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India buys 200 tonnes of IMF gold for $6.8bn

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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 ....

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What private play changed in insurance in 2 decades

What private play changed in insurance in 2 decades
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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.
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NSE
About a quarter of a century ago when a budding finance executive at ....

Vibhah Padalkar , Ayushman Bharat Yojana , Bimal Jalan , Sandeep Ghosh , J Hari Narayan , Naveen Tahilyani , Life Insurance Corp , Colgate Palmolive , Financial Services Consulting , Development Authority Of India , Securities Exchange Board Of India , Indian Merchants Chamber , Insurance Regulatory Development Authority Of India , India Post , Unit Linked Insurance Policies , Insurance Regulatory , Development Authority , Reserve Bank , India Governor Bimal Jalan , Exchange Board , Insurance Regulatory Development Authority , Unit Linked Insurance Products , Services Consulting , Mantri Suraksha Bima Yojana , Pradhan Mantri Jeevan Jyoti Bima Yojana , Atal Pension Yojana ,

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

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

Vibhah Padalkar , Ayushman Bharat Yojana , Bimal Jalan , Sandeep Ghosh , J Hari Narayan , Naveen Tahilyani , Life Insurance Corp , Colgate Palmolive , Financial Services Consulting , Development Authority Of India , Securities Exchange Board Of India , Indian Merchants Chamber , Insurance Regulatory Development Authority Of India , India Post , Unit Linked Insurance Policies , Insurance Regulatory , Development Authority , Reserve Bank , India Governor Bimal Jalan , Exchange Board , Insurance Regulatory Development Authority , Unit Linked Insurance Products , Services Consulting , Mantri Suraksha Bima Yojana , Pradhan Mantri Jeevan Jyoti Bima Yojana , Atal Pension Yojana ,