Provident Financial News

12.09 / 22:03

COST Provident Action Airlines Enterprise country cover Qantas v sacked workers: What does it all mean?

The High Court of Australia will on Wednesday morning decide whether Qantas illegally sacked nearly 1700 ground staff during the pandemic. Employers across the country will be watching the ruling closely.

12.09 / 22:03

COST Provident FIVE Progressive Extreme Fallout Insurance claim timeline needs fixing, insurers told

Insurance customers want more frequent and clearer outlines about how their damage claims are progressing and timelines for conducting repairs, the industry’s association has admitted.

12.09 / 21:45

Blockchain Ethereum ETH Provident Hack Action CoinEx Exploit CoinEx Crypto Exchange Hit by $28 Million Exploit, Four Hot Wallets Drained

On September 12, CoinEx, a cryptocurrency exchange, experienced a suspected attack following a substantial outflow from four of its hot wallets, which was promptly detected and reported by the blockchain security firm Cyvers.

12.09 / 20:25

Provident BTC Pool Bitcoin 500 Crypto Blunder: User Accidentally Pays $500,000 in Fees for a $200 Bitcoin Transfer

A Bitcoin (BTC) user paid around $500,000 in transaction fees to send just $200 of BTC last weekend, setting a new record in Bitcoin transaction fees.

12.09 / 20:19

UPS Provident Apple Intuit performer voice iPhone 15 apple event Apple Event 2023: iPhone 15 series, Apple Watch Ultra 2 and everything announced

Apple Watch is equipped with the most advanced S9 chipset, providing impressive power. Apple has introduced a new Siri+health feature that allows users to engage with the voice assistant for reminders. Users can easily inquire, "Siri, what's my heart rate?" and receive instant data.

12.09 / 19:59

UPS Provident Digital Platform Wealthtender announces acquisition of AGC

Wealthtender, an independent find-an-advisor website and SEC-compliant online review platform, has announced its acquisition of AGC, an online community for financial advisors. The acquisition will be completed around Oct. 1 and will provide over 450 financial advisors with digital marketing tools and access to a community of peers.

12.09 / 19:51

UPS Provident Premium IndiaFirst Life launches single premium plan

IndiaFirst Life Insurance Company has launched a single premium product with a life of 15 to 30 years that aims to provide a cumulative return ranging from 6.3% to 6.7% over many interest rate cycles. Despite the plan being available from 5-30 years period, the company is focused on selling plans with tenures of 15 years and above to avoid competition with bank fixed deposits as large part of its sales comes from banks including Union Bank of India. The IndiaFirst Life Guaranteed Single Premium Plan — a nonlinked, non-participating, individual, single premium savings plan offers policy-holders guaranteed returns over up to 30 years.

12.09 / 19:51

Provident FIVE BLOCK Aware show IL&FS to sell custody & depository unit

ISSL), on the block almost five years after IndusInd Bank pulled out of a deal to acquire the entity following the collapse of the infrastructure financier in September 2018. Unlike last time, however, bidders can either bid for the custody business or the depository (brokerage) business separately or both together, a document seeking expressions of interest (EOI) showed. ISSL is a rare non-bank custodian that holds financial securities like stocks, bonds or gold for safekeeping. It also has a separate depository licence that allows it to offer brokerage services. «ISSL is neither a big depository nor a custodian; so there is not much business to be gained.

12.09 / 19:35

UPS Provident MET Merck Bayer show advisers Popular nasal decongestant doesn't actually relieve congestion, FDA advisers say

Government advisers say the leading decongestant used by millions of Americans to treat nasal congestion doesn't actually work

12.09 / 19:35

Citi Provident Lowe's BLOCK Cooper Waters Continental Dry states taking Mississippi River water isn't a new idea. But some mayors want to kill it

Diverting Mississippi River water to states struggling with water scarcity isn't a new idea

12.09 / 19:35

Provident Aware CEO NYSE Fighting Entertainment TKO Group, which houses WWE and UFC, begins trading on the New York Stock Exchange

Shares of TKO Group, the new company that houses WWE and UFC, opened at $102 per share in their first day of trading on the New York Stock Exchange on Tuesday

12.09 / 19:15

UPS Provident Aware Samsung electronic Samsung weighs setting up 5G gear production hub in India

NEW DELHI : Samsung Electronics Co. Ltd is evaluating making India a hub for making 5G equipment as it weighs alternatives to China for expanding production, three people aware of the development said. The South Korean conglomerate is considering India alongside Vietnam for its plans.

12.09 / 19:15

UPS Provident Target Manufacturing performer country Hindalco brings in Italian tech to build rail coaches

Hindalco Industries Ltd said on Tuesday it has signed a technology partnership with Italy-based Metra SpA, to bring the latest aluminium extrusion technology to India for building rail coaches. The company will set up an extrusion press in the country as part of the ₹2,000 crore investment that Kumar Mangalam Birla, chairman of the company, had announced during the company’s 64th annual general meeting (AGM) last month.

12.09 / 19:15

UPS Provident Target BLOCK Fighting McDonald’s Deal Fast-Food Worker Pay Set to Rise in California Under Union Deal

Fast-food workers in California are poised to get a $20 minimum wage next year under a deal announced Monday between labor unions and the restaurant industry, potentially killing a multimillion-dollar referendum that was slated to go on the state’s November 2024 ballot. Under the deal, state fast-food workers at chains with at least 60 national locations must be paid an hourly wage of $20 as of April 2024. California’s minimum wage is currently set at $15.50, and is poised to rise to $16 an hour in January.

12.09 / 19:15

Provident Microsoft Platform Software Enterprise stage Building narrow AI models for specific uses: HCLTech

HCL Technologies is seeing a steady rise in enterprise demand for generative AI (artificial intelligence), as well as cloud deployment and expansion of 5G. In an interview, Kalyan Kumar, global chief technology officer and head of ecosystems at the software services provider, underlined how businesses are finding early use cases for generative AI, what the metaverse hype cycle has transformed into, and why consumer technology markets are ahead of the enterprise tech adoption curve. Edited excerpts: The evolution of cloud deployment models continues to happen.

12.09 / 19:15

Provident Booking RBI rejigs banks’ investment categories

RBI discussion paper issued in January 2022. According to a statement on Tuesday, RBI has removed the 90-day ceiling on holding period of securities under the Held For Trading (HFT) category. According to bankers, this move will result in banks classifying illiquid bonds and state development loans under HFT but this was not the case previously as they were not sure if they could sell these securities within 90 days of acquiring.

12.09 / 19:15

Provident Strategy Biogen Intas eyes Biogen’s biosimilars for $1 bn

MUMBAI : Intas Pharmaceuticals Ltd is preparing a bid for Biogen Inc.’s biosimilar business in a transaction that could be valued at as much as $1 billion, two people familiar with the talks said. Ahmedabad-based Intas is being advised by Goldman Sachs Group Inc., one of the people said, adding that the company has submitted a non-binding bid and is seeking to put a binding one later this month. “This is still at an early stage," the second person said on condition of anonymity.

12.09 / 19:15

Provident Platform Mobile Apple show star audience Indian play Apple TV+ debuts on Indian OTT aggregator Tata Play Binge

NEW DELHI : Direct-to-home (DTH) service provider Tata Play Ltd (earlier Tata Sky) on Tuesday added Apple TV+ on its over-the-top (OTT) aggregation service Tata Play Binge. This marks the American streaming video platform’s debut on any Indian aggregator, and its only second such tie-up worldwide.

12.09 / 17:59

COST UPS Provident FIVE Gap Cabinet to consider ₹6000 cr of incentives to gasify coal

NEW DELHI : The union cabinet will soon consider the ₹6,000-crore incentive scheme for coal gasification projects. The cabinet note has been finalized and moved for approval, said two people in the know of the development. The government will provide incentives for gasification under three components—those that are led by public sector units, those sponsored by private sector companies and pilot projects.

12.09 / 17:47

Provident Lowe's DXY EUR US CPI week EUR/USD Faces Key Test With US CPI and ECB Meeting This Week

The economic calendar is full of key data from the US this week, which should make for a volatile week for all the major pairs. But the fact we also have an interest rate decision from the ECB to look forward to means the EUR/USD will be among the more active pairs, making it the currency pair of the week to watch.

12.09 / 17:47

COST UPS Provident Aware Racing Factbox-Why have US Republicans opened an impeachment inquiry into Joe Biden?

(Reuters) — U.S. House of Representatives Republicans will open an impeachment inquiry into Democratic President Joe Biden after months of investigations of his son Hunter Biden's foreign business dealings, Speaker Kevin McCarthy said on Tuesday.

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