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 […]
By Administrator_India Capital Sands Pulling up the Centre for “hiding behind the Reserve Bank of India” (RBI), the Supreme Court on Wednesday asked it to clarify its stand within a week on the waiver of interest on loan repayments during the moratorium period. A Bench headed by Justice Ashok Bhushan said the government had failed to clear […]
By Administrator_India Capital Sands Yields fell on Tuesday after the Reserve Bank of India said it would buy and simultaneously sell Rs 20,000 crore of bonds from the market in two equal tranches. Such buy-sell transactions are commonly called Operation Twist. Under this mechanism, the central bank buys long term bonds and sell short-term bonds. […]
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 […]
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 […]
By Administrator_India Capital Sands Asian stocks were up on Friday morning, ending the week on a high on the back of a strong session overall for U.S. markets on Thursday and despite investor concerns over the U.S. economic recovery. Stocks fell during the previous session after data released by the U.S. on Thursday showed that […]
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 […]
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 […]
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 […]
By Administrator_India Capital Sands Oil was up on Monday morning in Asia, following news that China plans to increase imports of U.S. crude in the coming months. However, new COVID-19 outbreaks capped gains. WTI futures were up 0.79% to $42.34 and Brent oil futures rose 0.65% to $45.09. According to the U.S. government, tankers […]
