Provident Financial News

The Monetary Authority of Singapore (MAS) is commencing a series of asset tokenization pilots in collaboration with financial services heavyweights.

Apple said on Wednesday iPhone 14 users would get free access to its emergency SOS feature for another year. Introduced a year earlier, the feature allows users to share their location through satellite from areas without network by using Apple's FindMy app and send messages to emergency services.

Estonia’s Prime Minister Kaja Kallas is signaling that she's willing to put her name forward for NATO’s top job when it falls vacant next year

Narendra Modi called Congress leader Rahul Gandhi 'Moorkhon Ke Sardar', the latter on Wednesday hit back at the PM and said that he is unconcerned about the derogatory words the former makes against him. Rahul Gandhi, while addressing a public rally in Baloda Bazar of poll-bound Chhattisgarh, said that the abuses do not make any difference to him as his only aim is to help the poor. «Wherever PM Modi comes he abuses me...it's good, I am unconcerned, I don't care. I have already told you my goal, which is to provide the same amount of money to the poor that PM Modi gives to Adani.

UCO Bank on Wednesday said its Immediate Payment Service (IMPS) of the bank faced some technical glitch and made IMPS offline. The financial impact due to this is yet to be ascertained, UCO Bank said in a regulatory filing.

By Timothy Gardner

(Reuters) -Catalent said on Wednesday it expected a majority of its current and upcoming production capacity for pre-filled syringes until fiscal year 2026 to soon be booked out, driven by booming demand for newer weight-loss drugs.

PMGKAY has been extended for the next five years. The opposition Congress Party accused the announcement of being in violation of the election code of conduct.

SJVN on Wednesday said the first unit of 30 MW capacity at Naitwar Mori hydro electric project has started supplying power to the national electricity grid. SJVN Chairman & Managing Director Nand Lal Sharma said in a statement that the SJVN has successfully synchronised the first unit of the 60 MW (30MWx2) Naitwar Mori Hydro Electric Project (NMHEP) with the National Grid. Naitwar Mori Hydro Electric Project is located on River Tons, a major tributary of the Yamuna in Uttarkashi district in Uttarakhand.

Commerzbank AG has received a crypto custody licence, providing more evidence that European banks are growing warmer toward the asset class. The license will allow the bank to “build up a broad range of digital asset services, with particular emphasis on crypto assets,” the Frankfurt-based bank said in a statement on Wednesday. It’s the “first German full-service bank” to get the license, it said. The move shows how Europe’s lenders are carefully entering the crypto market after initially shying away from the asset class given the associated risks and potential for money laundering. The push comes during a recovery in the price for Bitcoin, the best-known cryptocurrency, following a slump that ensued last year when a string of high-profile businesses collapsed and fraud scandals hit the industry. Other banks are making similar moves which they say reflect client demand. In July, Societe Generale SA’s blockchain unit received the first license issued under France’s new crypto rules. Earlier this month, German cooperative lender DZ Bank AG said it has started a platform for the custody of digital assets. Unlike other European countries, Germany requires banks to get a formal expansion of their existing licenses if they want to provide crypto services including custody. That requirement means the country’s crypto applications afford European banking regulators some transparency into the market.

Billie Eilish, 21, recently shared her feelings of protectiveness towards fellow artist Olivia Rodrigo, 20, in an interview with The Los Angeles Times. Eilish, a Grammy winner, revealed that her song "Goldwing" from the 2021 album «Happier Than Ever» was inspired by Rodrigo's rapid rise to fame after the success of her hit single «Driver's License» in 2021. Eilish expressed a sense of protectiveness over Rodrigo, noting the unique challenges of fame at a young age.

Sarbananda Sonowal said that more than 12 crores Adivasi Indians benefitted from the multiple schemes launched by BJP led government. Sonowal joined the ‘Janjatiya Gaurav Diwas’ celebrations with a visit to a tribal village of Barbakra at Urang Basti near Rani today. The Union Minister paid floral tributes to Birsa Munda, the tribal icon whose birth anniversary is celebrated as the Janjatiya Gaurav Diwas, at the village.

Nirmala Sitharaman said on Wednesday. Terming the IMEC as one of the most promising connectivity projects, Sitharaman said it will be a win-win situation for all states involved as it enhances transportation efficiency, reduces logistic costs, increases economic unity, generates employment, and lowers Greenhouse Gas emissions, contributing to a cleaner, safer, better world.

Madhya Pradesh, where top leaders of contesting parties criss-crossed the state addressing rallies, holding roadshows, trading charges and making a slew of promises to seek votes for their candidates. Electioneering ended in Madhya Pradesh at 6 pm except in Naxalites-hit districts of Balaghat, Mandla and Dindori, where campaigning drew to a close early at 3 pm.

pest control company, The Pest Informer, is making headlines by offering homeowners a unique opportunity – a payment of $2,500 in exchange for willingly allowing technicians to release around 100 American cockroaches into their homes. This unconventional initiative aims to evaluate the effectiveness of a specific pest control technique, and homeowners are expected to endure the infestation for approximately 30 days.

trustworthy resource for precious metal investors, this retail online bullion dealer deals in copper, palladium, rhodium, and platinum, apart from gold and silver. Money Metals Exchange offers precious metal bullion coins (e.g. gold coins, silver coins, gold American Eagle, Silver Eagles, junk silver, fractionals, etc), rounds, bars, ingots, statues, blocks, bullets, investment jewelry, accessories, and more.

Investing.com — U.S. futures traded higher Wednesday, with the positive tone generated by the previous session’s cooler than expected inflation data continuing.

Making financial decisions can be a daunting task, especially if you’re just starting out, but the same applies to even the most experienced. The simple answer is: You can’t auto-pilot investing and expect to profit.

Germany introduced a new licensing regime for crypto services in 2020 along with an amendment to the EU's Money Laundering Directive, in order to encourage regulated firms to enter the crypto market.Commerzbank first applied for a licence in April 2022. German rival Deutsche Bank followed suit in June this year.Commerzbank has yet to release details of the technology stack for the venture, but says that it aims "to establish a secure and reliable platform with full regulatory compliance to support its institutional clients by providing custody for crypto assets based on blockchain technology".The initiative reognises the de-thawing of banking interest in the market following the recent 'crypto-winter'.

Chimpzee (CHMPZ) stands as a remarkable example of a cryptocurrency project actively making a positive impact on the world, having helped plant 1200 trees in the Brazilian rainforest, plant another 20,000 trees in Guatemala, and so much more. The most recent of these efforts has been to work with WeForest to plant over 5,000 trees in Tanzania. This along with the ability to earn bonus CHMPZ tokens has attracted many to the presale.

The initiative is an extension to MAS’ Project Guardian, in which the central bank collaborated with 15 financial institutions to carry out industry pilots on asset tokenisation in fixed income, foreign exchange, and asset management products. The five new pilot projects explore a new set of use cases including listing, distribution, trading, settlement, and asset servicing.