Provident Financial News
14.09 / 21:13
Provident
Platform
Gap
Software
Metro
beautiful
techno
Schools
stake
Kedaara picks stake in Orchids schools owner
VCCircle that Kedaara may have invested ₹1,300-1,500 crore ($156-180 million) in the Bengaluru-based K-12 school operator. “India has over 260 million students enrolled in the K-12 segment, that aspire for accessible, and holistic education. K12 Techno has helped schools bridge this gap by leveraging technology and process orientation," said Sunish Sharma, founder and managing partner, Kedaara Capital.
14.09 / 20:03
UPS
Provident
Software
Niti Aayog plans policy to push local production of assistive devices
assistive devices in India by incentivising the private sector to undertake R&D for such technology and scale up production while providing monetary support to persons with disability to avail assistive technology services to reduce the out-of-pocket payment.NITI Aayog has started discussions with the Indian Council of Medical Research (ICMR), World Health Organisation (WHO) and stakeholder ministries to firm up the blueprint for a national integrated policy on assistive devices, a senior government official told ET.
14.09 / 20:03
UPS
Provident
Target
Asia Cup: Sri Lanka stun Pakistan in a thriller to meet India in final
Sri Lanka batters kept calm at the crucial junctures of the game to pull off a hard-earned victory against Pakistan on Thursday to meet India in the final of the 2023 Asia Cup.
14.09 / 20:03
COST
Provident
Aware
Manufacturing
Matthews
country
The benefits of space will keep growing for countries and companies — ISRO is the most inspiring model for space development now: Matthew C. Weinzierl
space sector.Q. What is the core of your research?A. I bring the tools of economics to the rapidly changing space sector.
14.09 / 19:11
UPS
Provident
Extreme
Manufacturing
Mobile
country
BAE Systems, L&T join hands to bring all-terrain vehicle to India under 'Make in India' programme
BAE Systems and Larsen & Toubro have teamed up to bring the AATV to the country under the 'Make in India' programme, it said. «The two companies have signed an agreement to offer the BvS10 for an Indian armed forces programme», the statement said. Under the agreement, L&T is the prime bidder for the Indian market, with the support of BAE Systems Hagglunds, the Swedish manufacturer of the highly successful BvS10 family of vehicles. «BAE Systems and L&T have upgraded the BvS10 to meet the specific requirements of the Indian armed forces. This new variant will be known as the 'BvS10-Sindhu'.
14.09 / 19:11
COST
UPS
Provident
Digital
Manufacturing
wholesale
Wholesale inflation dips for fifth month to 0.5% in August
Wholesale inflation declined for the fifth consecutive month in August to 0.52% from 1.4% in July providing further comfort to the Reserve Bank of India to hold rates ahead of the RBI's Monetary Policy Committee in early October, experts said. «With fall in commodity prices driving deflation in core WPI on YoY basis (which implies lower input costs for producers), currently there is limited pressure on consumer prices, resulting in broadly stable CPI core inflation. This is likely to comfort the RBI,» said Rahul Bajoria, head of EM Asia (ex-China) economics, Barclays. RBI last raised policy rates to 6.5% in February and has not instituted a rate hike since.
14.09 / 19:03
14.09 / 19:03
UPS
Provident
COP
performer
Colinton Partners’ Dimeo sparkles for suitors; Miles Advisory hired
Ex-Carlyle Australia boss Simon Moore’s private equity firm Colinton Partners has set the wheels in motion for what could be a $350 million exit at its cleaning services business Dimeo.
14.09 / 19:03
14.09 / 18:31
COST
Citi
Provident
FIVE
Parke
star
folk
Montana Ranchers’ New Side Hustle: Giving Tourists the ‘Yellowstone’ Experience
GALLATIN GATEWAY, Mont.—Fifth-generation rancher Bayard Black has a lot of city folks looking to pay top dollar to rent his spread in the mountains near Yellowstone National Park. He can thank John Dutton in part for that. The runaway popularity of the “Yellowstone" TV series, starring Kevin Costner as rancher patriarch Dutton, has helped spur interest among tourists to spend time on real ranches.
14.09 / 18:31
Provident
Aware
Action
HSBC
HSBC to boost startup funding across sectors
startups after exhausting 80% of the $250 million earmarked last year, a senior executive said, underscoring the lender’s focus on the sector facing funding challenges. Ajay Sharma, head of commercial banking at HSBC India, said the lender banks 45% of Indian unicorns, and is willing to meet some working capital requirements of startups, while pushing them to maintain high corporate governance standards. Instances of delayed financial reporting and alleged fraudulent practices by some large startups have put the spotlight on governance issues at some entities that have raised billions of dollars from investors.
14.09 / 18:31
COST
Provident
BLOCK
Manufacturing
Gap
social
The Census Exposes Bidenomics
You almost have to admire the brass of the Biden White House. The Census Bureau reported Tuesday that Americans are poorer under Bidenomics, and the President quickly changed the subject to blame Republicans for rising child poverty on his watch. As usual, too many in the press corps bought the spin.
14.09 / 18:31
COST
IPO
Provident
Target
awards
EbixCash’s IPO filing doesn’t disclose an adverse court order
NEW DELHI : EbixCash Ltd, payment services company that plans to go public, is yet to disclose in its draft share sale documents an adverse arbitration order passed by a Singapore court in June that could cost it ₹100-200 crore. The firm, a unit of Nasdaq-listed Ebix Inc., received the markets regulator’s approval for a ₹6,000 crore IPO in April. EbixCash purchased gift card provider ITZCash in 2017 and rebranded it to Ebix Payment Services (EPS), which now forms a big chunk of its business.
14.09 / 18:15
Provident
Platform
RPG
Nintendo
classical
Nintendo to launch 'Paper Mario: The Thousand-Year Door' on Switch. Check release date
Nintendo has exciting news for fans of «Paper Mario: The Thousand-Year Door», as the beloved RPG is making its way to the Nintendo Switch. This announcement was made during the September 2023 Nintendo Direct event. Players can anticipate a remake of Paper Mario: The Thousand-Year Door, originally released for the GameCube. The game is slated for release on the Nintendo Switch in 2024, offering improved graphics and other enhancements, according to Nintendo. This remastered version of the highly acclaimed RPG, developed by Intelligent Systems, provides a new generation with the opportunity to experience its unique charm. As part of the well-established Paper Mario series, Thousand-Year Door skillfully combines stunning 3D animation with distinctive 2D visuals. This news follows the earlier announcement of a remake of the Super Mario RPG, revealed during a Nintendo Direct in June. Fans have long clamored for the return of Paper Mario: The Thousand-Year Door, citing its delightful writing, robust RPG gameplay, and limited availability outside of the GameCube platform. Nintendo appears to be catering to fans of classic RPGs, as they are set to launch a remade version of the original Super Mario RPG in November. The unveiling of Paper Mario: The Thousand-Year Door coincided with the announcement of F-Zero 99, Unicorn Overlord, and a Tomb Raider Remastered Collection during the Nintendo Direct event. This addition adds to the excitement generated by the earlier announcement of a remake of Super Mario RPG, which was also featured during the showcase. For a comprehensive list of all the reveals made during the event, be sure to check out «Everything Announced.»
14.09 / 18:15
Provident
Manipur violence: 175 killed, 1108 injured in four months
Manipur since early May, police officers said on Thursday. Altogether 4,786 houses were set on fire and 386 religious structures vandalised. Addressing a press conference, IGP (Operations) IK Muivah said, «In this challenging time that Manipur is in, we can reassure the public that the police, central forces and the civil administration are trying round the clock to bring normalcy back.» Of the weapons that have been «lost», 1,359 firearms and 15,050 ammunition were recovered, Muivah said. A large number of arms and ammunition of the police have allegedly been looted by the rioters during the violence. As many as 5,172 arson cases were reported, Muivah said adding that 386 religious structures — 254 churches and 132 temples — were vandalised. «Security barricades from Phougakchao Ikhai in Bishnupur district to Kangvai in Churachandpur district have been removed while security has been provided on national highways,» he said. IGP (administration) K Jayanta said of the 175 people who died, nine are still unidentified. He said, «Seventy-nine of the bodies have been claimed while 96 remain unclaimed.
14.09 / 18:02
UPS
Provident
BLOCK
Waters
Fox
Action
Power
Biden administration restores the power of states and tribes to review projects to protect waterways
States and Native American tribes will have greater authority to block energy projects such as natural gas pipelines that could pollute rivers and streams under a final rule issued Thursday by the Biden administration
14.09 / 18:01
14.09 / 17:59
COST
UPS
Provident
MET
Aware
Food ministry to seek jute bag exemption for sugar packaging
NEW DELHI : The department of food and public distribution will seek an exemption for sugar from mandatory 20% jute bag packaging starting next month. Sugar millers and factory owners wrote to the textile secretary last month, saying though jute bags were good for packaging grains, they were not ideal for sugar. Jute bags, being porous do not protect sugar from moisture, a senior government official aware of the matter said.The relaxation will also be sought on the grounds of the costs involved and operational challenges.
14.09 / 17:49
UPS
IPO
Provident
Booking
Allianz
band
Yatra Online IPO: Firm mobilises ₹348 crore from anchor investors ahead of IPO
₹348 crore from anchor investors on Thursday. The Initial Public Offering (IPO) will open for subscription on Friday and will close on September 20. Also Read: Yatra Online IPO opens tomorrow; GMP, price band, dates and other details The online travel firm raised the amount from 33 anchor investors on Thursday, a day before its initial public offering.
14.09 / 17:49
Provident
Reuters
Biden's son Hunter hit with criminal gun charge in US special counsel probe
Joe Biden's son Hunter Biden was criminally charged on Thursday, after efforts to reach a plea deal failed, leading to the first ever prosecution of a sitting president's child. The indictment filed on Thursday U.S. District Court in Delaware with three criminal counts related to gun possession. The indictment brought by recently elevated U.S. Special Counsel David Weiss comes after a deal for Hunter Biden, 53, to plead guilty to two misdemeanor tax charges and enroll in a program to avoid prosecution on a gun-related charge collapsed in a stunning turn in a July hearing. The charges ensure that courtroom drama will play an outsized role in the 2024 U.S.
14.09 / 17:49
Provident
MET
FIVE
Broadbase board before adding new clients, Sebi tells Brickwork
MUMBAI : The Securities and Exchange Board of India (Sebi) on Wednesday directed Brickwork Ratings to broadbase its board, three months after the appellate tribunal quashed its order to cancel the credit rating agency’s licence. Ashwani Bhatia, whole-time member of Sebi held that Brickwork will have to onboard new board members to broadbase its board so that there are nine members. The regulator said the new inducted members to the board should either be independent directors or non-executive directors not related or connected to the founding management of Brickwork Ratings.
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