By Administrator_India Capital Sands Embassy of Poland and Polish Institute in New Delhi illuminated the Qutub Minar in Poland’s national colors to commemorate the 40th anniversary of the creation of the Solidarity movement on Sunday (August 30). Solidarity movement is an anti-bureaucratic social movement based on Gandhian principles of non-violence that fought for civil rights […]
Month: August 2020
Markets open in green, Nifty tops 11,600
By Administrator_India Capital Sands Markets opened in green on Friday amidst positive global cues. The BSE Sensex rose 256.16 points or 0.65 percent to 39,369.63 in early trade while the NSE Nifty jumped 71.25 points or 0.62 percent to 11,630.50. Major gainers in the Sensex pack were Axis Bank, IndusInd Bank, ICICI Bank, LT, Sun […]
Germany extends 10 billion euro relief to preserve workforce
By Administrator_India Capital Sands German coalition parties agreed on Tuesday to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to 10 billion euros, including prolonging a short-time work scheme and freezing insolvency rules. The German economy contracted at its steepest rate on record in the second quarter and the government is […]
Oil Mixed, With Producers Bracing for Hurricane Laura
By Administrator_India Capital Sands Oil was mixed on Wednesday morning in Asia, with producers shutting off most offshore output in the Gulf of Mexico ahead of Hurrican Laura. Brent oil futures were up 0.24% to $46.40 by 12:06 AM ET (5:06 AM GMT) and WTI Futures inched down 0.02% to $43.34. As many as 310 offshore facilities have […]
Kalyan Jewellers files IPO for Rs 1,750-cr in largest offer in its sector
By Administrator_India Capital Sands Kerala-based Kalyan Jewellers India has filed its offer document with the SEBI for a Rs 1,750-crore initial public offering . The issue comprises fresh fundraise of Rs 1,000 crore and Rs 750-crore secondary share sale by promoter T S Kalyanaraman and private equity firm Warburg Pincus. This IPO will be the biggest by a jewellery […]
EC defers bypolls for one Lok Sabha, 7 Assembly seats due to COVID-19
By Administrator_India Capital Sands The states where the bypolls have been deferred are — Valmiki Nagar Lok Sabha seat in Bihar, two Assembly seats each in Tamil Nadu and Uttar Pradesh, and one each in Assam, Madhya Pradesh, and Kerala. Most of these seats fell vacant due to the death of sitting members. A senior […]
Gold prices fall by Rs 1,492, silver tanks by Rs 1,476 on weak global cues
By Administrator_India Capital Sands Gold prices plunged by Rs 1,492 to Rs 52,819 per 10 grams on Thursday in the national capital in line with sell-off in international prices of the precious metal, according to HDFC Securities. The yellow metal had closed at Rs 54,311 per 10 grams in the previous trade. Silver also witnessed weak […]
Indian Oil Corp nears first deal to export fuels to Mauritius
By Administrator_India Capital Sands Indian Oil Corp, the country’s top refiner, is close to winning its first contract to export up to 720,000 tonnes of clean products to Mauritius under an annual deal from November, two sources familiar with the matter said. IOC mostly stays away from participating in term tenders for fuel exports as […]
India in talks with 13 nations for air bubble arrangement
By Administrator_India Capital Sands India is negotiating with 13 countries, including Australia, Japan and Singapore, to establish separate bilateral air bubble arrangements for international flight operations, Civil Aviation Minister Hardeep Singh Puri said on Tuesday. Under a bilateral air bubble pact, airlines of both the countries can operate international flights with certain restrictions. Since July, India has […]
25% equity plans make less than 5% allocation to Reliance Industries
By Administrator_India Capital Sands One of four diversified equity schemes had made less than 5 per cent allocation of their corpus to Reliance Industries at the end of July. The Mukesh Ambani-led firm’s stock has more than doubled from its March lows and quadrupled since December 2016. It had a weighting of 14 per cent on […]