By Administrator_India Capital Sands The United States reported more than 1,000 deaths from COVID-19 on Tuesday, according to a Reuters tally, marking the first time since June 10 the nation has surpassed that grim milestone, as California closed in on passing New York in total infections. Nearly 142,000 Americans have now died from the illness […]
Author: Administrator_India
California reports nearly 12,000 COVID cases, biggest increase since pandemic started
By Administrator_India Capital Sands California reported a record increase of more than 11,800 new cases of COVID-19 on Monday, as the Trump administration pushes for schools to reopen to help businesses return to normal. If California were a country, it would be rank fifth in the world for total cases at nearly 400,000, behind the […]
Florida coronavirus cases surge for fifth day as Trump pledges outbreak will be under control
By Administrator_India Capital Sands Florida reported over 12,000 new cases of COVID-19 on Sunday, the fifth day in a row the state has announced over 10,000 new infections, even as President Donald Trump pledged that “it’s going to be under control.” The virus has claimed over 140,000 U.S. lives since the pandemic started, and Florida, […]
Sensex, Nifty rise as investors bet on strong earnings
By Administrator_India Capital Sands Indian shares rose for a third straight session on Friday, as investors hoped for the strong earning momentum to continue after a good start by IT majors, soothing concerns around surging domestic coronavirus cases that crossed the 1 million mark. The NSE Nifty 50 index rose 0.67% to 10,811.50 by 0405 […]
China’s economy rebounds in second quarter after steep slump, consumption and investment still weak
By Administrator_India Capital Sands China’s economy returned to growth in the second-quarter after a deep slump at the start of the year, but domestic consumption and investment remained weak as the shock from the coronavirus crisis underscored the need for more policy support to bolster the recovery. The GDP data, as well as key June […]
Zydus begins human trials for potential COVID-19 vaccine
By Administrator_India Capital Sands Indian pharmaceutical company Zydus said on Wednesday it has started human studies for its potential COVID-19 vaccine, as coronavirus infections continue to surge in the world’s third worst-hit nation. ZyCoV-D, its plasmid DNA vaccine, was found to be safe, immunogenic and well-tolerated in the pre-clinical toxicity studies. In the human trials, […]
India’s June retail inflation picks up after easing of lockdown
By Administrator_India Capital Sands India’s retail inflation picked up in June, pushed by price increases for some food and fuel items, but economists said the central bank could still ease rates because of concerns about economic slowdown caused by lockdown. Annual retail inflation rose to 6.09% in June, compared to 5.84% in March, and 5.30% […]
Reliance’s digital unit wins Qualcomm backing in boost to 5G plans
By Administrator_India Capital Sands India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees ($97.1 million). The partnership will help Jio Platforms, the unit that houses Reliance’s telecoms venture Jio Infocomm, to “roll out advanced 5G infrastructure and services for […]
PNB reports $491 million DHFL loans as fraud
By Administrator_India Capital Sands Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion rupees ($491 million) to India’s central bank as “fraud.” Indian state-owned lender PNB, which was hit by a $2 billion fraud involving billionaire Nirav Modi in 2018, had already set aside […]
Militants kill local politician from Modi’s party in Indian Kashmir
By Administrator_India Capital Sands Suspected militants shot dead a local leader of India’s ruling BJP in the restive territory of Kashmir on Wednesday, police said, an attack that could increase tensions in the region. The militants fired at Waseem Bari, a former district chief of the BJP, and his father and brother while they were […]