Assurant Financial News
08.04 / 07:39
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Samsung retailers in Maharashtra protest over unpaid dues of Rs 50 crore
Samsung retailers in the rest of Maharashtra region have called for a protest in Pune against the South Korean smartphone major over uncleared dues to the tune of Rs 50 crore pending for over a year. State retailer association has raised concerns over inaction within Samsung’s teams after making commitments of clearing the pending dues which arose due to a change in guard in distributorship in the region. Samsung ended a long-standing distributor relationship with SSK, which is part of the Syska group in March 2023 in Maharashtra, appointing two new distributors — Bengaluru-based ABM Group and Kolkata-based Karuna Marketing, ET reported last year in June.
08.04 / 07:07
Booking
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Assurant
information
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NOT
Bandhan Bank's Ghosh not to be part of board post retirement
Bandhan Bank's founder and managing director Chandrashekhar Ghosh will not be part of the bank's board in a non-executive role once he retires on 9 July. Speaking to analysts and investors on Monday, Ghosh clarified that the board will start the process of finding his successor and expects the names of candidates to be finalized by July. Explaining the rationale behind this sudden decision to step down, Ghosh clarified that it was a voluntary decision and that the Reserve Bank of India (RBI) had no role to play in his resignation.
08.04 / 03:31
markets
UPS
Provident
Assurant
trends
Trade
Managed float: RBI has a better handle now on rupee management
After declaring a crackdown on rupee derivatives traded on exchanges without underlying exposure to foreign-exchange risk, the Reserve Bank of India (RBI) extended its deadline for compliance. Circulated in January and slated to take effect from 5 April, RBI’s requirement for market position holders to affirm their need to hedge risk (and submit back-up proof above a point) has been pushed to 3 May.
07.04 / 15:45
markets
Provident
CEO
Assurant
Strategy
show
innovations
LeafHouse, ARS bring managed accounts to retirement plans
A wider swath of Americans could gain access to personalized lifetime income for their retirement thanks to a newly announced collaboration.
07.04 / 09:17
UPS
Booking
Assurant
film
love
stars
rights
What are (some of) the best comic novels?
Snippet. The first description of Aimée: “Her full face was oval, her profile pure and classical and light. Her eyes greenish and remote, with a rich glint of lunacy." The charms of Ignatius Reilly will be lost on some, but the protagonist of John Kennedy Toole’s novel is a comedic colossus. At odds with the modern world, this slothful behemoth of a man-boy farts, belches and bickers his way through a succession of lowly jobs in New Orleans to pay off his drunken mama’s debts, the erratic Mrs Reilly being his only consistent companion.
05.04 / 17:35
Action
Assurant
country
Courts
Interviews
Rajnath Singh reiterates India's stand on PoK; tears into Opposition on allegations of using ED, CBI
Rajnath Singh said that it will always remain India’s and that the time has come to remove Armed Forces Special Powers Act (AFSPA) from Jammu & Kashmir. “PoK was, is and will always remain an integral part of India. “Be assured that the people of Pakistan will themselves demand that they be with India. You must have seen that there were a few demonstrations there since they want to merge with India. After the abrogation of Article 370, normalcy has returned to Kashmir and development has been fast-tracked,” he said in an interview to Network 18 aired on Friday.
05.04 / 09:57
Waters
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WhatsApp
Justice
Courts
SC issues notice to Delhi Jal Board on AAP govt plea alleging non-release of funds
Supreme Court on Friday issued a notice to the Delhi Jal Board (DJB) on a plea by the AAP government alleging non-release of funds to the body which is responsible for supplying potable water to the national capital. A bench comprising Chief Justice D Y Chandrachud and Justices JB Pardiwala and Manoj Misra asked the Delhi government's Principal Secretary (Finance) to release the funds, which the DJB is liable to receive, in the meanwhile. The bench said it wanted to know about the outstanding funds from the water utility itself. The court has now fixed the Delhi government's petition for further hearing on April 10.
05.04 / 09:57
Assurant
Strategy
Healthcare
trends
stage
country
Vaccines
Sanofi gets nod for new polio vaccine in India
Sanofi on Friday said it has obtained approval for IMOVAX-Polio, an alternative injectable vaccine, to replace the Inactivated Polio Vaccine (IPV) ShanIP in India. IMOVAX-Polio is an alternative IPV vaccine that has been used in more than 100 countries for over 40 years, a Sanofi India spokesperson told PTI. The vaccine has the same composition/formulation as ShanIPV, the spokesperson added. «We wish to assure all stakeholders that there will be no shortage of IPV vaccines in India on our account, towards safeguarding the nation's status of remaining polio-free. We remain fully committed to fulfilling our public health mission in India,» the spokesperson noted.
04.04 / 20:30
04.04 / 20:23
Binance
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Crypto regulations
country
reports
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International
Binance Nigeria Case Postponed Until April 19th Amidst Criminal Charges
The arraignment of two Binance executives held against their will by Nigerian authorities has been postponed until April 19 as the country seeks criminal charges against the Nigeria crypto duo, an Abuja court hearing reveals.
04.04 / 12:49
Assurant
Election
President
country
politician
Lok Sabha polls: Robert Vadra to contest against Smriti Irani in Amethi? Priyanka Gandhi's husband says ‘I get requests’
Lok Sabha Elections. ""...The people of Amethi expect me to represent their constituency if I decide to become a member of Parliament...For years, the Gandhi family worked hard in Rae Bareli, Amethi and Sultanpur...The people of Amethi are really troubled by the current Member of Parliament, they think they have made a mistake by electing her..." Vadra told news agency ANI. "Even I get requests from Amethi people that if I join politics, I should choose Amethi. I remember, my first political campaign with Priyanka was in Amethi in 1999," Robert Vadra said.
04.04 / 11:23
markets
COST
Assurant
Sustainability
wellness
Trade
Gold at new record high for 4th time this week
Gold set another record above $2,300 an ounce on the likelihood the Federal Reserve will cut interest rates this year and sustained demand from central banks.
04.04 / 11:15
markets
Target
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Compilation
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reports
In FY24, New India Assurance achieved about $5 billion global premium: CMD
Neerja Kapur, Chairman-cum Managing Director, New India Assurance, reported a global written premium target of Rs 42,000 crore, with unaudited figures showing a total of Rs 41,860 crore for the financial year. The final figures depend on the trial balance and balance sheets. This translates to a $5 billion global premium. When asked about the premium breakdown, Kapur highlighted health as the top-performing segment, noting growth in health and motor segments. You recently closed your books of FY24. How much premium have you done in the fiscal? Has the company achieved the target or has it missed it? How far are you from the target? Neerja Kapur: We had targeted a premium of about Rs 42,000 crore, global written premium and we have completed the financial year and these are unaudited figures as of now. When we compile the premium completion of our domestic market with the premium completion of our foreign offices, the total premium of Rs 41,860 crore and these, of course, will be subject to the finalisation of the trial balance and the balance sheets. It translates into about a $5 billion global premium.
03.04 / 02:49
Assurant
security
Universities
audience
'For Jawaharlal Nehru, it was India second, China first': S Jaishankar's latest barb against former Prime Minister
Jawaharlal Nehru and claimed that past errors were responsible for contemporary issues such as the Pakistan Occupied Kashmir (POK) and China's occupation of certain Indian territories. During his address at the Gujarat Chamber of Commerce and Industry in Ahmedabad, Jaishankar referenced a historical instance when India was offered a permanent seat in the UN Security Council, highlighting Nehru's alleged statement of "India second, China first." Addressing the audience at the Gujarat Chamber of Commerce and Industry, Jaishankar responded to the query regarding whether India should accept the status quo of Pakistan Occupied Kashmir (POK) and territories occupied by China, or pursue efforts to reclaim them.
02.04 / 19:01
COST
Assurant
Pool
Sustainability
Bill
testing
A modest fee is all it will take to sustain the UPI ecosystem
₹2,500 crore a year. Unless we can find them a better way to meet their costs, I worry that there will come a time when the system becomes unsustainable. Credit card companies charge an MDR to help offset the costs they have to incur in guaranteeing payments.
02.04 / 13:25
Citizens
Assurant
War
country
evacuation
When you leave borders, go with full confidence, govt is standing with you: Jaishankar assures safe return home for Indians worldwide
S Jaishankar on Tuesday assured safe return home for Indian citizens worldwide and recalled how India's foreign policy was at the forefront for the evacuation of Indian nationals under Operation Indravati to evacuate its nationals from the violence-hit Haiti and Operation Ganga in Ukraine. He said that the Indians should have full confidence that the government will stand by them in all kinds of eventualities and crises, be it the Ukraine, earthquake in Nepal, war in Yemen, or others and never leave them to their fate. Speaking at the intellectual meet in Gujarat's Rajkot, Jaishankar said, «When you leave the borders of India and go out into the world, then go with full confidence that the Indian government is standing with you.»
02.04 / 03:41
Merit
Assurant
security
economy
Align
Features
GST upsurge: This tax needs to be tweaked
₹1.78 trillion. This is the second-highest monthly mop-up since the tax regime was implemented in mid-2017, topped only by April 2023’s intake of ₹1.87 trillion. For the latest fiscal year ended 31 March, GST revenue stood at ₹20.1 trillion, a 12% increase.
01.04 / 14:37
Provident
Waters
Assurant
information
reports
isolate
boating
Four dead, 45 villages affected in Assam storms; Rescue ops hampered by darkness
heavy rainfall and storm on Sunday four people died and 45 villages have been affected in Assam. Union Home minister Amit Shah took stock of damages. X handle of Chief minister of Assam stated, “HCM Dr @himantabiswa is constantly monitoring the impact caused by heavy rains and storms that hit Assam on 31.03.2024. The State Emergency Operation Centre is coordinating 24*7 with DCs of the 10 affected districts. Following preliminary assessment we regret to inform you of the unfortunate loss of 4 lives. 45 villages have been affected by yesterday’s inclement weather”.
01.04 / 11:31
Assurant
economy
Election
Celebrity
Justice
country
'PM Modi looted public's hard earned money through banks', alleges Congress chief Mallikarjun Kharge
₹ 500 and ₹ 1,000 banknotes. ALSO READ: Justice Nagarathna questions demonetisation's impact on black money eradication: '98% currency came back' In a post on X (formerly known as Twitter), Kharge noted three ways in which the PM Modi-led government is allegedly using the banking sector to loot people of the country. "Modi saheb, banks play a major role in the country's economy, and you have used banks to destroy the unorganized sector and MSMEs...the public's hard-earned money has been looted through banks," he said.
01.04 / 09:11
Action
Assurant
Election
Justice
Department
Courts
No action against Congress on tax demands till July: Govt assures SC
₹3,500 crore until July due to the upcoming Lok Sabha polls. Representing the Union government and the IT department, Solicitor General of India Tushar Mehta made this undertaking before a bench comprising Justice B.V. Nagarathna and Justice Augustine George Masih.
01.04 / 01:39
markets
UPS
Google
Assurant
Browser
Garena Free Fire Max redeem code for April 1, 2024: Win free in-game goodies
Garena Free Fire Max redeem code for April 1, 2024: Garena Free Fire Max is an enhanced version of Garena Free Fire, a battle royale game banned by the Indian government in 2022. Since its launch in India, Free Fire Max has made a name for itself amongst the Indian masses owing to its immersive gameplay and intensive graphics. The release of daily redeem codes by the developers, 111 Dot Studios, only helps add to the excitement with the promise of assured free rewards like skins, diamonds and more.
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