India may give reprieve to solar projects delayed by coronavirus fallout

By  Administrator_India, Capital Sands India will consider extending deadlines for completing solar energy projects to shield developers from stiff penalties after the coronavirus outbreak hit component supplies from China, a top government official said on Tuesday. Ratings agency Standard and Poor’s Indian unit, Crisil, warned on Monday that nearly threeContinue Reading

Dollar Gains on Virus Worries; Sterling Shows Strength

By Ritu, Capital Sands The return of risk aversion to the financial markets Tuesday has prompted more gains for the U.S. dollar, amid concerns about the extent of the damage caused by the coronavirus in China, but sterling is also showing signs of strength. EUR/USD traded at 1.0836, just off theContinue Reading

India's use of facial recognition tech during protests causes stir

By  Administrator_India, Capital Sands When artist Rachita Taneja heads out to protest in New Delhi, she covers her face with a pollution mask, a hoodie or a scarf to reduce the risk of being identified by police facial recognition software. Police in the Indian capital and the northern state ofContinue Reading

Oil edges lower after jump in US stockpiles, vaccine hopes capping losses

By Ritu, Capital Sands Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major producers will tighten crude supply. U.S. West Texas Intermediate crude  rose 3 centsContinue Reading

Asian shares hover around three-week highs on Chinese support measures

By  Administrator_India, Capital Sands Asian shares reversed earlier losses on Monday and moved back toward a three-week top as Chinese efforts to cushion the blow from a coronavirus outbreak cheered investors, although Japanese stocks faltered amid growing recession risks. Trading is expected to be light as U.S. stocks and bondContinue Reading

Coronavirus Scare Leaves China’s Empty Restaurants Selling Off Stocks

By Ritu, Capital Sands Wang Chuanchao shuttered his restaurant in central Beijing three weeks ago as the scare over the coronavirus epidemic in country kept customers away and now he’s reduced to selling off vegetables on the street outside to cut losses. Anticipating packed tables at his 125-seater restaurant overContinue Reading

Economists eye silver lining in India's rising rural inflation numbers

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 theContinue Reading

India to woo businesses to Kashmir in planned investment summit

By Ritu, Capital Sands India plans to offer around 6,000 acres of land in Kashmir as part of a business summit planned for April or May to help the Himalayan region after withdrawing its special rights and making sweeping administrative changes. Jammu and Kashmir was India’s only Muslim-majority state untilContinue Reading

Global Markets: Jump in new coronavirus cases stymies stock rally

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, doubleContinue Reading

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 bankingContinue Reading