Provident Financial News

West Virginia University students have staged a walkout to protest the proposed elimination of academic programs while showing support for faculty and staff whose jobs are being targeted

Pilots at American Airlines have approved a new contract that will raise their pay more than 40% over four years

Macy’s heavily discounted spring goods to make room for fall and holiday merchandise in the face of customers’ cautious spending in a challenging economy

MacKenzie Scott’s quest to give the bulk of her wealth to charity continues

Gov. Ron DeSantis’ appointees to a board that oversees Disney World’s governing district have launched a battle against the company on a new front — free passes and discounts for employees

U.S. regulators have approved the first RSV vaccine for pregnant women to protect their newborns

The Biden administration has tightened offshore oil drilling safety regulations, including rules regarding the use of “blowout preventer” devices on offshore oil and gas drilling rigs

House conservatives in a group known as the Freedom Caucus have unveiled a list of demands they want included in a stopgap spending measure to keep the federal government running after the end of September

Defense lawyers say FTX founder Sam Bankman-Fried can't adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet than bread, water and peanut butter

(Reuters) — The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation.

Heal by India initiative. The plan is to create a pool of nurses and care workers and help India to become the Care Capital of the world, a senior government official told ET. «While the master project is 'Heal in India', 'Heal by India' is the initiative of the ministry of health and family welfare, the ministry of skills development will provide skills training and other necessary requirements for movement of Indian healthcare workers to different parts of the world,» the official said. The National Skills Development Council of India has entered into an agreement with the Indian Nursing Council as well as the health sector skills councils for deploying skilled healthcare professionals and care workers outside India. Besides, the ministry is in talks with its counterparts in Israel, Portugal, Finland and Germany to assess demand for caregivers and will soon come up with customised training modules to meet country-specific requirements. The plan is to tap into the human resource pool of Indian Nursing Council, state governments and private healthcare institutions and provide them with training of international standards to facilitate overseas placement. The ministry is in the process of aggregating demand from destination countries after which it will provide domain related skills training, foreign language proficiency training and other capacity building activities to make them employable overseas.

₹8,000 crore to be spent on capital expenditure and acquisitions between 2021 and 2025. About 10% of the allocation was for acquisitions and company has already spent it. “We have already invested the allotted ₹600 crore- ₹800 crore for mergers & acquisitions (M&A), but we aren’t constrained by those targets, we are only constrained by opportunities and demand growth...We also have global ambitions in this.

Securities Appellate Tribunal (SAT) has refused to grant any immediate relief to Eros International Media, its executive vice chairman Sunil Lulla, and CEO Pradeep Dwivedi from the Securities Exchange Board of India's (Sebi) interim order, which restrained them from buying, selling, or dealing in securities until further orders. While disposing of the appeals filed by Eros, Lulla, and Dwivedi on Tuesday, the appellate tribunal directed them to file a reply or objection along with a stay vacation application against Sebi's June 22 order within three weeks. «We do not find any reason to interfere with the impugned order at this stage, and we dispose of the appeal, directing the appellants to file a reply or objection along with a stay vacation application to the ad-interim ex-parte order dated June 22, 2023, within three weeks from today,» the bench of Presiding Officer Justice Tarun Agarwala and Technical Member Meera Swarup said in an order.

MUMBAI : Omnichannel pharmacy chain PharmEasy will raise ₹3,500 crore through a rights issue next week, multiple people aware of the development said, helping it repay a big chunk of its loans to Goldman Sachs. Temasek Holdings, TPG, Prosus, CDPQ, Eight Roads, LGT, Abu Dhabi sovereign wealth fund ADQ, Amansa, OrbiMed and Sunil Kant Munjal’s family office have already committed to invest as much as ₹2,000 crore, one of the people cited above said. Manipal Health Enterprises founder Ranjan Pai’s family office may invest ₹1,200 crore.

Future Group companies on Tuesday moved the Delhi High Court against a debt recovery tribunal's July 31 order that restrained them from alienating their assets in recovery proceedings initiated by lenders. A bench led by Chief Justice Satish Chandra Sharma, while seeking response from the government, Future Group founder Kishore Biyani, Rattan India Finance, RBL Bank, Yes Bank and others refused to stay the DRT order.

₹200." This strategic move places the dairy cooperative in direct competition with well-known ice-cream brands such as Baskin Robbins and Naturals. Recently, the firm announced a group turnover of ₹72,000 crore for the FY23. Notably, Amul’s milk-based beverages business saw 34% rise from a year ago, while its ice-cream division saw 40% growth.

IMA) has urged the government to withdraw the regulation that mandates doctors to prescribe generic medicines, saying it should not be enforced till there is assurance that the medicines meet quality standards. In a letter to the health minister on Tuesday, the association also asked the government to allow professional associations to use pharma funding for continuing medical education (CME) sessions (CMEs) and educational/research activities in a transparent and bonafide manner, and to make digitalisation desirable yet optional. A day earlier, health minister Mansukh Mandaviya had called a meeting to discuss issues related to the newly notified regulations by the National Medical Council (NMC). The NMC's regulations, issued earlier this month, stated that all doctors must prescribe generic drugs, failing which they face a penalty, including suspension of their practice licence. The IMA's letter said it is a «matter of great concern» since prescribing only generic drugs directly impacts patient care and safety.

Mumbai: The Securities Appellate Tribunal (SAT) on Tuesday refused to interfere with Securities and Exchange Board of India(Sebi)’s actions against Eros International for alleged misrepresentation and diversion of funds. Instead, Justice Tarun Agarwala directed the company to file its reply to Sebi’s 22 June ex-parte order in three weeks. “We do not find any reason to interfere with the impugned order at this stage.

Binance Labs, the venture capital and incubation arm of Binance, has announced a strategic investment in AltLayer, a leading decentralized Rollups-as-a-Service (RaaS) provider for Web3 applications, as of August 9, 2023.

EDX Markets, a prominent institutional crypto exchange company, announced on Tuesday a collaboration with Anchorage Digital, a regulated crypto platform renowned for its comprehensive financial services and infrastructure solutions.

Software companies have a point in asking GoI for changes to local value addition rules for public procurement. Software value chains are typically global with the intellectual property (IP) residing in one country, research being conducted in a second, and development happening in a third. Government local sourcing orders are broad, leaving nodal ministries to decide how to determine it.