Provident Financial News

The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of properties on the market this spring homebuying season

A new proposal from California regulators would change how power companies calculate their customer's bills

Georgia lawmakers have agreed to change a state law so that a private utility can provide water service to homes near Hyundai's upcoming electric vehicle plant without permission from local governments

Walgreens lost nearly $6 billion in its second quarter mainly due to a drop in value for the VillageMD clinic business it controls

Ascensus is looking to solidify its market-leading status in the retirement savings sector through an agreement with Mutual of Omaha. The companies announced Thursday that Ascensus, one of the top third-party administrators and group retirement savings program providers, is acquiring the insurer’s 401(k) record-keeping business.

IPL) has smashed TV and streaming records, with both Star Sports and JioCinema recording strong viewership growth on the opening day. Chennai Super Kings trounced Royal Challengers Bangalore by six wickets on the opening day (March 22), which was preceded by a star-studded opening ceremony. According to an official statement issued by Disney Star, the opening day of the IPL attracted 168 million unique TV viewers, registering a watch-time of 12.76 billion minutes, which is the highest ever for the opening day in the tournament's history. The opening day on March 22 also witnessed the highest-ever peak TV concurrency of 61 million viewers. Disney Star, which is the official broadcaster of the IPL, is airing the matches on the Star Sports network. “This growth is a reaffirmation of the incomparable capacity of live cricket to aggregate audiences on TV and provides a blockbuster start to tournament. We will continue to enrich the magic of one of the world’s biggest sporting events to take forward the launch momentum and deliver unprecedented viewership,” a Star Sports spokesperson said.

Deliberations of the 16th Finance Commission (FC) are now proceeding in earnest. The appointment of the full commission only by the end of January has left it with just 19 months until end October 2025 to complete its work and submit its recommendations, well short of the full two years or so that is usually available. Fortunately, its terms of reference have been limited to the core issues mandated by the Constitution.

Arvind Sahay, Director of MDI Gurgaon shared the report on the institution's accomplishments and its vision for the future. “MDI Gurgaon's Convocation 2024 was a moment of pride and accomplishment for our institution. As we bid farewell to our graduating class, we reflect on their growth, learning, and the journey.

First Ambani-Adani pact: RIL picks 26% stake in Adani Power's MP project; deal pegged at ₹50 crore between rival firms For the full fiscal year 2022-23, Swiggy made a loss of 41.8 billion rupee ($500 million), according to the document. But the company's lower wage payouts and cuts in marketing spending will help it trim losses for the full year 2023-24, a source with direct knowledge of the matter said, without wishing to be identified.

Zap Clash ($ZC) is a game that combines meme characters with card gameplay, blending to create an enticing gaming experience. The project offers generous community rewards and provides a 369% annual percentage yield (APY) on staking on the first stage, and reducing throughout 9 stages, yet still guaranteeing at least 130% at the last stage.

Sanlam Life Insurance — one of the promoters of Shriram Finance — on Thursday offloaded shares for Rs 1,427 crore through an open market transaction. Shriram Finance is one of the country's biggest retail non-banking financial companies (NBFCs) offering credit solutions for commercial vehicles, two-wheeler loans, and car loans. According to the block deal data available with the National Stock Exchange (NSE), Sanlam Life Insurance Ltd sold 59.80 lakh shares, amounting to a 1.6 per cent stake of the company.

₹2.5 crore every month, Jitendra Jagadev, co-founder and chief executive officer (CEO) of HelloWorld and NestAway, said. HelloWorld, which was operating 7,400 beds pre-acquisition, manages around 15,000 beds today. Nestaway has scaled to 20,000 rental units from 15,000 units.

Financially embattled hospital operator Steward Health Care has struck a deal to sell its nationwide physician network to Optum, a subsidiary of UnitedHealth Group, as it works to stabilize its finances

Amazon says it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion

Home Depot is buying SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion

Artificial intelligence is making it easier for fraudsters to carry out more sophisticated attacks on financial firms, the Treasury Department said in a report Wednesday. 

B. Riley Financial Inc., the boutique investment bank facing questions about its dealings with a former business partner, gained extra time from lenders to provide its audited 2023 financial statements. 

₹50,000 monthly rent for the two-bedroom house in Domlur, Bengaluru—It’s been a home for the last more than seven years. Singh’s investing style is also reflective of the mindset shift that millennials have been through: From the ‘gold and real estate’ fixation of the previous generations to the obsession with the ‘click of a button’ stock market trading that emerged after the pandemic. Singh, though, is not new to the markets.

Reduced interest rates: If market interest rates have significantly decreased since the time you secured your original loan, refinancing could allow you to benefit from a lower interest rate. Improved credit score: If your credit score has improved since the time you initially obtained the loan, you may qualify for more favourable terms. Change in financial situation: A positive change in your financial situation, such as an increase in income or reduction in debt, could make you eligible for better loan terms.

“Every boardroom is discussing how to responsibly harness artificial intelligence today. AI is a boon if rightly trained and used." He added that marrying AI with open source will unlock a new technological paradigm. Open-source technologies offer a foundation for building and deploying AI solutions.

MUMBAI : TPG-backed online lending platform Fibe, formerly EarlySalary, is looking to secure a new funding round, comprising both primary and secondary capital, said three people in the know. TR Capital, a global fund specializing in secondary investments, is expected to lead the round, acquiring full or partial stakes from the company's existing investors, the people added, seeking anonymity. “The round is likely to be a secondary transaction.