Provident Financial News

Sanjeev Kumar Bijli, ED, PVR Inox, says “on Thursday we opened Leo down south. It has opened to phenomenal admissions and numbers. We have Tiger 3 coming out in November. December is looking jam packed. And it is going to be as good as August with Dunki, Salar. We have Animal, Merry Christmas and Marvels, and Aquaman. I am glad the movie line up is coming on the screen as well. So there is a combination of Hindi, English and regional films that are coming up in this quarter. And they all look amazing. They all look brilliant.” This is the highest ever revenue that we have seen so far in the second quarter. You must be elated at Team PVR INOX. It has been a really steady ship in the second quarter. The question is, can it continue this kind of momentum? It is the festive season for us before the festival starts. We are all very excited and elated by the results in this quarter, which obviously was augmented by the great lineup of films and some great cinemas and new properties that we had added. We are pretty confident and sanguine that this kind of a trend will continue because not only we have a good pipeline of films in the third quarter and the fourth quarter and we are also adding some very exciting new properties going forward.

Humanitarian donations to conflict-ravaged Haiti have dramatically declined since the assassination of its President Jovenel Moïse in 2021

₹925 crore. In an exchange filing, PTC India said, "PTC India in its Board Meeting held on 19 October has approved the bid submitted by ONGC Ltd for the acquisition of a wholly owned subsidiary of PTC India Limited ie PTC Energy Limited (PEL) at an equity value of ₹925 crore subject to adjustments in bid value as per the bid format".

Pradhan Mantri Jan Dhan Yojana (PMJDY) to provide financial services to all citizens, regardless of their socio-economic status. The scheme has made significant progress towards increasing financial literacy and reducing poverty, but it still faces challenges. Pradhan Mantri Jan Dhan Yojana is a National Mission on Financial Inclusion which has an integrated approach to bring about comprehensive financial inclusion and provide banking services to all households in the country.

Supreme Court Thursday held that the lower 5% withholding tax on dividend income of companies was not available to all Organisation for Economic Co-operation and Development (OECD) countries just on the most favoured nation (MFN) basis. A bench led by Justice Ravindra Bhatt held that international treaty practices are not enforceable in India unless the government notifies them, a ruling that experts said will have wide ramifications for the industry. «The decision of the apex court will have wide repercussions for the industry and could result in millions of dollars of additional tax revenue for the government,» said Amit Maheshwari, tax partner, AKM Global, adding that it could also entail reopening of past cases in form of fresh action by tax authorities. The top court set aside a 2021 Delhi High Court ruling that allowed Nestle SA, Concentrix Services, Steria and others a concessional withholding tax rate of 5% on dividend income from their Indian arms, extending the MFN clause in the OECD. The court also made it clear that preferential treatment given to a country under a double taxation avoidance agreement did not automatically get extended to other member countries unless the earlier treaty with them was amended. Experts said other countries could also revisit the position on benefits under these treaties.

Permissionless perpetual trading platform SynFutures has recently secured $22 million in a Series B funding round.

market, which closed lower for the second consecutive day on Thursday. Despite an early dip, the Nifty, however, showed remarkable resilience, rebounding 113 points to conclude the session 46 points down at 19,625.

India after the Indian government said it would revoke their diplomatic immunity, escalating a spat over the slaying of a Sikh separatist in Canada. The moves come after Canada's allegations that India may have been involved in the June killing of Canadian citizen Hardeep Singh Nijjar in suburban Vancouver. India has accused Canada of harbouring separatists and «terrorists,» but dismissed the allegation of its involvement in the killing as «absurd» and has taken diplomatic steps to express its anger over the accusation.

Cleartrip said it witnessed during the recently concluded Big Billion Days sale. Bookings for air travel rose 90% during Flipkart’s annual flagship sale compared with the business-as-usual period, Cleartrip chief financial officer Aditya Agarwal told ET in an interview. While bus bookings at the online travel agency grew 80%, the biggest jump was in hotel bookings that expanded three times.

Thomas Brenner, a former broker, has been sentenced to more than 10 years in prison by a federal judge in Ohio after pleading guilty to securities fraud that enabled him to acquire funds to pay for a race car and finance back taxes.

WWE SmackDown continues its journey towards Survivor Series with some high-profile War Games matches that are shaping up the ongoing feuds. In the upcoming episode of WWE SmackDown, Logan Paul is set to make a return to confront US Champion Rey Mysterio. Iyo Sky will defend her WWE Women's Championship against Charlotte Flair, and fans can look forward to an old-school grudge match between Santos Escobar and Montez Ford, which promises to be an intense showdown.

(Reuters) — WeWork's Chief Operating Officer Anthony Yazbeck will step down from his role and also as president on Oct. 20, the company said on Thursday, days after it named interim chief David Tolley as permanent CEO.

Panelists Ben Levisohn, Al Root and Andrew Bary provide insight on the Federal Reserve's moves on 'Barron's Roundtable.'

Atomic Wallet has frozen over $2 million after detecting suspicious deposits in a partnership with prominent exchanges. 

USDC Issuer Circle has launched a smart contract platform and gas station, a major push to streamline Web3 services. 

The trial against Sam Bankman-Fried continued in Manhattan federal court Thursday when Can Sun, FTX's former general counsel, took the witness stand.

NEW DELHI : The committee of secretaries (CoS) met on Thursday to iron out tricky parts of the India-UK free trade agreement (FTA) in the run up to the finalization of the deal next month, a person aware of the development said. As both countries inch closer to signing the agreement, discussions have focused on contentious parts such as intellectual property rights (IPR), rules of origin and bilateral investment treaties (BIT). The meeting of the so-called committee of secretaries comes at a time when the two sides have shifted gear to holding weekly negotiations.

₹19,229 crore in the year ended 31 March from the previous year, according to its regulatory filing with the ministry of corporate affairs’ registrar of companies on Thursday. Net profit for the year rose 30% to ₹649 crore, while employee benefit expenses increased 16.5% for the year to ₹1,411 crore. Microsoft’s growth in the country has been largely driven by a rise in revenue from its services offerings, its financial filings sourced by Mint through business intelligence platform Tofler showed.

NEW DELHI : HP Inc. has introduced a refurbished laptop programme in India, offering used but cost-effective computers for both retail consumers and businesses through HP-certified partners who will provide after-sales support. The programme, which has been launched for the Indian market, will be expanded to other markets in 2024, the company said in a statement Thursday.

NEW DELHI : Singapore is in talks with India to build industrial training and skilling institutes in India, according to persons aware of the matter. Skill development was made a key pillar of the strategic partnership between the two countries during education minister Dharmendra Pradhan’s visit to Singapore in May.

Thales CEO Patrice Caine hinted at in a recent interview with ET. India has the right market size and produces qualified manpower to use this to its advantage. Already, technology companies use India as a base for developing new products or improving existing ones.