By Administrator_India Capital Sands Monsoon rains are likely to enter India through the southern coast around June 1, the state-run weather office said on Thursday, marking the start of the four-month rainy season that is crucial for the country’s farm-dependent economy. Weather conditions are “very likely to become favorable from June 1, 2020” for the […]
Month: May 2020
Google faces antitrust case in India over payments app
By Administrator_India Capital Sands India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case. The complaint was filed in February and the Competition Commission of India has kept the identity of the complainant […]
California eases pandemic restrictions; New York Stock Exchange opens
By Administrator_India Capital Sands California, the most populous U.S. state, took another step on Tuesday toward ending sweeping lockdowns imposed to contain the coronavirus pandemic, allowing barber shops and hair salons in most counties to operate for the first time in more than two months. On Monday, Governor Gavin Newsom lifted orders that banned church […]
Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease
By Administrator_India Capital Sands Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world. U.S. WTI crude futures gained 2.3%, or 75 cents, to $34.00 as of 0057 GMT. There was no […]
India domestic flights to resume, but coronavirus cases rise
By Administrator_India Capital Sands Domestic flights will resume across India on Monday after a day of “hard negotiations”, the civil aviation minister said on Sunday, after some states sought to limit the number of flights. Flights will restart under an easing of restrictions imposed over the coronavirus, though the number of new cases rose by […]
India domestic flights to resume, but coronavirus cases rise
By Administrator_India Capital Sands Domestic flights will resume across India on Monday after a day of “hard negotiations”, the civil aviation minister said on Sunday, after some states sought to limit the number of flights. Flights will restart under an easing of restrictions imposed over the coronavirus, though the number of new cases rose by […]
Sensex, Nifty slip as U.S.-China tensions weigh; all eyes on RBI
By Administrator_India Capital Sands Indian shares tracked world markets lower on Friday, led by metals and mining stocks, as new U.S.-China tensions raised doubts about a trade deal between the world’s two largest economies. In India, investors will focus on a press briefing by the governor of the Reserve Bank of India scheduled for 1000 […]
India’s capital reopens public transport as nearby Chinese-owned factory is hit by outbreak
By Administrator_India Capital Sands India’s capital New Delhi and some other state governments ordered the re-opening of public transport on Monday in a further easing of a nearly two-month coronavirus shutdown. Under the new rules, buses, taxis and three-wheelers will return to the streets but with restrictions. Buses will not carry more than 20 passengers, […]
Remdesivir close to EU’s initial authorisation as COVID-19 treatment
By Administrator_India Capital Sands The head of the European Union’s medicines agency Guido Rasi said on Monday an initial authorisation for U.S. pharmaceutical company Gilead’s remdesivir as a COVID-19 treatment could be granted in coming days. The European Medicines Agency has already recommended the compassionate use of remdesivir, which allows a drug to be administered […]
Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion
By Administrator_India Capital Sands India’s Reliance Industries on Sunday announced U.S. fund General Atlantic will invest 65.98 billion rupees ($870 million) in Jio Platforms, a fourth deal that takes investment in its digital unit to over $8 billion in less than a month. General Atlantic will pick up a 1.34% stake in Jio Platforms which […]