Economy

Milton threatens to upend shaky Florida homeowners insurance market

Market
By Andy Sullivan, Matt Tracy and Michelle Conlin(Reuters) - Hurricane Milton threatens to swamp Florida's troubled property-insurance market, potentially pushing prices higher and threatening coverage in a storm-prone region that already has the highest insurance...

Vedanta Resources repays USD 869 million in October to redeem bonds due in 2027 and 2028

Stocks
Vedanta Resources Ltd has said it paid USD 869 million to bondholders in October to redeem bonds three to four years ahead of maturity. The repayments are part of a larger liquidity management exercise under...

Gross enrolments under Atal Pension Yojana cross 7 crore mark

Economy
The gross enrolments under the Atal Pension Yojana have crossed the 7 crore mark, the Pension Fund Regulatory and Development Authority said on...

Indian regulators have done world-class job; made system more transparent: Finance Minister Nirmala Sitharaman

Economy
Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a "world-class job" and bringing greater transparency into the system....

RBI MPC: Home loan EMIs pinching hard? Let’s see what RBI is about say

Economy
The Reserve Bank of India-led Monetary Policy Committee (MPC), headed by Governor Shaktikanta Das, is set to announce its interest rate decision on...

United Arab Emirates: Pacts with UAE may yield $100 billion investments: Piyush Goyal

Economy
India and United Arab Emirates (UAE) agreements to promote investment could potentially lead to a total of about $100 billion investment from UAE...

Currency Swap Agreement: RBI, Maldives Monetary Authority ink $400 mn Currency Swap Agreement; India to provide Rs 30 bn under INR swap window

Economy
The Reserve Bank of India on Monday entered into a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency...

Central banks may scale back gold purchases in 2024, reports World Gold Council

Economy
Central banks may buy less gold in 2024 compared to 2023, when they had bought 1,037 tonnes of gold, according to a World...

manufacturing sector: Stable policies, ease of doing business to boost manufacturing: Experts

Economy
Stable policies and further improvement in the ease of doing business in states will help significantly boost the country's manufacturing sector's growth, according...

India’s easing of rice exports welcomed in S Africa

Economy
South African importers have welcomed India's decision to ease restrictions on rice exports. Last month, the Indian government withdrew a blanket ban on...

indian startups: Manufacturing’s ‘Be Your Boss’ moment: About 48% of workers in the sector are self-employed

Economy
Nearly half the employees in the manufacturing sector are self-employed, reflecting the entrepreneurial nature of India’s vibrant startup ecosystem.Latest data from the government’s...

RBI Deputy Governor Rajeshwar Rao gets one-year extension

Economy
The government has extended the term of RBI Deputy Governor M Rajeshwar Rao for a period of one year, according to sources. The...

RBI may shift monetary stance to ‘Neutral’; rate cuts likely by December 2024: Nuvama

Economy
The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of accommodation' in credit policy this month,...

India poised for 7%+ growth despite global uncertainty, says PM Modi at Kautilya Economic Conclave

Economy
India will continue with its programme of structural reforms on its way to becoming a developed nation, Prime Minister Narendra Modi said, describing...
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