Provident Financial News

The world’s biggest banks aren’t telling stakeholders what they need to know to judge how big the industry’s carbon footprint is, according to a fresh study.

Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto sector scarred by a $2 trillion rout.

Vikas Gupta and Aswath Venkataraman from WestBridge Capital, Ecoworld, Bengaluru, have clinched the winner position in a corporate quiz organized on India’s glorious past, vibrant present and promising future. Commercial real estate developer and operators, Brookfield Properties conducted the quiz across Bengaluru, Chennai, Delhi, Gurugram, Kolkata, Mumbai and Noida for employees at its tenant companies across these cities.

Financial Stability Board (FSB) on Tuesday warned that higher interest rates alongside a slowing growth outlook, could impair the capacity of borrowers to service historically high levels of debt. The FSB has published two letters from its Chair, Klaas Knot, to G20 Leaders ahead of their Summit in New Delhi on September 9-10. The first letter outlines the work FSB has undertaken under the Leadership of India's G20 Presidency to address existing vulnerabilities in the financial system and enhance the resilience of the financial system to structural change. The second letter provides to G20 Leaders an update on the G20 Cross-border Payments Roadmap. FSB, in its communication to G20 leaders, stressed that a resilient and stable financial system is indispensable to sustaining economic growth, particularly in the current environment.

Stellar Lumens (XLM) has been undertaking a dramatic +12% comeback as anticipation builds surrounding an upcoming announcement from the Stellar Development Foundation (SDF).

The price of Shiba Inu (SHIB) has declined by 1.5% in the past 24 hours, with its drop to $0.00000758 coming on what is also a disappointing day for the market as a whole.

Reliance and Google, is facing delays in salary disbursements due to fundraising challenges, has opted to pay salaries in batches. “Due to certain procedural requirements, we have to do this batch-wise," Dunzo stated in an email to employees as reported by Moneycontol. The company had initially promised to disburse August salaries to its current employees starting on September 4.

Pepperfry co-founder Murty dies of cardiac arrest in Leh Founded by Ambareesh Murty and Ashish Shah in 2012, Pepperfry is India’s online marketplace for furniture and home goods. Over the past three months, Pepperfry co-founders have secured $23 million in funding from existing shareholders, including institutional investors and family offices, underscoring their confidence in the company’s vision and strategic plans for the future.

life insurance plan designed to offer enhanced flexibility to customers in tailoring their cash flows according to their individual financial needs. Unlike traditional savings products, this plan provides the customers with the power of choice to design their income flow, whether they desire a higher income for additional sources of income, a higher lump sum to create a legacy, or a balanced combination of both.

South Korean financial giant KEB Hana Bank has entered into a strategic business agreement with California-based crypto custody and security platform BitGo to offer digital asset custody (DAC) services to its clients starting next year.

BHP says the Albanese government’s “same job same pay” agenda will capture more workers than it expected when it estimated the annual impost at $1.3 billion, as the government rubbished the company’s estimates.

After several income taxpayers received notices for wrongly claiming income tax deductions under Section 80 P, the Income Tax Department (ITD) clarified that they were sent to them by mistake. The ITD added that «an email communication regarding this will be sent to you shortly».

Meta sees India as a «priority market» with «limitless» possibilities buoyed by macroeconomic growth, digital infrastructure and the popularity of its apps like Facebook, WhatsApp and Instagram, the social media giant's India head Sandhya Devanathan said. In an interview with PTI, Devanathan, who took over the leadership role in January this year, said India's new Digital Personal Data Protection legislation has provided a framework and clarity for tech companies and marks a «great step in balancing user protection with innovation». Meta, she emphasised, «welcomes constructive regulations», and will wait to see the detailed rules.

EV ride-hailing and charging provider BluSmart on Tuesday said it has crossed annual revenue run rate (ARR) of Rs 400 crore. Operating in Delhi-NCR and Bengaluru, BluSmart has achieved a milestone of 5,000 electric vehicles (EVs). It has also set up over 3,900 EV charging points across 32 charging hubs at key locations in two cities.

Hyderabad, India, organized by the Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers Welfare. This three-day workshop aims to facilitate discussions on climate change challenges and foster international cooperation to enhance countries' abilities to address these climate-related agricultural issues. The inaugural session of the workshop saw the participation of Shobha Karandlaje, Minister of State for Agriculture and Farmers Welfare. The first day of the event focused on "Climate Resilient Agriculture Research Needs and Innovations," where experts from various countries shared their experiences and insights regarding achieving agricultural resilience. They also highlighted the scientific and innovative solutions required to tackle emerging challenges and reduce uncertainties in agricultural food systems, read the Ministry of Agriculture and Farmers Welfare press release. The workshop has drawn participants from G20 member states, guest-invited countries, and international organizations, along with senior officials from the Ministry of Agriculture and other relevant ministries. Agriculture, being one of the most climate-sensitive sectors, is significantly impacted by climate change, which is already affecting G20 nations.

Battlegrounds Mobile India) quickly rose to prominence in India after the ban on PUBG Mobile. Despite facing its own ban, the Indian government decided to allow BGMI back into the country with certain modifications around 10 months ago. Similar to other popular battle royale titles like Garena Free Fire, BGMI developers regularly release redeem codes that grant players access to a wide range of enticing rewards and freebies.

Vision Pro's 3D capture technology, referred to as spatial photos and videos. If this integration takes place, it could provide users with an immersive experience by enabling the capture and display of 3D content on the Apple Vision Pro. As per a BGR report, Apple had initial plans to introduce spatial photos and videos to the iPhone 15 Pro models even before the launch of Vision Pro in 2024.

online delivery services on September 4 at a press conference, in view of the upcoming G-20 Summit as reported by PTI. On September 3, the Station House Officer of Daryaganj police station in the Central district initially issued an order for the shutdown of shops, offices, and bus depots, but this directive was later withdrawn, reported The Hindu.

Ashwini Vaishnaw said that Madhya Pradesh's Neemuch would soon get a Vande Bharat Express. Addressing the public at Neemuch on Monday, the Railway Minister said, «It is time for Vande Bharat to run on this route. Your Member of Parliament (MP) Sudhir Gupta has already requested for the same.

The world is rapidly evolving, and innovations across the business world have been moving at a blistering pace. Particularly in the last three years, when the pandemic fuelled a seismic shift in behaviour, driving a radical adoption of digital services.