By Administrator_India Capital Sands Indian shares rose on Tuesday, joining a global rally, after the U.S. Federal Reserve’s corporate bond buying programme boosted hopes of liquidity in domestic markets and outweighed concerns about another round of lockdowns in the face of rising COVID-19 cases. The Nifty rose 2.16% to 10,021.55 by 0346 GMT, while the […]
By Administrator_India Capital Sands Japan will resume efforts to improve its fiscal health once the economy emerges from deflation and overcomes the hit from the coronavirus pandemic, Prime Minister Shinzo Abe said on Monday. “Japan’s economy is battling a crisis, so the priority now is to use all available means to put it on a […]
By Administrator_India Capital Sands Asian shares fell sharply on Friday and oil prices extended losses on growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns, or even lead to fresh restrictions. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 1.52%, after a strong run-up […]
By Administrator_India Capital Sands The U.S. Federal Reserve on Wednesday signaled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year’s end. In the first economic projections of […]
By Administrator_India Capital Sands Russia and China have started making the case at the United Nations against Washington’s claim that it can trigger a return of all sanctions on Iran at the Security Council, with Moscow invoking a 50-year-old international legal opinion to argue against the move. Russian Foreign Minister Sergey Lavrov and the Chinese […]
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By Administrator_India Capital Sands Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based […]
By Administrator_India Capital Sands India is to allow farmers to sell produce directly to bulk buyers such as trading companies, food processors and large retailers, the farm minister said on Wednesday. This would obviate the need for farmers to bring their produce to India’s more than 7,000 regulated wholesale markets and let buyers buy from […]
By Administrator_India Capital Sands India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production. The government is offering a production-linked incentive (PLI) involving cash worth 4% to 6% of additional sales of goods made locally over […]
By Administrator_India Capital Sands Airlines in India will need to keep the middle seat empty if passenger load factors and seat capacity allow for it, the aviation regulator said in a notice to domestic and international carriers. The regulator did not elaborate on what load factors or seat capacity would require the middle seats to […]