Provident Financial News

Stablecoin issuer Circle has announced the official launch of USDC, the second largest stablecoin by market cap, in the Polkadot Asset Hub parachain. 

A federal judge has halted implementation of a California law intended to restrict companies’ use of information gathered from young internet users in order to protect the privacy of minors

Carlyle Group is providing a cash infusion to acquisition-hungry Captrust Financial Advisors, the latest sign that private equity is still very much interested in registered investment advisors and that deals in the space may still be ramping up.

Binance CEO Changpeng "CZ" Zhao has responded to allegations the US Securities and Exchange Commission (SEC) raised regarding Binance.US's association with wallet provider Ceffu.

Investigators say a blast that prompted evacuations near Union Pacific's massive railyard in western Nebraska last week appears to be accidental

Hyundai is rushing to start electric vehicle and battery production at a $7.6 billion complex in coastal Georgia, spurred by federal electric vehicle incentives that reward domestic production

The debt-financed, $1.2 billion acquisition of Avantax Inc. and its 3,100 financial advisors that Cetera announced last week is not only an indication of firms’ interest in nabbing more and more wealth management assets, but also shows how using debt to fuel such deals could further reshape the financial advice industry landscape, according to one senior industry executive.

BSE Ltd on 4 January, says his mandate is to ensure that Asia’s oldest stock exchange becomes more vibrant with increased participation by retail, foreign and domestic institutional investors and algo traders. He has requested brokers to change their front-end software solution to include BSE’s cash and derivatives segments to offer more choices to participants. And many of them have obliged.

NEW DELHI : The historic women’s reservation bill was presented in Parliament on Tuesday, with both the government and opposition Congress party jostling for credit. The bill, with a sub-quota for scheduled castes and scheduled tribes, was the first to be introduced in the new Parliament building, 13 years after the first attempt to pass it. Despite their criticism about the lack of a clear timeline to implement the law, all opposition parties are expected to support it.

The playoff-bound Tampa Bay Rays put the finishing touches on plans for a new 30,000-seat ballpark in St. Petersburg

Instacart’s shares are surging in the grocery delivery company’s stock market debut

German government officials have held talks with their Polish counterparts asking them to clarify how many visas were issued in an illegal program in which some Polish consulates issued visas in Africa and Asia in exchange for bribes

₹23.99 lakh. The base variant will be available for ₹20.49 lakh. “We’re launching a product variant that is exclusively to India and won’t be sold any-where else.

New Delhi: German plumbing materials and sanitary fittings manufacturer Hansgrohe, known for its premium faucets and showers, is set to expand its presence in the Indian bathroom solutions market with the launch of new ceramics line. In an exclusive interview, the German brand’s India managing director, Gaurav Malhotra talked about the company’s plans to introduce 64 new ceramics designs to the Indian market by 2023-end, as a part of its strategy to provide a full range of bathroom solutions to Indian consumers. While faucets and showers constitute the bulk of its business, Hansgrohe sees opportunity to leverage its brand reputation for luxury fixtures catering to aspirational consumers.

Reliance Jio on Tuesday launched its fixed wireless access (FWA) device — Jio AirFiber — in eight cities — Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune, just over a month after rival Bharti Airtel introduced its own device in two cities, as both telcos make initial attempts at monetising their 5G services. «Our extensive fiber-to-the-home service JioFiber, already serves over 10 million customers...With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service,» Akash Ambani, chairman of Reliance Jio, said in a statement. A fixed wireless device uses radio frequencies instead of cables/fibres to provide fixed broadband access, using technologies like 5G. Simply put, these are portable broadband devices, much like dongles but with better coverage and speeds. The Jio AirFiber service has been launched with multiple plans ranging from 30 Mbps speeds to 1000 Mbps speeds, all available in blocks of six months and 12 months, the telco said in the statement. The plans are available in two buckets — Jio AirFiber and Jio AirFiber Max.

China's Foreign Ministry has asked all foreign consulates in Hong Kong to provide the personal details of their locally employed staff, as Beijing tightens its control over the semi-autonomous city. The Commissioner's Office of the Foreign Ministry, in a letter seen by The Associated Press, asked the consulates to provide staffers' names, job titles, residential addresses, identity card numbers and travel document numbers «in line with the Vienna Convention on Consular Relations and general international practice.» The letter, dated Monday and addressed to all consulate posts and the Office of the European Union, stated that they should comply with the request by Oct. 18, and that the details of staffers who are employed in the future should be furnished within 15 days. It wasn't clear whether China furnishes details of its staff in foreign missions to other countries. The request comes as Beijing has tightened control over Hong Kong in recent years following its imposition of a sweeping national security law aimed at stamping out dissent. Governments in the West have criticized the law as a dismantling of Hong Kong's political freedoms and civil society.

Swift is in the process of working with central banks and financial institutions on beta tests of an experimental method for interlinking CBDCs with existing fiat infrastructures. The cooperative’s Nick Kerigan argued that interoperability should be front of mind early on in the CBDC development process in order to avoid some of the issues that have been seen with national payment systems. David Ballaschk from the Deutsche Bundesbank and Hariram Chakraborthy Janakiraman from ANZ agreed that we will not see a standard CBDC, and that interoperability is the best that can be hoped for.

'Just like we've shifted from carbon credit to green credit, can we also change this pattern… instead of celebrating the consumer rights day worldwide out of compulsion, can we take the leadership in talking about consumer care day,' he said. 'Once we start celebrating consumer care day, you will see the change in the environment with big positive signals.' Modi's speech is timely, given the growing concerns about the impact of businesses on consumers and the environment.

Justin Trudeau seems to have gone all Kim Jong Un by stating in Canada's parliament on Monday that 'credible intelligence' from security services link the assassination of Hardeep Singh Nijjar, a pro-Khalistani Canadian citizen, with the 'agents of the Government of India'. GoI has reacted by calling Trudeau's theory 'absurd'.

GoI has tabled the Women's Reservation Bill to provide a 33% quota for women in Lok Sabha and state assemblies. While the Bill is likely to have a smooth passage, it's unlikely to come into force until the next census (2027) and delimitation exercise are completed. Better late than never.

Danaher Corporation on Tuesday said it will be reducing the price of its Cepheid's Xpert MTB/RIF Ultra diagnostic test cartridges for tuberculosis by 20% in high-TB-burden countries, from $9.98 to $7.97 per test. Danaher will provide each test cartridge to the Global Fund to Fight AIDS, TB and Malaria (the Global Fund) and to less-developed countries eligible for Cepheid's Global Access Program to support greater access to high-quality TB testing.