By Administrator_India Capital Sands Millions of Indians turned off their lights and lit up balconies and doorsteps with lamps, candles and flashlights on Sunday, in response to Prime Minister Narendra Modi’s appeal to “challenge the darkness” spread by the coronavirus crisis. Modi, who imposed a three-week long nationwide lockdown on March 25, asked all citizens […]
By Ritu, Capital Sands European stock markets sank on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day’s gains on hopes of a global supply cut. With virus-fighting lockdowns raising the risk of a prolonged global downturn, investors […]
By Administrator_India Capital Sands Global coronavirus cases surpassed 1 million on Thursday with more than 52,000 deaths as the pandemic further exploded in the United States and the death toll climbed in Spain and Italy, according to a Reuters tally of official data. Italy had the most deaths, more than 13,900, followed by Spain. The […]
By Administrator_India Capital Sands Japan’s government and ruling parties agreed to exempt firms from certain taxes if their sales decline by more than half from the previous year in any three-month period between February and October amid the coronavirus outbreak, Kyodo newswire said on Thursday. Firms would be exempted from taxation on property and assets […]
By Administrator_India Capital Sands Asian stocks clung to gains on Wednesday, helped by a bounce in Australian shares, but risks for equities remain large as the coronavirus pandemic rattles the underpinnings of the global economy. E-Mini futures for the S&P 500 traded 1.39% lower in Asian trade, highlighting the cautious mood. MSCI’s broadest index of […]
By Administrator_India Capital Sands The U.S. death toll from the coronavirus pandemic climbed past 3,000 on Monday, the deadliest day yet in the country’s mounting crisis, while New York cheered the arrival of a gleaming 1,000-bed U.S. Navy hospital ship as a sign of hope in the city’s desperate fight. In a grim new milestones […]
By Administrator_India Capital Sands President Donald Trump, who excoriated General Motors Co. on Friday and invoked emergency powers to compel the production of badly needed ventilators to tackle the coronavirus pandemic, has abruptly shifted gears to praise the automaker. Trump, who has been on the defensive for not moving faster to compel the production of […]
By Administrator_India Capital Sands India stocks were mixed after the close on Friday, as gains in the Banking, Public Sector Undertakings and Metals sectors led shares higher while losses in the Auto, Oil & Gas and Real Estate sectors led shares lower. At the close in NSE, the Nifty 50 added 0.22%, while the BSE Sensex 30 index fell 0.44%. The best performers of the session on the Nifty 50 […]
By Administrator_India Capital Sands The U.S. dollar slid below the $100 mark on Friday morning in Asia after the United States was set to move forward on a $2.2 trillion relief package to deal with the fallout of the COVID-19 pandemic. The U.S. dollar index, which tracks the greenback against a basket of other currencies, slid […]
By Administrator_India Capital Sands India is likely to agree an economic stimulus package of more than 1.5 trillion rupees ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told Reuters. The Indian government has not yet finalised the […]