Provident Financial News

Amy Graf is a data engineer at UBS’s London office. She joined the firm’s internal finance team in 2006 and is currently part of the global development of a new platform for regulatory reporting, within the Group Operations and Technology Office.

According to ETFGI's monthly report, active ETFs gathered net inflows of $27.5bn in May alone, bringing the total value since January to $125.1bn globally. Debunking the passive myth: active engagement in ETFs At the end of May, there were 2,612 active ETFs with a total of 3,246 listings globally and $889bn worth of assets. In addition, there were 449 providers listed on 37 exchanges in 29 countries. Net inflows for active equity-focused ETFs reached $16.3bn in May, bringing the year-to-date total to $74.3bn, surpassing the $41bn reached in 2023 overall. Meanwhile, actively mana...

Brain cancer and tumor related cases are on the rise across the United Kingdom (UK) and it is also a deadly type of cancer which is infecting children and adults under the age of 40- years. It has been estimated that every year there are around 12,000 cases detected in the UK and only one in 10 people survive until the next decade. However, according to experts, there are certain methods which can help people reduce their chances of getting diagnosed with brain cancer. They are some life style changes. This has been reported by the Mirror. There are four methods of achieving this. Fresh air and exercise:

The global crypto market cap is currently at $2.36 trillion, with a total volume of $95 billion traded during the last 24 hours, as per CoinMarketCap report. The surge in cryptocurrency market growth is attributed to recent approvals of Bitcoin ETFs in various countries, as well as Ethereum ETFs approved by the US SEC.

The freeware Polygon Chain Development Kit (CDK) enables simple building and implementation of Ethereum Layer 2 networks based on Zero-knowledge (ZK) technology. Supernet idea is continued and existing Layer 1 networks are helped to move to Layer 2.

Morgan Stanley is facing a class-action lawsuit alleging that it breached its fiduciary duty by offering unreasonably low interest rates on client cash sweep accounts.

tax rebate for salaried class and restoration of the old pension scheme are some of the key demands made by trade union leaders during a pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday. The unions also asked the government to stop the privatisation drive of PSUs, scrap the new pension scheme and restore the old pension scheme (OPS). «The ceiling limit for the income tax rebate for the salaried class on their salary and gratuity must be substantially raised. Government-sponsored social security fund for the unorganised workers and agricultural workers has to be set up to provide them with defined universal social security schemes including minimum pension of Rs 9,000 per month and other medical, educational benefits,» the CTUs said in their memorandum.

India is set to host the International Sugar Organization (ISO) Council Meeting from June 25-27, in the national capital, bringing together delegates from over 30 countries to discuss critical issues in the sugar and biofuel sectors. As the world's largest consumer and second-largest producer of sugar, India has been nominated to chair the ISO for 2024, an official statement said. The event kicked off with an industrial tour to a grain-based distillery in Muzaffarnagar, Uttar Pradesh, on June 24, demonstrating India's adoption of cutting-edge technology in biofuel production. The main proceedings begin on June 25 with a workshop titled «Sugar and Biofuels — Emerging Vistas» at Bharat Mandapam, to be inaugurated by Union Minister for Food as well as New & Renewable Energy Pralhad Joshi.

What’s the best way to pay for your SIPs – UPI Autopay or eNACH? Your choice matters as the two methods have different functionality and register your SIPs in different ways. 

Charles Schwab’s division that focuses on increasing giving in the U.S. has reached a milestone 25 year anniversary – and is changing its name.

Bata has appointed Meeru Gupta as general counsel and head of legal. An alumnus of Delhi University, Gupta had served previously as Varun Beverages – RJ Corporation, where she led the legal practice, formulated litigation strategies and managed cross-border acquisitions. Over two decades veteran Gupta started her career with Reliance Energy (BSES Rajdhani Power Ltd.) in 2004. Subsequently, she joined Philips India as manager in its legal department in 2008 and rose to became director Legal and Compliance. At Philips India, she was instrumental in key decision-making processes across the Lighting, Consumer Lifestyle, and Healthcare divisions, said the company in its statement.

Security researchers have successfully cracked the password to recover over $3 million worth of Bitcoin that had been trapped in a crypto wallet for 11 years.

CoinStats, a leading crypto portfolio tracker trusted by over 1 million users globally, is proud to announce a major update to its platform, introducing the industry’s most precise profit and loss (P/L) analysis. This enhancement reflects CoinStats’ ongoing commitment to equipping users with superior tools for managing their cryptocurrency investments.

The recent backlash faced by the financial services platform Groww serves as a stark reminder of the potential risks associated with digital investment platforms.

Investing in the stock market can be both rewarding and challenging. Investors often face the dilemma of choosing between active funds and index funds. While index funds offer simplicity and low fees, active funds provide a dynamic approach that can be particularly advantageous during market corrections. 

According to the provisional payroll data released by the Employees' Provident Fund Organisation (EPFO) in June 2024, April 2024 saw 8.87 lakh new members registering. This surge indicates a notable rise in membership compared to earlier months, suggesting a positive trend in job opportunities.

Passport Seva Divas emphasised that the ministry has rendered 1.65 crore passport-related services to Indian citizens in 2023 and over 14 lakh visa applications were submitted monthly. Extending his greetings to all passport authorities in India and abroad, Jaishankar said that the Ministry of External Affairs, along with the Central Passport Organisation, has been marking this occasion and renewing our commitment to provide passport and related services to citizens of India in a timely, reliable, accessible, transparent and efficient manner. «It gives me great pleasure to join all our passport-issuing authorities in India and abroad on the occasion of the 12th Passport Seva Divas,» he said in a post on X.

Punjab farmers have also reiterated their demand for farm debt waiver from the central government. The Telangana government has said that the scheme is set to benefit nearly 40 lakh farmers. However, it has stated that the farm loans provide temporary relief to farmers and is not a long-term solution to agrarian distress. With Telangana government waiving farm loan, Punjab farmers have sought a similar demand.

eInfochips, an Arrow Electronics company, a provider of product engineering and digital transformation services, announced that two of its client engagements have been recognised as Standout Case Studies by ISG, in the energy and healthcare, and life sciences categories within the North American region. According to a statement, eInfochips was recognised for its contribution to the development of ELSA, a “Brilliant Assistant” smart surgical display platform designed to streamline workflows and integrate AI into operating rooms. ELSA has delivered significant value, with the client SoftAcuity, a medical technology provider, estimating a tenfold increase in ROI, highlighting the transformative impact of this solution. According to ISG, this case study showcases collaborative new product development driven by specialised technological and engineering expertise.

The price of Ether could experience a significant drop to as low as $2,400 following the launch of spot Ether exchange-traded funds (ETFs), representing a nearly 30% fall from its current price.

Earlier this year, the US bureau of labour statistics landed in an unusual controversy. An email sent to a group of ‘super users’ about methodological tweaks in inflation calculations for the month of January found its way to the press. Since the group of super users included leading investment banks and hedge funds, it raised suspicions about the agency sharing market-sensitive information with a closed group.