Mumbai recorded a steep rise in the daily coronavirus cases with 8,063 infections on Sunday, 1,763 more than the figure added to the tally on Saturday, the civic body said. The city did not see any death during the day due to the infection and 89 per cent of the cases reported are asymptomatic, it added. On Saturday, the city recorded 6,347 infections, […]
By Administrator_ India Capital Sands Facebook changed its parent company name to “Meta” on Thursday as the tech giant tries to move past being a scandal-plagued social network to its virtual reality vision for the future. The new handle comes as the company battles to fend off one of its worst crises yet and pivot to its ambitions for the […]
By Administrator_ India Capital Sands India on October 27 successfully test-fired its surface to surface ballistic missile Agni -5 from the APJ Abdul Kalam Island, Odisha. The missile, which uses a three-stage solid-fuelled engine, is capable of striking targets at ranges up to 5,000 kilometers with a very high degree of accuracy. The successful test of Agni-5 is in line […]
By Administrator_ India Capital Sands After two days of pause, petrol prices increased by 31 to 35 paise per litre while diesel prices surged by 33 to 37 paise per litre across the country on October 27, according to a price notification of state-owned fuel retailers. The latest increase that follows the unrelenting hike in international oil prices has pushed […]
By Administrator_ India Capital Sands Two US-based scientists were awarded the Nobel Prize in physiology or medicine on Monday for their discovery of the receptors that allow humans to feel temperature and touch. David Julius and Ardem Patapoutian focused their work on the field of somatosensation, that is the ability of specialized organs such as eyes, ears and skin to see, hear […]
By Administrator_ India Capital Sands With talks underway between the central government and Zydus Cadila over the pricing of the COVID-19 vaccine ZyCov-D, the pharma company is learnt to have proposed a price of Rs 1,900 for its three-dose jab that can be given to those above 12 years of age. However, the government is negotiating for a reduction in […]
By Administrator_ India Capital Sands The Covid-19 pandemic reduced life expectancy in 2020 by the largest amount since World War II, according to a study published on Monday by Oxford University, with the life expectancy of American men dropping by more than two years. Life expectancy fell by more than six months compared with 2019 in 22 of the 29 countries analyzed in the study, […]
By Administrator_ India Capital Sands Drug firm AstraZeneca Pharma India said it has received import and market permission from the Indian drug regulator for Selumetinib capsules. The company has received the import and market permission in Form CT-20 from the Drugs Controller General of India for Selumetinib 10 mg & 25 mg capsules, AstraZeneca Pharma India said in a regulatory filing. The […]
By Administrator_ India Capital Sands Prime Minister Narendra Modi on Thursday met a group of five top American corporate leaders on a one-on-one basis from a range of diverse sectors ranging from drones to 5G, semiconductor, and solar and encouraged them to step up their investments by highlighting the vast opportunities in India. “Talking technology…,” the Prime Minister’s Office said in a […]
By Administrator_India Capital Sands New initial public offerings will help add $400 billion to the overall market capitalization over the next three years, an American brokerage said on Monday. The estimate comes on the back of a surge in IPO activity in the last few months, which has seen companies raise $10 billion from public markets since the beginning of […]
By Administrator_ India Capital Sands No Delta plus variant of COVID-19, considered highly contagious, was found among 376 samples tested in the second round of genome sequencing in Mumbai, a senior civic official said. Additional municipal commissioner (western suburbs) Suresh Kakani said the samples were examined at a genome sequencing facility inaugurated in the city last month. In a statement […]
By Administrator_ India Capital Sands The India Meteorological Department has issued an orange alert for Delhi on September 16. While the alert is for moderate rain, heavy rain is also expected at isolated places. An orange alert is issued as a warning for extremely bad weather with the potential of disruption in commute with road and drain closures and interruption […]
By Administrator_ India Capital Sands Prime Minister Narendra Modi will travel to the US next week to participate in the first in-person Quad summit that is expected to broadly focus on contemporary global challenges, including the Afghan crisis, the Covid pandemic, and ensuring a free and open Indo-Pacific. In his first visit to the US since President Joe Biden took office, the prime […]
By Administrator_ India Capital Sands Equity benchmark Sensex dropped 127 points on Monday, weighed by losses in index heavyweights Reliance Industries, ICICI Bank, and HDFC Bank. The 30-share BSE index ended 127.31 points or 0.22 percent lower at 58,177.76, while the broader NSE Nifty slipped 13.95 points or 0.08 percent to 17,355.30. RIL was the top loser in the Sensex […]
By Administrator_ India Capital Sands British Prime Minister Boris Johnson will set out on Tuesday his plans to manage the Covid-19 pandemic in the winter months, announcing a decision to scrap the introduction of vaccine passports and steps to end some emergency powers. Johnson, under fire from some in his governing Conservative Party for raising taxes to fix a health and social care crisis, […]
By Administrator_ India Capital Sands After witnessing a double-digit contraction in new business premium (NBP) in July, life insurers are back in the green again, witnessing a marginal year-on-year (YoY) growth of 3 percent in NBP in August, owing to a strong performance by the private insurers. In July, life insurers reported an 11 percent YoY drop in NBP while in June they managed […]
By Administrator_ India Capital Sands India’s gold imports in August nearly doubled from a year earlier to the highest in five months on strong demand and as weaker prices prompted jewelers to ramp up purchases for the festive season, a government source said. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 12% from an […]
By Administrator_ India Capital Sands Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world’s largest crude exporter wants to entice buyers to take more of its barrels. State producer Saudi Aramco is rolling back pricing on all of its grades to its biggest market in Asia. Three successive months of […]
By Administrator_ India Capital Sands Indian table tennis player Bhavinaben Patel has won a historic silver medal in her maiden Paralympic Games. With this medal, the Indian team opened its account at the Tokyo Games. She dedicated her Silver medal to India. “I want to thank my coach, family members, and friends for their constant support,” said Patel after winning the […]
By Administrator_ India Capital Sands The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Feds extraordinary response to the pandemic recession. The Fed’s move could lead, over time, to somewhat higher borrowing costs for mortgages, credit cards, […]
By Administrator_India Capital Sands National Stock Exchange has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by September 10. The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold. Securities and Exchange Board of India (Sebi), through a letter dated August 3, informed the […]
By Administrator_ India Capital Sands Infosys on Tuesday became the fourth Indian company to touch a market valuation of $100 billion. The IT services major has joined the league of TCS, Reliance Industries, and HDFC Bank for crossing the $100 billion mark in terms of market capitalization. The milestone was achieved during the morning trade when the scrip was trading at its 52-week […]
By Administrator_ India Capital Sands The Indian equity benchmarks opened higher on Tuesday led by gains in Infosys, HDFC Bank, Tata Consultancy Services, Tata Steel, Larsen & Toubro, and Tech Mahindra. The Sensex rose as much as 261 points to hit an intraday high of 55,816.70 and the Nifty 50 index touched an intraday high of 16,585. Meanwhile, Asian stocks […]
By Administrator_ India Capital Sands Cryptocurrency prices continue to be in the red on August 23. The global cryptocurrency market cap is $2.13 trillion, a 1.37 percent increase over the last day, while the total crypto market volume over the last 24 hours is $93.71 billion, which makes a 13.09 percent decrease. The volume of all stable coins is now […]
By Administrator_ India Capital Sands InterGlobe Aviation Ltd-run IndiGo will resume flight services to the United Arab Emirates from 0130 am on August 20, the airline said in a press release on August 19, hours after it said that operations to UAE stood canceled till August 24. On the morning of August 19, the UAE government had banned IndiGo from operating […]
By Administrator_ India Capital Sands The Reserve Bank of India has relaxed its norms on what banks can do with their excess dollars in the currency market, according to sources. The RBI had already allowed banks to invest their excess dollars in foreign currency bonds, but a rule in July 2016 had stated that a bank’s investment in unlisted securities should […]
By Administrator_ India Capital Sands Mumbai has reported its first death from the Delta Plus Covid variant. A 63-year-old woman died on July 27 after testing positive on July 21. She had several comorbidities including diabetes, according to officials. This is Maharashtra’s second death from the Delta Plus after an 80-year-old woman from Ratnagiri died last month. The Mumbai woman […]
By Administrator_ India Capital Sands Oil prices were steady on Thursday following two days of gains after a call from the United States, the world’s top oil consumer, for major producers to boost output reinforced supply concerns as economies ease their coronavirus restrictions. Brent crude futures edged higher by 5 cents to $71.49 a barrel by 0216 GMT while U.S. […]
By Administrator_ India Capital Sands The Finance Ministry on Tuesday said it has released the fifth monthly installment of revenue deficit grant of Rs 9,871 crore to 17 states. The Post Devolution Revenue Deficit Grant is provided to the states under Article 275 of the Constitution. The grants are released as per the recommendations of the 15th Finance Commission in […]
By Administrator_ India Capital Sands Gold slipped to a more than four-month low on Monday as solid U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding non-interest-bearing bullion. Spot gold fell 1.1% to $1,744.25 per ounce by 0616 GMT. In early Asia trade, prices slumped as much as 4.4% to $1,684.37, their lowest […]
By Administrator_ India Capital Sands International Olympic Committee President Thomas Bach declared the 32nd Olympic Games in Tokyo closed on August 8. The closing ceremony was held in a nearly empty stadium, at the end of a 16-day event that was held under strict COVID restrictions. The festivities began in front of VIPs after the Japanese flag was raised at the 68,000-seat venue, where […]
By Administrator_ India Capital Sands Delhi Metro’s Pink Line is all set to become the rail network’s longest operational corridor from Friday onward. This will help commuters save time and money as the Trilokpuri gap on the line has been plugged. The Majlis Park-Shiv Vihar corridor or the Pink Line covers 38 stations. However, a small portion of east Delhi’s […]
By Administrator_ India Capital Sands IndiGo has partnered with International Air Transport Association to launch a pilot project for IATA Travel Pass, which will enable passengers to create a ‘digital passport’ to verify their pre-travel test or vaccination status to meet the SOPs of the destination. The IATA Travel Pass will be a mobile app to help passengers easily and […]
By Administrator_ India Capital Sands State-owned Punjab National Bank on Monday reported over three-fold jump in its standalone net profit to Rs 1,023.46 crore for the first quarter ended June 30, mainly due to falling in operating expenses and good recovery. The bank had posted a net profit of Rs 308.45 crore in the same quarter last year. Sequentially, it was […]
By Administrator_ India Capital Sands Reigning world champion P V Sindhu on Sunday became India’s first woman to win two Olympic medals, comfortably securing a bronze in the badminton women’s singles third-place play-off. The men’s hockey team delivered a historic win soon afterward, advancing to the Olympics for the first time in 49 years and capping off a Super Sunday for India in Tokyo. Sindhu, […]
By Administrator_ India Capital Sands The Australian city of Sydney extended a lockdown by four weeks on Wednesday after an already protracted stay-at-home order failed to douse a COVID-19 outbreak, with the authorities warning of tougher policing to stamp out non-compliance. Far from a planned exit from lockdown in three days, the city of 5 million people and neighboring regional […]
By Administrator_ India Capital Sands Seriously, if you’re a woman in a competitive sport, there’s really no winning. It’s a classic ‘damned if you do, and damned if you don’t’ scenario. On the one hand, is Norway’s beach handball team was fined for wearing less revealing clothes at the Euro 2021 tournament. On the other is Olivia Breen, a Paralympian from […]
By Administrator_ India Capital Sands It was a mixed day for the Indian contingent at the Tokyo Summer Olympics on Sunday. Iconic boxer MC Mary Kom, 38, beat her 23-year-old opponent from over Dominican Republic, Miguelina Hernandez Garcia, to power her way into the pre-quarterfinals after a superb tactical victory in the 51kg category. Sindhu shines PV Sindhu, the sixth-seed shuttler in […]
By Administrator_ India Capital Sands All eyes and hearts are set for the Tokyo 2020 Olympics to be held in Japan from July 23 to August 8, delayed by a year due to the deadly COVID-19 pandemic. India will be participating in 18 sports disciplines and related events at the games. A total of 127 sportspersons and 101 coaches are […]
By Administrator_ India Capital Sands Britain demanded on Wednesday a new deal to oversee problematic post-Brexit trade involving Northern Ireland, warning it already had the right to unilaterally ignore parts of an agreement struck with the bloc just last year. The European Commission immediately poured cold water on the plea, saying Prime Minister Boris Johnson and Brexit minister David Frost had negotiated the […]
By Administrator_ India Capital Sands Gold prices jumped by Rs 96 to Rs 48,222 per 10 gram in the Mumbai retail market on positive global cues and renewed risk aversion in global financial markets, however, the upside was capped by a sharp gain in the rupee. The surging cases of Delta variant of coronavirus and rising inflationary pressure gave safe-haven […]
CFD (short for “Contract for Difference”) trading is a method that enables individuals to trade and invest easily in any asset by engaging in a contract between themselves and a broker, instead of opening a position directly on a certain market. The trader and the broker agree between themselves to replicate market conditions and settle the difference amongst themselves when […]
By Administrator_ India Capital Sands The benchmark indices on Monday declined along with Asian and European peers as investors were worried by the surge in Covid-19 cases and rising inflation. The benchmark Sensex fell 586 points to end the session at 52,553, a decline of 1.10 percent in the biggest single-day fall since April 30. The Nifty tumbled 171 points to end the session […]
By Administrator_ India Capital Sands Gold prices edged higher on Monday, lifted by a retreat in U.S. Treasury yields and concerns that a surge in coronavirus cases could dampen global economic recovery, though an uptick in the dollar limited gains for the safe-haven metal. Spot gold was up 0.1% at $1,812.83 per ounce, as of 0243 GMT, after falling 1% […]
By Administrator_ India Capital Sands The Federal Reserve will shutter its asset purchases program by the end-2022, according to a Reuters poll, with a few more economists now predicting a rate hike as early as next year, but they pegged new COVID-19 variants as the biggest economic risk. However, Fed chair Jerome Powell said on Wednesday withdrawing monetary policy support […]
By Administrator_ India Capital Sands PM Narendra Modi will virtually inaugurate a newly-built five-star hotel atop the redeveloped Gandhinagar railway station and a host of other big-ticket projects on July 16, said the Gujarat government. The redevelopment of the existing railway station in Gandhinagar and construction of the five-star hotel on top of the station started in January 2017 after […]
By Administrator_ India Capital Sands People in Delhi-NCR may get respite from high humidity today, as the weather department said the conditions are favorable for the advance of the monsoon over the national capital. In another statement, IMD said, “Thunderstorm with light to moderate intensity rain and winds with speed of 20-40 Km/h would occur over and adjoining areas of isolated places of […]
By Administrator_India Capital Sands Asian shares were enjoying a relief rally on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week. In the United States, inflation data could provide a scare ahead of testimony by Federal Reserve Chair […]
By Administrator_India Capital Sands Gold was up on Friday morning in Asia and is set to end the week with its third consecutive weekly gain. A drop in U.S. Treasury yields also gave the safe-haven yellow metal a boost while the dollar, which usually moves inversely to gold, inched up on Friday but fell from three-month highs. Gold futures edged up 0.14% […]
By Administrator_ India Capital Sands In view of declining cases of coronavirus across the country, the Indian Railways has decided to operate a special train in September covering several top tourist destinations, including Char Dham–Badrinath, Jagannath Puri, Rameshwaram, and Dwarkadhish. After the great popularity and success of the “Shri Ramayana Yatra” train operated on the Ramayana circuit, IRCTC has now […]
By Administrator_ India Capital Sands Gold prices fell marginally by Rs 128 to Rs 47,459 per 10 gram at the Mumbai retail market on a sharp recovery in rupee and increased appetite for risky assets. The precious metal marginally rose in the global market on the decline in US dollar and Treasury yields. The rate of 10 gram 22-carat gold […]
By Administrator_ India Capital Sands Petrol prices saw a rise in prices again by 31 to 39 paise again on July 5, taking it to a historic high. However, the diesel rates remain unchanged. In the last two months, petrol prices increased by 34 times and diesel prices saw a surge in prices 33 times. Delhi and Kolkata were the […]
By Administrator_ India Capital Sands The domestic stock markets have opened on a cautious note due to mixed global trends. Asian markets are mixed in early trading and trends on SGX Nifty indicate a cautious opening for the Nifty in India, with a 9-points gain. As of 9:20 am, the BSE Sensex is trading at 52,508.35, lower by 11 points […]
By Administrator_ India Capital Sands Oil was up Wednesday morning in Asia after the OPEC+ delayed its meeting this week on production policy. Brent Oil Futures rose 0.61% to $74.73 by 10:39 PM ET (2:39 AM GMT) and Crude Oil WTI Futures jumped 0.69% to $73.48. U.S. crude oil supply data from the American Petroleum Institute showed a draw of 8.153 million for the week […]
By Administrator_ India Capital Sands The Indian stock markets are likely to open mildly in the green, extending the gains witnessed in Friday’s session. Trends on SGX Nifty indicate a positive opening for the Nifty in India, with a 25-point gain. At 7:30 am, the Nifty futures were trading at 15,896, higher by 25 points or 0.15 percent, on the […]
By Administrator_ India Capital Sands Asia Pacific stocks were up Friday morning after a U.S. $579 billion infrastructure deal boosted investor sentiment and sent U.S. shares to record levels. Japan’s Nikkei 225 was up 0.68% by 10:19 PM ET (2:19 AM GMT). The Tokyo Core Consumer Price Index was at 0% in June year-on-year, but above the 0.1% contraction in forecasts prepared by investing.com and the […]
By Administrator_ India Capital Sands Oil held above $73 a barrel as shrinking U.S. crude and fuel stockpiles added to bullish sentiment around the global demand recovery. Futures in New York were steady after rising 0.3% on Wednesday. Gasoline inventories unexpectedly slipped last week, while crude stockpiles fell for a fifth week, the longest run since January. The declines add to a […]
By Administrator_ India Capital Sands Equity benchmark Sensex jumped over 100 points in early trade on Wednesday, tracking gains in index-heavyweights Infosys, HUL, and Maruti, amid a positive trend in global equities. The 30-share BSE index was trading 145.45 points or 0.28 percent higher at 52,734.16 in initial deals. Similarly, the broader NSE Nifty advanced 49.70 points or 0.32 percent […]
By Administrator_ India Capital Sands Bharti Airtel and Tata Group have entered into a strategic partnership for implementing 5G network solutions for India. “Airtel will pilot and deploy this indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the Government of India,” Bharti Airtel said […]
By Administrator_ India Capital Sands After a day’s pause, fuel prices were again hiked on Friday, pushing rates to fresh all-time record highs, according to a price notification of state-owned fuel retailers. In Delhi, petrol and diesel prices were increased by 29 paise and 27 paise, respectively. With the latest revision in the prices, petrol is now retailing at Rs […]
By Administrator_ India Capital Sands Japan’s inflation edged into positive territory for the first time in 14 months as rising commodity costs fed higher gasoline prices at the pump, according to data that comes before a central bank policy decision later today. Consumer prices excluding fresh food ticked up 0.1% compared with a year earlier, lifted by a 20% jump […]
By Administrator_ India Capital Sands The Indian equity benchmarks staged a gap-down opening on the back of weak global cues after US Federal Reserve stunned investors by signaling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher. The Sensex fell as much as 402 points and the Nifty 50 […]
By Administrator_ India Capital Sands The dollar edged marginally lower in early European trade Wednesday but remained near a one-month high as traders warily await the latest communications from the Federal Reserve following the recent jump in U.S. inflation. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was […]
By Administrator_ India Capital Sands The Indian equity benchmarks opened at new all-time highs on Tuesday led by gains in index heavyweight Reliance Industries, Infosys, HDFC Bank, ICICI Bank, HDFC, and Tata Consultancy Services. The Sensex rose as much as 234 points to hit an all-time high of 52,785.71 and the Nifty 50 index touched an all-time high of 15,878.75. […]
By Administrator_ India Capital Sands The domestic stock markets have opened in the red, after closing at record highs on Friday, due to the emergence of profit-booking at high levels. At 9:30 am, the BSE Sensex was trading at 52,046.50, lower by 444.15 points or 0.88 per cent and the NSE Nifty was at 15,631.54, down 169.50 points or 1.5 […]
By Administrator_ India Capital Sands The dollar was down on Friday morning in Asia after the U.S. posted higher-than-expected inflation data in May. The USD/JPY pair inched up 0.08% to 109.40, with a new analysis saying another COVID-19 surge could come in Japan with or without the Olympics. The AUD/USD pair inched up 0.04% to 0.7755 as Australia is working on a quarantine-free travel […]
By Administrator_ India Capital Sands India reported 94,052 new COVID-19 cases and 6148 new deaths today. The country has so far reported a total of 2,91,83,121 cases and 3,59,676 deaths. India’s test positivity rate (positive cases identified for every 100 tests) continues to decline. It stands at 4.69 percent, the third straight day that it is below the 5 per […]
By Administrator_ India Capital Sands Asia Pacific stocks were mixed Tuesday morning, but moves remained small. Investors continue to await further clues on the inflation outlook as the global economic recovery from COVID-19 continues. Japan’s Nikkei 225 edged up 0.16% by 10:32 PM ET (2:32 AM GMT). The country released its GDP earlier in the day, which contracted 1% quarter on quarter for the first quarter […]
By Administrator_India Capital Sands Toshiba Corp said on Monday it will buy back up to 6% of its outstanding shares worth around 100 billion yen, in line with its plans to boost shareholder returns. The Japanese industrial conglomerate will also allocate about 50 billion yen to pay a special dividend as “some shareholders, mainly retail shareholders, prefer dividends”, it said […]
By Administrator_ India Capital Sands The U.S. dollar wobbled above major support levels on Thursday, as traders awaited a batch of U.S. economic data that could set the tone at central bank meetings later this month. Investors have bet on the dollar falling as the world recovers from the COVID-19 pandemic, but they have lately grown nervous over whether a […]
By Administrator_ India Capital Sands Tesla said it expects to spend more than $1 billion a year on battery raw materials from Australia given the country’s reliable mining industry and responsible production practices. Robyn Denholm, chair of the U.S. carmaker, said on Wednesday that Australia, which is rich in minerals used for batteries like lithium and nickel, is poised to […]
By Administrator_ India Capital Sands Asian shares were trying to extend their recent rally to a third week on Monday in the hope U.S. jobs figures show the expected revival in hiring in May and keep the global recovery on track. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3%, having rallied 2.2% last week. Japan’s Nikkei fell 0.7%, while Australia […]
By Administrator_ India Capital Sands Oil was up Friday morning in Asia, ending the week by extending gains from the highest close in more than two years. Optimism as U.S. fuel demand continues to increase gave the black liquid a boost, even as concerns over a potential Iranian supply increase remained. Brent oil futures were up 0.40% to $69.48 by […]
By Administrator_ India Capital Sands Oil prices settled higher on Wednesday as a drop in U.S. crude stockpiles reinforced expectations of improving demand ahead of the peak summer driving season, offsetting worries that a possible return of Iranian supply would cause a glut. Brent settled up 22 cents, or 0.3%, to $68.87 a barrel, and U.S. West Texas Intermediate crude settled up […]
By Administrator_ India Capital Sands Japan’s government is expected to compile an extra budget in October or November, senior ruling party lawmaker Kozo Yamamoto said on Wednesday, calling for spending of around $239 billion to cushion the economic blow from the COVID-19 pandemic. Yamamoto, a heavyweight close to former Prime Minister Shinzo Abe, also urged the Bank of Japan to […]
By Administrator_ India Capital Sands Gold steadied near the highest level in more than four months as investors weighed comments by Federal Reserve officials who sought to soothe concerns about inflation. Governor Lael Brainard, Atlanta Fed President Raphael Bostic, and St. Louis’s James Bullard said they would not be surprised to see bottlenecks and supply shortages push prices up in […]
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with investor sentiment boosted by signs of the U.S.’ continuing economic recovery from COVID-19 and the improved outlook for fuel demand. Investors are also monitoring the progress of talks to revive a 2015 Iranian nuclear deal that is likely to increase global crude supply. Brent oil futures gained 0.63% to $66.77 […]
By Administrator_ India Capital Sands Bitcoin fell 3% on Friday, giving up gains from the Asia session, as its recovery from this week’s plunge shows signs of faltering. Bitcoin fell to $39,262 on the Bitstamp exchange. That is roughly 30% above its Wednesday low, but just below its 200-day moving average. Rival cryptocurrency ether also came under pressure on Friday, falling […]
By Administrator_ India Capital Sands Adani Green Energy Ltd. said on Wednesday it is acquiring SB Energy India from Softbank of Japan and India’s Bharti Group to add 4,954 MW in its renewable power portfolio. The deal is the biggest acquisition in India’s renewable power sector. The transaction values SB Energy India at an enterprise valuation of approximately $3.5 billion. The target […]
By Administrator_ India Capital Sands Litecoin was trading at $302.894 by 23:42 (03:42 GMT) on the Investing.com Index on Tuesday, up 12.23% on the day. It was the largest one-day percentage gain since May 5. The move upwards pushed Litecoin’s market cap up to $20.351B, or 0.98% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. […]
By Administrator_ India Capital Sands Asian share markets turned mixed on Monday as data on Chinese retail sales missed expectations though industrial output stayed solid, while more evidence of global inflation pressures helped gold to a three-month peak. Chinese retail sales rose 17.7% in April a year ago, short of forecasts for a jump of 24.8%, while industrial output matched […]
By Administrator_ India Capital Sands DBS Group its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans. This is the latest move into cryptocurrencies by Southeast Asia’s largest bank, which late last year launched a crypto exchange for institutional and other accredited investors. Several other banks around […]
By Administrator_ India Capital Sands The NSE of India and the BSE will remain closed on May 13 on account of Id-Ul-Fitr (Ramzan Id). Wholesale commodity markets, including metal and bullion, will also remain shut. There will be no trading activity in the forex and commodity futures markets as well. On May 12, the Sensex was down 471.01 points or […]
By Administrator_ India Capital Sands The move upwards pushed Ethereum’s market cap up to $490.91B, or 19.37% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $479.29B. Ethereum had traded in a range of $4,151.39 to $4,238.94 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it […]
By Administrator_ India Capital Sands The British government has completed the sale of 1.1 billion pounds ($1.55 billion) in shares of NatWest, lowering its stake in the lender it bailed out over a decade ago to below 55%. UK Government Investments, the state-owned company that controls the shares, said the shares were priced at 190 pence, 4% below Monday’s closing […]
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By Administrator_ India Capital Sands The dollar hovered below a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for […]
By Administrator_ India Capital Sands India and the United Kingdom have decided to wrap up key talks on trade issues by the end of 2021, expediting negotiations for a proposed free trade agreement (FTA) between both nations in the future. Bilateral trade and investment ties were a major part of the talks between Prime Minister Narendra Modi and his British counterpart Boris Johnson during […]
By Administrator_ India Capital Sands European stock markets are seen opening in a mixed fashion Tuesday, amid continued concerns over rising Covid-19 cases in India but also optimism as major economies around the world reopen. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.2% lower, CAC 40 futures in France dropped 0.2% but the FTSE 100 futures contract in the U.K. […]
By Administrator_ India Capital Sands Asia Pacific stocks were mostly up Monday morning, with volumes thin over the closure of two major markets in the region and re-emerging inflation concerns. Chinese and Japanese markets are closed for a holiday. In Australia, the ASX 200 edged up 0.14% by 10:30 PM ET (2:30 AM GMT), ahead of the Reserve Bank of Australia’s policy decision due […]
By Administrator_ India Capital Sands Gold was down on Friday morning in Asia, with investors digesting a slew of economic data as the month of April ends. Gold futures were up 0.12% to $1,766.15 by 11:11 PM ET (3:11 AM GMT). The U.S. GDP rose 6.4% quarter-on-quarter in the first quarter of 2021 and 553,000 initial jobless claims were filed over the past week, with […]
By Administrator_ India Capital Sands Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan, and Brazil. Brent crude for June edged up 8 cents, or 0.1%, to $67.35 a barrel by 0104 GMT while U.S. West Texas Intermediate crude for […]
By Administrator_ India Capital Sands Covaxin, India’s home-grown COVID-19 vaccine, has been found to neutralize the 617 variant of the deadly virus, White House chief medical adviser and America’s top pandemic expert Dr. Anthony Fauci said in Washington. Fauci was speaking to reporters during a conference call on Tuesday. “This is something where we’re still gaining data on a daily […]
By Administrator_ India Capital Sands The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields, as investors consolidated positions ahead of the Federal Reserve’s policy decision this week. The safe-haven greenback was also out of favor after world stocks started the week hitting a record high, amid increasing investor confidence in a rapid global […]
By Administrator_ India Capital Sands The dollar nursed losses against most currencies on Monday amid speculation that U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week. The euro rose to a near two-month high against the greenback before data later on Monday forecast to show an improvement in German business […]
By Administrator_ India Capital Sands India reported 332,503 fresh coronavirus infections on Friday, taking the cumulative caseload to 16,257,309, Worldometer showed this morning. This is the first time any country has recorded over 300,000 cases in just 24 hours. Amid oxygen shortage and the faltering health system in the country, India saw 2,256 deaths in the highest single-day spike. The death toll […]
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By Administrator_ India Capital Sands The National Stock Exchange of India (NSE) and the BSE will remain closed on April 21 on account of Ram Navami. Wholesale commodity markets, including metal and bullion, will also remain shut. There will be no trading activity in the forex and commodity futures markets either. On April 20, while the Sensex shed 243.62 points […]
By Administrator_ India Capital Sands The United Kingdom has announced to impose its strictest travel curbs on India after an explosion of coronavirus cases in the country. The announcement was made on Monday, shortly after British Prime Minister Boris Johnson called off a scheduled trip to New Delhi. Health Secretary Matt Hancock said that it will be effective from 0300 […]
By Administrator_ India Capital Sands AirAsia India has announced free rescheduling on all flights for bookings till May 15, 2021. In a statement, the airline said that guests can now make unlimited changes for all bookings and changes made till May 15, irrespective of the travel dates, without incurring any flight change fees. “To ensure that its customers continue to have […]
By Administrator_ India Capital Sands Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project, the social media giant’s first such deal in the South Asian nation, the companies said on Thursday. The 32-megawatt wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and solar projects that Facebook and Mumbai-based CleanMax […]
By Administrator_ India Capital Sands The U.S. data, including industrial production and retail sales, will be released later in the day. Gold futures edged up 0.14% to $1,738.80 by 11:59 PM ET (3:59 AM GMT). The dollar, which usually moves inversely to gold, hovered near a three-week low on Thursday and U.S. bond yields leveled off following March’s surge. The U.S. economic recovery […]
By Administrator_ India Capital Sands Women MLAs have never exceeded 10% of the Kerala Legislative Assembly in its 64-year political history. Kerala elected the highest number of women MLAs in 1996-13. Since 2001, this percentage has hovered around 5%, but in 1967 and 1977, only one woman was elected to the Kerala Vidhan Sabha. In large part, there are only […]
By Administrator_ India Capital Sands Conceding that India was in the grip of a serious public health crisis that had surpassed the first wave of the Covid-19 pandemic, Prime Minister Narendra Modi on Thursday urged state governments to test more even if that meant higher reporting of the infection. Armed with the experience of managing the first wave, better health infrastructure, and […]
By Administrator_ India Capital Sands Activity in India’s services sector continued to expand in March, but at a slower pace with rising Covid-19 cases in the country resulting in lower footfalls and consumer uncertainty, a private survey showed on Wednesday. The IHS India Services Business Activity Index eased to 54.6 in March from 55.3 in February, suggesting moderation in growth. […]
By Administrator_ India Capital Sands The state-owned banks lead the race in offering the cheapest interest rates on personal loans. Union Bank of India and Central Bank of India’s personal loan rate on a Rs 5-lakh loan with a five-year tenure starts at 8.9 percent. It is followed by Punjab National Bank (PNB) with 8.95 percent, as per data from […]
By Administrator_ India Capital Sands Domestic stocks dropped on Monday following the imposition of strict restrictions in Maharashtra to contain the spread of Covid-19 infections, with investors fearing that the resurgence in virus cases could dent the economic recovery and hurt corporate earnings. The benchmark Sensex fell as much as 1,449 points, or 2.9 percent, in intra-day trade. The index settled at 49,159, logging […]
By Administrator_ India Capital Sands Delhi recorded 4,033 coronavirus cases on Sunday, the highest daily count this year, as the positivity rate rose to 4.64 percent from 4.48 percent the previous day, according to the health department. Twenty-one more people died due to the disease, the highest since January 1, when an equal number of fatalities were reported. The number […]
By Administrator_ India Capital Sands The World Bank has scaled up its projections for India’s economic growth by a massive 4.7 percentage points to 10.1 percent for 2021-22 due to a strong rebound in private consumption and investment growth. The Bank had pegged the GDP growth at 5.4 percent for the country in its January report. “India, which comprises almost 80 percent […]
By Administrator_ India Capital Sands India’s efforts to include its bonds in global bond indices could fructify soon with FTSE Russell placing Indian and Saudi Arabian government bond markets on the watchlist for possible inclusion in its FTSE Emerging Government Bond Index. FTSE Russell’s semi-annual country classification review released on Monday said the market accessibility level of Indian and Saudi Arabian bonds will be considered for reclassification […]
By Administrator_ India Capital Sands With Covid-19 cases surging across Maharashtra and also in Mumbai, the Brihanmumbai Municipal Corporation (BMC) has decided to manage over 2200 beds in 69 private hospitals in the city. The daily Covid tally in Maharashtra eased to 31,643 cases on Monday, against 40,414 new coronavirus cases on Sunday —two-thirds of the national tally of 68,020. The state has already tightened travel […]
By Administrator_India Capital Sands When his parents first learned that Vishal Baveja, a 27-year-old doctor of forensic medicine, had invested some of his savings in Indian equity mutual funds, they were worried about the risk. Those fears abated when they saw the income those investments produced. Then, as the coronavirus pandemic took hold last year, they supported his decision to […]
By Administrator_India Capital Sands Oil slumped as a string of renewed lockdown measures in Europe stoked concerns about the demand outlook while the market’s underlying structure shifted to indicated near-term weakness. Futures in New York and London fell as much as 5 percent, with the prompt spread on both flipping into contango. Concerns are re-emerging over the prospects for a […]
By Administrator_ India Capital Sands A bill that seeks to make it clear that the “government” in Delhi means the “Lieutenant Governor” was passed by Lok Sabha on Monday amidst strong opposition from the Congress and the Aam Aadmi Party which said that the legislation is “unconstitutional”. Union Minister of State for Home G Kishan Reddy said the Government of National Capital Territory of […]
By Administrator_ India Capital Sands French Prime Minister Jean Castex on Thursday announced a limited month-long lockdown for Paris and several other regions to combat surging Covid-19 cases while insisting the measures would be less strict than in the past. While non-essential businesses will close and movement outside will be restricted in the affected regions, schools will stay open and […]
By Administrator_ India Capital Sands In a first such warning against an emerging second peak of Covid-19, Prime Minister Narendra Modi on Wednesday asked states to take quick and decisive steps to check the spread of the virus. In an urgently called video-conference meeting, chief ministers were told to adopt the test, track and treat strategy to stop a new Covid wave. […]
By Administrator_ India Capital Sands The wholesale price index (WPI)-based inflation rate rose to a 27-month high in February due to a broad-based hardening of prices of fuels, food items, and manufactured goods. However, diesel, which indirectly impacts prices of other items, continued to see deflation (a fall in prices), in February, albeit at a much lower rate than witnessed […]
By Administrator_ India Capital Sands Gold prices gained on Monday as the passage of a U.S. stimulus bill stoked inflation risks, although a resultant bounce in Treasury yields kept gains in check. FUNDAMENTALS * Spot gold rose 0.3% to $1,732.02 per ounce by 0134 GMT, while U.S. gold futures for April delivery rose 0.7% to $1,730.90 per ounce. * Yields […]
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By Administrator_India Capital Sands After Thane, now a Janata Curfew will be imposed in Maharashtra’s Jalgaon district. The curfew will start on March 11 at 8 pm and end on March 15 at 8 am, reported ANI. Emergency services, MPSC, and other Departments’ exams shall be exempted from the curfew, said Jalgaon’s District Collector Abhijit Raut. Earlier in the day, Thane Municipal […]
By Admnistrator_ India Capital Sands Retail fuel prices across the country remained steady on March 9, 2021, after prices of petrol and diesel touched new highs on February 27, 2021. The prices of petrol and diesel in New Delhi remained unchanged at Rs 91.17 per litre and Rs 81.47 per litre, respectively, according to the Indian Oil Corporation Limited. The prices were […]
By Administrator_India Capital Sands An official from the party of deposed Myanmar leader Aung San Suu Kyi died overnight in police custody, associates said, while protests were held in at least half a dozen cities in some of the most widespread action against the coup last month. The cause of Khin Maung Latt’s death was not known, but Reuters saw a photograph of his […]
By Administrator_ India Capital Sands E Sreedharan, popularly known as the ‘Metro Man’, would be Bharatiya Janata Party’s (BJP) chief minister candidate for the upcoming Kerala Assembly elections. BJP state president K Surendran announced the decision on March 4. A list of the candidates would be announced soon, he said. Sreedharan, the 88-year-old engineer behind India’s expansive and ambitious metro […]
By Administrator_ India Capital Sands Indian Oil Corporation is not very keen on selling a stake in its pipelines and has instead proposed to sell some of its hydrogen-producing facilities. Indian Oil plans to hive off some of its hydrogen-producing units and sulfur recovery facilities at its refineries to a separate entity and sell stakes in it to one or […]
By Administrator_India Capital Sands Walmart-owned PhonePe and SoftBank-backed Paytm have both claimed market leadership in February 2021 in India’s intensely competitive digital payments space. While Paytm claimed on March 1 that it has crossed 1.2 billion monthly transactions across payments methods such as Wallet, UPI, cards, and internet banking, PhonePe staked its claim for digital payments market leadership on March […]
By Administrator_India Capital Sands Flipkart has made key changes to its leadership team as the Walmart-owned e-commerce giant readies for a proposed initial public offering (IPO) by next year. As the firm focuses on building and growing its business further, it has made a few leadership role changes in Flipkart Supply Chain, CDO (category design operations) and M3 (marketing, merchandising, and monetization), and […]
By Administrator_India Capital Sands Asia Pacific stocks were mostly up Monday morning, as a measured of calm returned after the turmoil sparked by a slide in government debt during the previous week. Investors also digested economic data from China, Japan, and Korea. China’s Shanghai Composite was up 0.39% by 10:05 PM ET (3:05 AM GMT) and the Shenzhen Component rose 1.84%. February’s manufacturing […]
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By Administrator_India Capital Sands Trading stoppages are a common occurrence not just in India, but globally as well. Often the causes are software glitches, hardware failures, and internet connectivity problems. We look at some of the important instances. July 3, 2014: BSE halts trading for three hours due to network outage July 4, 2017: A Nasdaq glitch shows prices of major tech […]
By Administrator_India Capital Sands Bitcoin tumbled 17% on Tuesday, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations and leveraged players took profit. The world’s biggest cryptocurrency suffered its biggest daily drop in a month, falling as low as $45,000. Bitcoin was last down 11.3% at 0939 GMT. The drop extended a slump of nearly a fifth from a record high of $58,354 […]
By Administrator _India Capital Sands Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer. Futures in London jumped 3.7% on Monday, its largest daily gain since early January, as a range of bullish calls and upward revisions to price forecasts, boosted optimism over oil demand. Goldman Sachs Group Inc […]
By Administrator_ India Capital Sands UK Chancellor Rishi Sunak plans to introduce new visas for financial technology workers in next month’s budget, part of a package of proposals in a report aimed at boosting the industry in the country, according to newspapers. The fast-track visa program is designed to lure global talent to Britain’s fintech companies and will mirror a similar policy for […]
By Administrator_India Capital Sands India will make COVID-19 molecular tests mandatory for people arriving directly or indirectly from the United Kingdom, South Africa and Brazil in a bid to contain the spread of more infectious virus variants found in those countries. India, which has reported the highest number of overall COVID-19 cases after the United States, detected the South African […]
By Administrator_ India Capital Sands Jeff Bezos, who’d held the title for more than three years until last month, reclaimed his No. 1 position with a net worth of $191.2 billion, or $955 million more than Musk Elon Musk’s reign as the world’s richest person was brief. Tesla Inc. shares slid 2.4 percent on Tuesday, erasing $4.6 billion from its chief […]
By Administrator_India Capital Sands Ratings agency S&P Global Ratings said Tuesday that India is on track to recover from a pandemic-led economic contraction by next year. South Asia’s largest economy could grow 10% in fiscal 2022, the rating agency predicted in a report. India’s fiscal year begins on April 1 and ends on March 31 in the following year. In […]
By Administrator_ India Capital Sands The Sensex on Monday crossed the 52,000-mark for the first time amid huge investments by foreign portfolio investors (FPIs) in global equity markets. The 30-share index gained 609 points, or 1.2 percent, to end the session at 52,154. The Nifty50 rose 151 points, or 1 percent, to end the session at 15,314. So far this month, […]
By Administrator_ India Capital Sands Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. The world’s largest cryptocurrency reached about $49,344 earlier in the day and was around $49,202 as of 10:20 a.m. in London. It’s now up about 70 percent so far this year. Rival cryptocurrency Ether hit a record on Saturday and is up about 150 percent […]
By Administrator_ India Capital Sands Bitcoin jumped to a record high after Mastercard and Bank of New York Mellon moved to make it easier for customers to use cryptocurrencies. The largest digital asset rose as much as 7.4 percent to $48,364, surpassing the all-time high reached Monday after Tesla announced it would hold $1.5 billion of the cryptocurrency on its balance sheet. […]
By Administrator_India Capital Sands Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent. The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers. In April-September, the economy contracted 15.7 per cent but the second half may see a surprise 2.8 per cent […]
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By Administrator_ India Capital Sands Exports from Britain to the European Union fell by 68% in January as trade was disrupted after the end of a transition period following Britain’s departure from the European Union, according to a trade body representing hauliers. The government did not confirm the data and said disruption at the border had been minimal since Britain completed its […]
By Administrator_ India Capital Sands Equity indices defied gravity for the fourth straight session to close at lifetime highs on Thursday, as FMCG and banking counters saw robust demand amid encouraging quarterly earnings. Participants shrugged off weak Asian cues and kept accumulating stocks ahead of the RBI’s policy decision on Friday, said traders. After touching an all-time high of 50,687.51 […]
By Administrator_ India Capital Sands The Sensex on Wednesday closed above the 50,000 mark for the first time as the Budget-fuelled rally continued for the third straight session. The index rose 458 points, or about 1 per cent, to finish at 50,256, gaining close to 9 per cent in the last three trading sessions. Investor wealth has jumped by Rs […]
By Administrator_ India Capital Sands The Central Board of Secondary Education announced on Tuesday the schedule for classes 10 and 12 board exams which will begin on May 4. As per the datesheet, the exams for class 10 will conclude on June 7, while those for class 12 will conclude on June 10. Usually, practical exams are conducted in January and […]
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By Administrator_India Capital Sands India should experience a “normal” June-September monsoon season as the effects of the La Nina weather pattern ease, according to a report by Skymet Weather Services. “There is sufficient cooling in the Pacific Ocean now and La Nina conditions are at the peak,” the private forecaster said on its website on Sunday, adding initial readings indicate […]
By Administrator_ India Capital Sands India has carried out the fifth-highest number of COVID-19 vaccinations by inoculating 2.03 million people till January 26, the Health Ministry said, stressing the number of beneficiaries who have received the shots has crossed 25 lakh till Thursday afternoon. Addressing a press conference, Union Health Secretary Rajesh Bhushan said that India was the fastest country […]
By Administrator_ India Capital Sands The World Health Organization (WHO) plans to approve several COVID-19 vaccines from Western and Chinese manufacturers in the coming weeks and months, an internal document seen by Reuters shows, as it aims for rapid rollouts in poorer countries. COVAX, a global scheme co-led by the WHO, wants to deliver at least 2 billion COVID-19 doses […]
By Administrator_ India Capital Sands The benchmark Sensex snapped its two-day, 1,000-point losing streak on Tuesday as investors regained their risk appetite on optimism that the US will announce more stimulus measures under the Joe Biden administration. The index ended at 49,398, with a gain of 834 points, or 1.72 per cent — the most since November 5. The Nifty50 index rose […]
By Administrator_ India Capital Sands Petrol price in the national capital neared the Rs 85 a litre mark while diesel rates in Mumbai were close to Rs 82 as fuel prices were raised by 25 paise per litre each on Monday. Petrol now costs a lifetime high of Rs 84.95 per litre in Delhi while diesel comes for Rs 75.13, according to a price […]
By Administrator_ India Capital Sands The Parliamentary Committee on Information Technology has issued summons to officials of Facebook and Twitter for January 21, to question them over misuse of the social media/online news platforms. The schedule of meeting on the Lok Sabha website read: “Evidence of representatives of Ministry of Electronics and Information Technology and to hear the views of the representatives of Facebook and Twitter on the […]
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By Administrator_ India Capital Sands The benchmark Nifty50 index on Tuesday reached another milestone in its journey to scale fresh peaks. The index price-to-earnings (P/E) multiple reached an all-time high of 40x on Tuesday when it made an intra-day high of 14,590.65. The index closed the day with a P/E multiple of 39.9 and earnings per share (EPS, or earnings per unit […]
By Administrator_ India Capital Sands The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 23 points loss. The BSE Sensex closed above the psychological level of 49,000, rising 486.81 points or 1 percent to 49,269.32 on January 11 while the Nifty50 climbed 137.50 points to 14,484.80. According […]
By Administrator_ India Capital Sands The Confederation of All India Traders has strongly objected the new WhatsApp privacy policy through which all kinds of personal data, payment transactions, contacts, location and other vital information of a person who is using WhatsApp will be acquired by it and can be used for any purpose by WhatsApp. In a communication sent to […]
By Administrator_ India Capital Sands The total market value of cryptocurrencies surpassed $1 trillion for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record. Cryptocurrencies hit the milestone after a fivefold climb in market value in the past year, data from tracker CoinGecko shows. Strategists have cited demand from speculative retail traders, trend-following quant funds, […]
By Administrator_ India Capital Sands Petrol price on Wednesday neared all-time high after state-owned fuel retailers hiked rates after a nearly month-long hiatus. Petrol price was raised by 26 paise per litre and diesel by 25 paise a litre, according to a price notification from oil marketing companies. After this increase, petrol in Delhi climbed to Rs 83.97 per litre […]
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By Administration_ India Capital Sands Billionaires have always traveled in a different orbit than the rest of us. Nicer things, more power, rocket-launching stations. But 2020 threw that gulf into stark relief. While much of the world grappled with soaring unemployment and plunging growth, the 0.001% benefited from unprecedented wealth creation. The world’s 500 richest people added $1.8 trillion to […]
By Administrator_ India Capital Sands Bonds closed stronger on the last day of 2020 and the rupee weaker as the Reserve Bank of India followed opposite strategies for the two throughout the year. The rupee ended at 73.1 a dollar on Thursday, against 71.4 at the end of 2019. It has depreciated 2.3 per cent in this calendar year, becoming the […]
By Administration_ India Capital Sands The Sensex and Nifty raced to fresh record highs on Wednesday as gains in financials, auto, and cement counters helped benchmarks extend their winning run for the sixth straight session amid positive global cues. European equities marched higher after the UK became the first country to approve the Covid-19 vaccine developed by AstraZeneca and Oxford […]
By Administration_ India Capital Sands India’s economy could prove to be the “most resilient” in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country’s large market will continue to attract investments. The report titled ‘Foreign Direct Investment […]
By Administration_ India Capital Sands The Indian equity benchmark indices closed at yet another record high on the first day of the year’s final week. Continuing foreign portfolio investor (FPI) flows and positive global cues on US President Donald Trump’s signing a $2.3-trillion spending Bill, including a $900 billion coronavirus relief package, helped the benchmark Sensex to end higher and breach the […]
By Administrator_ India Capital Sands Petrol and diesel prices were paused for the the 21st day on Monday after sixth straight day of hikes. Fuel prices were hiked for the sixth straight day on December 7 by the oil marketing companies leading rates to touch 2-yrear high. Petrol price in Delhi was was hiked by 30 paise per litre and diesel […]
By Administration_ India Capital Sands The RBI Governor Shaktikanta Das has asked banks to take proactive measures to strengthen their resilience and lending capacity by raising capital, the central bank said in a statement on Wednesday. During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively. […]
By Administration_ India Capital Sands Gold futures inched up 0.01% at $1,870.50 by 10:47PM ET (3:47 AM GMT). U.S. President Donald Trump said on Tuesday that he may not sign a COVID-19 bill passed by both the House of Representatives and the Senate on Monday. He called the bill an unsuitable “disgrace,” but stopped short of threatening to veto the legislation. […]
By Administration_ India Capital Sands On December 20, top Capitol Hill negotiators sealed a deal for an almost $1 trillion COVID-19 economic relief package. This finally delivers long-overdue help to businesses and individuals and providing money to deliver vaccines to a nation eager for them. Here’s everything you need to know about this deal: — This deal now establishes a temporary $300 per […]
By Administration _India Capital Sands Apple Inc has temporarily shut all of its 53 stores in California because of a coronavirus outbreak and 16 stores in the United Kingdom following restrictions introduced by the government in London, a spokesman said on Saturday. The company said on Friday it was temporarily shutting some stores in California following a surge in Covid-19 cases, sending the […]
By Administrator_ India Capital Sands Oil was down on Friday morning in Asia, with ever-rising numbers of COVID-19 weighing on fuel demand and the U.S. Congress continuing negotiations for a $900 billion economic stimulus bill. Brent oil futures were down 0.23% to $51.38 by 11:02 PM ET (4:02 AM GMT) and WTI futures inched down 0.04% to $48.34. Both Brent and WTI futures […]
By Administration_ India Capital Sands Saudi Arabia said its spending plans for next year would be expansionary, as it leans more heavily on government-controlled funds to make up for cuts to a finance ministry budget battered by a decline in oil prices and the coronavirus pandemic. The kingdom will stick to its plan to cut spending by 7.3 per cent in […]
By Administrator_ India Capital Sands An intensive care unit nurse became the first person in New York state to receive the Pfizer/BioNTech Covid-19 vaccine on Monday, marking a pivotal turn in the US effort to control the deadly virus. Sandra Lindsay, who has treated some of the sickest Covid-19 patients for months, was given the vaccine at Long Island Jewish Medical Center […]
By Administrator_ India Capital Sands The first COVID-19 vaccines landed on Canadian soil on Sunday, Prime Minister Justin Trudeau said, and some Canadians are expected to roll up their sleeves for a shot as soon as Monday. Canada and the United States are set this week to become the first Western nations after the UK to begin inoculations with the […]
By Administrator_ India Capital Sands The NSE on Thursday said it will launch derivatives contracts on the Nifty Financial Services index. This will be only the third equity index to have futures and options contracts. At present, NSE offers derivatives contracts for the benchmark Nifty50 and the Bank Nifty index. The Nifty Financial Services comprises 20 stocks, mainly banks, non-banking financial companies and insurance stocks — including HDFC Bank, […]
By Administrator_ India Capital Sands Prime Minister Narendra Modi will lay foundation stone of the new Parliament building in New Delhi today. The new structure will be constructed close to the existing building under the Central Vista redevelopment project. In attendance Lok Sabha Speaker Om Birla, Rajya Sabha Deputy Chairman Harivansh Narayan Singh, union ministers Pralhad Joshi and Hardeep Singh […]
By Administrator_ India Capital Sands The initial public offering (IPO) of Burger King India received an overwhelming response from the retail investors. Burger King received 15.54 times subscription from retail investors on the very first day, while Happiest Minds received 14.6 times and Chemcon Speciality Chemicals received 9.8 times. Burger Kings’ Rs 810-crore issue was subscribed 3.13 times on December […]
By Administrator_ India Capital Sands The benchmark indices advanced for the fifth straight day on Monday, led by gains in consumer goods and banking stocks amid optimism around the progress in Covid vaccines. Both Sensex and Nifty ended at a new all-time high for the third day. The Sensex rose 347 points, or 0.77 per cent, to end at 45,427, […]
By Administrator _ India Capital Sands Farmers listen to a speaker during a protest against the newly passed farm bills at Singhu border near Delhi, December 5. Commuters may face problems as some auto and taxi unions in the city have decided to join ”Bharat Bandh” on December 8 called by farmer unions protesting against the recent farm laws. However, […]
By Administrator_ India Capital Sands The Delhi High Court on Friday passed a detailed judgement which clarified Regulation 6 and 9 of the RBI FEMA Regulations 2004 while disposing of Jindal Steel and Power Ltd petition and upholds transfer of money by it to a foreign subsidiary. Court also asked the Petitioner firm to ensure unencumbered assets worth remitted amount […]
By Administrator_ India Capital Sands India’s exports reduced by 9.07 per cent in November, in a second straight month of decline, as major markets continued to be impacted by Covid-19. The outbound shipment in November this year stood at $23.43 billion, against $25.77 billion in the same month a year earlier, official data showed today. In October, the country’s exports […]
By Administrator_ India Capital Sands Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January. Brent crude oil futures were down by 27 cents, or 0.6%, at $47.15 a […]
By Administrator_ India Capital Sands The benchmark Sensex and the Nifty posted a 12 per cent gain in November, but this was pale in comparison with global peers. On Monday, stocks in Asia (the Indian markets were closed) swung from gains to losses, along with US futures and European equities as investors monitored progress on the path to a coronavirus vaccine on the final day of […]
By Administrator_ India Capital Sands Thanksgiving just got a little bit better for the Maine lobster industry. The European Union parliament on Thursday approved a mini trade deal with the United States, which includes the elimination of customs duties on U.S. lobster imports. The passage with 638 votes for, 45 against and 11 abstentions was the last major political step for […]
The online trading industry is not what it used to be. In fact, many would argue that the arena has entirely changed in recent years. Europe in particular has seen a severe tightening in regulation which has dramatically forced brokers to change the way they approach their mode of operation. At the same time, banks and Payment Service Providers have […]
By Administrator_ India Capital Sands At least three people were killed in Tamil Nadu and over 1,000 trees uprooted while some low-lying areas were marooned due to waterlogging following heavy rains on Thursday as severe cyclonic storm Nivar made landfall near Puducherry. In Tamil Nadu, atleast three people were killed in rain-related incidents across the state such as tree and […]
By Administrator_ India Capital Sands In view of a massive protest planned by farmers from Punjab, Haryana, Uttar Pradesh and other parts of the India against the new farm laws of the Centre, Delhi Metro Rail Corporation on Wednesday announced that metro services to several areas of the national capital will remain suspended till 2 pm on Thursday. The DMRC […]
By Administrator_ India Capital Sands Bitcoin moved to within a whisker of its all-time high on Tuesday, after hitting $19,000 for the first time in nearly three years. The world’s most popular cryptocurrency was last up 4.8% at $19,225, just shy of its all-time record of $19,666 hit in December 2017. Bitcoin has gained around 25% in the last two weeks alone, and is up […]
By Administrator _India Capital Sands Equity benchmarks made a winning start to the week on Monday as positive results from another Covid-19 vaccine candidate bolstered investor confidence globally. After touching a record intra-day high of 44,271.15, Sensex ended 194.90 points or 0.44 per cent higher at 44,077.15. Similarly, the broader Nifty rose 67.40 points or 0.52 per cent to close […]
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By Administrator _India Capital Sands The markets received a reality check on Thursday after the unprecedented run-up this month. A sell-off in global markets amid renewed fears of lockdowns to curb the rise in Covid-19 cases dampened investor sentiment and triggered profit taking. The benchmark Sensex closed at 43,600, down 580 points or 1.31 per cent, the sharpest fall since October 26. The Nifty50 […]
By Administrator_ India Capital Sands Final results from Pfizer’s Covid-19 vaccine trial showed its shot had a 95 per cent success rate and two months of safety data, paving the way for the drugmaker to apply for an emergency US authorisation within days, it said on Wednesday. Pfizer said it expected the US FDA vaccine advisory committee to review and discuss the […]
By Administrator _India Capital Sands With frequent changes in visa norms and the anti-immigration mood during the Donald Trump regime, the number of Indians studying in the US fell to a three-year low at 193,124. According to the latest Open Doors Report on International Educational Exchange (IIE), the number of Indian students studying in American universities and colleges fell 4.4 […]
By Administrator_ India Capital Sands The Sensex defied gravity for the eighth straight session to finish at yet another record high on Wednesday, as positive global cues and robust foreign fund inflows fuelled risk-on sentiment. The government approving a Rs 2-trillion production-linked incentive package for various sectors, also buoyed investors, traders said. After touching its all-time peak of 43,708.47 during […]
By Administrator _India Capital Sands Oil was up on Wednesday morning in Asia, with gains of over 11% in the last two days. Prices have been buoyed by positive COVID-19 vaccine news and encouraging U.S. stockpile data. Brent oil futures rose 0.92% to $44.01 by 11:45 PM ET (3:45 AM GMT) and WTI futures jumped 1.06% to $41.80. Oil has continued its recent […]
By Administrator_ India Capital Sands Brazil’s health regulator has suspended a clinical trial for China’s Sinovac coronavirus vaccine citing a severe adverse event, surprising the trial organisers who countered there had been a death but it was unrelated to the vaccine. The health regulator, Anvisa, said on Monday the event took place on Oct. 29 but did not specify if […]
By Administrator _ India Capital Sands US President-elect Joe Biden will work towards providing a roadmap to American citizenship for nearly 11 million undocumented immigrants, including over 500,000 from India, and will also establish a minimum admission number of 95,000 refugees annually. As a largely immigrant community, but in some cases with American roots reaching back generations, Indian-Americans know firsthand the strength and resilience […]
By Administrator_ India Capital Sands Joe Biden stood on the brink of claiming the US presidency from Donald Trump on Thursday, with a handful of states expecting to complete their vote counts despite Republicans opening legal fights to stop counting in at least two states. Biden held 264 Electoral College votes out of the 270 needed to win the White House, according to […]
Forex is one of the fastest-growing areas for new traders to get started. The main reason for this is the low entry-level (only a few hundred dollars for mini accounts) and that it is fairly straightforward to trade. The word FOREX is derived from Foreign Exchange and is the largest financial market in the world. Forex is often abbreviated to FX. As […]
By Administrator_ India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 94.093 by 11:17 PM ET (3:17 AM GMT). The dollar held onto gains from the previous week, seeing its largest weekly percentage rise since late September during the previous session as investors cautiously turned to the safe-haven asset. Although […]
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By Administrator_ India Capital Sands The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, edged down 0.11% to 92.942 by 10:31 AM ET (2:31 AM GMT). On the COVID-19 front, the U.S., Russia and France all set new records for the number of daily COVID-19 cases. There are over 43.4 million cases globally as of Oct. […]
By Administrator_ India Capital Sands Slamming President Donald Trump for his comment on India’s air pollution, former vice president and Democratic Party’s presidential nominee Joe Biden on Saturday said he and his running mate Kamala Harris deeply value America’s partnership with India. President Trump called India ‘filthy’. It’s not how you talk about friends and it’s not how you solve […]
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By Administrator_ India Capital Sands Prime Minister Narendra Modi would be meeting 15 global funds to promote investments and to assess their views on reforms that are required to attract long-term capital into the country. The meeting would focus on investment in capital-starved sectors like infrastructure. “Fund houses from all over the world are in touch with us and want us to provide […]
By Administrator _India Capital Sands Prime Minister Narendra Modi is set to meet 15 of the world’s largest funds to promote investments in capital-starved sectors like infrastructure. The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country. The development comes at a time when capital expenditure has seen a […]
By Administrator _ India Capital Sands Oil extended declines as Opec+ warned of a precarious outlook for the market while a resurgent virus hits consumption. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition’s committee meeting on Monday, called on the group to be proactive in the face of uncertain demand. The comments are strengthening expectations that Opec and […]
By Administrator_ India Capital Sands Pollution levels in Delhi dipped slightly on Monday but the air quality stayed in the ‘poor’ category, with government agencies saying the AQI was likely to slip to ‘very poor’ in the next few days due to a change in wind direction and a reduction in speed. The city recorded a 24-hour average air quality […]
By Administrator_ India Capital Sands Air pollution may increase transmissibility of the novel coronavirus making people more vulnerable to the disease and aggravating the COVID-19 situation, experts have said, while warning that those who have had the infection in the past may also have to face new challenges. With winters approaching and easing of the coronavirus-induced lockdown, Delhi-NCR is bracing […]
By Administrator _ India Capital Sands Singapore and Hong Kong have agreed on a bilateral air travel bubble, which will exempt travellers from the mandatory quarantine upon arrival, as the rate of coronavirus infection declines in both cities Travellers under the bubble will not be subject to mandatory quarantining, the MOT release said, adding that there will be no restrictions on travel purposes and no need for […]
By Administrator_ India Capital Sands The Shanghai Composite inched down 0.08% at 11:05 PM ET (3:05 AM GMT) and Shenzhen’s SZSE Composite edged down 0.14%. Asian Pacific markets were mostly down on Thursday morning, with U.S. COVID-19 stimulus looking increasingly unlikely before their elections and the rapid spread of COVID-19, especially in Europe. Increased U.S.-China tension is also a negative for investor […]
By Administrator_ India Capital Sands Asia Pacific stocks were mostly down on Wednesday morning after two major U.S. COVID-19 treatment trials were paused over patient safety concerns. Also hampering stocks is the ongoing lack of action on U.S. COVID-19 stimulus plans, with any action looking increasingly likely to be put off until after the U.S. elections. The Shanghai Composite was up down […]
By Administrator_ India Capital Sands Pushed up by the double-digit food inflation, the retail price inflation rate rose to an eight-month high of 7.34 per cent in September from 6.69 per cent in August. This was the sixth consecutive month that the inflation rate remained above the Reserve Bank of India’s (RBI’s) comfort zone of 6 per cent. As a result, the central bank’s […]
By Administrator_ India Capital Sands For decades, diesel has underpinned India’s economic growth and the fortunes of its refiners, but the pandemic has caused the nation’s most consumed fuel to lose some of its luster. Since Covid-19-lockdowns have eased across India, diesel consumption has trailed the rebound in gasoline with trucks remaining idle amid a softer economy. Motor fuel use, however, has benefited from […]
By Administrator_ India Capital Sands In Union Minister Ram Vilas Paswan’s death, the country has lost a mausam vaigyanik or ‘weather vane’ of politics. Perhaps no other leader was able to successfully predict the directions of political winds before taking the future course of action, like he was. Among the first to condole the death was Paswan’s friend-turned-adversary Lalu Prasad Yadav who had given […]
By Administrator_ India Capital Sands The National Council of Educational Research and Training (NCERT) signed an MoU with the Indian Sign Language Research and Training Centre (ISLRTC) on Tuesday to make textbooks and other educational material accessible for deaf children in sign language. “The availability of NCERT textbooks in Indian Sign Language (ISL) will ensure that hearing-impaired children can also […]
By Administrator_ India Capital Sands The BSE, the NSE, forex, money and bullion markets were closed on Friday on account of Gandhi Jayanti. The Sensex vaulted 629 points while the Nifty recaptured the 11,400-mark on Thursday as positive macroeconomic data. The 30-share BSE Sensex soared 629.12 points or 1.65 per cent to close at 38,697.05, led by banking and finance […]
By Administrator_India Capital Sands As the long-standing COVID-19 pandemic shows no signs of abating, healthy living has assumed massive significance the world over. Now, Indian health tech startups are reaping the benefits of growing awareness among Indians as more take to working out at home. Digital platforms are not only seeing increased traction but are also generating good revenues looking […]
By Administrator_India Capital Sands The yuan has strengthened 4.2% since the end of June to 6.772 per dollar, set for the biggest ever quarterly gain in Bloomberg data going back to 1981. The currency is the best performer in Asia in the third quarter, with the buying momentum being close to the strongest since January. The yuan is being supported […]
By Administrator_India Capital Sands Japanese Chief Cabinet Secretary Yoshihide Suga was elected leader of the ruling Liberal Democratic Party by an overwhelming majority, ushering in the country’s first change of prime minister in almost eight years. The party, which has ruled mostly uninterrupted since 1955, was set to use its parliamentary majority to install Suga as prime minister in a separate vote […]
By Administrator_India Capital Sands India on Monday registered a record 92,070 coronavirus cases in 24 hours taking the total number of infections to over 48 lakh, according to the Union Ministry of Health and Family Welfare. The country also recorded 1,136 deaths in the last 24 hours, the cumulative toll reached 79,722. The total case tally stands at 4,846,427 including 9,86,598 active […]
By Administrator_India Capital Sands Top banks in India have reported a surge in suspicious transactions by companies in cash and overseas transfers since COVID-19. State Bank of India, Bank of Baroda, ICICI Bank, and HDFC Bank have started red-flagging such transactions that defy traditional company patterns. Banks are keeping an eye on companies that have recorded a spike in trading, dealing […]
By Administrator_India Capital Sands The dollar was down on Thursday morning in Asia, ahead of the ECB meeting taking place later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.165 by 11:54 PM ET (4:54 AM GMT). The euro held onto gains against the greenback ahead of the meeting, […]
By Administrator_India Capital Sands The combination of a stalling Asian demand recovery, the end of the US summer driving season, and increased supply from the Opec+ alliance are signaling a bleak short-term outlook for oil prices. The global Brent crude benchmark is currently trading quite deeply in a bearish pattern known contango, where the most immediate prices are far below those […]
By Administrator_India Capital Sands India on Tuesday recorded as many as 75,809 new coronavirus cases, taking the national caseload near 43-lakh mark, according to the Union Ministry of Health and Family Welfare. With 1,133 more deaths in the last 24 hours, the cumulative toll reached 72,775. The total case tally stands at 42,80,422 including 8,83,697active cases. India on Monday surpassed […]
By Administrator_India Capital Sands Education Ministers of G 20 nations have resolved to work together and share best practices in the area of education so that member countries can ensure inclusive and equitable quality education and promote lifelong learning opportunities for all, even in times of crisis. A virtual meeting of G20 Education Ministers was held on September 05, 2020, […]
New Delhi: Markets opened with deep cuts on Friday in tandem with global stocks. The BSE Sensex tanked 625.93 points or 1.61 percent to 38,365.01 in early trade while the NSE Nifty fell 173.05 points or 1.50 percent to 11,354.40. All the indices in the Sensex pack were trading in the red. Banking and financials took hard hit with ICICI […]
By Administrator_India Capital Sands The SEBI has ordered attachment of bank and demat accounts of two dozen defaulters in the matters of three companies — Mass Infra Realty, Skymarg Agro Industries India, and Life Care Real Developers — to recover dues totalling nearly Rs 40 crore. The defaulters are 11 directors of Mass Infra Realty, five directors of Skymarg Agro, Life Care and […]
By Administrator_India Capital Sands The leader of the Liberal Democratic Party will almost certainly become prime minister because of its majority in the lower house of parliament, replacing Shinzo Abe who on Friday said he was stepping down for health reasons. Public broadcaster NHK said the contest was likely to place around September 13 to 15. Japanese media saying it would […]
By Administrator_India Capital Sands The Ministry of Home Affairs (MHA) on August 29 gave the go-ahead for reopening of metro rail services with effect from September. The Metro rail will be allowed to operate with effect from September 7 in a graded manner, the Unlock 4 guidelines issued by the MHA said. Chief Minister Arvind Kejriwal tweeted that he was […]
By Administrator_India Capital Sands Longer-dated Treasury yields and the dollar rose in Asia on Friday after the U.S. Federal Reserve shifted its policy framework to place more emphasis on boosting economic growth and less on worries about letting inflation run too high. The 10-year U.S. Treasury yield rose to 0.7870%, the highest since June 10, which caused the yield curve to steepen, […]
By Administrator_India Capital Sands To boost the stagnant real estate market hit by COVID-19, the Maharashtra government on August 26 decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020, sources said. Stamp duty from Jan 1, 2021, until March 31, 2021, will be 3 percent, they said. The decision was […]
By Administrator_India Capital Sands Congress president Sonia Gandhi on August 25 reached out to the chief ministers of West Bengal, Maharashtra and Jharkhand on the issue of compensation to states and would hold a meeting with them for evolving a collective stand at the August 27 GST Council meeting, sources said. They said Gandhi will be holding the virtual meeting […]
By Administrator_India Capital Sands Gold (XAU/USD) started out the week on the back foot and closed Monday below $1930, extending Friday’s weakness. The spot once again failed to sustain above the $1950 level, as the coronavirus vaccine optimism lifted the risk sentiment and dulled the haven appeal of gold. Wall Street closed at record highs while the rally in the US […]
By Administrator_India Capital Sands The dollar was flat on Monday morning in Asia, with investors awaiting further guidance on the U.S. monetary policy outlook later in the week. U.S. Federal Reserve Chairman Jerome Powell is widely expected to discuss monetary policy during the Jackson Hole symposium. The two-day event will open on Thursday. Some investors were cautiously optimistic that the […]
By Administrator_India Capital Sands The pound continued its strength against the dollar on Thursday, shrugging off growing concerns that the U.K and EU are unlikely to find a breakthrough on the latest round of post-Brexit talks, which concludes on Friday. GBP/USD rose 0.71% to $1.3192. With the latest U.K.-EU trade talks set to end on Friday, there are few betting that […]
By Administrator_India Capital Sands The Department of Telecommunications has objected to the resolution plan for Reliance Communications, as well as its unit Reliance Telecom, at the National Company Law Tribunal (NCLT), Mumbai. The NCLT has adjourned its hearing on the resolution plan for the firms till August 21. The Department of Telecommunications will file written submissions by then. According to the resolution plan […]
By Administrator_India Capital Sands Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside of Japan rose 0.3%, up for a third straight day to 570.80 points, a level […]
By Administrator_India Capital Sands Last week began with gold trading near record high levels, although a few factors along the way started to turn around, including hopes for a COVID-19 vaccine, rise in treasury yields, strong dollar and positive economic data. There are no words which can describe last week’s movement as even “wild swings” is an understatement. Although, after […]
By Administrator_India Capital Sands Asian shares firmed toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5% to 565.74, moving nearer to the January top of 574.52. […]
By Administrator_India Capital Sands China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the recovery in the factory sector struggled to gain momentum. Asian markets pulled back on Friday following the disappointing set of economic indicators, which raised concerns about the […]
By Administrator_India Capital Sands Asia’s stock markets followed Wall Street higher on Thursday, as investors returned to tech stocks, gold and selling dollars after steady virus figures and a surprising jump in U.S. inflation boosted sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2%, and gains in semiconductor makers drove Japan’s Nikkei 1.9% higher to a six-month peak. […]
By Administrator_India Capital Sands Asian stocks dipped on Wednesday on growing uncertainty over whether the U.S. lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus. Hopes of vaccine development, however, prompted some investors to reduce safe-haven assets such as gold and government bonds, and to buy back battered […]
Entrepreneurs are people who dare to go think beyond the obvious and make things happen. Their way of thinking goes beyond the creative ability of their competitors. Businesses which now have a global presence were once small and unassuming. One such example is Arun Kumar Saini (Young Indian Entrepreneur) After dropping out of school began his career by starting a […]
By Administrator_India Capital Sands Asian shares tumbled on Friday after U.S. President Donald Trump ratcheted up already-heightened tensions with Beijing by banning U.S. transactions with China’s tech giant Tencent as well as ByteDance, the owner of video-sharing app TikTok. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 1% and Hong Kong’s Hang Seng fell 2%. Tencent, Asia’s second-biggest company by market […]
By Administrator_India Capital Sands The dollar languished and just about everything else rose on Thursday, as markets took patchy U.S. economic data as a harbinger of ever more stimulus and brinkmanship on Capitol Hill as a sign that a deal on a new U.S. stimulus package is close. Following Wall Street’s lead, MSCI’s broadest index of Asia-Pacific shares outside Japan […]
By Administrator_India Capital Sands Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares were mostly lower as investors baulked at the ballooning cost of the coronavirus pandemic. Risk assets such as equities have surged in recent months on massive policy stimulus from central banks and governments, but gold […]
By Administrator_India Capital Sands Asian shares rose on Tuesday after strong U.S. manufacturing data and gains in tech stocks helped investors look past broader worries about the coronavirus and global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9%, while shares in China nudged up 0.1%. Australian stocks gained 2% for the biggest intraday gain since July 21. […]
By Administrator_India Capital Sands The U.S. economy contracted by an unprecedented annualised rate of 32.9% in the second quarter, the Commerce Department reported Thursday, the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending. Economists had forecast a slightly larger decline of 34.1% after a 5% contraction in the first quarter, although they warned that the figure […]
By Administrator_India Capital Sands Asian stocks were boosted by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve left interest rates near zero to support the country’s virus-battered economy, sending the dollar to a two-year trough. All Fed members voted to leave the target range for short-term rates between 0% and 0.25%, where it has been since […]
By Administrator_India Capital Sands Gold hovered around record highs on Wednesday morning in Asia as the US dollar remained weak and debate continued in the U.S. over the next COVID-related stimulus package. Gold futures gained 0.05% to $1,945.60, lower than the $1,968.00 level hit on Tuesday, suggesting that the relentless climb in the price of the yellow metal may be […]
By Administrator_India Capital Sands Oil held losses near $41 a barrel in New York as signs of weakness in the U.S. labor market cast doubt on the strength of the demand recovery in the world’s biggest crude consumer. The first increase in jobless claims since March comes as lawmakers negotiate another virus relief package, while infections and deaths surged across […]
By Administrator_India Capital Sands The dollar crept off milestone lows against other majors on Thursday, and held on to gains against the yuan, as heightened Sino-U.S. tension put a bit of caution into currency markets. China has vowed to respond and the escalation in tension between the world’s two largest economies sent the yuan on its sharpest slide in nearly […]
By Administrator_India Capital Sands The euro stood at an 18-month high, silver soared and commodities forged ahead on Wednesday, as economic recovery hopes drove bets on rebounding world demand and a falling U.S. dollar. Stock markets in Asia ground higher, except in Australia where a surge in coronavirus infections put pressure on bank and travel shares and the benchmark index […]
By Administrator_India Capital Sands Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal. Spot gold was up 0.1% at $1,817.23 per ounce, after hitting its highest since September 2011 at $1,820.06 on […]
By Administrator_India Capital Sands Asian shares were downbeat on Monday with oil and copper also soft, as a spike in global coronavirus cases hung over markets awaiting efforts from the euro zone and United States to stitch together fiscal stimulus plans to fight the pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2%, reversing early gains after E-mini futures for […]
By Administrator_India Capital Sands The dollar was up on Friday morning in Asia, with investors turning to the safe-haven asset as the number of COVID-19 cases continue to be smash records. The U.S. recorded at least 75,000 cases over a 24-hour period on Thursday, and Brazil surpassed the 2 million mark the same day. The surging number of cases prompted […]
By Administrator_India Capital Sands President Donald Trump demoted his longtime campaign manager on Wednesday, a move aimed at shoring up his re-election bid as he trails Democratic candidate Joe Biden in opinion polls less than four months before the Nov. 3 vote. In a Facebook post, Trump said campaign manager Brad Parscale would be replaced by Bill Stepien, who has been […]
By Administrator_India Capital Sands Asian shares jumped on Wednesday as optimism about a coronavirus vaccine bolstered risk appetite while the euro rose to a four-month top on the prospect of stimulus ahead of a crucial EU summit. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2%, edging closer to a recent five-month peak. Japan’s Nikkei added 1.5% to the highest […]
By Administrator_India Capital Sands Asian stock markets slipped on Tuesday, oil sagged and a safety bid supported the dollar as simmering Sino-U.S. tensions and fresh coronavirus restrictions in California kept a lid on investor optimism as earnings season gets underway. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2%. Japan’s Nikkei retreated from a one-month high touched on Monday, dropping 0.8%. […]
By Administrator_India Capital Sands Asian shares crept toward five-month peaks on Monday as investors wagered the U.S. earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockdowns. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15%, having climbed sharply last week on the back of surging Chinese stocks, which added another […]
By Administrator_India Capital Sands Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concerns that new lockdowns could derail an economic recovery, while investors looked forward to earnings season. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.76%. Australian stocks dropped 0.42%, while Japanese stocks declined by 0.4%. Shares […]
By Administrator_India Capital Sands The dollar nursed losses against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. Traders in Asia are focused on whether China’s yuan can extend gains against the greenback as investors of all stripes shift funds to increase positions in Chinese […]
By Administrator_India Capital Sands The World Health Organization on Tuesday acknowledged “evidence emerging” of the airborne spread of the novel coronavirus, after a group of scientists urged the global body to update its guidance on how the respiratory disease passes between people. The WHO has previously said the virus that causes the COVID-19 respiratory disease spreads primarily through small droplets […]
By Administrator_India Capital Sands Asian shares paused for breath on Tuesday following a surge sparked by speculation Beijing is trying to orchestrate a major domestic bull run to support an economy hit by the coronavirus and a standoff with Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.25%, a seemingly inevitable correction after sharp gains of […]
By Administrator_India Capital Sands Indian shares rose for a fourth straight session on Monday, as HDFC Bank Ltd gained after reporting strong loan growth and hopes of a recovery in the global economy pushed stock markets across Asia higher. The Nifty rose 0.98% to 10,711.05, while the Sensex was up 0.82% at 36,315.69, both trading near their four-month peaks. HDFC […]
By Administrator_India Capital Sands Indian shares scaled near four-month highs on Friday, as upbeat data from the United States and China outweighed concerns about surging domestic cases of the novel coronavirus, while Reliance Industries climbed after Intel invested in its digital unit. The benchmark indexes rose for a third day, with the Nifty rising 0.39% to 10,592.55 and the Sensex […]
By Administrator_India Capital Sands Gold was down on Thursday morning in Asia, with investor sentiment boosted by positive results from yet another potential COVID-19 vaccine. U.S. pharmaceutical company Pfizer announced the results from the early stage human trial for BNT162b1, its mRNA candidate jointly developed with German biotech firm BioNTech, on Wednesday. The results showed production of neutralizing antibodies in […]
By Administrator_India Capital Sands Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world. Brent crude rose 48 cents, or 1.2%, to $41.75 a barrel after declining more than 1% on Tuesday. U.S. crude was up […]
By Administrator_India Capital Sands The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Manager’s Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with over 10.2 million cases as of June 30 according to Johns Hopkins […]
New Delhi : CapitalUniversity India has ranked 64th in the 2020 Higher Education University Rankings. Last year, CUJ was 68th and it has moved 04 notches up this year. It is second amongst the Indian Universities. THE’s 2020 University Rankings reveal the best universities under 50 years old, assessing them across teaching, research, international outlook and their work with industry. In fact, the ranking […]
By Administrator_India Capital Sands Authorities in New Delhi worked to convert a spiritual centre into a huge quarantine facility on Thursday as novel coronavirus cases in the Indian capital overtook the financial hub Mumbai for the first time. Delhi now has 70,390 coronavirus cases, with more than 40,000 detected in the last two weeks. That is more than Mumbai’s 69,528, […]
By Administrator_India Capital Sands Indian stocks fell on Thursday after the International Monetary Fund steeply cut its growth outlook for the country and forecast a deeper global recession, with a surge in coronavirus cases also spooking investors. The IMF predicted Indian economy to contract by 4.5% following a longer lockdown period and slower recovery than anticipated in April. It also […]
By Administrator_India Capital Sands India’s ministry of civil aviation said on Tuesday it was considering allowing some international carrier flights to resume after Washington accused India of “unfair and discriminatory practices.” The Indian ministry said in a statement posted on Twitter that as “we move from controlled and managed aviation evacuation of our citizens in different parts of the world […]
By Administrator_India Capital Sands Asian shares see-sawed in a wild ride on Tuesday following confusing statements from the White House over the U.S.-China trade deal, with President Donald Trump later clarifying the pact was “fully intact.” Trump’s tweet bolstered market sentiment, helping e-minis for the S&P 500 swing back to positive territory. Asian shares were quick to turn around too, […]
By Administrator_India Capital Sands U.S. stock futures erased losses and Asian stocks held flat on Monday, trying to shake off worries that rising coronavirus cases in the United States could scupper a quick economic rebound from the massive downturn triggered by the pandemic. U.S. S&P 500 futures rose 0.4%, having erased early losses of 1.05% while Japan’s Nikkei also eked out […]
By Administrator_India Capital Sands Gold was up on Friday morning in Asia, amid a rising number of COViD-19 cases in China and the U.S. as well as rising U.S.-China tensions. Beijing reported 25 new COVID-19 cases on Thursday, with the number of cases linked to an outbreak in the Xinfadi market now standing at almost 200. Some U.S. states also […]
By Administrator_India Capital Sands Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. S&P 500 mini futures fell 1.2% in early Asian trade while MSCI’s broadest index of Asia-Pacific shares outside Japan lost as much as 1%. Japan’s Nikkei lost […]
By Administrator_India Capital Sands Gold was down on Wednesday morning in Asia, with the yellow metal stemmed by positive U.S. retail sales data and mounting COVID-19 and geopolitical fears. Gold futures fell by 0.13% at $1,734.20. Stocks, which usually move in the opposite direction to gold, were mostly down on Wednesday. The U.S.’ announcement of a record increase in May retail […]
By Administrator_India Capital Sands The Bank of Japan kept monetary settings steady on Tuesday and stuck to its view that the economy will gradually recover from the coronavirus pandemic, signalling that it has taken enough steps to support growth for now. However, it increased the nominal size of its lending packages for cash-strapped firms to $1 trillion from about $700 […]
By Administrator_India Capital Sands Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% with Australian shares off 0.1% and South Korea easing 0.3%. Japan’s Nikkei faltered […]
By Administrator_India Capital Sands Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies. The three major U.S. stock indexes fell more than 5%, posting their worst day since mid-March when markets were sent into freefall by the […]
By Administrator_India Capital Sands Asian stocks were set to fall on Thursday after gloomy economic projections from the U.S. Federal Reserve sent the greenback and most Wall Street shares lower. Fed officials at their policy meeting on Wednesday said U.S. gross domestic product is expected to decline 6.5% this year. They also flagged the need to keep the key interest […]
By Administrator_India Capital Sands Asian stock markets eked out a 10th consecutive session of gains on Wednesday, but momentum ebbed as doubts about the global recovery from the pandemic returned ahead of the U.S. Federal Reserve meeting. The sideways move in equities cap two weeks of stock market gains, turbocharged by Friday’s data showing a completely unexpected rise in U.S. […]
By Administrator_India Capital Sands Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery. Markets have been particularly encouraged by a May U.S. jobs report last week that showed a surprise fall in the unemployment rate, sending […]
By Administrator_India Capital Sands U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic. U.S. S&P500 futures rose 0.5% to stand near their highest levels since late February while Japan’s Nikkei opened more than 1% higher. MSCI’s […]
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By Administrator_India Capital Sands Japan’s household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in the world’s third-largest economy, and prospects of higher job losses chilled consumer sentiment. The dismal number will keep policymakers under pressure to prevent a larger decline in the economy, which is expected to fall deeper […]
By Administrator_India Capital Sands Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in economic recovery from the global coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4%, earlier touching the highest since March 9. Shares in Australia rose 0.66% after the country’s prime minister unveiled a fourth stimulus package […]
By Administrator_India Capital Sands Asian shares vaulted to a nearly three-month high on Wednesday as hopes of more stimulus and a further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.3%, extending its rally into a fifth […]
By Administrator_India Capital Sands The dollar was up on Tuesday morning in Asia, with investors turning to the safe-haven asset even amid optimism over the global economic recovery from the COVID-19 virus. The U.S. Dollar Index that tracks the greenback against a basket of other currencies gained 0.06% to 97.875. In the latest retaliation between the U.S. and China, China ordered […]
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By Administrator_India Capital Sands Asia’s stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong. China’s parliament on Thursday pressed ahead with national security legislation for the city, raising fears over the future of its democratic freedoms and function as a […]
By Administrator_India Capital Sands Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Analyst showed on Wednesday. The stimulus, which will be funded partly by a second extra budget, will be on top of […]
By Administrator_India Capital Sands Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy. Japan’s Nikkei led the way with a rise of 2% to its highest since early March when the economic impact of the coronavirus was just […]
By Administrator_India Capital Sands The White House on Sunday said it was restricting travel from Brazil to the United States, two days after the South American nation became the world’s No. 2 hotspot for coronavirus cases. The travel ban was a blow to right-wing Brazilian President Jair Bolsonaro, who has followed the example of U.S. President Donald Trump in addressing […]
By Administrator_India Capital Sands Hong Kong shares tumbled on Friday after Beijing moved to impose a new security law on the city after last year’s pro-democracy unrest, risking fresh protests and further straining fast-deteriorating U.S.-China ties. Hong Kong’s Hang Seng index fell 3.7% to a seven-week low, helping to pull down the MSCI broadest index of Asia-Pacific shares outside Japan […]
By Administrator_India Capital Sands Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support. Hong Kong futures edged higher. Nikkei futures were trading above the Nikkei 225 index’s previous close. Australian shares were also set to rise. Global equities have received a boost […]
By Administrator_India Capital Sands Asian stocks struggled to extend the week’s rally on Wednesday and gold and bonds firmed as a skeptical press report dented some hopes for a COVID-19 vaccine and concerns about bumps in the global recovery from the pandemic returned. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat. The risk-sensitive Australian dollar retreated from an […]
By Administrator_India Capital Sands The sugar rush from Monday’s Franco-German proposal for a 500 billion-euro ($546 billion) Recovery Fund has faded quickly on Tuesday, with European stock markets mostly succumbing to profit-taking rather than extending gains. By 5:30 AM ET (0930 GMT), the benchmark Stoxx 600 was down 0.8%, while the French CAC 40 was down 0.9% and the Italian FTSE MIB was down 1.2%. That […]
By Administrator_India Capital Sands The number of COVID-19 cases in the United States exceeded 1.5 million on Monday, as total deaths caused by the new coronavirus approached 90,000. Most U.S. states reported a drop in new cases of the respiratory illness for the week ended May 17, with only 13 states seeing a rise in infections compared to the previous […]
By Administrator_India Capital Sands The dollar was down on Monday morning in Asia, giving up some of its gains on Friday. U.S.-China tensions rose over the weekend after White House trade advisor Peter Navarro suggested in a “This Week” interview that Beijing sent “hundreds of thousands of Chinese on aircraft to Milan, New York and around the world” to spread the virus after hiding it from the world […]
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By Administrator_India Capital Sands Asian stocks were set to rise on Friday amid investor optimism about the re-opening of the U.S. economy from coronavirus lockdowns and possibly more stimulus that could fuel a recovery. U.S. President Donald Trump said he was open to negotiating another possible stimulus bill amid the novel coronavirus pandemic, but “was taking his time” to see […]
By Ritu, Capital Sands Japan has begun treating severely ill COVID-19 patients with Gilead Sciences Inc’s COVID-19 remdesivir drug, a health ministry official said, just days after giving the drug emergency approval as it seeks to curb the coronavirus outbreak. Ministry official Yasuyuki Sahara said in an e-mail on Thursday that the U.S. firm’s treatment has been distributed to hospitals […]
By Administrator_Inida Capital Sands The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S. central bank’s power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic. Fed Chair Jerome Powell issued his sober review of an economy slammed by a record […]
By Ritu, Capital Sands Indian bonds recovered from early falls on Wednesday as investors chose to wait for details of the government’s 20 trillion rupee ($266 billion) fiscal package aimed at supporting an economy ravaged by a weeks-long coronavirus lockdown. Prime Minister Narendra Modi said on Tuesday night that the package was equivalent to nearly 10% of India’s gross domestic […]
By Administrator_India Capital Sands South Korea’s unemployment rate was unchanged in April but the number of employed fell at its fastest in more than two decades, data showed on Wednesday, as efforts to contain the coronavirus pandemic shut businesses and cut social activity. The nation’s unemployment rate was a seasonally adjusted 3.8% in April, unchanged from March. However, the number […]
By Ritu, Capital Sands European stock markets traded in tight ranges Tuesday, as investors weighed up the benefits of reopening economies with the possibility of a second wave of Covid-19 victims. At 3:55 AM ET (0755 GMT), the DAX in Germany traded 0.1% higher, France’s CAC 40 fell 0.08%, while the U.K.’s FTSE index was up 0.3%. France’s economic downturn is easing as the country emerges […]
By Administrator_India Capital Sands Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank would do “whatever it can” to combat the growing fallout from the coronavirus pandemic, warning that a collapse in global activity would hamstring the economy. In a semi-annual testimony to parliament, Kuroda said the raft of monetary easing steps the central bank has taken […]
By Ritu, Capital Sands European stock markets posted gains Monday, amid growing optimism as more countries start to reopen their economies. At 3:45 AM ET (0735 GMT), the DAX in Germany traded 0.5% higher, and France’s CAC 40 rose 0.2%. The U.K.’s FTSE index gained 0.8%, making up for lost time as Friday was a holiday. France, the second largest economy in the euro zone, is […]
By Administrator_India Capital Sands The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round of coronavirus relief legislation, officials said on Sunday, while predicting further U.S. job losses in the coming months. Officials in President Donald Trump’s administration, including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow, […]
By Ritu, Capital Sands European stock markets pushed higher Friday, helped by a lessening of tensions between China and the U.S. ahead of key employment data. At 4 AM ET (0800 GMT), the DAX in Germany traded 0.8% higher, and France’s CAC 40 rose 0.6%. The U.K.’s FTSE index was closed due to a holiday. China’s Vice Premier Liu He talked with U.S. Trade Representative Robert […]
By Administrator_India Capital Sands The dollar slipped on Friday as investors defied a broader sense of doom around upcoming U.S. employment data and found reasons to buy riskier currencies with more governments slowly reopening their economies for business. The greenback was undermined by a further hit to its yield attraction as U.S. money markets priced in a small chance of […]
By Administrator_India Capital Sands Indian troops killed four militants in gun battles in Kashmir on Wednesday, including the commander of the biggest separatist group fighting New Delhi, a police official said, triggering clashes across the disputed region that left dozens injured. Hundreds of Indian soldiers launched an operation late on Tuesday after receiving intelligence that Hizbul Mujahideen commander Riyaz Naikoo […]
By Ritu, Capital Sands European stock markets traded slightly lower Wednesday amid weak economic data, while better than expected earnings helped the U.K. to outperform. At 4:35 AM ET (0835 GMT), the DAX in Germany traded 0.1% lower, France’s CAC 40 fell 0.2%, while the U.K.’s FTSE 100 index traded up 0.7%. German factory orders slumped 15.6% in March to their lowest level since records began […]
By Administrator_India Capital Sands The yen scaled a three-year high against the euro and a seven-week peak on the dollar on Wednesday after a court decision challenging German participation in Europe’s stimulus program and worries about a bumpy global recovery spooked investors. Germany’s highest court on Tuesday gave the European Central Bank three months to justify purchases under its bond-buying […]
By Ritu, Capital Sands The Bundesbank must stop buying government bonds under the European Central Bank’s long-running stimulus scheme within three months unless the ECB can prove those purchases are needed, Germany’s top court ruled on Tuesday. The ruling deals a blow to a scheme, called Public Sector Purchase Programme, that has kept the euro zone’s economy afloat during several […]
By Administrator_India Capital Sands The U.S. Treasury Department on Monday said it plans to borrow nearly $3 trillion in the second quarter of 2020 – more than five times larger than the previous record – as the federal government spends at a frantic pace to mitigate the impact of the coronavirus on the U.S. economy. In a statement, Treasury said […]
By Administrator_India Capital Sands U.S. President Donald Trump said on Sunday he now believes as many as 100,000 Americans could die in the coronavirus pandemic, after the death toll passed his earlier estimates, but said he was confident a vaccine would be developed by the year’s end. Trump alternated during a two-hour virtual town hall broadcast by FOX News between […]
By Ritu, Capital Sands British manufacturers suffered the biggest fall in output and orders for at least three decades in April, as measures to slow the spread of the new coronavirus sent the economy into a steep downturn, a survey showed on Friday. April’s final IHS Markit/CIPS Manufacturing Purchasing Managers’ Index confirmed the bleak picture painted in a flash estimate […]
By Administrator_India Capital Sands The coronavirus crisis sent South Korean exports plunging in April at their sharpest pace since the global financial crisis, signaling a bleak outlook for international trade as the pandemic paralyzes the world economy and shatters demand. Exports dived 24.3% year-on-year in April, trade ministry data showed on Friday, the worst contraction since May 2009 but slightly […]
By Administrator_India Capital Sands The dollar nursed losses on Thursday after the U.S. Federal Reserve left the door open to more monetary easing and dampened expectations for a quick economic recovery from the coronavirus pandemic. The greenback was also weighed down as signs the pandemic is receding in other countries and reduced safe-haven demand for holding funds in dollars. Additionally […]
By Ritu, Capital Sands European stock markets edged higher Wednesday, with investors cautiously optimistic ahead of key central bank meetings and as the earnings season continues. At 4:15 AM ET (0815 GMT), the U.K.’s FTSE index traded 0.7% higher, France’s CAC 40 was down 0.2%, while the DAX rose 0.1%. The broader based Stoxx 600 Europe index climbed 0.1%. The Federal Reserve is set to finish its two-day […]
By Administrator_India Capital Sands Australian inflation accelerated to its highest in over five years last quarter, data showed on Wednesday, but the long-desired pick-up is likely to be fleeting in the face of a coronavirus lockdown and collapsing energy prices. The headline consumer price index (CPI) rose 0.3% in the first quarter, from the previous quarter, lifting annual inflation to […]
By Administrator_India Capital Sands European stock markets traded largely unchanged Tuesday, with investors wary of getting too involved ahead of key central bank meetings, against a background of weak earnings from the financial and oil sectors. At 3:35 AM ET (0735 GMT), the U.K.’s FTSE index traded flat, France’s CAC 40 was down 0.1%, while the DAX up 0.1%. The broader based Stoxx 600 Europe index climbed 0.3%. […]
By Administrator_India Capital Sands The Australian dollar tested six-week highs on Tuesday, as signs of progress in re-opening economies helped the risk-sensitive currency recoup most of the panic selling seen in March, and as the greenback nursed overnight losses. The Aussie has rallied more than 17% from last month’s 17-year low and overnight rose through resistance around $0.6445. It drifted down […]
By Administrator_India Capital Sands European stock markets posted strong gains Monday, with investors boosted by the news of more central bank largesse and of major economies taking steps towards reopening as the Covid-19 pandemic eases. Standard & Poor’s decision not to downgrade Italy after the close on Friday is also helping. At 4 AM ET (0800 GMT), the U.K.’s FTSE index traded […]
By Administrator_India Capital Sands Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic. U.S. oil futures led losses after U.S. crude inventories rose to 518.6 million barrels in the week to April 17, […]