Provident Financial News

'Breaking the Mould: Reimagining India’s Economic Future,' will be released on 7 December. In a tweet, the publication house wrote, “We're absolutely thrilled to introduce #BreakingTheMould, a thought-provoking journey into India's economic future by the brilliant stalwarts, Dr.

Canara Bank: Canara Bank reported a growth of 43 per cent in net profit to ₹3,606 crore, compared to ₹2,525 crore in the corresponding period last year. The public sector lender's net interest income (NIIs) – the difference between interest earned and interest expended- in the second quarter of the current fiscal rose 19.8 per cent to ₹8,903 crore, compared to ₹7,433.8 crore in the year-ago period. Shriram Finance: The NBFC on Thursday reported a 19.7% yoy increase in AUM to ₹2.03 trillion.

₹6,558 crore in Indian stocks.Oil prices rose on Friday, regaining ground after tumbling more than $2 a barrel in the previous session as concerns of a wider Middle East conflict eased while the United States, the world's biggest oil consumer, showed signs of weakening demand.Global markets continued to tumble with Wall Street nearly 10% below its high mark for the year after big-name companies warned an uncertain global economy may hurt their profits.Indus Towers, the world’s largest telecom tower provider, is in discussions with Vodafone Idea to create a ‘time-bound’ plan for the repayment of the telco's dues, even as it has received some pending dues from Vi during the quarter.“While the customer had some challenges during the quarter, we will receive the monthly payments in October from them. Our expectation is that the monthly payment will continue.

The nation’s largest corporate auditor, PwC Australia, will give up $10 million in annual fees by cutting the types of consulting services it provides audit clients.

Rallis India, a leading company in the agricultural sector, has declared their Q2 FY24 results on 25 Oct, 2023. The company's topline has witnessed a decrease of 12.53% compared to the same quarter last year. However, the profit has shown a significant increase of 15.41% YoY.

EA Sports has released UFC 5 for Xbox Series X|S and PlayStation 5. The game features a roster of fighters.

Flagship phones have always been synonymous with top-tier innovation, boasting powerful processors, stunning displays, cutting-edge camera systems, and a slew of advanced features. With discounts of up to 51%, the Amazon Sale 2023 ensures that the dream of owning a flagship smartphone is within reach for everyone. This incredible offer isn't limited to a single brand or model; instead, it spans across an array of renowned manufacturers, presenting a diversified selection for every taste and preference.

Current female labour force participation rate (FLFPR) stands at 37%. However, to ensure incremental growth in the Indian workforce, India needs to increase its FLFPR to 43.4% by 2030.

Amazon Sale 2023 brings an exciting opportunity for tech enthusiasts and entertainment aficionados to snag incredible deals on TVs, particularly those under the budget-friendly range of ₹50,000. Picture this: You, reclined on your couch, watching your favourite series in breathtaking 4K resolution, or perhaps engaging in a heart-pounding gaming session on a generously sized screen that doesn't miss a pixel. This vision is within your grasp with the Amazon Sale, where discounts of up to 58% on TVs under ₹50,000 await your discerning eye.

Yellowstone, the popular series is making its mark once again with Season 2 reruns on CBS. Amid the delay in Season 5 Part 2 production, the Screen Actors Guild (SAG-AFTRA) strike has put filming on hold.

Bankrupt crypto exchange FTX’s new management is evaluating proposals from three potential bidders to revive its trading platform, according to a Bloomberg report.

Bankman-Fried’s decision to testify comes after a number of his former close associates took the stand against him. Former Alameda Research CEO Caroline Ellison, FTX co-founder, Gary Wang, and head of engineering for FTX Nishad Singh, largely deflected responsibility back to Bankman-Fried by alleging he was the mastermind behind the company’s misuse of customer funds. However, Bankman-Fried could be seen shaking his head no multiple times during their testimonies.

Rajiv Rattan, one of the founding members of Indiabulls, has acquired a 50% stake of its joint venture (JV) partner Lone Star Funds in RattanIndia Finance for Rs 611 crore (about $73 million) in an all-cash deal, multiple persons with knowledge of the development. The rift between the two was triggered three years ago after Lone Star alleged that Rajiv Rattan had misused money belonging to the company. Rattan, also the promoter of RattanIndia Power, has denied any wrongdoing. In May 2021, the global private equity fund firm approached the Delhi bench of the National Company Law Tribunal (NCLT) against RattanIndia Finance, alleging irregularities and mismanagement in the company.

—Name withheld on request

There’s no doubt it’s been a difficult year for investment bankers around the country as deal activity continues to crawl along.

London | Macquarie has staged a forced retreat from a £665 million ($1.27 billion) takeover bid for European waste management group Renewi, after the target refused to play ball.

Bain’s Australian office has delayed the start dates of its roughly two dozen new joiners until as late as October next year and will not confirm when they commence until “early 2024”, a sign the strategy consulting firm remains uncertain about its future workload.

BNY Mellon) has picked up over 162,000 sq ft workspace in Pune through a lease agreement with flexible office provider 315Work Avenue. The New York-headquartered company’s latest office is spread across five entire floors at Raheja Woods in one of Pune’s prime commercial zones Kalyani Nagar. In August, 315Work Avenue picked up these five floors in Raheja Woods through a long-term lease of five years. “This deal marks another milestone in the company’s expansion plans, solidifying its presence in key business hubs.

Smartworks, a provider of flexible workspaces, has leased 1,00,000 sq ft office space in Gurugram's Cyber City, according to two people aware of the deal. While DLF operates the majority of the Cyber City, the building taken by Smartworks is currently known as Reliance House and is owned by an independent owner.

Affluent investors have been pouring money into separately managed accounts and turning slightly away from mutual funds, a new consumer research report shows.

Raymond James Financial achieved record annual net revenue and record net income last year, marking the third year in a row of historic results for the firm, CEO Paul Reilly said Wednesday.