By Administrator_ India Capital Sands India’s industrial production grew 29.3 percent in May as compared to the same period a year ago, as the impact of a low base continued for yet another month. In May last year, factory output, measured by the Index of Industrial Production, contracted 33.4 percent. This is because factories remained shut due […]
By Administrator_ India Capital Sands Some parts of north India received showers on July 11 but the long-delayed monsoon eluded the Delhi-National Capital Region (NCR) once again. However, the India Meteorological Department has forecast heavy rainfall at isolated places in the north region by the morning of July 12. As there was little relief from […]
By Administrator_ India Capital Sands Delhi government’s Women and Child Development Department will undertake a survey to identify children who have been orphaned during the COVID-19 pandemic. The department said it has appointed 20 welfare officers who will conduct the survey in different childcare homes, institutions, and district offices in the city. The officers have […]
By Administrator_ India Capital Sands The Indian equity benchmarks edged higher on Wednesday led by gains in HDFC, HDFC Bank, Asian Paints, Infosys, and Tata Consultancy Services. However, the upside was capped as Reliance Industries, Hindustan Unilever, Titan, and UltraTech Cement were witnessing selling pressure. Meanwhile, Asian share markets tumbled on Wednesday as a bout […]
By Administrator_ India Capital Sands IT major Tech Mahindra said it has partnered with StaTwig, a Singapore and Hyderabad-based digital supply chain solution provider, to implement vaccine traceability platform “VaccineLedger” globally. The companies aim to roll out a blockchain-based traceability solution for global vaccine supply chain transparency, predict and prevent failures in supply chains, including problems related […]
By Administrator_ India Capital Sands Oil was down Monday morning in Asia, with investors on tenterhooks ahead of a crucial OPEC and allies (OPEC+) meeting later in the day. Brent oil futures inched down 0.07% to $76.12 by 12:25 AM ET (4:25 AM GMT), after falling to its first weekly decline in six during the previous week. WTI futures also […]
By Administrator_ India Capital Sands The dollar’s index against six other major currencies rose 0.1% to 91.870, having recovered from Friday’s low of 91.524 hits in the wake of the inflation readings. The euro fell 0.1% to $1.1923, as it struggled to recover the $1.20 level, while the dollar hovered at 110.67 yen, not far […]
By Administrator_ India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.03% to 91.767 by 12:13 AM ET (4:13 AM GMT). The USD/JPY pair inched down 0.01% to 110.84, with the yen just below a 15-month low against the dollar. Data released earlier in the day said that the Tokyo […]
By Administrator_ India Capital Sands Multiple users experienced a brief outage at Amazon.com Inc’s platforms including Alexa and Prime Video late Wednesday before services were restored, according to outage monitoring website Downdetector. More than 6,200 user reports had indicated issues with Amazon’s online store site, as of 0148 GMT, while about 1,700 users reported problems […]
By Administrator_ India Capital Sands Moody’s Investors Service on Wednesday slashed India’s growth projection to 9.6 percent for the 2021 calendar year, from its earlier estimate of 13.9 percent, and said faster vaccination progress will be paramount in restricting economic losses to the June quarter In its report titled “Macroeconomics – India: Economic shocks from […]
