Provident Financial News

24.07 / 18:39

Provident MET Action country Execs yet to decide on investing after EBRD chief’s meet

New Delhi: While Indian business leaders recently met the president of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso, they are yet to make concrete investment commitment with the multilateral development bank that funnels investments to build market economies, two people with direct knowledge of the matter said. “They are on wait and watch mode on investment opportunities," one of the two people cited above said. Basso, who assumed office as the first woman to chief of the EBRD on 19 July, met with Indian business leaders in New Delhi, to discuss investment opportunities in the countries where the bank operates.

24.07 / 18:39

Provident Lowe's Booking Strategy Align ITC set to demerge hotel biz, stock falls

MUMBAI : ITC Ltd, India’s largest cigarette maker, said its board approved a proposal to separate its hotels business to unlock value and foster focused growth, a move awaited by shareholders for long. Under the new scheme, shareholders of the cigarette-to-hotel major will own 60% of the demerged entity directly and the rest through their shareholding in ITC. The proposed structure disappointed investors, sending the share price plunging 3.87% at the end of trading on Monday.

24.07 / 18:39

UPS Provident Airlines awards HC tells MD of SpiceJet to appear in person

₹75 crore to Kal Airways within three months towards its interest liability under an arbitral award, but the amount remains unpaid even after the airline asked for an additional two-month extension. According to Singh, the Supreme Court, in its order on 7 July, observed that SpiceJet’s application was just a delaying tactic not to pay money even when there were court orders directing the same.

24.07 / 18:33

Provident Aviat Aware Airlines settlement resolution Go First resolution professional in settlement talks with Delhivery

Delhivery, which has challenged the beleaguered airline's voluntary insolvency, its counsel informed the National Company Law Tribunal (NCLT) on Monday. «We are looking at settling with them,» the counsel submitted before the NCLT, while seeking more time to complete the talks.

24.07 / 18:27

Provident Digital Manufacturing Platform Enterprise track IoT Airtel B2B unit links over 20 mn IoT devices

New Delhi: India’s No2 carrier, Bharti Airtel‘s business to business division has achieved a significant milestone in the Internet of Things (IoT) space, surpassing 20 million connected devices, the first enterprise to achieve this feat. According to Frost & Sullivan data, Airtel’s B2B division had a 54.3% share in this market in FY23.

24.07 / 18:05

UPS Provident Target Equifax Equifax shares dip after BofA cuts rating to underperform

Investing.com — Equifax Inc (NYSE:EFX) shares were weighed by a downgrade from BofA Securities, which cited an uncertain pace of mortgage recovery.

24.07 / 17:55

UPS Citi Provident Mobile Parke country Tata Motors working on master app to provide info on location of EV charging stations

Tata Motors is working on a master app that will provide information on the location and availability of electric vehicle (EV) charging stations to its customers, in a bid to accelerate EV adoption and ease the range anxiety of users. The company that dominates the local market for electric vehicles – it had a 71% share in the April-June quarter – is likely to launch the app this fiscal year. With a sizeable customer base in place, the company has begun collating information and is doubling down on its efforts to secure visibility on the charging ecosystem for EV owners, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility managing director Shailesh Chandra told ET.

24.07 / 17:55

UPS Provident Target Man Action MPs NOT All MPs, not just one, need to talk Manipur

Opposition that accuses the Narendra Modi government of 'over-centralisation' now wants 'one man' alone, the prime minister, to speak on the violence in Manipur, or else… Three days into the monsoon session, Parliament continues to be in 'or else' mode: dysfunction. GoI has agreed to a discussion on Manipur in both Houses, with the home minister replying. But the Opposition is still seeing 'government' as 'PM' and 'PM' as 'government'.

24.07 / 17:47

Citi Provident Strategy Tesla Toyota Southern Joint Venture Toyota joint venture cuts 1000 jobs in China

Toyota Motor Corporation (NYSE:TM) revealed Monday that its joint venture with China’s state-owned Guangzhou, the Guangzhou Toyota Motor Co, has terminated early contracts of about 1,000 dispatch workers. The decision comes amidst mounting pressure from a price war in the world's largest auto market.

24.07 / 17:47

UPS Provident Target MAIL track social IRS is ending unannounced visits to taxpayers to protect worker safety and combat scammers

The IRS says it is ending its decades-old policy of making unannounced home and business visits — in a an effort to keep its workers safe and combat scammers who pose as IRS agents

24.07 / 17:45

COST Provident Manufacturing Apple Hyundai country Vestigial luxury has its own logic, market

Functionality is a key feature. Being seen with an Apple iPhone 14 Pro Max costing ₹1.9 lakh also provides features considered 'worth the value'. But a product's 'luxury quotient' alone can be enough for an increasing number of consumers.

24.07 / 17:37

UPS Provident Waters cover blues 10 Best Mini Umbrellas in India For Pocket-Friendly Protection (2023)

That is why mini umbrellas are the go-to option for many people. These umbrellas have a 3-fold design that shortens their length considerably, as small as 7 inches and on average 11 to 12 inches. This makes them convenient to carry in travel bags and purses or keep in the car during emergencies. So if you are looking to buy a high-quality mini umbrella, have a look at our curated selection just for you. Buy a mini umbrella and get pocket-friendly protection.

24.07 / 17:37

UPS Provident Lowe's Digital Platform Software stake Mukul Agrawal slashes holding in Newgen Software. Picks up stake in this multibagger

Newgen Software Technologies to 1.14% or 800,000 shares in the quarter ending June. The investor also picked up 1.34% stake amounting to 11,26,765 equity shares in Zen Technologies during the reported quarter. Shareholding trend of individual investors reflects in the ‘Shareholding Pattern’ of BSE listed companies on reaching 1% stake or above in the company.

24.07 / 17:35

Provident Action UBS UBS to pay $387M in fines linked to Credit Suisse’s dealings with Archegos

UBS Group will pay a total of about $387 million in fines related to misconduct by Credit Suisse Group in its dealings with Archegos Capital Management.

24.07 / 17:33

Provident Airlines Settling Delhivery issues out of court, Go First informs NCLT

₹1.59 crore to Go First for domestic cargo consignment services that were never provided by the airline in return for the payment. The payment was made under the terms of an agreement that the companies had entered into in 2020 and which was last renewed in August 2022.

24.07 / 17:33

Facebook Provident Aware Platform Meta Platforms show social How ChatGPT took its toll on human workers

The Wall Street Journal show. The company used the categorized passages to build an AI safety filter that it would ultimately deploy to constrain ChatGPT from exposing its tens of millions of users to similar content. “My experience in those four months was the worst experience I’ve ever had in working in a company," Alex Kairu, one of the Kenya workers, said in an interview.

24.07 / 17:21

Provident MET Google Merit Software Comcast Google owes $338.7 million in Chromecast patent case, US jury says

By Blake Brittain

24.07 / 17:21

IPO Provident Target Reuters CEO track Backed stake Todd Boehly-backed insurer Accelerant mulls IPO, stake sale, CEO says

By Pablo Mayo Cerqueiro, Echo Wang and David French

24.07 / 17:13

UPS Provident Digital Mobile Enterprise country Reliance Industries Brookfield Centre stake Reliance Industries to acquire 33% stake in Brookfield-Digital Realty data centre venture

Reliance Industries Limited (RIL) today announced entering into an agreement to invest alongside Brookfield Infrastructure and Digital Realty in their Indian SPVs set up for developing data centers in India. RIL will hold 33.33% stake in each of the Indian SPVs and become an equal partner. Digital Realty Trust, Inc.

24.07 / 17:13

UPS Citi Provident Digital Platform country social New forms or old? Clarity on annual company filings soon

NEW DELHI : The ministry of corporate affairs will soon clarify whether companies should file their annual returns for FY23 in the revamped version of the MCA21 portal with heightened security features or in the earlier version, said a person informed about the development. The clarification is expected before the peak filing season begins this year, said the person, who spoke on condition of anonymity.

24.07 / 17:13

UPS Provident MET Booking Inside concert Sebi may ease delisting process, review insider trading rules

NEW DELHI : Markets regulator Securities and Exchange Board of India (Sebi) is planning to simplify the delisting process for listed companies. Addressing a press conference on Monday, Sebi chairperson Madhabi Puri Buch said the move was important since any participant entering the listed markets should be able to exit it. The regulator is also looking at reviewing the insider trading rules pertaining to ‘trading plans’ to be disclosed by company insiders.

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