Provident Financial News
12.09 / 02:17
Citi
Provident
Intel
country
Inside
Afghanistan headed to a civil war with Taliban splitting into various factions, says former Afghan commander
Afghanistan is headed towards a civil war, the Taliban is now riddled with factionalism, and the country is fast becoming a safe haven for foreign terrorists, a former Afghan commander has said. «I believe that the situation in Afghanistan is very critical and dangerous and it's going in a dangerous direction, which could be a civil war again, or which could be a split to Afghanistan because you see that in last two years Afghanistan has been controlled by the terrorists and it has fallen into terrorist hands,» Lt.
12.09 / 02:07
COST
Provident
Platform
Assurant
Mobile
SpaceX
elon
Elon Musk's Starlink denial for Ukraine's Crimea operation sparks Pentagon inquiry
Elon Musk's decision to deny Ukraine access to Starlink internet services for a potential attack on Russian forces in Crimea last September has prompted discussions about the need for clearer language in future contracts with the US military, specifying how procured services or products may be employed in wartime scenarios. As per a report by AP, excerpts from a recent biography of Elon Musk, as reported by The Washington Post last week, disclosed that in September 2022, Ukrainian authorities had requested Starlink support for a potential offensive against Russian naval vessels stationed at Sevastopol, located in Crimea.
12.09 / 02:07
Provident
Target
AXY
Landmark
NIFTY
SENSEX
Day trading guide for today: Six stocks to buy or sell on Tuesday — September 12
Day trading guide for today: Following strong global market sentiments, Indian stock market ended higher for seventh straight session on Monday. NSE Nifty advanced for the seventh straight day to log the best stretch of gains in 11 weeks and touched the all time high of 20,008 levels.
12.09 / 01:57
12.09 / 01:57
Provident
PwC
Accenture
Deloitte
ANZ
track
Accenture opens the door on big four’s secret client ‘mapping’
When asked by a federal government inquiry if Accenture kept track of its relationships with public sector clients, Peter Burns said not only did the firm do so, but that it was a “common” business practice.
12.09 / 01:41
Provident
Reuters
show
country
Oil prices stable as market awaits data on inventories, economy
By Stephanie Kelly
12.09 / 01:21
Provident
FIVE
Platform
pension
Centre
Australian
Australian pension fund to invest $1.6 billion in data centre firm
SYDNEY (Reuters) — Australia's largest pension fund, AustralianSuper, said on Tuesday it would buy a minority stake in a major European data centre business for A$2.5 billion ($1.6 billion), its first significant investment into data centre platforms.
12.09 / 01:05
UPS
Provident
country
States don’t have powers to constitute fact-check bodies: legal experts
The Information Technology Act, 2000 is the primary legislation governing online content in the country and it does not provide any powers to state governments for constituting fact-checking bodies like the one Karnataka has proposed to create, policy lawyers and experts told ET.This means the Karnataka government’s decision to set up a fact-checking unit in the state for curbing fake news online may not be legally enforceable.If individual
12.09 / 01:05
Provident
Software
Parke
resolution
Rashmi Metaliks submits resolution plan for Rolta
Rashmi Metaliks, an iron and steel maker, has submitted a resolution plan for the bankrupt military-focused software exporter Rolta India. It has agreed to pay less than Rolta's liquidation value, and lenders will likely ask the company to revise its offer. Secured creditors have an exposure of ₹7,086 crore to Rolta. The lenders are scheduled to meet on Wednesday to evaluate the Rashmi offer.
12.09 / 01:05
Provident
NIFTY
Nifty 50 crosses 15% return on equity milestone after a decade
equity (RoEs) for the Nifty 50 index has recently surged above the 15% threshold, marking a milestone after a decade.
11.09 / 23:35
11.09 / 22:35
11.09 / 22:05
11.09 / 22:05
COST
Provident
Manufacturing
BMW
country
BMW to build new electric Mini in England after UK government approves multimillion-pound investment
BMW has announced plans to transform its Mini factory in Oxford, England, to produce nothing but electric vehicles
11.09 / 22:05
11.09 / 22:05
Provident
MET
Cooper
country
Deal
France, Bangladesh sign deal to provide loans, satellite technology during Macron's visit to Dhaka
French President Emmanuel Macron witnessed the signature of a deal to facilitate loans to Bangladesh aimed at infrastructure development, as well as a letter of intent to provide the South Asian country with an earth observation satellite system
11.09 / 22:05
Provident
FIVE
Corning
Explosion and fire injures 8 workers at Illinois soybean processing plant
An explosion and fire at an soybean processing facility in Illinois has injured eight employees and sent a tower of smoke into the air
11.09 / 21:51
UPS
Provident
Target
Platform
Enterprise
country
analyst
Financial
Barclays analyst latest to give LPL Financial shares room to run
With a nod toward LPL Financial Holdings Inc.’s recent successes in both recruiting financial advisors as well as signing up large outside firms like banks to use its platform, Barclays Equity Research slapped a brand-new “overweight” rating on shares of LPL Financial (LPLA).
11.09 / 21:51
11.09 / 19:59
Provident
FIVE
Aware
Action
stage
track
Lenders, intelligence agencies in talks for alerts on deals by defaulters
The proposed mechanism will ensure that such suspected transactions are flagged immediately, giving intelligence agencies enough time to take swift action, said people aware of the development. «This is being actively pursued,» an official said on condition of anonymity, adding that counterparty transactions help investigating agencies track frauds, siphoning off of funds and other such illegal activities in accounts under the radar. Under the existing framework in relation to large-value frauds, the finance ministry has asked state-run lenders to seek a report from the Central Economic Intelligence Bureau (CEIB) on any prospective borrower at the pre-sanction stage, renewal of an existing loan or non-performing asset (NPA) account for an amount of ₹50 crore and above. Intelligence agencies now have a uniform format for the acquisition of information after the Reserve Bank of India-backed standard operating procedure proposed by banks for the submission of information or documents to the CEIB. Agencies are also eying digitisation of the whole information network so that banks also have real-time information. The latest move is expected to further bolster this framework. The official said banks had also suggested there should be a threshold limit of ₹1 crore for providing details of counterparty transactions in such cases. According to a banker, since multiple channels were used for various transactions, it was not possible for lenders to provide all counterparty details. «Information for a longer period is not available in some cases, so if the agencies seek details on suspected transactions above a threshold value, that will help lenders provide details quickly,» said the banker, who did not wish to be identified. As
11.09 / 19:59
UPS
Provident
Aware
country
India speeds up work on local marine gas turbine production
marine gas turbines (MGT) that power warships and submarines of the Indian Navy. There is a sense of urgency to create a domestic ecosystem for such equipment given the war in Ukraine that has impacted Zorya-Mashproekt, the primary supplier of the MGTs to the Indian Navy. According to officials aware of the development, public sector undertaking Bharat Heavy Electricals Limited (BHEL) and Bharat Forge from the private sector are said to be among the companies that have been individually consulted for developing and supplying the MGT suited to the Indian Navy's needs. «Some inputs have also been provided by the Indian Navy to BHEL to aid the development of equipment and spares,» one of the officials quoted above told ET. The Ukraine-Russia conflict has impacted supply of spares and parts for MGTs. The move to develop indigenous options is also in line with the Make in India initiative to cut down imports of defence-related equipment.
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