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India buys 200 tonnes of IMF gold for $6 8bn

Yesterday Southstone Minerals (SML) says it produced 94 diamonds weighing 144.24 carats at its Oena Diamond Mine in South Africa during the second quarter of the fiscal year 2021. It said the diamonds recorded an average price of $1,105 per carat. Yesterday 17 november 2009 The sale surprised traders who expected China to buy the gold and fuelled speculation that other governments, including Beijing, may be ready to diversify their reserves, Reuters reported. The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6.8 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold s ascent. The sale, which surprised traders who expected China to be the leading buyer, will relieve the gold market of some uncertainty over how and when the IMF would sell 403.3 tonnes of gold, about one-eighth of its total stock. The deal will increase India s gold holdings to the tenth largest among central banks.

What private play changed in insurance in 2 decades

What private play changed in insurance in 2 decades SECTIONS Share Synopsis Come 2020, she is selling lakhs of insurance policies at the tap of an app on mobile phones and all it takes is a few minutes to mail the policy document instead of weeks of wait for the policy to arrive by the unpredictable India Post to shove it to safety in the steel cupboard. Agencies With insurers such as ICICI Pru Life, HDFC Life, ICICI Lombard and GIC Re getting listed, investor interest is gathering momentum as well. INSIGHTS NSE About a quarter of a century ago when a budding finance executive at

Twenty years of private insurance: How the industry has shaped up

Twenty years of private insurance: How the industry has shaped up SECTIONS Share Synopsis Come 2020, she is selling lakhs of insurance policies at the tap of an app on mobile phones and all it takes is a few minutes to mail the policy document instead of weeks of wait for the policy to arrive by the unpredictable India Post to shove it to safety in the steel cupboard. Agencies With insurers such as ICICI Pru Life, HDFC Life, ICICI Lombard and GIC Re getting listed, investor interest is gathering momentum as well. About a quarter of a century ago when a budding finance executive at

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