Provident Financial News
01.11 / 03:53
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International
'International players may assist in interim period', Blinken backs Palestinian Authority's return to Gaza
Antony Blinken while endorsing the Islamist militant movement that has ruled the impoverished territory since 2007. Addressing a Senate hearing, Blinken said, “At some point, what would make the most sense would be for an effective and revitalized Palestinian Authority to have governance and ultimately security responsibility for Gaza." "Whether you can get there in one step is a big question that we have to look at.
01.11 / 03:53
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open
Protean eGov Technologies sets price band at ₹752-792 to raise ₹490.3 crore; to open on November 6
Protean eGov Technologies IPO, formerly known as NSDL E-Governance Infrastructure has set the price band for its issue at ₹752-792 per share to raise ₹490.3 crore. The company is set to launch its three-day initial public offer on November 6 and close on November 8. Meanwhile, the anchor investors bidding for the IPO will start on 3 November.
01.11 / 03:53
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NFO Alert: Bajaj Allianz Life Insurance launches Bajaj Allianz Life Mid Cap Index Fund; all you need to know
insurance industry, has unveiled its latest offering, the Bajaj Allianz Life Mid Cap Index Fund NFO. This fund is specifically crafted to harness the potential for growth within mid-cap equities, with a primary goal of delivering capital appreciation to investors. Its core mission is to achieve returns by strategically investing in the assets that comprise the Nifty Midcap 150 Index.
01.11 / 03:53
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LPG price increase: Govt hikes commercial cylinder rates. Details here
LPG cylinders by ₹100 in various locations throughout the country. It is to be noted that this marks the second price hike for commercial LPG cylinders in the past two months. The hike will come into effect from November 1.
01.11 / 03:29
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Waystar delays IPO until at least December - WSJ
Waystar, which was set to launch its initial public offering (IPO) roadshow to pitch investors this week, has now delayed it until at least December, the Wall Street Journal reported on Tuesday. Reuters reported in August that Louisville, Kentucky-based Waystar was eyeing an IPO that could value the company at as much as $8 billion, including debt. The company will likely wait until 2024, the Journal's report added, citing people familiar with the matter. Waystar did not immediately comment on the report. Waystar, which provides software that helps hospitals and clinics manage their finances, has said it intends to list its common stock on the Nasdaq under the symbol «WAY». The company was formed in 2017 through the merger of Navicure and ZirMed. The company develops payment software helping clients such as large hospital systems with the collection of bills from patients. Waystar made its IPO filing public in October after confidentially filing it in August, joining a wave of new listings that followed a months-long dry spell wrought by high interest rates and fears of a recession. Still, hopes of the new listings — including those of chip designer Arm, and grocery delivery app Instacart — buoying the IPO market were dashed after the stocks fell below their IPO price soon after debut. Earlier this month, Birkenstock's shares ended more than 12% below its IPO price in an underwhelming Wall Street debut that signaled investors remain cautious about new listings. Waystar was valued at $2.7 billion when EQT and CPPIB acquired a majority stake in the company in 2019 from Bain Capital, which stayed on as a minority investor.
01.11 / 03:29
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North Korea closes multiple embassies around the world
North Korea is poised to close as many as a dozen embassies including in Spain, Hong Kong, and multiple countries in Africa, according to media reports and analysts, in a move that could see nearly 25 percent of Pyongyang's missions close worldwide. North Korea's recent closing of its diplomatic missions was a sign that the reclusive country is struggling to make money overseas because of international sanctions, South Korea's unification ministry said on Tuesday. On Monday, North Korean state media outlet KCNA said the country's ambassadors paid «farewell» visits to Angolan and Ugandan leaders last week, and local media in both African countries reported the shutdown of the North's embassies there. Both Angola and Uganda have forged friendly ties with North Korea since the 1970s, maintaining military cooperation and providing rare sources of foreign currency such as statue-building projects. The embassy closings set the stage for what could be «one of the country's biggest foreign policy shakeups in decades», with implications for diplomatic engagement, humanitarian work in the isolated country, as well as the ability to generate illicit revenue, wrote Chad O'Carroll, founder of the North Korea-focused website NK Pro. More than a dozen missions may close, likely because of international sanctions, a trend of Pyongyang's disengaging globally and the probable weakening of the North Korean economy, he said in a report on Wednesday. Seoul's unification ministry, which handles inter-Korean affairs, said the pullout reflected the impact of international sanctions aimed at curbing funding for the North's nuclear and missile programs. «They appear to be withdrawing as their foreign currency earning business has stumbled
01.11 / 02:25
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DOL’s rule would add a lot of fiduciaries into the mix
Advisors who make one-off recommendations to 401(k) plans and participants may face a new reality under the latest fiduciary rule proposed by the Department of Labor: They will be fiduciaries, whether they like it or not.
01.11 / 02:25
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Returns
Biden criticizes advisors who prioritize their pay over clients’ returns
President Biden warned financial advisors Tuesday not to recommend high-fee investment products that line their own pockets rather than help their clients build a nest egg, as he promoted a proposal to raise advice standards for retirement accounts.
01.11 / 02:23
Provident
Strategy
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stake
Phil King’s Regal snaps up stake in Taurus
ASX-listed fund manager Regal Partners acquired a 50 per cent stake in global commodities financier Taurus Funds Management which will lift Regal’s assets under management to $8 billion.
01.11 / 02:23
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‘Looks like this could be a dud’: Key Tritium backer laments
One ofTritium’s biggest shareholders, Brian Flannery, says the company has left it too late to reduce its ongoing costs and should have closed its Brisbane factory a year ago and moved all manufacturing to the United States.
01.11 / 02:23
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Musk banks on turning X into a financial platform
Elon Musk’s takeover of Twitter (now known as X) has taken an intriguing twist. The serial entrepreneur plans to add a suite of banking products to the social network next year, as he attempts to build a US “super app” with financial services as its core.
01.11 / 02:03
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Stocks to Watch: L&T, Airtel, Tata Consumer, JSPL, Adani Total, Blue Jet Healthcare
L&T: Larsen & Toubro reported a net profit of ₹3,222 crore in the September 2023 quarter, higher by 45% as against ₹2,229 crore reported in the year-ago period, as per the results declared by the company on October 31. The company's revenue from operations during Q2FY24 came in ₹51,024 crore, marking a jump of 19% from ₹42,762 crore reported in the corresponding quarter of the previous fiscal. Bharti Airtel: Telecom major Bharti Airtel recorded a net profit of ₹1,341 crore in the second quarter of fiscal year 2023-24 (Q2FY24), which is 37% lower than the year ago.
01.11 / 02:03
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ICC World Cup 2023: Who’ll win New Zealand vs South Africa match? Prediction, fantasy team, pitch report and more
World Cup 2023, will clash at the Maharashtra Cricket Association Stadium in Pune. Both these teams have had a great tournament so far. South Africa have won 5 out of their 6 matches, losing only to the Netherlands.
01.11 / 02:03
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week
WeWork's Bankruptcy Woes: Company plans to file papers by next week, says WSJ
WeWork raises doublt about its survival The company also signed a seven-days long forbearance agreement with its creditors on October 30 (Monday), it added. A company spokesperson told Bloomberg this agreement would provide “time to continue in the positive conversations with our key financial stakeholders and engage with them to implement our ongoing strategic efforts to enhance our capital structure." Forbearance is a lender's temporary approval to delay loan payments, given in place of compelling the borrower into foreclosure or default. The spokesperson added that WeWork has a “a clear, long-term vision for the future", but did not respond to other queries, as per Bloomberg.
01.11 / 02:03
01.11 / 01:43
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Unleash Your Gaming Potential with Cutting-Edge HP Gaming Laptops
Furthermore, they are available in a variety of budget and preference options, making them an ideal choice for gamers of all backgrounds. Whether you are a casual player or a professional eSport player, the HP gaming laptops offer the performance and dependability you need to succeed in the virtual world. List of the best HP Gaming laptops
01.11 / 01:43
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GIFT Nifty down 9 points; here's the trading setup for today's session
«Going forward, US Fed policy outcome which is due on Wednesday would provide cues to the mark,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 9 points, or 0.05 per cent, at 19,131, signaling that Dalal Street was headed for muted start on Wednesday.
01.11 / 01:09
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Gaming PC/ gaming desktop under 70,000 for effortless gaming experience
Furthermore, gaming laptops are often equipped with RGB lighting, programmable keys, and other features that allow users to customize their gaming experience. From casual gamers to professional eSports players, gaming laptops under 70000 offer the convenience and performance necessary to enjoy immersive gaming experiences on the go. So, what are you waiting for? Buy a Gaping laptop now! List of the best Gaming Laptops
01.11 / 01:09
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Capex and spending double engine: Core strong; car dispatches hit a fresh high
India's infrastructure sector closed the September quarter on a firm note, while frantic festive demand lifted automobile dispatches to yet another record in October, highlighting the twin drivers of the economy — government capital expenditure and high-end consumption. The Index of Eight Core Industries rose 8.1% in September from a year earlier, with coal, steel and electricity posting robust growth, data released on Tuesday showed.
01.11 / 00:59
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Up to 20% OFF on Gold Coin Pendants for precious gifting moments
Gold pendants are a traditional way to express love, respect and blessings to one's loved ones during the Hindu festival of Dusseshra. Gold is a symbol of prosperity and wealth, and is believed to bring good luck and blessings to the recipient of the pendant. So, buy one precious gift for yourself or your loved one’s. List of the best Gold Pendants
01.11 / 00:59
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Mamaearth parent Honasa Consumer sees IPO going in the right direction
post-listing experience of public market investors from some of the earlier initial public offerings of new-age companies is unlikely to have an impact on the offering of Mamaearth parent Honasa Consumer, its cofounder and chief executive said. “The numbers should showcase in the next few days. We feel like it’s going in the right direction,” Varun Alagh told ET in an interview. “The retail portion has been subscribed 35% on day 1. For whatever reason, some people would have tasted bad blood but there have been multiple IPOs where there were 70-80% listing gains,” he added.
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