Provident Financial News

U.S. lawmakers and experts warn that the U.S. severely lags behind China in shipbuilding capacity and urge action to build up the country’s ability to develop and produce weapons and other defense supplies to avoid war with China

Crypto-focused companies' shares had a volatile Thursday as bitcoin traded above $100,000 and then retreated.

Los Angeles Times owner has revealed that the newspaper will have «bias meter» attached with articles on website from next year, as per a report. The «bias meter» will include comments and multiple viewpoints, The Hollywood Reporter reported. Meanwhile, AI search startup Perplexity said on Thursday it was adding more than a dozen new media partners, including the Los Angeles Times and The Independent, to its program where it shares a portion of ad revenue with the publishers, Reuters reported. In its first set of partners from regions including Japan, Spain and Latin America, Perplexity said companies such as Prisa Media and Newspicks will now be part of the publishers' program, joining existing partners like TIME, Der Spiegel and Fortune.

TD Bank on Thursday warned of a challenging 2025 and suspended its medium-term earnings forecast as Canada’s second-biggest lender works through its anti-money laundering remediation program following a U.S. regulatory probe.

A message left at the scene of an insurance executive’s fatal shooting echoes a phrase commonly used to describe insurer tactics to avoid paying claims

«We write on behalf of Mr. Combs to request that the Court direct the MDC to provide Mr. Combs with the laptop prepared for him by the government, and allow him to use that laptop on his unit, consistent with the way other inmates on his unit are permitted to use their laptops,» Sean 'Diddy' Combs' lawyer wrote the letter to the US District Judge. Combs' lawyer said that his client needs the laptop to access the documents. The lawyer also claimed that the government allowed a laptop for the accused rapper but MDC authority is yet to provide the device to the musician.

The move comes after the FCA revealed proposals in July last year to establish a consolidated tape in a bid to offer investors access to «clear and low-cost trading data». A consolidated tape would combine multiple sources of trading data into a single information stream, which the regulator argued will «increase transparency and access to trading data by lowering its cost and improving data quality». Four Graphs explaining 'what happened to the year of the bond' According to the FCA, the watchdog will publish draft tender documents on its procurement portal, Atamis, as well as hav...

markets regulator Sebi has advised caution to investors as it found unregistered online platforms offering unlisted debt securities to investors. «The public is urged to exercise caution in undertaking transactions on such unregistered platforms,» Sebi said while adding that such platforms appeared to provide an avenue for investors to acquire unlisted debt securities

International North South Transportation Corridor (INSTC) that provides India with the shortest route to trade with Russia and Europe. The Armenian Parliament on Wednesday approved a $200 million loan from the Eurasian Stabilization and Development Fund to build an 8.6 km Kajaran tunnel in Syunik (bordering Iran) as part of efforts to join INSTC, ET has learnt. Armenia is also in talks to join Iran’s Chabahar Port as it seeks access to India and other Asian nations. The South Caucasian country is also hoping for early linkages between the INSTC and the Chabahar Port for seamless connectivity.

The Employees' Provident Fund Organization (EPFO) received five certificates of merit for communication channels, E-proceedings: A case on use of information and communication technology in justice delivery, district outreach programme (Nidhi Aapke Nikat), multilingual call centres, and Prayaas — an initiative of handing over pension payment orders (PPO) to retiring members of the Employees' Pension Scheme, 1995 on the day of retirement itself. The awards were received by Ashok Kumar Singh, DG, ESIC, on behalf of EPFO.

Revenue was up 23% to £264.4m over the period, a jump from £218.3m in 2023. Its platform business also had a strong year with 66,000 customers added, increasing the total number of clients by 14% over the year. AJ Bell provides retail shareholders with electronic voting capabilities 'Record' assets under administration (AUA) of £86.5bn, up £15.6bn from 2023 were driven by net inflows of £6.1bn and «favourable market movements» of £9.5bn, according to AJ Bell. Jefferies analysts said the results were inline with consensus, but added they were motivated by the firm's confirmation ...

Securities Exchange Board of India (SEBI) recently clarified that under exceptional circumstances, a stock broker can upload the same mobile number or email address for more than one client if the clients belong to the same family. A retail investor can use his number or email ID to operate his family members’ demat accounts under certain conditions. Family for this purpose would mean self, spouse, dependent children and dependent parents. SEBI said that this is possible only under certain circumstances and on the client's written request. This rule will come into force with immediate effect. According to a SEBI circular on December 3, 2024, “Master circular states the following regarding uploading of mobile number and e-mail by stock brokers: Stock Brokers shall ensure that separate mobile number/email address is uploaded for each client. However, under exceptional circumstances, the stock broker may, at the specific written request of a client, upload the same mobile number / email address for more than one client provided such clients belong to one family. Family for this purpose would mean self, spouse, dependent children and dependent parents.”

ITC is expanding its network of FPOs, further aiming to connect one crore farmers in the next 4-5 years and scaling up sourcing of fruits and vegetables through this platform, said its Agri Business Division CEO S Ganesh. ITC, present in around 22 states through FPOs (Farmer Producer Organizations) and working on 20 crops, has plans to expand and deepen it further in states including Madhya Pradesh, Rajasthan, Haryana, Punjab and Bihar. Besides, ITC is working on expanding the reach of its super app MAARS — a 'phygital' initiative with FPOs through which it is providing personalised advisories to farmers from weather forecast to sales of crops at mandi prices, supply of seeds and fertiliser and services as soil testing to helping them get credit from banks. Through MAARS (Metamarket for Advanced Agriculture Rural Services), ITC is also enhancing agricultural practices to small farmers through technology aggregation, AI-enabled solutions, AgTech and an e-marketplace for commodities and inputs.

Eurogrip Tyres, a leading brand specialising in two-wheeler, three-wheeler, and off-highway tyres, has appointed cricket legend Mahendra Singh Dhoni as its brand ambassador, on Thursday. As part of this collaboration, Dhoni will endorse the Eurogrip brand and its entire product portfolio, the company said. TVS Srichakra Ltd, the manufacturer of Eurogrip, TVS Eurogrip, and TVS Tyres, was established in 1982 and operates as a key vertical of the USD 3 billion TVS Mobility. M S Dhoni, known for his dependability, performance, and passion for riding, embodies the values that align with Eurogrip Tyres' vision of empowering riders with control and confidence on every journey, the company said in a statement.

Uber India Systems for failing to provide a cab on time and for not addressing a customer's complaints. The panel identified this as a «deficiency in service» and ordered the company to compensate the complainant, a TOI report stated.

Subscribe to enjoy similar stories. Torrent Power Ltd’s stock has gained more than 10% this week after it announced the opening of its qualified institutional placement (QIP), for which it set the floor price at ₹1,555.75 a share. The stock also seems to be generating greater interest since the recent listing of NTPC Green Energy Ltd, which is up about 30% from its issue price so far.

Brent crude futures climbed 12 cents, or 0.2%, to $72.43 a barrel by 0103 GMT while U.S. crude futures were at $68.70 a barrel, up 16 cents, or 0.2%.

Bajaj Housing Finance has helped triple the value of Tata Capital, the non-bank lending arm of the Tata Group. The company, which debuted in the unlisted market nearly a year ago at ₹300 apiece, has seen its valuations soar to ₹900 per share. Investment bankers attribute the surge to the successful listing of Tata Technologies and the uptick in NBFC valuations.

The investment bank has also scaled down the GDP forecast for FY25 to 6%, below the consensus of 6.9% for the fiscal year and the Reserve Bank of India's forecast of 7.2% made in its October policy review.

Facebook’s parent company Meta says it will build a $10 billion artificial intelligence data center in northeast Louisiana

Brian Thompson led one of the biggest health insurers in the US but was unknown to millions of people his decisions affected