Provident Financial News
31.08 / 14:57
UPS
IPO
Provident
Manufacturing
Saroja Pharma Industries IPO: GMP, subscription status on day 1, other key details
₹84 per equity share and the share will be listed on the NSE SME exchange Wednesday, September 13. Saroja Pharma IPO, which is worth ₹9.11 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to fund the following goals, such as setting up of manufacturing unit, to repay debt, to meet public issue expenses.
31.08 / 14:31
31.08 / 14:15
UPS
Provident
Lowe's
show
fall
Low
India's Russian oil imports fall to 7-month low, Saudi jumps - trade flows
India's imports of Russian oil fell in August to a seven-month low as refiners curbed purchases due to planned maintenance outages at some plants and lower discounts for Russian grades. However, oil imports from Saudi Arabia surged to a multi-month high, according to preliminary data from Kpler and Refinitiv trade flows. Refiners in India have been snapping up discounted Russian oil after some Western buyers shunned purchases over Russia's full-scale invasion of Ukraine in February last year. But India's monthly imports of Russian oil have been declining since June as discounts began to shrink, the data from the two agencies show. «Imports of Russian oil are likely to remain at subdued levels for a couple of months due to lower discounts, and that would force suppliers of Russian oil to provide deeper discounts,» said Refinitiv analyst Ehsan Ul Haq. Discounts on Russian oil for October loading are below $5 a barrel to benchmark dated Brent, a refinery source said, adding his company had not yet placed an order for October Russian oil. Buying Russian oil in spot markets gives Indian refiners greater flexibility than Middle Eastern purchases that are mostly under annual contracts. A government source last month said Indian refiners could cut imports of Russian oil as narrowing discounts were raising the price of Russian grades to above the $60 per barrel ceiling set by Western nations. India's Russian oil imports in August declined by a fifth from July to about 1.5 million barrels per day (bpd) while those from Saudi Arabia leapt by about 63%, according to Refinitiv data. According to Kpler estimates, India imported 1.35 million bpd of Russian oil in August, down from about 1.9 million bpd in July.
31.08 / 13:59
COST
UPS
Provident
Platform
PayDay
cover
electronic
safe
How Do Cash Advance Apps Work, And Is It Safe to Use Them?
get a quick cash advance loan online through their smartphones in a few taps. Although the idea is quite tempting and promising, it also raises some questions. What is involved in cash advance apps? Are these loan apps safe? And how do they work? We're here to give you the answers to these questions. Are There Really Apps You Can Borrow Money from? Sure, there are plenty of apps that let you borrow money via your cell phone.
31.08 / 13:59
UPS
Provident
Platform
Align
Interface
exclusive
Bitget Referral Code: gwak (Claim Exclusive Bonus)
gwak is Bitget app referral code. By applying referral code you will get the best signup bonus and unlimited discount on trading. You can earn up to 40% on sharing your referral code with your friends.
31.08 / 13:45
Provident
Reuters
Platform
Enterprise
show
Inside
Indian
Adani family partners used offshore funds to invest in Indian group's stocks -report
By Krishn Kaushik, Aditya Kalra and Scott Murdoch
31.08 / 13:29
Provident
Digital
Telecom companies facing 'intentional' fibre cuts by local cable operators in Kolkata: COAI
critical network downtime in the metropolis, as service providers are suffering from widespread «intentional» fibre cuts by local cable operators (LCOs) across several localities, the Cellular Operators Association of India claimed on Thursday. Such «unwarranted coercive actions» from unauthorised entities to «skew» fair competition and limit the customers' choice of service providers, is «completely unfair and unjustified», it said in a statement. The telecom service providers (TSPs) are not even being allowed to acquire fresh connections by the LCOs, the COAI claimed. «The telecom industry is facing a critical network downtime situation in Kolkata, as the TSPs are suffering from widespread intentional fibre cuts/damage by Local Cable Operators (LCOs) across several localities within the Kolkata Municipal Corporation and surrounding non-KMC areas, which is resulting in the customers suffering due to lack of essential digital connectivity,» it said. «The field team(s) of our member TSPs are also being prevented from restoration work, by being threatened/manhandled and hostilely obstructed by the LCOs, leading to exorbitant delays, which is affecting their commitment to restore connectivity within the minimum turn-around time,» COAI Director General Lt Gen S P Kochhar was quoted as saying in the statement.
31.08 / 13:29
Provident
Digital
CEO
Software
Enterprise
country
fun
India among biggest edtech centres: Anthology Global CEO Bruce Dahlgren
India is one of the biggest edtech centres in the world and is among the key markets of US-based Anthology, its recently-appointed CEO Bruce Dahlgren said. Anthology, a global edtech company, is operational in 80 countries and has 150 million consumers. It is present in India since 2000 and has three offices — two in Bengaluru and one in Chennai. «I made it a point to ensure that I come to India in my first few weeks itself because of the importance of technology and the people here,» Dahlgren, who is visiting the country for the first time after taking charge of the Florida-based company a few weeks earlier, told PTI. Without sharing details about its India presence, the company said they are among the global leaders in the edtech sector. Dahlgren said more than 25 per cent of its employees are Indian. «Much of the innovation and concepts around the future come from India.
31.08 / 13:27
Blockchain
Provident
Digital
Platform
track
social
Freedom unleashed: Americans deserve the right to own their data
Although America is penned “the land of the free,” our freedom comes with exceptions. While some of these restrictions are in the name of civilian safety, what’s happening online isn’t for the greater good — it’s just for lining Big Tech’s pockets and consolidating digital power to the few.
31.08 / 13:17
COST
Provident
Digital
Amazon
Enterprise
country
boost
Amazon unveils initiatives to boost India's digital economy and exports: Report
digital economy and exports, including a cross-border logistics partnership with India Post. According to a report by ET Government, the plan extends e-commerce export opportunities to numerous small enterprises, while also collaborating with Indian Railways for faster delivery. Reportedly, Amazon aims to introduce AI-based seller assistance and open logistics capabilities for D2C brands.
31.08 / 12:55
Provident
show
Govt to unveil interest subvention scheme for urban housing in Sep
₹2.67 lakh through interest subsidy of 3-6.5%. According to the update provided by the ministry on Thursday, out of the 1.12 crore houses sanctioned under PMAY(U), 76.25 lakh houses have been completed.
31.08 / 12:55
Provident
Manufacturing
Apple
DELL
country
star
IT hardware PLI: Ten of 40 firms started manufacturing in July
₹5,010 crore from the 40 applicants, including global IT hardware companies such as Dell and HP that are participating directly under the revised production-linked incentive scheme. Other major players such as HPE, Lenovo, Acer, ASUS, Thomson were participating through electronics manufacturing services providers or contract manufacturers including Flextronics and Rising Stars, a unit of Foxconn Technology Group in India. Officials added that Indian companies such as Padget, a subsidiary of Dixon Technologies, VVDN, Netweb, Syrma, Optiemus Technologies, Sahasra, Neolync, Panache, Sojo, a unit of Lava mobiles, and Kaynes have also participated in the scheme which will get impetus from the strong IT services industry which was driving the demand within the country.
31.08 / 12:55
COST
Provident
Waters
Manufacturing
Southern
country
Indian
PUMP
K.V. Karthik from Deccan Industries becomes Indian Pump Assoc. President
Chennai, 25 August 2023: Mr K.V. Karthik, Managing Director, Deccan Industries, one of India’s leading pump manufacturing companies, headquartered in Coimbatore, has been elected as the president of Indian Pump Manufacturers Association (IPMA), the country’s premier body representing the US$ 2 billion pump manufacturing sector, for 2023-24. Mr.
31.08 / 12:43
31.08 / 12:29
Provident
Target
Reuters
Platform
Ft
compliance
Fed warned Goldman's fintech unit on risk, compliance oversight -FT
(Reuters) -A division of Goldman Sachs' transaction banking business (TxB) has stopped signing on riskier financial technology clients after a warning from the U.S. Federal Reserve over risk and compliance earlier this year, the Financial Times reported on Thursday.
31.08 / 12:29
31.08 / 12:17
Provident
Cooper
Microsoft
Action
Software
Enterprise
Microsoft to stop packaging Teams and Office software in Europe to head off EU antitrust action
Microsoft will stop packaging its Teams videoconferencing app with its Office software in Europe in an effort to head off antitrust penalties by regulators
31.08 / 12:17
Provident
Mobile
Highways
National
Kargil-Zanskar intermediate lane on national highway 301 being upgraded: Gadkari
National Highway 301 is being upgraded. Strengthening of the intermediate lane on NH-301 in Ladakh aims to ensure smooth passage to the bordering areas and help increase economic activities.
31.08 / 12:17
Provident
Align
BMW
Apache
cover
TVS teases Apache RTR 310 teased again; new details unveiled
₹3,100. The teaser images of the TVS Apache RTR 310 reveal its distinct and edgy design, in alignment with the design language of the RTR series. As the flagship naked streetfighter in the lineup, the RTR 310 boasts a sharp appearance.
31.08 / 12:17
UPS
Provident
Booking
UBS
show
Deal
UBS Posts Record $29 Billion Profit on Credit Suisse Deal
Credit Suisse into its books. But the gargantuan gain comes with an equally large challenge to meld the banking giants. On Thursday, UBS provided a clearer picture of its future form, saying it would keep Credit Suisse’s large domestic arm in Switzerland rather than spin it off.
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