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India’s property prices face steep falls as virus freezes market

  • April 2, 2020
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By Ritu, Capital Sands India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders. “Property prices may come down by 10-20% across geographies, while land prices could see an even higher […]

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Most Americans huddle indoors as coronavirus deaths keep spiking

By Administrator_India Capital Sands Four new states imposed sweeping stay-at-home directives on Wednesday in response to the coronavirus pandemic, putting over 80% of Americans under lockdown as the number of deaths in the United States nearly doubled in three days. The governors of Florida, Georgia, Mississippi, and Nevada each instituted the strict policies on a […]

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Asia shares suffer virus chills, central banks offer what they can

By Administrator_India Capital Sands Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks’ best efforts. “We continue to mark down 1H20 global GDP forecasts as our assessment of both the global […]

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COVID 19: Dismal numbers for China and U.S., China shuts doors to most foreigners

By Administrator_India Capital Sands China reported a sharp drop in industrial profits year-on-year for last month, while the United States digests a whopping 3.28 million jobless claims submitted last week. The U.S. House of Representatives is set to pass a $2.2 trillion stimulus package today. Hong Kong’s leaders rethink social distancing measures as the number […]

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India’s huge outsourcing industry struggles with work-from-home scenario

By Admnistrator_India Capital Sands As the coronavirus pandemic pushes India into lockdown, the call centers and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans. Prime Minister Narendra Modi on Tuesday ordered 1.3 billion Indians to stay at home for 21 days to […]

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Australia boosts lockdown measures as coronavirus cases jump

By Administrator_India Capital Sands Australian officials warned that an accelerating number of coronavirus infections could start overwhelming the country’s intensive care units, as stricter social distancing measures came into force on Wednesday. Prime Minister Scott Morrison announced new curbs late on Tuesday that will close more non-essential businesses, pushing the country closer to the stricter […]

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India to announce fiscal package to help economy face coronavirus

By  Administrator_India, Capital Sands India’s government will soon announce a fiscal package to help the economy face the impact of the coronavirus, Finance Minister Nirmala Sitharaman said in a video conference with reporters on Tuesday. Sitharaman relaxed a number of tax compliance rules for individuals and firms and also raised the threshold of triggering insolvency […]

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Indian shares crash as pandemic worries escalate; rupee hits record low

By Admninstrator_India Capital Sands Indian stocks plunged over 9% on Monday, as the rapidly spreading coronavirus pandemic sent major states including the country’s capital into lockdown amid increasing fears that outbreak could bring world economies to a grinding halt. The Nifty slipped 9.17% to 7,937.75, while the Sensex was 9.42% lower at 27,093.24. Over the […]

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Exclusive: India plans to top up strategic tanks with cheap Saudi, UAE oil – sources

By Administrator_India Capital Sands India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves, two sources familiar with the matter said on Monday. Global oil prices have fallen around 40% in March as the impact of the coronavirus pandemic has […]

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Fed cuts interest rate to zero, launches $700bn QE programme

By Administrator_India Capital Sands The US Federal Reserve has cut its key interest rate to virtually zero and launched a massive $700 billion quantitative easing programme. Citing “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” it announced drastic emergency measures to shore up confidence and keep the […]