Career Financial News

LIC on Thursday announced the launch of 'Jeevan Samarth', an initiative aimed at transforming the agency ecosystem. To achieve this, Life Insurance Corporation (LIC) has partnered with a global consulting firm, which will undertake this agency transformation project by reviewing its existing agency framework on an end-to-end basis. It will also entail revamping the agency operations at the branch, division and zonal level directed towards establishing global best practices in the wake of the fast-changing industry and regulatory landscape of the insurance sector, LIC said in a statement. LIC Chief Executive Officer and Managing Director Siddhartha Mohanty said, «Through the 'Jeevan Samarth' project, we aim to transform our agency ecosystem to align with the rapidly evolving needs of millions of Indian families and provide them suitable long-term savings, protection, health insurance, ULIP and pension solutions».

Virat Kohli has thanked Prime Minister Narendra Modi for a congratulatory call following the team's T20 World Cup triumph on Saturday. Kohli, who received the Player of the Match award for his crucial innings of 76 runs against South Africa in the final, responded to PM Modi on X, appreciating his kind words and encouragement. «Dear @narendramodi sir, thank you so much for your very kind words and unwavering support. It has been an honor to be part of this team that has brought the trophy home. We are deeply touched and overwhelmed by the joy it has brought to the entire nation,» Kohli wrote.

Marko Kolanovic has had a 19-year career at JPMorgan predicting movements in global markets, and during that career he's got many things right. More recently, though, he's got quite a few things wrong. Kolanovic's apparently involuntary exit today from his job as chief global market strategist, and his replacement by his junior, is a sharp reminder that if MDs don't jump the hoops, they will be out. 

Kamala Harris as a potential replacement. She has remained mum on this issue and has fully extended her support to Joe Biden. The New York Times has reported that the VP is actively considering the prospects of gunning for the top position and is also discussing the possible names of those who can be her running mate and who will contest the Vice-Presidential election. The candidate will have to be white man from a swing state who can help the party garner the required votes.

It looks like loyalty is dead in the wealth advisory space, as a significant portion of financial advisors in the US are contemplating a change in their employment, according to the JD Power 2024 US Financial Advisor Satisfaction Study.

New York’s oldest and most storied bank has named the next leader for its global wealth and investments business.

Zach Mersberger’s passion for helping small and medium-sized business owners stems from his own first-hand experience of building out his own firm.

cricket fans lamented, one person was happy that Abhishek got dismissed for zero. It was Yuvraj Singh.Yuvi has played a major role in Abhishek’s young career and always backed him even during his hard times. Soon after Abhishek was awarded the Player of the Match for his blistering hundred, he made a video call to his mentor."Very proud! Well done, very proud.

Deloitte survey shows. “Automotive OEMs are projecting the highest salary increments across all sectors in 2024, which is 100-140 basis points (or, 1-1.4 percentage points) above India average of 9.0%-9.5%,” said Neelesh Gupta, partner at Deloitte India. Most organisations that follow the April to March fiscal cycle hand out salary increments during April to July. About 84% of the companies surveyed by Deloitte have already doled out this year’s increment.

July 2024 will present hardships for many, but some will have greater health and prosperity. Based on their birth year within a 12-year cycle, each person has a Chinese zodiac. Like dogs and dragons, every animal has its advantages and disadvantages, as reported by Express.

It's not only portfolio managers who have careers circulating between multistrategy hedge funds. These opportunities are open to compliance professionals too. Nathan Perrone, who's been working in equities compliance at Millennium, has availed himself of one.

Anand Mahindra lauded Rahul Dravid, calling him a true role model and highlighting the mark of his character. Mahindra’s praise came in response to Dravid's commendable decision regarding a an extra bonus offered by the BCCI. According to a Press Trust of India report, former India head coach Rahul Dravid recently refused an additional bonus of Rs 2.5 crore offered by the BCCI following India’s T20 World Cup triumph in the Americas. Despite the board’s intention to reward him with Rs 5 crore, equal to the players' bonuses, Dravid chose to accept only the due amount of Rs 2.5 crore, what the other coaching staff got. Dravid’s tenure as India coach was originally set to end after the previous year’s 50-over World Cup, but he stayed on through the T20 World Cup at the behest of skipper Rohit Sharma and the BCCI, who felt it was too short notice to bring in a new coach. After successfully concluding his tenure as India’s head coach with a World Cup win, Dravid is contemplating his next career move. There are speculations about him joining an IPL franchise as a mentor. However, for now, he seems keen on taking a step back to relax after over two years of intense coaching.

Three Olympians stand on their stair-step pedestals, in order of victory. Who’s the most miserable? Second place. Whether an athlete eyeing the gold medalist, or an executive who narrowly lost out on a corner office job, the runner-up’s mental refrain is the same, notes executive coach Brad Stulberg: “I just almost made it." And quickly, “you start to wonder, well, am I ever going to make it?" Call it the curse of the silver medalist.

Michigan University have now got an option of suing the US Government over activities by ICE agents which involved them getting duped of thousands of dollars in tuition fees. This was made possible following a ruling by the US Court of Appeals for the Federal Circuit, who have ruled in favor of the students who had been arrested by ICE agents for studying at University of Farmington in Farmington Hills.

Mint spoke to three senior teachers at Unacademy who, along with about 60 others, were informed of their salary cuts in mid-June over a video call . The firm that had recruited faculty members at a frenetic pace in 2022, is now facing a sluggish student admission numbers. "So far 7,000 students enrolled in Kota this academic year, versus 10,000 last year," said a senior Unacademy faculty member who has taught in the coaching centre for more than two years.

A relatively slow cooling in the overall Canadian labour market combined with surging levels of unemployment among Canada’s youth is a trend that experts say could leave the country’s youngest workers with “economic scarring.”

Lakers selected LeBron James' oldest son Bronny James last week in the second round of the draft after one season at the University of Southern California (USC). This will be the first time in NBA history that a father-son duo will be playing at the same time let alone for a same side. James has long spoken of his desire to play in the NBA alongside his son. Also Read: COVID-19 reaches high level. Hospitalization, emergency visits, deaths go up. What have CDC data revealed?

Eight years ago Yuriko Koike became the first woman to lead Tokyo, beating her male predecessor

Jeremy Irons has joined the cast of "The Morning Show" for its fourth season. He will play Martin Levy, the father of Alex Levy, portrayed by Jennifer Aniston.

₹2.5-lakh tax exemption limit but own foreign assets must file an ITR to declare these assets. Also read | Income tax deadline looms: Know your ITR forms to avoid penalties Foreign stocks and stock options are to be disclosed in Schedule FA every year that the taxpayer holds them, and not just when they are sold. Failing to do so could attract hefty fines and prosecution under the black money law.

zodiac signs in July may affect careers, relationships, monetary positions as well as matters related to the heart in one way or the other. July is also important in Astrology because many astrologically important events will take place that may affect people. Besides, Mercury, Venus, and the Sun take retrograde positions in Aquarius on July 3, July 12, and July 23 respectively. Pluto will have a polarizing and impenetrable influence this month and it will challenge three personal planets.