Provident Financial News

The company, the world’s fourth biggest by market value, is also close to setting up two centers of excellence around artificial intelligence and cyber security with the government, Google’s global chief of cloud, Thomas Kurian, told ET in an interview.

Drug major Cipla on Monday said its unit has inked a pact to acquire South Africa-based Actor Pharma. Cipla South Africa, a wholly-owned subsidiary of the Mumbai-based drug major, has inked a binding term sheet with Actor Holdings (Pty) Ltd to acquire 100 per cent of the issued ordinary shares of Actor Pharma, the drug major said in a regulatory filing. This development underpins Cipla's commitment and investment in its over-the-counter (OTC) business and supports its journey to be a leading healthcare player in South Africa, he added.

The Spot Bitcoin ETF delay leads one prominent New York corporate regulatory lawyer, and a Special Professor of Law at Hofstra Law School, to say, “Gary Gensler reminds me a little bit of Putin” in his attitude to crypto.

Last week brought high volatility but little change for bitcoin's price, which registered a high of $28,167 and a low of $25,328 but closing the week down a modest 0.48%.

Advancement in technology has raised the ability of credit data companies to access information about bank customers enhancing the dependability of the data, but it leaves out vital portions of an individual's financial life that would make a difference to his cost of borrowing. Information bureaus that compile credit scores depend on data from banks that show how as a borrower one had behaved — whether one paid dues on time or missed payments leading to delays, or whether the borrower has defaulted. The score fails to consider the personal wealth, financial investments or even the savings lying in banks that determine a person's ability to meet obligations.

(Reuters) — Australia's Westpac Banking (NYSE:WBK) Corp on Tuesday said it was aware of legal proceedings launched by the country's corporate regulator alleging the lender's failure to assist its customers with financial hardship notices between 2015 and 2022.

Netflix enthusiasts, get ready to delve back into the enigmatic world of "Savage Beauty" as the streaming giant officially announced the renewal of this captivating series for a highly anticipated second season. Fans of the show will be delighted to know that production is already in full swing, promising an enthralling return to the screen sometime in 2024. The brainchild of creator Lebogang Mogashoa and the creative prowess of Quizzical Pictures, «Savage Beauty» released in May 2022, enthralling audiences with its gripping narrative and intriguing characters. The show's plot revolves around a mysterious woman, who infiltrates a formidable family that controls a global beauty empire while harboring a plethora of well-guarded dark secrets. The cast, featuring Rosemary Zimu, Dumisani Mbebe, Nthati Moshesh, Angela Sithole and Jesse Suntele, will once again grace the screen, promising a mesmerizing performance that will leave viewers at the edge of their seats. Netflix unveiled this exciting news as part of a broader revelation at MIP Africa, providing a sneak peek into its South African content line-up. In addition to the «Savage Beauty» announcement, Netflix thrilled fans by confirming the return of «Young, Famous & African» for a thrilling third season. The sneak peeks offered glimpses into two other eagerly awaited projects, «Miseducation» and «Blood & Water,» adding to the mounting excitement surrounding Netflix's African content offerings.

Adani Logistics, Sajjan Jindal-owned JSW Jaigarh Port, TVS Group, and Welspun Group have shown interest in bidding for Renaissance Indus Infra, a warehouse and industrial park developer undergoing insolvency process, said people aware of the development. Two special-purpose vehicles floated by promoter Mayur Suchak's Renaissance Group are undergoing insolvency. These are Renaissance Indus Infra which is involved in warehousing and industrial development in or around Bhiwandi, Mumbai and Renaissance Urban Infra which is engaged in the business of infrastructure developments and creation of industrial smart cities. IIFL Facilities Services; Authum Investment and Infrastructure, which recently acquired assets of Reliance Home Finance and Reliance Commercial Finance; and JC Flowers Asset Reconstruction Company, which acquired Yes Bank's ₹48,000 crore distressed assets portfolio, also submitted expressions of interest (EoI), said one of the persons cited above. Clearwater Capital Partners Singapore Fund and Catalyst Trusteeship are the only two creditors for the Renaissance Group's SPVs admitted for corporate insolvency. Ares SSG Capital is the sole bondholder for which Catalyst is the debenture trustee. The lenders are working on group resolution although both cases were admitted separately by the National Company Law Tribunal.

Sudan by the end of this year amid soaring needs. The United Nations refugee agency (UNHCR) said it and partners were appealing for $1 billion «to provide essential aid and protection to over 1.8 million people expected to arrive in five neighbouring countries by the end of 2023, fleeing ongoing conflict in Sudan». «This is a two-fold increase of what was initially estimated in May to be required to respond to the crisis, as displacement and needs continue to soar,» UNHCR said in a statement.

climate change, it coincided with the spread of uncommon diseases as well. Health experts in the US have warned of the health consequences of not addressing climate change. Malaria, a disease of tropical regions and other warmer areas was detected in Texas and Florida. These are also the states that have registered record temperatures, as per reports.

Dish TV India Ltd promoter entity World Crest Advisors, seeking to prevent Yes Bank Ltd and JC Flowers Asset Reconstruction Pvt. Ltd from transferring or encumbering Dish TV shares. “In light of prima facie finding, that JC Flowers, presently registered as beneficial owner, is having all the rights, benefits and liabilities attached to the securities held by depository and including voting rights, as well as the prima facie finding that no case of fraud has been established by the plaintiff, the interim relief sought for in the present application cannot be granted," said a bench led by Justice R.I.

NEW DELHI : Spain’s ambassador to India, Jose Maria Ridao Dominguez, expressed his country’s desire to become a permanent member of G20. Spain, the world’s 15th largest economy, is currently a permanent invitee to the grouping. In an interview, Dominguez also called on India to take a more assertive stance on global issues like the Ukraine war and commented on China’s new standard map that makes extensive territorial claims.

(Reuters) — Huawei Technologies and China's top chipmaker SMIC have built an advanced 7-nanometer processor to power its latest smartphone, according to a teardown report by analysis firm TechInsights.

In introductory remarks to the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, ECB executive Fabio Panetta, emphasises that in the absence of a digital euro, the emergence of potentially dominant private actors in the digital payments market could have a strong impact on the financial sector. While Facebook's bid to launch its own currency was dashed by regulatory hurdles, Panetta points to PayPal's recent launch of its own private stablecoin as a new emergent threat: "Private providers of payment services, including PayPal, have no incentive to limit the take-up of their stablecoins or the range of services they provide. Quite the opposite: their objective is to expand their customer base and gain market share. "They may have no incentive to make their payment solutions compatible with those used today.

On August 21, 2023, the Securities and Exchange Commission (SEC)  announced   that it has levied charges against «Titan Global Capital Management USA LLC», a New York-based FinTech investment adviser. The charges stem from Titan's use of «hypothetical performance metrics» in advertisements that the SEC deemed misleading.

demonetization, contracted by 7% as a result of a poorly executed pandemic lockdown, making it one of the world’s worst-performing economies. As a result, from 2020 to 2023, India’s average annual growth turned out to be less than 4%, which is not bad for a phase of global economic turmoil, but far less impressive than recent figures suggests, let alone slogans and headlines. Furthermore, the benefits of this growth are going almost entirely to the rich.

In the auction, according to Dubai’s Roads and Transport Authority, Plate (AA 70) was the most expensive at AED3.82 million, followed by Plate (X 7777) for AED3.80 million, Plate (Z 43) for AED2.85 million. The number plate (Y 96) and Plate (S 888) were sold for AED2.66 million and sold for AED2.3 million respectively. Dubai’s Roads and Transport Authority put up 90 fancy plates at this auction comprising of two, three, four and five-digits bearing (AA-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z) codes. «By offering distinctive licensing plates at open or online auctions, RTA (Roads and Transport Authority) seeks to provide a neutral and transparent platform that bidders can avail of.

Gillian Keegan, the UK's Education Secretary, found herself in the spotlight after being inadvertently recorded expressing frustration over the handling of the school building crisis. Following an interview with ITV, Keegan was caught on a live microphone questioning the lack of acknowledgment for her department's efforts in addressing the ongoing school concrete crisis. In an unguarded moment, she candidly remarked, «Does anyone ever say you've done a good job because everyone else has sat on their a** and done nothing?» She followed this with a rueful, «Any sign of that, no?» A source from Downing Street promptly condemned Keegan's comments, describing them as «completely wrong», as reported by BBC.

₹200 to ₹211 per equity share of face value of ₹10 each. EMS IPO lot size is 70 equity shares and in multiples of 70 equity shares thereafter. EMS IPO floor price is 20 times the face value and the cap price is 21.10 times the face value.

DGFT on Monday said it has suggested banking and financial institutions to extend pre- and post-shipment export credit in foreign currency to e-commerce exporters based on the guidelines of the RBI.

Some central Florida lawmakers say they are considering “all legislative, legal and executive options available” to stop business owners in a small town from voluntarily displaying rainbow decals in their windows