Provident Financial News
07.08 / 20:07
Provident
FIVE
Action
show
Jail
Killing
Who is Tou Thao, former police officer who got 57-month jail in George Floyd killing case?
Tou Thao, from Minneapolis has been sentenced to 57 months in prison for his involvement in George Floyd's death. Thao was found guilty of aiding and abetting manslaughter in May by a Minnesota judge. He stated that he acted as a «human traffic cone,» holding back bystanders while Derek Chauvin knelt on Floyd's neck for about 10 minutes. George Floyd's death in May 2020 led to widespread protests across the US. All four ex-police officers connected to the incident were convicted of federal civil rights charges, along with state murder charges for Chauvin. Ex-officers, Thomas Lane and J Alexander Kueng, admitted guilt for aiding and abetting second-degree manslaughter in the case. Thao, who received a three-and-a-half-year sentence for his civil rights conviction, will serve the 57 months concurrently. He opted for a judge trial in the manslaughter case, waiving his right to a jury trial. He also chose not to testify or question witnesses. Judge Peter Cahill, in a 177-page decision, stated that Thao's actions, including shielding Chauvin and the other officers from the crowd, prevented a trained medic from aiding Floyd. «Proof beyond a reasonable doubt» shows that Thao's actions were «objectively unreasonable» from the perspective of a reasonable police officer, considering all circumstances, the judge said. Judge Cahill additionally noted that Thao's actions were more unreasonable as he was obligated to intervene to stop excessive force by other officers and was trained to provide medical assistance.
07.08 / 19:35
UPS
Provident
Immunic
SARS-CoV-2
country
covid variant
Variant
'New Covid variant found in India, but no rise in cases'
Eris', the new Covid-19 sub-variant which has sparked concern in the UK, has been detected in India, people in the know told ET. However, no «clustering» and increase in cases has been reported, they said. Indian SARS-CoV-2 Genomics Consortium (Insacog), the pan-India network of laboratories set up to monitor genomic variations of the coronavirus, held a review meeting last week amid a surge in Covid-19 infections in the UK due to the new variant, also known as EG.5.1.
07.08 / 19:35
UPS
Provident
Progressive
country
US weather update: Parts of North Carolina under Tornado watch, harsh winds forecast for South Carolina; Details here
severe weather conditions in Western North Carolina. A tornado watch has been issued until 7 p.m. for several counties in the region, including Avery, Buncombe, Cherokee, Clay, Graham, Haywood, Jackson, Macon, Madison, Mitchell, Swain, and Yancey. The main concerns are strong winds and hail, with the possibility of isolated tornadoes. These conditions are expected to occur as a cold front moves into the area around 4 p.m. and continues until 7 or 8 p.m. Tuesday is forecasted to be the most pleasant day of the week, providing relief for students in Greenville County as they begin their new school year. However, before that, Monday afternoon and evening may bring strong to severe storms to the region. Damaging winds are the primary concern, with gusts reaching up to 60 mph or even higher. There may also be isolated areas of hail, and a brief tornado is not entirely ruled out. The system is expected to pass quickly, accompanied by heavy rain and lightning. By around 8 p.m., most, if not all, of the rain should have cleared out of the area, with just a few lingering downpours. The following day, Tuesday, is expected to offer dry skies, lower humidity, and pleasant weather for kids starting their first day of school. As the week progresses, more unsettled weather may return, so it's essential to stay updated on the latest forecasts and be prepared for any changes in conditions.
07.08 / 19:13
COST
UPS
Provident
Cooper
Southern
Govt confident higher production in August will bring down tomato prices
central government is expecting the produce of tomatoes to increase from 2,23,000 MT in July to 5,44,000 MT in August in major producer states, bringing down prices of the vegetable and providing respite to consumers. «As the production in major growing areas especially in Himachal Pradesh go up, we will see cooling down of prices,» according to a senior official from the Ministry of Consumer Affairs, Food and Public Distribution. The harvest in Himachal Pradesh, which is the main source of tomatoes in the national capital region and other northern markets, is expected to jump from 2,000 MT in July to 30,000 MT in August, providing relief to consumers.
07.08 / 19:13
UPS
Provident
FIVE
Women judicial panel to study Manipur atrocities
Supreme Court has constituted a three-member women judicial committee, comprising three former high court judges, to examine «relief, remedial measures, compensation, restoration of houses» and other humanitarian issues of Manipur's violence victims. A bench headed by CJI DY Chandrachud issued a direction to this effect on Monday. The committee will be headed by Gita Mittal, retired chief justice of J&K High Court.
07.08 / 18:59
Provident
Digital
Citizens
Google
Delhi HC dismisses PIL against Google India
Delhi High Court on Monday dismissed a PIL against Google India Digital Services for its payment arm Google Pay's alleged unauthorised operations under banking laws. A bench, led by Chief Justice Satish Chandra Sharma, dismissed financial economist Abhijit Mishra's plea against Google Pay's use and storing of Aadhaar and banking information of Indian citizens as a sheer violation of the Constitution, the Aadhar Act 2016, the Payments and Settlement Systems Act 2007, and the Banking Regulations Act.
07.08 / 18:59
Provident
country
Indian
Indian diamond traders explore non-US markets
India starting January as it believes those may have originated from the mines operated by Alrosa of Russia, a country which is under US sanctions. Trade sources said the restrictions are expected to be announced in September.Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council, said: «Discussions with G7 countries, the US, and our government are currently underway. Meanwhile, we are preparing ourselves to enter newer markets.
07.08 / 18:47
UPS
IPO
Provident
Assurant
NIFTY
Ant
Ant transfers 10.3% in Paytm to Sharma
MUMBAII, NEW DELHI : Ant Group transferred about 44% of its stake in One 97 Communications Ltd, which runs Paytm, to founder and chief executive Vijay Shekhar Sharma, a move seen as an effort to reduce the Chinese company’s ownership in the Indian fintech giant. Paytm said Resilient Asset Management BV, an overseas entity owned by Sharma, will acquire the ownership and voting rights of 10.3% of the stake in the company held by Antfin (Netherlands), a unit of Ant Group, formerly known as Ant Financial. Upon successfully completing this transaction, Sharma’s Paytm holding will increase to 19.42%, making him the company’s largest shareholder.
07.08 / 18:47
Provident
FIVE
Manufacturing
Gap
Strategy
electronic
Record $70 bn revenue for auto parts makers
electric vehicle parts, barring EV batteries, to overall auto components supplies to 2.7%, compared to 1% in FY22. India’s EV component sales are dominated by electric two- and three-wheelers, with electric passenger vehicles (four-wheelers) representing just 1.0-1.5% of total EV sales. The auto components segment has been growing at a compound annual growth rate (CAGR) of 4.1% over the last five years.
07.08 / 18:47
Provident
Reuters
UBS
Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report
Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported on Monday. Only 20 bankers out of the 100-strong investment banking team will be spared from the cuts, the Reuters report said, citing sources familiar with the matter. Hong Kong houses the largest share of Credit Suisse's investment bankers in Asia.
07.08 / 18:41
Provident
services
Black day in history of India's democracy: Kejriwal after Rajya Sabha passes Delhi services bill
Rajya Sabha passed the Delhi Services Bill, Chief Minister Arvind Kejriwal on Monday said it was a «black day» for India's democracy and accused the BJP-ruled Centre of trying to «usurp» power through the backdoor. He also said that it was an «insult» to the right to vote of the people of Delhi.
07.08 / 18:41
UPS
Citi
Provident
Siemens
Platform
Adani Energy Solutions Secures $1b for Green HVDC Link Project
Adani Energy Solutions (AESL), the transmission and distribution business arm of the Adani Group, said it has achieved financial closure for its $1 billion (about ₹8,268 crore) green high voltage direct current (HVDC) link project, which will increase renewable energy supply to Mumbai. The credit facility is part of the $700 million revolving project finance facility tied up in October 2021 for the company's under-construction transmission assets portfolio.
07.08 / 18:07
UPS
Provident
Manufacturing
CEO
Pfizer
show
Drug Shortages Are a Boon to One Industry: Compounding Pharmacies
Pfizer manufacturing plant that produced 8% of sterile injectable medicines used by U.S. hospitals. Lobbyists for compounders say they could do more to help with shortages if they had more regulatory flexibility.
07.08 / 18:07
Provident
Software
Meet Neville Roy Singham, accused of spreading Chinese propaganda in India and abroad
Times of India. Singham's firm deals in IT consulting, providing custom software tools and consulting services. Recently he has been accused of funding various groups which promote Chinese state media positions, while at the same time denying Uyghur genocide and also lobbying for Russian imperialism, adds the report.
07.08 / 17:47
Blockchain
UPS
Provident
Platform
Marvell
exclusive
Exploring the Best Crypto Presales of 2023: Cogwise's AI-Powered Revolution
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
07.08 / 17:47
07.08 / 17:47
07.08 / 17:23
COST
UPS
Citi
Provident
Metro
cover
Costs
Know the costs of caring for your elderly parents at home
₹80,000 every month on her dialysis and other costs. “Until last year, her treatment was based on medication. But, one day, she collapsed and had to be hospitalized, Now, she needs dialysis thrice a week.
07.08 / 17:23
COST
UPS
Provident
Gap
awards
Highways
country
How NHAI plans to dodge a debt trap
₹8,480 crore. When it was inaugurated on 12 March, a lot of the social media chatter was about its scale and impact—it cut down travel time between the two cities to just 75 minutes, from over three hours earlier. A couple of months later, the buzz on social media changed course—those using the highway grew increasingly critical.
07.08 / 17:23
UPS
Provident
Action
voice
MPs
Support
Delhi Ordinance Bill passed in Rajya Sabha, receives support from 131 MPs against Opposition's 102
Amit Shah. The bill that gives the central government control over bureaucrats in the Delhi government with the Rajya Sabha approving it with 131 votes in favour and 102 against. On 4 August, the bill was passed in the Lok Sabha by a voice vote.
07.08 / 17:23
Provident
Action
show
Inside
Sebi slashes pending case load in FY23
NEW DELHI : The Securities and Exchange Board of India (Sebi) significantly reduced the number of pending cases in FY23 as the regulator focused on resolving long pending litigation, according to the annual report of the markets regulator. The total number of cases pending before various adjudication officers of Sebi fell to 1,950 in FY23 from 6,924 in FY22, data showed. This reduction in number of pending cases is largely due to a single batch of cases involving trading in illiquid stock options where Sebi had initiated proceedings against more than 13,000 cases.
popular questions about Provident
What is Provident and why is it relevant?
Provident is a significant category that is in the spotlight. On our site, we regularly publish news related to this subject.
Where can I find the latest updates on Provident?
All new posts about Provident can be found in the highlighted block. We publish information as it becomes available.
How can I verify the accuracy of information on Provident?
We rely on trusted sources to ensure that the information about Provident is reliable and helpful for our readers.