Provident Financial News
25.07 / 21:35
Provident
CEO
Strategy
Broker
LPL acquiring California broker-dealer with 260 advisors
LPL Financial, a firm with a long history of mergers and acquisitions, added to that Tuesday with an announcement that it was acquiring the wealth management business of Crown Capital Securities, an Orange County, California-based broker-dealer and registered investment advisor with 260 financial advisors and $6.5 billion in assets under its roof.
25.07 / 21:16
25.07 / 21:15
25.07 / 21:15
Provident
Digital
Amazon
Microsoft
Google
Strategy
Drop
ad
Google rebounds from unprecedented drop in ad revenue with a resurgence that pushes stock higher
Google snapped out of an unprecedented advertising slump during its latest quarter, signaling a return to growth cycle needed to fuel investments in artificial intelligence technology that expected to reshape the competitive landscape
25.07 / 21:15
25.07 / 21:15
COST
Provident
Maxim
Progressive
CEO
Kroger
Backed
Indoor farming company backed by Martha Stewart files for bankruptcy
Officials say a Kentucky-based indoor farming company that was backed by Martha Stewart when it began shipping tomatoes in early 2021 has filed for bankruptcy
25.07 / 21:15
UPS
Provident
Waves
Extreme
country
social
Disaster
Warning
Asia-Pacific needs disaster warning systems to counter rising climate change risks, report says
A United Nations report says the Asia-Pacific region needs to drastically increase its investments in disaster warning systems and other tools to counter rising risks from climate change
25.07 / 21:15
Provident
Action
boost
The Biden administration proposes new rules to push insurers to boost mental health coverage
President Joe Biden’s administration has announced new rules meant to push insurance companies to increase their coverage of mental health treatments
25.07 / 21:15
Provident
Lowe's
country
Poland's population constantly shrinking despite pro-family policy
Poland's state statistical office says that the nation has shrunk again to just under 37.7 million in June despite returning emigrants
25.07 / 21:07
UPS
Provident
Binance
SEC
Bitcoin
voice
saga
compliance
Crypto's Early Innovator Turns Advocate for Compliance: The Charlie Shrem Saga
Charlie Shrem – founder of the fallen Bitcoin (BTC) exchange Bitshrem – has pivoted to being a voice for regulatory compliance after being jailed for crypto violations eight years ago.
25.07 / 20:25
UPS
Provident
Google
Platform
Meta Platforms
Google-parent Alphabet profit beats expectations
(Reuters) -Google-parent Alphabet (NASDAQ:GOOGL)'s second-quarter profit exceeded Wall Street expectations on Tuesday, helped by steady demand for its cloud services and a rebound in advertising, sending shares higher by 4% in extended trading
25.07 / 20:01
Provident
AXY
CEO
Fighting
Assurant
Enterprise
Wipro Enterprises seeks to buy out shareholders reluctant to sell
BENGALURU : Azim Premji’s Wipro Enterprises Ltd has offered to buy the remaining 1.55% of shares from 150 shareholders of the $10 billion privately held company at ₹1,654 a share, eight years after a similar attempt ran into opposition from longstanding investors. Last week, shareholders received a communication from Wipro Enterprises on the reduction of capital under which all non-promoter shareholders are required to tender their shares at the company’s annual general meeting (AGM) on 10 August.
25.07 / 20:01
Provident
Waves
FIVE
Cooper
Gap
country
India-Australia trade gap narrows by 15% with FTA
NEW DELHI : The India-Australia interim free trade agreement (FTA), in place for six months, has led to a 15% narrowing of India’s trade deficit with Australia on increased exports of drugs, electrical machinery, and iron and steel articles, along with a significant decline in coal imports due to a milder Indian summer. India’s exports to Australia fell by over 32% in the five months to May compared to the year-ago period, while imports shrank by 25%, resulting in a narrowed trade gap of $3.87 billion, representing a 15% decline from the previous year, according to official data.
25.07 / 20:01
UPS
Provident
SEC
PwC
country
Stock Exchange Regulators Back Global Climate-Reporting Rules
Regulators of the world’s top stock exchanges gave their backing to the international climate-reporting standards framework Tuesday, adding momentum to efforts to establish the rules as the global baseline. The International Organization of Securities Commissions, known as Iosco, endorsed the International Sustainability Standards Board’s recently published climate reporting standard. Iosco’s board of 35 securities regulators—which includes the U.S.
25.07 / 19:55
25.07 / 19:13
Provident
country
cover
Reserve
What has flipped the forex reserve decline of India?
RBI. Dollar appreciated after the US Fed hiked rates and India’s balance of payment (BoP) saw lower net capital inflows. This trend reversed with the dollar index peaking last October as expectations of further Fed rate hikes waned.
25.07 / 19:13
UPS
Provident
FIVE
Booking
Manufacturing
Buyback
L&T announces first ₹10,000 cr buyback
₹10,000 crore from its public shareholders, the engineering giant’s first such offer in its eight-decade-long history. “We are walking the talk by returning surplus cash to shareholders in our journey to improve the group return ratios over the Lakhshya Strategic Plan period ending FY26," said S.N. Subrahmanyan, chief executive and managing director, L&T.
25.07 / 19:13
Provident
Entertainment
Enterprise
Sebi seeks changes in order on Goenka
Mumbai: Securities and Exchange Board of India (Sebi) on Tuesday filed an application to modify a 10 July order of the Securities Appellate Tribunal (SAT) against Zee Entertainment Enterprises chief executive Punit Goenka. This development follows the tribunal’s prior directive to appoint another whole-time member of Sebi to issue a final order on the matter. On 10 July, SAT dismissed a plea by Goenka and his father Subhash Chandra, chairman of the Essel Group, challenging Sebi’s 12 June order, barring them from holding positions on the board of any listed company.
25.07 / 19:13
COST
UPS
Provident
Target
Progressive
show
ARCs spot opportunity in written-off accounts
₹10.2 trillion bad loans, showed data from the Reserve Bank of India (RBI). In its Report on Trend and Progress of Banking in India in December, RBI said the reduction in non-performing assets of state-owned banks in FY22 was primarily due to loans being written off. However, industry officials said that while written-off assets present opportunities, they are likely to adopt a pick-and-choose approach for technical write-offs, or loans where banks are still actively seeking recovery avenues.
25.07 / 19:11
25.07 / 19:11
Provident
show
Low
Low-paying jobs fare better amid muted employment creation in May
jobs increased, official data released on Tuesday showed. New subscriptions to the Employees’ Provident Fund Scheme declined 1% sequentially in May, while the Employees' State Insurance Corporation, which applies to smaller establishments and less remunerative jobs, showed 11% rise in new subscribers month on month.
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