Author: Loknath Das

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. Provident Financial’s rise looked inexorable after the British subprime lender was catapulted into the FTSE 100 at the end of 2015, fuelled by a surge of demand for credit after the financial crisis. But less than two years later, the group — along with Royal Mail — was…

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President Donald Trump is promising billions to help Texas rebuild from Harvey-caused epic flooding, but his Republican allies in the House are looking at cutting almost $1 billion from disaster accounts to help finance the president’s border wall. The pending reduction to the Federal Emergency Management Agency’s disaster relief account is part of a massive spending bill that the House is scheduled to consider next week when lawmakers return from their August recess. The $876 million cut, which is included in the 1,305-page measure’s homeland security section, pays for roughly half the cost of Trump’s down payment on the U.S.-Mexico border wall that the president…

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Mumbai: CDC Group Plc, the UK government’s development finance institution, is in advanced talks to invest over Rs100 crore in Veritas Finance Pvt. Ltd, which lends to micro and small enterprises, said two people aware of the development. Chennai-based Veritas Finance was registered as a non-banking financial company (NBFC) by the Reserve Bank of India (RBI) in October 2015. In December, Mint reported that Veritas was in the market to raise funds. The company started with an initial capital of Rs13.60 crore and raised additional equity of Rs30 crore from Lok Capital and others, including Caspian Impact Investment Adviser, in a series A…

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The Staff Selection Commission (SSC) on Monday declared the final result of Combined Higher Secondary Level (10+2) Examination 2015 for the recruitment of data entry operator, postal assistant /sorting assistant and lower division clerk (LDC) on its official website. The final result has been prepared on the basis of document verification of the candidates. Earlier on June 30, the commission had declared the name of 12,991 candidates who qualified, for the post of data entry operator and 16,609 candidates who qualified for the posts of postal assistant/ sorting assistant and LDCs, for document verification. Candidates can check their results by…

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New Delhi Delhi University’s Aryabhatta College is holding a referendum on Friday when its students take a call on affiliation with the Delhi University Students’ Union. The referendum was necessitated after Ram Lal Anand College (evening) turned into a morning college and was re- christened Aryabatta College in the 2015-16 academic session. The notice issued by the college authorities said the referendum has been scheduled this Friday between 12 noon and 3 pm. “There are around 2,200 students in our college. At least 50% should vote for a valid referendum. Out of the total votes polled, 75% should vote on one…

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Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) on Tuesday declared the result of SSC (Class 10) supplementary examination. The exams were held in July for students who could not pass the Class 10 main examination. Candidates can check their results by clicking here. Steps to check the results: 1) Go to the Maharashtra board result website by clicking on the link above 2) Click on the link for ‘SSC Examination Result July 2017’ 3) Key in your roll number and mother’s first name as given on the admit card/form 4) Enter XXX if mother’s name not mentioned in…

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Apple has signed up another vendor to help its iPad to the enterprise push – IT consulting and outsourcing specialist Accenture. The two companies have finalized a deal that will see Apple staff shack up in Accenture offices around the world. They’ll work with the consultancy to create iOS versions of Accenture’s own custom applications and systems for their clients, as well as migration services to get older code running on iPads and iPhones. Accenture also says it will be using Apple’s iOS platform to control internet-of-things templates and code it offers customers, including the ability to control some Accenture…

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Several social media companies in the West have been criticised for a perceived lack of transparency in alleged talks with the Iranian authorities on censoring content to the approval of the country’s strict religious authorities. Instagram, currently available in the country – as well as Twitterand YouTube, which are blocked but widely visited by Iranians using proxy servers – have all been reported by local media in recent weeks as as co-operating with the authorities to aid them in blocking or censoring “immoral” content. Newly installed communications minister Mohammad-Javad Azari Jahromi has been clear that he intends to shake up the status quo, promising citizens easier…

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SAP on Wednesday is announcing a new integration between its SuccessFactors Workforce Planning tool and SAP RealSpend, its cloud finance application. The integration should help move companies away from using spreadsheets for personnel budgeting and enable them to fine-tune HR and finance decisions throughout the year. “In any organization, you get the annual budget, and that tells you how many people you can hire and what you’re trying to aim for from a revenue and spend perspective,” Amy Wilson, head of product at SAP SuccessConnect, said to ZDNet. “The people part of that is really important, especially in today’s age…

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Two Indian students enrolled at a university in Texas were in an intensive care unit after tropical storm Harvey pummelled and flooded the state since Friday, with 200 others marooned at another university being moved to a safer place, according to Indian officials in the US. Efforts were on to ensure relatives of the hospitalised Texas A&M University students — identified as Shalini and Nikhil Bhatia — were able to reach them at the earliest. They had gone swimming and were overwhelmed by the rapidly rising water level on Sunday, officials said. Those marooned were at the University of Houston.…

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