Provident Financial News

The Lottery Corporation chief executive Sue van der Merwe said the aggressive marketing of offshore lotteries has not had a financial impact on the $11.5 billion giant, but claimed the advertising push was concerning newsagencies that a cut from local competitions.

Global engineering group Worley plans to use automation and digitisation to boost profit margins after losses on the sale of a North American business caused annual net profit to slide 78 per cent to $37 million.

rupee ended 17 paise higher at 82.94 a dollar. Investors will keenly watch for clues on the outlook for interest rates from US Federal Reserve Chairman Jerome Powell's speech on Friday at Jackson Hole, Wyoming. “Rupee is likely to depreciate today amid a firm dollar and on expectation of disappointing economic data from major countries across the globe.

Commonwealth Games officials initially sought a “multibillion-dollar” payout from Victoria’s Andrews government for its cancellation of the 2026 event, and independent mediators were crucial in containing it to a$380 million deal that went down to the wire.

On August 9, 2023, Maple Finance announced the opening of its Cash Management Solution to U.S. domiciled Accredited Investors and Entities, operating with a Reg D exemption. This development allows these investors to access a conservative yield backed by U.S. Treasury bills on-chain.

Education Policy (NEP 2020), the authorities said as reported by ANI. -As per the authorities, this AI School facility will be initially available to students from classes 8 to 12.

Iran’s Defense Ministry has unveiled a drone resembling America’s armed MQ-9 Reaper, claiming that the aircraft is capable of staying airborne for 24 hours and has the range to reach the country's archenemy Israel

Gold prices gained on Wednesday, as a slight pullback in U.S. dollar and Treasury yields helped bullion stabilise near a key $1,900 level ahead of a central bankers' gathering that would likely provide cues on interest rates outlook. FUNDAMENTALS * Spot gold was up 0.2% at $1,900.30 per ounce by 0123 GMT, while U.S.

Jio Financial Services: The BSE has deferred the removal of Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance Industries, from all the S&P BSE indices to 29 August from 24 August. Jio Financial Services listed on the bourses on Monday and hit the lower circuit for the second straight on Tuesday. Vodafone Idea: Debt-ridden telecom services provider Vodafone Idea plans to clear about ₹2,400 crore wort of dues to the government by September.

Chandrayaan 3 spacecraft is expected to land on the Moon's surface at around 18:04 hours IST. Chandrayaan-3 is the follow-up mission of 2019's Chandrayaan-2 Mission which was partially successful as per the ISRO. In the previous Moon mission, the Vikram lander of the Chandrayaan-2 crashed while attempting the soft landing on the Moon's surface due to a technical glitch.

The New York-based fintech investment adviser, Titan Global Capital Management, has agreed to comply with the US Securities and Exchange Commission's (SEC) cease-and-desist order and paid fines exceeding $1 million for misleading investors about its cryptocurrency offering.

Australia, while rich in fossil fuels, is equally gifted with the resources to make it a renewable energy powerhouse. Whether it can make this transition will be a matter, not only of political will, but of tough business choices.

The Reserve Bank of Australia says a central bank digital currency could increase “efficiency and resilience in some areas of the payments system”, but warns more research is required to deal with legal, regulatory, technical and operational issues to ensure any eAUD operates safely.

Helium mining is the process of providing wireless coverage for the Helium Network, a decentralized network designed to support Internet of Things (IoT) devices. Participants, known as helium miners, deploy helium mining hotspots to contribute to the network's coverage and are rewarded with tokens. Helium is «a global, distributed network of Hotspots that create public, long-range wireless coverage for LoRaWAN-enabled IoT devices and cellular devices».

Meta's Facebook or Instagram and Google’s YouTube Kids will be able to directly fetch and verify documents of teenagers’ parents from DigiLocker and use it to avail parental consent, people aware of the matter, told ET. The Digital Personal Data Protection (DPDP) Act, 2023, defines children as those below 18 years, which is above the global threshold. Users above 13 years of age are allowed on many social media platforms. For users in India between 13 and 18 years of age to access any platform or avail services on the internet, apps may now have to get parental consent by verifying the identity of the children and their parents. If the parent agrees to share the data with the social media platform, she will have to enter a one-time password to provide consent.

Hydrogen fuel cell company HDF Energy aims to become a bigger player in the Southern Hemisphere by using part of an old Holden car factory to manufacture 12-metre metal “boxes” containing fuel cells providing electricity.

Only four renewable energy projects reached financial close in the three months to the end of June, extending a dearth in commitments to new wind and solar farms just when the buildout is supposed to be accelerating to allow polluting coal generators to shut down.

Australia’s superannuation sector is not prepared for the nearing demographic cliff when the bulk of members’ capital shifts to drawing-down income, one of the world’s largest private capital managers warns.

If the last few years have taught us anything, it’s that businesses must constantly adapt and evolve in order to keep ahead of the competition. While the broader macro environment has led many businesses to shift their focus from raw growth to profitability, that doesn’t mean they can stop focusing on customer growth altogether.

Investors in their golden years have increasingly been targeted by precious metal and collectible coin providers — a trend that state regulators, lawyers and financial advisors say needs to stop.

Finra arbitrators ordered Morgan Stanley to pay a senior investor $1.8 million for weighting too much of her portfolio in a single stock — WisdomTree Investments Inc.