Provident Financial News

Massachusetts Gov. Maura Healey has announced Friday that deals have been reached in principle to transition operations at four hospitals operated by Steward Health Care to new operators

Former President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire

NewEdge Wealth has planted another stake in the Sunshine State as it welcomes a breakaway team of advisors from Merrill Lynch.

bank tightened norms for non-bank lenders operating as peer-to-peer (P2P) lending platforms, barring them from selling insurance products that are in the form of credit enhancement and prohibiting P2P platform from providing any assurance or guarantee on the recovery of loans. The Reserve Bank of India (RBI) also directed non-banking finance companies (NBFC) to charge a fixed fee, which should not be linked to the borrower's repayment. The regulator also reiterated that the platform cannot provide credit guarantee. The banking regulator's master direction issued on Friday comes into force with immediate effect. Crowdfunding through the P2P platform connects individual lenders with borrowers to facilitate unsecured loans. There are 26 NBFCs-P2P registered with the RBI as of March 31, 2024.

Most banks and NBFC have maintained an LTV ratio of 60-65% despite regulatory requirement of 75% which gave them a cushion when gold prices fell after the import duty was lowered in the budget. “Early evidence of growth momentum is seen in the disbursements for June 2024, which were 12% higher than the average monthly disbursements in the preceding quarter,” said Ajit Velonie, Senior Director, Crisil Ratings.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Nest Seekers International chief economist Erin Sykes weighs in as high interest rates continue to hurt the housing market on 'The Bottom Line.'

Telecom operators, in their latest submission to sector regulator Trai, have unanimously demanded to bring over-the-top apps like WhatsApp, Signal and Telegram within the ambit of the licensing regime under the new Telecommunication Act. Reliance Jio, Bharti Airtel, Vodafone Idea and industry body COAI — in their comments on the consultation paper issued by Trai, seeking views on the framework for service authorisations to be granted under the Telecommunications Act, 2023 — have said that the calling and messaging apps should be brought under services to be provided through authorisation. «As per our understanding, OTT Communication services are covered under the new Telecom Act as an access service,» Telecom operators industry body COAI said in its submission to the Telecom Regulatory Authority of India (Trai). Reliance Jio said the definition of 'message' and 'telecommunication service' under the newly enacted Telecommunication Act, 2023, includes all forms of telecommunication services, including the communication services provided over the top using the platform, servers or switches hosted in the public internet.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

In Pershing Square Holding's (PSH) interim results published on Thursday (15 August), he said that since pulling the offer, the trust's discount has widened, after «substantially» narrowing during the IPO offer period. Although he did not provide any further details on the plans to revamp the US IPO, Ackman said the team is «limited in what we can share about these plans due to regulatory reasons», but will keep shareholders informed about the number of «strategic initiatives». Ackman's US IPO withdrawal casts doubt on lower performance fees for Pershing Square Holdings The launch ...

Best premium laptops in 2024: Top 8 models for reliable computing and high performance Enjoy an extraordinary audio experience with the Bose NEW QuietComfort Ultra Wireless Noise Cancelling Earbuds. These sophisticated black earbuds are equipped with advanced spatial audio technology, providing an immersive sound experience that positions music right before you.

Thinking of buying a home with the help of a real estate agent

The move marks the first time that the regulator has fined an audit firm. PwC experienced «significant issues» throughout a 2016 audit of LCF, as per an FCA update shared today (16 August). This included a senior individual at LCF acting aggressively towards auditors and the firm providing PwC with misleading and inaccurate information. The audit proved complex and took «considerably longer» than expected to complete, the regulator said. FCA censures London Capital & Finance over mini-bond promotion «LCF's actions, and PwC's own work on the audit, led PwC to suspect that LCF mig...

CBI that a few interns and physicians of the same medical establishment were involved in the crime, an officer said on Friday. The parents also provided the central agency, which is conducting the probe into the case on an order of the Calcutta High Court, with names of those who they suspect to be associated with their daughter's killing in the state-run hospital. «The parents told us that they suspect the involvement of multiple persons behind the sexual assault and murder of their daughter. They have given us names of a few interns and doctors working with their daughter at the RG Kar Hospital,» the CBI officer said.

Orient Technologies has announced a price band of Rs 195-206 for its IPO, which will open for subscription on August 21 and close on August 23. The company plans to raise Rs 215 crore through the IPO, which includes a fresh equity sale of Rs 120 crore and an offer for sale (OFS) of 46 lakh shares.

₹5 trillion has been detected, and of this, ₹1.2 trillion has been paid voluntarily by the assesses," the first person said. A large chunk of the total tax evasion detected—about ₹1 trillion—accounts for using fake input tax credits, said the person. The value of the taxable sales in these cases would be significantly higher than ₹5 trillion as GST is levied only as a percentage of the sale value.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

The promising project, Mira Coral Bay consists of diverse properties created in partnership with several renowned lifestyle brands. The collaboration with Mira Developments displays a key achievement for Marjan’s subsidiary, the RAK Dredging Company, as it transforms Al Mairid into a distinctive destination with top-tier infrastructure, supporting Ras Al Khaimah’s ambition to become a premier tourism and investment hub in the region. Talking about the project, Arch.

RBL Bank RBL Bank has launched a special fixed deposit termed as 'Vijay Fixed Deposits'. This limited-time offer honors the bravery and sacrifices of India’s warriors offering significant financial rewards. The 'Vijay Fixed Deposits', has been designed to show appreciation for our military men, an RBL bank press release stated.

With countless options available, selecting the right one can be daunting. To simplify your decision, we've curated a list of the 11 must-have wooden chopping boards that every kitchen should have. These boards offer not only exceptional performance but also add a touch of elegance to your kitchen countertop. From chopping vegetables to carving meats, these boards are designed to provide a reliable and stylish foundation for all your culinary creations.

Cryptocurrency exchange Bybit has registered as a virtual asset service provider (VASP) and card operator with the Financial Information Unit (FIU) in Argentina.