By Administrator_India Capital Sands The Indian indices shed over 1 per cent on Thursday, after surging about 5 per cent over the three previous sessions, amid fresh jitters in the US bond market. Most global equities fell following the US markets, particularly the Nasdaq, after bond yields rose for the first time
By Administrator_India Capital Sands The dollar inched up on Thursday morning in Asia after hitting a seven-month high against the yen during the previous session. With U.S. Treasuries recording orderly gains and boosting the dollar, U.S. Federal Reserve Chairman Jerome Powell is also due to give a speech later in the day.
By Administrator_India Capital Sands The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields continued to retreat, restoring some calm to global markets and reigniting demand for riskier assets. Commodity-linked currencies including the Australian dollar and the Norwegian krone held on to sizeable two-day advances. The lower U.S.
By Administrator_India Capital Sands Oil was down Tuesday morning in Asia, with all eyes on Thursday’s Organization of the Petroleum Exporting Countries and allies, or OPEC+, meeting to discuss output. Brent oil futures were down 0.63% to $62.88 by 9:55 PM ET (1:55 AM GMT). WTI Futures fell 1.30% to $59.85, slipping just
By Administrator_India Capital Sands Prime Minister Narendra Modi took his first dose of the COVID-19 vaccine at the All India Institute of Medical Sciences (AIIMS) in New Delhi on March 1. “Took my first dose of the COVID-19 vaccine at AIIMS. Remarkable how our doctors and scientists have worked in
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By Administrator_India Capital Sands India’s economy is likely to have returned to growth in the December quarter due to the easing of restrictions on movement after the first wave of the coronavirus epidemic peaked, a Reuters poll predicted. The median forecast from a survey of 58 economists, conducted between Feb.
By Administrator_India Capital Sands India’s GDP may turn positive at 1.3 percent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government
By Administrator_India Capital Sands Opening the coffers of his government for poll-bound Assam, Prime Minister Narendra Modi on Monday slammed the successive Congress dispensations that ruled the country since Independence for the “neglect’’ of the state and the northeast for decades. On his third visit to Assam in a month, Modi, who dedicated to
By Administrator_India Capital Sands The West Bengal government has decided to cut taxes on petrol and diesel price by one rupee a litre effective Monday midnight. West Bengal finance minister, Amit Mitra, said that despite Amphan, Covid-related stress and dues from the Centre running into Rs 77,000 crore, the state government has decided to cut petrol and diesel prices by one