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Bank of Baroda has revised fixed deposit interest rates with effect from October 3, 2024, making it an attractive option for both the general public and senior citizens. The new interest rate will be applicable on domestic fixed deposits including NRO deposits below Rs 300 crore. For short-term deposits from 7 to 14 days, residents receive 4.25% and senior citizens receive 4.75%. Interest rates also increase as tenure increases, and seniors benefit from higher returns over different periods of time. For example, one- to two-year deposits currently yield 7% for residents and 7.50% for seniors. Bank of India has revised…

Unlock Editor’s Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.Ares Management has agreed to acquire the international division of real estate investment manager GLP Capital Partners for up to $5.2 billion, making it the private investment industry’s largest acquisition in recent years.The deal adds $44 billion in assets to Ares’ business, expanding beyond its core credit franchise with a goal of managing more than $750 billion by 2028. It turns out. Ares’ size also puts it much closer to larger peers such as Blackstone, Apollo Global Management and KKR. The acquisition of GLP…

Editor’s note: We earn commissions from Forbes Advisor partner links. Commissions do not influence editors’ opinions or ratings. current money market rate The average interest rate in the money market is currently 0.59%, while the current maximum interest rate is 5.07%. Today’s money market account rates are: Average APY: 0.59% Maximum rate: 5.07% Source: Kyrinos. Data was accurate as of October 7, 2024. Rates are based on a minimum deposit of $10,000. What is the money market rate? The interest rate on a money market savings account is often referred to as the money market rate. These earnings are typically…

Photo provided by Choice MarketChoice Market Holdings, the urban convenience store retailer that filed for bankruptcy in May, has gone out of business, according to a LinkedIn post from founder and CEO Mike Fogerty.”We have been considering the possibility of restructuring for several months, but unfortunately Choice has decided to close permanently,” he said.”I want to thank all of our investors, employees, suppliers, friends and family for believing in me and our mission to make delicious food just a little bit more convenient,” Fogarty said. “The past seven years have been the most challenging and rewarding of my life. With…

What would happen if financial markets treated trees like shareholders?Enter Tropical Forests Forever, a new fund that Brazil, home to about a third of the planet’s tropical forests, is promoting to the world. It involves paying a fee for each hectare of forest maintained in developing countries.The project, first announced at the World Climate Summit in Dubai last November, is currently in the final stages of design and could ultimately pay $4 billion a year for forest protection.The foundation’s mission is to reverse the economic conditions that have long encouraged deforestation. Agriculture, logging and other industries that drive deforestation can…

Thanks to the JOBS Act, an opportunistic Long Island brokerage firm and a barrage of enticing webinars, Denver’s Phoenix Capital has sold $700 million of bonds yielding as much as 13%. By Brandon Kochkodin, Forbes Staff “If Warren Buffett and half of the sharp guys on Wall Street invested over $300 billion last year into domestic oil and gas, suffice to say, it ain’t going anywhere.” The speaker is Matt Willer, head of Capital Markets for Phoenix Capital Group, and he is leading a webinar entitled “Investing In Domestic Energy” being broadcast to some 300 investors from his office in…

Everest Re believes that the real estate market is in a favorable position as opportunities exist around the world and the market balances supply and demand, making it very easy to achieve the returns that Everest Re expects. I predict that there will be. Shari Tibbitt, Everest Re’s deputy chief underwriting officer and global head of real estate reinsurance, will be speaking with a wide range of cedants at the APCIA conference in the Windy City this week. It has a bullish mood. “We still see very good opportunities,” Tibbitt told APCIA Today. “Retention will remain where it is.” Tibbitt…

A public hearing on a proposed 42.2% average increase in homeowners insurance continued until the insurance commissioner candidates – Republican incumbent Mike Causey and Democratic challenger state Sen. Natasha Marcus – traded political jabs. It hadn’t started yet on Monday. Mr. Causey and Mr. Marcus held a press conference ahead of Monday’s hearing at the Department of Health in Raleigh. The process of determining insurance rates can be a long one, and homeowners likely won’t know what their new premiums will be until early next year. State Sen. Natasha Marcus. (Photo: Greg Childress) In the Insurance Department parking lot, Marcus…

A mature couple does their paperwork and pays their bills at home. They are using digital tablets in the kitchen.Research shows that nearly 6 million millennials rely on their parents’ wealth to fund their retirement.Four in 10 people aged 28 to 43 say they would not be able to retire without financial support from their parents, the survey found. More than half say their only source of income in retirement will be cash from their parents.One in five people are looking forward to the money they will inherit, and four have already decided how to spend the money.This comes after…

Chartbeat, an Austin, Texas-based media software platform provider, has received a strategic investment from Bain Capital’s Private Credit Group. The transaction amount was not disclosed. The company plans to use the funds to continue investing in product innovation and pursuing additional complementary acquisitions. Led by CEO John Saroff, Chartbeat provides an end-to-end media operations software platform. It provides content analytics and revenue management tools across the digital media landscape to increase audience engagement and loyalty, inform editorial decisions, and accelerate advertising and subscription revenue. growth. Used by more than 1,000 organizations, including the Walt Disney Company, Warner Bros. Discovery, NewsCorp,…