By Administrator_India Capital Sands The government has proposed to significantly increase the authorised capital of Life Insurance Corporation of India (LIC) to Rs 25,000 crore to facilitate its listing slated for the next fiscal. Currently, the paid-up capital of the life insurance company with over 29 crore policies is Rs 100 crore. Starting with an initial capital […]
By Administrator_ India Capital Sands The RBI remained net buyer of the US dollar in December after it purchased $3.991 billion from the spot market, data showed. During the reporting month, the central bank bought $10.014 billion and sold $6.023 billion in the spot market, the RBI said in its monthly bulletin for February 2021. […]
By Administrator_India Capital Sands The dollar stood firm against its low-yielding peers on Tuesday on bets of a faster economic recovery and greater tolerance of higher U.S. bond yields, while the Australian dollar looked to guidance from the country’s central bank. The dollar index last stood at 91.014, having hit a three-week high of 91.139 overnight, with […]
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By Administrator_India Capital Sands The dollar was up on Thursday morning in Asia, but stayed near three-year lows, as the U.S. Federal Reserve continued a dovish stance that stoked reflation fears. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.07% to 90.095 by 9:24 PM ET. The U.S. […]
By Administrator_India Capital Sands A total of 1,19,07,392 beneficiaries have so far been vaccinated for COVID-19 through 2,53,434 sessions held till the evening of February 23, the 39th day of the immunisation drive, according to a provisional report of the Union Health Ministry. On February 23, 1,61,840 beneficiaries were vaccinated till 6 pm through 8,557 sessions, […]
By Administrator_India Capital Sands Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic. Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly […]
By Administrator_India Capital Sands Domestic stock indices nursed losses for the third consecutive session on Thursday as a lacklustre trend in global equities and concerns over stretched valuations sparked a retreat from risky assets. Banking and finance stocks bore the brunt of heavy selling, with HDFC twins being the top drags on the Sensex for […]
By Administrator_India Capital Sands Equity indices buckled under selling pressure for the second straight session on Wednesday as risk appetite remained subdued amid a bearish trend overseas. Profit-booking was seen in finance, IT and FMCG counters, while a depreciating rupee also weighed on investor sentiment, traders said. The 30-share BSE Sensex slumped 400.34 points or […]
By Administrator_India Capital Sands Global stocks are in the midst of the longest run of gains since 2003 as optimism over the economic recovery sweeps across markets. This even as the Indian equity benchmarks — Sensex and Nifty — ended marginally lower on Tuesday as investors booked profits at higher levels amid a mixed trend in global markets. […]
