Provident Financial News

Shares are mixed in Asia after China's premier said the country's target for economic growth this year is around 5%, in line with expectations

Federal regulators say they have found multiple instances in which Boeing and its key supplier lack adequate measures to control for quality in the manufacturing of jetliners

China’s economic growth target for this year is around 5%, in line with last year’s performance despite forecasts for a slowdown

The race to build the smartest artificial intelligence chatbot completed another lap Monday when startup Anthropic unveiled a new AI model it says is more than advanced than those before it

CARS24's wholly-owned subsidiary, CARS 24 Financial Services, on Tuesday announced a strategic partnership with Credgenics to facilitate a digital-first approach in the business. The company said that the objective behind the move is to «streamline the car ownership experience for customers by introducing innovative solutions powered by cutting-edge technology, ensuring a hassle-free journey.» «Credgenic's SaaS based platform at CARS24 Financial Services provides data insights backed strategy recommendations, facilitates a digital-first approach and automates customer communications across multiple channels for collections. The integrated platform includes various modules that cover the end-to-end collections lifecycle and enables the team at CARS24 Financial Services to drive higher operational efficiency, provide personalized service to customers and scale operations rapidly at ease,» said the company in a release.

2024 Oscar nominations announced: See the full list here Best Picture: American Fiction Anatomy of a Fall Barbie The Holdovers Killers of the Flower Moon Maestro Oppenheimer Past Lives Poor Things The Zone of Interest Other categories include Best Actor in a Leading Role, Best Actor in a Supporting Role, Best Actress in a Leading Role, Best Actress in a Supporting Role, Best Direction, Best Animated Feature Film, Best Adapted Screenplay, Best Original Screenplay, Best Cinematography, Best Costume Design, Best Documentary Feature Film, and Best Documentary Short Film. Annette Bening for "Nyad" Lily Gladstone for "Killers of the Flower Moon" Sandra Hüller for "Anatomy of a Fall" Carey Mulligan for "Maestro" Emma Stone for “Poor Things"The nominees for Best Cinematography are: "El Conde" – Cinematography by Edward Lachman "Killers of the Flower Moon" – Cinematography by Rodrigo Prieto "Maestro" – Cinematography by Matthew Libatique "Oppenheimer" – Cinematography by Hoyte van Hoytema "Poor Things" – Cinematography not provided.

₹478.50 on Tuesday after the Reserve Bank of India (RBI) barred IIFL Finance from sanctioning and disbursing gold loans with immediate effect on certain material supervisory concerns. "The Reserve Bank of India, in the exercise of its powers under Section 45L(1)(b) of the Reserve Bank of India Act, 1934, directed IIFL Finance Ltd to cease and desist, with immediate effect, from sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans," the RBI said in a press release.

Gurugram restaurant following dinner. According to a complaint lodged by a Greater Noida resident, he dined with his wife and four friends at a restaurant in Sector 90 on Saturday. Subsequently, a waiter presented them with mouth freshener, which five of them consumed. Soon after, their health rapidly deteriorated, prompting their transfer to a hospital. The complainant said he consulted a doctor who identified the substance in the mouth freshener as dry ice, an acid potentially fatal upon ingestion. The complainant reported the incident to the police. After having the mouth freshner, the group experienced mouth burns, bleeding, and vomiting. Four of them required hospitalization. Following the complaint, an FIR was lodged under IPC sections 328 (poisonous substances causing harm) and 120-B (criminal conspiracy) at Kherki Daula police station. A waitress has been charged with criminal conspiracy and causing harm by poisoning after a group of patrons suffered mouth injuries from dry ice served as mouth freshener at a restaurant in Sector 90. Last Saturday, three couples visited the restaurant to celebrate a birthday. After their meal, the waitress offered them what she claimed to be mouth fresheners, but instead served dry ice granules, causing burns to their tongues and palates, confirmed by police and the restaurant, a TOI report said.

Insolvency and Bankruptcy Code (IBC) has emerged as a pivotal tool in India's quest to bolster its attractiveness to global investors. By streamlining the process of resolving insolvency cases, the IBC not only facilitates the efficient allocation of capital but also instils confidence in investors regarding the robustness of India's legal and regulatory framework. The Supreme Court recently noted that the principle aims of the IBC are to promote investment, and resolution of insolvencies of corporate persons, firms, and individuals in a time bound manner. The IBC consolidated and amended a web of laws which had led to an ineffective and inefficient mechanism for resolution of insolvencies marked with significant delays. One of the key aspects that enhances India's global appeal is the IBC's provision for cross-border insolvency cases. The Insolvency and Bankruptcy Code contains provisions enabling cross-border insolvency cases through bilateral agreements and the issuance of letters of request to foreign courts by Adjudicating Authorities (AAs) under section 234 and section 235. Through bilateral agreements and the issuance of letters of request to foreign courts, the IBC enables seamless resolution of insolvency cases involving international stakeholders. This aspect is particularly significant in today's interconnected global economy, where businesses operate across borders, and investment flows transcend geographical boundaries.

Karthik Sankaran, CEO of Hubali-based startup incubator Deshpande Startups. The startup ecosystem has a great future but the success rate seen in the agriculture space has been comparatively lower, he says. Sankaran, a semiconductor technologist, laments that India doesn’t have a single unicorn in the agriculture space. During an interaction with ET, Sankaran explains how Deshpande Startups aims to enable startups that solve problems for semi-urban and rural India. Edited excerpts: The Economic Times (ET): How is it to head a startup incubator that mainly aims to help companies which focus on rural areas?

In the consumption theme, Siddhant Chhabria, Fund Manager at Mirae Asset Investment Manager, says he is overweight consumer discretionary, new-age and building materials. “We are also bullish on real estate upcycle and believe building materials is the best proxy to play the upcycle. New age businesses provide a longer runway for growth and most of these companies are now pivoting towards profitability,” he says. Edited excerpts from a chat: What are your key observations from the Household Consumption Expenditure Survey, especially given there has been a slowdown in the sector? Siddhant Chhabria: As per the Household Consumption Expenditure Survey 2012-23, there are 3 key takeaways:

Central Asia got an unique opportunity to get themselves acquainted with state of art IT training. More than 1,000 young people from Central Asian countries completed the Google Cloud and Machine Learning training program in Almaty recently. As a result, 20 students were offered an internship at the Kazakh-British Technical University (KBTU), according to the press service of Google Developer Groups (GDG) Cloud Almaty.

Jharkhand Police has handed over a compensation of Rs 10 lakhs to the husband of a Spanish woman who was allegedly gang-raped in Dumka on Friday. According to the police, the Spanish woman was gang-raped in Hansdiha police station limits when she was en route to Nepal from West Bengal. «We did a fast investigation and from the side of district administration, we are providing all the help to them (rape survivor and husband). Under the victim compensation scheme, we have given them Rs 10 lakh. We will try for a speedy trial and conviction of the accused,» Anjaneyulu Dodde, Deputy Commissioner, said on Monday.

dollar-pegged stablecoins issued by Tether has crossed $100 billion, the crypto company said on its website on Monday. Tether issues a stablecoin which is designed to maintain a constant value of $1. It is widely used as a way of moving money in cryptocurrency without being exposed to price swings in other cryptocurrencies such as bitcoin and ether.

BEIJING (Reuters) — China's services activity grew at a slower pace in February, with business confidence moderating for the second month and firms trimming staff numbers for the first time since November, a private-sector survey showed on Tuesday.

Investing.com-- China’s services sector grew less than expected in February, a private survey showed on Tuesday, as the Lunar New Year holiday provided only a limited boost to activity amid a broader downturn in the economy.

By Georgina McCartney

ONDC) completed more than 7.1 million cumulative orders in February since its inception in January last year. Here’s a look at all the key facts and numbers of the platform that promises to democratise ecommerce.

By Valerie Volcovici

By Yuka Obayashi and Ritsuko Shimizu

Broker-dealer LPL Financial is expanding its presence in the South by adding a Texas-based advisory team to its platform. The firm announced Monday that it has welcomed RFS Financial Services, a Lubbock, Texas-based practice to its platform.