Commodities

Oil touches 7-year high after OPEC+ sticks to plan for gradual output hike

By Administrator_ India Capital Sands Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of […]

Economy

PM Narendra Modi launches health ID, digital record for citizens

By Administrator_ India Capital Sands Prime Minister Narendra Modi on Monday launched the digital Ayushman Bharat Mission and said the initiative would bring about a revolutionary change in India’s health facilities, improve ease of living, and digitally protect the health records of people. He said in a virtual address that the mission would create a seamless online platform that […]

Market

Bulls take Sensex close to 60,000 as investor sentiment gets huge boost

By Administrator_ India Capital Sands India’s benchmark indices notched new highs on Thursday after investor sentiment got a boost from the US Federal Reserve’s dovish commentary. The Sensex ended the session at 59,885 with a gain of 958 points, or 1.6 percent. In intra-day trade, the index hit 59,957, just 43 points shy of the psychological 60,000 […]

Bank officers' union extends support to 'Bharat Bandh' call by farmers on September 27 India

Bank officers’ union extends support to ‘Bharat Bandh’ call by farmers on September 27

By Administrator_India Capital Sands The All India Bank Officers’ Confederation (AlBOC) on Wednesday extended its support to the ‘Bharat Bandh’ called by Samyukta Kisan Morcha on September 27. AIBOC requested the government to re-open dialogue with the Samyukta Kisan Morcha on their demands and rescind the three contentious farm laws. AIBOC affiliates and state units […]

Business

Markets hit fresh highs as telecom, PSU stocks gain, Sensex near 59K

By Administrator_ India Capital Sands The Indian markets hit fresh record highs on Wednesday amid rally a tally in telecom and public sector undertaking stocks, with benchmark Sensex’s notching up its 41st record close for the year. The benchmark Sensex rose 476 points, or 0.8 percent, to end the session at 58,723. The Nifty, on the other hand, rose 139 points […]

Economy

India, UK aim to launch FTA negotiations by November 1

By Administrator_ India Capital Sands India and the United Kingdom plan to launch negotiations on a trade deal between the two nations by 1 November 2021, the commerce and industry said on Tuesday. Both nations are looking at an interim trade deal by March next year, which will be followed by a comprehensive FTA. The interim deal […]

Commodities

Gold Down, Investors Look to U.S. Inflation Data

By Administrator_ India Capital Sands Gold was down on Tuesday morning in Asia ahead of U.S. inflation data that could hint at when the U.S. Federal Reserve could begin asset tapering. Gold futures inched down 0.09% to $1,792.85 by 12:07 AM ET (4:07 AM GMT). The dollar, which usually moves inversely to gold, inched down on […]