Provident Financial News

04.12 / 20:29
markets Provident CEO Software awards UnitedHealth reports UnitedHealthcare CEO salary, bonus, compensation: Check Brian Thompson's annual income
UnitedHealthcare CEO salary and bonus. 50-year-old Thompson had run the insurance arm of health care giant UnitedHealth Group Inc. since 2021 and had worked at the company for 20 years. The University of Iowa graduate who began his career as a certified public accountant had little name recognition beyond the industry. Even to investors who own its stock, the public face of the parent company belonged to CEO Andrew Witty, a knighted British triathlete who has testified before Congress.
04.12 / 19:25
markets Provident Platform Strategy Software Experts recommendations Jio, Airtel at loggerheads again over licence fee for DTH operators
Reliance Jio Infocomm and Bharti Airtel are once again at odds over waiving the licence fee for direct-to-home (DTH) operators, with the former advocating for retaining the fee and the latter calling for its eventual phase-out. Both companies presented their views to the Telecom Regulatory Authority of India (TRAI) during its consultation on the 'Framework for Service Authorisations for the Provision of Broadcasting Services under the Telecommunications Act, 2023'. Airtel has called for the complete removal of the licence fee, arguing for parity between DTH and other TV distribution platforms, which are exempt from such charges.
04.12 / 18:49
Provident Action security Software Experts Bangladesh's Yunus regime yet to act against Indian cultural centre attackers
The centre, which promoted several local talents, was burnt down by Islamists after the then PM Sheikh Hasina's ouster and no action has been initiated against perpetrators, senior sources pointed out. The Indian diplomats in Dhaka have also faced life threats in the days after Hasina's ouster, following which Bangladesh Army had to provide protection, a source recalled. Security had to be beefed up near the residences of the diplomats and chancery as local police failed to act and some staff from the Indian diplomatic mission in Dhaka were also recalled.
04.12 / 16:03
markets Provident Software show performer reports patient Zepbound: The new weight loss pill that’s set to beat Wegovy, according to Eli Lilly
Eli Lilly’s weight loss drug, Zepbound, has been shown to lead to more significant weight loss than Novo Nordisk’s Wegovy, according to results from a new clinical trial. The study, funded by Lilly, is the first to compare the two drugs directly, providing valuable insights into their efficacy for weight loss. Lilly announced the results on Wednesday, claiming that Zepbound outperforms Wegovy, which has been a leader in the weight loss market.
04.12 / 16:03
markets Provident Software awards information Department recommendations DoT seeks views from Trai on allocation of satellite spectrum: MoS
Department of Telecom (DoT) has sought views on norms for allocating satellite spectrum from sector regulator Trai, Parliament was informed on Wednesday. The government has decided to allocate spectrum for satellite communication services through an administrative mechanism while telecom operators are required to purchase the radiowaves through auction. Minister of State for Communications, Pemmasani Chandra Sekhar in a written reply to the Lok Sabha said that spectrum assigned administratively are also chargeable and hence contribute to revenue.
04.12 / 16:03
Provident love Photos Celebrity beautiful reports Sporting Naga Chaitanya-Sobhita Dhulipala wedding photos out: First pics go viral as couple ties the knot in star-studded ceremony
Annapurna Studios, established in 1976 by Naga Chaitanya’s grandfather, the legendary Akkineni Nageswara Rao, provided a fitting backdrop for this momentous occasion. The 22-acre property in Banjara Hills, Hyderabad, is not only a symbol of cinematic legacy but also a cherished part of the Akkineni family’s history. The venue was adorned with traditional decor, reflecting the couple’s deep-rooted respect for their heritage.
04.12 / 15:41
markets Provident Software Bill Experts PAM country Rajya Sabha passes Boilers Bill
Rajya Sabha Wednesday passed The Boilers Bill, 2024 which seeks to repeal the century old Boilers Act, 1923 and decriminalise seven offences to promote ease of doing business. The Bill would provide for the regulation of boilers, safety of life and property of persons from the danger of explosions of steam-boilers and uniformity in registration. The Union Cabinet had cleared the bill in August. “The Boiler Bill, in a way, keeps the country safe and secure. It provides for a clear and transparent regulatory mechanism and sets accountability,” said commerce and industry minister Piyush Goyal.
04.12 / 15:41
markets Provident Digital CEO NVIDIA AMD performer Akash Systems signs $27 million deal with NxtGen for diamond cooled AI servers
Akash Systems, backed by global investors Peter Thiel and Vinod Khosla on Wednesday said it signed a $27 million (approximately Rs 225 crore) contract with India’s largest sovereign cloud provider NxtGen Datacenter and Cloud Technologies, to deliver its ‘diamond cooled’ AI servers across India. “The collaboration will position NxtGen as the world’s most energy-efficient AI compute solutions provider by using Nvidia and AMD GPUs (graphic processing units) that are ‘diamond cooled’ by Akash. The new servers will support NxtGen’s mission to provide energy-efficient and cost-effective AI compute services to enterprises of all sizes across India,” both the companies said in a joint statement. “We are collaborating with Akash to set an industry benchmark for sustainable AI. Through a combination of Akash’s diamond cooling, waterless liquid cooling, and advanced GPUs from NVIDIA and AMD, we are able to double the performance per watt,” said AS Rajgopal, CEO & MD of NxtGen.
04.12 / 15:31
markets UPS Provident Booking Strategy Laurentian Bank seeks partner to fund $1 billion of Northpoint assets
Laurentian Bank of Canada is in talks with asset managers including private credit firms to fund around US$1 billion of assets for its equipment finance provider, Northpoint Commercial Finance, according to people with knowledge of the matter.
04.12 / 15:19
markets Citi Provident wellness Healthcare country testing Genomic testing players like RIL's Strand eye tier-2, 3 markets as demand grows
Subscribe to enjoy similar stories. The genomic testing market in India, still at a nascent stage, is poised for big growth in the coming years as demand increases on the back of changing disease patterns, more awareness, and falling prices. Companies like Strand Life Sciences, a subsidiary of Reliance Industries Ltd, and MedGenome are increasing their footprint through organic and inorganic routes, with a focus on the smaller cities and towns.
04.12 / 14:01
Provident FIVE Nov community Enbridge reports Relationships Enbridge cancels plans for natural gas pipeline in northern B.C.
Enbridge Inc. has cancelled plans to build a natural gas pipeline project in northern British Columbia that was once touted as a key supply route for liquefied natural gas (LNG) export terminals near Prince Rupert.
04.12 / 13:59
UPS Provident FIVE security Morningstar When it’s time to rethink your asset allocation
Unless you happen to be an average-size person with perfectly balanced proportions, the clothing you buy may or may not fit perfectly
04.12 / 13:59
UPS Citi Provident wellness exclusive Courts DC lawsuit says Amazon secretly stopped fast deliveries to 2 predominantly Black zip codes
The District of Columbia is alleging in a lawsuit that Amazon secretly stopped providing its fastest delivery service to residents who live in two predominantly Black neighborhoods in the city
04.12 / 13:57
markets Provident Digital Man Platform Strategy PAM Nuclear-powered ballistic missile submarines provide India's third leg of nuclear triad: Navy Chief
nuclear-powered ballistic missile submarines (SSBNs) provide the third leg of the nuclear triad. He added that the next SSBN will be commissioned in the «coming months». «As far as the nuclear weapons are concerned, our stated policy is of no first use. And therefore the government had decided about the nuclear triad. The SSBNs provide that option for the third leg of the nuclear triad, which some people feel is the most reliable because it remains underwater and therefore not likely to be detected easily,» Tripathi told on the occasion of Indian Navy Day. «We have obviously commissioned the second ship in August, and it is carrying out various trials, and then we'll do whatever she's supposed to do. And similarly, next one, in the coming months and years, it will be a part of our navy and provide the nation with an alternative for deterrence as also the second strike capability as part of a nuclear triad,» he added.
04.12 / 13:57
markets Citi Provident Software wellness exclusive Courts DC lawsuit says Amazon secretly stopped fast deliveries to two predominantly Black zip codes
Amazon, saying the company secretly stopped providing its fastest delivery service to residents who live in two predominantly Black Washington neighborhoods but is still charging residents millions of dollars for a service that provides speedy deliveries. The complaint, filed Wednesday in District of Columbia Superior Court, revolves around Amazon's Prime membership service, which charges consumers $139 per year or $14.99 per month for fast deliveries — including one-day, two-day and same-day shipments — as well as other benefits. In mid-2022, the lawsuit says, the Seattle-based online retailer imposed what it called a delivery «exclusion» on two zip codes in the district — 20019 and 20020 — and began relying exclusively on third-party delivery services such as UPS and the US Postal Service, rather than its own delivery systems.
04.12 / 13:37
Provident Waters security Bill performer blues Features Seeking special discount on geysers? Here are our top recommendations for your bathroom and kitchen
BrandFeature 1Feature 2Product NameCapacityTank MaterialEnergy EfficiencyThe Havells Monza 25 Litre Water Heater consistently wins as the best budget friendly choice, balancing durability and performance with an affordable price point. It boasts a 25-liter capacity suitable for large households, an 8-bar pressure rating for high-rise buildings, and Feroglas coating for tank longevity.
04.12 / 13:31
markets UPS Provident Digital Manufacturing Strategy Schools EPFO extends deadline to activate UAN for ELI scheme, check last date here
As per EPFO, “Dear Employers, the date of UAN activation and Aadhaar seeding of Bank Account has been extended till 15th December. Ensure to do the same for all employees who have joined in the current financial year, starting with the latest joinees, to avail the benefit of the Employment Linked Incentive scheme.”
04.12 / 13:31
markets Provident Digital Software Food Experts Is India’s food inflation being measured correctly? EAC-PM member Nilesh Shah weighs in
Nilesh Shah, managing director and CEO of Kotak Mutual Fund, shared his views on the complexities surrounding food inflation and its role in economic policy during a recent event. Shah, also a part-time member of the Economic Advisory Council to the Prime Minister, questioned the way food inflation is being calculated and included in policymaking. Shah raised concerns about whether the free food distributed to over 80 crore Indians under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) is accounted for when measuring food inflation. The program, which provides free or subsidised food grains to a vast segment of the population, could impact the headline food inflation number, Shah suggested. «My only submission will be are we measuring food inflation correctly? For example, 80 crore Indians are provided free food. That cost is more than our fiscal deficit. Is the credit taken in food inflation?» said Shah while speaking at a Kotak MF event.
04.12 / 12:47
markets Provident Software Bill Experts PAM voice Rajya Sabha clears bill to replace 100 years old Boiler Act
Rajya Sabha on Wednesday cleared a bill to provide for the regulation of boilers, safety of life and property of persons from the danger of explosions of steam-boilers and uniformity in registration. The Boilers Bill, 2024 seeks to repeal the century old Boilers Act, 1923. The bill, which aims to decriminalise seven offences and promote ease of doing business, was cleared in the Upper House by a voice vote. The bill also provisions to ensure the safety of persons working inside a boiler, it said, adding, it also talked about repair of boilers to be undertaken by qualified and competent persons.

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