Life insurers reported a 20.7 per cent year-on-year (Y-o-Y) increase in new business premium (NBP) to ₹47,004.84 crore in July, marking an acceleration from 13 per cent growth in June, driven by robust premium mobilisation by both state-owned Life Insurance Corporation of India (LIC) and private insurers. According to data released by…
Live News Updated: Friday, August 7, 2026, 21:32 [IST] The US stock market traded higher on Friday despite sharp decline in the nonfarm payroll data, which was released on Friday, August 7, 2026. Apart from jobs data, the unemployment rate which is also pivotal, stood at 4.1% in July 2026. Despite the unemployment rate missing…
The first lawsuit against New York City’s messy pied-á-terre tax rollout has landed. Three homeowners filed a lawsuit in Richmond County Supreme Court challenging New York City and the Department of Finance’s implementation of a new pied-á-terre tax, which seeks to assess an additional tax on non-primary residences with home values above a certain threshold. …
Where the banks are adding AI Sattich sees AI being adopted by the banks across a host of business lines. That includes credit underwriting, marketing, and notably in wealth management where AI is being used to try and maximize advisors’ client-facing time. Sankalp Sachdeva, Portfolio Manager and Partner at Letko Brosseau Global Investment Management in…
Non-banking financial companies (NBFCs) reported 14.4 per cent year-on-year credit growth to ₹57.8 trillion as of June 2026, compared with 11.1 per cent a year earlier, helped by 20.3 per cent growth in retail loans to ₹25.6 trillion. According to the latest data released by the Reserve Bank of India, gold loans…
ATTOM’s Q1 2026 U.S. Home Flipping Report found that 64,348 single-family homes and condominiums were flipped during the first quarter, accounting for 8 percent of all home sales from January through March. WATCH: ATTOM #FiguresFriday – Top 10 Metros with the Largest Annual Increases in Home Flipping Profit Margins The report stated that the typical…
As banks and investment firms move more operations into cloud-based identity platforms, collaboration suites and SaaS ecosystems, attackers are no longer trying to breach the network. They’re logging in. A campaign update shared Thursday (Aug. 6) by Google’s Threat Intelligence Group showed attackers from the threat actor group UNC6671 had initiated a cyber infiltration campaign…
Ellington Financial is approaching a deal to acquire a “small” servicer, with expectations of an agreement to come later this quarter. Processing Content The investment manager and parent company of reverse lender Longbridge Financial teased the pending acquisition in a second-quarter earnings call, noting any newly purchased assets would not necessarily have a noticeable impact…
Ouster director Stephen Skaggs sells $227,701 in OUST shares
CREA’s forecast singles out Ontario as the only province expected to post annual sales growth this year, but that’s by no means a surefire bet. “There’s clearly an assumption that things will start to increase year over year for the rest of the year – but I just don’t necessarily see why that would be…