India on global radar as companies look to shift part of operations from China
China India

India on global radar as companies look to shift part of operations from China

By Ritu, Capital Sands   Companies are reportedly considering moving at least part of their supply chains to India in a bid to reduce dependence on China after the coronavirus pandemic. Manufacturers—global and domestic—are in talks with Indian companies to scale up operations for automobile components and electronic products from India, executives told the Livemint. This comes […]

Facebook invests $5.7 billion in Reliance Jio
Reliance Jio

Facebook invests $5.7 billion in Reliance Jio

By Administrator_India Capital Sands Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd’s telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited. The social media giant said it would focus on collaborating its messaging platform WhatsApp with Reliance’s e-commerce venture JioMart to enable people to connect with small […]

Asia stocks slide as coronavirus fears return
Market Stock trading

Europe Edges Higher; Positive Earnings Help

By Administrator_India Capital Sands European stock markets edged higher Monday, helped by some positive earnings news amid talk of additional recovery funds for the region. At 3:35 AM ET (0735 GMT), the U.K.’s FTSE index traded 0.2% higher, France’s CAC 40 was up 0.1%, while the DAX rose 0.4%. The broader based Stoxx 600 Europe index climbed 0.2%. The Spanish government plans to […]

Maharashtra allows some economic activity
Maharashtra

Maharashtra allows some economic activity

By Administrator_India Capital Sands Maharashtra, India’s largest regional economy, will allow a limited number of sectors to resume business on Monday, after a weeks-long shutdown to slow the spread of coronavirus left millions out of work. Maharashtra, home to financial centre Mumbai, has the biggest share of India’s caseload of 15,713 infections, including a large […]

China posts first GDP decline on record as coronavirus cripples economy
China

China posts first GDP decline on record as coronavirus cripples economy

By Administrator_India Capital Sands China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending, raising pressure on authorities to do more to stop mounting job losses. GDP fell 6.8% in January-March year-on-year, official data showed on Friday, larger than the 6.5% decline […]

Europe Weakens as Economic Damage Mounts
European stock Forex Analysis Global Stock trading

Europe Weakens as Economic Damage Mounts

By Administrator_India Capital Sands European stock markets weakened Wednesday, after a five-day rally, as investors reined in their bets on a swift and thorough economic rebound later in the year. At 3:45 AM ET (0745 GMT), the U.K.’s FTSE index traded 1.2% lower, France’s CAC 40 was down 1.3%, while the DAX fell 1.6%. The broader based Stoxx 600 Europe index climbed 2%. […]

Trump to refocus coronavirus task force on economic revival, concedes risks
Global International

Trump cuts WHO funding over coronavirus, global death toll mounts

By Administrator_India, Capital Sands U.S. President Donald Trump on Tuesday halted funding to the World Health Organization over its handling of the coronavirus pandemic, drawing condemnation from infectious disease experts as the global death toll continued to mount. Trump, who has reacted angrily to criticism of his administration’s response to the worst epidemic in a […]