Provident Financial News

yields were off their lows to end little changed on Thursday as the impact from a fall in U.S. yields was offset by caution before the release of the Reserve Bank of India's policy minutes as well as debt supply. The benchmark 7.26% 2033 bond yield ended at 7.1963% after ending the previous session at 7.1927%.

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Ethereum is the second-largest cryptocurrency by market capitalization. Ethereum is the most popular platform for smart contracts and decentralized applications (dApps). Ethereum successfully completed its merge upgrade.

National Highways Authority of India (NHAI) convened a high-level meeting to deliberate on different aspects to explore possibilities and remove operational constraints for wider adoption of surety bonds in place of bank guarantees. "The brainstorming session with stakeholders deliberated on different aspects to explore possibilities and remove operational constraints for wider adoption of surety bonds in place of bank guarantees (BGs)," the ministry of road transport & highways said. NHAI has urged insurance companies and contractors to consider insurance surety bonds as an additional means of submitting bid security and performance security deposit.

OnSolve®, a leading critical event management provider that enables organizations to mitigate physical threats and remain agile when a crisis strikes, today announced the opening of a new technology office in Bengaluru, India. The news marks an important milestone in the company’s growth and innovation strategy, reinforcing its commitment to advancing OnSolve’s AI-powered platform.

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The 69th National Film Awards was announced on Thursday during a press conference by the Jury at the National Media Center New Delhi. The Jury members for National Film Awards handed over the list of awardees for feature, non-feature and best script category to Union I&B Minister Anurag Thakur.

Investing.com — Nvidia delivers quarterly earnings that smash expectations as the chipmaker and AI darling proclaims that computing has entered a «new era.» The results push Nvidia shares higher in premarket trading. Meanwhile, a yearly gathering of central bankers in Jackson Hole, Wyoming is set to begin, with investors focused on comments from Federal Reserve Chair Jerome Powell on Friday.

By Casey Hall

Helios Mutual Fund has filed a draft for an overnight fund. Helios Overnight Fund will be an open-ended debt scheme investing in overnight securities. The scheme will be benchmarked against the CRISIL Liquid Overnight Index. Alok Bahl will manage the scheme. According to the scheme information document, the investment objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in debt and money market securities having maturity of 1 business day including TREPS (Tri-Party Repo) and Reverse Repo.

Indian startups have quit their posts this year to date, amid the deepening funding winter and regulatory concerns, a significantly higher number than previous years, the media reported. Data compiled by Fintrackr showed that in the first eight months this year, nearly 20 startup CEOs have left their position to either join a new firm or continue in the same company in a different role. In January, edtech company upGrad's CEO Arjun Mohan quit after a nearly three-year stint. Last month, he joined Byju's to lead its international business. Prashant Jhaveri, chief executive of Flipkart's online pharmacy Flipkart Health+, also left the firm after serving more than a year at the company, reports entrackr. Fintech startup Slash and grocery tech startup Milkbasket are yet to announce their new CEOs. Throttle Aerospace's CEO reportedly stepped down from the company. In March, DailyRounds' CEO Deepu Sebin and FreeCharge's CEO Siddharth Mehta announced their resignation after serving for several years at the helm. In May, all three co-founders including CEO of buy now pay later (BNPL) startup ZestMoney resigned. Some startup founders also quit as CEOs voluntarily or were elevated to a new role. For example, co-working space provider 91Springboard has replaced its CEO Anand Vemuri with Anshu Sarin, the report mentioned. Logistics startup Porter promoted its CEO Pranav Goel to executive vice chairman. Consumer electronic brand boAt, higher education edtech platform DataTrained, and Skincare brand SkinQ also promoted their CEOs to a new role within the company. Some of the startups also saw layoffs. Cuemath laid off 100 employees and re-appointed Manan Khurma as its CEO.

international trade and investment, helping boost productivity and output and fostering economic growth and prosperity for all. Addressing the opening session of the meeting in Jaipur, Rajasthan, the minister urged the ministers from G20 and other invitee countries to work collectively to achieve concrete, decisive and action-oriented outcomes.

Uber on Thursday said it has appointed Arnab Kumar as director of business development for India and South Asia. Kumar has had previous stints at cryptocurrency exchange Coinbase, investment fund Prosus Ventures, and at Indian think tank Niti Aayog, where he worked on India's Covid contact tracing app Aarogya Setu. “During his work at Niti Aayog he delivered impact and change at scale. Under his leadership, our business development team will continue to be a key accelerant for our partnerships and new growth opportunities.” said Prabhjeet Singh, president, Uber India and South Asia Arnab has also worked for Deutsche Bank as an investment banker in Singapore and New York.

Canara Bank has waived service charges for up to 3 doorstep banking services for senior citizens for a limited period. According to the Canara Bank’s social media X account (previously known as Twitter), “Banking made effortless, right at your doorstep! Introducing our Special Doorstep Banking Services Campaign, running from 21st to 31st August 2023. Service charges waived for up to 3 doorstep banking services during the campaign for all senior citizens. It's required that you link your mobile number to your bank account. All accounts associated with your Customer ID automatically link up with your mobile number.

Boeing has recently identified a new 737 MAX quality problem involving supplier Spirit AeroSystems that has resulted in improperly drilled holes on the aft pressure bulkhead, the planemaker said on Wednesday. Boeing said the defect will delay near-term deliveries and the company is evaluating whether it could cause it to miss its annual delivery target of at least 400 737s this year. Boeing shares were down 2.7% and Spirit shares fell 6.1% in afterhours trading. The new supply-chain snag is the latest issue to impede deliveries of the cash-generating MAX following Boeing's disclosure of a problem in April that Spirit had improperly installed brackets joining the aft fuselage to the vertical tail. Boeing confirmed that the latest issue will delay the first MAX 8 delivery to Malaysia Airlines, which had scheduled an Aug.

₹4,243.64 crore through public private partnership (PPP) mode. "Once complete, the terminal will have annual capacity to handle 2.19 million container units (TEUs) with capability to handle next-generation vessels carrying more than 18,000 TEUs," it added.

ApeCoin (APE) has plummeted a further -15% week-on-week, in the latest tumble of a 7-month cascade, leaving desperate bag-holders asking: Is ApeCoin going to zero?

Relying on Social Security benefits for a comfortable retirement has never been a good plan, but most Americans today think they may not get anything at all.

₹7, 693.17 crore were assessed," the ministry of commerce & industry said. Dawra stressed the importance of utilising the GatiShakti National Master Plan portal and adopting the 'whole of government' approach for infrastructure planning and execution. She emphasized upon the critical importance of the projects in terms of connectivity to economic and social nodes of the area and accentuated on following an area development approach.

The price of Ethereum (ETH) has risen by 1.4% in the past 24 hours, reaching $1,669 after millionaire trader KBM predicted that the altcoin is set to fall to around $1,400.

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