Provident Financial News

NCLT) has allowed an exclusion of 936 days from computation of the 270 days for the Corporate Insolvency Resolution Process (CIRP) of realty developer Lok Housing and Constructions in one of the highest such exclusions provided to any company so far. As per the bankruptcy regulation, the lenders and the resolution professional are expected to complete the resolution process within a total of 270 days, failing which the Mumbai-based company will undergo mandatory liquidation. With this exclusion, the company’s liquidation is likely to be deferred as the court has granted additional about two and a half years to complete the resolution process. The bankruptcy court usually provides exclusion to companies under insolvency on a case-to-case basis and in this instance, the decision was taken following a plea from its interim resolution professional (IRP). The tribunal had originally admitted the company for insolvency process based on an application filed by healthcare company USV after the developer defaulted on its dues in 2019. The firm has admitted liabilities worth over Rs 621 crore. The resolution professional was appointed in June 2019.

RBI) Governor Shaktikanta Das Wednesday expanded the scope of his oft-repeated ‘Arjuna’ analogy to communicate that Mint Road considers not only inflation but also other factors as policy influencers while emphasising that he was not providing guidance about future actions. Following rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RBI has held rates steady since. One basis point is a hundredth of a percentage point. “I’m not giving any forward guidance or indication so far as the next monetary policy is concerned, which is coming up on December 8.

Brian Armstrong-led cryptocurrency exchange Coinbase has again called on the US justice system to persuade the Securities and Exchange Commission (SEC) to provide clear regulatory guidelines on crypto assets.

fire. Three out of four share sales that opened on Wednesday were oversubscribed on the first day itself, a feat last seen 27 months ago, with high net-worth individuals (HNIs) and small retail investors leading the charge. The initial public offering (IPO) of Tata Technologies Ltd, the first Tata group company to list after 19 years, attracted maximum investor interest, witnessing a subscription of 6.5 times.

ITC came out looking the best among Indian companies by healthiness score, followed by Hindustan Unilever, Nestlé India, PepsiCo India and Coca-Cola India. But that is really nothing to crow about. “The mean healthiness of companies’ products was found to be 1.9 stars out of 5.0 (the same as in 2020), with substantial variation observed between companies.

Accounting firm KPMG’s Canadian unit is joining forces with blockchain data platform Chainalysis to assist companies in battling crypto fraud.

Crypto banking firm, BCB Group, announced the departure of CEO Oliver von Landsberg-Sadie today following the exits of two other executives, according to a company email sent Wednesday.

By Naomi Rovnick, Samuel Indyk, Lucy Raitano and Harry Robertson

The Information. Shleifer’s decision to transition out is largely based on geography, a person familiar with the development said, asking to remain anonymous. “Tiger Global is operating in-person out of our New York offices, whereas Scott and his family have made their home in Florida and want to stay there.

—Name withheld on request With a moderate risk profile and a 7 plus year investment horizon, we suggest the following asset allocation: 60-80% in equity mutual funds, 10-20% in fixed income through mutual funds, bonds, and fixed deposits, and 10-15% in gold through sovereign gold bonds. Regarding equity mutual funds, we recommend emphasizing large-cap funds and hybrid funds, with a portion allocated to mid-cap funds.

Crypto-price aggregator CoinGecko has acquired Zash – a non-fungible token (NFT) data infrastructure platform – to help bring data monitoring for both fungible and non-fungible tokens under one roof.

Zomato, Swiggy, Ola, Paytm, India Post, etc. A person privy to the e-commerce policy discussion confirmed, “It’s true that the conversation regarding dropping of registration clauses is happening, but it’s at the government level only.

fall economic statement (FES), which is effectively a supplement or update to the vision laid out in the federal budget.“That is why we are making generational changes to competition law in Canada, including by cracking down on predatory pricing and other tactics that big corporations use to raise costs for Canadians,” Finance Minister Chrystia Freeland said.The FES discusses measures taken earlier this year, including Innovation Minister Francois-Phillippe Champagne calling on Canada’s major grocers to find ways to stabilize prices. Like Champagne’s prior comments, the FES says further actions are not ruled out, including tax measures for the grocery sector.The document also emphasizes in-progress work on Competition Act reforms, including honing in on “predatory pricing” by large companies.

LandRocker stands out in the growing Play-to-Earn (P2E) space, offering a unique blend of adventure, strategy, and crypto.

OTTAWA — Finance Minister Chrystia Freeland tabled a fall economic statement on Nov. 21 that aims to support middle-class Canadians amid soaring consumer prices and looming mortgage renewals.

Uber on Wednesday announced that it will soon start a bus service in Kolkata for office-goers. By March next year, Uber Shuttle will have 60 air-conditioned buses on predefined routes, connecting business districts with residential areas of the city, it said in a statement. Uber will invest $10 million in the state by 2025, and create about 50,000 livelihood opportunities over the next five years, it added.

Despite Nvidia's (NASDAQ:NVDA) Q3 earnings significantly surpassing expectations, investors initially chose to divest. Nvidia stock has surged by 242% YTD to reach the $500 mark, but the chipmaker's earnings report triggered a 2.5% decline after the release.

Nvidia (NASDAQ:NVDA), the leading global semiconductor company by market capitalization, reported strong third-quarter earnings and provided a positive outlook for the fourth quarter.

₹10,000 that offers a good camera and a fast processor. Here are some of the top phones currently available in this price range. The Redmi A2 is currently retailing on Amazon at ₹6,799.It features a high-performance MediaTek Helio G36 processor, up to 7GB RAM (including 3GB Virtual RAM), and 64GB storage.

India, November 22, 2023: Fintellix, a leading provider of regulatory compliance and risk management solutions, is thrilled to announce the appointment of Mr. Ashok Narain as Senior Advisor at Fintellix. With an illustrious career spanning more than 33 years, Mr.

Gopal Asthana, Chief Executive Officer, Tata CLiQ, said, “The Black Friday Sale has always been an exciting time as we look at providing consumers with never-seen-before offers on leading global and Indian brands across a wide range of categories. Our efforts are focused on providing our customers with a curated range of brand and products and an elevated shopping experience. As we work towards establishing ourselves as the preferred platform for lifestyle, luxury, and beauty, we are elated to announce this year’s Black Friday Sale on Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette. With a variety of enticing offers across different categories, we are confident that this will delight consumers as they shop for the holiday season. We are expecting the momentum of the festive season to continue right through the Christmas and New Year and are, thus, anticipating the upcoming Black Friday Sale to end on a triumphant note yet again." Tata CLiQ, India’s leading e-commerce destination, is driving the proposition of ‘Thank God It’s Black Friday', signalling a sense of exhilaration for the extraordinary shopping adventure consumers can embark on with this sale.