Provident Financial News
15.08 / 01:01
15.08 / 00:35
UPS
Provident
Digital
licence
One Card founders and Uni Cards NBFC licence applications face roadblocks from RBI
Another ‘buy now pay later’ startup, Uni Cards, is also understood to have applied for an NBFC licence from the RBI, but the same is believed to have not gone through yet either, this person added. “Both licence applications have been ‘returned’, a person briefed on the matter said. 'Returned' in regulatory parlance typically means that the application has not been fully rejected, but has been sent back to the applicant to be sent afresh.
14.08 / 20:45
14.08 / 20:45
Provident
NASDAQ
DOW
NVIDIA
Walmart
Stock market today: Dow ends higher as Nvidia leads tech rally on dip-buying fever
Investing.com — The Dow closed higher Monday, as weakness in banks was offset by renewed demand for tech amid a surge in Nvidia (NASDAQ:NVDA) ahead of a slew of incoming economic data set to provide further insight on the consumer.
14.08 / 20:45
14.08 / 19:49
14.08 / 19:49
14.08 / 19:37
IPO
Provident
country
ITC hotel spinoff at 10:1 ratio, IPO in 15 months
NEW DELHI : The board of ITC Ltd on Monday approved a proposal to demerge the company’s hotel business and separately list it on the stock exchanges within 15 months. As per the 10: 1 share entitlement ratio approved by the board, every person holding 10 ordinary shares of ITC will be entitled to one share of the demerged company, according to ITC. The company clarified that ITC shareholders would hold around 60% direct stake in the new hotel entity (proportionate to their stake in ITC).
14.08 / 19:37
14.08 / 19:37
UPS
Provident
Booking
Discover
Regulator proposes to ease delisting norms
NEW DELHI : The Securities and Exchange Board of India (Sebi) has proposed to ease the delisting regulations for companies to facilitate smoother exits for listed firms from stock exchanges. In a consultation paper floated on Monday, the regulator proposed providing an alternative route to listed firms for reverse book building and has also proposed a tweak counter offer framework. In a press conference held last month, Sebi chairperson Madhabi Puri Buch said a relook into the delisting rules was necessary since any participant who enters the listed markets should be able to exit it.
14.08 / 19:37
UPS
Provident
Strategy
Vodafone
Time
Vi avails grace time for spectrum fees; loss up to ₹7,840 cr
Vodafone Idea Ltd (Vi) will avail of a 30-day grace period for paying its annual instalment of spectrum payment, totalling ₹1,680 crore, along with interest, due on 17 August on account of the acquisition of 5G airwaves last year, the company said on Monday. The company added that one of the promoters will provide ₹2,000 crore financial support if the company requires funds for making the payment, without specifying the promoter entity.
14.08 / 19:37
UPS
Provident
Progressive
Action
stage
Adani probe: Sebi seeks 15 more days
NEW DELHI : The Securities and Exchange Board of India (Sebi) sought a 15-day extension from the Supreme Court to conclude its investigation into stock manipulation allegations against Adani Group by US short-seller Hindenburg Research, asserting that the markets regulator has made substantial progress in the probe. Sebi said the extension would allow it to submit the final status report on 24 issues it has investigated in connection with the Hindenburg report.
14.08 / 19:37
UPS
Citi
Provident
independence day
Telangana: Police beef up security across Hyderabad for Independence Day
Thehindu.com. Chief minister K. Chandrasekhar Rao will unfurl the national flag at 10 am at Golconda Fort after paying tributes to the gallant freedom fighters at the Martyrs’ Memorial.
14.08 / 19:37
COST
Provident
Action
Assurant
Hawkins
Inside
The $500m debacle: How insurer IAG missed risk warnings
Top finance veterans, including current Commonwealth Bank director Peter Harmer, declared for years insurer IAG had sound risk-management systems while regulatory debacles costing $500 million ticked away internally.
14.08 / 19:37
UPS
Provident
Waves
Deal
BDO USA partners in line for windfall after $2b debt deal with Apollo
New York | Senior partners at accounting firm BDO USA are in line for a big windfall after the arrangement of a $US1.3 billion ($2 billion) debt deal with Apollo Global Management, according to people familiar with the situation.
14.08 / 19:05
Provident
Cooper
Manufacturing
CEO
Action
Nestle
Recall
Nestlé Toll House Chocolate Chip Cookie Dough Recall Over Wood Fragments Detected in 'Break and Bake' Bars; Here’s what happened
Nestlé USA has taken swift action to recall specific batches of Nestlé Toll House Chocolate Chip Cookie Dough «break and bake» bars due to reports from consumers regarding the presence of wood fragments in the product.
14.08 / 19:05
Citi
Provident
BLOCK
Cooper
Celebrity
Centre
Checking migration from border villages focus of Centre's Vibrant Villages Programme
Checking migration from border villages, which lack opportunities in education, health and employment, is the focus of those in charge of implementing the Centre's Vibrant Villages Programme. «We have a primary school in our village, but the middle school is 32 km away. There are no medical facilities, roads or employment opportunities.
14.08 / 18:53
Provident
NASDAQ
DOW
NVIDIA
500
S&P 500 climbs as Nvidia rally pushes tech higher
Investing.com — The S&P 500 rose Monday, as investors piled back into chip stocks including Nvidia (NASDAQ:NVDA) pushing tech higher following recent weakness ahead of a slew of incoming data set to provide further insight on the consumer.
14.08 / 18:17
Provident
Adoption
Digital
CEO
Platform
Gap
Wall Street
WOO
Anton Katz of Talos Highlights the Need for Better Infrastructure to Woo Wall Street to Crypto
Anton Katz, CEO of digital asset trading platform Talos, has highlighted the need for better infrastructure in the crypto industry to attract Wall Street investors.
14.08 / 18:17
14.08 / 18:09
Provident
BLOCK
Progressive
performer
stage
track
social
Clearer math soon for states' social scheme budgets
target-based budgeting in their social schemes, a move aimed at ensuring better impact on the ground and greater accountability of public money spent on welfare measures. The Development, Monitoring and Evaluation Office (DMEO), an attached office of Niti Aayog, is developing states' specific output-outcome monitoring framework (OOMF) and providing technical support to each state to implement the framework. This will improve the quality of expenditure and bring in greater transparency and accountability in state budgeting, a senior government official told ET.
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