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 […]
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 […]
By Administrator_India Capital Sands Some shops and businesses opened in rural India on Monday as part of a staggered exit from a weeks-long lockdown that has left millions out of work and short of food, while coronavirus infections rose by more than 1,500 over the previous day. India’s 1.3 billion population has been under one […]
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 […]
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 […]
By Administrator_India Capital Sands The purple ink stamped on Iqbal Hussain Siddiqui’s hand by Indian health workers was supposed to ensure he stayed home under quarantine. But the 66-year-old Siddiqui, an egg seller in Mumbai’s sprawling Dharavi slum, rubbed it off as best he could and went back to work. The mark would have […]
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 […]
By Administrator_India Capital Sands The U.S. coronavirus death toll – the highest in the world – surged past 30,000 on Wednesday after doubling in a week, while the hardest-hit state of New York ordered residents to wear masks in certain settings to combat the pandemic. The sobering milestone was reached at a time when states […]
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%. […]
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 […]