By Ritu, Capital Sands Crude oil futures plummeted on Friday as Russia reportedly refused to support the Organization of Petroleum Exporting Countries’ proposal to cut crude output by an additional 1.5 million barrels a day. OPEC had agreed its proposal on Thursday, desperate to bring the global oil market back into balance. Demand has fallen through […]
By Administrator_India Capital Sands The board of India’ top lender, State Bank of India, agreed on Thursday to conduct a viability assessment into buying a stake in troubled private sector Yes Bank Ltd. Yes Bank shares surged more than 25% after reports emerged that a group led by SBI will inject capital into the bank. […]
By Ritu Capital Sands The Supreme Court on March 4 allowed banks and financial institutions from providing services related to cryptocurrencies by setting aside the Reserve Bank of India’s 2018 circular which had prohibited them. The order is likely to come as a big relief to virtual currency (VC) proponents in the country. Cryptocurrencies are digital […]
By Administrator_India Capital Sands Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers. Brent crude rose by 78 cents, or 1.5%, to $51.91 per barrel, […]
By Administrator_India, Capital Sands The Reserve Bank of India (RBI) is considering using unconventional policy tools to spur lending, three government officials told Reuters, amid fears that the coronavirus outbreak will derail any revival of economic growth. RBI is planning to infuse fresh cash liquidity into the system through a second round of long-term repo […]
By Administrator_India Capital Sands Gold prices rose on Wednesday, after surging more than 3% in the previous session as the U.S. Federal Reserve cut interest rates to help soften the economic blow from the coronavirus outbreak. Spot gold climbed 0.3% to $1,644.97 an ounce, having registered its biggest one-day percentage gain since 2016 in the […]
By Ritu, Capital Sands India stocks were higher after the close on Tuesday, as gains in the Metals, Power and Healthcare sectors led shares higher. At the close in NSE, the Nifty 50 rose 1.53%, while the BSE Sensex 30 index climbed 1.26%. The best performers of the session on the Nifty 50 were Vedanta Ltd , which rose 7.75% or 8.60 points to trade […]
By Administrator_India Capital Sands Outsized returns in India, besting local lenders for the first time in a decade, are emboldening banks such as Citigroup, Deutsche Bank and HSBC to invest more in a market that has long held promise but tended to under-deliver. Easing regulations and a surge in online banking are driving the change, […]
By Ritu, Capital Sands After getting caught up in last week’s punishing virus-driven sell-off, gold rebounded on Monday to refresh its haven credentials. The metal advanced after a weekend of negative developments, including a surge in virus cases around the world. With rising expectations that central banks will now act, assets including copper, oil and equities […]
By Administrator_India Capital Sands Oil prices pared losses after earlier hitting multi-year lows on Monday as hopes that a bigger than expected production cut from OPEC and stimulus from central banks could offset economic gloom from the coronavirus outbreak. Brent crude was at $50.32 a barrel, up 65 cents, or 1.3%, after earlier dropping to […]
