Provident Financial News

13.09 / 17:35

COST IPO Provident Digital AXY Align JSW Infra gets nod for IPO

NEW DELHI : JSW Infrastructure Ltd, the Sajjan-Jindal-led port business, has received the approval to launch its ₹2,800 crore initial public offering (IPO) and is likely to finalize the launch by the end of this month, a person close to the matter told Mint. The port business of the $23 billion group had earlier in the year filed draft papers for a ₹2,800 crore IPO with an aim to retire the debt and furthermore fund the capacity expansion plans of the company. The entire IPO consists of a fresh issue of equity shares and there will be no dilution of the promoter’s existing equity. As of 31 December 2022, the company’s debt stood at ₹2,875 crore.

13.09 / 17:35

UPS Citi Provident ETF Govt exempts ETFs from capital gains at GIFT

New Delhi: The government has exempted units of investment trusts and exchange traded funds (ETFs) issued by entities based in GIFT City or traded in exchanges there from capital gains tax. The Central Board of Direct Taxes (CBDT) notified the exemption from capital gains tax any unit of investment trust; a unit of a scheme; and a unit of an ETF launched under the International Financial Services Centres Authority (Fund Management) Regulations, 2022.

13.09 / 17:07

Provident Enterprise Parke country Cruise Ship that charges $33,000 a person and carrying 206 people stranded in Greenland's Artic, here’s when rescue is expected

Ocean Explorer, a cruise ship with 206 passengers and crew onboard, has run aground in a remote area of Greenland, leading to a potentially lengthy wait for rescue.

13.09 / 17:07

UPS Provident CEO Align Namdhari Seeds sets up greenhouse facility near Bengaluru

Namdhari Seeds has set up a state-of-the-art greenhouse facility at Bidadi near Bengaluru to enhance its existing plant pathology and seed health operations. The cutting-edge facility spans 58,000 square feet, designed to adhere to international standards and incorporate the latest technological advancements, the Bengaluru-based vegetable and flower seed company said in a statement. Namdhari Group CEO Gurmukh Roopra said, “We recognize that there are multiple challenges at the farmer level that need scientific solutions.

13.09 / 16:18

UPS Provident BLOCK Waters ExxonMobil country Oil-rich Guyana opens bids for new offshore blocks as it seeks to boost production

The government of Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production

13.09 / 16:17

UPS Provident Cooper CEO Align Power Shuttered Michigan nuclear plant moves closer to reopening under power purchase agreement

A company seeking to restart a southwestern Michigan nuclear power plant says it has taken a major step forward with the signing of a power purchase agreement

13.09 / 16:17

UPS Provident FIVE Hyundai show track Hyundai could get $2.1 billion in aid to make electric cars in Georgia

Georgia will give Hyundai Motor Group a projected $2.1 billion in tax breaks and other incentives to build electric cars and batteries in the state

13.09 / 16:17

UPS Provident Waters Manufacturing Southern country Royalties copper Biden plan would overhaul 151-year-old mining law, make companies pay royalties for copper and gold

The Biden administration is recommending changes to a 151-year-old law that governs mining for copper, gold and other hardrock minerals on U.S.-owned lands, including making companies pay royalties on what they extract

13.09 / 16:17

Provident Lowe's Racing country Inside EU announces an investigation into Chinese subsidies for electric vehicles

The European Union is launching an investigation into subsidies that China provides to electric vehicle makers

13.09 / 16:17

COST Provident CEO Software cover blues HBCU coalition receives $124M gift from nonprofit funder Blue Meridian Partners

The HBCU Transformation Project, a coalition of 40 historically Black colleges and universities, on Wednesday announced a $124 million gift from philanthropic funders Blue Meridian Partners to increase enrollment, graduation rates and employment rates ...

13.09 / 16:17

COST UPS Provident CEO cover Union Pacific's new CEO won't forego cuts as he works to improve safety and service at the railroad

Union Pacific's new CEO came into the job last month with a reputation for cost-cutting

13.09 / 16:17

COST Provident SUN CAT show cover What to know about renters insurance and what it does and doesn't cover

When natural or manmade disasters happen, renters insurance can mean the difference between catastrophe and stability

13.09 / 16:17

Provident track country Sri Lanka deploys troops as the railway workers' strike worsens

Sri Lanka's government has deployed army troops at railroad stations as railway employees continued with their strike

13.09 / 16:17

Provident Waves Digital Mobile Apple Software Simulation iPhone 12 Agency The iPhone 12 emits too much radiation and Apple must take it off the market, French agency says

French regulators have ordered Apple to stop selling the iPhone 12, saying it emits electromagnetic radiation levels that are above European Union standards for exposure

13.09 / 16:17

Provident Binance Reuters SEC CEO Platform Action Binance.US CEO departs as crypto company cuts a third of its workforce

The CEO of Binance’s U.S. affiliate is leaving the crypto trading platform amid another round of job cuts

13.09 / 16:11

COST Provident Digital Citizens Platform Interface "Ushering in new era of justice delivery in India": PM Modi on Cabinet approving eCourts Project Phase III

Narendra Modi on Wednesday said that integrating advanced technology will make our judicial system more accessible and transparent. «With the Cabinet approval of eCourts Project Phase III, we are ushering in a new era of justice delivery in India. Integrating advanced technology will make our judicial system more accessible and transparent,» PM Modi posted on X (Formerly Twitter). Earlier today, the Union Cabinet, chaired by Prime Minister Narendra Modi, in its weekly meeting approved the eCourts Project Phase III. The project will have a financial outlay of Rs 7,210 crore.

13.09 / 16:11

Provident Digital Microsoft Strategy Software Centre Cyber Wipro opens a cyber defence centre in Germany

Wipro on Wednesday announced the launch of its cyber defence centre (CDC) in Dusseldorf, Germany. Wipro’s CDCs globally provide localised support and fulfil customers’ cybersecurity and compliance requirements. This addition takes the number of such Wipro centres globally to 17.

13.09 / 16:05

UPS Provident Enterprise show performer social India’s unemployment challenge can’t be tackled by doles as usual

unemployment rate when combined with the increase in population clearly shows that a far larger number of people are looking for work than in the past. What could be the cause of this seeming paradox? A conventional explanation has been that India’s demonetization of high-value currency notes in November 2016 followed by GST implementation in mid-2017 delivered a shock to the economy, particularly its informal sector. This shock is said to still persist, causing the high unemployment rate; improved GST collections are then attributed merely to improved performance of the organized formal sector.

13.09 / 15:51

UPS Provident Parke stage Department Bengaluru transport strike: Unions say transport department singing different tune now

There are sharp differences between what transport minister Ramalinga Reddy had agreed to in public at the site of the dharna, and in the proceedings recorded by the Transport department. Federation of private transport association president S Natraj Sharma said, “The implementation dates have not yet been announced, nor have they said when the special Advocate General will be appointed,” he said. He added that the proceedings did not mention when “unlicensed apps” like porter, uncle would be closed, which was one of the demands of the protestors. Among the federation’s other demands was that the aggregators be barred from directly enrolling e-rickshaws without permit, and to make permits a must for e-rickshaws.

13.09 / 15:51

UPS Provident Action NIFTY show Ahead of Market: 10 things that will decide D-Street action on Thursday

Here's how analysts read the market pulse: «The domestic indices resumed their upward trajectory despite weak global cues. The cooling of domestic CPI inflation to 6.83% in August and the rise in industrial production data reaffirmed the robustness of the Indian economy.

13.09 / 15:51

Provident Man Platform COP Discover Inside social week Danelo Cavalcante captured: Thermal heat aircraft, tactical dog & camera, here’ how the two-week long manhunt ended in Pennsylvania —Timeline

Pennsylvania State Police have confirmed that Danelo Cavalcante, the escaped inmate convicted of a heinous crime, has been captured after an intense two-week manhunt. Here, we provide a timeline of the events leading to his capture.

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