By Administrator_India Capital Sands The U.S. dollar skidded toward a fourth straight weekly decline against a basket of major peers on Friday, as the Federal Reserve stuck to its message of ultra-low interest rates for longer. The dollar index was on course to end the week 0.2% lower, bringing its losses for April to 2.8%. A four-week […]
By Administrator_India Capital Sands Lucknow: The voting in the fourth and final phase of the Uttar Pradesh panchayat elections will be held on Thursday (April 29) amid the COVID-19 pandemic outbreak. Over 5.27 lakh candidates are in the fray for more than 2.10 lakh seats across 17 districts in this round of the election. “More […]
By Administrator_India Capital Sands The dollar is set to take its cues from the U.S. Federal Reserve’s policy statement and a speech by President Joe Biden on Wednesday, as it seeks to extend recovery from an eight-week low touched earlier in the week against a basket of currencies. The dollar index stood at 90.968, bouncing from Monday’s […]
By Administrator_India Capital Sands In a show of solidarity, CEOs of some 40 top American companies have come together to create a global task force to mobilise resources to help India fight the battle against COVID-19. A collective initiative of the US-India Business Council of the US Chambers of Commerce, and the US-India Strategic and […]
By Administrator_India Capital Sands State governments are drawing up plans to procure vaccines for people in the 18-45 age group and have started price negotiations with manufacturers. While Uttar Pradesh has sought 10 million doses (five million each from Serum Institute and Bharat Biotech), Maharashtra is looking to procure 15 million and is floating a […]
By Administrator_India Capital Sands A key gauge of Asian shares rose on Friday, supported by gains in China and a decision by the European Central Bank to maintain stimulus, while investors largely shrugged off the impact of a possible U.S. capital gains tax hike. Modestly firmer equity markets contrasted with ructions in cryptocurrencies as investors […]
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By Administrator_India Capital Sands Oil prices fell for a second day on Wednesday on concerns that soaring COVID-19 cases in India will drive down fuel demand in the world’s third biggest oil importer. Brent crude futures for June fell 52 cents, or 0.8%, to $66.05 a barrel at 0157 GMT, after dropping 48 cents on Tuesday. […]
By Administrator_India Capital Sands US’ Centers for Disease Control and Prevention (CDC) had advised its citizens to avoid travelling to India amid a massive surge in COVID-19 cases in the country. In a statement, the CDC said: “Because of the current situation in India even fully vaccinated travellers may be at risk for getting and […]
By Administrator_India Capital Sands Amid a spike in coronavirus infections in poll-bound West Bengal, Chief Minister Mamata Banerjee on April 18 said the Trinamool Congress (TMC) would organise small meetings in Kolkata and she would give short speeches in rallies in districts where polling would be held in the remaining three phases. Speaking to a […]