NIC Financial News
17.12 / 00:37
COST
Provident
NIC
Sustainability
wellness
reports
orienteering
Govt weighs ₹5,000 crore capital infusion for three PSU insurers as losses return
₹5,000 crore into three loss-making and financially weak public sector general insurers—United India Insurance Co. (UIIC), National Insurance Co.
06.03 / 02:25
Cooper
NIC
Williams
Matthews
Baxter
Patterson
Western Australia vs New South Wales Live Score: Match 27 of Sheffield Shield, 2024/25 to start at 08:00 AM
Venue : W.A.C.A. Ground, Perth Western Australia squad - Ashton Turner, Cameron Bancroft, Corey Wasley, Hilton Cartwright, Jayden Goodwin, Sam Fanning, Teague Wyllie, Aaron Hardie, Ashton Agar, Cameron Green, Cooper Connolly, D'Arcy Short, Keaton Critchell, Mitchell Marsh, Baxter Holt, Joel Curtis, Josh Inglis, Sam Whiteman, Andrew Tye, Brody Couch, Bryce Jackson, Cameron Gannon, Charlie Stobo, Corey Rocchiccioli, Hamish McKenzie, Jason Behrendorff, Jhye Richardson, Joel Paris, Josh Vernon, Lance Morris, Liam Haskett, Mahli Beardman, Matthew Kelly, Sam Greer New South Wales squad - Blake Nikitaras, Daniel Hughes, Joel Davies, Kurtis Patterson, Matthew Gilkes, Nic Maddinson, Oliver Davies, Ryan Hackney, Sam Konstas, Steve Smith, Chris Green, Chris Tremain, Hayden Kerr, Jack Edwards, Moises Henriques, Josh Philippe, Lachlan Shaw, Ryan Hicks, Adam Zampa, Ben Dwarshuis, Charlie Anderson, Hanno Jacobs, Jack Nisbet, Jackson Bird, Josh Hazlewood, Liam Hatcher, Mitchell Starc, Nathan Lyon, Pat Cummins, Ross Pawson, Ryan Hadley, Sean Abbott, Tanveer Sangha, William Salzmann Western Australia vs New South Wales Match Details Match 27 of Sheffield Shield, 2024/25 between Western Australia and New South Wales to be held at W.A.C.A.
26.02 / 13:15
markets
COST
NIC
Progressive
Trade
rock
Almost half of UK retail investors expect 'emergency financial' government measures to rock capital markets
According to a study from GraniteShares, a global issuer of Exchange-Traded Products (ETPs), just over a quarter (26%) of retail traders think a progressively more volatile UK stock market will increase trading levels during 2025, compared to 56% who said that trading levels will either stay the same of decrease (with 28% arguing for each scenario). UK consumer confidence dips in February as worries mount over rising NIC and energy costs US President Donald Trump's tariffs also raised eyebrows for retail investors, with 37% saying a trade war with the US would be the factor most like...
20.02 / 12:59
COST
NIC
economy
UK consumer confidence dips in February as worries mount over rising NIC and energy costs
This was a drop from -34 in January and marked the fifth consecutive monthly fall in the UK's economic expectations, according to BRC and Opinium data. At the same time, consumer confidence was almost 40 points down from the latest read back in July. Buoyant January precedes pressure costs for retailers Respondents' take on their personal financial situation dropped from -4 in January to -11 in February, but consumers' personal spending rose from -9 to -5 over the period. Helen Dickinson, chief executive of BRC, said: «People's expectations of the economy reached a new low, havi...
27.10 / 05:35
UPS
NIC
Research
community
Universities
cover
Colleges
Wealthier Americans are paying millions to age in luxury campuses
Subscribe to enjoy similar stories. In the heart of Silicon Valley, well-off baby boomers enjoy meals of porchetta and cheesy polenta, prepared with herbs plucked from the community garden. Thirty-foot-tall windows offer a view on a quiet creek winding along manicured grounds.
15.09 / 09:06
markets
NIC
security
Analysis
economy
country
RBI plans to revamp currency management infrastructure to cater to future cash needs
currency management infrastructure over the next 4-5 years, mainly to ensure adequate storage and handling capacity to cater to the future cash needs of the growing economy. The creation of greenfield currency management centres, the introduction of warehouse automation, the installation of security and surveillance systems, an inventory management system, and a centralised command centre are being mooted to modernise the existing infrastructure, according to an RBI document. The expected timeline for the whole project is 4-5 years, according to the expression of interest (EoI) issued by the Reserve Bank of India (RBI) for procurement of consultancy and project management services for the modernisation of currency management infrastructure. «Despite moderation in the growth rate of NIC (Notes In Circulation) in the last three years, analysis indicates that the growth will continue to be positive over the foreseeable future though the pace thereof is expected to be slower over the next decade,» the document said.
05.09 / 01:19
Blockchain
Digital
NIC
Platform
security
Mobile
track
Govt introduces Vishvasya-Blockchain Technology Stack. Know all about it
MeitY) on Wednesday launched a series of blockchain-based solutions, aimed at enhancing transparency, security, and efficiency in digital service delivery. The Vishvasya-Blockchain Technology Stack is designed to offer Blockchain-as-a-Service (BaaS) with a geographically distributed setup to support a range of permissioned blockchain applications. The stack is hosted across NIC Data Centers in Bhubaneswar, Pune, and Hyderabad, ensuring robust and scalable service delivery, the government said.
29.07 / 21:55
NIC
Swimming
Inside
Olympics
athletics
Nic Fink shatters century-old US Olympic swimming record in Paris, know the inside story
Nic Fink has become another popular name in the US Olympic history after being the oldest-ever athlete to win a medal at the Olympic Games. In fact, he has shattered a 120-year old record while achieving this feat, at the age of above thirty, which is rather surprising and overwhelming at the same time for Team USA fans.
15.06 / 07:17
NIC
Ball
ICE
Discover
Food
shock
Schools
Human finger in ice cream: Food safety concerns keep quick commerce companies on their toes
Quick commerce companies have been facing regulatory heat regarding food safety in the past few weeks, with the issue garnering wider attention after a human thumb was discovered in an ice cream ordered via Zepto in Mumbai. Let's take a look at some of the recent episodes of food safety issues on quick commerce:
15.05 / 23:43
NIC
Extreme
stablecoins
Congress
show
rights
Interviews
Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated
Paul Ryan – the 54th speaker of the United States House of Representatives – has emerged as a major proponent of stablecoins, with a bright outlook on what regulation could bring to the industry.
12.05 / 00:45
markets
Target
NIC
Aware
Food
social
innovations
NOT
D2C space: Investments in "not my parents' brands" are #trending
D2C) space are following a new thesis for placing their bets: to back young brands that focus on Gen Z (those born between 1997-2012) and have nothing to do with incumbent brands popular among older consumers. At Titan Capital run by Snapdeal cofounders Kunal Bahl and Rohit Bansal, this unwritten investment thesis has a name — «not my parents' brand». Several such brands have emerged over the past few years across food and beverages, home furnishing, fashion and footwear, oral care, and luggage, including Perfora, Mokobara, Nasher Miles, Wakefit, SleepyCat, Hocco and NIC. This phenomenon of not using parents' brands is visible in even sectors such as automotive and smartphones, Bahl said. «Consumers are increasingly gravitating towards new-generation EV brands, motivated not only by environmental concerns but also by a desire to differentiate themselves from their parents' preferences,» he told ET.
07.05 / 12:33
NIC
Sustainability
Colleges
Schroders Investment Solutions CIO Alex Funk exits to join PortfolioMetrix
Funk will join office on 1 August. Prior to Schroders, he was the CIO of Benchmark Capital from 2019 to 2021. Before moving to the UK, he served as chief executive t Cinnabar Investment Management in South Africa. The appointment comes as Nic Spicer steps back from his operational role at the discretionary management firm to pursue a master's degree in Sustainable Energy Futures at Imperial College. Head of UK wealth Doug Abbott exits Schroders for Vanguard after 15 years Spicer will remain a shareholder in the business and will run an extensive handover process. He helped launch P...
02.05 / 10:41
NIC
Boeing
wellness
Interviews
FCA and Bank of England clash over systemic threat posed by private equity
In an interview with the FT, FCA chief executive Nikhil Rathi said he is «not convinced» that the sector, which has grown to manage $8trn in assets, presents a systemic threat. This follows a warning from the BoE last week that lenders were not properly measuring their exposure to the sector, as well as previous concerns raised by the central bank relating to private equity's leverage, transparency and valuations. Bank of England official raises alarm over private equity use of NAV loans as exits slow «What I do think is important is that the [private equity] industry does not nic...
13.04 / 11:17
markets
UPS
NIC
JPMorgan
reports
International
Rumours of mass resignations from JPMorgan's London ECM team may be premature
As we reported yesterday, there are suspicions that now thatVis Raghavan and Achintya Manglahave left JPMorgan's investment banking business broadly and equity capital markets (ECM) business specifically, there will be a heap of other exits from the team. In anticipation of this, London headhunters have assembled some long lists of all the people they think most likely to leave in the very, very near future.
11.04 / 21:29
markets
Provident
NIC
Platform
President
reports
Relationships
Baird simplifies alts platform with new CAIS partnership
Baird is centralizing its alternative investments management platform by taking one of its longstanding tech partnerships to another level. The firm is deepening its collaboration with CAIS, one of the leading platforms for alternative investments catering to independent financial advisors, to consolidate its alts shelf, processes, and data management.
28.03 / 13:33
COST
UPS
Citi
NIC
Why Gasoline Prices Are Rising Faster Than Usual This Year
Nic Malick felt so “road-trip rich" early this month that he and his wife drove their children 150 miles to Springfield, Mo., visiting friends and trying the brisket at Buc-ee’s, a convenience store chain with a cultlike following. Another getaway isn’t looking likely. “With gas prices the way they are, it doesn’t make sense," said Malick, who lives outside of Kansas City, Mo., and is now spending as much as $20 more on gas a week.
27.03 / 12:09
markets
NIC
Platform
ICE
Food
Experts
reports
The ice cream business is becoming less seasonal and more lucrative
MUMBAI : Bengaluru: India's ice cream sector may attract more investments in the coming years as rising demand and easier access through quick commerce platforms have made dessert consumption less seasonal, experts and investors told Mint. Some recent deals in the space include Jungle Ventures's $20 million investment in Walko Food, which houses ice cream brands such as NIC and Grameen Kulfi, and Kedaara Capital's $150 million infusion into Dairy Classic Ice Creams Pvt Ltd (Dairy Day).
21.03 / 06:57
COST
NIC
ICE
Food
Trade
exclusive
Kedaara Capital invests $150 million in ice cream brand Dairy Day
Mint. The investment comes a month after venture capital firm Jungle Ventures made a $20-million follow-up investment in Walko Food, which houses ice-cream brands such as NIC and Grameen Kulfi. On Wednesday, global consumer giant Unilever said it had decided to spin off its ice cream business, which houses brands such as Magnum and Ben & Jerry’s, to cut costs.
09.02 / 18:57
NIC
Manufacturing
Platform
ICE
Food
country
rights
Jungle Ventures in talks to make twin investments
Mint. Jungle's investment in Walko Food is estimated to be more than $7 million, one of the people said. However, Mint was not able to procure the size of the investment in TAE.
07.12 / 12:07
Citi
NIC
Bill
Experts
country
hospital
guidelines
Cashless treatment available for CGHS cardholders at all AIIMS across the country; know eligibility, guidelines
CGHS with AIIMS, New Delhi; PGIMER, Chandigarh; JIPMER, Puducherry and AIIMS located at Bhopal, Bhubaneswar, Jodhpur, Patna, Raipur, Rishikesh, Bilaspur, Rajkot, Kalyani, Bhatinda, Bibinagar, Guwahati, Deoghar and Mangalagiri; to facilitate cashless treatment/investigation facilities to Pensioner beneficiaries and other eligible categories of CGHS beneficiaries at these premier institutions." Who will be eligible for cashless treatments at AIIMS, PGIMER, Chandigarh and JIPMER, Puducherry? What are the guidelines that CGHS beneficiaries must know to avail cashless treatment facilities at these premier institutions? Read here to find out. Cashless treatment facilities at AIIMS: Who are eligible? What are the guidelines? 1) CGHS pensioners and other beneficiaries entitled for cashless treatment like ex-MPs, ex-Governors, former judges of Supreme Court of India, former judges of high courts, freedom fighters, etc., holding a valid CGHS card are eligible for cashless treatment at AIIMS. 2) The validity of the CGHS card and the ward entitlement are printed on CGHS Card. 3) AIIMS will create a special desk for CGHS beneficiaries.
22.11 / 14:54
NIC
economy
social
UK's Hunt to cut National Insurance rate in boost for millions of workers
LONDON (Reuters) — British finance minister Jeremy Hunt on Wednesday said he would cut the amount of National Insurance social security contributions paid by 27 million workers in a move that will save employees hundreds of pounds a year.
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