By Ritu, Capital Sands The Supreme Court directed political parties to upload details candidates with criminal antecedents and the reason for their selection on their official websites, as per News18 alerts. In its order on February 13, the SC said that criminalisation of politics is a grave issue requiring its attention. The court has ordered […]

By  Administrator_India, Capital Sands India is likely to issue at least $5 billion worth of bonds with no limits on foreign investment next year, in a bid to list the bonds on global indices and attract more foreign funds, according to two finance ministry sources. India’s government is likely to issue the bonds in several […]

By  Administrator_India, Capital Sands European shares opened a tad higher on Monday as investors were relieved that the UK finally exited the EU, although concerns over the growing Chinese coronavirus dampened enthusiasm. The pan-European STOXX 600 index rose 0.3% by 0803 GMT. Britain officially left the EU on Friday, ending years of financial and political […]

By  Administrator_India, Capital Sands Authorities are assessing how seriously to punish the operators of coal-fired plants around New Delhi that missed a year-end deadline to fit equipment to curb harmful emissions, a senior official at the federal pollution regulator said on Wednesday. Under a planned phase-in of higher standards, some plants were given until the end […]

By  Administrator_India, Capital Sands All assets owned by late industrialist KK Modi, including cigarette-maker Godfrey Phillips, are up for sale, his son Lalit Modi confirmed on January 27. Godfrey Phillips India, which manufactures Marlboro cigarettes in India, currently has two major stakeholders – Phillip Morris (which owns 25.1 percent) and the KK Modi Group . Krishan […]

By Ritu, Capital Sands Iran said on Monday that it had not closed the “door to negotiations” in efforts to resolve a dispute over its nuclear agreement with world powers that has escalated steadily since the United States withdrew from the deal in 2018. Foreign Ministry spokesman Abbas Mousavi said any further move by Tehran […]

By Ritu, Capital Sands The dollar and the Chinese yuan remained steady a day after China and the U.S. signed a phase one trade deal aimed at easing tensions between the two largest economies in the world. The signing of the deal on Wednesday, Jan. 15, in the U.S. helped equities markets and lent some stability to […]

By Ritu, Capital Sands The government is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters. In a 40-page initial draft, finance ministry has proposed appointing a mediator and setting up […]

By Ritu, Capital Sands Bitcoin has recorded its best start to the year since 2012. Optimism has returned to the market following a crash after the 2017 record high. Bitcoin was trading at around $8,667.33 at 13:34 p.m. SIN/HK up roughly 21% so far this year. Other digital coins including ethereum and XRP have followed suit, posting more than 20% […]

By Ritu, Capital Sands The pound extended its decline to the longest run in eight months as speculation of an imminent Bank of England interest-rate cut increased. Sterling fell as much as 0.3% against the dollar to $1.2955. Credit Agricole SA pointed out that more than half of the members of the bank’s Monetary Policy Committee are […]

By Ritu, Capital Sands The dollar opened the week stronger against the pound sterling and the Japanese yen, but weaker against the euro, with markets still unsettled by the weak labor market report on Friday. The dollar index, which measures the greenback against a basket of currencies, was effectively unchanged at 97.130. However, that masked a 0.5% rise for […]