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Ian to firm up property rates; insurers positioned to absorb losses: S&P

Hurricane Ian is likely to be a significant loss event for the U.S. property/casualty and global reinsurance sectors and is expected to accelerate the firming of property rates in 2023, Standard & Poor’s Global Ratings said in a note Friday. However, insurers are well-positioned to absorb losses, and losses for global reinsurers should remain within …

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These post office savings schemes now offer higher interest rates. Details here

Recently, the Union government hiked rates for some small savings schemes that do not give any income tax benefit. As per Mint, the deposits that have seen a rise in interest rates are the 2-year, 3-year time deposits with post offices, such as the Senior Citizen Savings scheme (SCSS), Kisan Vikas Patra (KVP), Post Office …

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Inflation, rates may hit $114-billion firm debts: Standard and Poor’s

Credit profiles could deteriorate for up to $114 billion of debt in the books of Indian companies tackling rising interest rates and inflation, said Standard and Poor’s (S&P) on Tuesday. The deterioration in credit profile is, however, unlikely to lead to large-scale defaults even in a stress scenario due to buffers …

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Gold Rates In Kerala Fall By Rs 600, On Weak Sentiments

Business oi-Sunil Fernandes | Updated: Tuesday, August 23, 2022, 11:27 [IST] Gold prices in Kerala dropped in line with extremely weak global sentiments. Gold for 22 karats in Kerala was seen trading at Rs 4,700, while gold for 24 karats in key cities of Kerala like Trivandrum, Cochin, Calicut and Thrissur District were also lower …

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LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.50%

MUMBAI: Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending rates. The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation. Bajaj Housing Finance hiked …

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Supply Chain | Rice Exports: Supply concerns lift Indian rates; Vietnam loses out to competition

Indian rates for rice exports rose this week as lower planting fuelled concerns over supplies from the new season, while Vietnamese prices and quality of the grain lagged peers. Top exporter India’s 5% broken parboiled variety was quoted at $365-$371 per tonne, up from last week’s $360-$366. “Weather is not supporting crop in eastern and …

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Tears of Themis adds increased drop rates, new cards, limited in-game goodies and more in “Revisiting Youth” event

HoYoverse has announced an exciting new update coming to Tears of Themis, the studio’s romance detective game on mobile. Players will take a walk down memory lane on a “high school revisit tour” with the campus-themed event “Revisiting Youth”. In Tears of Themis’ latest event, players can expect to attend the Campus Open House with …

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Bitcoin Price on Verge of $20,000 amid Fed’s Interest Rates Announcement

Bitcoin and other major cryptocurrencies plunged back last week on Friday, wiping almost $200 billion from the combined market after a serious collapse warning. Bitcoin price dropped sharply toward $20,000 per coin, more than 10% down over the last week, with Ethereum and other top ten cryptocurrencies also recording double-digit declines. The crypto market is …

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