Wednesday, October 27, 2021

Hurricane Ida’s damage tally could top $95 billion, making it 7th costliest hurricane since 2000

A stop sign lies damaged at a street corner in the aftermath of Hurricane Ida in Grand Isle, Louisiana, September 2, 2021.Adrees Latif | ReutersThe economic damages of Hurricane Ida are still being assessed, but the storm that wreaked havoc from New Orleans to New York could wind up

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Stocks making the biggest moves midday: Nio, PayPal, Western Digital and more

The Nio EP9 self-driving concept electric vehicle (EV) is displayed during the media day of 17th Shanghai International Automobile Industry Exhibition on April 19, 2017 in Shanghai, China.VCG | Getty ImagesCheck out the companies making headlines in midday trading.Nio — Shares of the Chinese electric vehicle company tumbled more

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ADB and GoI sign $300 million additional financing for Maharashtra Rural Connectivity Improvement Project

The Asian Development Bank (ADB) and the Government of India today signed a $300 million loan as additional financing to scale up improvement of rural connectivity in the state of Maharashtra. The additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project will help improve an additional 1,100 rural roads

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Bank of Baroda launches one-stop digital platform ‘bob World’

State-owned on Wednesday announced the launch of its digital banking platform 'bob World', aimed at providing all banking services under one roof. The lender aims to provide an all-inclusive and seamless virtual banking experience, encompassing all digital banking services under one roof for the convenience of customers, the

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Carlyle CEO Kewsong Lee on what’s driving the stock’s run and creating a modern private equity firm

(Click here to subscribe to the new Delivering Alpha newsletter.)Kewsong Lee is closing out one trip around the sun as sole CEO of The Carlyle Group. It was a unique year for the private equity firm — which oversees more than $270 billion in private assets — with the multitude of

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RBI penalises 2 cooperative banks for deficiencies in regulatory compliance

The Reserve (RBI) on Wednesday said it has imposed penalties on two cooperative banks for deficiencies in certain regulatory compliance. A penalty of Rs 5 lakh has been imposed on The Swasakthi Mercantile Cooperative Urban Bank, Vijayawada, for contravention of/ non-compliance with certain provisions of the directions issued

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