Provident Financial News

Edtech company Byju’s and its term loan B lenders have decided to postpone an ongoing disagreement in the US courts until 6 October. This extension aims to provide more time to achieve an out-of-court resolution, according to a document seen by Mint. This conflict can be traced back to 5 June, when Byju’s lodged a case in the New York Supreme Court.

solar energy producer Sun Energy and global energy trading firm Vitol have submitted bids to acquire Macquarie-owned Vibrant Energy, which provides green power to commercial and industrial units, said sources aware of the development. ET first reported on February 23 that Macquarie had hired an investment bank to run a sale process for Vibrant Energy. «They have received non-binding offers from Sun Energy and Vitol recently and the bidders will soon begin due diligence on the assets,» said one of the sources cited above. The company is likely to fetch an equity value of around $200 million with an enterprise value (EV) of close to $500 million, the source added. Vibrant Energy, which primarily sells electricity to corporate and industrial (C&I) customers, operates a renewable energy portfolio of 132MW, with an active pipeline of 3GW.

Selena Gomez's Instagram profile has removed a post that tagged the superstar's Hulu series «Only Murders in the Building». This was done following accusations from several followers regarding potential violation of SAG-AFTRA strike regulations.

In such a scenario, how are serious economists to interpret the National Statistical Office's (NSO) April-June 2023 GDP estimates that were released yesterday? Well, with caution. On the face if it, Q1 growth of 7.8% looks strong, especially when compared to the rest of the world.

My monthly salary post-taxes is ₹1.95 lakh. I have SIP (systematic investment plans) of ₹15,000 in Axis Bluechip, ₹15,000 in Canara Robeco Small Cap, ₹15,000 in Parag Parekh Flexi Cap since two years and my investments are currently valued at ₹6.83 lakh. Besides, I have direct stock investments valued at ₹6.6 lakh. This also includes ₹47,000 in sovereign gold bonds.

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SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy. The P17A Project comprises the construction of seven ships, of which six have been launched between September 2019 and August 2023. The seventh frigate ship is scheduled to be launched on Friday by Vice President of India Jagdeep Dhankar, Steel Authority of India Ltd (SAIL) said in a statement. «SAIL has again contributed significantly to India's defence capabilities by providing the entire quantity of special steel plates of about 4,000 tonnes for the construction of the seventh frigate ship under the indigenous P17A Project for the Indian Navy,» it said. SAIL has supplied a total of 28,000 tonnes of steel for the construction of these vessels.

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IDFC First Bank, Power Finance Corporation (PFC), HDFC Asset Management Company (AMC), Ashok Leyland, Supreme Industries, Astral, REC, and Cummins India made their way into MSCI Global Standard Index on August 31. On the other hand, ACC was excluded from the index. According to Nuvama Alternative & Quantitative Research said in its report, ‘’A total of eight inclusions have been announced, aligning with our projections for six of them.

Oprah Winfrey and Dwayne Johnson have committed $10 million to make direct payments to people on Maui who are unable to return to their homes because of the wildfires

By Xie Yu, Clare Jim and Li Gu

Spanning diverse industries, from technology and finance to healthcare and consumer goods, these companies have impacted the corporate landscape through their visionary leadership and holistic approach to business. The stories of these companies demonstrate resilience and strides towards making contributions to India's economic progress.1. Marolix Technology Solutions Pvt LtdMarolix Technologies, a pioneering software solution and consulting company, is at the forefront of India's digital transformation landscape.

Birth Registration based Aadhaar Enrolment for children in the 0-5 years age group. The service was launched by T.

CME Group, a leading global derivatives marketplace, in collaboration with CF Benchmarks, a prominent provider of cryptocurrency benchmark indices, has announced the launch of two new APAC-specific reference rates for Bitcoin and Ether. These rates, named the CME CF Bitcoin Reference Rate APAC (BRRAP) and CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP), are set to be introduced on September 11. They will offer a daily reference rate for the U.S. dollar value of these two digital assets, with the publication time slated for 4 p.m. Hong Kong/Singapore time.

Celsius Network LLC, commonly referred to as «Celsius,» has received approval for its Disclosure Statement from the United States Bankruptcy Court for the Southern District of New York. Here are the primary details surrounding this development:

On August 15, Google unveiled a transformative series of updates to its iconic search engine. These changes, rooted in advanced generative AI technologies, are set to redefine the paradigms of online content discovery and comprehension.

OKX, a global beacon in the crypto exchange and Web3 technology realm trusted by over 50 million users, and CoinRoutes, renowned for its algorithmic trading strategies and standing as a pinnacle in institutional-grade crypto trade Execution Management System (EMS), have announced the deepening of their collaboration. This OKX CoinRoutes collaboration aims to provide a comprehensive suite of API-enabled trading services, specifically tailored for the growing demands of institutional users.

Binance Futures has announced its decision to delist the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts. Here are the primary details:

“Rural demand is on a recovery mode and government’s sustained capital expenditure push is crowding in private investments,” said chief economic advisor, V Anantha Nageswaran, on Friday post the data release. While experts point out that growth is likely to slowdown in the coming quarters as the base effect wanes, they indicated that a consumption boost closer to the end of third quarter may provide some succour to full year growth. “We are going to now be entering to run-up to elections, which leads to a sharp increase in consumption expenditure.

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today introduced green transportation for employees in its Noida campus. The green transportation initiative aims to strengthen Tech Mahindra’s zero carbon footprint ambition and improve fuel economy while reducing harmful emissions.