Provident Financial News

Jeff Bezos didn’t wait long to start cashing in on Amazon.com Inc.’s rally to start the year. Less than two weeks after disclosing a plan to dispose of as many as 50 million shares of the company he founded, Bezos has offloaded 24 million shares, worth more than $4 billion. The sales, revealed in regulatory filings, took place over just four trading days. The world’s second-richest person previously hadn’t sold stock since 2021.

ShiromAkali Dal (SAD) Chief Sukhbir Singh Badal on Tuesday rendered support to farmers who have embarked on the 'Delhi Chalo' protest and appealed to the central government to fulfil the demands of the cultivators. In post on X, the SAD chief also appealed to Aam Adami Party (AAP) chief Arvind Kejriwal and Punjab Chief Minister Bhagwant Mann to give MSP on 17 crops including wheat and paddy as promised by them to farmers earlier. «I appeal to Govt of India to immediately fulfil all the commitments already made to farmers. We also demand that @ArvindKejriwal and @BhagwantMann must honour their solemn commitment to give MSP on 17 crops including wheat and paddy as promised by them to farmers earlier,» he said.

Sensex gained 482.70 points, or 0.68%, to close at 71,555.19, while the Nifty 50 ended 127.20 points, or 0.59%, higher at 21,743.25. “Going ahead Nifty is expected to remain in the broader range given the lack of positive triggers globally and mixed set of domestic Q3 earnings which too is unable to provide any support.

By David Morgan and Richard Cowan

Electric Capital led the round with participation from Paxos and Alchemy, bringing the firm’s total seed raise to $28 million.Fordefi has built a self-custody multi-party computation (MPC) wallet for institutions, acquiring a host of industry-leading clients and securing over $3 billion in on-chain transaction volume.The new wallet-as-a-service (WaaS) offering enables exchanges, fintechs, and web3 businesses to offer their customers a user-owned wallet, directly within their applications.Curtis Spencer, general partner, Electric Capital, says: “Fordefi changes the game for safe institutional access to DeFi and crypto by providing novel tools around MPC, user policies, and transaction simulation.“Their new Wallet-as-a-Service offering extends their industry leading technology to any business wanting their customers to have the best mix of security and user experience to get on-chain.”

shares on Dalal Street over those in Shanghai. Since January 2021, India's weight in the MSCI Standard Index has more than doubled from 8.9% to 18.2%, whereas China's weight has declined from 40.1% to 25.4% during the same period. This is the shortest-ever gap between the weights of stocks of the two countries. Analysts expect this gap to shrink further with the likelihood of higher flows into India as economic uncertainty in China is driving overseas fund managers out of the country.

The Financial Conduct Authority (FCA) added another crypto-focused firm to its famous crypto register on February 9. This time, it is Banxa—the international fiat-processing payment company.

Akamai Technologies (NASDAQ:AKAM) shares slumped 5% in after-hours trading Tuesday after the company missed expectations for FQ4 revenue and issued soft FQ1 2024 guidance.

The CFP Board registered a significant increase in the number of certified financial planner professionals in 2023, with major financial firms playing a key role in this growth.

Jammu and Kashmir Police on Tuesday said that they have arrested a local, Adil Manzoor Langoo, for his alleged involvement in the recent killing of two non-locals in Srinagar. Inspector General of Police in Kashmir, VK Birdi, informed that Langoo, hailing from Zaldagar area of Srinagar, was arrested following a detailed technical and field analysis and after collecting «clinching» evidence against him. Two non-locals from Punjab — carpenters Amritpal Singh and Rohit Masi — were fired upon by unidentified attackers on February 7 evening at Shalla Kadal area of Srinagar, when they were on way to their rented accommodation.

Electric carmaker Tesla Inc. is scouting for local partners to make its rooftop solar panels in India, a person aware of the matter said. The selected partner will help with the manufacturing and installation, while Tesla will provide technology and sales expertise.

contributes to your partner's daily productivity and efficiency? Storage solutions, such as NVMe SSDs (Solid State Drives) and USB pendrives, represent thoughtful and practical gifts that can make a substantial difference in your partner's work or personal projects. NVMe SSDs, with their lightning-fast data transfer speeds, offer a substantial upgrade to any computer, drastically reducing boot and load times, and enhancing overall system responsiveness. They are perfect for creative professionals, gamers, or anyone who values efficiency in their digital endeavours.

The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that's costing Americans billions of dollars every year: online romance scams.

Department of Telecommunications (DoT) is finalising modalities around administrative allocation of satellite spectrum, which is likely to include clauses such as the airwaves will only be given to offer services through a fixed terminal, officials aware of the details told ET. «Terms and conditions in the licence will make it clear that spectrum taken administratively can't be used to serve retail mobile consumers,» an official said. The DoT is expected to shortly write to Trai to provide the details on what terms and conditions should be incorporated in the licence.

Chopping boards make cutting veggies anywhere convenient because they provide a stable and clean surface for food preparation. Whether it's in the kitchen, at a picnic, or even on a camping trip, a chopping board allows us to chop, slice, and dice vegetables without worrying about damaging the surface underneath or making a mess. Its portability and versatility make it an essential tool for anyone who loves to cook on the go.

Pulwama attack in Jammu and Kashmir, the key conspirators, including Jaish-e-Mohammad chief Maulana Masood Azhar, remain elusive while Pakistan is yet to respond to India's letter rogatory on the matter. On February 14, 2019, Pakistan-sponsored terrorists killed 40 Central Reserve Police Force personnel when an explosive-laden vehicle hit their convoy at Lethpora while they were heading from Jammu to Srinagar on the national highway. Fifteen of the 19 militants involved in the attack have either been killed or arrested while a probe by National Investigation Agency named Azhar, his brother Rouf Asgar and their cousin Ammar Alvi, all three absconding Pakistani nationals, in the case. They were declared individual terrorist by India in 2019-21. NIA unearthed the attack plot after recovery of a cell phone belonging to a Pakistani militant, Mohammed Umar Farooq (24), killed a month after the attack.

Supreme Court reserved judgment on whether a state government is empowered to make sub-classification in SC/ST quotas for deprived and weaker castes in these groups in admissions and public jobs. The issue before the top court was whether the Punjab Scheduled Castes and Backward Classes (Reservation in Services) Act 2006 — which provided Balmikis and Mazhabi Sikhs with 'first preference' reservation over 50% of the total seats reserved for SCs — is valid.

VC industry is returning to first principles as the funding winter drags on into early spring. Higher interest rates, lower valuations and stock market volatility have made returning or raising capital more difficult, and conditions are expected to remain so in the near future.

Mangaluru-headquartered private lender Karnataka Bank bets big on technology to drive its business growth. Bank’s MD & CEO Srikrishnan H shares his views on the bank’s future in a chat with ET’s KR Balasubramanyam. Edited excerpts: Karnataka Bank was started with the goal of responding to the needs of the agriculture sector. In the crowded space of present-day banking, how do you see the bank’s future? Our bank adopted an agri- lending model on a large scale much before the regulations on priority sector lending kicked in. We will continue this legacy as we enter the next 100 years with continued focus on rural, agriculture, MSME and retail business. We are implementing technology-based deliveries in each of these verticals.

Each hoverboard has its own unique set of pros and cons, which we'll carefully evaluate to help you make an informed decision. From impressive speed and range to innovative safety features and stylish designs, we'll cover everything you need to know to find the perfect hoverboard for your needs. So, whether you are a seasoned hoverboard enthusiast or a first-time rider, join us as we dive into the world of best hoverboards available online.

In this article, we delve into the realm of motherboards to help you navigate the vast array of options available in the market. From flagship models boasting cutting-edge features to budget-friendly offerings that don't compromise on quality, we explore the best motherboards across a range of categories and price points. Each motherboard is meticulously evaluated, highlighting its unique strengths and weaknesses, enabling you to make an informed decision that aligns with your specific needs and preferences.