Provident Financial News
22.05 / 07:01
COST
Provident
Action
Election
President
War
Department
Biden releasing 1M barrels of gasoline from Northeast reserve in bid to lower prices
The sale will be allocated in increments of 100,000 barrels at a time.
22.05 / 06:53
markets
Blockchain
Provident
Digital
community
Trade
reports
TrueUSD (TUSD) zero-fee trading campaign on Bitci amid Turkish stablecoin adoption surge
TrueUSD (TUSD) has joined efforts with Bitci to offer various stablecoin campaigns, including a zero-fee trading campaign that offers users an opportunity to trade TUSD without fees.
22.05 / 05:37
Provident
Waters
Action
security
Remark
consequences
innovations
Remain focused on being combat ready at all times: Navy chief to officers
Indian Navy must remain combat ready at all times to safeguard national maritime interests, Navy Chief Admiral Dinesh K Tripathi has said amid China's increasing forays into the Indian Ocean and volatile situation in the Red Sea. In an address to officers posted at the naval headquarters here, he delved into the current security environment in the strategic waters and consequent actions required by the Navy. He emphasised that as the primary manifestation of India's maritime power, the «raison d'etre of Indian Navy is to remain combat ready at all times to safeguard national maritime interests anytime, anywhere, anyhow». In his remarks to the officers on Tuesday, the Navy chief reiterated the unwavering commitment of the Indian Navy towards the government's Aatma Nirbharta (self-reliance) initiative.
22.05 / 05:05
COST
Provident
security
prevention
strain
Schools
Buying a home in your 40s? Here are 4 key things to keep in mind
Basic Home Loan said, “When purchasing a house in India at 40, securing a home loan is often necessary. It's crucial to consider several factors. Firstly, evaluate your financial stability.
22.05 / 05:05
markets
IPO
Provident
security
Enterprise
wellness
recommendations
Awfis Space Solutions IPO opens today. Check GMP, subscription status, should you subscribe
₹364 to ₹383 per share. The IPO lot size is 39 shares and the minimum investment amount required by retail investors is ₹14,937. At the upper end of the price band Awfis Space IPO size is worth ₹598.93 crore, which comprises a combination of fresh issue of 33 lakh equity shares aggregating to ₹128 crore and an offer for sale (OFS) component of 1.23 crore shares aggregating to ₹470.93 crore.
22.05 / 05:05
UPS
Provident
Williams
Action
information
Courts
US bankruptcy court pulls up Byju’s co-founder Riju Ravindran for concealing $533 mn
This compounds the problems for the company that was once valued at $22 billion and has been reeling under several legal cases filed against it by its key global investors, vendors and bondholders. A company spokesperson did not immediately respond to queries from Mint. The ruling comes after a year-long legal battle between Think & Learn, the parent company of Byju’s and the group of bondholders holding term loan B bonds.
22.05 / 05:05
markets
Provident
Gap
Enterprise
Research
information
rowing
From RAGs to vectors: How businesses are customizing AI models
Large language models, which are the AI algorithms that power chatbots like ChatGPT, are powerful because they are trained on enormous amounts of publicly available data from the internet. While they are capable of summarizing, creating, predicting, translating and synthesizing text and other content, they can only do so on the data they have been trained on, at a specific point in time.
22.05 / 04:13
22.05 / 02:25
markets
Provident
security
Analysis
Research
Trade
recommendations
Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 22
Sensex fell 52.63 points to close at 73,953.31, while the Nifty 50 settled 27.05 points, or 0.12%, higher at 22,529.05. Nifty 50 formed a bullish engulfing candlestick pattern with good volume on the daily chart, indicating strength in the index. Also Read: Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US Fed to oil prices “On the 15-minutes chart, we can observe that the Nifty is now consolidating in a range between the 22,400 - 22,600 levels for the last two trading sessions.
21.05 / 23:49
Provident
Digital
USDT
innovations
Alchemy Pay preps Web3 digital banking
The Web3 Digital Bank initiative is designed to solve the problems that Web3 firms face in managing cross-border payments and transactions between fiat and crypto currencies.
21.05 / 22:35
21.05 / 22:35
21.05 / 22:35
Provident
CEO
security
Department
rights
Interviews
Editorial
NOT
Focus on outcomes, not mythical legal jargon, says Finseca CEO
If the final version of the Retirement Security Rule stoked the fire within Marc Cadin, the CEO of Finseca, the subsequent InvestmentNews editorial fanned the flames.
21.05 / 18:09
markets
Provident
Google
Strategy
Software
track
Updates
Build 2024: Microsoft introduces Team Copilot and updates on Azure Cobalt 100
Team Copilot will function as a meeting assistant, capable of taking notes, summarizing key points, and tracking deadlines. This AI tool is set to be available to corporate customers later this year, as revealed on the first day of Build, Microsoft’s annual developer conference. Microsoft has positioned itself as a leader in the field of generative artificial intelligence, known for generating and summarizing text and images.
21.05 / 18:09
markets
IPO
Provident
Booking
security
band
information
Awfis Space Solutions IPO: Workspace provider raises ₹268.61 crore from anchor investors ahead of IPO
₹268.61 crore in an anchor book round a day before its initial public offerings (IPO) open for subscription. According to the exchange filing, the company allocated 70,13,483 shares to 32 anchor investors at the upper price band of ₹383 per equity share. “The IPO Committee of the Company at its meeting held on May 21, 2024, in consultation with the Book Running Lead Managers to the Offer, has finalized allocation of 70,13,483 Equity Shares, to Anchor Investors at Anchor Investor allocation price of ₹ 383/- per Equity Share (including share premium of ₹ 373/- per Equity Share)," The company further informed that 53.53 per cent of the total allocation to anchor investors were allocated to 12 domestic mutual funds.
21.05 / 17:27
Provident
Man
Extreme
Airlines
Boeing
hospital
information
3 Indians among passengers aboard Singapore Airlines flight hit by 'sudden extreme turbulence'
Singapore Airlines flight that encountered a «sudden extreme turbulence» over the Irrawaddy Basin at 37,000 feet, the flag carrier of Singapore said on Tuesday. The traumatic incident in which the aircraft descended 6,000 feet in about three minutes, left a 73-year-old British man dead and more than two dozen other passengers injured. The British man, who was not yet identified, «likely» died from a heart attack, the General Manager of Suvarnabhumi Airport Kittipong Kittikachorn said.
21.05 / 17:27
UPS
Provident
wellness
track
reports
Eris Lifesciences Q4 Results: Net profit jumps over 29% to Rs 80 crore
Eris Lifesciences on Tuesday reported 29.5% jump in net profit to Rs 80 crore in Q4FY24 led by growth in sales of the domestic formulation business. The Ahmedabad-based drug maker reported net profit of Rs 61.5 crore during the corresponding quarter of the previous year.
21.05 / 17:27
UPS
IPO
Provident
SUN
wellness
band
Ahead of IPO, Awfis Space Solutions garners Rs 268 crore from anchor investors
Awfis Space Solutions Ltd on Tuesday said it has mobilised a little over Rs 268 crore from anchor investors a day before its initial share-sale opening for public subscription. The company has allotted 70.13 lakh equity shares to 32 funds at Rs 383 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website. At this price, the firm has collected Rs 268.61 crore, it added.
21.05 / 17:27
Provident
Waters
DiRT
blues
innovations
prevention
Features
10 Best Spin Mops in India to Simplify your Home Cleaning Regimen
These innovative cleaning devices offer a range of benefits, from superior dirt removal and ergonomic design to efficient water wringing capabilities. By choosing a good spin mop for your needs, you can enjoy cleaner floors with less effort and time expended. In this article, we'll explore some of the best spin mops on the market, highlighting their features, and advantages.
21.05 / 17:27
21.05 / 17:01
Provident
Strategy
Active allocation fails to outperform in more than 85% of multi-asset funds
According to the firm, in a study of 160 muti-asset strategies within the IA Mixed Investments 40-85% Shares sector, less than 15% managed to outperform a standard global equity index over the ten years to March 2024. The results were slightly more positive when considering a benchmark with a UK bias, where almost 20% provided greater returns than the index. As a result, Fundhouse argued that in over 80% of cases «it would have been better to have done nothing, rather than something», when referring to active allocation. How is potential central bank monetary policy divergence affe...
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