Assurant Financial News

Best Performing Tax Saving (ELSS) Mutual Fund Schemes in 1 year (till July 5, 2023): Except for one scheme, direct plans of all other tax-saving mutual fund schemes have given over 20% annualised returns in one year. Data on the website of the Association of Mutual Funds in India (AMFI) at the time of writing shows that direct plans of as many as 11 ELSS funds have given over 27% returns in this duration.

SILVERSTONE, ENGLAND: Formula One has its pitstops and pitlane and this weekend's British Grand Prix will also have Brad Pitt getting in on the action. The 59-year-old Hollywood actor's as-yet-untitled Formula One movie starts filming at Silverstone against the race backdrop, with the production having its own garage and pitwall stand as a fictional 11th team. The driver boards above the garages, photographed in place this week, feature the unfamiliar names of Sonny Hayes and Joshua Pearce, also known as Pitt and British actor Damson Idris.

stocks of Jindal Steel, Punjab National Bank, IDBI Bank, Canara Bank, TVS Motor Corp, and Tube Investments were upgraded from mid-cap to large-cap by the Association of Mutual Funds in India (AMFI) in its semi-annual classification of stocks.Mankind Pharma, listed recently after a primary market offering, was a new entrant in the large-cap category. In a list released by AMFI on Wednesday, companies such as FSN E-Commerce (Nykaa), JSW Energy, Tata Elxsi, Indus Towers, and Page Industries were downgraded from large-cap to mid-cap.

Nickelodeon’s All-Star Brawl 2 is in making and may hit the shelves soon. For those unaware, which is unlikely to be the case, the All-Star Brawl hit markets in late 2021. Alongside the title, the roster included 20 playable characters.

NEW DELHI : Maruti Suzuki, India’s leading automaker, is diversifying its premium lineup with the launch of the Invicto, a seven-seater hybrid multi-purpose vehicle based on the Toyota Innova HyCross. Priced at ₹24.79 lakh ex-showroom, it is Maruti Suzuki’s most expensive offering in the market to date. The Invicto will be manufactured at Toyota Kirloskar Motor’s facility in Bidadi, Karnataka, where it also produces all variants of the Innova MPV.

New Delhi: In a significant move aimed at promoting renewable energy sources and reducing dependence on fossil fuels, Union minister Piyush Goyal launched a new Sugar-Ethanol portal on Wednesday.  The portal, unveiled during the ‘National Conference of Food Ministers of States/UTs’, aims to enhance the production and utilization of ethanol derived from sugarcane in India. The conference, organized by the Department of Food and Public Distribution (DFPD), brought together key stakeholders to discuss various aspects of foodgrain procurement, distribution, and policy reforms.  Goyal, while addressing the gathering, emphasized the importance of renewable energy and the need for India to transition towards a cleaner and greener future.

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Certification to the Antibiotic Manufacturing Standard will be a clear sign that manufacturers in the global antibiotic supply chain are taking necessary steps to ensure antibiotics are made responsibly, helping to minimize the risk of releasing antibiotic waste emissions into the environment.This follows the publication of the globally applicable industry standard in June 2022. The standard was facilitated by BSI for the AMR Industry Alliance, an organization made up of over 100 companies and associations from across the life-sciences industry with the shared goal of providing sustainable solutions to curb AMR.The new certification, developed by BSI to support the Standard, will offer independent third-party verification that waste streams containing antibiotic active pharmaceutical ingredient (API) and drug products are appropriately controlled during manufacturing by pharmaceutical companies.

Starting July 7, 2023, Binance will cease to facilitate deposits and withdrawals of several cross-chain bridge tokens associated with the Multichain project across specified networks. 

IMF's executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday. The Pakistan government and the International Monetary Fund (IMF) reached a long-awaited staff-level agreement on June 29 to inject USD 3 billion into the ailing economy after months-long negotiations that pushed the country to the brink of default.

Florida were in for a frightening surprise when a shark was spotted casually swimming among people. The incident occurred on Navarre Beach and a brief 56-second video was captured of the event. In the video, the shark can be seen gracefully flapping its fins and tail, as it swims near the shore.

PwC Australia’s long-time legal counsel Meredith Beattie is retiring as the firm’s incoming chief executive Kevin Burrowes announces major leadership changes.

Conservative Party staffers dancing and drinking at a 2020 Christmas soiree. The «jingle and mingle» party at Conservative headquarters was held when indoor social mixing was barred under rules imposed to curb the spread of the coronavirus. The Metropolitan Police force said it also was looking into a gathering in Parliament on December 8, 2020 reportedly attended by members of the House of Commons and the House of Lords.

NEW DELHI : The SUV market in India, particularly in the popular mid-SUV category, is experiencing a surge in competitive intensity, triggering a price war, Kia India chief executive and managing director Tae Jin Park said on the sidelines of the launch of the new, mid-life facelift of its best-selling SUV Seltos. Kia is investing heavily to expand its capacity, sales network, as well as product development, in India, and is ready to take a hit on profitability to grow its market share to counter a series of launches of aggressively-priced vehicles by Japanese and Indian automakers. Kia is betting on doubling its market share from 5% to 10% within five years, and launch hybrid products in the next two years.

Alliance (TIPRA Motha) chief Pradyot Bikram Manikya Deb Barma on Tuesday announced that he has decided to quit politics and public life. In a video message published by Deb Barma, the royal scion is heard saying ‘I have decided to give something to people and quit politics and public life’. “I don't want to do politics anymore, I want to give something to the people.

The head of the U.N. nuclear agency is meeting with Japanese government leaders on his visit before treated radioactive wastewater is released into the sea from the damaged Fukushima nuclear plant

By Lewis Jackson

In today’s uncertain times, individuals naturally strive to grow their savings, meet financial goals, and secure their future. As a result, they seek investment opportunities that offer high tax-free returns with minimal risk. Among the array of options available, Guaranteed Return Plans stand out for their exceptional benefits, providing a stable and assured income with minimal risk. To top that, the impressive guaranteed return of up to 7.5% definitely tips the scale in its favour. However, timing is crucial in capitalizing on this opportunity as the current favourable returns may not be around forever.

Top-performing BSE Sensex Index Funds in 5 years: The benchmark BSE Sensex index has jumped over 82% in 5 years from 35,657 in the first week of July 2018 to 65,205 points at the time of writing today. During this period, as many as five index funds tracking the BSE Sensex Total Return Index (TRI) have given an average annualised return of around 13.5%. In this period, the BSE Sensex TRI has grown by 14% annually.

Top-performing Index Funds in 5 years: The benchmark Nifty 50 index has jumped over 79% in 5 years from 10,772 in the first week of July 2018 to 19,313 points at the time of writing today. During this period, as many as 11 index mutual funds tracking the Nifty 50 Total Return Index have given an average annualised return of around 13%. In this period, the Nifty 50 TRI has grown by 13.7% annually.

China set export restrictions on two minerals the U.S. says are critical to the production of semiconductors, missile systems and solar cells, a show of force ahead of economic talks between two rivals that increasingly set trade rules to achieve technological dominance. The minerals—gallium and germanium—and more than three dozen related metals and other materials will be subject to unspecified export controls starting Aug.