Assurant Financial News

Taranjit Singh Sandhu, offered prayers at a gurudwara in Long Island in New York on the occasion of Gurpurab where a group of Khalistani supporters heckled him but they were escorted out by members of the Sikh community. «Privileged to join the local Sangat, including from Afghanistan, at Guru Nanak Darbar of Long Island in celebrating Gurpurab- listened to Kirtan, spoke about Guru Nanak's everlasting message of togetherness, unity, & equality, partook langar, and sought blessings for all,» Sandhu said in a post on X on Sunday. Sandhu received a warm welcome at the Hicksville Gurdwara against the perceived notion of opposition from Khalistanis.

risk tolerance and financial goals. Exercising patience and maintaining a steadfast focus on predetermined objectives are, in fact, fundamental elements for optimizing the advantages of mutual funds. These two factors play a pivotal role in achieving successful long-term investments, particularly in navigating market fluctuations and short-term volatility.

Uttarkashi tunnel rescue LIVE: In Uttarakhand's Uttarkashi a portion under-contruction tunnel from Silkyara end caved in on November 12 trapping 41 workers. The workers have been trapped since and rescue operation is ongoing. The multiple-agency led rescue efforts initial plan was to rescue workers through horizontal drilling with the expertise of international tunnelling experts.

Indian startups that published financial results for 2022-23 reported a combined loss of ₹26,000 crore. Usually, 20% of startups fail in the first two years. The second myth is that one can become an overnight success.

The coming week should be interesting, as significant economic data releases and critical new flows are expected to provide direction to the market, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Among the domestic data sets, India's quarterly GDP figures, monthly auto numbers, and exit polls from the recently concluded state elections are likely to weigh on markets, Singh said. Nifty ended flat while Bank Nifty with declines of 0.9%. What is the outlook for next week? Markets have been trading with a positive tilt in recent weeks, but the key indices, Nifty, Bank Nifty, and Sensex, have been unable to break above recent highs. And, with investor interest in the primary market increasing, as well as profit-booking, we should expect increased volatility in the coming week.

By Umaru Fofana

₹1.43 lakh crore in the first half of the current financial year, according to data on segment-wise gross direct premiums up to September 2023 released by Insurance Regulatory and Development Authority of India (Irdai). Private insurers registered an annual increase of 14.86 per cent in gross direct premiums. The non-life industry had underwritten gross direct premium (GDP) of ₹1,25,194 crore in the April-September period of 2022-23.

Private general insurers increased their combined market share to 53.58 per cent in gross direct premium underwritten in the first half of the current financial year from 50.81 per cent in the year-ago period.As many as 31 insurers from the non-life industry had underwritten gross direct premiums of Rs 1.43 lakh crore in the first half of the current financial year, according to data on segment-wise gross direct premiums up to September 2023 released by Insurance Regulatory and Development Authority of India (Irdai).Private insurers registered an annual increase of 14.86 per cent in gross direct premiums.

Yogeshwar Dutt neither praised nor criticised the new selection policy of the IOA-constituted ad-hoc panel for wrestling, which states that Olympic quota winners will have to compete against a challenger to book a ticket to the Paris Games. As per the new policy, the wrestling squad for the Paris Olympics will be finalised through a two-step selection process, where the grapplers, who have earned quota places for the country, will compete against a challenger on June 1 and the winner will represent India in the quadrennial showpiece.

general insurers increased their combined market share to 53.58 per cent in gross direct premium underwritten in the first half of the current financial year from 50.81 per cent in the year-ago period. As many as 31 insurers from the non-life industry had underwritten gross direct premiums of Rs 1.43 lakh crore in the first half of the current financial year, according to data on segment-wise gross direct premiums up to September 2023 released by Insurance Regulatory and Development Authority of India (Irdai).

Insurance behemoth Life Insurance Corporation (LIC) is considering the establishment of a fintech unit. LIC has launched a comprehensive digital transformation project named DIVE (Digital Innovation and Value Enhancement) and has enlisted a consultant to lead the initiative, LIC Chairman Siddhartha Mohanty said in an interview with PTI. "Our objective is to get best in class digital initiatives for all our stakeholders, customers, intermediaries, marketing people and everybody through the project DIVE," he said.

Securities and Exchange Board of India (SEBI) has pledged to address the issue of inflated valuations in Initial Public Offerings (IPOs) as several companies flood the market with their share sales. This week witnessed five companies, including Tata Technologies, launching their IPOs, accumulating an unprecedented ₹2.6 lakh crore in application amounts.

expert Arnold Dix expressed optimism about the safe return of the 41 workers trapped in Uttarkashi's Silkyara tunnel, expressing hope that they would be home in time for Christmas. In a conversation with ANI, Dix emphasized the importance of the rescue operation focusing on ensuring the safe return of the labourers and rescuers. Also Read | Uttarkashi tunnel collapse: Auger drill stuck in the rubble, trapped workers likely to remain stuck for weeks: Top 10 updates Dix stated, "It may take some time, perhaps up to a month, but I cannot specify the exact timeline.

Maharashtra's Deputy Chief Minister Devendra Fadnavis, has called the current level of interest charged by the state government's housing body MHADA from realty developers high and stated the need to lower the same to bring it at par with that of the Municipal Corporation of Greater Mumbai (MCGM). Fadnavis stated that the state government would soon review the matter and ask MHADA to submit a proposal; so that the current rate of 18% of compounded interest would be brought down to the rate charged by the MCGM. «MHADA charging 18% compound interest is really high and it is absolutely not right to charge so much of interest. The interest rate should be at par with the banks.

After her interaction with Virender this morning, Sunita said, «Today we talked about 10 minutes… He did not eat this morning. He told me that he does not want to eat… We are very anxious now. He looked very stressed and impatient.

BRS government in Telangana over its alleged failures, Union Home Minister Amit Shah on Saturday said in the last 10 years, the Chief Minister K Chandrasekhar Rao-led dispensation, barring engaging in corruption, has done nothing concrete for the people. Addressing a press conference, he said the people of Telangana are ready to see off the BRS government in the November 30 assembly polls.

Delhi, a bustling metropolis of 20 million residents, grapples persistently with the ominous distinction of being the world’s most polluted capital. Despite annual assurances from the government to address this escalating crisis, the city continues to be shrouded in poor air quality, exacerbated by vehicular emissions and the burning of agricultural waste in neighboring states.

Call of Duty (CoD) series is anticipated for a fall 2024 release, with a probable launch in October or November, based on the historical pattern of the franchise's release schedule. Despite Microsoft's recent acquisition of Activision Blizzard, assurances have been made by Phil Spencer that Call of Duty games will continue to be available on PlayStation consoles, with a deal also in place for future titles on Nintendo hardware. The uncertainty around the franchise's future on PlayStation has been overshadowed by the completion of the acquisition, granting Xbox more control over its destiny. The game is expected to release on the standard platforms, including Xbox, PlayStation, and PC, with the possibility of an extension to Nintendo consoles due to a potential long-term agreement. As for the game's setting and timeframe, while leaks have suggested a focus on the 1993 Battle of Mogadishu in Somalia, conflicting reports indicate diverse possibilities. Some sources suggest a return to the Black Ops series, specifically a title named Black Ops Gulf War, set in the early 90s with a more traditional, boots-on-the-ground style of gameplay. Contrarily, industry insider Tom Henderson hinted at a semi-futuristic approach in Treyarch's next game. Other rumors speculate on the Iraq War in the early 2000s. The lack of consensus makes predicting the game's specifics challenging at this stage.

Nicholas Hoult, the actor known for his roles in «About a Boy» and «The Great,» is reportedly set to take on the iconic role of Lex Luthor in James Gunn's upcoming film, «Superman: Legacy.» The news has stirred mixed feelings, considering Hoult's evolution as a versatile actor with a knack for complex characters. The casting choice hints at a potentially youthful direction for Superman, despite Gunn's assurances to the contrary. Hoult, at 33, is poised to engage in a face-off with David Corenswet's 30-year-old Superman, suggesting a narrative shift towards a younger dynamic.

Pramerica Life Insurance recently launched its newest product, Pramerica Life RockSolid Future. This recently introduced plan is an individual, non-participating, non-linked savings life insurance plan. It provides policyholders with the flexibility to choose between guaranteed regular income or a lump sum payout upon maturity, accompanied by tax benefits.

On the BSE, Prataap Snacks(down 6.66 per cent), Forbes Company(down 6.54 per cent), Laffans Petro(down 5.80 per cent), Mahaveer Infoway(down 5.00 per cent) and Raja Bahadur(down 5.00 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 18 stocks traded in the green, while 31 stocks traded in the red.