Provident Financial News

RBI) is proposing that banks and card network providers like MasterCard, VISA and American Express cannot get into exclusive arrangements that curbs competition and puts the consumer at a disadvantage.Card issuer banks will henceforth have to issue cards from more than one network provider and will have to provide an option to customers to choose any one among the multiple card networks, RBI said in a draft circular. In the draft circular RBI said that existing arrangements between card networks and card issuers (banks and non-banks) are not conducive to the availability of choice for customers. It has called for public comments by August 4 and set October 1 as the date to implement the circular.

Alongside Garcia-Rulfo, the cast includes Neve Campbell, Becki Newton, Jazz Raycole, Angus Sampson, and Christopher Gorham. Season two introduces new additions to the cast, such as Yaya DaCosta, Lana Parrilla, and Angelica Maria. «The Lincoln Lawyer» season 2 is based on the fourth book in the series, titled «The Fifth Witness», and is divided into two parts. The first part, comprising five episodes, will be available on Netflix on Thursday, July 6 at 8 am BST in the UK. For viewers in the US, episodes will be released at 12 am PT/3 am ET. The second part of «The Lincoln Lawyer» season two, also consisting of five episodes, will be released on Thursday, August 3. Last month, a trailer for the second season was unveiled, providing a glimpse into the upcoming episodes. The series is created by David E. Kelley, known for his work on shows like «The Practice,» «Boston Legal,» «Ally McBeal,» «Goliath,» and «Big Little Lies.» Manuel Garcia-Rulfo, recognized for his roles in movies like the 2016 remake of «The Magnificent Seven,» «Widows,» and the 2022 film «A Man Called Otto» alongside Tom Hanks, returns as the lead character in «The Lincoln Lawyer.» «The Lincoln Lawyer» is available for streaming on Netflix, providing fans of legal dramas and crime thrillers an exciting and immersive viewing experience.

RBI) on Wednesday asked banks and non-bank lenders to issue credit, debit and prepaid cards on multiple networks to give customers the freedom to choose. «On a review, it is observed that arrangements existing between card networks and card issuers (banks and non-banks) are not conducive to the availability of choice for customers,» the RBI said in a draft circular seeking comments.

Veritas Finance Private Limited has raised Rs1,050 crore from Multiples Private Equity along with its co-investors including International Finance Corporation (IFC) to expand access to capital for India’s micro, small and medium enterprises, stated a press release. The deal comprises a primary issuance of Rs400 crore and provides a part exit to early investors, British International Investment (BII) and Lok Capital.

dollar held steady against other major currencies on Wednesday as traders waited for minutes from the Federal Reserve's last policy meeting that could offer clues to the outlook for interest rates. Australia's dollar fell in line with the Chinese yuan after data showed China's services activity expanded at the slowest pace for five months in June, the latest sign of a sputtering post-pandemic recovery in the world's second-largest economy. The dollar index — which measures the U.S.

The Supreme Court collegium headed by chief Justice D.Y. Chandrachud Wednesday recommends Telengana High Court chief Justice Ujjal Bhuyan and Kerala High Court chief justice S Venkatanarayana Bhatti for the appointment as judges in the apex court. The Supreme Court collegium, which also comprises Justices Sanjay Kishan Kaul, Sanjiv Khanna, B R Gavai and Surya Kant, took the decision in a meeting and the resolution was uploaded on the top court website today.

The Centre aims to procure 2.6 million tonnes (mt) coarse grains or millets in the coming 2023-24 Kharif marketing season and distribute 2.2 mt.  A comprehensive strategy to increase the procurement of coarse grains was discussed and formulated during a conference of all states’ and union territories’ ministers under the chairmanship of Union food minister Piyush Goyal in New Delhi today.   “This strategic focus on coarse grains or millets reflects a broader objective to strengthen the nutritional security of the beneficiaries. It is projected that a total of 26.14 Lakh Metric Tonnes (LMT) of coarse grains would be procured in Kharif Marketing Season (KMS) 2023-2024, while the expected distribution would be 22.31 LMT," an official statement said.  The food department highlighted the scale of, and reforms in, procurement process of foodgrains which is key to providing food security and stability to domestic prices of foodgrains.  A millet exhibition showcasing various millet products was held on the side-lines of the conference to promote consumption of the coarse grains.  Appreciating the efforts of the State and UT governments for procuring and distribution of foodgrains, Goyal said they should work together with the Centre in the spirit of cooperative federalism.

New Delhi: The seventh edition of the bilateral Japan-India Maritime Exercise 2023 (JIMEX 23) hosted by the Indian Navy, is being conducted at/ off Visakhapatnam from 5 -10, July 2023, the ministry of defence said in a statement. This edition marks the 11th anniversary of JIMEX, since its inception in 2012, it added.

Bhutan, a South Asian kingdom nested in the Himalayan mountains, has recently revealed a secret that stunned the international financial market: the country has been quietly mining crypto for years without telling a soul - including its own citizens.

Yandex faces prosecution in a Russian court for alleged offences under the country's so-called "LGBT propaganda" law, a notice on the court's website said on Wednesday. The move to prosecute Artem Savinovsky, for which no hearing date was listed, comes a day after a different court levied a 1 million rubles ($11,048) fine against an online film database owned by Yandex under the same law.

(Reuters) — Morgan Stanley (NYSE:MS) on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of 2024 with non-OPEC supply growing faster than demand next year.

₹1,200 crore investment led by Multiples Private Equity (PE) along with its co-investors including International Finance Corporation (IFC) to expand access to capital for India’s micro, small and medium enterprises.  The deal comprises of a primary issuance of Rs 400 crore and provides a part exit to early investors, British International Investment (BII) and Lok Capital, the lender and Multiples PE said in a statement.  While Multiples PE, along with co-investor World Bank’s private investment arm IFC and others, will be infusing ₹1,050 crore; Avendus Future Leaders Fund also participated in the transaction investing Rs 150 crore.  Veritas proposes to use the fresh capital to enter new markets and strengthen its new product lines, including affordable housing loans.  “The fresh capital raised will provide significant runway for growth, help deepen our existing offerings and expand into the affordable housing space. We strongly believe these partnerships will further catalyse our mission to serve the underserved," said D. Arulmany, MD & CEO of Veritas.

₹33,999. The second variant features 16GB of RAM and 256GB of storage, with a price tag of ₹37,999. The phone is expected to be widely available starting from July 15th.

Egypt: 9:00 PM France: 9:00 PM Israel: 10:00 PM Italy: 9:00 PM Morocco: 9:00 PM Norway: 9:00 PM Poland: 9:00 PM Portugal: 8:00 PM Saudi Arabia: 10:00 PM Serbia: 9:00 PM Spain: 9:00 PM Sweden: 9:00 PM Switzerland: 9:00 PM Ukraine: 10:00 PM United Arab Emirates: 11:00 PM United States: 3:00 PM (Eastern Time)

India, social media giant Meta has developed a video that will appear above the existing set of resources to better orient people to Meta's in-product crisis support resources. The video acknowledges the difficulty of experiencing acute distress and encourages people to seek support using tools available on Meta's apps as well as external partner resources in India.

Green blockchain initiative ecoterra is seeing massive adoption amongst sustainability-centric crypto investors. 

Rights and Risks Analysis Group (RRAG) in its submission to the Law Commission of India today stated that nothing has changed since the Law Commission’s Consultation Paper of 2018 in which it held that “uniform civil code which is neither necessary nor desirable at this stage” and any other contrary findings shall raise questions about integrity, independence and impartiality of the Law Commission. “The Uniform Civil Code shall require constitutional amendments, in particular, Article 13(3)(a) of the Constitution relating the status of “custom or usage having in the territory of India”, Article 371(a) of the Constitution of India providing guarantees for customary laws in Nagaland and Article 371(g) of the Constitution providing guarantees for customary laws in Mizoram.” – cautioned Suhas Chakma, Director of the RAAG.

Harry Potter Magic Awakened, a popular RPG with MMO elements, has been released globally. However, players in some regions are still not able to play the game.

A new range of Nord products — two smartphones and one earbud, has made its debut. Chinese consumer electronic goods giant OnePlus launched the new generation of Nord tech products through a live event, which was broadcasted on Wednesday (July 6) at 7:00 pm. The products include OnePlus Nord 3, OnePlus Nord CE3 5G, and OnePlus Nord Buds 2R. Here’s what you can expect from the new line of Nord products.

Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for leasing out 36,458.18 Sqm. of Railway Land at Naliapool Railway Colony Dibrugarh. The reserve price of the land is Rs 31 Crores.

₹5,863 per bbl, having swung between ₹5,795 and ₹5,895 per bbl during the session so far, compared to their previous close of ₹5,850 per bbl. Also Read: Asia refiner expects Saudi Arabia to cut August crude prices -Brent has dropped from $113 per barrel a year ago, sent lower on concerns of sluggish economic growth. However, both Saudi and Russia have been trying to raise oil prices with new output cuts.