By Ritu, Capital Sands Iraq has yet to inform its regular oil buyers of cuts to its exports, suggesting it is struggling to fully implement an OPEC deal with Russia and other producers on a record supply cut, traders and industry sources said. Less than full compliance by Iraq, as well as by smaller producers […]
Month: May 2020
India hikes taxes on petrol, diesel; says consumers will be unaffected
By Administrator_India Capital Sands India late on Tuesday increased its taxes and duties on petrol and diesel instead of passing on the benefit of lower crude oil prices to consumers, as the government moves to raise revenues in an economy that ground to a halt in the coronavirus crisis. Taxes and duties on petrol and […]
Oil prices extend gains on demand hopes as lockdowns ease
By Ritu, Capital Sands Oil prices jumped again on Tuesday on hopes for a recovery in vehicle traffic and fuel demand as some European and Asian countries along with several U.S. states began to ease coronavirus lockdown measures. WTI crude CLc1 futures were up 9.6%, or $1.95, at $22.34 per barrel 1000 GMT. The U.S. […]
India’s April gold imports plunge 99.9% to three-decade low
By Administrator_India Capital Sands India’s gold imports plunged 99.9% year-on-year in April to their lowest in nearly three decades as air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said. The world’s second biggest consumer of the precious metal imported around 50 […]
Trust is the Key to success: Arun Kumar Saini
It is enviable success story of a young entrepreneur, who made a turnover in crore for his companies in just 5 year Capital Group of Companies & ario Holdings is the leading companies in India as well as in abroad, is on the threshold of future development. Started just Five year ago. Arun KumarSaini started his […]
Dollar edges up, Asian stocks slip as U.S.-China tensions flare
By Administrator_India Capital Sands The dollar inched higher, stock markets struggled for traction and oil fell on Monday as a U.S.-China spat over the origin of the coronavirus put the brakes on optimism about an economic re-start as countries around the world ease restrictions. In reduced trade, with China and Japan on holiday, U.S. stock […]
India exports 50 million hydroxychloroquine tablets to U.S. for COVID-19 fight
By Administrator_India Capital Sands India has shipped 50 million tablets of hydroxychloroquine to the United States, an Indian source with direct knowledge of the exports said, although U.S. regulators warned the anti-malarial drug may have harmful side effects in the treatment of COVID-19. The trade, India’s biggest export of the drug to any country, follows […]