IndiGo parent InterGlobe Aviation settles case with Sebi amid promoter feud Money market

SEBI directs PMS providers to share commission details with clients

By Administrator_India Capital Sands The Securities and Exchange Board of India has directed portfolio management service providers to disclose to clients the commission payouts they made to distributors. Experts say this will bring in more transparency. “From the perspective of clients, it will give them clarity whether the product being sold to them by an […]

Forex Political News

Will cancel spectrum allocation if telcos don’t pay AGR dues: SC

By Administrator_India Capital Sands   After several rounds of hearings and a year later, the Supreme Court has reserved its judgment on the adjusted gross revenue (AGR) case. On the last day of hearing on Monday, the court observed that if telecom companies are unwilling to pay their dues, it would direct the Union government to cancel their spectrum […]

Political News

North Korea’s Kim Jong Un in coma, sister declared de facto second-in-command

By Administrator_India Capital Sands South Korean diplomat Chang Song-min — former aide of South Korean ex-President Kim Dae-Jung – has told the media that North Korean leader Kim Jong Un is comatose. He claimed that the North Korean leader’s health is fast deteriorating and his sister Kim Yo-jong has already been declared the de facto […]

Economy

Banks may restructure Rs 8.4 tn loans as economy sputters: India Ratings

By Administrator_India Capital Sands Indian banks may restructure loans worth Rs 8.4 trillion–about 7.7 per cent of total credit in March 2020–to manage financial stress caused by the corona-virus pandemic. The loans cover corporate and non-corporate accounts that banks may recast under the Reserve Bank of India’s recent norms, according to India Ratings. Almost 60 per cent of Rs […]

Forex Global

Dollar Flat Amid Continuous U.S. Economic Recovery Uncertainty

By Administrator_India Capital Sands   The dollar was flat on Wednesday morning in Asia, with the safe-haven asset slowly recovering heavy losses from the previous session over the uncertainty surrounding the latest stimulus measures and, in turn, U.S. economic recovery from COVID-19. The U.S. Dollar Index that tracks the greenback against a basket of other currencies […]

Entertainment

M S Dhoni retires from international cricket: His 10 iconic knocks

By Administrator_India Capital Sands   In a match completely dominated by the wicket-keepers, Dhoni overshadowed Kumar Sangakkara’s unbeaten century to help India register a famous win. Sangakkara’s 138* helped Sri Lanka post an imposing 298/4. However, Dhoni went a step ahead as his 145-ball unbeaten 183, consisting of 15 fours and 10 sixes, took India […]