Provident Financial News

Gautam Adani's conglomerate signed four Memorandums of Understanding (MoUs) with the Telangana government for an investment of over Rs 12,400 crore at the World Economic Forum 2024, the company said in a statement on Wednesday. Telangana's newly elected Chief Minister Revanth Reddy and Adani Group Chairman Gautam Adani inked this deal in Davos during the ongoing World Economic Forum.

Bajaj Auto has brought Husqvarna Motorcycles much-anticipated 2024 models of Svartpilen 401 and Vitpilen 250 into India. This latest range represents a comprehensive redesign, featuring entirely new engines, chassis, advanced technology, and updated styling. The Svartpilen 401, a dynamic Scrambler, is equipped with a powerful 399 cc 45 HP engine, premium paint finish, adjustable WP suspension, spoke wheels, Pirelli Scorpion tires, Easy Shift technology, and a TFT display. On the other hand, the Vitpilen 250 is an urban Roadster boasting a new 249 cc 31 HP engine, premium paint finish, WP suspension, Bosch ABS, and an LCD display. The 2024 lineup excels in various aspects compared to its predecessor, including road presence, seat height, ground clearance, tank capacity, pillion comfort, and cornering dynamics. In 2019, Bajaj Auto had launched Husqvarna motorcycles in India and has been manufacturing some models at it plants for exports.

Winter for the general engineering R&D (ER&D) space is over and spring may be around the corner, said the management of L&T Technology Services (LTTS) in its Q3FY24 earnings call. This optimistic outlook, the company believes, is not limited to LTTS but extends to the broader industry. A bold statement, despite prevailing global economic uncertainties and a cautious stance from top-tier IT companies regarding near-term demand.

Muizzu has asked India to withdraw their troops from the tourist island before 15 March. The troops, which India says provide help with humanitarian aid and medical evacuations for the residents of the remote islands of the country, have become a point of contention between India and Maldives, since President Muizzu, also known to be pro-China, assumed the seat of governance. However, reports suggest that the specific deadline to withdraw Indian troops from Maldives had more to do with a certain upcoming election, which holds significance for Muizzu's People's National Congress (PNC).

Howard Lutnick’ – CEO of investment banking giant Cantor Fitzgerald – has a message for Tether Truthers: the stablecoin giant’s assets are 100% backed.

Reuters. While addressing a discussion hosted by the Montreal Chamber of Commerce, Justin Trudeau said in French, "It wasn't easy the first time and if there is a second time, it won't be easy either," reported Reuters. Justin Trudeau also mentioned that if Donald Trump rose to power following the upcoming elections it would not be easy for Americans, He said, “But we can't imagine a day when it will ever be easy with the Americans.

One of the leading opponents of a Department of Labor rule that could affect the employment status of independent financial advisors is attempting to reboot a lawsuit to stop the regulation.

Financial advisors have been retiring faster than they can be replaced, and that trend shows no sign of abating, according to a recent report from Cerulli Associates.

Europe’s leading banking entity, the European Banking Authority (EBA), has extended its regulatory reach to cover the cryptocurrency space.

FCRA licence of Centre for Policy Research, a leading non-governmental organisation, for alleged violation of rules, ET has learnt. CPR's Foreign Contribution Registration Act licence was suspended eleven months ago. The cancellation order was issued last Wednesday after long deliberations, an official told ET. When contacted, a senior functionary at CPR said it had received the cancellation order.

Apple to a lower court's decision requiring changes to certain rules in its lucrative App Store, as the justices shunned the lengthy legal battle between the iPhone maker and Epic Games, maker of the popular video game "Fortnite." The justices also turned away Epic's appeal of the lower court's ruling that Apple's App Store policies limiting how software is distributed and paid for do not violate federal antitrust laws. The justices gave no reasons for their decision to deny the appeals.

Star Wars: Young Jedi Adventures nears the end of its first season, fans are eagerly awaiting news of a potential second season. Set in the High Republic era, approximately 200 years before the Star Wars prequel trilogy, the show follows Jedi Younglings Kai Brightstar, Lys Solay, and Nubs on their training journey. Here's a comprehensive look at the current status, potential storyline, and returning characters for Young Jedi Adventures Season 2.

Guy Ritchie's 2019 film "The Gentlemen" is making its way to Netflix as a series in 2024. Staying true to his crime caper roots, Ritchie is set to bring back the world of «The Gentlemen» with a new cast and plot. Here's a breakdown of what to expect.

TV screens through streaming sticks, smart TVs, and set-top boxes, according to a NielsenIQ study commissioned by Amazon. While mobile is the primary mode of streaming content due to the wide reach of smartphones and affordable data plans, the study states that this is beginning to change in big cities. It added that consumers prefer watching streaming content on TV due to better video and sound quality, coupled with the convenience of accessing a variety of content across OTT providers. The study, conducted among 800 NCCS A consumers of 25-45 age groups in December 2023 across 12 major cities, also states that 66% of respondents binge-watch for over five hours on weekends and less than three hours during the weekdays. Around 97% of respondents prefer streaming content around dinner time with family with 74% of them watching content with family, especially their spouses and children. Comedy, followed by sports, thrillers, romantics, horror, international TV shows, and news, are the most popular content genres that consumers stream on TV, as per the study. Parag Gupta, director and country manager, Amazon Devices India, said online video and the streaming habits of consumers have come a long way since its inception. «What has remained a constant is our preference to view content on the biggest screen in our homes — the television,» he added.

Fujitsu, the company whose faulty computer accounting system resulted in the wrongful conviction of hundreds of Post Office branch managers across the U.K., has apologized to the victims for its role in the country’s biggest ever miscarriage of justice...

Game software development company Animoca Brands has begun the phased launch of its decentralized chess strategy video game, Anichess, in partnership with Norwegian chess grandmaster, Magnus Carlsen, the company announced today.

—Name withheld on request Succession may be broadly bifurcated into intestate succession, or succession in case the deceased has not left behind a will, and testamentary succession, or succession by operation of will. In India, The Indian Succession Act, 1925, governs testamentary succession. Among Hindus, the Hindu Succession Act, 1956, deals with intestate succession.

Clix Capital, one of India's fastest-growing new-age NBFCs, have entered into a strategic digital co-lending partnership through Yubi Co.lend Platform. This partnership is focused on providing loans to the Indian MSME sector which is one of the biggest contributors to India's GDP and employment growth.

₹200) per device," said Parag Naik, chief executive of Saankhya Labs. “Our plug-and-play dongle, which will also support D2M broadcasts, is already being marketed in the US, and we’ll bring it to India in about six months to one year at around ₹600-800," Naik added. Saankhya’s plans, at present, remain at a very nascent stage, and will hinge upon talks of the Centre backing a pilot D2M broadcast in the coming months.

OpenAI's CEO Sam Altman on Tuesday said an energy breakthrough is necessary for future artificial intelligence, which will consume vastly more power than people have expected. Speaking at a Bloomberg event on the sidelines of the World Economic Forum's annual meeting in Davos, Altman said the silver lining is that more climate-friendly sources of energy, particularly nuclear fusion or cheaper solar power and storage, are the way forward for AI.

Artificial intelligence lab OpenAI is forming a new team to create democratic processes to shape how its AI software should be governed to address bias and other factors, the Microsoft-backed company said in a blog post on Tuesday. The «Collective Alignment» team is a continuation of the work of a grant program for funding democratic process experiments that was announced in May 2023, the San Francisco-based firm said. The program wrapped up recently.