By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. FUNDAMENTALS Spot gold was flat at $1,728.60 per ounce, as of 0146 GMT. Gold futures […]
Author: Administrator_India
Japan gathering information on Nomura, MUFG losses linked to U.S. client
By Administrator_India Capital Sands Japan is looking into the financial losses incurred by MUFG and Nomura through deals related to an unnamed U.S. client, and will gather and share information on the matter with the Bank of Japan and overseas authorities, the finance minister said. Taro Aso’s comments come after Mitsubishi UFJ Financial Group estimated […]
Oil gains ahead of OPEC+ meeting on output policy
By Administrator_India Capital Sands Crude prices rose on Thursday, recouping some of the previous session’s losses on expectations that a meeting of OPEC and its allies later on Thursday would yield output constraint in the face of resurgent COVID-19 infections in some regions. Brent crude for June delivery was up by 31 cents, or 0.5%, at […]
Close to 3 million people in India acquired digital skills during COVID-19: Microsoft
By Administrator_India Capital Sands Microsoft Corp on Tuesday said it has helped over 30 million people across 249 countries and territories gain access to digital skills, including close to 3 million people from India. This number is higher than the initial goal of 25 million that was announced by the tech giant in June last […]
Gold Sinks Anew as Most Markets Fall
By Administrator_India Capital Sands Gold prices sank more than 1% on Monday, breaking new ground lower after a week of sideways trading, as market participants tried to suss out a clear direction for the yellow metal amid climbing yields and the dollar. Gold for April delivery was Friday’s session settled down $20.10, or 1.2%, at $1,712.20 […]
Oil prices slide on fresh Covid-19 curbs in Europe, stranded ship
By Administrator_India Capital Sands Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal. Brent crude slid more than 2 per cent, to $61.64 a barrel at 7.57 pm (IST). US West […]
EPF rule tweaked: Now, earn tax-free interest on contributions of up to Rs 5 lakh
By Administrator_India Capital Sands Salaried employees concerned about interest earned on their annual employees’ provident fund being taxed from April 1 can heave a sigh of relief. Rules amended Finance Minister Nirmala Sitharaman introduced an amendment to raise this threshold limit to Rs 5 lakh during the debate on Finance Bill 2021, which was passed by the […]
Fuel prices may be slashed by Rs.2 in the coming days: Report
By Administrator_India Capital Sands Retail fuel prices may see a price cut by Rs.2 per litre in the coming days if the international fuel prices continue to go down and rupee-dollar exchange maintains the current trend. International crude oil prices have been falling after a steep rise till March 8 when it touched $70 per […]
Gujarat records 1,640 new COVID-19 cases, highest rise so far
By Administrator_India Capital Sands Gujarat recorded its highest single-day spike of 1,640 coronavirus cases on Monday which took the caseload to 2,88,649, the state health department said. The previous record of daily increase in the state was of November 27 when 1,607 new cases had come to light. In February this year daily COVID-19 cases […]
Household debt soars to 37.1% of GDP, savings plunge 10.4% in Q2: RBI report
By Administrator_India Capital Sands The year-long pandemic left households more indebted, which has sharply jumped to 37.1 per cent of GDP in Q2 of FY21, while their savings rate plunged to a low 10.4 per cent, according to latest data from the Reserve Bank. The household savings plunged as the pandemic has led to tens […]