Assurant Financial News

Sundaram Mutual Fund, said, “Sundaram Multi Asset Allocation Fund is an ideal vehicle for long-term risk-adjusted capital appreciation. In addition to the potential of Equity combating inflation in the medium term, Gold also provides a hedge against currency depreciation. Besides, given the inevitability of business cycles, there are always times when the economy goes through a slowdown following rapid expansion – a period in which Gold generally turns out to be the best-performing asset class.

Quant Mutual Fund announced the launch of Quant Consumption Fund, an open-ended equity scheme following the consumption theme. The scheme opened for public subscription on January 05, 2024, and will close on January 18, 2024.

Tamil Nadu have been promised by various companies during the Global Investors' Meet 2024 organised by the DMK government in the state, Chief Minister M K Stalin said on Monday. Delivering his valedictory address at the GIM 2024 organised by the Industries department, Guidance Tamil Nadu and Confederation of Indian Industry, the chief minister said companies have committed to investing a total of Rs 6,64,180 crore in Tamil Nadu and added that it would create as many as 26,90,657 lakh direct and indirect jobs in the state. In his address in the presence of party cabinet colleagues and business leaders, including the chairman of diversified conglomerate Mahindra Group, Anand Mahindra and TAFE Ltd Chief Mallika Srinivasan, Stalin assured the industrialists that all the necessary clearances for the new investments would be issued through single window clearance. «I am happy and proud to inform this august gathering that due to our tireless efforts and your participation during this Global Investors' Meet we have attracted an unprecedented Rs 6,64,180 crore of investments, » Stalin said. «A total of 26,90,657 jobs is expected to be generated from these investments that includes direct employment for 14,54,712 persons and indirect employment for 12,35,945 persons,» he said. «We have set ourselves an ambitious target to make Tamil Nadu a USD 1 trillion economy by 2030 and to play a key role in India's economic growth.

DSP Mutual Fund announced the launch of the DSP Multicap Fund, an open-ended equity scheme investing across large-cap, mid-cap, and small-cap stocks. The scheme opened for public subscription on January 08, 2024, and will close on January 22, 2024. This is an open-ended equity scheme investing across large-cap, mid-cap, and small-cap stocks.

Maldives government the derogatory remarks made by a deputy minister in the island nation, sources informed on Sunday. The development comes amid growing outrage over Maldivian Deputy Minister of Youth Empowerment, Mariyam Shiuna's post on X, making a mocking and disrespectful reference to Prime Minister Modi over his recent visit to Lakshadweep, which lies close to Maldives. The post by Shiuna — which has now been deleted — featured images of PM Modi from his recent visit to the Union Territory. «With regards to the recent remarks by the Maldives Deputy Minister of Youth Empowerment, Mariyam Shiuna, the Indian High Commissioner has taken up the matter in Male,» a source said. Earlier in the day, former Maldives President Mohamed Nasheed condemned the derogatory remarks made by the Shiuna and urged President Mohamed Muizzu to distance the government from the comments. Saying that India was «instrumental» in the security and prosperity of Maldives, the former premier called on Muizzu to give an assurance to New Delhi that the comments don't reflect government policy. «What appalling language by Maldives Government official @shiuna_m towards the leader of a key ally, that is instrumental for Maldives' security and prosperity.

BSP chief Mayawati on Sunday asked her SP counterpart Akhilesh Yadav to introspect before making any unrestrained jibe at her party. Mayawati's comment comes a day after the Samajwadi Party (SP) chief took a jibe at the Bahujan Samaj Party (BSP) while speaking to reporters during an event in Ballia district. Asked whether the BSP would join the INDIA alliance, Yadav questioned in return, «Who will give an assurance after that?» In a post on X in Hindi, Mayawati said, «The SP chief who is helpless owing to his and his government's anti-Dalit policies, habits and style of working, should introspect before making any unrestrained comment on the BSP and check how tainted his reputation is in this strengthening the BJP and reconciling with them.» «Also, who can forget the blessings given by the then SP chief to the BJP before and after winning the parliamentary elections. And then how can the public forget the meetings of the SP leadership with the BJP leadership after their government was formed (in the Centre)? In such a situation, it would be appropriate if SP fights communal forces,» she added.

₹538 crore fraud case with Canara Bank, the founder of Jet Airways conveyed a sense of hopelessness. It’s “better he should die rather than be alive in such a situation", Goyal said with folded hands as reported by PTI. Goyal, in his 70s, also mentioned the health struggles of his wife, Anita, currently struggling with an advanced stage of cancer.

ALSO READ ICC T20I World Cup 2024: ICC unveils schedule, India to play Pakistan on June 9 in New York However, the CricTracker report claims the ground will be broken in February and re-constructed to make it ready for the epic clash. Taking to X, Penna shared a video and a few images of the stadium.

Transport unions continue to demand the rollback of new provisions for hit-and-run accidents, even as GoI has assured striking bus, truck and tanker drivers that the new provisions will not be implemented without further consultation. Sure, GoI must hear out the protesters.

India’s foreign minister has concluded a two-day trip to Nepal during which he signed an agreement to increase the amount of electricity India imports from its neighbor

Guwahati: In Assam the 12-hour state-wide driver protest seeking the scrapping of the new hit-and-run law caused massive disruption in the transportation of goods and passenger service. In Shillong tourist taxis across joined the strike. Following discussion with the transport department the drivers’ body has decided to shorten the strike from 48 hour to 24 hours.

Transporters' unions of Assam, whose strike against the new penal law on hit-and-run cases brought commercial vehicle services to a standstill on Friday, decided to call off their agitation, an official said. The strike will be withdrawn at 5 am on Saturday, he said. The decision to call off the 48-hour strike was taken following discussions with the state government.

retirement planning. Although not an absolute assurance, it establishes a distinct goal to strive for, offering a tangible benchmark and imparting a sense of the financial stability required for a retirement characterised by comfort. Crafting your retirement fund involves more than just ensuring financial survival; it revolves around securing the freedom to pursue your passions and lead a gratifying life during retirement.

pulses, the government has launched a new portal that will enable the National Agricultural Cooperative Marketing Federation of India (Nafed) and the National Cooperative Consumers' Federation of India (NCCF) to purchase tur dal (pigeon pea) directly from registered farmers. The portal was launched by Union Home and Cooperation Minister Amit Shah.

on an upswing and investors are encouraged to lock their investment in these deposits, one can explore the prospect of investing in another financial instrument i.e., debt mutual funds particularly the long duration ones. Although debt schemes became relatively less attractive in early 2023 after the phasing out of indexation benefit in Finance Bill 2023, the investors still opt for them for the assured returns they offer. Experts argue that the ongoing bull market has triggered the need for portfolio rebalancing which means investors are recommended to sell some of their equity assets and redeploy the proceeds to buy debt schemes so that their predetermined equity-debt ratio remains intact.

India plans to set up its own protection and indemnity (P&l) entity called India Club for providing third-party maritime insurance to Indian ships operating in the country’s coastal regions and inland waterways, a top government official said. Coverage for shipping in international waters may come at a later point. Such an entity would provide insurance cover for unforeseen situations such as damage caused to cargo during carriage, damages from war, and from environmental risks.

The Federal Deposit Insurance Corporation (FDIC) has announced significant changes to its official signage and advertising rules. This update, the first since 2006, aims to extend the confidence and assurance traditionally provided by the FDIC's physical signage to the rapidly evolving digital banking landscape.

Kayi bar rajtilak hote-hote vanvaas bhi ho jata hai (sometimes one ends up in exile while waiting for coronation)." His statement as many speculated his role in the Bharatiya Janata Party (BJP) after being replaced by Mohan Yadav as the chief minister of the state. Chouhan said this while replying to the women at an event organised in Madhya Pradesh's Sehore district on Tuesday evening. At the programme, a few women shouted, "Hume chod kar kahin mat jaiye, Mama bhaiya.

Amber Group company, has acquired 60% stake in Ascent Circuits Pvt. Ltd.

Adani Group on Wednesday held discussions with the Telangana government to set up a data centre and aerospace park in the state, an official release said. Adani Group representatives led by CEO of Adani Ports and SEZs Karan Adani and CEO of Defence and Aerospace Ashish Rajvanshi met Chief Minister Revanth Reddy in Hyderabad. The chief minister assured the Adani delegation that the state government would provide the required amenities, infrastructure and subsidies to new industries to promote industrial growth and create more employment opportunities.