Provident Financial News

Sebi) has barred fund manager Brick Eagle LLP for a period of one year after finding it guilty of compliance violations, as per an order uploaded on the regulator's website. It has also taken action against Catalyst Trustee, on whom it imposed a one-year ban on the grounds that it overlooked compliance violations by the fund manager. The ban is only applicable to trustee services provided to funds by Catalyst and not to its mainstay debenture trustee business. Brick Eagle LLP, promoted by former Standard Chartered executive Rajesh Krishnan, had announced a ₹500 crore affordable housing fund in 2017 to fund housing projects priced under ₹10 lakh a unit, for which the government was providing subsidies.

Suven Pharmaceuticals, which announced the proposed merger of Cohance Lifesciences on Thursday, will be investing in research and development, commercial capabilities, and pursuing merger and acquisitions, as it aspires to be the «most admired» fully integrated global contract development and manufacturing organisation (CDMO) services provider, the company's top executive said. «We want to be a diversified, end-to-end capability outsourcing partner, serving customers from development to commercial scale. Doing this reliably & consistently across a wide range of chemistries, that's where the opportunity is,» said Annaswamy Vaidheesh, executive chairman of Suven in an interview to ET. «Our business is really about partnering with the customers over the long term. Our success is inextricably linked with our customer's as our business models are hard wired together,» Vaidheesh said. He added that he wants Suven to be the Lonzas of the world. Lonza-based in Basel, Switzerland is a global CDMO powerhouse.

abortion pill in a few states within weeks. CVS Health will start filling prescriptions for mifepristone in Rhode Island and neighboring Massachusetts “in the weeks ahead," spokeswoman Amy Thibault said Friday. Walgreens will begin dispensing the medication within a week, spokesman Fraser Engerman said.

₹1,282 crore, to help relaunch its Italian steel mill in Piombino. The company in a press release said that its subsidiary, JSW Steel Italy SRL, has signed a Memorandum of Understanding (MoU) with the Italian authorities to relaunch the site.

Shares of Dell Technologies (NYSE:DELL) soared 24% in premarket trading Friday after the technology solutions provider released better-than-expected Q4 results amid “strong AI-optimized server momentum.” Dell stock is already up 26.5% since the start of 2024, outperforming the broader S&P 500 which gained 7.5% during that period.

As the prolonged crypto winter subsides and positive sentiment boosts the prices of cryptocurrencies, traders and investors line up to participate in the dynamic cryptocurrency market. With renewed investors’ confidence and a bull run over the horizon, one wonders which token to invest in.

At a group home in eastern Ontario, the owner allegedly called First Nations kids from northern Ontario his “bread and butter.”

In a research note published today (1 March), analyst Sachin Saggar said the broker's base case is that 2024 will be a «tough year» with no «obvious trades» providing upside optionality for the strategy. «We believe BH Macro is a high quality fund but today's environment does not seem conducive to the strategy,» he said.  The trust, which holds £1.6bn in assets and is a feeder into the $13bn Brevan Howard Master fund, one of Brevan Howard's flagship funds, fell 2% in 2023. Pershing Square Holdings manager slashes performance fee as Ackman eyes US launch BHM has remained in negat...

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RK Swamy IPO: RK Swamy has raised ₹187 crore from from marquee investors in anchor round on Friday, March 1, ahead of its IPO subscription opening for bidding. RK Swamy IPO opens for subscription on Monday, March 4, 2024 and closes on March 6, 2024.

MUMBAI : Benchmark indices vaulted to record highs on Friday after India’s economy surprised the markets with a faster-than-anticipated pace in the December quarter, a momentum expected to continue led by large cap stocks. Banks, capital goods, and oil and gas stocks catapulted the Nifty index to a record high of 22,353.30 points, and the Sensex to 73,819.21 on Friday. This was driven by provisional domestic institutional investors buying of ₹3,814.53 crore and proprietary trader purchases of ₹618.58 crore, BSE data show.

₹3,76,217 in 2021-22 to ₹4,61,910 in 2023-24. Atishi claimed this is 2.5 times higher than the national per capita income and added that this represents an increase of 22 percent over two years. 2) According to official figures for 2021-22, Delhi was placed third in the list of per capita income behind Sikkim and Goa.

NEW DELHI : The divergence in gross domestic product (GDP) and gross value added (GVA) data for the third quarter of FY24 could be attributed to reduced fertilizer subsidy disbursements, said a senior government official. India's GDP spiked to a six-quarter high of 8.4% in Q3 FY24, surpassing estimates, while GVA growth stood at 6.5% during the same period, according to data from the statistics ministry.

ALSO READ: LeT’s Tunda tells court he wasn’t arrested in India The central probe agency agency said 12 people have been convicted in the case so far. These 12 include Irfan and Hamir-Ul-Uddin who were sentenced to life imprisonment by the Terrorist and Disruptive Activities (Prevention) Act (TADA) court on Thursday. Abdul Karim Tunda, a key accused in the 1993 serial train blasts case, was acquitted on Thursday.

Bharat Highways InvIT IPO: The initial public offering (IPO) of Bharat Highways InvIT was fully subscribed on the third and final day of bidding, driven by strong demand from investors. Bharat Highways InvIT IPO hit the Indian primary market and opened for subscription on Wednesday, February 28, and closed today (Friday, March 1, 2024.) Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. The Trust is authorized to carry on the activities of an infrastructure investment trust under the SEBI InvIT Regulations.

MILAN is an India-hosted biennial multi-national naval exercise that originated in 1995. The exercise aims to enhance cooperation and interoperability among the navies of diverse participating countries.

AdvicePay, an industry-leading platform for processing payments and managing compliance in fee-for-service financial planning, has announced a collaboration aimed at simplifying the payment process for advisors.

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