By Administrator_ India Capital Sands India’s sugar production is likely to decline marginally to 30.5 million tonnes in the next 2021-22 season as more sugarcane will be diverted for ethanol making, a senior government official said on Monday. Sugar production is estimated to have reached 31 million tonnes in the 2020-21 season (October-September), he said. India is the world’s […]
By Administrator_ India Capital Sands Prime Minister Narendra Modi said on Sunday that the start-up culture had in India become very vibrant with youngsters in even smaller cities embracing it, and asserted that it is a sign of India’s bright future. In his monthly ‘Mann ki Baat’ radio broadcast, Modi also noted that space sector reforms in […]
By Administrator_India Capital Sands Oil fell about 1% on Thursday on renewed concerns over demand due to rising COVID-19 infections and as Mexico restored some output after a fire disrupted supplies. Losses were limited by the potential for other supply interruptions. Energy companies prepared for the possibility of a severe storm hitting the U.S. Gulf […]
By Administrator_ India Capital Sands Foreign direct investments into the country are on the rise, jumping to USD 12.1 billion in May this year, Commerce and Industry Minister Piyush Goyal said. He also said the government is working on a mission mode to achieve an exports target of USD 400 billion in 2021-22. “India has […]
By Administrator_ India Capital Sands The Tamil Nadu state government has extended COVID-19 curbs till September 9 with additional relaxations. The existing relaxations were scheduled to end by August 23. Chief Minister M K Stalin chaired a high-level meeting with senior officials on August 21 and decided to reopen educational institutions from September 1 along […]
By Administrator_ India Capital Sands News of Amazon.com Inc.’s department store plans sent a shudder through retail stocks just as some of the biggest names in the industry were reporting robust earnings, a signal that new challenges await in the beleaguered sector. Amazon will open several physical locations that will compete with department stores, the Wall Street […]
By Administrator_ India Capital Sands India exported goods worth $7.1 billion in the second week of August, up 39.5 percent year-on-year, led by robust demand for engineering goods, pharmaceuticals, as well as gems and jewelry products, according to preliminary data collated by the commerce and industry ministry. However, the number is slightly lower as compared […]
By Administrator_India Capital Sands Commodities have witnessed a directionless week as market players continued to assess Fed’s monetary policy stance, virus situation as well as health of Chinese economy. Such directionless trade may continue in the near term with no clear cues. COMEX gold tested March low earlier this week but bounced back sharply and […]
By Administrator_ India Capital Sands A cryptocurrency platform has lost an estimated $600 million in digital tokens after one of the sector’s biggest ever hacking attacks, according to details of the heist which emerged on Wednesday. Poly Network, a decentralized finance platform, announced the hack on Twitter and posted details of digital wallets to which it said the money […]
By Administrator_ India Capital Sands Extreme climate occurrences in the form of heatwaves, droughts, floods and thinning of glaciers are now indisputably linked to human behaviour and not natural causes, says the latest assessment report by global climate scientists, adding that some of these climate changes might be irreversible. The report, “Climate Change 2021”, from the […]
