Provident Financial News

Aadhar Housing Finance IPO Day 3: The initial Public Offering (IPO) of Aadhar Housing Finance Limited hit the Indian primary market on 8th May 2024 and bidding for this public issue will end today evening. This means investors have just one day in hand to apply for the public offer. The company has fixed Aadhar Housing Finance IPO price band at ₹300 to ₹315 per equity share.

OpenAI has been developing a search tool aimed at competing not only with Alphabet’s Google but also with Perplexity, a promising AI search startup. This new venture is expected to enhance the capabilities of OpenAI's ChatGPT, allowing it to fetch real-time information from the web and include citations in its responses, the report added. OpenAI declined to comment on the upcoming announcement, Reuters reported.

Stock market today: Following weak global sentiments, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index crashed 345 points and closed below the 22,000 mark at 21,957. The BSE Sensex tanked 1062 points and finished at 72,404, while the Bank Nifty index, which tracks the performance of the banking sector, nosedived 533 points and ended at a 47,487 level.

NEW DELHI : The multi-billion-dollar direct selling industry has now come in the crosshairs of the central government, with the department of consumer affairs (DoCA) planning to scrutinize their regulatory compliances and prepare a list of rule violators, three people aware of the matter said. Several measures are also being put in place to increase vigilance against violation of direct selling rules and other unscrupulous practices by the fast-growing industry, the people added.

Chartered accountants (CAs) are increasingly facing stiff competition from STEM graduates in getting into consulting firms that are becoming heavily dependent on technology for client service and regulatory compliances, said industry executives. STEM refers to science, technology, engineering and mathematics.

Maldives anti-India stance: It shouldn't have been done, says FM Moosa Zameer The foreign ministers of India and Maldives met in New Delhi on Thursday. Indian External Affairs Minister Subrahmanyam Jaishankar told his Maldives counterpart, Moosa Zameer, that India has been a key provider of development assistance, including infrastructure projects, medical care, and health facilities. "It is in our common interest that we reach an understanding on how best we can take our relationship forward," a statement by India's External Affairs Ministry quoted Jaishankar as saying.

Buy or sell stocks for today: Following weak global sentiments, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index, which represents the performance of the top 50 companies listed on the National Stock Exchange (NSE), crashed 345 points and closed below the 22,000 mark at 21,957. The BSE Sensex, the benchmark index of the Bombay Stock Exchange (BSE), tanked 1062 points and finished at 72,404, while the Bank Nifty index, which tracks the performance of the banking sector, nosedived 533 points and ended at a 47,487 level.

Gurpatwant Singh Pannun is an ongoing legal matter, the US State Department said it «won't speak» until «allegations are proved» before a jury. Gurpatwant Singh Pannun is an India-designated terrorist who holds American and Canadian citizenship.

«I understand the importance of renewable energy and thought that everyone should adopt it,» said Narayan, 60, whose action inspired many others to do the same in the capital of Madhya Pradesh state in central India. Now, a new government scheme — unveiled before voting began in nationwide elections in April — aims to encourage more people to install solar panels on their roofs as part of India's commitment to triple renewable capacity by 2030.

Palestinian civilians. A senior U.S. official said this week that the administration had reviewed the delivery of weapons that Israel might use for a major invasion of Rafah, a southern Gaza city where over 1 million civilians have sought refuge, and as a result paused a shipment of bombs to Israel. Washington has long urged Prime Minister Benjamin Netanyahu's government not to invade Rafah without safeguards for civilians, seven months into a war that has devastated Gaza.

AlTi Tiedemann Global, a global wealth management firm with assets exceeding $70 billion, is stepping further into the US wealth space with a hefty acquisition.

acquisition activities, with several small and midsize firms announcing deals in the past four months in segments ranging from consulting and startups to engineering services, data and analytics. Most of them are making acquisitions to strengthen their capabilities so that they do not miss out when the demand for technology spending, especially in discretionary projects, returns, say analysts. Big IT firms such as Infosys, HCLTech, Wipro and Cognizant too have announced M&A deals in recent months, but the numbers were fewer compared with their smaller rivals.

Fintech startup Zeta, which builds technology backend for banks, has launched a new stack to support credit line-based transactions on Unified Payments Interface (UPI). Zeta cofounder Bhavin Turakhia expects credit disbursals on UPI to touch a trillion dollars by 2030, and Zeta wants to process 50% of those transactions, he told ET. The firm will work as a technology service provider (TSP) for financial institutions.

Indian studios working on complex games that require heavy investments — so far the sole domain of international publishers like Krafton and Garena — are seeing increased interest from investors, helped in part by fast-maturing consumer and talent cohorts. These studios are working on midcore and hardcore games, which generally have higher complexity compared to casual games like Ludo and require a higher level of involvement and time commitment from the player. In India, the most popular games in this genre — like Battlegrounds Mobile India (BGMI), FreeFire, Call of Duty and Fortnite — are all from international publishers such as Krafton, Garena, Riot Games and Epic Games. Such games are often rated AA or AAA, which signifies their high development and marketing values.

To commemorate the 25th anniversary of His Majesty Otumfuo Osei Tutu II’s reign, Ghana Post launched a collection of “Crypto stamps” linked to non-fungible tokens (NFTs) on May 9. The initiative blends Ghanaian cultural heritage with cutting-edge blockchain technology, offering a unique way to celebrate the King’s Silver Jubilee.

Army officers, led by Eastern Command chief Lt. Gen R.C. Tiwari, met Manipur Governor Anusuiya Uikey on Thursday to discuss the security situation in the state, which has been affected by ethnic violence. A Raj Bhavan official stated that the Army officials highlighted the security preparedness of the Army and Assam Rifles to handle any contingencies in the state. They also emphasized various measures undertaken to ensure the safety of the populace. The Army officials mentioned the relief activities initiated to aid displaced families across different parts of the state. Additionally, they informed the Governor that the Army is committed to preserving peace and stability in the northeastern region, especially in Manipur.

Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes

Senegal’s transport minister says a Boeing 737 plane carrying 85 people caught fire and skidded off a runway at an airport near the country's capital, Dakar, and that 10 people were injured

TikTok says it’s going to start automatically labeling content that’s made by artificial intelligence when it’s uploaded from certain platforms

gene therapy trial, a British girl's ears were cured miraculously. Born deaf due to auditory neuropathy, a phenomenon that disrupts nerve impulses from the ear to the brain, the girl named Opal Sandy had her hearing restored after taking part in clinical trials that focused on gene therapy.