Provident Financial News

Tripura is confronting a devastating HIV outbreak among its student population, driven largely by injectable drug use. According to officials from the Tripura State AIDS Control Society (TSACS), 828 students have tested positive for HIV, and 47 have tragically lost their lives due to the epidemic. Extent of the HIV Outbreak The crisis has spread across 220 schools and 24 colleges and universities in Tripura, where injectable drug abuse among students has facilitated the rapid transmission of HIV. TSACS officials have reported detecting five to seven new cases daily, underscoring the urgency of addressing the situation comprehensively.

Small businesses will launch over 3200 new products on Amazon across categories like home and kitchen, fashion and grooming, jewelry and handmade products on Prime Day on July 20 and 21 this year. A host of small businesses will be participating in the shopping event on Amazon. “During the two days of the event, sellers will not only get a massive boost in the visibility of their products and brands but also directly access Amazon’s vast customer base across India, spanning 100% of serviceable pin codes. Through such shopping events, our aim is to enable small and medium businesses to embrace the power of e-commerce and unlock new avenues for their success, fostering a vibrant online marketplace that contributes to the larger economic growth of India,” Amit Nanda, Director, Selling Partner Services, Amazon India said in a statement. Small and medium businesses can leverage a robust suite of tools and features available on Amazon to gear up for Prime Day 2024. A streamlined self-service registration process makes it easy for sellers to get started on the Amazon marketplace, with multi-language support, easy registration and invoicing. Sellers can use the Sale Event Planner to opt-in and offer great deals during Prime Day.

«There is enough competition in the telecom sector and the situation is not critical that requires intervention of the authorities. Consumers may feel some pinch of the price rise, but the hike has happened after three years,» one of the officials told ET, asking not to be named. India's three private telcoraised mobile tariffs by 11-25%, with the changes taking effect this week. As per analysts, this would increase the spending on telecom services in urban India to 2.8% of household expenditures in fiscal 2025 from 2.7% in FY24.

Dean Lorey, co-creator of the show, provided an update during an interview with The Direct, hinting that new episodes are just a few months away. Lorey stated, «I know it's before the end of the year. I don't remember the exact date yet, but I think it's in the next few months.» This news has alleviated concerns among fans who were worried about the timing of multiple entries in the animated universe this year.

The Associated Press says it will provide free campaign and election night coverage to dozens of small and independent newsrooms located in swing states, through a program funded by a Knight Foundation grant

7.7%to ₹1.74 trillion in June, which is the slowest pace growth since June 2021. The growth in May was 10%. The growth has been lucklustre in the past two months when compared to the average growth of 11.7% recorded in 2023-24.

UnTrade recently had the honor of participating in Mempool Reload, an exclusive event organized by our esteemed accelerator partner, Applicature. Held on May 30th and 31st, 2024, at the luxurious Atlantis, The Royal in Dubai, this premier gathering was designed to foster connections, share groundbreaking insights, and explore the future of blockchain and cryptocurrency. Ideated by Ian Arden and masterfully orchestrated by Gordon Einstein as the master of ceremony, Mempool Reload brought together prominent investors, family offices, entrepreneurs, and experts from around the globe.

About a quarter of senior executives in GCCs are from the IT services sector, according to a study conducted by staffing firm Xpheno. The report was shared exclusively with ET. According to the findings, there are about 120 top GCCs in India with some 21,000 senior executive roles, including those of vice-president, assistant vice-president, senior vice-president and director. These senior executives have a minimum experience of 15 years, and in the last one year, more than 100 have moved from an IT company to a GCC.

U.S. health officials have approved a new Alzheimer’s drug that can modestly slow the disease

Two years ago, tough economic conditions and geopolitics weakened financial markets, but 2023’s rebound has helped global net wealth rise, according to Boston Consulting Group.

Social media intermediaries have pointed to undoing behavioural tracking of children, verifiable parental consent (VPC) and targeted advertisements as the biggest concerns with the data law. The Rules for the Digital Personal Data Protection (DPDP) Act, which will provide teeth for enforcement of the law, are expected soon, and companies are hoping the government will address their concerns.

₹5,963 crore over the next five years. “While both Viacom18 and Disney Star are currently streaming sports for free on their OTT apps for mobile users, there might come a time when they would want to charge a subscription fee," said another broadcaster, also requesting anonymity.

interest rates are, it means different things to different people. Generally, the topic goes to where RBI sets interest rates (“kya lagta hi?”). Inflation and inflationary expectations will be discussed. More involved participants will look at where the 10Y Indian Government Bonds are trading. But as you come closer to the bond desk, the talk will move to the yield curve. So, the focus will be on which tenure security to take – referred to the point in the yield curve. This is because the shape of the yield curve constantly changes and provides opportunities to investors. Various strategies are adopted – barbell, bullet, on-the-run vs off-the run securities to try maximising returns/minimising pain. Now, the market has been divided into which part of the curve to remain focussed on, as the yield curve has flattened. Whether you take 1y Tbill or 30yGSEC, the rates are around 7%, give or take. The RBI repo rate as everyone knows, is 6.5% — the next move, we and the market believe, will be down, but the timing is not clear basis current inflationary dynamics. Some market participants therefore feel it is better to be in the shorter end (say 5Y) of the curve, as eventual rate cuts will result in curve to become steeper ie. 5Y yields will decline more than say a 15 year, but yet offer protection if the rates were to rise.

Bihar is planning to introduce a few policies in the next 2 months to attract capital in various potential sectors and is poised to become the growth engine of the East, State Industries and Tourism Minister Nitish Mishra has said. The state is implementing strategic measures to suit both large and small businesses in order to promote industry and employment, aligning with Prime Minister Narendra Modi's vision to develop East India as a growth engine, he said. «Bihar is ready to participate in the country's development and become the growth engine of the East,» Mishra said on the sidelines of Bihar Business Connect 2024 first roadshow in Kolkata on Monday. Over 50 companies represented by some nearly 90 officials and industrialists attended the event.

Polls have closed in the presidential election in Mauritania

NEW DELHI : The Centre may issue so-called composite licences to find and extract critical minerals, in effort to end the fragmented nature of licensing, and tempt mining giants which passed up the blocks that went on auction last year. Critical mineral auction is currently a two-step process. In the first step, exploration licences are auctioned, and the bidder agreeing to share the lowest amount with a future miner wins the licence.

Seattle inaugurated its new visa application centre on Friday. The facility will offer full visa and passport services to the greater Seattle area. Local leaders, including Seattle Mayor Bruce Harrell, Port Commissioner Sam Cho, and State Rep. Vandana Slatter, were among those who attended the event. Mayor Harrell presented the first Indian passport and visa to eager applicants, marking a special moment for the community.

NBCC has shown interest in taking over all the pending projects of real estate developer Supertech, which has been facing multiple cases from homebuyers over delayed deliveries besides an Enforcement Directorate investigation into alleged money laundering. During the insolvency proceedings of one of the group companies of Supertech, the interim resolution professional (IRP) had approached NBCC. NBCC has informed IRP and lender Union Bank of India that it is ready to take all the projects of Supertech, provided it is given complete access to the details of the projects and all the data related to them.

Narendra Modi on Thursday said that terrorism in any form or manifestation cannot be justified and called on the international community to isolate and expose the countries that harbour terrorists, provide safe havens and condone terrorism. External Affairs Minister S Jaishankar delivered these remarks on behalf of PM Modi at the Shanghai Cooperation Organisation being held under Kazakhstan's Presidency in Astana. Calling SCO a principle-based organization whose consensus drives the approach of its member states, PM Modi stated, «At this time, it is particularly noteworthy that we are reiterating mutual respect for sovereignty, independence, territorial integrity, equality, mutual benefit, non-interference in internal affairs, non-use of force or threat of use of force as a basis for our foreign policies. We have also agreed not to take any measures contrary to the principles of state sovereignty and territorial integrity.»

Stocks closed mixed on Wall Street after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on the Fed’s plans on when it might lower interest rates

Envestnet has confirmed that it will soon be purchased by Bain Capital and Reverence in what promises to be a seismic take-private deal.