Assurant Financial News

business loan interest rate, and you shall make the most out of all your financial resources.  A credit score is the most important and the first thing lenders check. A higher credit score indicates that you make timely payments and have no dues. This allows the lender to understand your repayment aspects.

Boston Consulting Group and McKinsey look set to be compelled to face a Senate inquiry into conflicts of interest and poor behaviour by private sector consultants, as Labor and the Greens call the firms’ bluff on giving evidence to parliament.

Edtech major Byju’s has appointed Arjun Mohan as the chief executive of its international business, said two people with knowledge of the development.  Mohan's appointment comes at a time when the company is battling issues on multiple fronts, ranging from exits of board members and auditors to court cases filed by its bondholders globally,  For more than a decade Mohan was the chief business office with Byju's before joining UpGrad as its chief investment officer in 2020. He quit UpGrad in December 2022. In his previous stint with the decacorn, Mohan had helped Byju's scale domestically and internationally.

Silence truly is deafening at Potentia Capital’s $900 million deal to sell its mining software business Micromine.

By Lisa Richwine

Russia will regard Western F-16 fighter jets sent to Ukraine as a «nuclear» threat because of their capacity to carry atomic weapons, Foreign Minister Sergei Lavrov said on Thursday. Modern warplanes have been at the forefront of Kyiv's demands for military aid from its Western allies as it fights back against Russia's offensive. Lavrov spoke of a US plan to transfer F-16s to Ukraine, although Washington has not given the go-ahead for any country to supply them. «Russia cannot ignore the ability of these aircraft to carry nuclear weapons. No amount of assurances will help here,» Lavrov was quoted as saying by the Russian foreign ministry. «In the course of combat operations, our servicemen are not going to sort out whether each particular aircraft of this type is equipped to deliver nuclear weapons or not.

alliance's annual summit, AP reported. “The Ukrainian delegation is bringing home a significant security victory for the Ukraine, for our country, for our people, for our children," he said while flanked by U.S. President Joe Biden and other leaders from the Group of Seven most powerful democratic nations.

Australia’s richest couple, Andrew andNicola Forrest, have separated but insist the strategic direction of the mining giant they control, Fortescue Metals Group, will not be affected by their decision to pursue independent lives.

environment ministry is learnt to have clarified to the joint committee of Parliament on the Forest (Conservation) Amendment bill, 2023, that it will not allow a «blanket exemption». The committee adopted its original draft on Tuesday without suggesting major changes. As many as six members of the 31-member panel, two each from Congress, Trinamool and DMK have given dissent notes on the report.

Shares of American luxury EV startup Lucid (NASDAQ:LCID) fell more than 10% in early trading Wednesday after the automaker revealed that the company had delivered 1,404 of its Air sedans to customers in the second quarter.

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Best-performing Flexi Cap Mutual Funds in 1 year (till July 11, 2023): Most of the Flexi-cap mutual funds schemes had a good run in one year. While a majority of these funds have given over 18% annualised returns under the direct plan in one year, the low-performing schemes have given 13% to 15% returns in 1 year. However, as many as 16 flexi cap schemes have been able to beat their respective benchmark indices in this duration, according to data on AMFI’s website at the time of writing.

With large-cap funds giving lower returns than small-cap and mid-cap mutual funds, many investors want to know whether they should continue to have large-cap funds in their portfolios or not. In an online Q&A with FE Money recently, Chintan Haria, Head of Investment Strategy at ICICI Prudential AMC shared why investing in large-cap Nifty50-based funds makes sense. He also talked about why the Nifty50 index is considered the ideal way to have exposure to large-cap stocks. Edited excerpts:

The collections under the revamped Senior Citizen Savings Scheme (SCSS) jumped 176% on year to Rs 55,000 crore in the first quarter of the current financial year, indicating a buoyancy in small saving scheme receipts that are being tapped to part-finance the Centre’s fiscal deficit.

real estate investors, such as depreciation deductions, and passive income laws, are critical for maximising investment returns and generating income in the real estate sector. Those who invest in real estate should be aware of additional tax-saving options, such as using self-directed retirement funds, maximising deductions for upkeep and repair charges, or capitalising on the advantages of having real estate professional accreditation “To effectively capitalise on these opportunities, due to the complexity of the tax law, it is essential to engage closely with competent tax specialists that specialise in real estate," said LC Mittal, Director, Motia Group.

labour union Nascent Information Technology Employees Senate (NITES) has filed a complaint with the Ministry of Labour and Employment on behalf of IT employees facing delayed onboarding issues. NITES has alleged that over 200 Tata Consultancy Services (TCS) lateral candidates, who have received offer letters, have been informed that their joining date has been postponed by a period of three months. ET has reviewed a copy of the complaint.

NATO leaders gathered Wednesday to launch a highly symbolic new forum for ties with Ukraine, after committing to provide the country with more military assistance for fighting Russia but only vague assurances of future membership. U.S. President Joe Biden and his NATO counterparts will sit down with Ukrainian President Volodymyr Zelenskyy in the new NATO-Ukraine Council, a permanent body where the 31 allies and Ukraine will sit as equals and be able to call crisis talks.

critical minerals are looking less likely to stymie the transition to a low-carbon economy, the International Energy Agency said in a new report tracking a surge of investment into the mining sector. Investment in the industry has jumped 50% over the past two years, driven chiefly by increases in lithium projects, and a host of newly announced projects indicates that supply is catching up with an anticipated boom in demand through to the end of the decade, the agency said in the report published Tuesday.

Hinduja family has sounded out global credit funds to raise up to $1 billion (about ₹8,200 crore) to finance the potential acquisition of Reliance Capital for which it is the favored bidder after lenders to the insolvent financial services company approved Hinduja's resolution plan, sources familiar with the matter told ET.Farallon Capital, Oaktree, Ares Asia and Cerberus are among the funds that have been tapped in recent weeks to discuss the modalities of the proposed arrangement if the Hindujas were to get requisite court approvals for their bid, sources said. The financing could be backed by shares of Reliance Capital's life and general insurance arms, and the credit funds are likely to seek assurances from the Hinduja Group that such an arrangement will have the consent of the insurance regulator.Timeline Could Vary from 3-6 Mths However, timeline for closing such a financing could vary from 3-6 months depending on how quickly legal hurdles toward completing the acquisition are crossed.

Mumbai: Kotak Mahindra Asset Management Company, among the top 5 AMC’s by assets, will launch  Kotak Quant Fund, an open-ended equity scheme following Quant based investing theme, after three and a half years of research on machine-based investing approach. Quant uses advanced alogorithms to buy and sell based on pre-fed parameters.  The machine in this fund will replace the fund manager in determining the stock picking based on fixed parameters from an eligible universe of stocks filtered by the fund manager.

Himanta Biswa Sarma said that several policemen will lose their jobs till 2026. He said that there are 50,000 policemen in the state, out of which 80 percent are good and 20 percent are not good. “At least 10,000 of police personnel are such which requires checking. Action is taken on four and five of them, the list is long. Due to 80 percent good people in police force we are living peacefully here. No violence and explosions and our condition better than some of our neighbouring states.”Hifzur Rahman, a criminal was shot dead in a police encounter near Assam-Meghalaya border on Monday. He had escaped from Silchar Central Jail on May 11. The encounter took place following intelligence inputs. When the police team tried to arrest Hifzur, he attacked the officers following which the police were forced to open fire in which Hifzur was seriously injured and was sent for treatment at Silchar Medical College and Hospital in Silchar where he succumbed to his injuries. During the wncounter, two policemen also sustained injuries. In 2011, Hifjur was arrested for killing a father-son duo in Karimganj.