Assurant Financial News

Bajaj Auto initiated the launch with the refreshed Chetak Urbane. The updated base variant features a modified range, drum brakes, and a single Eco riding mode. Additionally, it comes with a more economical price starting at ₹1.15 lakh, and the Tecpac variant, offering enhanced connectivity options, electronic aids, and an extra riding mode, is priced at ₹1.21 lakh (all prices, ex-showroom).

«I condemn in the strongest possible terms the senseless and most heinous acts perpetrated by foreign terrorists,» said President Ferdinand Marcos Jr. «Extremists who wield violence against the innocent will always be regarded as enemies to our society.» The blast in Marawi, a city besieged by pro-Islamic State militants for five months in 2017, followed the killing of 11 combatants in a military operation on Friday in Maguindanao del Sur some 200 km (125 miles) away. Urging calm, Marcos posted on the social media platform X that he had instructed the national police and armed forces «to ensure the protection and safety of civilians and the security of affected and vulnerable communities». «Rest assured we will bring the perpetrators of this ruthless act to justice.» Army Major General Gabriel Viray III called the attack at the Mindanao State University «a terror act», speaking to reporters as explosive disposal experts were deployed. «Right now we are on heightened alert and our troops remain vigilant as we are determining the motive and identifying the perpetrators to really ascertain who was behind it,» Viray said.

Bittrex Global, headquartered in Liechtenstein, has announced its decision to wind down operations. This process will begin with a cessation of all trading activities effective December 4, 2023. This announcement follows a period of regulatory challenges and legal proceedings that have impacted the company's operations.

Apple is likely to bring tetraprism camera technology to both iPhone 16 Pro models next year, which will enable at least 5x optical zoom and 25x digital zoom on the Telephoto lens. In order to assure manufacturing yields for the higher number of units necessary, Apple will add LG Innotek as another supplier of the folded zoom module utilised in the technology, reports MacRumors.

Insurance behemoth LIC on Wednesday launched its guaranteed return plan, Jeevan Utsav. It is a non-linked, non-participating, individual savings, whole life insurance plan, LIC said in a regulatory filing.

renewable energy sector, the global landscape is evolving, with significant implications for sustainable energy initiatives. The ongoing COP28 conference is poised to be a crucial platform for nations worldwide to deliberate and implement strategies to combat climate change with a special focus on the mobilisation of climate finance and structural reform of the global financial system. India has emerged as a centre point for renewable energy investments, witnessing over $78 billion of capital infusion into the renewables sector since 2014.

Adani Group is working on a plan to raise $350 million through dollar bonds next year, primarily to refinance a $500 million RG1 (restricted group 1) bond due to mature in December 2024. RG1 is restricted group with solar generation capacity of 930 MW and includes three subsidiaries of Adani Green — Adani Green Energy (UP) Limited, Parampujya Solar Energy Private Limited (PSEPL) and Prayatna Developer Private Limited. The group may also call the bonds in July 2024, six months ahead of maturity.

One Punch Man, enthusiasts have been eagerly counting the days until the release of the next installment, Chapter 198. While an official release date is yet to be announced, the manga generally adheres to a biweekly schedule. Analyzing the pattern, a tentative release date can be estimated for the next chapter.

semiconductors. Earlier this week, it announced that three more chip fabrication units in India will be announced in another few months. The total investment will reportedly be of the order of $8-12 billion.

concerns raised by proxy advisory firm Institutional Investor Advisory Services India Ltd (IiAS) amid the public spat between Singhania and his wife. In an open letter to the independent directors, the proxy firm requested them to assuage the concerns of the investors and other stakeholders, probe the allegations against the promoters, and protect the company.

WhiteOak Mutual Fund announced the launch of the WhiteOak Capital Large & Mid Cap Fund, an open-ended equity scheme investing in both large-cap and mid-cap stocks. The scheme opened for public subscription on December 01, 2023, and will close on December 15, 2023.

Raymond has appointed Berjis Desai senior independent legal counsel to advise the board on affairs that lie outside their remit, the company said in a stock exchange filing. 'Independent directors have over the last few weeks been monitoring the situation so far as it affects the company and minority shareholders, and reiterate their commitment yo protect at all times tbe interest of non promoter shareholders, employees and stakeholders' tbe filing said.

Sukanya Samriddhi Scheme (SSY). This shift is primarily driven by apprehension regarding the freezing of investments in the latter. For those unfamiliar, SSY is a government-backed savings program specifically crafted to safeguard the future of girls.

Bhagwant Mann on Friday announced a hike of Rs 11 per quintal in sugarcane price, saying the new rate of Rs 391 a quintal is the highest in the country. The announcement came days after the chief minister assured farmers of «good news» in the coming days.

New India Assurance, having surged 50% in the past five trading sessions, has opted for an annual revision of health insurance premiums, moving away from the previous practice of increasing tariffs every three years. Shares of New India Assurance gained 10% in Thursday's session to Rs 255.85 on the Bombay Stock Exchange, when the index rose 0.13%.

British ex-Treasury chief Alistair Darling has died at age 70

A collective of public and private sector banks posted the highest annual net headcount addition in the last 10 years as they hired 123,000 employees last fiscal, as per latest data released by the Reserve Bank of India. The record additions are being driven by aggressive hiring by private banks across functions such as customer interface, lending, assurance, and technology to drive their branch expansion into tier 3 and rural areas. Net headcount addition in FY23 surged 61% over FY22, boosting the total employee count 7.4% year-on-year to 1.76 million. The sector saw its highest-ever annual net addition in FY11 at 125,000, followed by 124,000 in FY12. As per an exclusive study for ET by specialist staffing firm Xpheno, the top 15 private banks added on average 350 employees each working day of 2023. «If we add the replacement hiring count, the onboards per day moves up to nearly 600 per working day,» said Kamal Karanth, co-founder, Xpheno.

Also Read: Nifty 50, Sensex jump 5% each in November; Investors earn over ₹24 lakh crore Several factors contributed to this impressive rally. The decline in crude oil prices, a reduction in US bond yields, a weakened US Dollar Index, robust Q2 earnings, and strong domestic liquidity played pivotal roles. Additionally, positive GDP estimates from S&P Global Ratings, projecting India to achieve a GDP growth rate of 6.4% for FY24, added to the optimistic sentiment.

Domestic benchmark index NSE Nifty ended 36.55 points up at 20133.15, while the BSE Sensex closed 86.53 points up at 66988.44. On the other hand, Navkar Corp, Gufic BioSci, New India Assurance, LGB Forge and Global Education stocks hit their fresh 52-week highs today.

Shares of Prestige Estates Projects Ltd.(up 5.28 per cent), Brigade Enterprises Ltd.(up 4.88 per cent), Macrotech Developers Ltd.(up 3.64 per cent), Sobha Ltd.(up 2.49 per cent) and Phoenix Mills Ltd.(up 2.2 per cent) ended the day as top gainers in the pack. On the other hand, DLF Ltd.(down 1.85 per cent) finished as the top losers of the day.

Shares of L&T Technology Services Ltd.(up 1.99 per cent), Wipro Ltd.(up 1.67 per cent), Coforge Ltd.(up 1.16 per cent), HCL Technologies Ltd.(up 0.52 per cent) and MphasiS Ltd.(up 0.41 per cent) ended the day as top gainers in the pack. On the other hand, LTIMindtree Ltd.(down 0.92 per cent), Tata Consultancy Services Ltd.(down 0.74 per cent), Persistent Systems Ltd.(down 0.66 per cent), Infosys Ltd.(down 0.3 per cent) and Tech Mahindra Ltd.(down 0.06 per cent) finished as the top losers of the day.