress to designate January as Tamil Language and Heritage Month
Raja Krishnamoorthi, have introduced a resolution in the US House of Representatives to designate January as Tamil Language and Heritage Month. The resolution coincided with the beginning of Pongal, a major Tamil festival.
15.01 / 02:15
Provident
Reuters
security
Analysis
Research
Trade
Experts
Gold subdued as investors brace for US inflation print
Gold prices were subdued on Wednesday as investors remained cautious ahead of the U.S. consumer price inflation data that could provide more clarity on the Federal Reserve's interest rate trajectory. FUNDAMENTALS
15.01 / 02:15
markets
Provident
Strategy
Sustainability
BBC
PAM
information
Fire at Bangalore Bioinnovation Centre damages properties worth Rs 110 cr: Minister Kharge
Bangalore Bioinnovation Centre (BBC) on Tuesday morning and there were no casualties, Karnataka Minister Priyank Kharge said. The BBC is a Government of Karnataka undertaking which is located at the Electronic City in Bengaluru.
14.01 / 23:07
markets
Provident
Digital
CEO
Strategy
NVIDIA
PAM
What are AI agents that Nvidia CEO Jensen Huang says are a multitrillion-dollar opportunity?
Nvidia CEO Jensen Huang, in his recent keynote speech at CES 2025 stressed upon the significance of agentic AI, that could eventually revolutionize the workforce and provide a major boom for those companies who are deeply invested into agentic AI research and development.
14.01 / 22:09
markets
Provident
Digital
Strategy
Experts
band
PAM
Google-backed Pixxel launches Fireflies, India’s first private satellite constellation
Pixxel, a five-year-old startup, launched the first three commercial satellites of its Firefly constellation on Tuesday night. The Bengaluru-based hyperspectral imaging and Earth Observation (EO) startup plans to launch a total of 18 satellites in its constellation, providing critical climate and Earth insights to industries globally.
14.01 / 22:09
14.01 / 22:09
markets
Provident
security
Strategy
Sustainability
PAM
track
Aditya Birla-backed Digantara takes flight onboard SpaceX’s rocket, system to monitor and detect objects
Digantara said it has successfully launched its SCOT (Space Camera for Object Tracking) mission for space surveillance which will detect and track objects as small as 5 cm. The launch took place on Tuesday night aboard SpaceX’s Transporter-12 mission. SCOT aims to enhance space safety, optimize traffic management, and bolster national security initiatives, the startup said.
14.01 / 20:05
14.01 / 20:05
markets
Provident
Target
Digital
Strategy
Simulation
PAM
Is China Planning to Target Starlink Satellites Amid Taiwan Tensions?
Starlink satellites, aiming to neutralize their military advantages.
14.01 / 19:45
14.01 / 19:45
Provident
Digital
SEC
coinbase
security
cover
Courts
Court tells SEC to lay out why it has declined Coinbase's request for crypto regulations
A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector
14.01 / 18:29
Provident
Fighting
Election
WhatsApp
President
Uddhav Thackeray's decision to go solo not out of line: Sharad Pawar
Sharad Pawar has said that Uddhav Balasaheb Thackeray's decision to contest the local body polls independently was not out of line and that the INDIA bloc was meant for only the Lok Sabha polls. In what has come as a jolt to the Congress, Pawar indicated that he would prefer supporting the Aam Aadmi Party (AAP) in the Delhi assembly polls instead of long-term ally, the Congress.
14.01 / 18:29
14.01 / 18:29
markets
UPS
Provident
Digital
innovations
Fund of Funds for Startups (FFS): How policy vision transformed India's entrepreneurial ecosystem
Fund of Funds for Startups (FFS) in 2016, sceptics shrugged it off as another bureaucratic black hole. Seven years later, results speak volumes about its success: Rs 11,688 cr committed through 151 AIFs, catalysing a capital pool of around Rs 81,000 cr. An investment of Rs 21,277 cr has already been made in 1,173 startups. Beyond these numbers lies a compelling story of how appropriate policy design has changed India's entrepreneurial ecosystem.
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