Provident Financial News

Telstra boss Vicki Brady says the emergence of artificial intelligence and demand for cloud storage are reasons to keep the telecoms group’s massive infrastructure business after delivering a 13 per cent jump in annual profit to $2.05 billion.

Choppers belonging to the Western Air Command carried out over 50 sorties over the last 48 hours, rescuing over 780 citizens in the flood-affected areas of Kangra district in Himachal Pradesh, Indian Air Force officials informed on Wednesday. Speaking on the ongoing relief and rescue operations in Fatehpur sub-division of Kangra district, Deputy Commissioner, Kangra, Nipun Jindal, told ANI, «A total of 800 trapped civilians were rescued on August 15. Further rescue operations are underway with the help of NDRF, the Indian Army and the Indian Air Force.

Vodafone Idea may reportedly close its external equity funding by the end of this year. Akshaya Moondra, the chief executive of the cash-strapped telecom during the earning call said the talks for equity funding have picked up momentum and he anticipated that they may see a positive outcome in the coming quarters. The funding is crucial for the telco as it has not posted any profit since the 2018 merger (Vodafone India and Idea Cellular).

₹10.26 crore. This marked the start of what would become a compelling collection trajectory. The movie witnessed a commendable 49.12% surge on the second day, raking in ₹15.3 crore.

By Tetsushi Kajimoto

Elon Musk on Wednesday said two of his companies - Tesa and SpaceX are doing their best to help the people of Hawaii. Hawaii's Maui and the town of Lahaina have been devastated by wildfires that have claimed the lives of over 110 people.

“High-net-worth-individuals” in Chile are growing increasingly keen on crypto investment, an expert has claimed.

InCred Financial Services is set to launch its first issue of market-linked debentures for retail investors, with the returns of the product linked to the Nifty 50 index. The issue offers 100% protection of the principal amount at maturity and a minimum total return of 14% on the maturity date, which is August 31, 2025, the non-banking financial company said in a statement.

Reuters, the fires, which ravaged a significant portion of the Maui resort town of Lahaina last week, resulted in a tragic loss of 110 lives. During the visit, Biden will personally witness the extent of the damage and hold discussions with first responders, survivors, and various governmental representatives at the federal, state, and local levels, The White House said in a statement. "I remain committed to delivering everything the people of Hawaii need as they recover from this disaster," Biden said in a post on the social media platform X, previously known as Twitter.

InMobi announced the acquisition of Quantcast Choice, a consent management platform designed to help publishers align with the global privacy regulations on Wednesday. This comes on the heels of India enacting its first privacy legislation, the Digital Personal Data Protection (DPDP) Act. InMobi maintains a large presence in Bengaluru, and has operations in Delhi and Mumbai.

Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting

A lawyer for a prominent Memphis couple with a longstanding relationship to former NFL player Michael Oher says that they want to end a conservatorship that he’s challenging in court

The U.S. Air Force is throwing its support behind a program to develop a sleek, futuristic-looking new jet that could provide greater range and efficiency for military tankers and cargo planes

Warner Bros. Games has confirmed that the Batman: Arkham Trilogy will soon be accessible on the Nintendo Switch. The announcement has come with an officially declared release date.

Mercury Systems (NASDAQ:MRCY) reported its Q4 results yesterday, with EPS of $0.11 coming in worse than the consensus estimate of $0.52. Revenue was $252.3 million, missing the consensus estimate of $278.81M.

By Humeyra Pamuk and Daphne Psaledakis

By Jarrett Renshaw

Narendra Modi will not return to power after the 2024 Lok Sabha polls, Nationalist Congress Party president Sharad Pawar has said. Setting to rest speculation that he may follow his nephew, Pawar said that he will not align with BJP but work for change of government in 2024. The INDIA bloc has come together to fight BJP and provide an alternative to NDA, he said.

healthcare to grow families and improve the standard of living is opening newer investment opportunities for Baring Asia-EQT, said one of its key executives. Baring Private Equity Asia-EQT (BPEA-EQT) announced two headline transactions in as many months. In June, it teamed up with Chrys Capital to buy 90% of Credila, the education loan arm of HDFC Ltd, for $1.1 billion--the largest-ever private equity (PE) buyout in India in the financial services sector. The following month, it invested $650-700 million for a 60-65% stake in Indira IVF, the largest provider of fertility services in India and among the top five globally in terms of annual in vitro fertilisation (IVF) cycles. Baring Asia and Sweden’s EQT announced a $7.5 billion merger in 2022 to create the world's third-largest PE fund group. “We continue to remain positively inclined to make more investments. We are not going to maintain that same pace of investments every month, but we are still inclined to making more investments in healthcare,” said Jean Salata, CEO, BPEA-EQT. “We just announced Indira IVF and we did AIG Hospitals in Hyderabad last year. We are still open to doing more in financial services, and of course tech and IT services has been the main thrust for us.”

Vedanta's bid to acquire Meenakshi Energy through the insolvency resolution process was approved by the Hyderabad National Company Law Tribunal last week. The Anil Agarwal company offered ₹1,440 crore against admitted claims of ₹4,625 crore, equating to a 31% recovery, distributed among lenders, trade creditors and employees. Two other bidders — Jindal Power and a consortium of Prudent Asset Reconstruction Company with Vizag Minerals — were also in the fray for the distressed thermal plant, court documents show.

Cost-of-living pressures and financial stress could make dipping into your superannuation tempting, especially when you have “control of the chequebook” as the trustee of an SMSF.