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 […]
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By Ritu, Capital Sands Turkey will no longer stop Syrian refugees from reaching Europe, a senior Turkish official said, as Ankara responded on Friday to the killing of 33 Turkish soldiers in an air strike by Syrian government forces in Syria’s northwestern Idlib region. The attack more than doubled Turkey’s military death toll in February […]
By Administrator_India Capital Sands Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession. Share prices were on track for the worst week since the global financial crisis in 2008 as virus-related […]
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By Ritu, Capital Sands India added more than three dollar billionaires every month in 2019, taking the tally to 138 that has helped the country to feature at the third position globally, says a report. China and the US occupied the first and second spot with 799 and 626 billionaires, respectively. In total, India got […]
By Administrator_India Capital Sands Finance Minister Nirmala Sitharaman on Wednesday told state-owned banks to not “blindly” trust the credit scores of loan seekers, and to focus on improving branch-level connect with customers. Her suggestions came on a day she launched a new set of reform measures for public sector banks (PSBs), aimed at enhancing the role of technology. The FM said […]
By Ritu, Capital Sands Auto sales in China fell 18.7% in January, more than expected and marking the industry’s 19th consecutive month of sales decline, data from the country’s biggest auto industry association showed on Wednesday. The China Association of Automobile Manufacturers posted on its official WeChat account that new energy vehicle sales during the […]
