By Administrator_India, Capital Sands India’s rural inflation rate surged faster than urban inflation for the first time in 19 months in January, and economists are optimistic that signals something the country desperately needs – a revival in demand in the rural economy. Around two-thirds of India’s population depends on the rural sector with agriculture accounting […]
By Administrator_India, Capital Sands Asian stock markets wobbled on Thursday while safe-havens such as the yen, gold and bonds rose as the number of new coronavirus cases and deaths in the outbreak’s epicentre jumped. China’s Hubei province, where the virus is believed to have originated, reported 242 new deaths, double the previous day’s toll, and […]
By Administrator_India, Capital Sands Indian economic growth is poised to bounce back after slipping to a more than six-year low of 4.5% in the July-September quarter as the government has taken measures to prop up investments and consumer demand. “Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and […]
By Administrator_India, Capital Sands India is set to give final approval to a $2.6 billion deal for military helicopters from U.S. defence firm Lockheed Martin ahead of a proposed visit by U.S. President Donald Trump this month. Prime Minister Narendra Modi’s government is trying to pull out all the stops for Trump’s trip in a […]
By Administrator_India, Capital Sands The dollar held gains on Monday after job market data provided the latest sign of U.S. economic strength, while worries about the coronavirus epidemic kept other trade-exposed currencies subdued. Data on Friday showed U.S. job growth accelerated last month, blowing past estimates, with particular strength in construction – indicating the economy […]
By Administrator_India, Capital Sands Oil headed for a fifth weekly loss as demand concerns grow in Asia and Europe, while OPEC+ awaited Russia’s response to its proposal to cut output further. Chinese refiners are processing 15% less crude than before the coronavirus outbreak, said people with knowledge of operations at the nation’s largest complexes. In […]
By Administrator_India, Capital Sands The Reserve Bank on Thursday expectedly left interest rates unchanged amid uncertain inflation outlook but left the door open for more easing in future even as it took steps to spur credit growth in an economy facing its worst slowdown in more than a decade. Here are the key numbers: • CPI projection […]
By Administrator_India, Capital Sands India wants to double defence exports over the next five years, Prime Minister Narendra Modi said on Wednesday, as the country seeks to cut its import bill amid a funding crunch that has forced successive governments to go slow on new orders. “For several years India has been a net importer […]
By Administrator_India, Capital Sands Asian markets rose on Wednesday morning, building on gains from the previous session. Chinese and Japanese stocks climbed more than 1%. China’s Shanghai Composite gained 1.6% , while the Shenzhen Component jumped 2.5%. The People’s Bank of China lowered interest rates on reverse repurchase agreements this week, reducing the 7-day reverse repo rate […]
By Administrator_India, Capital Sands China’s currency and stock markets steadied in choppy trade on Tuesday, after anxiety over the spreading coronavirus the previous session hit the yuan and erased some $400 billion in market value from Shanghai’s benchmark index. The Shanghai Composite opened 2% lower, before wobbling its way back from losses to stand 0.6% […]